Full text of Commercial and Financial Chronicle : September 8, 1894, Vol. 59, No. 1524

View original document
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
inancfal
H U N T ’S M E R C H A N T S ’ M A G A Z IN E ,
gji
W fffe lj}
§ k iV 0 ]r p tf.
REPRESENTING- THE INDU STRIAL AND COMMERCIAL INTERESTS OF TH E U N IT E D STATES»
[E n te re d a o o o rd in g t o A o t o f C o n g re ss , in t lie y e a r 1 8 9 4 , b y t b e Wil l ia m B . D a n a C o m p a n y , i n t b e office o f t h e L ib r a r ia n o f C o n g re ss.]

SATURDAY, SEPTEMBER 8, 1894

VOL. 59.

NO. 1524

© f e r a w i c t j e The week’s total for all cities shows a gain of 9*5p.c. over ’93«
.

3$ «

Week Ending September 1.

PINE STR EE T, N. W . CORNER OF PEARL STR E E T , N. Y.

1894.

CLEARING HOUSE RETURNS.
For the month of August and the eight months the exhibit
is as follows:
Eight Months.

August.
1894.

1893.

1893.

(
t
15,663,477,358 22,718,204,334

f
$
New Y o rk ....... 1,871,609,350 1,958,039,036

+ 8-0

P .O t.

418,375,002

N ew Y o r k .........................
Sales of—
(Stocks ............. shares.
(G rain. .......... bushels.

(1,217,785)
(33,755,162;

B o s to n ...............................
P ro v id e n o e .......................
H a r tf o r d ...........................
N ew H a v e n .....................
S p rin g fie ld .......................
W o rc e s te r.........................
P o r tla n d ............... ............
F a ll R iv e r .........................
L o w e ll.............................
N ew B e d fo rd ...................
T o ta l N ew E n g la n d ..

64,637,416
3,522,400
1,542,049
1,096,902
989,668
862,753
1,161,741
451,952
449,001
267,552
74,971,434

1893.
|P . Cent,
I
406,937,064
+28

315,925,754
19,001.800
7,216,806
5,281,114
4,755,021
4714,588
5,123,455
2,651,688
2,260,554
1,309,008
368,239,788




292,607,148
16,971,000
6,932,491
5,281.021
4,990,753
4,403,033
4,980,830
2,107,762
2,236,569
1,462,471
341, 973,078

1894.
423,692,778

P.Oent*
+16*3

(1,175,036) (+3*6) (1.286,035) (+76*1)
(20,526,950) (+64*4) (25,658,275) (+ 02*
1)
60,573,507
2,653.000
1,223,771
848,748
1,011,063
903,137
941,876
389,887
387,497
___282,137
69,214,603

2,693,929,370 3,195,660,147 -15*7
205,304,800 -26*7
160,465,300
+ 12-0
81,502,665 -17*2
67.507.954
+4*1
+ 0-0
46,581,531
52,149.406 -19*7
48,141,290 - 12*6
42,092,160
- 4 '7
39.636.954
45,431,768 - 12*6
H-7‘1
-r2-9
44,260,020 - 10*0 P h ila d e lp h ia ....................
39,856,164
40,628,946
39.536,516
27,644.011 -11*7 P itts b u r g ..........................
24,419,640
+25-8
8,347.061
6,276,993
24 , 457,412 -16*4 B a ltim o re ....... ..................
20,440,834
+ 1-1
12,120,514
11,218,003
13,956,769
-10*5
16,619.42" -1+0 B u f f a lo ............................;
3,124,984
6,309,886
1,229,619
799,096
+7*7 j 3,138,936,676 3,741,170,446 -16*1 W a s h i n g t o n . . . . . . . . . . . . .
1, 227,278
1,133,969
R o c h e s te r......................... !
725,000
653,793
-19*1 S y ra c u s e .............................
P h ilad elp h ia.. 239,815.680 231,740,829 +3*5 1,949,625,836 2,410,936,
529,721
649,124
-8*5 W ilm in g to n ..................... .
488,252.
446.881,439
54, 774,064 -t-0’1
54,832,863
B altim o re.......
267,600
232,600
—9*6 B in g h a m to n .......................
475.961,
430,159,8i>6
40,723,127 +■21*3
49,393,009
P itts b u rg ........
594,755
-41*3 S c r a n to n * ........................j
269,999.
158,404,569
47*5
31, 077,261 —
18,404,024
Buffalo.........
i - 22*7
69,996,
54,104,621
4,870,025 +27*1
W a sh in g to n ..
6,201,545
66, 809,980
68,200,733
T o ta l M id d le ...............
-9*8
48,469,829
53.752,
5,715,720 +8*7
6,215,450
R o c h e s te r. . . .
15*3
33.752,
28,585,542
3,186,753 +13*0
3,600,000
S yracuse.........
66 ,795,335
87,956,680
—22*7 C h io ag o .............................. I
31,391,
15*6
24,280,887
2,842,531
3,367,226 —
W ilm in g to n ..
6 ,914,150
10,307,750
+16*4 C in c in n a ti..........................
9,880,
11,495,800
1,215,900 + 8*6
1,320,600
B in g h am to n ..
2, 610,188
4,005,858
M ilw a u k e e ........................
6,000,000 4 .077.017
T otal M iddle 380.e25.702 376,670,905 +1*0 3,152,011,329 3,843,922,987 -180 D e tr o it................................
3. 570.017
4.300.000
C le v e la n d ...........................
2 .085.000
2,662,400
Chioago........... 378,847,246 287,015.717 +32*0 2,782,513,345 3.212,317,317 —13*4 C o lu m b u s...........................
1. 103.000
3*9 P e o r ia .................................
2.300.000
426,934,800
444,395,400
32,H47,3C0 +61*8
53,141,850
C incinnati.......
1, 006,788
1,229,155
252,703,097 —43.5 I n d ia n a p o lis ......................
142,882,310,
11,840,060 +50-0
17,745,560
M ilw aukee....
507,615
615,379
230,513,533 -18*8 G ra n d R a p id s ...................
187,219,92'
22,501,102 + 20-4
27,100,000
D etro it............
206,096
355,841
154,761,184
192,642,052 - 1 9 7 L e x i n g t o n . . . ...................
20,462,055
17,677,584 +15*8
C le v ela n d .......
200,000
229,676
110,240,100
110,537,700 —0*3 S ag in a w ..............................
9,402,300 -t-33-5
13,025,100
C olum bus.......
221.596
286*662
60,9)9,485
57,315,797 +6*3 B ay C ity .............................
5,677,179 +58*5
9,000,000
P e o r ia .............
85 , 0o0
175,858
42,389,575
40,785,224 + 3*9 A k ro n ...................................
6,283,673
4,129,758 +27*9
Indianapolis...
118,605
91.243
26,335,858
32,353,1 0 —1 8 6 S p rin g field , O ....................
3,270,245 -0*5
3,251,300
Brand R apids
100.000
11,952,586
12,849,450 - 7 0 C a n to n .................................
126.7.
835,481 +109*
1,746,396
L e x in g to n . . . .
9,639,611
12,607,672 —23*5
1,191,295 + 10-0
1,310,861
S a g in a w .......
89,630,407
T o ta l M id d le W e s te m . 119,623,358
8,911,190
10,462,651 —14*8
963,967 r23*7
1,192,278
Bay C ity........ .
5,713,785
363,863 +92-4
8,149,123 -29*9
700,000
A kron...............
12,089,243
13,601,421
ra
o .................
21*2 S anr tFa nndc.is.c.....................
5,340,380
6,780,961 —
1*
551,965 -+ 0 6
610,445
S p ringfield....
649,006
795,683
..
5,562,450! —8 9 P o l
5,064,53*
481,176 +89*2
621,456
C anton............
540.000
1,032,960
S a lt L a k e C ity ................
387,301
447,159
Tot.M .W est. 534,041,220 398,748,992 1-33*9 3,980,818,670 4,629,975,497 —14*0 S e a ttle ...............................
383,750
463,155
T a c o m a ..........................
481,191,1
-11*3 Los A g e le s .....................
613,133
427,038,028
559,246
49,298,818 +15*3
San Francisco.
56,840,314
300.000
55,646,129 —41*5 H e le n n ...............................
32,525,865
2,730,459 +60-0
507,124
P o rtla n d .........
4,369,295
10*8 S p o k aan e .,............
42,010,013 —
171,499
2,500,000 1-69*1
37,470,848
217,010
Salt Lake City
4,226,168
31,522,036 -42*7 S io u x F a lls .....................
18,065,645
105,790
2,178,793 - 5 ‘2
113,691
S eattle.............
2,065,64 L
26,411,491 - 2 9 6 F a r g o * .............................
18,5S2,106
1,775,110 +26*4
129,387
T acom a..........
2,243,911
2,884,165 -rl3*3
30,841.232 - 3 0
20,908,551
Los A n g ele s..
3,267,723
15,238,723
17,737,399
T o ta l P a o ific ................
-25*7
26,314,735
2,000,009 +37*7
19,555,732
H ele n a...........
2,754,856
941,610 •+ 0 2
24,649,885 —63*8
8,916,676
2*
Spokane........
1,131,716
9,270,460
6,104,637
487,909 1-15*5
5,215,624 - 1 8 9 K a n s a s C ity .....................
4,238,178
563,613
Sioux F a lls ...
3,670,05s
5,061,888
M in n e a p o lis ....................
596,291,629
723,803,105 —17*6 O m a h a ...............................
3,662,313
64 , 796,864 +19*5
3,722,183
T otal P acific
77,463,237
3,026,089
1,858,787
P a u l .............................
—5*0 S t. n v e r...............................
326,221.,803
309,846,892
23,386,060 +79*3
1,376.343
K ansas C ity..
41,930,089
2,114,371
216,893,1,467 - 19*1 D e lu th ..............................
175,543,588
16,013,731 +37*4
1,298,095
22,000,939
2,511,017
M inneapolis..
Du
212,855, ,770 - 23*2 S t. J o s e p h ........................
15,773,566 +15*81 163,507,344
1,314,678
Omaha............
1,274,062
18,268,315
149,156. ,404 —24*9 S io u x C ity ........................
112,047,138
9,702,310 +53*3
St. P a u l.........
14,875,700
302,964
456,184
91,256,049
146,798, ,181 —37*8 D es M o in es.......................
6,497,415 + 68*!
D enver............
801,887
10,967.039
607,793
68,483,247
67,772. ,343 + 1*0
6,415,207 +63"
D u lu th ....
300,469
10,500,000
320,000
L
o ln
51,054,497
62,318! ,687 —18*1 Win ch ita..............................
5,143,068 +26*7
284,859
St. Jo se p h ...
6,514,566
323,765
ic
..............................
21,820,976
31,449! ,015 —30*6
1,422,992 +65*5
485,202,
Sioux C ity ...
2,355,143
605,808
34,671,722
2,536,786 +80*9
33,059, 945 + 4 *« T o p e k a ........ .....................
4,587,821
81.162
47,196
Des M oines. .
15,202,995
17,723, ,753 —14*2 F r e m o n t............................
1,700,146 -6*7
1,603,203
L in coln..........
21 , 246,614
29,515,556
T o ta l O th e r W e s te r n .
16,820, ,557 —14*3
14,417,632
1,403,551 - 8*8
1,280,000
W ichita...........
16,555,577
13,074, ,429 + 26*6
1,043,838 +123
Topeka............
2,382,542
14, 913,168
16,665,835
2,8S7,112
3,175, 336 - 9*1 S t. L o u is ..........................
291,877 +11 0
324,108
F rem o n t.........
4 , 182,321
4.272,246
2, 212,488
317,974 —16*1
1,857, 503 + 19 + N ew O rle a n s ................... .
270,000
E m poria.........
2, 991,851
5,603,752
91,618,521 +50*5 1,079,487,257 1,299,177,193 —16*9 L o u isv ille .........................
1 ,466,542
T o t.o tn ’r W. 137,859,465
2,100,000
G a lv e sto n ..........................
1352,157
2,207,850
H o u s to n .............................
785,125,426
68,744 ,079 +31*2
780,187,596 - 5*8
St. L o u is.........
90,168,560
2 , 155,015
1,818,587
270,034,091
21,963 ,750 +5*3
327,230,848 - 17*3 R ic h m o n d ..........................
23,117,990
New O rleans..
668,056
1,107,375
211,207,115
11,750,,514 +128
229,116,002 - 7*8 S a v a n n a h ........................ .
26,796,942
345,946
Louisville........
774,897,
M em p h is........................... .
68,659,708
6,614 ,425 +14*7
86,120,877 —20*3
G alveston.......
7,471,537
600,000
686,490
60,346,309
5,847,,290 +9*1
76,490,235 - 21*1 N a s h v ille ...................
6,379,045
H o u s to n .........
495.379
630,884
8,226,,926 -0*3
75,224,736
79,851,516 - 5*8 A t l a n t a .............................
8,200,000
Richm ond . . . .
591,797
668,385
N o rfo lk ...............................
54,861,704
3,394.,867 + 52*6
48,511,024 + 13*1
8 a v a n n a h ... .
5.177.678
567,937
827,744
lla
2,031 ,333 j-1 2
2 * 55,594,9*3 59,632,070 — 6*8 D aacos ..................................
4,523,249
M emphis.........
401,560
475.000
....................................
30 ,655,482
1,931 ,956 +83*8
49,833,1)6 —38*5 W
3,551,871
N ash v ille.......
350,000
467,705
33,733,298
40,950,461 - 17*6 F o r t W o r th ......................
2,616 ,890 +29*4
3,394,840
A tla n ta .........
231,992
44,399
30,854,109
3,327,,791 -5*9
30,215,969 + 2*1 B irm in g h a m .....................
3,131,815
N o rfo lk ..........
287,810
127,959
37;348,519
3,278,196 +46*3
34,269,449 +9*0 J a c k s o n v il le ....................
D allas............
4,795,500
166.000
95,875
18,862,435
W aco...............
1,643,,187 + 21*7
18,760,493 -f 0*5 C h a tta n o o g a ,.................. .
2 , 000,000
38,981,531
31,350,962
21,667,834
F o rt W o rth ...
1,417 ,319 1-61*5
19,858,055 +9*1
T o t a l S o u t h e r n ...........
2,288,238
10,349,100
306
+ 264*
16,201,406 —31*9
1,118,858
B irm in g h am ..
13,726,127
904 ,724 +52*8
14,407,802
4*7
1.382.679
Ja c k so n v ille ..
T o t a l a l l .......................... 767,405,013 700,428,352
6,768,934
12,837,6*0 —4 + 2
683 ,020 +14*9
784,726
C h attan o o g a..
O u ts id e N ew Y o r k .... 349,030,011 293,491,288
T o tal S o u th . 194,283,528 144,583,166 +34*6 1,735,499,920 ,923,473,659 —9*8
T o tal a ll....... 3,564,122,290 3,376,460 ,562 +5*6 29,346,522.839 1,879,727,121 - 24*5
8,339,173
9,235,449
O utside N . Y. 1,692,5)2,940 1,418,421 ,526 + 19*3 13,683,045,481 1,161,522,787 —15*3 M o n tr e a l...............
4,505,664
4,156,461
T o r o n t o .................
1,046,096
1,004,515
H a l i f a x .................
Montreal....... 44,383,794 47,414,660
333,304,565 —0 0 H a m i l t o n ..............
344,830,738
1*
583,160
550,000
Toronto........ 21,779,292 23, 156,707
182,521,457
208,909,404 - 12*6 W in n ip eg .* ............
H a lifa x .........
5,414,015
5,407,770
38,368,376
40,326,767 - 4*9
14,474,093
14,946,425
Hamilton......
T o t a l C a n a d a ..
2,847,937
2,546.135
25,208,061 —
22,536,967
10+5
Tot. C anada.
74,116,991
78,833,819
588,257,538
657. 747,797 —10*6
N o r t a b le o f c l e a r in g s by t e le g r a p b se e P a g e 3 97«
* N ot included in totals.
B oston............
P ro v id en ce...
H a rtfo rd .......
New H a v e n ..
Springfield...
W o rc e ste r....
P o rtla n d ........
F all R iv e r___
L o w ell...........
New B ed fo rd .
T o tal N . Kng

Week End’g Aug. 25.

+6*7
+328
+18 6
+ 29 2

—
21

-4*5
+23 3
+15-9
+15 9
-5 2
+8 3

+ 2*8

+ 33 0
+80
—5o*5
+53.8
+82
+ 10 9
-18*4
+15 0
"+ 2+
+317
+48*4
+ 53 5
+22 6
+20 5
+28 0
+108*6
+2 2 1
+21 2

+72*7
+14 8
+203
+106*9
+23*1
+26 8

+33 5
+125

+ 22*6
+ 91*3
1- 15*5
+ 21*0
- 8*8
+69 0
+26 5
+7 5

+ 16 4
+51 9
+37*9
-

1*6

+62 8
+536
r 93*4
+3 2
+60 6
+57 9
+6*5
+13*7

+21*8
-22*8
+389

+ 11*8

+2 1
+87*3
+43*2
+63*3
-15*6
+658
+124*0
+14*4
+27*4
+12 9
+45 7
+18 3
+33*6
+422*5
+124*9
+61*7
+ 24 3

70,870,675
8,759,600
1,487,443
1,079,107
940,054
9L5.127
1,123,369
569,663
493,917
266.409
81,505,364
53,074,937
11,823,289
11,179,912
3,560,243
1,207,164
1,009,238
685,000
675,909
294,700
747,806
83,510,422

+28*7
+12-3
+15*»
+7*4

+2*8

+ 0*1
+23*9
+42*2
+17*8
-6 * 7
+26*3

+ 11*0
+43*4
+4*4
-45*0
+41*1
+13*2
+ 20*2

1-8-0

+23*8

+ÎË3

78.757,562
+34*9
12,782,000! +103*3
4,169,506
+69*6
5,656,730 +23*0
1-37*3
4,977,327
+56*2
2,784,600
2,600,000 +130*3
1,1*5,214
+17*8
774,447
+28*1
+96*0
338.819
+30*2
256,726
239,910
+ 2 a*8
+77*3
230,471
135,821
+46*0
139,960
+43*7
+42*4
114,889,096
11, 396,577
917, 56 s

967,490
500,000
506,04*
571,367

608,976
2 * 1,116

100,723
113.185
15,812,861
9,660.890
4.692,824
4,138,008
3,583,430
2,184,199
2,392,094
1,307,348
*57,235
917,613
318,911
316,*43
516,223
62,696
30, 548,514

+28*0
+62*8
+80*5
+9*5
+42*8
-16*8
+117*5
+42*2
—7*3
+31*1
+87*2

+*8*2

+15*3
+8i*3
+35*1
+661
+307
+65*3
+91*4
+ 10*8
+5*7
+11*3

+11+
+56*9

+29*3
17,869,146
+130
4, 432, 3*3
6 , 927,034 + 202*0
+12*5
1 ,623,615
+33*7
1 , 650,009
1, 834,271
+64*2
1 , 134,434
889,519 +189*5
781,198 +«>0*2
666,967
+7*6
696,490
+56*9
936,189
+32*7
494,723
+70*7
500,000
256,017 +404-7
+90*3
288,149
1-53 6
148,006
41 , 128,091

4-10*0

4-47*9

+43*0

+9*5

791. 087.126

+ 39 +

+18 9

367, 394,3*8

+ 30*3

+10*7
-7 * 8
-4*0
-5*7

10,634,092
5,938,868
1,221,760
505,185
884,131
18, 299,905

+7*8
+35*1
+3*9
-15*2

+3*3

+14*2

THE CHRONICLE.

390

I VOL. L IX .

can be sent by register l mail and insured, or it may
be that the Clearing House can deal with express com
The evidences of increasing business activity are panies for the whole body of banks and secure a much
multiplying and becoming more marked day by day. lower rate for the entire business than the banks siDgly
The most conspicuous illustration is the dry goods could obtain. However in the end that may be settled it
market. We referred to it last week, and have also is expedient and proper that the large and small notes
remarked upon the development in progress there on should be freely exchangeable. We have always looked
several previous occasions. Bat this week the demand upon the old system as highly objectionable, but sincehas broadened and strengthened. There is nothing of our currency was so thoroughly artificial, the less valu
a speculative character apparent, yet buyers have almost able half increasing monthly in volume, we felt that it
shown the characteristics of the brokers’ scramble might be needful and hence was permissible as a tem
which we described last week to get merchandise out porary contrivance for retaining the convertibility of
of warehouse. Of course old accumulations have de the two unequal dollars. We are glad to see that Mr.
creased and prices have risen, the latter not because hold Carlisle appreciates the change in the situation which
ers have sought to work the market up, but because the the repeal of the silver-purchase law and his enlarged
conditions seemed to force an advance. It will be remem income introduce and permit.
bered that we referred to print cloths last Saturday. Those
What the country requires as a preliminary to a con
*goods have scored further improvement in price and tinued and unfitful prosperity is to be put back to and
a further decrease in stocks. It will be remembered that under the control of natural influences in all commer
on August 10th the stocks of print cloths at Provi cial and currency matters. Congress and the people
dence and Fall River were 1,169,000 pieces ; the price took a long step in that direction when the further pur
for 64x64s was 2fo. Last week stocks had been reduced' chases of silver were stopped. The Secretary is follow
to 950,000 pieces with the price at 2|-c. Now the ing up that lead by no longer depending as a means for in
stocks are reported at 726,000 pieces and the price yes creasing his gold reserve upon the method of forcing gold
terday was 3 cents. Nor is this improvement*confined out of the banks and into the Treasury. If, now*
to dry goods ; almost all other trades report improving the country could have a paper money system which
business and improving prospects, while the returns of was independent of the Government, in other words
railroad earnings we publish are indicating more if commerce could be left as nearly free as possible to
clearly every week how general the movement has make a device of its own, we could use the silver we
now have with our gold as bank reserves—removing
already become.
An important change has been made by Secretary all need for silver notes or silver certificates to
Carlisle this week which will facilitate the distribution make the silver dollars circulate—and any unnatural
of the currency lying idle in New York, will aid in a money market, like that which existed during
freer transfer of funds between commercial centres, the past year, forcing an unnatural outflow of gold,
and shows, besides, the Secretary’s confidence in would be forever at an end. As we are still suffering
the ability of the Government with its enlarged from the results of artificial and irredeemable currency
revenue not only to meet its engagements but to systems, no more favorable occasion could be found for
*perform all the currency functions with which the giving attention to their rectification.
Two weeks ago we published in this article some
Treasury is charged. Under the order just issued the
banks will be supplied at the sub-treasuries with small remarks upon the returns of the trust companies
notes in exchange not only for gold and gold certificates taken from the summary of their condition then just
but also in exchange for large denominations of issued by the Banking Department at Albany. Among
legal-tender notes; at the same time the special other things we showed the actual cash holdings in the
order of June 18tb, which extended the privilege of vaults of the trust companies of the State on the first
sending small notes by express from the Treasury at of July were only $10,888,032, whereas six months
Government contract rates on a deposit of gold and previous on January 1 they were $13,982,844, indica
gold certificates, has been rescinded. Heretofore under ting a loss in the six months of over three million
previous administrations, as well as this, it has been con dollars. Substantially this difference was accounted
sidered desirable, if not necessary, as a device for re for by a decrease during the six months of cash report
plenishing the Government gold reserve to grant a trans ed by one company of about two million dollars and of
In other
fer of.these small bills at the fifteen-cent express rate to another of about one million dollars.
all who would deposit gold for the notes. That busi words, of the currency which wa3 collected by
ness is now wholly done away with. The Treasury no them from banks or over the counter during
longer offers this cheap method of transfer as a kind of the period of distrust previous to the panic, the
premium for the gold, nor acts as agent for the banks amount mentioned had been returned before the first
in any particular, but the notes are supplied freely to of July last. We refer to this feature because of its
all comers for paper as well as for gold, and those who suggestiveness as a possible and perhaps a probable
receive them can retain them for home use or send explanation of the unaccountable changes in the Clear
them to their correspondents on such terms as they can ing House bank returns the last two weeks. The
restoration of confidence since the panic has been
make with the express companies, or otherwise.
This new order puts in operation a very sensible gradual, but has become much more nearly complete
arrangement and a peculiarly satisfactory one too, be since our revenue legislation has been finished. The
cause it places the Treasury in an independent position bank returns referred to have been quite out of accord
and leaves commerce to take care of itself. Commerce with known facts. The United States Treasury has been
always will take care of itself if left free to do so and accumulating a large reserve and a very considerable
with far better results than Government care can pro portion of it has been drawn from our city banks,
vide. In this case by leaving the transfer of the notes while at the same time, according to the
to tfee banks, the demands of trade will in the end figures we collect each Friday from the Clearing-House
work out a safe and cheap device. Perhaps the money institutions of the gold and currency received by them

THE FINANCIAL SITUATION.




'September 8, 1894.]

THE CHRONICLE.

391

from, and shipped to, the interior, the gain in that way doing a good business re-discouuting, and there is more
has been much smaller than the drain the Treasury has or less of a counter demand from customers whose
kept up. We have shown by our statements that for the paper rarely if ever comes upon the mirket. Quota
week ending August 25 the associated banks lost in tions are 3@3f per cent for sixty to niaety-day en
actual cash $3,955,000 and for the week ending-Sep dorsed bills receivable ; 3f@4 per cent for four months
tember 1 the loss was $4,486,000, or a net total for the commission house names; 3|@ 4 per cent for prime
two weeks of $8,441,000 ; whereas the banks reported four months and 4@ 4f per cent for prime six months
on August 25 a loss of $863,800 and for the week end single names and 4 f @5f per cent for g ool four to six
ing September l a loss of $850,800, or a total of months single names.
There has been no important feature in the
$1 714,600. May it not be that the difference here dis
closed is explained by the fact that savings banks or European markets this week; The Bank of England
other institutions have been depositing some of their minimum rate remains unchanged at 2 per cent, while
currency holdings (collected by them during or in antici the cable reports disoounts of sixty to ninety day bank
pation of the panic) in the associated banks during the bills in London 9-16@f of 1 per cent. The open
same two weeks that the Treasury has been drawing on market rate in Paris is l f @ l f per cent, while at Berlin
and Frankfort it is I f per cen t. According to our
their surplus.
special London cable the Bank of E igland lost £72,One feature in the time loan branch of the money
market this week has been even more liberal offerings 221 bullion during the week and held at the close of the
than heretofore of money on short dates maturing be w eek£39,813,878. Our correspondent further advises
fore the end of the year. The object of the lenders is us that that the loss was due to the export of £120,000
to have such contracts terminate before the demand to Egypt, to £'219,000 sent to the interior of Great
sets in, which is expected to be more urgent about Britain and to an import of £267,009, of which. £177,that time. The borrowing has not been stimulated 000 came from Australia and £90,000 was bought in
by such off erings, mainly for the reason that the ma the open market.
The market for foreign exchange has bean lower this
jority of those who require money are confident that
week, posted rates falling to about the lowest of the
the call loan rate will be kept if not at the
current figure at least low enough for their year. The decline has been brought about mainly
purposes; and hence they do not see any need through the absence of demand for remittance. The
for taking money for fixed periods.
Another supply has been fair, including some bills against pur
feature in the market for money has been chases of stocks by the arbitrage houses for European
the disappointingly small supply of really first-class account; drawings against investment stocks and
commercial paper. This is thought to indicate bonds, in which there has been a good business, indi
that merchants held good balances in banks and cating returning confidence ; a few bills agiinst grain
trust companies that they were able to use in shipments and moderate offerings against cotton
payment for duties on goods withdrawn from futures, the latter not being large because buying of
warehouses, for apparently they h a l no need to bor cotton by foreign spinners has been unusually
row for that purpose. They very likely made pro limited this season, but the bills for Sep
vision for such requirements long before the Tariff bill tember deliveries have been heavier this week
Of course with
passed, in anticipation of its passage, and when the than at any time recently.
measure went into effect it is presumed that the great money almest unlendable on call, and at very unsatis
majority had funds at their command upon which they factory rates on time, there ha3 been no inducement to
draw long bills, or in other words to go short of the
drew.
Money on call, representing bankers’ balances, loans exchange market, and consequently the supply has
freely and in any desired amounc at 1 per cent at the been confined to the sources above mentioned. It is
Stock Exchange and at I f @2 per cent at the banks and reported, however, that there has been some drawing,
trust companies. Renewals are uniformly made at 1 though not recent, of bills against merchandise bought
per cent at the Board.
In time loans, as above here by London merchants who have stored their goo ds
noted, the feature i3 more liberal offerings and borrowed from the foreiga bankers, giving the
on short dates, but the business is small though the warehouse receipts as collateral, and these transactions
competition is great, the foreign bankers, and have been large in American and Canadian chee3 e«
especially some of the Canadian banks, being in the While the market has been declining the question of
market. There is less disposition to loan for periods gold imports has been discussed. In the opinion of
extending far beyond the beginning of the new year, foreign bankers the further fall in rates will be gradual
and contracts for longer than six months are excep and it may be some time before the quotations reach a
tional, about the only business reported being a loan point at which gold can be imported at a profit, much
running to March at 4 per cent. Quotations for time depending, however, upon the volume of purchases of
money are I f per cent for thirty, 2 per cent for sixty securities by the arbitrage houses and for European in
and 2% per cent for ninety days; 3 per cent for four vestment account, and also upon the move
and 3@3f per cent for five to six months on first-class ment of cotton. Demand sterling will have to fall
collateral. Tne foreign bankers are offering money at about one cent and a-half per pound before any attempt
these rates, but the majority decline to loan upon any is made to bring gold from Europe. Tae market was
except really prime collateral, while domestic lenders easy on Tuesday at a fractional fall in rates for actual
are willing to take good S:ook Exchange securities, business and there was then a noticeable absence of
well margined, including industrials. The scarcity of demand and a little better supply of security bills. On
first-class commercial paper is noted above. There is Wednesday the tone was weak, though there was a
a good though not urgent demand, partly for the reason shade batter inquiry, chiefly from arbitrage houses who
that banks are disposed to wait for better rates than were remitting for stocks sold for European account.
those now ruling and also because many of them, and On Thursday morning there was a further fall in rates
especially those having Southern correspondents, are for actual business, these declining to the lowest points




392

THE CHRONICLE.

yet reached, but soon after the opening the marker
grew firmer on a revival of a demand for remittance,
and it was steadier at the close, with rates fractionally
better, especially for sight sterling and cable transfers.
The decline in nominal rates was not uniform, only
Brown Bros & Co. posting the lowest figures. Yester
day the market continued firm, with a further fractional
recovery in rates. The following table shows the daily
changes in the rates of exchange by leading drawers:
F ri..
M on.,
T u e s.,
W ed.,
A ug. 31. S ept. 3. S ept. 4. S e p t. 5.
(6 0 day s . 86
86 -5 «
85«
B ro w n B r o s ....
1 S ig h t..... 8 7 «
8 7 « -7
87
B aring,
5 60 d a y s .. 8 6 «
86«
86
M agoun & Co. ( S ig h t...... 87*4
87«
87
B a n k B ritis h
{60 d a y s .. 8 6 «
86«
86
N o. A m erica.. S ig h t...... 8 7 «
87«
87
B a n k of
[60 d a y s .. 8 6 «
86«
86
M o n tre a l........ ! S ig h t...... 8 7 «
87«
87
C an a d ian B an k i 60 d a y s .. 8 6 «
86«
86
o f C om m erce. 1 S ig h t....... 8 7 «
87«
87
H eid elb ach .Ick - $ 60 d a y s .. 8 6 «
86«
86
elh e im e r & Co 1 S ig h t...... 8 7 «
87«
87
8 6 « -6
86
L a zard F reres... f 60 d a y s .. 8 6 «
i S ig h t...... 8 7 «
8 7 « -7
87
M e rc h a n ts ’ B k. i 60 d a y s .. 87
86«
86
o f C a n a d a .... 1 S ig h t...... 88
87«
87

T h u rs .,
F ri.,
S ep t. 6. S ep t.
8 5 « -5 8 5 «
8 7 -6 « 87
86
86
87
87
86
86
87
87
86
86
87
87
86
86
87
87
86
86
87
87
86
86
87
87
86
86
87
87

The market closed firm on Friday at 4 85^@4 86 for
sixty day and 4 87 for sight.
Bates for actual
business were 4 85@4 85^ for long, 4 86@4 86^ for
short, 4 86^@4 8 6 | for cable transfers, 4 84£@4 84f for
prime and 4 84@4 84^ for documentary commercial
bills. Sales of cotton futures for December delivery
were made at 4 83-§-.
As bearing on the recovery in business noted above
we have for August a monthly statement of bank clear
ings showing an increase over the corresponding period
of the preceding year for the first time in fifteen
months—that is, for the first time since May 1893.
In the aggregate for all the clearing houses the
gain is 5'6 per cent, but outside of New York
the increase is as much as 19*3 per cent. Of course
last year the losses were very heavy, the decrease,
with New York included, having been over 25
per cent and without New York over 29 per cen t; but
it is pleasing to note that we have reached the end of
the long series of unfavorable returns and that now an
improvement has begun which promises to gain in
force with each succeeding week. The gain for Aug
ust, moreover, is especially significant, since during
a good part of the month business was still disturbed
by the uncertainties regarding tariff legislation. The
following gives the comparison of the clearings for each
month since the opening of the year.
M ON THLY CLEA R IN G S.

Clearings, Total All.

Month.

1894.
Jan u ary .
F e b ru a ry
M a rc h ........

1893.

Clearings Outside New York
P .C t

1894.

1898.

P .ib

$
$
$
$
4,068,181,471 5,968,187,238 —32-9 1,902,617,415 2,106,745,826 —28*0
3,218,544,305 6,098,277,150 -8 6 -9 1,494,504,515 2,081,382,851 —26-5
3,760,551,858 5,431,638,646 —30-8 1,711,740,802 2,188,942,064 -2 1 -6

1 st q u a r.. 11,047,277,629 16,501,103,034 - 3 3 1 5,108,862,232 6,622,070,241 —22-9
A p ril............ 3,723,023,081 4,967,848,991 -25-1 1,704,710,893 2,161,499,157 —2 1 1
M ay............. 3,894,862,381 5,297,638,327 —26-5 1,801,726,972 2,242,158,986 —19-7
J u n e ............ 3,601,917,318 4,566,770,943 -21-1 1,703,367,084 1,940,874,484 —12-2
2d q u a r... 11,219,838,783 14,832,258,261 -24-4 5,209,804,949 6,344,532,627 —17-9

clearings, and in the Middle States group of
places (outside of New York), though there is a
gain, it is trifling, reaching only Fper cent. In the
New England group the gain is a little larger, reaching
7*7 per cent. These are the parts of the country where
financial transactions are usually very prominent, and
where no very decided change could be expected thus
early in the revival of trade. But in the other sec
tions, where the clearings we may suppose consist to a
greater extent of purely mercantile transactions, the
ratio of gain is very large in most cases. Thus for
the Middle Western cities the increase is 33*9 per
cent; for the far Western group 50-5 per cent; for the
Pacific group 19-5 per cent, and for the South
ern group 34 *6 per cent.
Taking at random
a few leading points, we find Chicago showing 32 per
cent increase, Cincinnati 61*8 per cent, Milwaukee 50*0
per cent, Peoria 58*5 per cent, San Francisco 15'3 per
cent, Portland 60 per cent, Kansas City 79*3 per cent,
St. Paul 53’3 per cent, Denver 68’8 per cent, Duluth
63*7 per cent, St. Louis 31*2 per cent, Louisville 128
percent, Savannah 52-5 per cent, Nashville 83*8 per
cent, etc. Below we compare the aggregates for some
of the principal points for four years. It will be ob
served that while the results are rather irregular, a
few points show totals nearly as large as for 1892 and
larger than for 1891.
BANK CLEARINGS AT LEADING CITIES.

N ew Y o r k . ..
C h ic ag o .........
B o s to n ...........
P h ila d e lp h ia
S t. L o u i s ___
S a n F r a n ’co.
B a l tim o r e ...
P itts b u r g ...
C in c in n a ti...
N ew O rle a n s
K a n s a s C ity.
M ilw a u k e e ..
L o u is v ille ...
B u tta lo ..........
D e t r o i t ____
M in n ea p o lis.
O m a h a ..........
P ro v id e n c e ..
C le v e la n d ...
D e n v e r..........
St. P a u l ........

<
----- -------- A u g u st -------------- . ,-----J a n u a r y 1 to A u g .
1 894. 1893. 1 8 9 2 . 1 891. 1 8 9 4 . 1 8 9 3 . 1892.
$
$
$
$
$
$
$
1 ,8 7 2 1 ,958 2 ,5 3 4 2 ,4 0 3 1 5 ,6 6 4 2 2 ,7 1 8 2 4 ,0 2 2
379
287
429
3 6 2 2 ,7 8 3 3 ,2 1 2 3 ,2 7 3
316
293
378
3 5 7 2 ,6 9 4 3 ,1 9 6 3 ,2 4 4
240
232
283
241 1 ,9 5 0 2 ,4 1 1 2,501
90
69
105
98
735
780
797
49
57
73
79
427
524
481
55
61
55
63
514
447
488
49
41
63
51
430
505
476
33
53
56
48
427
444
485
23
22
28
23
271
327
308
42
23
44
310
326
36
318
12
29
18
27
143
253
224
27
12
31
211
25
229
251
16
31
33
32
158
266
270
27
23
34
30
187
231
229
22
16
33
27
217
262
176
16
24
18
164
213
189
17
19.
22
205
17
19
150
183
20
25
21
18
155
193
191
11
6
20
25
91
147
175
10
15
22
112
19
149
170

T o t a l ..........
O th e r c itie s..

3 ,3 6 9
195

3 ,2 2 3
153

4 ,3 3 2
216

3 ,9 9 8 !27,684 :3 6 ,966 ! 8,631 :3 4,089
3
183 1,663 1 ,9 1 4 1 ,8 9 7 1 ,657

T o ta l a U ...
O u ts id e N .Y .

3 ,5 6 4
1 ,6 9 2

I
3,876
:1,418

4 ,5 4 8
2 ,0 1 4

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

rOOO.OOOs

omitted.)

3,515,281,136 4,169.905,264 -15-7 1,671,885,360 1,776,498,893 —5-9
3,561.122.290 3,376.460,562 +5-6 1,692,512,940 1,418,421,526 +19-3

SALES OF STOCK AT THE NEW YORK STOCK EXCHANGE.
1893.

Values.

N im b e r

of Shares.

: : ,g

s -S !
"
V




1894.

Month.

Par.

A ctual.

N um ber
of Shares.

Values.
Par.

Actual.

1

When we come to examine the returns of the sepa
rate cities, by means of our detailed statement on the
first page of this issue, we find that the improvement
is especially marked in the remoter sections of the
country. The improvement has been very general, and
only 11 of the 75 places from which we receive returns
fail to record a gain. But in the East the increases
are, as a rule, quite small, while in the West and the
South they are very heavy.
New York City
is one of the eleven cities showing diminished

3 1 .— v
1891
$
20,931
2 ,817
3,068
2,136
730
577
474
447
432
326
287
191
244
249
203
198
138
176
167
152
146

As regards dealings on the New York Stock Ex
change, business was more active than for some time
previously, and in number the August share sales
exceeded those of any other month this year. As com
pared with the corresponding month last year, how
ever, the change bas not been striking, 5,034,810
shares having been sold the present year and 4,903,629
shares in August, 1893. The average of prices,
though, appears to have been higher, so that the market
value of the sales in 1894 was 308 million dollars
against only 26 ) million dollars last year.

6 m o n th s. 22,267,116,412 31,333,361,295 -28-9 10,318,667',181 12,966,602,868 -20 -4
A u g u st.

[VOL. LIX,

4,619,463
3,173,527
4,765,383

$
445,082,520
310,597,250
464,925,000

I s t q r 12,448,873 1,220,604,770
A pril...
M ay....
J u n e ...

4,024,651
4,808,808
3,395,727

396,238,500
465,310,050
336,156,400

2d qr. 12,229,186 1,197,704,950

$
257,323,270 10,583,961
186,671,636 10,742,925
281,106,748 7,390,694

$
964,551,825
886,537,950
667,797,100

$
705,648,12 i
566,749,945
453,432,872

726,101,554 28,717,580 2,518,886,875 1,725,830,945
219,543,882 6,271,083
324,363,706 8,972,435
239,451,431 4,823,997

691,037,380
856,148,250
454,188,600

380,697,813
466,085,607
253,852,274

783,368,959 20,067,515 1,901,874,230 1.100,635,694

6 m o s .. 24,677,559 2,418,309,720 1,508,460,518 48,785,095 4,420,261,105 2,826,466,639
J u ly .... 2,803,736
A u g u st 5,034,810

277,262,850
498.373,650

190,975,817 5,895,187
308.737.404 4,903.629

574,371,700
483.743,200

332,593,474
260,577,015

Septem

ber

8,

Returns of railroad gross earnings tell the same story
as the clearings. For the fourth week of August the
showing is the best we have had yet. The statement
is only preliminary, covering the 47 roads which have
reported thus far, but for these roads the increase is 7’49
per cent. Last year in that week our full statement
showed a very heavy decrease, namely 17 ’02 per cent.
But it is to be remembered that the increase
of 7'49 per cent now is made notwithstanding
a great falling of in the passenger receipts
of many roads, comparison being with the period of
the Fair last year, when passenger revenues were
swelled to large figures. Considering that fact, the
showing is a strikingly favorable one. For the month
of August preliminary aggregates which we have pre
pared covering 67 roads record a gain of 1*51 per cent.
Of course in most cases the earnings for 1894, though
better than for 1893, are smaller than those for 18&2,
but a few roads report the largest August earnings in
their history. In amount the gains over last year
are in a number of instances quite heavy—we may
mention among others the Louisville & Nashville
with $160,100 increase, the Norfolk & Western with
$100,796 increase, the Southern Railway with $148,032
increase, the Columbus Hocking Valley & Toledo with
$123,989 increase, the Denver & Rio G-rande with
$146,200 increase, the Missouri Kansas & Texas with
$135,578 increase and the Northern Pacific with
$177,460 increase. Of eourse there are also some large
losses, the Atchison reporting $253,081 decrease, the
Rock Island $255,946 decrease, the Canadian Pacific
$263,626 decrease, the Grand Trunk of Canada $177,908, &c.
Among the statements of net earnings for the month
of July which have come in since our last issue there
are several which make quite satisfactory exhibits.
The Louisville & Nashville, though having lost $258,306
in gross, reports an increase of $3,836 in net, owing to
a reduction of $262,142 in expenses. The Oregon
Improvement has $19,307 increase in gross, $12,480
increase in n e t; the Mexican Central $55,422 increase
in gross, $57,126 increase in n e t ; the Mexican National
$4,689 increase in gross, $7,548 increase in net; the
Kansas City Memphis & Birmingham $166 increase in
gross, $13,443 increase in net. The Grand Rapids &
Indiana has lost $28,847 in gross but gained $17,774
in net; the Denver & Rio Grande, with $40,030 de
crease in gross, has $24,880 increase in net; the Sa
vannah Americus & Montgomery, with $2,878 decrease
in gross, has $20 increase in net, and the Rio Grande
Western has $49,867 decrease in gross and $40,313 de
crease in net. Below we show the July gross and net
back to 1891 for the more important of the companies
here mentioned so that the reader may see how the
1894 results compare not only with 1893 but with 1892
and 1891 as well.
,------ ------------- July Earnings.--------------------,
Name of road.

1894.
$

D en v er & R io G ra n d e ........ •G ross
138,861
N et
135,593
G rand R ap s. & I n d ............
209,261
N et
50,608
K an. C. M em . & B irm ......... .G ross
73,061
N et
7,138
L o uisv. & N a s h v ille .........: G ross 1,128,903
N et
510,590
M exican C e n t r a l.................
635,811
218,165
N et
M exican N a tio n a l................
320,122
127,756
N et
O regon Im p ro v e m e n t C o .. ..G ro ss
376,980
92,835
N et
Rio G ran d e W e s te rn .........
118,019
Ne
41,713




398

THE CHRONICLE.

1894.1

1893.
$

1892.

$
178,891
770,576
110,713
300,122
238,108
277,231
32,831
81,960
72,895
71,322
def.6,805 d e f. 13,339
1,687,209
1,831,271
536,751
636,902
580,389
653,077
161,039
291,698
315,133
100,837
120,208
165,985
357,653
372,100
80,356
93,157
197,916
219,708
85,025
95,579

1891.
$
768,211
333,985
293,621
91,188
80,101
d e f .1,099
1,866,791
691,201
637,815
180,907
321,913
85,322
372,231
77,059
219,556
103,971

The following gives the week's movements of money
to and from the interior by the New York banks.

G old

Net Interior
Movement.

Received by Shipped by
N, T. Banks• N. Y. Banks.

Week Ending September 7 ,1 8 9 1 .

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

T o t a l g o ld a n d le g a l t e n d e r s . . . .

$ 1 ,6 0 1 ,0 9 0
6 0 0,000

$3,4 1 5 ,0 0 0 G a in .$ l,1 8 6 ,0 0 0
5 0 0 ,0 0 0 G a in
1 0 0 ,0 0 0

$ 5 ,2 0 1 ,OOol $ 3 ,9 1 5 ,0 0 0 G a in .$ l,2 8 6 .0 0 0

With the Sub-Treasury operations the result is as
follows.
Net Change in
Bank Holdings.

Out of
Banks.

Week Ending September 7, 1891.

Into
Banks.

B a n k s * in te rio r m o v e m e n t, a s a b o v e

$5,2 0 1 ,0 0 0
9 ,4 0 0 ,0 0 0

$ 3 ,9 1 5 ,0 0 0 G a in .$ l,2 8 6 ,0 0 0
12,4 0 0 ,0 0 0 L o ss. 3 ,0 0 0 ,0 0 0

T o ta l g o ld a n d l e g a l t e n d e r s ........ $ 1 4 ,6 0 1 ,0 0 0 $ 1 6 ,3 1 5 ,0 0 0 L o s s.$ 1 .7 1 4 ,0 0 0

The following table indicates the amount of bullion
in the principal European banks.
September 7, 1893.

September 6, 1891.

Bank of

Gold.

Total..

Gold.

Silver.

Total.

£
E n g la n d .........
F r a n c e ............
G e rm a n y .......
A u s t.-H u n g ’y
S p a in ...............
N e th e r l a n d s .
N a t.B e lg iu m .

Silver.
~J6

£

£

£

£

39,813,878
76,251,853
35,757,750
12,928,000
7.913.000
1.528.000
2,899,333

50,607,112
11,919,250
15,617,000
9.331.000
6.890.000
1,119,667

39,813,878
126,859,265
17.677.000
28.575.000
17.277.000
11.118.000
1,319,000

26,273,295
67.637.000
29,925,750
10.688.000
7.917.000
2.357.000
, 2,723,000

26,273,295
50.929.000 118,520,000
9,975,250 39.901.000
16.320.000 27.003.000
6.367.000 11.281.000
6.956.000 9.313.000
1.361.00 > 1.092.000

T o t.th is w eek 180,121,811 95,817,329 275,969,113 117,186,015 91,911,250 239,397,295
T o t. p re v . w ’k 181,523,822 96,358,916 277,882,738 117,618,288 92,089,833 239,703,121

TREASU RY FULLNESS AND STRENGTH.
If one wishes by a short method to realize how com
plete has been the change—we might almost say the
transformation—which has recently taken place in the
position of the United States Treasury, one need only
give a single glance at the Government revenue for the
last three months, and especially for the month of
August, last year and this year. We publish to-day the
monthly statement of receipts and disbursements in
usual form in our Miscellaneous News department. That
statement shows last year's receipts for August were
but $24,057,000, this year they are $41,051,000—or an
increase in the single month of about 17 million dol
lars. It was in June that the internal revenue receipts
gave the first evidence of better business conditions;
the Government income that month from that class of
taxes was $15,179,000, the largest in any month for
over two years. In July the receipts under the same
head increased to $25,200,000, and now in August they
have reached $27,562,000, bringing the total Government
revenue that month up to $41,051,000, as already stated.
We include in the general total for both years the re
ceipts on account of the national bank redemption
fund, the amount paid out of that fund being likewise
included under disbursements. Since that fund—-that
is its past accumulations—was as it were capitalized,
the monthly movement has become merely a matter of
income and outgo, as much a Treasury resource or ex
penditure as any other item in the Government ac
counts, and hence we include it in the table.
It is of course well known that this large increase in
receipts was chiefly due to revenue obtained from
whiskey taken out of bond in greater part because of
the higher tax about to become operative under the
new law. Some writers have consequently urged that
this revenue was obtained wholly at the expense of
future revenue, and that consequently the Government
income from distilled spirits has merely been antici
pated and therefore that the tax which was so produc
tive in August will yield correspondingly less during
future months.
Much the same argument is used
with reference to Customs duties on goods in bond, the
payment of which has been such a feature since the

8M

THE CHRONICLE.

[7

ol

. L1X ,

Tariff bill became a law. With regard to distilled August figures were made up the revenue has con
spirits one quarter of a year’s ordinary with tinued very free and the disbursements have also been
drawals, that is about 25 million gallons, in excess free, so that the September totals may very likely
of the ordinary consumption is probably an over-esti remain about the same as tto3e for August. After
mate of the amount taken out during the last three October 1, if not sooner, smaller disbursements may be
months. And if allowance were to be made for the anticipated, and probably in that month also smaller
decrease in the withdrawals daring the previous six or receipts.
eight months, and hence for the additional require
There is one other item in the Treasury account,
ments for consumption which more active business now the fluctuations in which were for a long time very
becoming so evident may make imperative, there would closely and nervously watched, but have now lost their
soon be no important excessive supply out of bond. importance. So long as the income showed a deficit
Indeed, the revenue from distilled spirits was about 11 the gold reserve caused wide concern. It is not large
per cent, or about 10 million dollars, less in the last yet, but is increasing slowly, and what is of more im 
fiscal year than in the previous one, the loss being portance is that the G-overnment inceme is abundant
chiefly in the latter part of the year, the total revenue not only now, but will continue to be, for the revenue
being $79,899,647 in 1893-94 against $89,231,300 in laws lately passed ensure a comfortable surplus. On
1892-93. Hence the recent withdrawals do not make a the first of September the net gold holdings
total taken out of bond in the last fourteen months were $55,216,900 ; on the sixth of September
much in excess of the amount taken out in the twelve they were $55,887,347;
on August 8 th they
months of 1892-93.
were at their lowest point, $52,189,500.
These
We have dwelt on this point to a greater extent than results show a gradual though small accumulation,
was perhaps needful because so many have claimed that which could easily be made more rapid and larger if
the recent increased payments of revenue from spirits the Secretary of the Treasury allowed a portion of his
and merchandise withdrawn from warehouse should be currency income to accumulate in his vaults for a time,
deducted from future anticipated revenue. The sugges which we assume will be done later on. But compara
tion so far as it relates to the fuller payments of Cus tively little interest is taken in the amount
toms dues is peculiarly weak. The entire imports of of the gold holdings, since every one knows that
merchandise in 1893-94 (and the goods in bond are a part with an overflowing
Treasury the
Secretary
of those imports) compared with the imports of 1892- can control the monetary situation. Mr. Carlisle has
93 showed a loss of 212 million dollars. In view of reflected the prevailing confidence on that point in
that fact it is in no degree remarkable that delayed doing away with the necessity for gold deposits by the
consumption should for a time force a pretty rapid banks in return for small notes. That method was
withdrawal of merchandise in warehouse.
Present quite necessary when the income was short and when
business conditions fully warrant that interpretation, there was a silver law in operation. Below we give our
for they point to resumed consumption, and that usual table of the Government cash holdings on the first
means a demand to replenish stocks, and also for a time of September and the three previous monthly dates—
larger than normal purchases, to provide for which all we have room for in our column.
June 1, ’94. Ju,ly 1, ’94. Aug. 1, ’94. Sept. 1, ’94.
a considerable draft upon supplies so recently taken
Holdings in Sub-Treasuries—
$
f
$
$
out of bond and warehouse must prove necessary.
N e t g o ld coin a n d b u llio n ............. 78,693,208 64,873,025 54,975,607 55,216,900
e
a n b u llio n .......... 11,972,281
18,077,149
But it is not alone that the receipts are so promising, N e t silvS. rTco insu ryd n o te s ............ 12,605,052 15,730,380 18,971,558 27,598,929
N et U.
re a
17,722,408 22,62-,699
the disbursements likewise are sure to Bhow a decrease. N et leg al te n d e r n o te s .................... 16,840,927 18,973,645 20,421,791 24,840,913
e n
o te s ................ 7,520,998
6,593,893
4,895,465
5,587|l62
They have been relatively large the last two months, N e tt f raatio n anlab a n k n r........ .............. 17,582,973 17,889,531 17,970,261 17,720,’835
N
c tio l s ilv e
and most likely will also be large in September. Large
T o ta l c a sh in S u b -T re a s ’s.net.145,215,499 141,787,882 139,763,281 149,021,883
disbursements are a feature in the beginning of any A m o u n t in n a tio n a l b a n k s ........... 15,484,095 18,121,589 15,913,725 15,724,648
k
fiscal year just as soon as the appropriation bills are D eC a sch inthBearnliasb& S ub-Tnreas.160,699,694 157,909,471 155,677,008 164,746,586
du t o
ilitie s * e t... 42,845,258 40,325,035 36,61i,664 37,598,439
passed. It will be noted that the disbursements ___A c t u a l ea sh b a la n c e ............117,864,336 117,584,436 119,065,352 127,148,097
classed under “ ordinary” were about 16f millions in * C hiefly “ d is b u rs in g officers’ b a la n c e s .”
July and l'9£ millions in August.
Probably those
totals cover a good many deferred payments for public THE M ILWAUKEE & ST. PA U L REPORT.
buildings and rivers and harbors, &c., which could not
In taking up the report of the Chicago Milwaukee &
be paid until the appropriations had become available St. Paul Railway Company, the first point to attract
by the completion of every formality for making the attention is that the comparisons with the year pre
bills laws. Last year the July and August disburse ceding are on a correct basis. The Milwaukee &
ments were considerably above the average, reaching Northern, comprising nearly 400 miles of road and
for the two months 73f million dollars. This year the earning gross about I f million dollars a year, was last
two months* total was only a little smaller, being very year merged in the St. Paul system, and its operations
nearly 70 million dollars, but the average for those formerly reported separately have since the first of July,
months no doubt was considerably above what it will’ 1893, been included in those of the St. Paul- As the
be after September.
year 1893 94 was one of extraordinary business de
Notwithstanding these unusual disbursements the pression, and the St. Paul in consequence of that fact
holdings of cash in banks and sub-treasuries show an sustained a very noteworthy contraction of its
increase in August of over 9 million dollars, being now traffic and revenues, the inclusion of so much addi
$164,746,536, and the “ actual cash balance ” an tional mileage could have been used to make the
increase of 8 million dollars in August and nearly 1^ result appear more favorable than it really was by in
millions in July ; that is to say, the actual balance is stituting comparisons with the previous year’s figures
now $127,148,097, or over 9f millions larger than it on the old basis—that is, without the operations of the
was on July 1, and over 14 million dollars larger than Milwaukee & Northern. But in its monthly returns the
it was on J uly 7, when it was at the lowest point company has from the very beginning presented the
touched during the present fiscal year. Sinc 3 the comparisons for the two years on the same basis of




j

Septem

ber

8,

1894.]

THE CHRONICLE.

395

mileage, and a like policy has now been pursued in the probability of a falling off in this item of tonnage
giving the annual statistics, all the figures for the pre in 1893-4 owing to the smaller sprihg-wheat crop in
ceding year having been changed so as to embrace the the territory traversed by the road. The figures now
Milwaukee & Northern, and thus make the exhibits before us show a falling off in aggregate wheat ton
conform to those for the late year. The management nage of no less than 551,820 tons, the total having
even give a four-year comparison of gross and net dropped from 1,492,698 tons to 940,878 tons. As in
earnings on the new basis.
the other cases, these figures include the Milwaukee &
This is as it should be. Comparisons of dissimilar Northern operations. We have not the statistics for the
figures are useless and misleading. And especially is earlier years on the same basis, but on the St. Paul by
this true in a period like that under review, when it is itself there had been an increase in this wheat tonnage
of the highest importance that security holders and the between 1890-91 and 1892 93 from a total of 708,162
public should know just what the effect of the adverse tons to a total of 1,476,071 tons. Besides the falling
conditions has been. We are thus particular in refer off in the wheat tonnage in the late year,
ring to the matter because some other companies simi the effects of smaller crops is also seen in
larly situated have not thought it needful to revise their various other items of agricultural tonnage—in barley
previous statistics, but have compared the results for where the tonnage declined from 612,465 tons to
the late year on a larger mileage with the results for 516,167 tons, in oats where there was a de
1892-93 on a smaller mileage, thus destroying entirely line from 464,246 tons to 410,020 tons, in rye a
the value of the comparisons as an indication of the decline from 64,316 tons to 45,185 tons, in flour a
course of traffic and earnin g3.
decline from 442,934 to 440,193 tons, in mill feed a
The report shows that gross earnings during the decline from 163,266 to 146,028 tons, in flax-seed a
twelve months fell off no less than $4,415,478—a loss decline from 140,811 to 116,909 tons, in dairy products
which was met by a reduction in expenses of $3,598,611, a decline from 50,070 to 47,753 tons, in other agricul
leaving a decrease in net of only $816,867. In the St. tural products a decline from 188,646 to 173,685 tons,
Paul case there was room for a great reduction in ex and in live stock a decline from 615,727 to 542,434
penses, as the outlays in the years preceding for re tons. In corn there was an increase from 256,107 to
pairs and renewals had been exceptionally heavy. This 468,017 tons, and in hay an increase from 158,315
will appear when we say that in 1892-3, with an in to 177,482 tons. But it is a noteworthy fact
crease of I f million dollars in gross earnings, there had that these two items, together with the ice ton
been no increase at all in net, but actually a small de nage, are the only items of any kind (or at least so far
crease, owing to the augmentation in expenses. as they are separately enumerated in the report) which
A fact bearing on the loss in gross re show larger totals for the late year than for the
ceipts should also not be overlooked; the loss year preceding. The aggregate freight traffic of all
comes after a very remarkable addition in revenues in kinds declined from 13,453,349 tons to 10,794,058 tons,
the two years preceding, this addition for the two and the heaviest contraction in any single article was in
years having reached 6f million dQllars, whereas the lumber, where the tonnage dropped from 2,579,238
late year's falling off, as we have seen, though large, tons to 1,781,492 tons—reflecting the effects of the
was only a little over 4 f million dollars. If, therefore, industrial prostration.
we compare the 1893-94 results with those for 1890-91,
Allowing for the miscellaneous income received,
we find a very considerable improvement in both gross total net income for the late year was $11,218,481.
and net. It is here that the company's four-year com The fixed charges for interest on bonds were $7,503,parison is very useful, for it shows that while gross in 748, leaving a balance of $3,714,733. The dividends
the late year was $31,327,951, in 1890-91 (three yefars of 3 | per cent on the preferred shares and of 2 per cent
before) the amount was only $29,134,666, and while on the common shares, paid last April, took $1,826,490,
net is $11,213,618, in the earlier year it was but which, if deducted, shows $1,888,243 available for like
$9,757,527, the Milwaukee & Northern being included dividends the coming October. In other words, the
in all the figures.
Expenses in the three years income for the year is sufficient to pay all charges and
rose from $19,377,139 to $20,114,332; for main the full regular dividends of 7 per cent on the pre
tenance of way and structures $4,469,838 was ferred stock and 4 per cent on the common stock.
spent in 1893-4, on an average of 6,147
Financially the property, according to the balance
miles of road, against $3,931,737 in 1890-91, on an sheet, is in good condition. A year ago (that is on
average of 6,077 miles, and for maintenance of rolling June 30, 1893,) there were $3,240,000 of loans and bills
stock $2,698,459 was spent against $2,933,241. In the payable outstanding; on June 30, 3 894, the amount
two years intervening $3,814,927 had been spent for had been reduced to only $1,000,000. Last year pay-rolls
the latter purpose in 1892-93 and $4,032,786 in and vouchers aggregated $2,665,149 ; this year only
1891-92. For maintenance of way against $4,469,838 $1,669,179. Combining these with the other items of
spent in 1893-94 the expenditures in 1892-93 had been current liabilities, the total of the current liabilities is
$5,244,337 and in 1891-92 $4,456,857. From these seen to have been reduced during the year from
comparisons the inference seems warranted that the $9,452,798 to $6,358,868. As against this latter
outlays for the two years preceding were above the amount the company had on June 30, 1894,
average and not those for 1893 94 below the average.
$5,670,643 of cash and cash items, $3,676,586 being in
The falling off in earnings in the late year, as com actual cash ; it also held $3,990,800 of unsold bonds in
pared with the large earnings of the year preceding, its treasury. The report, as in other years, contains a
was of course occasioned chiefly by the general business statement showing in detail the expenditures charged
depression prevailing; but it was also in part occasioned to capital account during the twelve months. A new
by another circumstance. In reviewing twelve months departure has been the creation of an insurance fund
ago the results for 1892-93, we directed attention to the by means of which the company underwrites its own
great increase in the wheat tonnage of the road which fire risks ; the arrangement appears to be working wel[
had occurred during the two years then preceding, and and gives promise of satisfactory results.




396

THE CHRONICLE.

[V ol. LIX.

loss reduced gross earnings from 9£ million dollars in

DENVER & RIO GRANDE I N A YEAR OF 1892-93 to less than 6£ million dollars in 1893 94, and
DEPRESSION
net earnings from over 4 million dollars to only about 2$
The unfavorable events of the last twelve months
have served at least one useful purpose. They have
served to reveal the strength of position occupied by
some very important properties. The period has been
one of great trial for all our railroads. Too many of
them unfortunately could not stand the strain, and
consequently became insolvent and were unable to meet
their obligations. But others have come through the
struggle in good form, and have thus demonstrated
their ability to provide for their charges under adverse
conditions of exceptional and extraordinary severity.
The Denver & Bio Grande belongs to this latter class,
and its record for the year is in some respects a remark
able one.
In reviewing the report for the preceding fiscal year,
a great falling off in revenues for 1893-4 being then in
prospect, we pointed out what a large margin of earn
ings on the results for 1892-3 the company had to qncroach upon before fixed charges would become endan
gered. We also showed that wise action had placed
the property in condition where it was unusually well
prepared for the then impending crisis and period of
depression. The year 1892-3 had been one of the best
in the road’s historj—both gross and net earnings hav
ing been in excess of those of any preceding year, the
company ^had earned and was paying dividends on its
preferred shares, and it had succeeded during the
twelve months in extinguishing a floating debt of over
eight hundred thousand dollars in the shape of loans
and bills payable. But when the outlook changed the
dividends were immediately discontinued, and thus the
finances were freed from the possibility of embarrass
ment with the decrease in revenues and disorganized
state of trade.
The management ^foresaw—what was of course evi
dent to most careful observers—that their road would
be affected beyond almost all others by the very unfavor
able developments which had occurred. With the busi
ness of the whole country in a state of paralysis it*was
not likely that Colorado roads and Colorado industries
could escape being involved in the general depression.
But apart from that Colorado had a special adverse in
fluence to contend with in the complete unsettlement
of the silver-mining industry. As is known, that State
has long been an exceedingly large producer of silver,
and the great decline in the price of the metal and the
partial or complete suspension of mining at many
points was therefore a very serious matter. As far as
the Denver road is concerned, the effect was likely to be
particularly marked, as that system has nearly£the
whole of its mileage in that one State. It was not the
falling off in the traffic in silver ore and bullion that
was chiefly important but the effect of depression in
such an important industry in diminishing the general
volume of traffic.
We now find that the result of these various adverse
influences has been a loss in gross earnings for the
twelve months of $2,885,878 and a loss in net earnings
of $1,532,069. These losses are certainly very large,
but to appreciate their significance one must consider
them in their relation to the"road’s total earnings.
The Denver & Rio Grande is not a particularly large
system, and hence a loss of 2 f million dollars in gross
earnings and of over 1£ million hollars in net on it means
a great deal more than would a loss of the same amount
in the case of the bigger systems. In its case^the




million dollars. In other words, the road sustained a
decrease of its gross revenues of 30£ per cent and a de
crease of its net of 37'96 per cent.
Notwithstanding this reduction in the net earnings
from four million dollars to only 2^- million dollars,
the income statement shows that the company earned
all its charges for the twelve months and was able to
carry forward a small surplus ($87,661) to the credit of
profit and loss. And it is this fact that is particularly
gratifying as showing the strength of the company’s
position in this respect. President Jeffery thinks that
the percentage of decrease in earnings has been greater,
with possibly one or two exceptions, than that for any
other important system in the United States, and
the statement will not be questioned. He would
have been justified in going a step further
and saying that there are very few roads in the coun
try outside the regular dividend payers that could have
avoided bankruptcy under such a heavy loss in income
as the Denver & Rio Grande has sustained, absolutely
and relatively. The favorable result is all the more
noteworthy inasmuch as Mr. Jeffery asserts that in
arriving at the surplus of $87,661 every expense inci
dent to the operation of the road for the year has been
appropriately charged, including that incurred in June
on account of the disastrous flood in the valley of the
Arkansas River, but for which he says the surplus for
the year would probably have been between $160,000
and $170,000.
The accounts of the company are very clearly stated,
Mr. Stephen Little being Comptroller, and there is
also an e‘independent audit”—that is, the accounts are
verified annually’ by an independent auditor ap
pointed
by the stockholders at the annual
meeting. This plan has been pursued ever
since the incorporation of the company on July
12, 1886, and it is claimed that the Denver
& Rio Grande was the first American company to
adppt the English practice in this respect. With ref
erence to the reduction in expenses, amounting for the
year to $1,309,534, it is found that $808,708 occurred
under the head of “ Conducting Transportation.” Eor
maintenance of roadway $751,833 was spent against
$905,304, for maintenance of bridges and buildings
$94,417 against $141,518, for maintenance of rolling
stock $371,313 against $611,379, for contingent
expenses $100,931 against $110,972, and for general
expenses $253,339 against $303,485. The large de
crease in traffic, it is asserted, permitted the running
of fewer trains and entailed less wear and tear upon
roadway and equipment. The passenger cars, Mr.
Jeffery says, do not present quite so attractive an ap
pearance, upon the average, as in former years, “ but
two or three months’ work with an additional force in
the paint shop will, when expedient, remove this slight
cause for criticism, if such it be.” During the year
the company suspended the monthly appropriation of
$10,000 to the Renewal Fund and of a like amount to
the Betterment Fund, but it is the intention to resume
making these appropriations again when earnings shall
permit of such a course.
A conservative move has been the marking down on
the company’s books of the value of securities held.
There are $3,678,334 of these, and they would stand at
a cost of $2,092,737; for prudential reasons the amount
has been reduced $151,379, to $1,941,358. The issue of

Septem

ber

8, 1894. J

THE CHRONICLE.

the company s first consolidated mortgage bonds was
increased 1215,000 during the year and the issue of the
improvement mortgage bonds $53,500. The balance
sheet shows $50,000 of loans payable outstanding and
$100,000 of bills payable, and $1,735,963 of all current
liabilities, including the loans and bills payable. The
current assets are reported at $3,206,068, including
$369,497 of materials and supplies on hand; of the
total, $1,205,750 represents the estimated value of
$1,855,000 of Rio Grande Southern bonds held.
Bearing on the falling oif in traffic during the year
it is interesting to note how small have been the
-changes in the proportions of the leading items of
freight, both in tonnage and revenues, notwithstanding
the great decrease in the amounts of each. Aggregate
tonnage of all kinds dropped from 2,488,079 tons in
1892-3 to 1,739,253 tons in 1893-4, and revenues from
this tonnage fell from $6,569,573 to $4,529,162. The
coal tonnage (anthracite and bituminous) decreased from
1,100,044 tons to 763,829 tons, and the revenues from
the same from $1,502,661 to $1,022,104; the precious
ore tonnage fell from 314,336 to 236,578 tons, and the
revenue from it from $1,541,823 to $1,023,633; and the
merchandise tonnage fell from 138,329 to 99,374 tons
■and the revenue from it from $1,288,528 to $803,994.
The changes are large in each case, but in the ratios
which these items bear to the total tonnage and total
freight revenues the fluctuations have, as said, not been
very important; thus the coal freight in the late year
formed 43’92 per cent of the tonnage and 22*56 per
cent of the revenues ; in the preceding fiscal year the
proportions were respectively 44*21 per cent and 22*87
per cen t; precious ore formed 13*60 per cent of the
tonnage and 22*60 per cent of the revenues in 1893-94,
against 12*63 and 23*47 per cent respectively in 1892-3,
and merchandise 5*71 per cent of the tonnage and
17*75 per cent of the revenues, against 5*56 and -19*61
per cent respectively.
A favorable feature, as showing the agricultural deTelopment of Colorado, is found in the growth of
various items of agricultural tonnage. Of grain the
road carried 33,587 tons in 1893-94, against 30,484 in
1892-93 ; of flour 11,185 tons, against 10,118 tons ; of
fruits and vegetables 40,846 tons, against 19,085 ton s;
of live stock 49,167 tons, against 44,647 tons ; of pack
ing-house products 5,074 tons, against 2,648 tons ; of
poultry, game and fish 1,224 tons, against 554 tons,
and of sugar 21,780 tons, against 16,504 tons.
The growth in these items of tonnage at a time
when almost all other items fell off in a very marked
manner is significant. It indicates one wayin which the
people of Colorado can find compensation for the depres
sion in silver mining. Moreover returns for the current
fiscal year to date make it evident that considerable re
covery in business within the State is already under way.
The blow which the silver-mining industry received
was naturally very keenly felt. But it is now seen that
the State was not so exclusively dependent upon this one
industry as had been supposed—that abundant oppor
tunities exist for development in other directions. As
a result, greater activity in trade is again becoming ap
parent, and this is reflected in the weekly returns of earn
ings of the Denver & Rio Grande, the road after a year
of continuous losses having since the middle of July been
-showing steady gains. For the first week of that
month there was a loss of $63,700 and for the second
week a loss of $31,100, the railway strike affecting the
road in common with others. But for the third week
'there was a gain of $4,500 and for the fourth week a




397

gain of $50,200. In August there was an increase in
every week, the aggregate addition for the month
reaching $146,200. As far as can be judged, too, the
prospect is good for continued gains.
Clearings by Telegraph.—Stock Exchange Clearing
Souse Transactions.—The subjoined statement covers the
clearings for the current week, usually given on the first
page of the C h r o n i c l e , but which on account of the length
of the other tables is crowded out once a month. The figures
are received by telegraph from the leading cities. It will be ob
served that as compared with the corresponding week of 1898
there is an increase in the aggregate of 11*4 per cent.
So far as the individual cities are concerned New York ex
hibits an increase of 4*6 per cent, and there are gains at the
other cities included in the table, excepting Baltimore, Chicago
and New Orleans.
We<> Ending September 8.
7c

Cl e a r i n g s .

Returns by Telegrayh.

1894.

.

1893.

Per Cent •

N e w Y o r k ......................... ..........
B o s to n . . . . . . . . . . . . . . . . . . . . . . . . .
P h ila d e lp h i a ................................
B a l t i m o r e ....................................
C h ic a g o .......... .............................
S t. L o u i s ......................................
N e w ¡ O rle a n s ........................... .

$337 ,7 1 8 ,6 6 4
53,814,432
55,154,873
9,768 ,1 2 0
73,036,380
17,997,408
4,054 ,0 4 7

$322,995,228
4 6,376,316
51,767,461
10,263,217
74,092,143
15,107,509
4,181,013

+ Í6
+ 16*0
+ 6*5
— 4*8
- 1*4
+19*1
— 3*0

S e v e n c itie s , 5 d a y s ..........
O th e r c itie s, 5 d a y s .............

$551 ,5 4 3 ,9 2 4
118,407,293

$ 5 2 4 ,7 8 2 ,8 8 7
9 0,461,274

■+ 5*1
+30*9

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

.$ 669,951,217
145,111,726

$615,2 4 4 ,1 6 1
116,280,943

+ 8*9
+ 24*8

T o ta l a ll citie 3 f o r w e e k ..!

$ 8 1 5,062,943

$731 ,5 2 5 ,1 0 4

+11*4

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the eight
months of the current year are, however, given below and for
purposes of comparison the figures for the corresponding
period of 1893 are also presented.
Eight Months, 1894.
Description. P ar Value
or Quantity

A ctual
Value.

Eight Months, 1893.

A ver’ge P ar Value
Price. or Q uantity

A ctual
Value.

A v e r’i e
PrUe.

32,516,105
59,583,911
atoCk { Val? 13193916220 } 2008173734 62*2 { $5478,376,005 ^ 3409637128 62*2
$24^,885,500 $184,056,784 75*1
KR. bonds.. $226,173,300 $163,890,327 72*5
$3,988,409 121*8
3-ov’t bonds $3,274,900
$1.620,300
$1,785,446 110*2
$3,018,663 45*3
S tate bonds. $6,666,500
$1,381,300
$903,861 71*0
$426,335
$745,191 174*8
Bank stocks
$591,745
$910,766 1539
$5730,758,350 $3,597298985 62*3
T o t a l. .. $3430187255 $2,179816224 63*5
507,000
$419,907 82 l-5 c.
P et’l’m.bbls
7,432,000
$4,602,435 61 9-160
C otton..bis. 19.518.400 $739,773,139 $37*81
30,208,100 $1289541630 $42*08
G rain, bush. 1074,095,475 $649,993,697 60JáC.
1,017,462,375 $743,517,795 73?iO.
Total value
$3570002,967
1
$5,634760’45

The transactions of the Stock Exchange Clearing-House
from August 27, down to and including Friday, September 7,
also the aggregates for January to August, inclusive, in 1894
and 1893, are given in tabular form below.
STOCK EXCHANGE CLEARING HOUSE TRANSACTIONS.

< Shares, both sides.—*
—
.

-------- B alances, one side. ------- P arties
Total Value. Shares. V alue Shares. Cash. Clear'ng

Cleared.
Uonth—

$

$

$

210,700,000
172,701,000
167 900,000
153.300,000
161,110,000
90,200.000
88,100,000
73,900,000

3,300,500
3,529,000
3,781.100
2.331.000
4,870,100
1,789,800
2,752,500
2,329,200

Ja n ., 1893.
Feb., 1893.
M ar. 1893.
A pr., 1893.
May, 1893.
Tune,1893.
Ju ly , 1893.
Aug. 1893.

28,544,500
25,108,900
21.591.100
20.802.500
28,209,500
17,190,700
19,685,700
17,569,400

2,061,709,000
1 741 400,000
1,690,000,000
1.421,300,000
1,738,900,000
.,016,900,000
1,100,000,000
961,300,000

3,000,000
2,587,900
2,793,800
2,311,300
2,869,500
1,682,000
1,796,300
1,470,200

8 m o s ....
J a n ., 1894.
Feb., 1894.
M ar. 1894.
A pr., 1891.
May, 1894.
J a n e 1391.
Ju ly , 1394.
Aug. 1894.

181,702,300
18,363,000
12,817,600
16,912,900
11,728.000
19,140,800
13,185,700
10,911,100
18.370,200

11,737,509,000
1,088,600.000
781,800,000
1,076,411,000
868,700,000
1.250,300.000
812,800,000
734,700,000
1,185,100.000

18,121,000 1,117,911,000 24,686,200
1,351,000
69,100.000 2,041,000
1,035,100
56,200,000 1,3,06,900
1,452,100
81.801.009 1,928,700
1,364,300
77.200.000 1,418,900
1,551,100
91,700.000 1,9 38,509
1.147.800
65,300,009 1,184,000
938,500
57,0 70.000 1.338,5 10
1,580,300
96,900,000 2,161,990

52,571
6,83k
5.50Í
6,585
6,101
6.389
6,033
5,853
6,953

10,413,509 595,270,009 13,693,409

51.010

8 m o s .... 124,459,600 7,781,741,000

6.33 9
6,151
7,080
6,005
7,200
6,395
6,015
6,882

.— Shares, both sides .—>

.------- Balances, one side. -------- .Parries

Cleared. Total Value.

Shares. V alue Shares. Cash. Clear'ng

$
A ug. 2 7 . .1 ,1 6 1 ,7 0 0 5 9 ,6 0 0 ,0 9 0
“ 28 . 9 6 9 ,6 0 0 4 9 ,8 0 0 ,0 0 0
“ 2 9 ... 6 8 2 ,2 0 0 3 8 ,7 0 0 ,0 0 0
“ 3 0 . . 9 2 2 ,6 0 0 6 >,000,000
“ 3 1 .. 7 5 e ,9 0 0 5 1 ,8 0 0 ,0 0 0

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

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

325
307
302
320
305

T ot. w k . .4 ,4 8 7 ,0 0 0 2 6 4 ,9 0 0 ,0 0 0
W k la8 ty r4 .0 3 1 .7 0 0 :2 3 0 ,9 0 0 ,0 0 0
S ep t.
••
“
“
“

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

3 9 7 ,1 0 0 2 3 ,1 0 0 ,0 0 0 4 6 5 ,5 0 0 1 ,5 5 9
3 4 7 ,5 0 0 1 7 ,2 0 0 ,0 0 0 5 1 0 ,4 0 0 1 ,5 2 0
.......................... H O L ID A Y .......... ...........
6 8 ,3 0 0 ,0 0 0
9 4 ,2 9 0 6 ,4 0 0 ,Ou 0 1 3 3 ,9 0 0
304:
4 4 ,5 0 0 ,0 0 0
7 1 .1 0 0 4 ,3 0 0 ,0 0 0 1 0 8 ,2 0 0
299
3 8 ,2 0 0 ,0 0 0
5 3 ,8 0 0 3 ,4 0 0 ,0 0 0 4 5 ,0 0 0
289
5 9 ,4 0 0 ,0 0 0
6 8 ,0 0 0 4 ,0 0 0 ,0 0 0 1 0 8 ,7 0 0
309

Tot. w k...3 ,0 8 9 ,2 0 0 :2 0 8 ,4 0 0 ,0 0 0
W k la sty r4 ,2 3 6 ,3 90 2 4 4 ,1 0 0 ,0 0 0

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

1 ,2 0 1
1 ,2 6 0

398

THE CHRONICLE.

COTTON MOVEMENT AND CROP OF 1898-H.
Our statement of the cotton crop of the United States for th e
year ending Sept. 1,1894, will be found below. It will be seen
th at the total crop this year reaches 7,527,211 bales, while the
exports are 5,281,494 bales, and the spinners’ takings are
2,337,300 bales, leaving a stock on hand at the close of the year
of 183,737 bales. The 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, 1894, the receipts at the ports for each of the past two
years, and the export movement for the past year (1893-94) in
detail, and the totals for 1892-93 and 1891-92.
Receipts for Tear
ending—
P o rts.

Sept. 1,

Sept. 1,

1894.

1893.

L o u isian a.. 1,893,094 1,602,079
199,125 171,583
A la b a m a ...
T e x a s ......... 1,067,730 1,103,724
37,797
31,328
F lo rid a —
G eo rg ia— 1,063,297 925,369
423,283 292,134
So. C ar’lin a
N o.C ar’lin a
228,184 188,035
V ir g in ia ...
707,262 496,493
N ew T o rk .
70,529 *49,807
B o s to n .......
101,851 *120,056
02,826 *70,056
B a ltim o r e .
69,411 *73,212
P h lla ..........
P o r tla n d .,.
S .F r ’ncisco

Exports T ew ending Sept. 1, 1894.
Great Chan France Other
Britain. nel.
Foreign.
781 922
33,574
557,346

411,949

98,361
500
150,346
35,247
232,191
16,206
05,028 3,281
281,297
300
360,772 184,737 19,498
227,978
43,997
6,034
26,298
557

Stock
Sept. 1

Total.

1894.

442,940 1,030,811 30,767
1,080
34,660 2,788
155,661 811,308 20,313
500
402,039 587,6?2 9,223
156,050 404,453 11,740
99,095 167,404 1,375
36,537 318,184 2,721
277,128 792,135 92,480
2,860 233,844 2,850
150,266 206,297 8,000
7,683
33,981 1,480
6,668

7,225

T o ta ls —
T h is y e a r 5,983,392
2,761,306 138,018 588,145 1,744,025 5,231,494 183,737
L a st year
5,124,476 2,332,065 70,759 548,407 1,451,059 4,402,890 243,271
P r e y . y r.
7,157,542 3,330,500 79,320 092,304 1,702,785 5,864,921 416,530
tW~ * T h e se figures a re o n ly th e p o rtio n o f t h e re c e ip ts a t th e s e p o r ts w hich
a rriv e d b y ra il o v erlan d fro m T e n n essee , &c.

The foregoing shows that the total receipts at the A tlantic
a n d Q u lf shipping ports this year have been 5,983,392
bales, against 5,124,476 bales last year and 7,157,542 bales in
1891-92; a r that the exports have been 5,231,494 bales, against
4,402,890 bales last season and 5,864,921 bales the previous
season, Liverpool getting out of this crop 2,732,456 bales. If
now we add the shipments from Tennessee and elsewhere
direct to manufacturers, and Southern consumption, we. have
the ollowing as the crop statement for the three years.
Tear E n d in g September 1.

1 8 93-94.

1 8 9 2-93.

1891-92.

R e c e ip ts a t th e s h ip p ’g p ’rts .h a le s
A d d s h ip m e n ts fro m T e n n e sse e,
& c., d ir e c t to m a n u f a c tu r e r s ...

5 ,9 8 3 ,3 9 2

5 ,1 2 4 ,4 7 6

1 5 7 ,5 4 2

8 2 0 ,4 9 0

8 5 8 ,9 6 5

1 ,1 9 9 ,6 9 4

T o ta l....................................__ ___
M a n u f a c tu re d S o u th , n o t in c lu d e d
a b o v e ............................................

6 ,8 0 3 ,8 8 2

5 ,9 8 3 ,4 4 1

8 ,3 5 7 ,2 3 6

7 2 3 ,3 2 9

7 3 3 ,7 0 1

6 8 1 ,4 7 1

Total Cotton Crop for the
S ea r ..............................bales. 7,527,211 6,717,142 9,038,707

The result of these figures is a total of 7,527,211 bales
(weighing 3,748,422,352 pounds) as the crop for year ending
August 31, 1894, against 6,717,142 bales (weighing 3,357,588,631 pounds) as the crop for year ending August 31, 1893.
The distribution of these crops has been as follows :
Consu m ption—

N o r t h . . . . ........ ...................................
S o u th ........................ .........................

18 9 3 -9 4 .

1 8 9 2-93.

1891-92.

1 ,7 4 7 ,3 1 4
7 3 3 ,7 0 1

Bales.

2 ,2 1 2 ,0 3 2
681,4 7 1

B d e s.

Bales.

T o ta l c o n s u m p tio n ................. !
E xports —
T o ta l, e x c e p t C a n a d a b y r a i l . . . . . . 5 ,2 3 1 ,4 9 4
T o C a n a d a b y r a i l ...........................

2 ,4 3 1 ,0 1 5

2 ,8 9 3 ,5 0 3

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

5 ,8 6 4 ,9 2 1
7 6 ,881

T o ta l e x p o r ts ........................... . . . 5 ,2 9 4 ,1 6 6
R u r n t d u rin g y e a r .........................
2 ,9 9 7

4 ,4 5 7 ,1 6 6
1 6 ,5 7 5

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

T o ta l d i s t r i b u t e d ...................
Deduct—
S to c k n e t d e c re a s e a n d )
...
fo r e ig n c o tto n im p o r te d $

6 ,9 5 4 ,7 5 6

8 ,8 7 7 ,3 4 0

T o ta l c r o p ......... ............. ...........

1 0 7 ,2 5 2

2 3 7 ,6 1 4

*161,367

6 ,7 1 7 ,1 4 2

9 ,0 3 8 ,7 0 7

* N e t a d d itio n .

Consumption in the United States and Europe.
U n ite d S t a t e s . —It is hardly necessary to say that the
cotton-spinning industry of the United States has received a
serious set-back the past twelve months. Some other trades
have fared much worse than the makers of cotton goods, but
all have suffered material loss. When we closed our report a
vear ago we had only recently passed through the severest
phase of the panic. Idle spindles were numerous in all parts
the country—idle, though, not because of insolvency or of
any approach to insolvency, but simply because the measure
of values was threatened and confidence in the stability of
things in the United States was wholly gone.




| Vol. L1X,

A wave of new hope swept over the country just about the
time we gave our last year’s report to the press, and we so
wrote. It will be remembered that on the 28th of August the
House by a large majority passed the measure repealing the
purchasing clause of the 1890 silver law. We issued our
report on the 8th of September. The prospect then was that
the Senate would speedily confirm and complete the action so
satisfactorily begun. Instead of doing as the country expected,
and in face of the fact that there was in the Upper House a
safe majority in favor of the repeal, that body continued
talking, the people went on suffering, mercantile and manu
facturing operations kept on contracting, for more than two
long and dreary months, and until October 30th, when the
Senate also passed the bill by a vote of 43 to 32. But it had
then got to be too late for the curative action of an antiseptic
merely. During the slow and dilatory proceedings in the
Senate conditions had developed which did not exist before.
For that reason the rectification’of our currency instability,
which had been so urgent an issue all along, was believed the
world over to be left still the issue even when the repeal
measure had become a law.
To be sure, Congress had accomplished a great work; it had
stopped the purchases of silver and in that way put an end to
•additional emissions of silver notes. But the notes already
out remained in circulation—they were not retired or
decreased ; and as business operations had been arrested, these
tools of exchange, having nothing to do and no method of
redemption provided or possible, collected week by week,
more and more of them, in New York, congesting the money
market, forcing the export of gold, keeping all payments of
Government revenue in paper, and thereby becoming a con
stantly increasing menace to values. Nor is that all ; still
another source of derangement existed and the most serious
because until corrected, there could be no relief from the con
dition of insecurity prevailing. We refer to the large deficit
steadily becoming larger, in the Government income, made
doubly alarming because of the length of time which must
elapse before new tax laws could be perfected and the revenue
restored. The issue the Treasury was thus required to face as
sponsor for our paper currency was seen to be unchanged in
character ; indeed the prolonged delay in effecting the repeal
had left it more rather than less doubtful whether, notwith
standing the United States had stopped the further expansion
of silver notes, it could continue to preserve the converti
bility of its gold and silver dollar ; for as Treasury weakness
would be sure to develop, this convertibility would remain
problematical until the Treasury income could be increased
and its control of the gold current re-established.
We should not recite these facts here, for they have been
noted by us on other occasions, were it not that they are
necessary for a correct understanding of the position of the
spinning industry during the past year and have a most
important bearing upon the outlook the coming twelve months.
At the time the silver-repeal bill became a law, the 2d of
November, by the signature of the President, the Government
gold reserve was down to very near 84 million dollars, the
total balance of gold and currency was only about 102 million
dollars, and the Government revenue even then was so insuf
ficient that the receipts were running short of the payments
month by month. Accordingly when gold exports began, the
first week in December, and tariff legislation almost immedi
ately thereafter, with a little later the most serious strikes
the country has ever experienced and smaller revenue and
smaller Treasury balance and large gold exports as an accom
paniment, it is no wonder that the outside world and even
the more timid among our own people lost faith in the Gov
ernment’s ability to keep our paper currency much longer at
a parity with gold. Under these circumstances, and not by
any means wholly or even mainly, though of course in part,
because of tariff legislation, industrial depression went on
increasing until it became imperative as a preliminary to the
recovery of confidence and business expansion not only that
tariff legislation should be completed, but likewise that the
Government revenue should be made so abundant that the
Treasury’s power as the pivotal dependence of our currency
should be re-established.
According to present indications all this was attained on
the enactment of the new tariff law or put in the way of
accomplishment. The most essential want was beyond a
doubt at once supplied—that is, the Treasury’s large deficit
was converted into a liberal surplus and the Government

S

eptem ber

8,

1894.J

899

THE CHRONICLE.




S ta n d a r d
Sheetings.
L a n c a s te r
Q ingham s.

L o w M id d l’g
U pl’d C otton .

S ta n d a r d
S h eetings.
L a n c a s te r
G ing ha m s.

L o w M id d l’g
U pl’d Cotton.

S ta n d a r d
S heetings.
L a n c a s te r
Q ing ha m s.

L o w M id d l’g
U pl’d Cotton.

F ir s t D a y c
E a c h M ont)

put in a position to hereafter take care of itself, tageous. Under these circumstances and with a lower tariff
supply all its needs and perform all its functions. A just going into operation it is not strange that the uncertain
further gain secured by the completion of this legislation ties should induce caution. Manufacturers are likely to w ait
was the removal of the uncertainty with reference to Cus for business activity to force them into making more goods
toms duties, so that every industry was enabled to know the rather than to anticipate an enlarged demand.
There is little of a special nature to be said on this occasion
exact conditions under which future production must proceed,
and had the data for adjusting itself to its new surroundings. with reference to the position of the print cloth spinners.
This latter thought suggests a feature which is for the time More is known with reference to this department because
being operating to delay a full resumption of work by spin more is tabulated and published during each year, and hence
ners. We refer to the fact that the tariff has been lowered it happens that it becomes at times somewhat of a guide to a
A decided majority of the manufacturers believe in the correct study of the trade in general. The reason why it can
higher duties which the present law has supplanted, and also not often be so used is because print cloths frequently develop
are confident that the lower duties cannot afford as large a a way of their own—fits of prosperity and depression to a great
share of prosperity as was obtained under the old law. That er or less extent out of accord with the trade situation. The
is a problem, however, which experience alone can determine. past twelve months the unfavorable conditions under which
We need not discuss it here. It is sufficient for our purpose all producers have been constrained to carry on their various
to say that, although spinners are in some measure influenced avocations have been so extremely forceful and repressive
to-day by this consideration in delaying to resume work in fac that there is a more marked sameness in the results reached by
tories already idle, and in stopping others which have been in the great body of industries than often happens. So it is w ith
operation, the prosperity of the country seems to us assured. print cloths. The production, the market for cloths, and the
It is more than likely that the development will be slow, but stocks have all partaken of the ruling characteristics. Prices
it will be uninterrupted and progressive. No one should have proved less favorable to the spinner than during either
forget the important fact that we start off with our currency of the previous two years. Production has been curtailed very
in a safer shape than it has been before since specie payments considerably and yet stocks have accumulated. On the tenth
day of August the stocks of print cloths held by Providence
were restored in 1879.
The strikes of the employees in the cotton mills at New Bed and Fall River manufacturers were this year 1,169,000
ford and the lock-out at Fall River, besides stoppages here pieces against 581,000 pieces same week in 1893 and no
and there of cotton-spinning and weaving factories in other stocks in 1892. The reduction of wages went into effect at
sections, are looked upon by some as betokening prolonged Fall River on August 20,1894, and since then stocks have been
bad times. That is not so ; they are mainly an indication on the decrease to a small extent and prices have become
of the past not of the future. Business conditions have been better. On August 10 the market was reported dull at 2%c.
growing worse instead of better in many departments until less one per cent for extras, on August 17 the price was 2%c.,
tariff legislation drew near its close. Consumption had and the market steadier, on August 23 price had risen to 2%c.,
become smaller, the margin for profit narrower, and as a con and on August 31 the price was 2_%c. Stooks during the same
sequence goods had accumulated in stock. Manufacturers interval fell off, being reported on the last day mentioned,
who are in that shape do not feel as if they could afford to go August 31, 1894, 726,000 pieces, against 1,169,000 pieces
on producing and adding to their accumulations at the recent August 10, 1894, and 635,000 pieces August 31, 1893, and no
price for goods, especially as they think the new tariff means stocks in 1892. W ithout attempting to follow at length th e
still lower prices. So the managers of the mills say we course of the market from month to month, we give the fol
will continue to run if our employees will take less pay and lowing, which shows at a glance the relative position of the
thus enable us to meet the market. We do not believe raw material, printing cloths and other standard goods on the
the stoppage will be long. Our view is that the demand first day of each month during the past three years.
for goods in the near future is likely to be large as the
Y e a r E n d i n g w ith A u g u s t 3 1 —
supply in the hands of merchants is sm all; in this way
a
50 <g
the accumulated stocks at the mills and with agents
£ 3
1* 1
•1 5
4 co
will shortly be distributed, and that the mills will find it nec
1 :
.2 ft©
£
essary to start up again. Even the short suspension of work,
£ «
-O
6, ÎS
0
£ 5
3
O
O
which as we write has already occurred, has had an influence
1 892.
1891.
1893.
on prices and also some effect on stocks of goods.
Such conditions and facts as the foregoing recital discloses
Cts. Ots. Ots. Ots.
Ots. Ots Ots. Ots. Cts. Cts. Ots. Ots.
bring out clearly the embarrassments under which the cotton- S e p t l 7% 6% 6*3 2-63 6 lix e 61t 7 3-50 778 7 7 2*88
goods industry has been carried on the past twelve months. In O ct. 1 7% 6 ^ 6 2-82 714 6I4 7 3-50 8ia 7 714 3 0 0
3-69
7
2-88 7*8
7\
6%
6ie 7
714 2*94
N ov
the preparation of this review we have likewise obtained special Dec. .l 7 H eqj 561« 3-00 9 5X6 6% 7 4 0 6 7 78 6% 714 2*8.3
75s
1
reports from individual manufacturers in all sections of the
1893.
1894.
1892.
country; they contain though little that is needful to insert
2*94 97le 6% 7
4*00 73X6 6% 714 3*01
513
here, but they fully confirm the results already indicated. The J a n . 1 713 6 q 5 2-87 9
4*00 7
6% 714 3*13
7
7
F eb. 1
6^
contrast with the year ending September 1,1892, is very striking. M a r .l 7916 6 H 5 2-75 8% 7
6% 714 3*06
4*00 6^8
7
7618
It will be remembered that the manufacture of cotton goods A pr. 3 73X6 614 514 2-81 8 i ] 6 7
6I3 3*88 6I4 6% 714 3 0 6
6 is 3*25 6i3xe 6% 714 3*11
in that year (1891-92) was prosperous in all its departments; M ay 1 613x6 614 5 2-7Ò 75X6 7
5 2-69 7 3 ie 6% 6I3 3*44 71X6 6% 714 3*25
that this prosperity was continued also into the next year J u n e l 7
2 -6 2 79x6 6%
6*s 3*19 615x6 6i$ 7
J u ly 1
5
(1892-93), though growing a trifle less general in its range until A ug. 1 613le 6I4 5 2-61 79t6 6% 6 is 2*87 71X6 6I4 7 3*38
3*50
613 6I 4
the first of January 1893. That date may be called the turning S e p t.l 69x8 6 H 534 2*88 738 6 \ 6I3 2*63 6 U ,6 61* 7 3*50
point, for thereafter business and profits contracted very grad N o t e .— S h e e t in g s —A g e n ts ’ p r i c 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 g
m
s net
D
an
d
et
ually at first and then more rapidly until the first of July 1893 isl o tlh s oasrtei n vaan iuafbalcyt u5r epr e ’ c e n t .p r ic e sr. L a nis c o tuenrt goi n gshta m d a r h e sphrei c eisn igns
a m
r
r
Fo
cas
n
s t
when there were but few departments of the trade in the en t h e p r e s e n t s e a s o n a r e s u b j e c t t o a d is c o u n t o f 5 p e r c e n t.
The foregoing shows how striking has beta the contrast re 
joyment of any considerable measure of success, whatever of
activity was left vanishing wholly in following weeks, when ferred to in our remarks above which tLia year’s market for print
all business come to a sudden stop, the general industrial dislo cloths presents when compared with either 1892 93 or 1891-92
cation finding very little relief until the latter part of August. In this table of prices it will be seen that the opening months
Such was the situation and course of affairs the two pre of 1891-92 indicate a rarrow er margin for the spinner than in
vious years. W hat has happened since August 1893 we have later months of that year, and so also the closing months of
already related. The letters received from manufacturers 1892-93 afford a less favorable situation than the earlier
have described in greater detail than we can make room for months of the same year. But taking the difference between
the difficulties under which they have had to struggle to keep the year’s average price for cotton and the quotation for 64x64
in operation. At no time has the machinery of the country cloth, it will be found to be materially larger in both 1891-92
been fully employed, an important aggregate of spindles and 1892-93 than in 1893-94.
What has been said above applies only to manufacturers in
and looms, probably not less that 10 per cent on the average,
being idle. Quite a number of managers have been able to the North. In the South we find a somewhat more favorable
work out a small profit, but the large majority have realized condition of affairs. It is of course well known that the
but a trifle if anything more than cost. In the meantime Southern mills do not as a rule produce the finer qualities of
stocks have accumulated and prices have grown less advan cotton goods, and it is partly on that account that they have

400

THE CHRONICLE.

not felt to the same extent the prevailing depression. In the
matter of cost, too, the Southern manufacturer, especially of
the heavier and coarser goods, has an advantage. At the same
time the operations of the mills have in most inscan ces
(though there are numerous exceptions) left but little or
nothing for the shareholders. It may be a surprise to many
that under such adverse circumstances the spinning capacity
of the South should have continued to increase. That fact
though does not indicate prosperity ; the projects were no
doubt conceived and undertaken when conditions were more
favorable, for an addition means simply that the mill or en
largement is completed and the new spindles set up ready for
operation in the year named.
Besides the field in the South which has now been well
proved to be favorable to certaia classes of manufacture has
been only in very small part occupied. On the first day of
September the number of spindles working and idle aggre
gated in the South 2,300,000, a total about 250,000 less than in
the city of Fall River alone, and barely one-third of the com
bined number in the State of Massachusetts. Ia the whole of
New England, which covers an area of 66,465 square miles
there are 12,297,841 spindles, while the South, with an area of
862,700 square miles, contains but 2,300,000 spindles. These
facts show that the industry is scarcely more than well started
as y e t; that there is wide room for future development; and
that this development is certain to go on during coming years.
W hat could more forcibly express the need of foreign mar
kets to absorb the surplus goods which future development in
the South will produce. The conditions seem to point to
the conclusion that there must be either a restricted develop
ment or an over-supply of the kind of goods the South can
most profitably manufacture, or that foreign purchasers must
be secured to relieve the market of the surplus product.
Following the plan inaugurated eight years ago, we have
gathered this year the fullest information obtainable with
regard to the development and operation of Southern millduring the season. The past month we have secured from
the mills not only returns as to the actual consumption of
cotton in bales and pounds and the number of spindles and
looms added, working and idle during the twelve months, but
also considerable information with regard to new mills in
course of construction and probable further additions to
existing plants. It is hardly necessary to remind our readers
that this annual census entails an immense amount of labor,
and this is increased each year by the great number of mills—
reaching into the hundreds—projected each season, a large
percentage of which end where they began—on paper. It is
only, however, by communicating with all these that a true
idea of the situation can be arrived at. The aggregates of
our detailed returns arranged by States are as follows. It
should be remembered that these figures include (1) mills in
operation all this year and (2) also a few mills which have
been in operation this year but have stopped temporarily and
expect to start up again in 1894-95.
States.

iVo. of

Mills.

Number of
Spindles Looms.

V irg in ia ...........
N o. C aro lin a .
So. C a ro lin a ...
G e o rg ia ............
F lo rid a .............
A la b a m a ..........
M is siss ip p i. ...
L o u is ia n a ........
T e x a s ................
A rk a n s a s .........
T e n n e s s e e .......
M isso u ri...........
K e n tu c k y ........

9
131
51
63

T o ta l, 1893-94.

321

2,167,242 52,195

T o ta l, 1892-93.

314

2,082,197 46,297

T o ta l, 1891-92.

293

1,938,524 40,608

21
7
4
5
8
22
5

106,728 3,429
538,486 11,151
569,033 15,960
515,712 11,892
153,601
46,217
52,828
32,016
6,146
95,219
51,750

2,875
1,786
1,480
720
210
2,004
688

Average
No. Yarn.
16
17&
16

UH

Consumption.
Bales.
27,048
176,179
215,228
176,303

Av’rage
W ’ghts. Pounds.
483-/6
453-69
404-60
464-62

12,543,888
79,929,649
99,994,876
81,913,288

473-59 22,406,088
470-46 6,807,118
480-26 7,066,0! 6
499-10 5,017,002
471-10
570,000
473-07 11,750.271
481-00
409,464
408-30 7,042,311

LIX.

of old ones. The number of spindles in 1893-94 aggregated?86 per cent more than in 1879-80 and 4 per cent more than
in 1892-93. It should be remembered that these returns for
the last six years only represent the spindles in operation, or
very temporarily idle ; in a subsequent table for the whole
country we include those idle for a year or more, omitting
only those that are old and useless and permanently out of em
ploy. It further appears from the returns made to us that there
have been 10 old mills running 37,976 spindles stopped, and 17
new mills running 70,766 spindles started, making a net addi
tion of 7 new mills running 32,790 spindles during the year.
Moreover, the total new spindles added this year is 85,045 net,,
showing that 52,255 of these spindles have been an increase in
the spinning capacity of old mills. Aside from the above, we
have knowledge of 6 new mills containing 55,192 spindles which
expect to start up within a short time, dnd there are 10 mills
in course of construction but that will not be in operation
until after the first of January.
There is but one other branch of the cotton goods industry
which remains to be referred to—we mean the export move
ment, which this year shows an appreciable increase. It
usually does show an increase when for a time home trade
has been bad and stocks redundant, so that prices of goods
touch a low figure and this is more particularly true when
the raw material is also very cheap. All these condition»
have obtained in the pres an year, and as a result the
outward movement of goods has reached a quite satisfactory
total, the value being much higher than in 1893, notwithstand
ing the much lower prices. In fact, never before in the his
tory of the cotton trade of the country (only excepting the
year 1887) has the quantity and value of goods exported been
so great as in the current year. The table below does nob of
course include cotton goods exported to China via Vancouver,
B. C., which also reached a more important aggregate than
in either of the two preceding fiscal years. For the fiscal
year 1894 these shipments were 30,309 packages, containing:
20,589,000 yards, against 25,686 packages, or 18,295,800 yards,
in 1892-93, and 18,465 packages, or 12,592,400 yards, in 1891-92.
In the table below we merely give—as stated above—the ag
gregate exports as reported by the Bureau of Statistics, and
they record a gain the past year of $2,531,328. By referring,
however, to the detailed statement published in the C h r o n i 
c l e of August 11, page 239, we find that the exports to China
increased 24,033,124 yards, or nearly 90 per cent, during the
season, and that as a rule other countries took a greater quan
tity of our manufactures than in the previous year. The
official record of the last five years is as follows :

Manufactures.
C e lc re d G o o d s.........Y ds.
La
Value.
U n co lo red g o o d s .. Y ds.
Do
Vatue.
O th e r m a n ’f ’s o f.. Value.

1894.

1893.

1892.

1891.

61,538,458
$3,854,935
124,349,278
$7,639,851
$2,845,897

43,010,108
$2,802,462
100,770,006
$6,300,022
$2,700,871

40,815,450
$2,484,360
142,938,871
$8,673,603
$2,068,254

39,027,682
$2,591,619
135,518,590
$9,276,427
$1,604,811

1890.
42,309,770
$2,886,435
75,716,490
$5,480,403'.
$1,632,439"

T o ta l c o tto n m a n u fa c 
tu r e s e x p o r t e d . Value. $14,340,683 $11.809,355 $13,220,277 $13,472,857 $9.999,27T

A similar exhibit covering India’s shipments we have also
given for a number 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 £663,000, or say less than 3% million dollars, while
that of the United States for the same year was $7,722,978.
The record for the last six years has been as follows :

10^

47,438
14,469
14,713
10,050
1,210
24,807
846
15,038

15-8

723,329

403-84 835,509,957

15 7-16 733,701

462-98 339,650,657

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

463-56 315,908,286

1&~ T h e official fig u res a r e g iv e n in ru p e e s , a n d w e tu r n th e m in to p o u n d s ,

um

15
17
16
16
l«-é

U%

681,471

T o ta l. 1890-91.

283

1,756,047 38,511

14 13-16 605,916

459-23 278,256,109

T o ta l, 1889-90.

271 , 1,624,335 86,524

14 3-5 549,478

457-82 251,505,411

T o ta l, 1888-89.

259

1,344,576 31,435

13%

486,603

455-54 221,067,067

C ens. to t. 79-80

164

561,360 12.329

13

188,748

. 464
87,010,889
N o t e .—S e v e r a l m ills h a v e b e g u n o p e r a t i o n s w i t h i n t h e l a s t f e w
m o n t h s , i n c r e a s i n g t h e n u m b e r o f s p in d le s a p p r e c i a b l y w i t h o u t a f f e c t 
i n g c o n s u m p t io n t o a n y e x t e n t .

The foregoing shows that the number of spindles per mill
in the last season reached 6,751 against 6,631 in 1892-93 and
6,619 in 1891-92, indicating that the prevailing tendency still
is to build larger factories or to increase the spinning power




jV O L .

Cotton.

1893-94.

1892-93.

1891-92.

1890-91.

£

£

£

£

T w is t & y arn s 4,974,133
M a n u fa c tu re s 1,268,485
6,242.618

1889-90.

1888-89.

£

6,773,482
1,327,175

5,771,033 6,543,364
1,264,002 1,159,275

5,748,732
1,005,011

5,207,099
1,167,464

8,100,657

7,035,035 7,702,639

6,753,743

6,374,563

ste rlin g o n th e b asis o i te n ru p e e s to a p o u n d . T h a t o f c o u rs e d o es n o t m a k e
allo w an ce f o r th e d e p re c ia tio n o f th e ru p e e , b u t u n d e r th e c irc u m s ta n c e s i t
p ro b ab ly m ak es t h e co m p ariso n as n e a rly c o rre c t a s i t c a n b e m a d e in v a lu e s .

The shipments this year, ib will be seen, exhibit a decided
falling off from the total for 1893-93, and are in fact less than
in any season since 1887-83. At the same time India’s export
trade in cotton goods is much heavier than that of the United
States, the aggregate value of her shipments for 1893-94 hav
ing been £6,242,618, or $30,000,000.
With regard to the spinning power iu the United States
there is but little to be said. There is of course a consider-

Septem

ber

8,

1894.1

THE CHRONICLE.

40 fL

I consumption of the raw material according to the current
estimates made by Mr. Thomas Ellison, indicating as
as they do unusual uniformity. The estimates for Great
Britain have been eighty thousand bales and for the
Continent ninety-two thousand bales each week of
the spinning season beginning with October 1893 down
to the first .of September 1894. That weekly total isfour thousand bales more for the Continent than last year s
total, but for Great Britain it is no larger than the weeks of
full work in 1892-93. A s to the aggregate consumption for
the year, Great Britain as well as the Continent shows a con
siderable increase because there has been no contraction in
work during the last twelve months on account of strikes in
the United Kingdom, while a year ago there was a very
decided los3 from that cause, the total consumption for Janu
ary, February and March 1893 averaging only 55,000 bales per
week against 80,000 bales the maximum weeks for that year,
and, as stated, 80,000 bales all the weeks of the current year.
Ordinarily such an enlarged production would mean a prof
itable year for the spinners. As already said, that is not a
correct conclusion on this occasion. Many influences have
1888-89.
1889-90.
1890-91.
been operating to the disadvantage of Europe’s trade the past
1892-93. . 1891-92.
1893-94.
Spindles.
12,825,000 12,725,000 twelve months. Prominent among them has been the indus
N o rth .......... 13,550,000 13,475,000 13,275,000 12,925,000
2,291,064 2,168,023 2,002,869 1,856,000 1,725,000 1,450,000 trial depression in the United States accompanied with a de
S o u th............
14.550,000 14,175,000
T o t a l . . . . 15,841,064 15,641,023 15.277.869 14,781.000
crease in our imports greater in the amount of the loss than
American spinners close the year with smaller stocks of ever before in a single year. This has deprived the leading
cotton. The takings through the year of Northern and European nations of a good customer, but especially Great
Britain, the nation which is most intimately connected with
Southern spinners have been as given below :
T otal c ro p o f th e U n ite d S ta te s a s b e fo re s t a t e d ............b a le s. 7 ,5 2 7 ,2 1 1 our trade. It has so happened, too, that the country which
has been chiefly depended upon to make good the absence of
Stock on b a n d c o m m e n c e m e n t o f y e a r (S ep t. 1 ,1 8 9 3 ) —
A t N o rth e rn p o r t s . . . . . . . . . . . . . . . . . . . . 1 5 1 ,5 2 4
our demand for Manchester productions is India, and that the
A t S o u th e rn p o r ts .....................................
9 1 ,7 4 7 — 2 4 3 ,2 7 1
industries of India at the same time have been in a very
A t N o rth e rn in te r io r m a r k e ts .............. ...................
6 ,7 4 7 — 2 5 0 ,0 1 8
unsatisfactory and rather disorganized condition following
T o ta l s u p p ly d u r in g t h e y e a r e n d in g S e p t. 1 , 1 3 9 4 . . , . . 7 ,7 7 7 ,2 2 9
the suspension of silver coinage and the movement to p u t
Of th is s u p p ly th e r e h a s b e e n e x p o r te d
India’s currency on a gold basis.
to fo reig n p o r ts d u r in g th e y e a r — 5 ,2 3 1 ,4 9 4
The foregoing suggests the thought, what has Europe done
Less fo re ig n c o tto n i n c l u d e d ------ ------4 3 ,9 7 2 — ,1 8 7 ,5 2 2
5
with its enlarged production and especially in view of the
S e n tto C a n a d a d ir e c t fro m W e s t . .. ................... —6 2 ,6 7 2
fact that the demand from the United States has been m
B u rn t N o rth a n d S o u th ...........
...................
2 ,9 9 7
Stock on h a n d e n d o f y e a r (S e p t. 1 ,1 8 9 4 )—
great part withdrawn ? So far as the Continent is concerned
A t N o rth e rn p o r t s . . . .............................. 1 0 4 ,8 1 0
the trade figures of a sufficiently recent date are not procura
A t S o u th e rn p o r t s ....................... ..
7 3 ,9 2 7 — 1 8 3 ,7 3 7
A t N o rth e rn i n te r io r m a r k e t s . . . . — -------------3 ,0 0 1 —5 ,4 3 9 ,9 2 9 ble to enable one to determine the disposition that has been
made of its increase. The presumption is that it has gone
Total ta k in g s b y s p in n e r s in th e U . S. f o r th e y e a r e n d in g
into home consumption, though we notice that more Manches
Septem ber 1, 1 8 9 4 ...... .......... ..................- .............- ............. ..—
2 ,3 3 7 ,3 0 0
Taken b y S o u th e rn s p in n e r s (in c lu d e d in a b o v e t o ta l) .,........ .
7 2 3 ,3 2 9 ter goods went to the Continent in 1893-94 than in 1892-93.
T otal ta k in g s b y N o rth e rn s p in n e r s ................................................... 1 ,6 1 3 ,9 7 1 No such doubt exists with reference to the destination of the
additional goods Great Britain’s spindles have turned out. At
* B u rn 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 tr o y e d a t t h e N o r th 
e rn a n d S o u th e rn o u tp o rts , b u t a lso a ll b u r n t o n N o rth e rn ra ilr o a d s a n d the time we write we have the export figures of cotton goods
and yarns for the United Kingdom to the first of August
in N o rth e rn fa c to rie s .
These figures show that the total takings by spinners North only. But up to that date the estimated increased consump
and South during 1893-94 have reached 2,337,300 bales, of tion of cotton since October 1, 1893, by its mills was about IT
which the Northern mills have taken 1,613,971 bales and the per cent, whereas the actual export of goods and yarns all re
Southern mills 723,329 bales. Our summary of takings and duced to pounds had increased about 14 per cent. Here is a
consumption on the basis of no stocks in the hands o f North difference of only 3 per cent for loss in manufacture and for
ern spinners on September 1, 1875, reaches the following addition to home stocks and home consumption. We speak
results. The width of our columns compels us to omit the of increased home stocks of goods in Great Britain, as we
presume they were reduced to a minimum in 1892-93 when
results of the years 1875-73 to and including 1887-88.
the prolonged and extensive strikes prevailed there.
Takings and Consumpt’n. 1888-89. 1889-90. 1890-91. 1891-92. 1892-93. 1893-94.
Great Britain’s export figures also disclose the fact that a
Bales.
Bales.
Bales.
feature of the year has been the shipments to India. Up to the
Bales.
Bales.
Bales.
Taken by—
N o rth e rn m i lls .............. 1,780,486 1,792,850 2,031,625 2,212,032 1,747,314 1,613,971 first of August the exports to that country of piece goods in
486,603 549,478 605,916 681,471 733,701 723,329
1893-94 was 2,122,691,000 yards, against 1,592,050,000 yards in
T o t. ta k in g s fro m crop 2,267,089 2,342,328 2,037,541 2,893,503 2,481,015 2,337,300
the same time of 1892-93, and of yarn 33,743,000 pounds, against
17,365 123,900 310,932 108,246
24,515
73,029
Stock h e ld by m i lls ....
29,781,000 pounds. We said a year ago that the closing of the
T o tal y e a r’s s u p p ly — 2,340,118 2,366,843 2,654,906 3,017,403 2,791,917 2,445,546
mints in India ought to increase that country’s takings of cot
Consumpt’n (estimated )—
ton goods from Great Britain, and that suggestion has turned
1,800,000 1,925,000 2,025,000* 1,950,000 1,675,000
1,829,000
486,603 549,478 605,916 631,471 733,701 723,329 out strikingly correct, for the increase as shown by the fore
going figures has been very large. It is stated now that the
T o tal c o n s u m p tio n — 2,315,603 2,349,478 2,530,916 2,706,471 2,683,701 2,398,329
T o t. su p p ly as a b o v e .. 2,340,118 2,366,843 2,654,906 3,017,403 2,791,947 2,445,516 movement has been pushed to such an extent that the stocks47,217 of goods at Calcutta have become so heavy as to be trouble
17,305 123,990 310,932 103,2424,515
L eav’g m ill s t ’k s S ep t. 1
The foregoing leaves stocks in spinners’ hands at 47,21.7 bales, some. The report is that at present shipments are being
stimulated under the fear of the re-imposition in India of an
and shows that the United States consumed 2,338,329 bales.
import duty on cotton goods.
While the above figures show the percentage of the
E u r o p e .—Speaking broadly, cotton spinning in Europe the
past year has suffered no check from labor strikes and has also increased outward movement this season, they have not,
otherwise been far more favorably situated than in the United nevertheless, indicated the countries other than India to
States, but still manufacturers’ products have met a dragging which the excess has gone. When, however, we come to
market and consequently as a rule the mills have not secured analyze the monthly results, it is found that India, China and
satisfactory results ; indeed during August short-time has Japan have absorbed almost all of it. To indicate the extent
been threatened and to a very moderate extent adopted. That of these increased shipments to the Far East, we have com
the year has been conspicuously free from any wide-spread piled the following, which covers the quarterly results since
disturbing influence is well shown by the reports of weekly October, 1892 :

able number of spindles idle at this date, mainly in the North,
and it will be some little time yet before all the mills can re
sume their normal position. Under existing circumstances
very little new work in the way of enlargement of producing
capacity would in the nature of things be undertaken, but ad
ditions to spindles already under way when the unfavorable
conditions set in have in some cases been completed. The
aggregate net gain in spindles at the North has therefore not
been heavy—not over 75,000 spindles. At the South, accord
ing to our returns, through new mills and additions to old
mills there has been a gain of 125,041 spindles. W ith this
years changes the number of spindles in the whole country at
the close of 1893 94 and of the previous five years would be as
stated in the subjoined table. It should be said in explanation
of our compilation of total spindles that this statement repre
sents all mills, whether in operation or not (except such as
have been closed with no present intention of starting up
again), whereas the details of Southern mills by States given
previously represent only mills in operation in some portion
of 1893-94, or about to start up.
____________________




402

THE 0HK0N1CLE.

G R E A T B R IT A IN ’S E X P O R T S TO IN D IA ,

C H IN A AND J A P A N .

Yam s.
Lbs.
Octob’rtoDecemb’r, 1892, inclusive 17,953,000
January to March, 1893,
“
13,597,000
April to July, 1893,
“
20,698,000

Piece Goods.
Yards.
671,059,000
572,427,000
755,196,000

Total Oct. ,’92, to July, ’93, “
52,248,000
Octob’r to Decemb’r, 1893, inclusive 18,865,000
January to March, 1894,
“
19,261,000
April to July, 1894,
“
20,044,000

1,998,682,000
745,448,000
861,435,000
957,570,000

Total Oct.,’93, to July,’94, “
58,170,000
2,564,453,000
Here we see that the increased movement for the last sea
son has been 566 million yards of cloth, or over 28 per cent.
•Furthermore this year’s total is 264 million yards greater
than that for 1891-92. The aggregate shipments of cloth to
s il countries from October 1,1898, to July 81,1894, were 4,862,041,000 yards, against 3,768,699,000 yards for the corresponding
ten months last year, or a gain of 593,342,000 yards. No better
'evidence, therefore, can be adduced that the gain of the United
Kingdom in exports of cotton goods was almost entirely due
to the increased takings by India, China and Jap an —
more
particularly India.
In connection with the foregoing we give a general com
pilation which covers all cotton manufactures exported. We
refer to the total exports from Great Britain to all countries of
cotton goods and cotton yarns, reduced by us to pounds to
perfect the comparison. The results by quarters only are
given here, the statement by months appearing in our cotton
report generally the third Saturday each month. Three ciphers
are omitted.
Great Britain's
1893-94. 1892-93. 1891-92. 1890-91.
Cotton Goods Exports. Pounds. Pounds. Pounds. Pounds.
1st quarter, Oct.-Dec....... 307,878 306,447 311,620 323,002
2d quarter, Jan.-March..
333,266 264,773 323,890 313,087
•3d quarter, April-June...
300,238 246,822 276,738 287,975
4th quarter, July-Sept... *330,000 312,764 303,672 313,805
Total for the season... .1,271,382 1,130,806 1,215,920 1,237,869
* E s tim a te d o n tlie b a s is o f tb e J u l y m o v e m e n t.

It will be noticed on reference to our files for back years
th a t the exports are heavier this year than at any time in the
past ten years.
An interesting suggestion with regard to the actual and
relative condition of the cotton goods trade the past year in
“ reat Britain is a comparative statement of prices of cotton
G
and products for a series of years. If the decline in the
•value of the manufactured product had merely kept pace
•with the falling off in quotations for the raw material, there
would not have been much to complain of, but such has not
been the case. How wide has been the divergence b etween
this season and 1892-93 is very clearly indicated in the follow
ing statement of the prices of cotton, twist and shirtings at
th e close of each month of the last two years.

§

C
j
g 8
•ç»
S!

J

il
Ö
S

*

d.
S e p t. 3 o . . .
O c t. 3 1 . . . .
N o v . 3 0 ..
-Average —
S e p t. — Nov.
l> e c . 3 1 . . . .
•Jan . 3 1 ...
F eb . 2 8 ...

d.

s;

d.

4*3
4 916
4*16

7 ffe
??,<>
71i 6
76U

6
6
6

8%
9
7h

6

81*

6 i3 16
6273v
6%
613j

6
6
6

5%
6
3%

5 5 x,
5 1«
4 78

6

4»e

5®48

6 2%
5 11%
5 9%

4%
43ln
4316

414
4*4
4^

A v e ra g e — } 4 5 s 4
D ec.—F e b .
M c h .3 1 ...
sA pril 3 0 . .
M ä y 3 1 ___
A v e ra g e —

4 s 16
4*16

M a r .—M a y
J u n e 3 0 ...
«Fuly 3 1 . . .
A u g u s t 31.

313 6
a i s le
A verageJ u n e —A u g 1 4 4 1 .8

6273£
6 2 1.5
6153
621 s

6

638 5
63 e 5
5
6%
5

d.
414
4*16

5*8

0

43g

6^
6

4*16
46,0
4 c 16

7

4®16

C h e o p e r in l S9 3 -9 4 .
S h ir tin g s
p e r Piece.

fc> -S

! M id . TJpl’d
1 Ootton.

ÜÄverpoo

1 8 9 2 -9 3 .

S 1
8 s*

S. d .
5 8 *l \ x e 5 11%
81s 6 4%
71*48 6 0 1 ,

d.

678

6
8 u 16 6
81*16 6
8 1 ?24 6
8%

85g
7 1 ie
615,6
723

6
8
7%
7 1.

6
6
6

8%
4
1 %
6 423

7®16 6
7*8 6
v ile 6
71« 6

5%
5%
6
52;

JS
j§
fc> -2
* 1
S

& ’S
S
O ?
N £
CO

S h ir tin g s ,
p e r Piece.

1 8 9 3 -9 4 .
?

d.

d.

d.

<34
**8
i* :e

*9i«
*3g
4 l ie

* 12
*9%
*2 %

548

2*8

H ie
*8

1*16
127r

*8

4 ,48

1* 8

%
2
4 ia
2 5 ,2

91fl
*è
*8

1 2 S3 s
1S3
1 58>
*8

6
4%
4%
42.

1®48
n ie
*3
9ie

8%
i5 16 1 1 1 a

» * ! 12
l 5lô

10 %

* D e a re r.

In the foregoing we see that the season of 1893-94 opened
w ith manufactured products ruling much higher in value
th an at the same time time in 1892-3, and even at the close of
November shirtings showed an advance over the like date of




[V o l . L I Z .

he previous year of 2% pence per piece, notwithstanding
that cotton was ll-16d cheaper. Beginning with December,
however, the comparison became less favorable, and at the
close of July shirtings ruled almost one shilling per piece less
than on July 31, 1893, although at the same date cotton
showed a decline of but ll-16d. This would seem to indicate
that the unsatisfactory reports received from the manufacturng, districts very frequently during the season were based on
good and sufficient cause.
Below we give by months the course of the Manchester
goods market during the season, and also the monthly market
at Liverpool for cotton.
S e p t e m b e r — Liverpool.—The month opened with middling
uplands ruling at 4%d., but on the following day there was a
rise to 4 7-16d. During the succeeding fortnight the market
was largely under the influence of news from America, the
improving financial situation and unfavorable crop reports
and restricted crop movement stimulating an upward turn in
prices, which was further aided by better trade at Manchi ster. A gain of l-16d. on the 6th was followed by a like
increase on the 11th, and another l-16d. was added on the
12tb, the quotation for middling uplands being 4%d. A loss
of l-16d. on the 13th was recovered on the 14th, and on the
16th the price rose to 4 ll-16d., the highest point reached
since the 8th of Aprd. Immediately thereafter, with a freer
crop movement in the United States, a reaction set in on the
18th, leading to a drop of l-16d., but under a good inquiry
from spinners this loss was regained on the 22d. The better
demand from spinners, however, was counteracted by larger
receipts in America, and quotations took a downward course,
a drop of l-16d. being recorded on the 25th, a similar loss on
the 27th and again on the 28th, when the price for middling
uplands was 4 ^ d ., and at this figure the month closed quiet.
Manchester.—At the opening of «he month merchants were
unwilling to pay the current prices for goods, but notwith
standing this quotations were further marked up. About
the 10th, however, an improvement in the demand for India
and China was noticed and values further hardened. At the
close manufacturers were reported to be well under contract
at remunerative rates. Exports of yarns and goods from
Great Britain (all reduced to pounds) were in September
106.548.000 lbs., against 105,335,000 lbs. in 1892. Mr. Ellison’s
estimate of consumption in September was 80,000 bales (of 400
lbs. each) per week in Great Britain and 88,000 bales (of like
weight) on the Continent.
O c t o b e r —Liverpool.—Crop news from America was the
important element in the course of prices all through Octo
ber. The tendency was decidedly upward during the first
half of the month, the rise being stimulated by a good de
mand for spot cotton and the favorable tenor of advices
from the manufacturing districts. Middling uplands opened
at 4^d. on the 2nd, and by the 17th had risen to 4%d. An esti
mate of the yield in the United States covering larger figures
than generally credited caused a weakening of values on
the 19th, and the continued heavy crop movement in Amer
ica caused a weakening of values on the 19th, and before the
decline was arrested on the 28th all the previous gain had been
lost. An improved demand set in, and quotations were
marked up l-16d. on the 30th, the close being at 4 9-16d., or a
gain of l-16d. from the opening. Manchester—Trade was
quite satisfactory at the opening of the month, but towards
the close of the first fortnight a disposition prevailed to cur
tail production on account of the advancing price for fuel in
consequence of the coal strike. Spinners and manufacturers
were, however, kept quite fully employed, and at the close of the
month manufacturers were stated to be well under contract.
The exports of cotton manufactures from Great Britain during
October were 101,378,000 lbs. against 97,130,000 lbs. in 1892.
Mr. Ellison estimated the consumption in October by the mills
of Great Britain at 80,000 bales per week and on the Continent
at 92,000 bales per week,
N ovem ber—
Liverpool.—The better demand noted in the
closing days of October continued into the first half week of
November, and resulted in the marking up of quotations
l-16d. on the 3d. Subsequently the demand slackened, the
prolongation of the coal strike serving as a depressing factor
in the market. As a re.-ult prices gave way l-16d. on the 9th
and there was a similar fall on the 10th. Unfavorable reports
from the manufacturing districts and the large crop move
ment in the United States were instrumental in producing a
decline of l-16d. on the 17th. This latter decrease was recov
ered on the 23d as a result of an apparent falling off in re
ceipts at American ports, but was lost again on the 26th in
consequence of the fuller crop movement. The market im
proved slightly at the close of the month, but quotations un
derwent no change, the closing being at 4 7-16d., or a drop of
3^d. from the opening. Manchester.—Business ruled quiet
pretty much all the month. Machinery was kept fairly well
employed, but the demand for goods was slow and quotations
were reduced. The market closed quiet. Exports of yarns
and goods from Great Britain 99,952,000 lbs. against 103,982.000
lbs. in 1892. Both in Great Britain and on the Con
tinent the previous month’s rate of consumption was main
tained.
D e c e m b e r —Liverpool.—Although the month opened with a
good demand for spot cotton a feeling of weakness prevailed

Septem

ber

8, 1894.]

THE CHRONICLE.

40s

owing to the unexpectedly heavy movement of the American with the commencement of the second week the inquiry botfer
crop, which gave strength to the opinions of those whose estir for home trade and for export fell off and led to a weakening
mates of the yield had been considered much too high. of values. Daring the remainder of the month business w as
The tendency of prices was downward and the close dull, merchants buying very sparingly, and towards the close*
was at 4}^d., or a net loss during the month of 3-161. a moderate curtailment of production was being considered-»
M anchester— The market for goods opened rather quiet, and The exports of cotton manufactures during April werein the absence of any sustaining demand quotations for yarn 100.660.000 lbs., against 73,231,000 lbs. in 1893. Consumption»
gradually fell of. Concurrent with the decline in yarn unchanged.
cloths also declined. At the close of the month manufac
May—Liverpool —Under the influence of unsatisfactoryturers were considered to be generally well under contract. advices from Manchester the market developed a downward'
The exports of yarns and goods for the month of December tendency and middling uplands eased off l-16d. on the 1st oft
reached an aggregate of 101,122,000 lbs. against 98,751,000 lbs. May, dropping to 4d. A further decline to 3 15 16d. occurred
in the preceding year. Mr. Ellison’s estimate of consumption on the 3d, the lowest point reached since September 1892»
for December was the same as in November.
This quotation was well maintained until the 12th, w h m
J a n u a r y —Liverpool.—Several factors served to infuse a an advance of 1-161. to 4d. was recorded, but in the absence
stronger tone to the market upon the resumption of business of any sustaining news quotations fell back again to 3 15-16d.
after the holidays. Foremost among these was the smaller on the 16th. The market opened with a better feeling after th e
movement of the American crop, but the continued good de Whitsuntide holidays, and with an improvement in the de
mand for consumption was also a feature of moment. These mand from spinners middling uplands was marked up l-16d. o n
several influences stimulated an upward turn, which began the 24th. Firmer reports by cable from America and more satison the 3d with a rise of l-16d. and was followed on the 8th factory accounts from the manufacturing districts contributed!
and 12th by similar advances. The demand gradually sagged to a further advance to 4 l-16d. on the last day of the month-*
off during the next few days, and the market developed some Manchester.—Reports from Manchester during the month
weakness, which was intensified by increasing receipts at were quite unsatisfactory and do not seem to have been sub
American ports, bringing about a decline which carried quota stantiated by the results disclosed in the Board of Trade re
tions down to43^d. at the close, or the same as at the opening. turns. The month’s exports of yarns and goods reached.
Manchester.— A better demand from India and China was 97.360.000 lbs. against 83,240,000 lb3. in May of 1893. Mr»
the principal feature of the business in Manchester during the Ellison estimated the May consumption the same as in April»
first half of January, and it contributed a firm tone and gave
J une—Liverpool.*-'The favorable character of the crop ad
strength to values, yarns and goods being marked up. In the
closing week of the month, however, the inquiry from the vices from the United States served to check any advance iix
opening. As
East fell off materially and the advance in yarns was entirely price at the not only had the month progressed it became evi
cotton acreage been somewhat in
lost. Exports of yarns and goods, 107,921,000 lbs., against dent that
89,624,000 lbs. in 1893. Consumption in Great Britain during creased in America, but that the crop was ia better condition
This new*
January, according to Mr. Ellison’s estimate, was the same than in the preceding year and developing finely. and caused
brought about a very quiet feeling in the market
as in the preceding month.
prices to tend in buyers’ favor. About the middle of th e
Ffertt aby—Liverpool.—The news from America in Feb month firmer advices from the New York market led to a bet
ruary covering a very small crop movement was offset by the ter demand from spinners, but subsequently reports from
serious shrinkage in the value of silver. The market devel Manchester of unsatisfactory trade and favorable crop new*
oped some steadiness towards the close of the second week, checked any disposition on the part of buyers to operate, and
however, but later became weak, and being adversely affected finallv on the 28ch quotations gave way l-16d. and a further
by the continued drop in the price of silver and the unsatis drop “of l-16d. occurred on the 29th, middling uplands thenfactory reports from Manchester, finally gave way, middling up ruling at 8 15-16d. Manchester.—A. very fair volume of busi
lands losing l-16d. on the 21st. On the 24th there was a fur ness was transacted during June. M tnufacturers complained»,
ther loss of l-16d., and on the 26th unfavorable advices from however, that rates were unremunerative. Towards the close
manufacturing centres led to a decline of l-16d., the ruling of the month there was some inclination to reduce the output»,
quotations for middling uplands then being 4 l-16d. Better re but no steps in that direction were immediately taken. Yarnsports from Manchester, an increased demand from spinners and and goods exports from Great Britain were 96,959,000 pounds»
an advance in the price of silver brought about arise of l-16d. against 84,470,000 pounds in 1892. The rate of consumption
on the 28th, the close being at 4 ^ d ., or a loss of J^d. from the by the mills, both in Great Britain and on the Continent, waa
opening. Manchester.—The month opened with a slightly as estimated for preceding months.
better demand for goods from the East, but the improvement
J u l y . —Liverpool.—An element of strength was injected
was soon lost, the disturbance of Eastern exchange serving to into the market m the first few days of the month by less
seriously disturb the course of business. Towards the close of favorable crop advices from the United States, which resulted
the month the stock of yarns began to accumulate. During in the marking up of the quotation for middling uplands
the month of February the exports of yarns and goods l-16d„ on the 5th. The improvement was lost, however, on
reached a total of 108,995,000 pounds, against 79,385,000 the 10th instant, the market having been unfavorable affected
pounds in 1893. Mr. Ellison’s estimate of consumption was by the cables from America covering news of the railroad
the same as in January.
strikes at the West as well as by more satisfactory reports^
concerning the growing crop. During the remainder of the
M a r c h . —Liverpool.—The month opened with a good de
an absence of activity in
and.
mand for cotton on the spot which led to a marking up of quo month there was prices was downward as a the dealings, very
result of the
tations l-16d. on the 2d. Subsequent developments including the tendency of
good crop accounts, unsatisfactory reports from Manchestera fall in silver resulted in a period of quietness about the 5th and continu’d business depression in tbe U lited States. Mid
of the month, but there was a favorable reaciion a day or dling uplands
two later on an improvement in silver and better reports from the quotation eased off 5-32d net;ween the 24th and the close,
on the
the manufacturing districts. Advices from the United States yarn and goods trade 31st being 3 25-32d. Manchester.—The
during July was
covering news of a rather dull market brought about a fall of Notwithstanding a decline in values thequite unsatisfactory*
volume of transac
l-16d. on the 10th. During the remainder of the month busi tions was reported to be somewhat below production, and
ness in cotton for immediate delivery was strictly moderate stocks were said to be accumulating. The July exports o r
but a steady tone prevailed. At the close, however, reports yarns and goods reached a total of 110,477,000 lbs., wbiclk
from America were more favorable and this, coupled with the compares with 102,580,000 lbs. in 1893. In Great Britain
steady reduction of the visible supply totals, gave an impetus and on the Continent the rate of consumption was estimated
to trade which brought spinners into the market. Quotations the same as in the preceding month.
were advanced to 4 3-161. on the 30th and so closed, after a
net gain for the month of l-16d. Manchester.—The improved
AUGUST:—
Liverpool.—The market opened on the first of
position of silver and the greater degree of firmness in the ex August at a recovery of 1-32J. from the closing quotation of
change market were influences which contributed to a much the previous day, and dealings were on a somewhat larger scale
better ¡demand for cloths and yarns during the opening week during the succeeding few days. Operations were resumed
of the month. Yarns advanced slightly but nevertheless on the 8th, after the Bank holidays, with cotton steady at th e
stocks were somewhat reduced. During the remainder of the last previous quotation. Oa the 9th, however, arise of l-16d.
month trade was quiet as a rule and this led to some conces occurred on reports of unfavorable weather conditions in por
sions being made in cloths. Mills were generally running full tions of the United States, but on the 11th better crop account*,
time and at times a better demand from abroad was notice led to a decline of l-33d. The market during the remainder:
able. Exports of cotton manufactures from Great Britain of the month was largely influenced by crop reports from the
were, during the month 110,923,000 lbs against 89,041,000 lbs. United States and trade reports from the manufacturing dis
for the same period of 1893. The previous month’s rate of tricts, fluctuating, however, within narrow limits. The net
loss in the meantime was l-32d , the market closing on the
consumption was maintained.
31st at 3 13-161., or the same as at the opening. Manchester.—
A p r i l —Liverpool.—A number of influences served to steady
Prices have been quite well maintained throughout the month.'
the market at the opening, and among these may be men During the first fortnight there was considerable talk of cur
tioned the continued good demand for consumption. Quota tailing production and stocks of yarn were said to be accumu
tions, however, were not affected. Towards the close of the lating, but subsequently there was an improvement in the,
first week the inquiry for spots fell off considerably, and later demand for goods for India and a better bu8iuess in yarn*
on less satisfactory reports from America, and from Manches
ter as well, brought about a weakening of tone under which developed.
We now add our usual tables of consumption and supply o f
middling uplands receded l-16d on the 13ch. A further de
cline of l-16d. on the 23d gave a slight impetus to the market. cotton. These figures are not the takings of the mills, but th e
The close was at 4 l-16d. or y% off from the opening. M an actual consumption of the mills and are in all cases expressed
\.
chester—At the beginning of the month the market ruled
steady and an improving demand for cloth was reported, but in bales o f 400 pounds.




THE CHKONICLE.
United States.

4,263,000 746,000
4,099,000 894,000
3,926,000 965,000
4,247,000 913,000
4,711,000 1,009,000
5,072,000 1,108,000

A v e r. 0 y e a rs . 2,646,000 1,740,000 4,386,000

2,843,000
3,350,000
3,572,000
3,640,000
3,744,000
3,686,000

o
o
o 1

ß\

A v e r. 6 y e a rs . 3,116,000
1878-79................
1879-80...............
1880-81................
1881-82................
1882-83................
1883-84................

2,032,000
2,064,000
2,240,000
2,403,000
2,378,000
2,509,000

JO 1
If

3,084,000
3,128,000
3,088,000
3,170,000
3,183,000
3,038,000

1872-73 ...............
1873-74...... ..........
1874-75................
1875-76..............
1876-77................
1877-78................

2,596,000
2,750,000
2,956,000
3,198,000
3,380,000
8,380,000

5,116,000
5,192,000
5,328,000
5,579,000
5,561,000
5,547,000

939,000

3,433,000
3,028,000
3,694,000
3,841,000
3,770,000
4,034,000

3,255,000
3,465,000
3,640,000
3,796,000
4,069,000
4,290,000

152,000 1,309,000
141.0G0 1,440,000
159,000 1,328,000
159,000 1,503,000
161,000 1,579,000
107,OuO 1,725,000

5,387,000 1,324,000
5,439,000
6,100,000
6,528,000
6,838,000
7,124,000
7,046,000

1,015,000
1,779,000
1,884,000
1,931,000
1,993,000
1,865,000

6,088,000
7,093,000
7,334,000
7,637,000
7,839,000
8,324,000

1,608,000
1,890,000
1,972,000
2,030,000
2,130,000
2,102,000

4,230,000
3,977,000
3,644.000
4.100.000

4,538,000
4,524,000
4,600,000
4.784,000

8,768,000
8,501,000
8,244,000
8,884,000

5,085,000
5,058,000
4,979,000
5,259,000
5,820,000
6,312,000

6,425,000
6,632,000
6,656,000
7,082,000
7,140,000
7,272,000

157,000 1,481,000 6,868,000
169,000
202,000
234,000
266,000
382,000
379,000

1,784,000
1,981,000
2,118,000
2,197,000
2,375,000
2,244,000

7,223,000
8,081,000
8,646,000
9,035,000
9,499,000
9,290,000

272,000 2,117,000 8,029,000
301,000
388,000
451,000
500,000
555,000
629,000

A v e r. 6 y e a rs . 3,733,000 3,753,000 7,486,000 1,955,000
1890-91................
1891-92..............
1892-93*..............
1893 94*..............

822,000
959,000
1,053,000
1,012,000
1,109,000
1,240,000

94,000 1,033,000 5,419,000

1,157,000
1,299,000
1,169,000
1,344,000
1,418,000
1,558,000

A v e r. 6 yea rs. 3,469,000 3,043,000 6,512,000 1,845,000
1884-85..............
1885-86................
1886-87...............
1887-88................
1888-89................
1889-90................

76,000
65,000
88,000
99,000
100,000
132,000

Total
World.

Total
U. S.

South.

1,909,000
2,278,000
2,423,000
2,530,000
2,685,000
2,731,000

8,597,000
9,371,000
9,757,000
10107000
10524000
11055000

471,000 2,426,000 9,912,000

2,262,000
2,430,000
2,840,000
1,991,000

696,000
790,000
849,000
839,000

2,958,000 11726000
3,220,000 11721000
3,189 000 11433000
2,830,000 111714000

* F ig u r e s f o r E u r o p e a n C o n su m p tio n f o r 18 9 2 -9 3 a n d 1 8 9 3 -9 4 w ill
p ro b a b ly b e c h a n g e d s lig h tly b y M r. E lliso n w h e n h e m a t e s u p h is
O c to b e r a n n u a l.

Another general table which we have compiled of late
years is needed in connection with the foregoing to furnish a
comprehensive idea of the extent and expansion of this in
dustry. It discloses Europe and America’s cotton supply,
and the sources of it. The special points we have sought to
illustrate by the statements are, first, the relative contribu
tion to the world’s raw material by the Uaited States and by
other sources, and, second, to follow its distribution.
W O R L D ’S S U P P L Y AN D D IS T R IB U T IO N O P COTTON.

1806-67.
1807-08.
1808-69.
1869-70.
1870-71.
1871-72.

2,349,000
1,619,000
1,338,000
1,520,000
1,725,000
2,578,000

2,453,000
2,320.000
2,525,000
2,324,000
2,346,000
1,961,000

1,540,000
1,267,000
1,548,000
2,168,000
1,616,000
2,405,000

1,939,000
1,679,000
1,800,000
1.841,000
1,614,000
1,499,000

A v e r ’g e
1890-91.
1891-92.
1892-93.
1893-91.

5,085,000
5,058,000
4,979,000
5,259,000
5,820,000
6,312,000

1,400,000
1,280,000
1,260,000
1,350,000
1,696,000
1,785,000

219,000
58,000
260,000
375,000
882,000
608,000

53,000
48,000
55,000
80,000
85,000
90,000

4,283,000
4,597,000
4,216,000
5,171,000
4,933,000
5,425,000

2,083,000
2,320,000
2,309,000
2,018,000
1,897,000
1,500,000

6,366,000
6,917,000
6,525,000
7,189,000
6,830,000
6,931,000

0,425,000
6,632,000
6,656,000
7,082,000
7,140,000
7,272,000

1,591,000
1,682,000
1,619,000
1,732,000
1,318,000
1,214,000

729,000
843,000
705,000
614,000
643,000
326,000

74,000
80,000
70,000
85,000
75,000
80,000

1,068,000
1,499,000
1,922,000
1,362,000
1,704,000
1,505,000

199,000
49,000
246,000
254,000
701,000
434,000

56,000

5.037.000
6,556,000
7,519,000
6,073,000
8,058,000
6,485,000

1,398,000
1,894,000
1,837,000
2,510,000
2,350.000
2,434,000

7.035.000
8,450,000
9,350,000
8,583,000
10,408,000
8,919,000

7,223,000
8,081,000
8,646,000
9,035,000
9,499,000
9,290,000

77.000

6,420,000
7,480,000
7,450,000
9,000,000
8,079,000
8,525,000

2,007,000
2,100,000
2,478,000
2,100,000
2,350,000
2,580,000

8,427,000
9,580,000
9,928,000
10,100,000
10,429,000
11,105,000

8,597,000
9,371,000
9,757,000
10167000
10524000
11055000

10170000 2,488,000
1O8OOCO0 2,330,000
8,044,0.0 2,090,000
8,920,00 2,900,000

12,659,000
13,190,000
10.734,000
11,820,000

11720000
11721000
11433'00
11714000

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

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

1.9 8 1 .0 0 0
2 .1 1 8 .0 0 0
2 .1 9 7 .0 0 0
2 .3 7 5 .0 0 0
2 .2 4 4 .0 0 0
1 .9 0 9 .0 0 0
2 .2 7 8 .0 0 0
2 .4 2 3 .0 0 0
2 .5 3 0 .0 0 0
2 .6 8 5 .0 0 0
2 .7 3 1 .0 0 0
2 .9 5 3 .0 0 0
3 .2 2 0 .0 0 0
3 .1 8 9 .0 0 0
2 .8 3 0 .0 0 0

In d ia .

Total.

3 0 1 ,4 8 0 8 ,3 8 2 ,4 8 0
3 7 1 .4 0 0 9 .0 1 7 .4 0 0
3 8 9 ,6 0 0 9 ,4 2 4 ,6 0 0
4 4 7 .4 0 0 9 .9 4 6 .4 0 0
5 2 0 ,7 0 0 9 ,8 1 0 ,7 0 0
5 8 4 .8 0 0 9 ,1 8 1 ,8 0 0
6 3 0 ,3 0 0 1 0 ,0 0 1 ,3 0 0
7 1 1 .8 0 0 1 0 ,4 6 8 ,8 0 0
7 7 1 ,6 7 0 1 0 ,9 3 8 ,6 7 0
8 7 0 ,8 8 0 ,1 1,394,880
9 8 8 ,2 9 3 12,0 4 3 ,2 9 3
1 ,1 5 5 ,3 2 8 1 2 ,8 8 1 ,3 2 8
1 ,1 4 2 ,6 1 9 12,8 6 3 ,6 1 9
1 ,1 4 7 ,5 8 8 1 2 ,5 8 0 ,5 8 8
1 ,1 5 5 ,0 0 0 1 2 ,8 6 9 ,0 0 0

N o t e . — T h e a b o v e d o e s n o t in c lu d e A m e ric a n c o tto n c o n su m e d i n
C a n a d a , i n M exico, a n d b u rn t.

Overland and Crop Movement.

Overland.—This year’s overland movement has exhibited
peculiar features. It will be remembered that last season,
although the crop was a small one—over two and a-quarter
million bales less than in the previous season—the overland
shipments fell off but little more than half a million bales.
But this season, although the yield is fully three quarters of a
million bales greater than in 1892-98, the gross overland has
still further decreased, though only [slightly. An explanation
for this change from the all-rail to the water route for mar
keting the crop is found in the fact that Northern mills, which
obtain their supply of cotton wholly or chiefly by rail, have in
the aggregate taken materially less the current season than in
the previous year, while the volume of exports to foreign
ports from Southern' outports direct has largely increased.
The changes from last year in the manner of marketing this
overland cotton have been quite important. The routes via
St. Louis have handled nearly twenty-five per cent more than
in the previous year, cotton heretofore going via Hannibal
and Higbee having been diverted to that point. The move
ment via Cairo has inci'eased about ten per cent, but via
Louisville, Evansville, Cincinnati and “ other routes” ship
ments have been less than in 1892-93.
With regard to the marketing through the Southern out
ports the changes reflect in part thé alterations in yield of the
different sections. For instance, the Atlantic ports have not
only recovered the previous year’s loss, but have approached
closely to the high totals of 1891-92, the yield being relatively
better in that portion of the cotton belt than elsewhere. The
movement through New Orleans was slightly greater than
last year, but receipts at Galveston, &c., exhibit a falling off
The variations that have taken place for a series of years are
noted in the following statement.

W ilm in g t’n , &c.
N orfolk, &c.......
C h arlesto n , &c.
S av an n a h , & c..
F lo r id a ..............
M o b ile ............
N ew O rle a n s ...
G alv e sto n , &c..
N. Y., B o st., &c.

03-03
10-20
05-01
14-12
00-50
02-84
2515
14-19
04-05

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

1,230,000
1,210,000
1,248,000
905,000
902,000
1,120,000

449,000
590,000
593,000
649,000
597,000
314,000

T o ta l th ro u g h
all p o r t s .......

1,706,000
2,963,000
2,400,000
3.253,000

560,000
647,000
400,000
5=8,000

79-49 76-29 79-19 80-79 80-35 79-99 79-83 81-66 82-39 84-25

100,000
125,000
111,000
125,000

O v erlan d n e t... 10-90 12-79 13-27 12-21 12U4 12-99 13-80 12-21 12-42 11-06
S o u th e rn cons u m p tio n ....... 09-61 10-92 7-54 7-00 7-51 7-02 6-31 6-13 05-19 4-69

90,000
88,000
130,000
160,000
120,000
115,000

T o illu s tr a te th e p re c e d in g , ta k e th e l a s t s e a s o n , 18 9 3 -94, a n d t h e
r e s u lts w o u ld b e a s fo llo w s :
■Supply—V isible a n d in v isib le s to c k b e g in n in g o f y e a r ............................. 2,800,000
T o ta l crop d u rin g y e a r ...................... ........................... .....................

11,810,000

T o ta l su p p ly —b ales o f 400 lb s....................................................

14,620,000

JDistribution—T o ta l c o n s u m p tio n .................................................. 11,714,000

B u rn t, &c., d u rin g y e a r ............................................. 125,000—11,839,000
L e a v in g v isib le s to c k .............................................. 2,253,000
L e av in g in v isib le s to c k ...................................... 528,000
T o ta l v isib le a n d in v isib le sto c k s a t e n d o f y e a r . . .

2,781,000

t T h is c o lu m n c o v e rs c o tto n e x p o rte d to c o u n trie s n o t c o v e re d b y f lg .
tir e s o f c o n su m p tio n , a n d c o tto n b u r n t in U . 8 ., o n sea . a n d in E u ro p e .




18798 0 ...,
1 8 8 0 - 8 1 . .. ,
1 8 8 1 - 8 2 ...,
18823 3 ...,
18838 4 ...
18848 5 ...
18858 6 ...,
18868 7 ...
18878 8 ...
1888- 8 9 ...
1889-9 0 ...
1890-9 1 ...
1891-9 2 ...
18929 3 ...,
1 8 9 3 - 9 4 . ..

U nited
States.

Per cent o f Crop
Received at—

96,000

7,659,000 2,269,000 9,928,000 9,912,000
1,434,000
2,260,000
3,610,000
2,800,000

85.000
88,000
90,000
100,000
120,000
95,000

Continent

B rita in .

117,000

0,721,000 2,071,000 8,792,000 8,629,000

A v e r’g e
1884-85.
1885-86.
1886-87.
1887-88.
1888-89.
1889-90.

4,408,000
4,825,000
5,216,000
5,544,000
6,758,000
6,277,000

4.771.000 2,022,000 6.793.000 6,868,000

A v e r’g e
1878-79.
1879-80.
1880-81.
1881-82.
1882-83.
1883-84.

2,178,000
2,107,000
2,564,000
2,113,000
2,025,000
3,036,000

3,167,000 2,337,000 5,504,000'5,419,000

A v e r’ge
1872-73.
1873-74.
1874-75.
1875-76.
1870-77.
1877-78.

2,230,000
2,718,000
2,652,000
3,431,000
4,733,000
3,241,000

Total
Crop.

Total Balance of year’s supply.
Actual E nd o f Tear.
ConB u r n t,
sum pt’n. Visible. Invisi <fcc.+
ble.

Great

W orld’s
Consum ption.

11892-93.
1

Supply
United
begin'ng
of Other
States.
of year.
Covntr’s

The foregoing clearly demonstrates the course of the cotton
industry in Europe and the United States. By including
India, the actual world’s consumption for a series of years
would appear as follows :

11893-94.
1

Crops.

Visible
and

L1X ,

<d
M
O
1
,O
rH
d
00
rH
02-29
09-54
05-18
13-22
00-30
02-05
27-71
13-27
04-73

©
O
d
O
d
oo
rH

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

02-33
10-42
04-50
15-24
00-52
03-37
20-99
12-03
04-95

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

03-31
13-91
06-30
13-70
00-49
02-90
25-30
09-83
03-97

C
O
00
00
C
O
rH

1884-85.

1,703,000
1,730,000
1,461,000
1,584,000
1,906,000
2,057,000

North.

ol.

1886-87.

2,560,000
2,369,000
2,465,000
2,663,000
2,805,000
3,015,000

3866-67 ................
1 8 6 7 - 6 8 .............
1868-69................
1869-70................
1870-71............. .
1873.-72.................

Total
Europe

1887-88.

Great
Conti
Britain. nent.

1888-89.

Europe.
Consumption.
Bales 400 lbs.

IV

1890-91.

4 0 4

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

02-58
12-37
07-68
12-42
00-83
03-79
26-94
11-20
04-58

03-17
13-07
09-22
12-54
01-46
04-18
27-00
08-52
04-49

T o t. U . S. cro p . 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
net overland, as the remainder of the gross 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 gross overland reaches a market by some all-rail
route ; hence in measuring the total overland we can do so
correctly only by using the gross figures. To indicate there
fore the progress made in the movement since 1875-76, we give
the following:

Septem

Crop o f

ber

Total Yield.
Bales.

1894-94
1892-93
1891-92
1890-91
1889-90
1888-89
1887-88
1886-87
1885-86
18811883-84
18821881-82
1880-81
1879-80
1878-79
1877-78
1876-77
1875-76

7 ,5 2 7 ,2 1 1
6 ,7 1 7 ,1 4 2
9 .0 3 8 .7 0 7
8 ,6 5 5 ,5 1 8
7 ,3 1 3 ,7 2 6
6 ,9 3 5 ,0 8 2
7 .0 1 7 .7 0 7
6 ,5 1 3 ,6 2 3
6 ,5 5 0 2 1 5
85 5 ,6 6 9 ,0 2 1
...
5 ,7 1 4 ,0 5 2
...
6.
83 . .,9 9 2 ,2 3 4
5 ,1 3 5 ,8 4 5
. ..
6 ,5 8 9 ,3 2 9
. ..
5 ,7 5 7 ,3 9 7
. ..
5 ,0 7 3 ,5 3 1
...
4 ,8 1 1 ,2 6 5
...
4 ,4 8 5 ,4 2 3
...
4 ,6 6 9 ,2 8 8
...
...
...
...
...
. ..
. ..
...
. ..
. ..

405

THE CHROJNLCLE.

8,1894.]

Increase a n d Decrease—

Gross
Overland.
Bales.
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 4 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

O f Orop.

O f Overland.

Per Ot.
Increase 12 ’0 6
Decrease 25*68
Increase 4*43
Increase 1 8 '3 5
Increase 5 '4 6
Decrease 1*18
Increase 7 '7 4
Decrease 0 '5 6
Increase 1 5 '5 4
Decrease 0*78
Decrease 18*28
Increase 2 8 '6 1
Decrease 1 7 '5 0
Increase 14*45
Increase 13*48
Increase 5 '4 5
Increase 7*26
Decrease 3 '9 4
Increase 2 1 '8 1

C h an g e fro m s e a s o n o f '7 5 -7 6 1 0 ’9 3 -9 4 1 Increase 6 1 '2 3

Texas.
E x p ’te d fro m G alv esto n ,& c.
— 1893-94.T o fo re ig n p o r ts (e x c e p t
7 8 2 ,1 6 6
M e x ic o )........................
T o M exico, fro m G a lv e s 
to n , C o rp u s C h ris ti, & c.
2 9 ,2 0 2
T o c o a s tw is e p o rts * ............ 2 5 3 ,1 1 6
S to c k a t c lo se of y e a r . . .
2 0 ,3 1 3 - 1 ,0 8 4 ,7 9 7

7 8 0 ,1 6 0
P er OK
DecreaseO'Z'Sd
3 3 ,1 6 1
Decrease 28*32
3 0 0 ,3 9 4
Increase 8 06
1 6 ,7 1 7 —1 ,1 3 0 ,4 3 2
Increase 16*58
Decrease 2*12 Deduct:
R e c e iv e d a t G a lv e s to n
Increase 1*27
fro m N ew O rle a n s ..........
Increase 11*59
R e c e iv e d a t E l P a s o , &c.
Increase 2*53
fro m G a lv e s to n , & c___
350
1 ,6 5 7
Increase 27*05
S to c k b e g in n in g o f y e a r . .
1 6 ,7 1 7 —
1 7 ,0 6 7
2 5 ,0 5 1 - • 2 6 ,7 0 8
Decrease 5*44
Decrease 13*07
1 ,0 6 7 ,7 3 0
1 ,1 0 3 ,7 2 4
Increase 7*26 T o tal p r o d u c t o f y e a r ..........
Increase 4*10
* o astw ise
p o rts in
de
,4 9
le s
d in la
Decrease 7*71 o o nCu m p tio n , e xh ic h a re cdlu d u c1 0 d in9 obvae r la s h ip p ete m e n n d a n d ta k e n fors
w
e
te
n d s ta
t.
Increase 32*47
Increase 28*54
Florida.
Increase 8*91 E x p o rte d fro m F e m a n d in a , &c.*
Decrease 9*50
T o fo re ig n p o r t s ................
500
7 ,6 1 0
Increase 52*42
T o c o a s tw is e p o r t s ..............
3 7 ,2 9 7
2 3 ,7 1 8
3 1 ,3 2 8
In c r’se 78*16 S to c k a t close o f y e a r .............................— 3 7 ,7 9 7 ................—
D educt:

In determining this year the portion of the crop forwarded
by each, of the different overland routes;, we have followed
our usual method :
First—Ot counting each bale of cotton at the Southern
outport where it first appears.
Second—Of deducting from gross overland all cotton shipped
by rail from Southern outports to the North.
Third—Of deducting also from overland any amounts taken
from Southern outports for Southern consumption.
Fourth—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, 1894 :

S to c k b e g in n in g o f y e a r ....................—

A m o u n t sh ip p e d —
Via St. L o u is .....................................................
Via C a iro ....................................... ...................
Via H a n n ib a l........................................ ...........
Via E v a n s v i l l e .. . .....................................
Via L o u i s v i l l e ...............................................
Via C in c in n a ti................................................
Via o th e r r o u te s ..............................................
S hip p ed to m ills , n o t in c lu d e d a b o v e ...

6 2 3 ,4 6 6
2 3 3 ,6 8 1
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

1892-93
4 9 3 ,1 0 8
205,701
1 3 8 ,8 0 2
1 3 ,9 8 2
14 3 ,0 8 8
1 0 9 ,7 6 0
1 6 6 ,7 7 3
1 6 ,2 9 8

1891-92
6 9 8 ,5 0 6
3 5 1 ,3 3 9
1 6 2 ,3 2 4
3 9 ,1 6 2
2 1 0 ,3 4 6
1 6 3 ,2 7 2
1 5 9 ,3 4 4
1 6 ,1 3 7

T o ta l g ro s s o v e r l a n d ............................. 1 ,2 5 3 ,8 5 6 1 ,2 9 0 ,5 1 2 1,8 0 0 ,4 8 2
Deduct s h ip m e n ts —
O v erlan d to N e w Y o rk , B o sto n , & o ....
B etw een in te r io r t o w n s .............................
G alv esto n , in la n d a n d lo c a l m ills ..........
New O rle a n s, in la n d a n d lo c a l m i l l s ...
Mobile, In la n d a n d lo c a l m ills .................
S a v a n n ah , in la n d a n d lo c a l m ills ............
C h arlesto n , in la n d a n d lo c a l m ills ........
N. C arol’a p o r ts , in la n d a n d lo c a l m ills.
V irg in ia p o r ts , in la n d a n d lo c a l m ills ..

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

31 3 ,7 3 1
3 3 ,0 6 5
5 ,0 5 0
1 6 ,5 0 2
2 1 ,9 ? 8
2 ,1 4 9
1 4 ,3 7 4
2,151
2 2 ,2 2 7

4 2 8 ,3 7 7
6 3 ,4 9 2
5 ,0 1 2
2 6 ,5 9 9
3 8 ,9 1 6
3 ,364
1 1 ,491
2 ,5 6 1
2 0 ,9 7 6

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

4 3 3 ,3 6 6

4 3 1 ,5 4 7

6 0 0 ,7 8 8

L e a v in g t o ta l n e t o v e r la n d * ............

8 2 0 ,4 9 0 8 5 8 ,9 6 5 1 ,1 9 9 ,6 9 4
* This t o ta l in c lu d e s s h io tn e a ts to C a n a d a , & c., b y r a il, w h ic h d u r in g
1893-94 a m o u n te d to 6 2 ,6 7 2 b a le s, a n d a r e d e lu o t d in th e s 'a t n u c n c
of c o n su m p tio n ; in 1 8 92-93 th e s e s h ip m e n ts w e re 5 4 ,2 7 6 b a le s a n d in
1891-92 th e y w e re 7 6 ,8 8 1 b a le s .

According to the above, the total carried overland this year
was 1,253,856 bales, against 1,290,512 bales last year and
1,800,482 bales the previous year.
Crop DaTAiLS —We now proceed to give the details of the
entire crop for two years.
Louisiana.

E x p o rted fro m N . O r le a n s :.--------189 3 -9 4.—
*
--------- 1 8 9 2 -9 3 .To fo re ig n p o r t s .................1 ,6 3 6 ,8 1 1
1 ,3 3 8 ,6 0 0
To c o a stw ise p o r ts ............. 4 0 4 ,9 3 3
4 0 7 ,7 0 1
To N o rth e rn p o rts , &c.
b y r iv e r a n d ra il* ............
1 2 ,1 1 2
2 ,4 5 4
M an u factu red * .........................
1 2 ,4 8 9
1 4 ,0 4 8
B u rn t................................. .........
200
..............
Stock a t clo se o f y e a r ..........
3 0 ,7 6 7 —2 ,0 9 7 ,3 6 2
3 7 ,0 5 1 —1 ,7 9 9 ,8 5 4
D e d u c t:
R eceiv ed fro m M obile___ 1 5 7 ,4 5 5
1 2 5 ,6 2 0
R eceived fro m G a lv e s to n
a n d o th e r T e x a s p o r t s .
9 ,7 6 2
6 ,8 2 9
Stock b e g in n in g o f y e a r ..
3 7 ,0 5 1 2 0 4 ,2 6 8
6 5 ,3 2 6 1 9 7 ,7 7 5
Total p ro d u c t o f y e a r
__
1 ,8 9 3 ,0 9 4
1 ,6 0 2 ,0 7 9
I n o v e rla n d w e h a v e d e d u c te d th e s e tw o item s*

Alabama.

E x p o rte d fro m M obile :*
To fo re ig n p o r t s ..................
3 4 ,6 6 0
3 6 ,4 8 6
To c o astw ise p o r t s .............. 1 8 4 ,0 2 9
1 4 8 ,8 6 4
M a n u f a c tu re d .........................
100
500
Stock a t clo se o f y e a r ..........
2 ,7 8 3 — 2 2 1 ,5 7 7
5 ,4 2 5 — 1 9 1 ,2 7 5
D educt:
R ec e ip ts fro m N . O rle a n s.
1 ,0 3 6
R eceip ts fro m P e n s a c o la .
1 5 ,9 9 1
1 1 ,3 0 1
Stock b e g in n in g o f y e a r . .
5 ,4 2 5 —
2 2 ,4 5 2
8 ,3 9 1 1 9 ,6 9 2
Total p ro d u c t o f y e a r
__
.
1 9 9 ,1 2 5
17 1 ,5 ^3
■ U n d e r t h e h e a d o f c o a s tw is e s h ip m e n ts fro m M obile a r e in c lu d e d
tw T
8 ? d ip p e d in la n d b y r a il n o r th a n d f o r S o u th e rn c o n su m p i
i
?
1 0 0 b a le s lo c a l c o n su m p tio n , w ill b e fo u n d d e d u c te d
i n one overland movement.




.................................... —

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

3 7 ,7 9 7

............. ’
.
3 1 ,3 2 8

* T h e se fig u res r e p r e s e n t th is y e a r , a s h e re to fo re , o n ly th e s h ip m e n t»
fro m t h e F lo r id a outports. F lo r id a c o tto n h a s a lso g o n e in la n d t o
S a v a n n a h , &c., b u t w e h a v e fo llo w e d o u r u s u a l c u sto m of c o u n tin g t h a t
c o tto n a t th e outports where it fir s t appears.

G e o r g ia .
E x p o r te d fro m S a v a n n a h :
T o fo re ig n p o r ts —U p la n d
To fo re ig n p o r ts —Sea I s ’d
T o c o a s tw is e p o r ts —
U p la n d * ..............................
S e a I s la n d ...........................
E x p ’d f r o m B ru n sw ic k ,& c .;
T o fo re ig n p o r t s ................
T o c o a stw ise p o r t s . ______
B u r n t . . . . ........ .
M a n u f a c tu re d * .......................
S to c k a t close of y e a r —
U p la n d ....................................
S e a I s l a n d .............................

Deduct :

1393-94.

------- 1 8 9 2 -9 3 .---------- .

R ec ’v ’d fro m C h’s to n , &c.
R ec e iv e d fro m F l o r i d a U p la n d ! . . . ...... ...............
S e a Is la n d t .......................
S to c k b e g in n in g of y e a r —
U p la n d .............................. .
S ea I s la n d ..........................

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

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

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

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

7 1 ,3 1 0
2 7 ,9 2 9
823
1 ,6 2 3

8 0 ,7 5 5
5 5 ,2 1 5
46
1 ,8 9 4

8 ,3 9 8
8 2 5 —1 ,0 8 1 ,5 7 6

1 0 ,0 8 7
1 ,4 1 2 — 9 4 0 ,0 1 9

6 ,2 4 0

4 ,3 4 2

540

578
1

1 0 ,0 3 7
1 ,4 1 2 —

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

1 8 ,2 7 9

7 ,9 3 4
1 ,7 9 5 —

1 ,0 6 3 ,2 9 7

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

* T h e a m o u n ts s h ip p e i in la n d a n d ta k e n f o r c o n su m p tio n a r e d e d u c te d
in o v e rla n d .
t T h e s e a re o n ly th e re c e ip ts a t S a v a n n a h b y w a te r fro m th e F lo r id a
o u tp o rts , a n d , b e in g c o u n te d in th e F lo r id a re c e ip ts , a r e d e d u c te d h e re ,
B esid es th e s e a m o u n ts th e r e h a v e a lso b e e n 1 7 ,2 8 2 b a le s U p la n d
a n d 1 4 ,999 b a le s S e a Is la n d , fro m th e in te r io r o f F lo r id a , re c e iv e d a t
S a v a n n a h d u rin g th e y e a r b y ra il.

S o u t h C a r o l in a .
E x p o r te d fro m C h a rle sto n :
T o fo re ig n p o r ts —U p la n d 3 2 4 ,1 3 5
T o fo re ig n p o r ts —S e a Is ’d
233
T o c o a s tw is e p o r ts —
U p la n d * ..............................
8 2 ,6 7 3
2 ,1 5 2
S e a I s la n d ..........................
E x p o r te d fro m P o r t R o y a l
a n d B e a u fo rt:
U p la u d .................................
7 9 ,9 1 5
170
S e a I s la n d ..........................
E x p o r t’d fro m G e o rg e t’n,& c
1,668
S to c k a t close of .y e a r —
U p la n d ....................................
1 1 ,2 7 7
S e a I s l a n d ........... ...............
4 6 3 — 5 0 2 ,6 8 6

D educt:

R e c ’d fro m S a v a n n a h U p la n d .................................
6 7 ,0 8 3
R e c e iv e d fro m P o r t R o y a l
a t C h a rle s to n —
S e a I s l a n d .....................................
R e c e iv e d fro m N . O rle a n s
300
S to c k b e g in u in g o f y e a r —
1 2 ,5 1 3
U p la n d ................................
S e a I s la n d ...........................
502T o ta l p r o d u c t of y e a r

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

2,200

2 ,0 5 0
1 ,559
1 2 ,5 1 3
5 0 2 — 3 2 5 ,3 4 4
1 7 ,1 3 3
824

8 0 ,4 0 3

1 5 ,0 9 7
156—

4 2 2 ,2 8 3

3 3 ,2 1 0
2 9 2 ,1 3 4

* I n c lu d e d in th is ite m a r e 1 2 ,2 2 5 b a le s, t h e a m o u n ts ta k e n b y l o c a l
m ills a n d s h ip p e d to in te rio r , a ll of w h ic h is d e d u c te d in o v e rla n d .

N o rth C a r o lin a .
E x p o r te d f ro m W ilm in g to n :
T o fo re ig n p o r t s .................. 1 6 7 ,4 0 4
T o c o a s tw is e p o rts * ............
2 1 ,6 3 9
E x p ’d f ’m W ash in g to n , &c.
3 8 ,3 4 4
M a n u f a c tu re d ..........................
1 ,1 6 2
B u r n t......................................... .
..........
S to c k a t clo se o f y e a r ........ .
1 ,3 7 5 — 2 2 9 ,9 2 4

D educt:

S to c k b e g in n in g o f y e a r ..

1 ,7 4 0 —

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

1 ,7 4 0

1 3 1 ,9 9 5
2 7 ,3 2 6
2 7 ,9 3 7
970
437
1 ,7 4 0 — 1 9 0 ,4 0 5
2 ,3 7 0 -

2 2 8 ,1 8 4

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

* Of th e s e s h ip m e n ts 1 ,0 5 1 b a le s w e n t in la n d b y r a i l fro m W ilm in g to n
a n d w ith lo c a l c o n su m p tio n a r e d e d u c te d in o v e rla n d .

V ir g i n i a .
E x p o r te d fro m N o r f o l k :
T o fo re ig n p o r t s ..................
T o c o a s tw is e p o rts* . . . . . .
E x p o r te d fro m W est P o i n t :
T o fo re ig n p o r t s ..................
T o c o a s tw is e p o r ts ______
E x p ’d fm N e w p ’t N ew s, &c.
T o fo r e ig a p o r t s ________
T o c o a s tw is e p o r ts ..............
T a k e n fo r m a n u fa c tu re . . . .
B u r n t...........................................
S to c k e n d o f y e a r , N o rfo lk ,
W est Point,N ew ,N ews,<fco.

1 7 4 ,0 1 0
3 3 6 ,7 1 7

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

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

5 9 ,9 3 6
1 3 6 ,2 1 2

4 8 ,2 1 0
2 ,2 3 1
1 1,78 4
179

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

2 ,7 2 1 — 8 1 5 ,2 0 4

6,300- 533,009

THE CHRONICLE.

[VOL. L1X,

New Crop and Its Marketing.
Of the growing crop we can say* little that is definite.
6 ,6 5 8
R e c e iv e d fro m M o b ile ....
There is no period of the whole growing season when so
2,220
R e c e iv e d fro m W ilm in g t’n
many unfavorable rumors get afloat as during the last half of
-R eceiv ed
fro m
o ilie r
2 3 ,8 3 4
3 1 ,2 3 8
N o rth C a ro lin a p o r t s . . .
August and the early part .of September, This year is no ex
R e c e iv e d a t N o rfo lk , &c.,
615
1 ,5 2 6
fro m W est P o in t, & c___
ception to the general condition in that particular. In Texas,
36,51(5
5 ,7 4 1 —
6 ,3 0 0 — 4 7 ,9 4 2
S to c k b e g in n in g o f y e a r . .
for instance, down to the first of July this year, the plant was
4 9 6 ,4 9 3
7 6 7 ,2 6 2
T o t a l p r o d u c t o f y e a r ..........
pronounced by all authorities of the State as being in a very
* In c lu d e s 2 7 ,4 31 b a le s s k ip p e d to tb e in te rio r , w M ob, w ith 1 1 ,7 8 4 promising shape, and a large addition to last year’s crop was
.b a le s ta k e n fo r m a n u fa c tu re , a re d e d u c te d in o v e rla n d .
said to be the outlook. Now it is claimed by some that since
Tennessee« & c .
the date named there has been great damage done, especially
^ S h ip m e n ts—
in the southern and central sections, first by drought in July
4 4 4 ,1 7 0
F ro m M e m p h is ................
4 9 0 ,1 5 2
3 6 ,6 7 2
and later by the August rains. Indeed, too much moisture
3 7 ,1 1 9
JP r o m N a sh v ille .......... .........
1F r o m o th e r p la c e s in T e n 
and a rank growth of the plant during the past month is a
9 6 9 ,7 6 9
n e sse e, M iss., T e x ., & c .. 9 0 6 ,6 0 3
‘® to c k i n M em p h is a n d N ashcomplaint which is common to a considerable section of
7 ,9 1 0 —1 ,4 5 8 ,5 2 1
5 ,3 1 7 —1 ,4 3 9 ,1 9 1
■ville a t e n d o f y e a r ............
almost every Southern State.
¿Deduct;
-S h ip p e d fro m M em p h is,
How much of loss to the yield must be deducted from the
■N ashville, & c .,d ire o t to
2 6 0 ,6 8 1
S o u th e rn o u tp o r ts .......... 3 0 6 ,1 7 1
total of the August expectations because of these later adverse
-S h ip p e d d ir e c t to m a n u 
©onditions no one can at present state with any accuracy.
8 5 8 ,9 6 5
f a c t u r e r s .. ....................
8 2 0 ,4 9 0
»'Stock a t M em p h is a n d
One fact seems to be assured, and that is that up to about the
.N a sh v ille a t b e g in n in g
2 4 ,8 4 4 —1 ,1 4 4 ,7 9 0 middle of August there was the promise of a full crop; so
7 ,9 1 0 —1 ,1 3 4 ,5 7 1
- o ty e a r .................................
3 1 3 ,7 3 1 that present and future estimates of damage must start with
3 0 4 ,6 2 0
" T o ta l s h ip m ’ts to N . Y ., &o.
A d d s h ip m e n ts to m a n u fa c 
8 5 8 ,9 6 5 a pretty strong and healthy plant at that date. We all know
8 2 0 ,4 9 0
tu r e r s d i r e c t ...... ................
T o t a l m a rk e te d b y r a i l fro m
that such a plant is able to endure a great many adversities
1 ,1 7 2 ,6 9 6
1 ,1 2 5 ,1 1 0
T e n n e ss e e , &e.* ..................
without suffering great depreciation; or, in other words, it
■* E x c e p t 8 4 ,3 3 4 b a le s d e d u c te d in o v e rla n d , h a v in g b e e n p re v io u s ly cannot easily be a victim of disease or become readily a prey to
'¡co u n ted .
T o t a l p r o d u c t d e ta ile d a b o v e b y S ta te s f o r th e y e a r e n d in g
'_____ its natural enemies.
S e p te m b e r 1 ,1 8 9 4 .................................................................. . . . b a l e s . 6 ,8 0 3 ,8 8 2
At the same time it is to be remembered that this crop is a
"C onsum ed in t h e S o u th , n o t in c l u d e d ........ ......................................... • 2 3 ,3 2 9
T o t a l c ro p in th e U . S. f o r y e a r e n d in g S e p t. 1 , 1 8 9 4 . .b a le s .7 ,5 2 7 ,2 1 1 late one—later probably everywhere than last year’s. We
speak with the knowledge that the receipts of new cotton up
,i4elow we give tbe total crop each year since 1838:
to this date have been larger than during the same period a
Years.
Bales.
Years.
Bales.
'Wears.
Bates.
1 8 9 3 - 9 4 . . 7 ,5 2 7 .2 1 1 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 year ago. The comparison with 1893, however, cannot be
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
T 8 9 2 - 9 3 ___6 ,7 1 7 ,1 4 2
1891^92
9 ,0 3 8 ,7 0 7 1 8 7 3 - 7 4 .... 4 ,1 7 0 ,3 8 8 1 8 5 2 - 5 3 .... 3 ,3 5 2 ,8 8 2 taken as so good a guide as usual to a conclusion respecting
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 maturity. It will be remembered that the marketing of the
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
1 8 8 8 - 8 9 . .. . 6 ,9 3 5 ,0 8 2 1 8 7 0 - 7 1 .... 4 ,3 5 2 ,3 1 7 1 8 4 9 - 5 0 .... 2 ,1 7 1 ,7 0 6 crop last year was greatly delayed by the financial conditions
1 8 6 9 - 7 0 .... 3 1 5 4 ,9 4 6 1 8 4 8 - 4 9 .... 2 ,8 0 8 ,5 9 6
1887-438___7 ,0 1 7 ,7 0 7
1 8 8 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 - 4 8 .... 2 ,4 2 4 ,1 1 3 which prevailed. We must accept the conclusion then that,
1 8 8 5 - 8 6 . .. . 6 ,5 5 0 ,2 1 5 1 8 6 7 - 6 8 .... 2 ,4 9 8 ,8 9 5 1 8 4 6 - 4 7 .... 1 ,8 6 0 ,4 7 9 speaking broadly, the plant is less advanced than a year ago
1 8 8 4 - 8 5 ... 5 ,6 6 9 ,0 2 1 1 8 6 6 - 6 7 .... 2 ,0 5 9 ,2 7 1 1 8 4 5 - 4 6 .... 2 ,1 7 0 ,5 3 7
1 8 6 5 - 6 6 .... 2 ,2 2 8 ,9 8 7 1 8 4 4 - 4 5 .... 2 ,4 8 4 ,6 6 2 at this date, and that consequently the future conditions may
1 8 8 3 - 8 4 ___5 ,7 1 4 ,0 5 2
1 8 8 2 - 8 3 . .. . 6 ,9 9 2 ,2 3 4 1 8 6 1 -6 5 ___N o re c o rd . 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 8 6 0 -6 1 . . . 3 ,8 2 6 ,0 8 6 1 8 4 2 - 4 3 .... 2 ,3 9 4 ,2 0 3 be a more important consideration than they sometimes are.
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 We bring forward our usual data bearing upon the maturity
1 8 7 9 - 8 0 ___ 5 ,7 5 7 ,3 9 7 1 8 5 8 - 5 9 .... 3 ,9 9 4 ,4 8 1 1 8 4 0 - 4 1 .... 1 ,6 3 9 ,3 5 3
1 8 7 8 - 7 9 . . . . 5 ,0 7 3 ,5 3 1 1 8 5 7 - 5 8 .... 3 ,2 3 8 ,9 0 2 1 8 3 9 - 4 0 . .. . 2 ,1 8 1 ,7 4 9 of the plant. First we give the date of receipt of first bale.
1 8 5 6 - 5 7 .... 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
This year the first arrival was from Texas, on June 26—the
£ 8 7 6 - 7 7 . . . . 4 ,4 8 5 ,4 2 3 1 8 5 5 - 5 6 .... 3 ,6 4 5 ,3 4 5
earliest date on which a first bale has been received since 1878.
Weight of Bales.
Last year the first bale also came from Texas, being received
The average weight of bales and the gross weight of the at Houston on June 30, and in 1891 the earliest arrival was
srop we have made up as follows for this year, and give last at Houston on July 6. In 1890, and in the three preceding
years Georgia furnished the first bale. But there is very little
year for comparison:
to be earned from a first arrival—the average of all the first
Year ending September 1 1893.
Year ending September 1,1894.
arrivals is somewhat of a guide.
Virginia.

<Orop of—

------ 1892-93.1,629
4 ,8 9 7

r ------1893-94.-

« d u c t;

Weight in
pounds.

Number
o f bales.

A v ’age N um ber
weight. of bales.

Weight in Average
pounds, f weight.

■ ,«67,730
1
4,893,C94
199,125
1,101,094
422,283
767,262
226,184
1,848,439

556,906,613
950,257,464
99,721,800
533.35°,923
203,337,710
374,162,987
110,098,780
920,578,075

521-58 1,103,724
501-9* 1,602,079
171,583
500-80
956,697
484-30
292,134
481-52
496,493
487-66
188,035
482-5
498-0 1,906,397

585,426,247
800,943,375
86,134,666
464,935,608
139,751,063
241,037,422
90,127,056
949,233,194

530-41
499-94
502-00
485-98
478-38
485-48
479-31
497-92

T o ta l crop 7,527.211

3,748,422,352

497-98 6,717,142

3,357,588,631

499-85

’i®
ESSSM . . . ..V!
3
'L o m B ia n a ....
M ia b a ia a .......
■G eorgia*.. ..
S o . C aro lin a.
1V ir g in ia ...
'.No. C aro lin a.
T e n n ’ssee.& c

" I n c l u d i n g F lo r id a .

^ ^According to the foregoing, the average gross weight per
ale this season was 497-98 lb;
n di87 lbs. less than last year. Had, therefore, as many
sounds been put into each bale as during the previous season,
¡he c ro p would have aggregated only 7,500,000 bales. The
elation < f the gross weights this year to previous years may
@
>e seen foam the following comparison :
1
N u m b e r o f B a le s.

B eßsem &f—

1 8 9 3 - 9 4 ........................
71 8 9 2 -9 3 ........ .................
1 8 9 1 - 9 2 .......................
1 8 9 0 9 1 .................
T 8 8 9 - 9 0 .......................
1 8 8 8 -8 9 .........................
1 8 8 7 8 8 ........................
1 8 8 6 - 8 7 ................... ..
" 1 8 8 5 -8 6 .........................
HL884-85 .........................
l& e « 3 -8 4 .........................
iaS-82-83 .........................
1’ 6 8 1 - 8 2 .........................
1
’ 1 8 8 6 - 8 1 .........................
* 1 8 7 9 -8 0 .........................
13 8 7 8 - 7 9 .........................
Ï Î-8 7 7 -7 8 .........................
*187 6 -7 7 .......................
1 8 7 5 - 7 6 .........................




W eig h t, P o u n d s

A verage.
W eig h t,
p e r B a le

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

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

497-98
499'85
498-78
49 9 -8 4
4 9 6 ‘13
495*66
485*35
486-02
485-40
481-21
4 8 2'86
490*60
475-62
485-88
481*55
473-08
480-15
468-28
471-43

C ro p .

\

Date o f Receipt o f F irst Bale.
1 888.

1889.

1890.

1892.

1891.

1893.

1894.

irginia —

N o r f o l k ............ A ug. 22 A u g .2 3 A ug.20 A u g .2 5 A ug 31

o. Carolina —
C h a r l o t t e ........
W ilm in g to n ...
>. Carolina —
C h a rle s to n . . .
eorgia —
A u g u sta . . . . . .
A t l a n t a ............
SavannahP ro m G a ....
F r o m F la .
A lb a n y .............

lorida—

A u g .2 6 S e p t, 4 A ug.26 A u g .2 4 Sep. 1 A u g .2 4 A ug.29
A u g .2 1 S e p t. 1 A u g .1 5 A ug.15 A ug 20 A u g .3 l A ug.22
A ug. 8 A ug. 17 A ug.’ 7 A ug. 8 A ug.13 A ug. 7 A u g .1 5
A ug. 3 A u g .1 5 A ug.
A u g .11 A u g .1 7

7 A u g .1 0

J u ly 25 A ug. .5 A ug. 2 A ug. 6 Aug. 1 J u l y 29 A u g .l l
A ug. 9 A.ug-17 A ug. 9 A ug. 12 A u g .2 6 A ug. 12 A ug.15
A ug. 6 A u g . l l
J u l y 5 J u ly 3 J u ly 5 J u ly 24

T a lla h a s s e e . . . A ug. 3 A ug. 10 A ug. 6 A ug

labam a —

A u g .l l A ug. 7 A ug.15
A ug. 16

7 A u g .3 1 A ug. 4 A u g .1 6

M o n tg o m e ry .. J u l y 31 A ug. 2 A ug. 2 A ug. 6 A ug. 8 A ug. 2 A ug. 14
J u ly 3 0 A u g .1 5 A ug. 9 Aug.- 8 A ug. 7 A ug. 4 A u g .l l
M obile
S e lm a ................ A ug. 2 A u g .1 0 A ug. 4 A ug. 6 A tig.12 A u g . l l A ug. .l9
E u f a u l a ............ J u ly 31 A ug. 7 A ug. 7 A ug. 6 A ug. 12 J u ly 29 A u g l
L ouisiana —
N e w O rle a n s —
ly 7
F ro m T e x a s . J u ly 29 J u l y 23 J u l y 29 J u l y 9 J u l y 12 J u l y 13 J uug.14
“ M iss. Val. A u g . 3 A u g .1 3 A ug. 8 A ug. 12 A u g .2 4 A ug. 3 A ug.16
A u g .1 3 A ug. 14 A ug.24 A ug. 14 A
S h r e v e p o rt— A ug. 9 A u g .2 0
M ississippi —
S e p t. 3 A u g .2 6 A ug.18
V ic k s b u r g . . . . A u g .1 5 A u g .2 1
C o lu m b u s ------ A ug. 11 A ug.26 A u g .2 1 A u g .1 8 A ug.27 Ailg. 19 A ug.17
A ug.21 A ug. 18 A u g .2 3 A ug.23 A ug. 30
G re e n v ille —
A rkansas —
L ittle R o c k ___ A ug. 9 A ug. 27 A u g .2 2 A ug. 19 A ug. 19 A u g .2 4 A u g .2 2
H e l e n a . . . . . . . . A ug. 22 A ug. 28 A u g .2 3 A ug.26 S e p t. 8 S e p t. 5
Tennessee—
A u g .2 0
A u g .l l
N a sh v ille —
A ug.17
M e m p h is ........ . A u g .l l A ug. 18 A ug. 18 A u g .2 2 Sep. 1 A u g .2 2
Texas —
J u ly 13 J u l y 24 J u l y 13
G a lv e s to n ----- J u l y 25 J u ly 24 J u l y 8 J u l y 23
B ee S a n P a t D eW itr D e W itt
D e W itt D u v a l D u v a l
W h ere fro m j C o u n ty C o u n ty C o u n ty C ounty B ee Co. C o u n ty C o u n ty
J u ly 19 J u ly 21 J u ly 21 J u l y 6 J u ly 11 June3<> J u n e 2 6
H o u sto n . . . . .
D e W itt D e W itt F a y ’tte D u v a l D u v a l D uval U valde
W h e re fro m | 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 t' C o u n t

Septem

ber

THE CHRONICLE

8 1894.1

407

Stock

August

As an indication of maturity the arrivals of new crop to the
The following useful table shows the crops and movement
first of September usually are a much better test. Still there of Sea Island since the war :
are almost always circumstances which hasten or retard the
Crop.
.f
Foreign Exports.
early movement. Last year, as already said, early marketing
3
.5
Season.
■w hindered by the financial stringency. This year the
as
Flori Geor South Tex
Great
Total
Caro as. Total. Brit’n. Conti exports I f
movement is natural. Accepting that conclusion as correct, a
gia.
da.
nent.
lina.
very fair idea of the condition of the plant can be gained from 1893-94 .. 19,107
39,367 2,578
61,052 32,047 4.686 37.333 24,345 1,288
the table below. Receipts have thus far been smaller 1892-93 .. 9,6tS5 28,624 7,413
45,42i? 20,647 1,901 22,548 22.911 1,914
1891-92 .. 20.628 27.100 11,443
59,171 24,915 2.653 27.568 32,093 1,951
than in the previous five years, only excepting 1892 and 1898. 1890-91 .. 25.S20 26,531 16,207
68,118 34,293 4,823 39.116 26,651 2,441
A R RIV A LS O P N E W COTTON TO S E P T E M B E R 1 .

1888.

18 8 9 .

18 9 0 .

18 9 1 .

18 9 2 .

C harlotte, N . C ..........
28
1
39
C harleston, 8. C ........ 2 ,4 0 6
3 6 5 4 ,0 4 0 1 ,1 0 5
197
A ugusta, G a ................
506
179 3 ,2 5 0
*300
301
S av an n ah , G a ............. 1 6,334 12 ,2 8 9 18,148 8,168 2,0 0 3
Columbus, G a ..............
513 1,311 1 ,132
843
136
M ontgom ery, A la —
1,821 4 ,6 6 0 7 ,0 2 6 2,7 3 9
89
Mobile, A l a .................
602
899 1 ,6 5 4 1,2 8 8
62
Selma, A la .................. 1 ,0 0 0 3,511 5 ,4 6 0 3,750
100
E ufau la, A la ..............
628 1,658 1,671
640
82
New O rle a n s, L a ___ 1 ,705 3 ,8 4 3 17,381 14 ,6 8 5 4 ,6 6 6
Shrev ep o rt, L a . . ___
101
303
118
225
2
V icksburg, M iss........
6
14
18
Columbus, M iss..........
22
34
3
1
17
M emphis, T e n n ..........
50
20
20
7
G alveston, T e x a s .. . . 1 1 ,4 5 6 1 7 ,0 6 0 20 ,4 2 5 27 ,4 0 4 1 2,181

1 8 93.

1 894.

1
2
674
148
*250
367
7 ,2 7 5 3 ,005
*500
760
*300
759
354
264
413
26 y
241
275
5 ,4 29 15,233
56
9
1
4
32
6
13
4
7 ,7 0 8 1 7 ,5 5 0

T o ta l a ll p o rts to
S e p te m b e r 1 . . . 3 7 ,1 9 0 4 5 ,9 5 3 8 0 ,5 6 6 6 1 ,1 7 2 1 9 ,8 2 0 22 ,7 21 39,181
* E s tim a te d ; n o r e tu r n s re c e iv e d .

1889-90
1888-89
1887-88
1886-87
1885-86
1884-85
1883-84
1882-83
1881-82
1880-31
1879-80
1878-79
1877-78
1876-77
1875-76
1874-75
1873-74
1872-73
1871-72
1870-71
1869-70
1868-69
1867-68
1866-67
1865-66

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

25.111 12,431 9.299
46,841 25,984
26,909 7.462 9,532
43,903 21,245
24.753 6,254 8,564
39.571 18,605
30,991 6,411 7,735
45,137 25,216
24.272 6,390 7,010
37.672 14,748
24.987 3,075 12,863
40,925 18,422
14,073 2,956 8,415
25,444 12,166
18,054 3,126 15,715
29 36,924 21,565
21,842 6,049 10,642
19 38,552 22,303
18,410 3.179 14,845
8 36,442 20,259
13,318 8,420 9,966
26,704 13,729
13,776 2,052 7,133
2 22,963 10,456
14.739 3,608 6,448
«0 24,825 12,594
11,214 1,669 4,911
29 17,823 11,865
8.950 1,213 4,756
77 14,993 11,591
8,313 1,110 7.400 204 17,027 13,139
. 8.825 1,408 8,759 920 19,912 16,986
10,764 1,269 13.156 1.100 26,289 22,847
5,624 1,507 8,755 899 16,845 14,991
8,753 4,934 7,218 704 21,609 19,844
9,948 9,225 7,334
26,507 22,776
6,703 6,371 5,608
18,682 15,388
10,402 6,296 4,577
21,275 19,707
11,212 10,015 11,001
32,228 30,314
2,428 10,957 5,630
19,015 18,086

2,294
1,800
1,915
1,435
1,680
3.143
1,413
1,892
2,453
4,136
3,294
2,212
3,701
1,369
1,345
1,907
1,887
622
593
61
1,940
1,851
152
392
145

28.278
23,045
20,580
26,651
16.428
21,565
13,579
23,457
24,750
24,395
37.023
12.698
16,295
13,234
12,936
15,046
18,873
23,469
15,584
19,905
24,716
17,239
19,859
30,706
18,231

19.142
20,336
19,635
20,516
19,933
17,965
11,674
13,573
14.762
11,270
9,389
10,365
9,451
4,068
1,915
2,192
2,113
1,523
1,526
1,672
1,399
1,388
1,670
1,597
1,100

9Q
669
147
841

2371

1,610
215
24
180
1,096
319
27
127
1,048
527
382
593

1.667
37ft

635
603
21'
158

410
485

T o ta l .. 449,111 243,769 254,973 4,021 911.874 167.3-8 57,735 625,113 320,274

* T h e c o lu m n o f “ A m e ric a n C o n su m p tio n ” in th is ta b le in c lu d e s b u r n t
m th e U n ite d S ta te s .

Sea Island Crop and Consumption.
Movement of Cotton at the Interior Ports.
Below we give the total receipts and shipments of cotton a t
With the opening of the season of 1898-94 we began the com
pilation of a weekly record of the Sea Island crop, and our the interior ports and the stock on the 1st of September of
readers have therefore been kept well informed as to the each year.
movement of .this variety of cotton. The correctness of our
Y e a r e n d in g S ep t. 1 ,1 8 9 4 .
Y e a r e n d in g S ep t. 1 ,1 8 9 3 .
methods in compiling the totals from week to week is pretty
T ow ns.
R e c e ip ts . S h ip m ’ts. 1S to ck . R e c e ip ts . S h ip m ’ts. Stock
well established by the results given below, which do not
differ materially from the figures published in the C h r o n i c l e E u fa u la , A la . ..
2 0 ,5 5 4
2 0 ,6 2 2
712
2 0 ,354
2 0 ,9 1 7
780
M’tg
e , A la.
3 2 ,5 6 4
9
of August 24. At the same time we beg to acknowledge our 8 elmo mA ry .......... 131.325 1 6 1 ,9 4 8 1 ,0 3 4 104,978 1 0 5 ,1 0 1 2 ,1 7 3
a, la
6 1 ,3 1 4
84
5 1 ,9 7 5
5 2 ,933 1 ,7 1 8
3 4 ,2 1 8
indebtedness to those who have assisted us in presenting this H e le n a , A rk ___
3 4 ,7 6 4
161
3 0 .819
3 1 ,6 2 3
707
L ittle R o ck , A rk
7 1 .7 2 5
7 5 ,2 5 9
69
3 l 755
33,301 3,603
report.
A lb an y , G a . . . . .
3 6 ,7 0 9
3 6 ,4 7 3 1,461
3 2 ,0 6 6
3 1 ,9 5 2
Florida.

---------- 1 8 9 3 -9 4 .--------- , ,--------- 1 8 9 2 -9 3 .Rec’ts a t S a v a n ’h ,& c .h a le s
1 4 ,9 9 9
6,9 41
R eceipts a t C h a r le s to n .,..
53
’ 6
Receipts a t N ew Y o rk , ¿fee.
4 ,0 5 5
2 ,738
Shipm ents to L iv e rp o o l
dire c t fro m F lo r id a .........
.
T ot.Sea Is la n d c ro p o f F la .

1 9 ,1 0 7

9,685

Georgia.
R eceipts a t S a v a n n a h ........5 4 ,2 5 9
R eceipts a t B ru n sw ick ,& c .
1 7 4 —5 4 ,4 3 3
D ed u ct —
R eceipts fro m F l o r i d a . 1 4 .9 9 9
Rec’p ts fro m C h a rle s ’n , &c ' 6 7 —1 5 ,0 6 6
Tot. Sea I s la n d c ro p o f G a.

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

2 8 ,3 2 1

South Carolina.
R eceipts a t C h a r le s to n ___ 2 ,4 1 9
Receipts a t B e a u fo r t, & c .,
2 1 2 — 2 ,6 3 1
D edu ct —
R eceipts fro m F lo rid a , &c.
53—
53
Tot. Sea I s la n d c ro p o f S.C.
Total Sea Is la n d c ro p of
th e U n ite d S ta te s ..............

5 ,3 3 6
2 ,0 8 3 — 7 4 1 9
6—

6

2 ,5 7 8

7 ,4 1 3

6 1 ,0 5 2

4 5 ,4 2 2

The distribution of the crop has been as follows:
S u p p ly y e a r e n d in g
S e p t. 1 ,1 8 9 4 .
P o rts of—
S to ck
S e p t .l ,

1 8 93.

N ow
D is tr ib u te d .

O f w h ic h
E x p o r te d to—

T o ta l
F o r ’g n
E x
S to c k , L e a v ’g
N et
T o ta l
G rea t
p o r ts .
C ro p . S u p p ly S e p t. 1, f o r D is - B r i t ’n . H a v r e
1 8 94. tr i b ’t’n .
<f:C
.

S. C arolina.
G eorgia___
F lo rid a ___
Texas____
New Y o rk .
Boston . . . .
B altim ore .
Philadel.& c

502 2 ,578 3 ,0 8 0
1 ,412 3 9 ,3 6 7 4 o ,7 7 9
19 ,1 0 7 19,107

T o ta l...

1 ,9 1 4 6 1,052 6 2 ,9 6 6

463 ‘ M l
¿
386
17
403
8 2 5 3 9 ,9 5 4 23,081 2 ,3 2 6 25,407
1 9 ,1 0 7
3 ,688 2,343
5 ,4 2 0
72

6,0*31
5,420
.72

1,288 61 ,6 7 8 3 2 ,6 4 7 4 ,6 - 6 37,333

From the foregoing we see that the total growth of Sea
Island this year is 61,052 bales; and with the stock at the
beginning of the year (1,914 bales), we have the following as
the total supply and distribution :
T h is y e a r’s c r o p . . . . . . . . . . ........ ........................
Stock S e p te m b e r 1, 1 8 9 3 ....................... .

ha/ian
........ 1

T o tal y e a r ’s s u p p l y ........ . . . . ................ ................................. b a le s.

at

l ’y l4
,

6 2 ,9 6 6

Distributed as follows :
8 ^ r t e ^ t ^ f o r e i s a p o r t 8 .................................. . . . . . . h a l e s . 3 7 ,3 3 3
ctocii e n d o f y e a r ............. ......................................................
1 ,2 8 3
L e a v in g f o r c o n s u m p tio n in U n ite d S t a t e s . . . ...............b a le s .

38 621

24,345

A th e n s, G a ........
8 5 ,8 4 0
8 6 ,7 1 0
A tla n ta , G a ........ 127,2 0 8 1 2 8 ,1 5 5
A u g u sta, G a ___
1 8 4 ,4 3 7 1 8 7 ,8 0 7
C olum bus, G a ..
6 5 ,3 4 0
6 4 ,3 8 3
M aoon, G a ..........
6 6 ,2 5 8
6 5 ,9 8 3
R om e, G a ............
5 9 ,6 4 5
6 0 ,3 4 3
L ouisville, K y*.
7 ,6 6 4
7 ,8 1 7
S h re v e p o rt, L a .
7 8 ,3 8 5
7 9 ,3 7 2
C olum bus, M iss.
2 5 ,3 4 4
2 5 ,8 0 8
G re e n v ille , M iss
2 9 ,1 2 9
2 9 ,5 7 7
M erid ia n , M iss
3 6 ,0 0 2
3 6 ,0 7 5
N a tch e z , M i$s..
3 6 ,6 2 5
3 8 ,4 5 6
V icksburg, M iss
5 2 ,115
5 0 ,8 2 2
Y azo o C ity ,M iss
4 8 ,0 3 8
5 0 ,0 9 0
St. L ouis, M o ...
621,8 3 5 6 2 3 ,4 6 6
C h a rlo tte , N . C.
2 0 ,8 3 5
2 0 ,9 1 2
R aleig h , N . C . ..
3 0 ,4 9 0
3 0 ,8 6 6
C in c in n a ti, O . .. 2 4 7 ,0 5 3 2 5 0 ,7 9 9
C olum bia, S. C..
2 4 ,2 7 9
2 4 ,2 7 9
N e w b e rry , S. C.
1 8 ,0 0 0
1 8 ,0 9 3
M em phis, T e n n . 4 8 8 ,1 9 1 4 9 1 ,0 0 2
N ashville, T en n .
3 7 ,3 3 7
3 7 ,1 1 9
B re n h am , T e x . .
5 4 ,6 9 3
51,671
D allas, T e x a s ...
4 4 ,0 2 8
4 4 ,0 5 2
H o u sto n , T e x .. 1 ,106,199 1,1 0 1 ,6 2 8

600
156
2 ,892
1 ,6 9 4
1,221
422
417
1 ,5 1 0
269
35
215
758
1,645
1,211
1 7 ,8 7 2
23
410
3,001
50
4 ,6 0 3
714
4 ,3 7 2
11
8 ,813

37,075
3-1,155
1 0 9 ,2 2 6 111,7 2 2
161,827 1 6 1 ,0 5 6
6 7 ,169
6 3 ,5 2 4
5 2 ,4 7 5
5 2 ,5 7 9
5 6 ,105
5 7 ,461
8,710
9 ,285
6 4 ,1 5 4
6 6 ,8 2 0
19,433
1 8 ,8 9 3
2 9 ,0 -4
2 3 ,7 3 3
2 2 ,783
2 2 ,7 9 0
3 5 ,2 5 6
36 027
5 2 ,0 3 5
4 7 ,4 3 2
3 9 ,2 6 4
-38,004
4 6 9 ,2 0 9 4 9 6 ,1 0 8
1 9 ,768
1 9 ,663
2 4 ,«80
2 4 ,8 4 4
2 Ì3 .1 8 0 2 1 7 ,1 8 3
2 7 ,4 4 2
2 7 ,4 4 2
1 1 .1 1 4
11.071
4 2 7 ,3 7 0 4 4 4 ,3 2 6
3 6 ,* 9 1
3 6 ,6 7 2
5 1 ,2 9 3
5 1 ,7 6 0
3 8 ,0 5 8
3 8 .071
1 ,1 1 9 .2 8 1 1 ,1 2 1 ,5 9 4

1,223
1,470
1,103
6,262
731
946
1 ,1 2 0
570
2 ,4 9 ?
733
483
288
2 ,5 8 0
6 ,3 5 2
3 ,2 6 3
1 9 ,5 0 3
10O
786
6 ,7 4 7
143
7 ,4 1 4
496
1 ,3 5 0
35
4 ,2 4 2

T o ta l, 31 to w n s. 3,9 5 0 ,8 2 1 3 ,9 7 2 .9 1 5 57.315^3,4 6 « ,844 3 ,5 2 0 ,0 5 2 7 9 ,4 2 0
* R e c e ip ts a n d s h ip m e n ts a r e n e t fig u re s in b o th y e a rs.

Shipments in this statement include amouats taken from
interior towns for home consumption and amounts burnt.
Exports.
In the first table given in this report will be found the for
eign exports the past year from eica port to Great Britain,
France and other ports, stated separately, as well as the totals
to all the ports. In the following we give the total foreign
exports for six years for comparison.
TO TAL EX PO R TS O P COTTON TO FO R E IG N PO R TS P O R S IX Y E A RS.
F rom—

E x p o r ts (b a le s ) to F o re ig n P o r ts f o r Y e a r E n d i n g A u g . 3 1 .

1889.
1890.
1891.
1892.
1393.
1894.
N. O rT ns. 1 ,4 8 9 ,4 8 7 1 ,840,597 1,9 5 5 ,5 4 0 2,162,1-59 1, 3 3 ,6 0 0 1,6 3 6 ,8 1 1
M o b ile . . .
5 0 ,4 9 8
4 4 ,7 8 9
5 3 ,204
3 7 ,866
3 4 ,4 8 6
3 4 ,6 6 0
So. C a r . . .
2 5 7 ,5 2 4 2 4 0 ,3 3 2 414 ,2 5 2 35 ».212 2 7 ,5 5 0 4 0 4 '4 5 3
G e o rg ia .. 4 0 8 ,8 4 9 6 4 9 ,3 5 4 7 1 9 ,7 9 2 6 1 0 ,8 3 9 4 4 ,473 5 8 7 ,6 3 0
T e x a s ___ 3 1 6 ,8 3 2 4 7 0 ,4 6 5 6 4 7 ,5 8 8 8 4 3 ,9 3 6 813,3 2 1 811,3 6 8
F lo r id a ..
2 1 ,4 2 6
7 ,6 1 0
500
No. C a r ..
1 0 0 ,7 4 7 1 1 2 ,1 4 9 163,3 6 8 11 «,573 131,9 9 5
04
V ir g in i a . 5 4 4 ,0 5 4 4 8 3 ,4 2 1 5 7 6 ,5 2 5 3 3 4 ,9 ^8 2 1 0 ,8 2 0 1 6 7 ,4 8 4
3 1 3 ,1
N ew Y ork 1 ,0 8 0 ,2 9 1 7 7 5 ,2 4 3 7 8 4 ,9 3 9 8 0 2 ,0 1 4 7 2 3 ,0 4 4 7 9 2 ,1 3 5
B o s to n ... 2 3 4 ,7 5 0 1 4 0 ,8 2 5 239,441
2 8 8 ,8 5 7 2 3 3 ,3 1 3 2 3 0 ,8 4 4
P h il a d e l.
5 9 ,2 3 8
3 7 ,5 6 4
2 8 ,236
2 2 ,1 9 2
2 ,791
3 3 ,9 8 1
B a ltim ’re 1 9 9 ,2 7 1 1 2 1 ,9 4 3 185,9 2 2 2 8 7 ,4 7 2 2 2 2 ,8 5 5 2 0 6 ,2 9 7
P ’tln d .M e
1 ,0 8 0
S au F ran .
124
165
399
143
532
7 ,2 2 5
T ot. fro m
4 ,9 1 6 ,8 4 7 5 ,7 9 0 ,6 3 4 5,864.921 4 ,4 0 2 890 5 ,2 «1,494

In the following we present a statement of the year’s exports
We thus reach the conclusion that our spinners have taken from each port, showing the direction which these shipments
of Sea Island cotton this year 24,277 bales (68 bales being have taken. Similar statements have been given in all previous
burnt), or 1,390 bales more than in the previous year.
reviews, and a comparison as to the exteat of the total -




THE CHRONICLE.

408

movement to each port can be made with back years. Con
trasting the current returns with those for last season, we
find that there has been an increase in .the exports to almost
a ll ports.
§

Char Nor Wrtmton.
leston. folk.
L iv e rp o o l
H u n ..........
L o n d o n ...
N ew castle
■Glasgow...
M an c h ’te r
L e ith .........

■Queenst’n

H a v r e ....
D u n k irk .
M arseilles
B re m e n ..,
H a m b u rg
W a rb u rg .
A m s t’d ’m
R o t’rd a m
A n tw e rp .
G h e n t ....
C o p en h ’n.
C h ris tia n a
G o tte n b ’g
N o rrk o p *g
N ykoping.
TJddevalle

H ango—

R e v a l........
S t.P e t’b ’g.
N a rv a .......
M alm o —
A b o ...........
O d e s s a ....

C o ru n n a..
L isb o n ....

O p o r to ....
B a rc e lo n a
M alag a__
P a s a g e s ...
G e n o a .......
N a p le s —
L e g h o rn .
S a le rn o ...
T rie s e..
W . In d ie s
M ex ic o ....
D om . Can.
J a p a n .......
So. A m er.
N . Z e a l’nd

I

New Other
York. Ports.

R E C A P IT U L A T IO N .

Classification o f Debt.

404,453 318,184 167,404 792,135 513,507 5231,494
T o t a l...
* * In c lu d e s fro m V ela sco . &c., to B re m e n , 7,723 b ales; to H a m b u rg , 519 b a le s
a n d to M exico, 28,902 b ales.
+ In c lu d e s fro m B ru n sw ic k to L iv e rp o o l, 38,555 b ales; to D u n k irk , 2,600 b a le s
to B re m e n , £3,275 b ales; to H a m b u rg , 2,050 bales; to S t. P e te r s b u r g , 4,800 b ale
a n d to B a rc e lo n a , 30 b ales.
t In c lu d e s f ro m P o r t B o y al to L iv e rp o o l, 80,085 b a le s .
§ In clu d es fro m W e s t P o in t to L iv e rp o o l, 76,497 b ales; to B re m e n , 9,850 b a le s
a n d to G h en t, 9,617 b ales; fro m N e w p o rt N ew s to L iv erp o o l, 8,210 b ales.
|| “ O th e r P o r ts ” in c lu d e : P ro m M obile to L iv erp o o l, 33,574 b ales a n d to
M exico, 1,086 b a le s . F ro m P e n s a c o la to H a v re , 500 b ales. F ro m B o sto n to
L iv e rp o o l, 227,978 b a le s a n d to H a lifa x , Y arm o u th , &c., 2,866 b ales. F ro m B al
tim o r e to L iv erp o o l, 41,201 b ales; to L o n d o n , 2,7W6 b ales; to H a v r e , 6,034.
b a le s ; to B rem en , 128,404 b ales; to H a m b u rg , 6,532 bales; to B o tte rd a m , 7,706
bales; t o A n tw e rp , 13,624 bales. F ro m P h ila d e lp h ia to L iv erp o o l, 26,255 bales;
t o L o n d o n . 43 b ales; to H a m b u rg , 100 b ales, a n d to A n tw e rp . 7,583 b ales.
F ro m San F ra n c isc o to L iv e rp o o l, 557 b ales; to H a m b u rg , 46 b a le s , a n d to
J a p a n , 6,622 b ales.

August 31,

Ju ly 31,

1894.

1894.

Increase or
Decrease.

$
635,042,590 00
1,840,850 26
379,950,470 92

$
I. 80 00
D . 9,100 00
D.82,877 45

1,016,742,013 73 1,016,833,911 IS

I n te r e s t- b e a r in g d e b t...................
D ebt o n w h ic h in t. h a s c e a s e d ..

Total.

3
768,775 548,046 150,346 232,191 281,297 65,028 357.208 329,565 2732.456
116,721
116,721
3,564 2,839
7,828
200
1,225
3,463
3,463
400
400
21,022
11,922 9,100
14.153
14,153
3,281
3,281
19,278 6,534 578,155
405,134 98,361 32,64' 16,200
9,415
)| .........
6,815
575
225
350
81,046 16,138 89,220 57,49£ 128,401 824,805
192,666
29,129 6,678 91,470
......... 10,782
35,715 7,116
4,547
1,450
8,091
2,640
2,64C
15.397
7,591 7,706
10
69,906 21,207 102,717
11,604
17.742
9,617 5,375
2,750 .......
978
978
2,576
2.576
17,025
10,650
3,025
2,35(
5,160
8,460
1,000
.........
1,600
1,600
2.500
2,500
71.281
8,000
6,300
11,792
44,892
8,631
700 3,051
14,707
12,3*2 2,325
1,300
1,300
1,000
1,000
5,075
5,075
200
''2Ó
Ó
¿0 7 0
2,070
3,600
5.200
30(
16,262
39,914
227,271
88,433
8,600
8,600
1,800
1,800
193,953
48,654
1,100
65,76';
78,432
16,361
17.911
1,550
3,898
998
2,900
5,840
1,455
4,385
600
1,021
421
11
11
40 1,086 32,580
2,252 29,202
2,866
2,866
5,617 6,622 12,239
150
150
3
3

DEBT STATEMENT A UGUST 31, 1894.

[Vol. L1X.

D.91,897 45

$ .
635,042,670 00
1,831,750 26
379,867,593 47

A g g reg ate o t I n te r e s t a n d n o n C ertific ate a n d n o te s o ffset by
a n e q u a l a m o u n t o f c a s h in
616,972,329 00

D .l,621,757 00

A g g reg ate o f d e b t, in c lu d in g
ce rtific ate s a n d n o te s ................ 1.632,092.585 73 1,633.806.240 IS

615,350,572 00

D 1.718,654 45

C A SH IN T H E T R E A S U R Y .
Gold—C oin.....................................................
$76,944,532 09
B a r s ....................................................................... 43,941,337 40-$120,885,869 49
S ilv er—D o lla rs ................................................................. 368,991,724 00
S u b sid ia ry c o in .................................................. . ; . •• 17,720,835 32
B a rs ....... ..................... .................................... ....... • 126.454,771 1 5 - 513,167,330 47
P a p e r—L e g a l te n d e r n o te s (old issu e) .............
82,905,912 58
T r e a s u r y n o te s o f 1890............................................... 27,598,929 00
G old c e rtific a te s .......................................
34,730 00
S ilv er c e rtif ic a te s ....................................................
13,492,527 00
C u rren cy c e rtif ic a te s .......................... .......... ...........
720,0 0 00
N a tio n a l b a n k n o te s ..................................................
5,567,162 11— 130,319,260 69
O th er—B onds, in t e r e s t a n d co u p o n s p aid , a w a it
in g r e im b u r s e m e n t.....................................................
182,753 12
M inor c o in a n d f r a c tio n a l c u r r e n c y .....................
1,423.486 51
D eposits in n a t ’l b a n k d e p o s ita r ie s — e n ’l a c c ’t . . 12,392,143 18
g
D isb u rsin g officers’ b a la n c e s ................
8,333,504 3 9 - 17,330,897 20
A g g r e g a te ..,........ .......................................... .
$781,703,357 85
D E M A N D L IA B IL IT IE S .
G old c e rtific a te s .................................................
$65,703,699 00
S ilv e r c e rtif ic a te s ............................................................ 338,710,504 00
C ertific ates o f d e p o s it a c t J u n e 8, 1872 .................. 58,785,000 00
T re a su ry n o te s o f l 8 9 0 ................................................ 152,151,369 00—
$615,351,572 00
F u n d f o r re d e m p . o f u n c u r r e n t n a t ’l b a n k n o te s
7,910,680 59
O u ts ta n d in g c h e ck s a n d d r a f t s .................................
4.594,434 36
D isb u rsin g officers’ b a la n c e s ...................................... 22,834,524 85
4,373,048 87 — 39,204,688 58
A gency a c c o u n ts , & c........................................
G old r e s e r v e ....................................... $55,216,900 00
N et c a sh b a la n c e ................................ 71,931,197 27............................... 127.143,097 27
A g g re g a te .......................................................................................... . ..$781,703,357 85
C ash b a la n c e in t h e T r e a s u ry J u l y 31. 1894..........................................$119,065,352 03
C ash b a la n c e in t h e T r e a s u r y A u g u s t 31,1894.................................... 127,148,097 27
I n c r e a s e d u rin g t h e m o n th ............... ........................................................

$8,082,745 24

B O N D S IS S U E D IN A ID O F P A C IF IC R A IL R O A D S .

Name
o f Railway.

Cen. P acific.
E a n . P acific.
U ni’n P acific
C en. B r. U .P .
W est. P acific
S ioux C. & P .
T o ta ls ..

In t. repaid by Companies.
Principal Interest Interest
accrued
Out
paid by B y Trans B y cash payand not
portation m ’ts; 5 p .c.
standing.
yet paid. the ü . S.
Service. net earnings.
$
25,885,120
6,303,000
27,236,512
1,600,000
1,970,560
1,628,320

.. 64,623,512

$
258,851
63,030
272,365
16,000
19,706
16,2:3

Balance
o f In te r’st
paid by
the D. S

$
40,536,734
10,289,313
42,933,948
2,605,808
2,968,819
2,538,989

$
7,124,613
4,320,971
14,459,868
617,488
9,367
221,938

$
$
858,233 32,753,833
6,968,342
438,413 28,035,671
6,937 1,981,393
2,959,452
2,817,051

646,235 101873611

26.754.245

1.103,630 74 015,747

p lm e ta r ij! < ^ om m zxcm l% U Q lislx ^ n vs
[F ro m o u r o w n c o rre s p o n d e n t.]

The following is the official statement of the United
L o n d o n , Saturday, August 25, 1894.
States public debt and of the cash in the Treasury at
During the week ended Wednesday night the Bank of Eng
the close of business August 31, 1894 :
land received net £488,000 in gold, so that the stock of the
IN T E R E S T -B E A R IN G

DEBT.

metal is still steadily increasing and is likely to go on in
creasing for some time yet. Hence everything points to a
Title o f Loan.
continuance of cheap and abundant money for the remainder
Registered. Coupon.
Total.
of the year. In the open market loans for a few days are
4K s, F ’n ’d L o a n .1891
i
per cent, and the quotation for 3 months’
$250,000,000 $25,364,500
C o n tin u e d a t 2 p. c. Q .-M .
$25,364,500 freely made at
4 s, F ’d ed L o a n .. 1907 Q .- J .
740,882,050 489,505,950 $70,114,750 559,620,700 bank bills is barely % p?r cent.
But there has been during
40,012,7501
...........
4 s, R e f’d ’g C ertiflc’s. Q . - J .
57,470
50,100,C00 25,941,650 24,05*,350 50,000,000 the week some advance in the rate for 6 months’ bills to 1%
5s, L o a n o f 1904........ Q .- F .
per cent. The holiday season here does not quite terminate
A g g re g a te e x c l’d ’,
1
1,000,894,800 540,812,100 94,173,100 635,042,670 till the end of September. In October trade resumes its full
B’ds t o P a c . R R .
activity, and the general impression in the city is that during
D E B T ON W H IC H IN T E R E 3 T H A S C E A S E D S IN C E M A T U R IT Y .
the last three months of the year there will be better business
Ju ly 31.
August 31.
F u n d e d L o a n o f 1891. m a tu r e d S e p te m b e r 2,1 8 9 1 .. $533,300 00
$527,500 00 of every kind than has been seen since the Baring crisis.
O ld d e b t m a tu r e d a t v a rio u s d a te s p rio r to J a n u 
a r y 1,1861, a n d o th e r ite m s o f d e b t m a tu r e d a t
The home trade is steadily improving, as the railway
v a rio u s d a te s s u b s e q u e n t to Januaa-y 1 ,1861......... 1,307,550 26
1,304,250 26
traffic returns show week after week. It is hoped that in Oct
A g g re g a te o f d e b t o n w h ic h in t e r e s t h a s ceased
H sln o e m a tu r it y .................................................................. $1,840,850 26
$1,831,750 26 ober the improvement will have made such progress that even
the most sceptical will recognize its reality ; and it is calcula
D E B T B E A R IN G NO IN T E R E S T
L 8 g a l-te n d e r n o te s ..........................................................
.............$ 3 4 6 ,6 8 1 ,0 1 6 00 ted that gradually the improvement at home will extend to
O ld d e m a n d n o te s .................................................
£4,847 50
the foreign trade. Then again, it is anticipated that we shall
N a tio n a l B a n k n o t e s ;
R ed e m p tio n a c c o u n t........................................................................... 26 234 592 55
have an extraordinary number of new issues. I t is reasonably
F ra c tio n a l c u rre n c y ............................................................$15,273,071 42
L e ss a m o u n t e s tim a te d a s lo s t o r d e s tro y e d ............ 8,375,934 00
certain that several governments will attempt to convert their
--------------------6,897,137 48
debts. Egypt is once more considering the expediency of con
A g g re g a te Of d e b t b e a rin g n o in t e r e s t..................................................$379,867,59347
verting the unified d eb t; and there is actually talk in Paris,
C E R T IF IC A T E S A N D N O T E S IS S U E D ON D E P O S IT S O F C O IN A N D
though quite unofficial talk, of an attempt to convert the 3
L E G A L -T E N D E R N O T E S A N D P U R C H A S E S O F S IL V E R B U L L IO N .
per cents into 2% per cents. That would be a very great
I n the
In
A m ount
Classification of Certificates and Notes.
transaction and it is doubtful whether it can yet be carried
Treasury. Circulation
Issued.
through. But the fact that it is discussed in business circles
$34,730 $65,668,969 $65,703,699
is in itself significant.
13,492,527 825,217,977 338,710,504
Since the end of last week there has been a very remarka
720,000 58,065,000 58,785,000
T r e a s u r y n o te s o f 1890........................ ............. 27,598,929 124,552,440 152,151,369 ble rise in the price of silver. On Wednesday of last week the
A g g re g a te o f c e rtific a te s ........................... $41,846,186 1573,504,386 $615,350,572 quotation was 28 15-16d. per ounce, on Wednesday of this




In t’r ’t
Pay’le

Am ount
issued.

A m o u n t Outstanding.

Septem ber

4u

THE CHRONICLE.

8, 1894. j

1892.
1894.
1S93.
1891.
^week 30^d. per ounce, a rise of 1 5-16d. per ounce. The im
Aug. 26.
Aug. 24.
Aug. 22.
Aug. 23.
mediate cause was a rumor that negotiations were going on
£
£
£
a
in Berlin between the Chinese Government and a syndicate C irc u la tio n .............. .......................... 25,455,050 28,252,775 26,134,480 25,886,195
3,793,836
4,841,470
4,362,905
5,940,724
b lic
its ...... .................... .
of bankers for a loan of ten millions sterling. The rumor P uther ddeeppoossits ................................. 38,649,918 28,843,501 31,730,645 32,362,750
O
exaggerated the facts, which were that a syndicate of bank G o v e rn m e n t s e c u r i tie s ................ 12,145,082 12,414,595 11,209,391 10,314,655
24,526,431 28,059,566
ers had offered a loan of a million sterling at 6 per cent. As O th e r s e c u r itie s .............................. 19,612,847 23,993,423 17,921,300 17,113,721
R eserv o f n
s n
........... 30,942,362 15,015,682
yet the Chinese Government shows no eagerness to accept. Coin & eb u llioonteb oathddceo inrtm ’ts 39,597,412 24,818,437 £7,605,780 26,549,910
,
pa
50
45%
45
Possibly it may be holding back only to get better terms. In Prop, r e s e rv e to lia b ilitie s .. p. c.
69%
2
5+
2%
any case the best informed say that there is no prospect of an B an k r a t e ............ ............ p e r c e n t. 102 2
96 15-16
97 3-16
1-16*
97%
C onsols, 2 id p e r c e n t............ ........
early arrangement. No doubt, however, if the war S ilv e r................................................. 29 13-16d.
38 !-l6 d .
45 3-16d.
34%d.
goes on China will have to borrow. Meantime the C learin g H o u se r e tu r n s ................ 109,378,000 113,910,000 99,970,000 101,642,000
* A u g u s t 23. + A u g u st 24.
demand for silver for both belligerents is not
Messrs. Pixley & Abell write as follows under date of
very great. But the supply in the market here,
especially from the United States, is very small, August 24:
old.—We h
o fr e s
p o t, a
a ll r iv a c
and speculators therefore have found it very easy to G e a c h th e B a v e ,hw h ic h h hB u sin essivto dr esin cre w n dl a s t a r ro te ls* 3 o n tin0u0e,
r
ank
a s re c e e
e
w
6 7 ,0
to run up the price. The Indian exchanges have advanced a n d h a s lo s t * 2 5 ,0 0 0 f o r A le x a n d r ia . A r r i v a l s : C ap e T o w n , £ 7 3 ,0 0 0
with silver. On Wednesday the India Council offered 40 W e s t In d ie s , * 7 4 ,0 0 0 . T o ta l, * 1 4 7 ,0 0 0 . S h ip m e n ts , to B o m b a y , A u g .
lakhs as usual for tender and sold the whole amount at about 2 4 , * 2 ,5 0 0 .
S ilv e r.—T h e re h a s b e e n m o re m o v e m e n t i n s ilv e r th a n f o r m a n y
Is. l%d. per rupee, being about %&. per rupee higher than
m o n th s . A t th e d a te o f o u r la s t w e r e p o r te d a ris e to 2 9 14d., h u t b y th e
the Wednesday before. There is as yet no improvement in In  2 2 d . 30% d. w a s to u c h e d . W ith in a s h o r t tim e th e r e w e r e s e lle r s t h e
dian trade. The exports of grain, jute and seeds are mod sa m e d a y a t 3 0 d ., a n d sin c e th e n th e m a r k e t h a s r e c e d e d to 2 9 U ie d .,
erate and no fresh gold has been bought, while on the other w h ic h w a s th e fix e d p r ic e to -d a y . D u rin g th e a fte rn o o n th e to n e h a s
hand silver in moderate amounts is being imported into the b e c o m e s lig h tly b e tte r , a n d 29% d. h a s b e e n b id . A r r iv a ls : N ew Y o rk ,
country. But partly owing to the rise in silver and partly to * 2 9 7 ,0 0 0 ; W e s t In d ie s , £ 1 4 ,0 0 0 ; C hili, £ 4 5 ,0 0 0 ; to ta l, * 3 5 6 ,0 0 0 .
S h ip m e n ts , to B o m b a y , A ug. 24, £ 1 3 4 ,2 0 0 .
the impression made by the success of the conversion of the
M e x ic a n D o lla rs —T h e m o v e m e n ts o f th e s e c o in h a v e fo llo w e d s ilv e r
rupee loans, there is a general feeling that exchange is more b u t w ith fe w lo ts o n offer b u s in e s s h a s b e e n r e s tr ic te d . T h 6 ir l a s t
p r ic e w a s 30 d.
likely to rise than to fall.
In the early part of this week the rapid rise in prices upon
The quotations for bullion are reported as follows:
the Stock Exchange received a check—not very serious anc
SILV E R .
GOLD.
London Standard . Aug. 24. A ug. 17.
causing no difficulties, but rather a wholesome set-back. Th<
London Standard,. Aug. 24. Aug. 17.
feeling of the market, however, continues bullish. As yet th<
d.
8. d.
s. d.
d. .
77 9
B a r silv e r, fin e . ..o*. 29 11-16 29%
general public is holding aloof ; but it is unquestionable tha B a r g o ld , fin e ....o z . 77 9
77 9% 77 9% B ar silv e r, c o n ta in B
, a tin g
the sentiment here has completely changed. Distrust ii S paar ng,odld u p lor o n s, .o z 73 9
in g 5 g rs . g o ld ..o z . 30 1-16 29%
73 9
o b
oz.
76 4% C ake s ilv e r .......... oz. 32
31 9-16
almost ended ; every week confidence is being strengthened U . 8. g o ld c o in .. .oz. 76
29%
76 1% 7 6 .4 % M ex ic an d o llars..o z. 30
G e rm a n g o ld coin.oz
\

the sanguine feeling. If there is a recovery in the United
•States there is no question at all that business will revive here
very rapidly; otherwise the sanguine hopes are doomed to
disappointment.
In Peru political troubles have broken out, and there are
rumors of fresh difficulties in Brazil. There is no change
-either in Argentina or in Australasia. In Italy and Spain
matters are very much as they were. The great bankers in
Paris look rather unfavorably upon both countries ; but the
general public is far more hopeful than it was, and though the
buying of neither Italian nor Spanish has been active this
week,speculative selling has ended and the feeling is growing
"that the cheapness of money in France will by and by lead to
a marked outburst of speculation. In Germany the bourses
-are rather q u ie t; but confidence. is reviving there, and an
-active speculation is going on both in Austria and in Hungary
The Bank rate of discount and open market rates at th
chief Continental cities no w and for the previous three weeks
¡have been as follows :
Rates of
Interest at
S Paris...................
B e r l i n .............
H a m b u rg ..........
F r a n k f o r t ..........
A m s te r d a m . . . .
B ru s se ls . . . . . . .
V ie n n a ....... .
S t. P e te rs b u rg .
M a d rid .............
C o p e n h a g e n ...

Avg. 24.

Aug. 17.

Aug. 10.

Open Bank Open B ank
R ate. Markel R ate. Markt t Rate
B ank
2%
3
3
3
2%
3
4
5%
5
3%

m
1%
1%
1%
1%
3%
5
6
3%

2%
3
3
3
2%
3
4
5%
5
3%

1%
1%
1%
1%
1%
1M
3%
5
5
3%

Open
Hark«

2%
3
3
3
2%
3
4
5%
5
3%

August 3.
B a n k Open
R a te. Market
2%
3
3
3
2%
3
4
5%
5
3%

1%
1%
1%
1%
1%
1%
3%
5
5
3%

1%
1%
1%
1%
1%
2
3%
5
5
3%

The following shows the imports of cereal produce into the
United Kingdom during the fifty-one weeks of the season,
compared with previous seasons:
IMPORTS.

1 8 9 3 -9 4 .
Im p o r ts o fw h e a t.o w t.6 7 ,1 5 7 ,2 0 6
B a r l e y . . . . . . . . . . . . . . . . 3 0 ,9 1 9 ,6 3 3
O a t s .,... . . . . . . . . . . . . . . 1 4 ,0 4 8 ,3 2 2
P e a s . . . . . . '. . . . . . . . . . . . 2 ,2 5 4 ,6 9 8
B e a n s . . . . . . . . . . . . . . . . . 5 ,2 0 3 ,0 3 9
I n d ia n o o r n . . . ........ .. 3 7 ,1 2 3 ,4 7 5
F l o u r . . . . . . . . . . . . . . . . . 1 8 ,9 0 6 ,2 5 6

10 2 9-16®— %® - 1 @ — 1 @1% 1%@1% 1%@2
17 2 9 16$% % a u 1 @ — 1%®1% 1%@ - 1%@2
24 2 “ % a — %@ M 1%@ - 1%®1% 1%® — 1%®2

%
%
%

%
%
%

%
%
%

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

1890-91.
5 7 ,5 2 5 ,7 5 8
1 6 ,2 8 0 ,2 3 8
1 5 ,7 6 2 ,5 9 8
1 ,8 8 6 ,5 7 0
3 ,3 3 5 ,4 3 8
2 9 ,7 5 2 ,9 6 2 .
1 5 ,4 1 5 ,2 2 7

Supplies available for consumption (exclusive of stocks ov
September 1):
1 8 9 3 -9 4 .
1 8 9 2 -9 3 .
1 8 9 1 -9 2 .
W h e a t.................... o w t.6 7 ,157,206 6 6 ,0 8 6 ,2 6 5 6 8 ,5 3 9 ,4 3 6
ro a p o rts o f flo u r..........1 8 ,9 0 6 ,2 5 6 2 0 ,4 8 2 ,9 2 6 1 9 ,5 7 1 .0 3 7
S a le s o f h o m e -g ro w n .2 0 ,1 9 8 ,9 1 1 2 5 ,7 9 7 ,9 3 1 3 1 ,4 5 6 ,3 4 8

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

T o ta l__ . . . . . . . . . . 1 0 6 , 2 6 2 , 3 7 3 1 1 2 ,3 6 7 ,1 2 2 1 1 9 ,5 6 6 ,8 2 1 1 0 6 ,8 6 4 ,2 6 6
1891-92.
1 8 9 0 -9 1 .
1893-94.
1892-93.
2 9 s. 7d.
4 0 s. 3 d .
A ver, p ric e w h e a t w e e h .2 4 s. 53.
26 s. 5d.
3 3 s. 5 d .
3 5 s. 3 a .
A v e ra g e p r ic e , s e a s o n ..2 5 s . 5 d .
2 6 s. 8 d .

The following shows the quantities of wheat, flour a td
maize afloat to the United Kingdom:
W h ea t....................q r s .
F lo u r, e q u a l to q r s .
M a tz e ....... .. .. .q r s .

T h is w eek.
2 ,3 9 9 ,0 0 0
2 5 2 .0 0 0
3 2 7 .0 0 0

L a s t w eek.
2 ,5 1 9 ,0 0 0
2 6 4 .0 0 0
3 2 2 .0 0 0

1892
1 ,9 1 s ,0 0 0
2 6 1 ,0 0 0
6 3 6 ,0 0 0

1893.
2 7 1 8 ,0 0 0
3 4 7 .0 0 0
4 1 9 .0 0 0

ISUiflisli. F i n a n c i a l .ttarfcets—P er C a b le .

The daily closing quotations for securities, &c., at Loudon
are reported by cable a3 follows for the we8k ending Sept. 7 :
London.

S ilv e r, p e r o z .....................
C onsols, n e w , 2% p . e ts .
F o r a c c o u n t..................
F r ’oh r e n te s (in P a ris ) fr.
U . S. 48 of 1 9 0 7 ...............
-C a n a d ia n P a c ific ..............
Ohio. M ilw . & St. P a u l . .
The rates for money have been as follows:
Illin o is C e n t r a l ................
L a k e S h o r e .........................
L o u isv ille & N a s h v ille ..
In te r e s t allowed
Open M arket R a te s ._
M e x ic a n C e n tra l 4 s ........
«
fo rd ep o sits by
N . Y . C e n tra l & H u d s o n
B ank Bills.
Trade B ills.
«
JOisc’t TTst N . Y . L a k e E r ie & W est.
XJbndon
J o in t
2 d c o n so ls ........................
£
S ix
Three f o u r
Stock A t 7 to 14 N o rfo lk & W e s t’n , p r e f .
S ix
Three Tour
e
K| Months Months Months Months Months Months Banks. Call. Days
N o rth e rn P a c ific , p r e f . .
P e n n s y lv a n i a ..................
1
- 1 © - 1%® - 1%@ ' %
P h il. & R ea d ., p e r s h a re
H
J u l y 20
H® — %% - 1
U n io n P a c ific .....................
1
“ 27 2
%
M® - l%@ - 1%©1% 1%®1% 1%@1%
H
%® W ahash, p r e f .....................
%
A ug. 3 2
%
%
%@ — %@ - 15-16@1 1 @1% 1 @1% 1 @1%
“
“
“

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

Sat

M on.

Tues.

Wed.

T h u rs.

F r i.

30%,
303)6
102916 x 011516
102»16 x 0115]6
04-07*s 104-20

2934
3 0 3 l8 30%
102% 102716 10238
102% 1027)6 10238
0 4 4 7 % 0 4 1 7 % 04-25

29%
1027)6
1027)«
10405

68%
673s
97
139%
57%
60%
104%
16%
79

68%
68
97%
139%
57%
61
104%
17
79

68%
68%
97%
140%
58%
61
104%
17%
79

68%
68%
97%
140
5838
61%
105
17%
79

65%
68%
97%
140
57%
61
105
16%
79

65%
68
97%
139%
57%
61
104%
16%
79

21%
53%
11%
14%
17

21%
53%
11%
14%
17

22%
53%
11%
14%
17%

22%
53%
11%
143a
1738

22%
53%
11
14%
17%

21%
53%
11
13%
17%

(fiomm&xtinX im ti WCistzlV&uMXis

B o n d s H e l d b y N a t i o n a l B a n k s . — The following interest
The following return shows the position of the Back of
England, the Bank rate of discount, the price of consols, &c., ing statement, furnished by the Comptroller of the Currency,
compared with the last three years:
shows the amount of each class of bonds held against national




410

THE CHRONICLE,

bank circulation and to secure public moneys in national bank
depositaries on Aug. 81.
P ublic Deposits
in B a n ks.

T o ta l.

Total Held.

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

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

$ 1 4 ,7 7 6 ,0 0 0

5 per cents..

Bank
Circulation.

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

C u rre n c y 6 s .
2 p e r c e n t s ..
4 p e r c e n t s ..

$ 2 0 2 ,2 7 6 ,9 5 0

$ 2 1 7 ,0 5 2 ,9 5 0

G o v e r n m e n t R e v e n u e a n d E x p e n d i t u r e s . —Through the
courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of August. From
previous returns we obtain the figures for previous months,
and in that manner complete the statement for the eight
months of the calendar years 1894 and 1893.
r e c e ip t s

1804.

%
J a n . . . . . 18,437
F e b . . . . 1C,389
JMarch.. 11,359
9,621
A p ril...
9,798
M a y ....
8,859
J u n e ...
8,427
J u ly ....
A u g .... 11,805

$
8,744
2,492
1,085
2,278
751
1,159
888
633

$
9,015
11,050
12,808
12,893
12,042
15,179
25,200
27,562

I
27,036
24,759
25,928
26,588
23,818
27,645
35,897
41,051

N .Bk.
lnter’l Red’p. Misc’i Total.
Rev’ue Fund. S ’rces

$
20,607
16,936
19,665
15,908
14,638
14,964
14,684
12,145

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

S
207
312
822
184
43
267
120
166

$
2,810
1,445
1,520
1,980
2,871
1,750
1,533
1,183

%
35,688
30,010
34,438
29,801
31,983
30,984
81,026
24,057

DISBURSEMENTS (OOOS O m itte d .)
1894.

$
15,157
F e b . . . . 14,937
M arch.. 18,180
A p ril... 16,345
M a y .... 15,907
J u n e ... 14,871
J u ly .... 16,782
A u g ... 19,410

J a n ......

$

$

$

*

Ordi
nary.
$

8,996 7,157 1,178 32,488
11,529
260 1,097 87,823
13,374
218 1,105 32,877
10,152 5,576 1,216 33,289
12,977
895 1,888 31,167
291 1,169 26,726
10,895
942 37,590
12,902 7,014
11,335
912
716 32,373

18,209
17,050
17,113
15,271
15,559
17,102
17,791
21,642

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

Pieces.

2 ,2 6 0 ,0 0 0
5 ,4 6 2 ,0 0 0

V alue.

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

120

........ 48

T o ta l g o l d .

6 5 9 ,2 0 0

7 ,7 2 2 ,0 0 0

7 4 8 .0 0 0
4 5 3 .0 0 0

7 4 8 .0 0 0
2 2 8 .0 0 0

1.1 7 1 .4 3 1
4 .5 3 6 .4 3 1
4 ,9 9 3 ,2 5 2
750,4 5 5

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

1 ,2 0 4 ,0 0 0

9 7 6 ,0 0 0

1 1 ,4 5 1 ,5 6 9

4 ,7 6 3 ,0 0 5

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

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

8 ,5 2 7 ,7 8 2

2 0 4 ,7 6 3

S ta n d a rd D o lla rs ....
S a if d o l l a r s . . . . . ___
Q u a rte r d o l l a r s . . . . .
D im e s . . . . . . . . . . . . . . .

T o ta l s ilv e r .
F ive c e n ts .
One c e n t . . .
T o ta l m i n o r . .

1 ,8 6 3 ,0 0 0

T o ta l c o in a g e .

8 ,3 9 8 ,0 0 0

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

2 4 ,8 9 6 ,9 3 7 7 2 ,4 5 6 ,3 9 »

IN L IQ U ID A T IO N .

2 ,6 3 4

T h e S ta te N a tio n a l B a n k o f D e n v e r, C o lo ra d o , h a s g o n e i n t o
v o lu n ta r y liq u id a tio n , b y re s o lu tio n o f its s to c k h o ld e r s d a te d
J u l y 28, 1894.
3 ,7 9 0 —T h e K a n s a s N a tio n a l B a n k o f T o p e k a . K a n s a s , h a s g o n e in to
v o lu n ta r y liq u id a tio n , b y re s o lu tio n o f i t s s to c k h o ld e r s d a te d
A u g u s t 2 5 ,1 8 9 4 , to ta k e e ffe c t S e p te m b e r 1, 1831.
I m p o r t s a n d E x p o r t s f o r t h e W e e k . — The following a r e
the imports at New York for the week ending for dry goods
Aug. 30 and for the week ending for general merchandise
Aug. 31; also totals since the beginning of the first week in
January.
FOREIGN IMPORTS AT NEW YORK.

1893.

Pen In  N.Bk. Total.
Red’p.
sions. terest. Fund.

B ight. Months.
Value.

A P PLIC A T IO N S TO O R G A N IZE NA TION AL B iN K S .

Cus
toms.

8 m os. 82,695 125,749 12,030 12,028 232.602 129,607 101,667 1,621 15.082 847,987

Ordi
nary.

D ouble e a g le s ............
E a g le s ................ ...........
S a i f e a g le s ..................
T h ree d o lla r s .......... ..
Q u a rte r e a g l e s . . . . . .
D o lla rs..........................

1893.

»
2,840
828
676
1,776
1,227
2,448
1,182
1,051

Pieces.

N a t i o n a l B a n k s . —The following information regarding
national banks is from the Treasury D epartm ent:

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

N .B k.
Cus
lnter'l Red’p. Misc’l lotal.
tom». Rev’ue Fund. S ’rces

A ugust.

D enom ination.

TT. S. B onds H eld A ug. 3 1, 1 8 9 4 , to Secure—
D escription o f B onds.

[VOL, LIX,

N.BkP en  I n  Red’p lo ta l
sions. terest Fund.
$

$

t

13,038 7,104
13,495
322
13,810
679
12,872 5,086
14,269
383
11,411
262
14,758 7,127
11,266
397

For Week.

1891.

D ry G o o d s ........
G en 1 m e r’d is e .

Since Ja n . 1.
D ry G o o d s . .. ,.
G en ’l m e r ’d is e .

[

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

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

[

1893.

1 894.

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

$ 8 ,4 5 8 ,2 9 2

$ 8 ,3 9 9 ,3 8 5

$ 7 ,5 4 9 ,5 4 5

$ 7 ,7 0 7 ,4 2 6

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

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

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

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

»

902
811
740
532
662
491
418
291

1892.
$ 2 ,7 4 0 ,7 6 3
5 ,6 5 8 ,6 2 2

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

T o ta l 35 w eeks. $ 3 6 1 ,4 3 3 ,0 6 4 $ 3 8 4 ,5 7 1 ,1 3 0 $ 4 1 1 ,6 4 2 ,8 9 1 £2 3 2 ,7 3 6 ,5 2 6

The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
C h a n g e s i n L e g a l T e n d e r s a n d N a t io n a l B a n k N o t e s t
specie) from the port of New York to foreign ports for the
J3e p t . 1 .— The Comptroller of the Currency has furnished week ending Sept. 4 and from January 1 to date :
US the following, showing the amounts of national bank notes
EXPORTS FROM NEW YORK FO R TH E W EEK .
Aug* 15 together with the amounts outstanding September 1,
1891.
1 892.
1 893.
1894.
and the increase or decrease during the month; also the
Changes in legal tenders held for the redemption of bank F o r th e w e e k .. $ 7 ,7 6 5 ,5 5 2 $ 4 ,9 7 9 ,1 0 2 $ 6 ,8 3 4 ,5 9 2 $ 6 ,4 1 2 ,1 5 »
P re v . r e p o r te d . 2 3 2 ,6 0 9 ,0 5 6 2 6 0 ,2 9 3 ,3 6 4 2 4 1 ,0 0 1 ,3 5 9 2 4 2 ,2 8 0 ,0 8 8
notes up to September 1.
8 m o sJ 131,0S9 92.160 22.323 8.811 354,333 139,737 104,949 21,370 4,817 270,903

T o ta l 3 5 w eeks. $ 2 4 0 ,3 7 4 ,6 0 8 $ 2 6 5 ,2 7 7 ,4 6 6 $ 2 4 7 ,8 3 5 ,9 5 1 $ 2 4 8 ,6 9 2 ,2 4 L

N a tio n a l B a n k Notes—
A m o u n t o u ts ta n d in g A u g u s t 1 ,1 8 9 4 .
A m o u n t Is su e d d u rin g A u g u s t .............
A m o u n t r e tir e d d u rin g A u g u s t.............

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

A m o u n t o u ts ta n d in g S e p te m b e r 1 ,1 8 9 4 * .

£2 07,445,489
5 3 ,483
6 2 0 7 ,4 9 8 ,9 7 8

L eg a l Tender Notes—
A m o u n t o n d e p o s it to re d e e m n a tio n a l b a n k
n o te s A u g u s t 1 ,1 8 9 4 .................... ....................
A m o u n t d e p o site d d u rin g A u g u s t ..................
A m t. re is s u e d & b a n k n o te s r e tir e d in A u g

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

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

* C irc u la tio n o f N a tio n a l G old B an k s, n o t in c lu d e d In a b o v e, $ 9 3 ,2 3 3 ,

According to the above the amount of legal tenders on
deposit September 1 with the Treasurer of the United States to
redeem national bank notes was $26,211,998. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
hanks going into voluntary liquidation, and (3) by banks
reducing or retiring their circulation, was as follows on the
first of each of the last six months:
J u n e 1.

J u ly. 1.

EXPORTS AND IMPORTS OF SPEC IE AT NEW YORK.

Gold.

Exports.
Week.

A m o u n t o n d e p o s it to re d e e m n a tio n a l b a n k
n o te s S e p te m b e r 1, 1 8 9 4 ................................ .

Deposits by — M ay 1,

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

A u g u st i.

Sept. 1.

$
$
$
$
$
In s o lv ’t h k s.. 1 ,5 8 9 ,5 7 5 1 ,5 7 2 ,7 8 3 1 ,4 9 6 ,2 6 1 1 ,4 2 0 .9 4 0 1 ,3 5 2 ,0 6 0
U q u id ’g b k s .. 4 9 1 4 .9 5 9 4 ,9 5 6 ,1 7 7 5 ,1 4 3 ,2 7 1 5 .1 1 3 671 5 ,1 3 3 ,4 5 1
R e d ’c’g u n d r.
a c t o f »74..* 2 0 ,7 2 7 ,2 5 1 2 0 ,1 0 2 ,4 7 4 2 0 ,0 5 1 ,1 9 1 1 9 ,8 5 4 ,9 4 4 1 9 ,7 2 6 ,4 8 6
T o ta l.......... 2 7 ,2 3 1 ,7 8 5 2 6 ,6 3 1 ,4 3 4 2 6 ,6 9 0 ,7 2 3 2 6 ,3 8 9 ,5 5 ' 2 6 ,2 1 1 ,9 9 8
* A c t of J u n e ¡40, 1874, a n d J u l y 1 2 ,1 8 8 2

G re a t B r i t a i n ............
F r a n c e ..........................
G e rm a n y .....................
V e s t I n d ie s ................
y fe x io o .........................
S outh A m e ric a ..........
All o th e r c o u n tr ie s .
T o ta l 1 8 9 4 ..
T o ta l 1 8 9 3 ..
T o ta l 1 8 9 2 ..

Silver.
G re a t B r ita in ............
F r a n c e ........ .
G e r m a n y ...................
V e s t I n d ie s ................
M e x ic o .........................
S o u th A m e ric a ..........
All o th e r c o u n trie s .
T o ta l 1 8 9 4 .
T o ta l 1 8 9 3 .
T o ta l 1 8 9 2 .

Since J a n .1,

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

Im ports.
Week.
$ ..............
1 ,0 8 6 ,4 6 0
3 .0 2 4
77

Since J a n . 1.
$ 1 ,6 8 8 ,5 5 1
6 ,2 2 7 ,0 9 6
1 ,6 5 9 ,5 6 7
3 ,4 1 8 ,1 4 7
4 3 ,9 6 4
5 9 2 ,8 1 0
1 0 9 ,6 2 4

$ 4 9 3 ,0 0 0 $ 8 4 ,2 1 5 ,,;96 $ 1 ,1 1 4 ,4 1 1 $ 1 3 ,7 6 9 ,7 5 9
1 0 ,8 5 0 | 6 8 ,7 4 6 ,2 4 7 7 ,4 2 6 .4 3 3 5 1 ,6 7 5 ,3 7 9
2 ,6 0 0 ,0 0 0 5 7 ,9 1 0 ,8 6 3 ____ 19,517
6 ,4 1 8 ,3 2 7

Exports.
Week.

Since Ja n . 1.

Im ports.
Week.

$ 6 8 1 ,9 0 0 $ 2 1 ,0 5 6 ,2 2 5
3 9 4 ,0 0 0
2 6 8 ,1 0 0
1 7 0 ,0 2 0
500
5 3 .2 9 7
7 1 6 ,8 2 6
1 2 1 ,4 1 1
........

$ ..............
1 ,737

$ 6 8 2 ,4 0 0 $ 2 3 ,3 7 9 ,8 7 9
7 3 2 ,K>0 2 1 ,5 4 3 ,2 9 4
8 5 0 ,2 7 3 1 5 ,1 2 4 ,0 4 5

$ 3 .8 8 4
8 .741
1 2 7 ,1 4 4

2 ,ii7
..............

Since J a n . 1.
$ 1 1 ,5 5 4
Ì0 0 .7 7 8
3 ,4 0 9
4 9 5 ,8 6 8
1 7 6 ,2 9 5
3 2 5 ,3 6 1
2 8 ,5 9 8
$ 1 ,1 4 1 ,8 6 3
2 ,4 8 6 ,8 8 9
1 ,4 6 8 ,0 2 4

C o i n a g e b v U n i t e d S t a t e s M i n t s . — The following state
ment, kindly furnished us by the Director of the Mint, shows
Of the above imports for the week in 1894 $5,299 were
the coinage at the Mints of the United States during the month American gold coin. Of the exports during the sam? time
O f August and the eight months of 1894.
$500 were American silver coin.




S

THE CHRONICLE.

8, 1894 j

eptem ber

—Portsmouth Street Railroad & Light Company 6 per
bent bonds are offered for sale by Messrs. F. S. Miller & Co.,
Cleveland, Ohio. These bonds are secured by a valuable
property in Portsmouth, Ohio, a city of 17,000 inhabitants.
The company has earned 8 per cent on its capital stock after
taking care of its charges. See particulars in the advertise
ment under new loans in State and City Department of this
issue.
—An attractive list of municipal bonds is offered in
another column by Messrs. E. H. Gay & Co., Boston. They
also offer Maine Central RR. fours and four-and a-halfs, and
Trenton Street Railway sixes.
—Mr. F. j( LismaD, of No. 30 Broad Street, advertises in to
day’s C h r o n i c l e Northern Pacific Committee receipts, re
ceivers’ certificates, &c., and other inactive railroad bonds.

—

87,983
46,850
198,844
1,957
5,000
14,000
30,775
5,850
391,259
320,04t
273,751

T o t.w k , ’94.
Sam e w k,’93.
Sam e w k ,’92.

Since Aug. 1.
1894............
1893............
1 8 9 2 .......

1,822,799
212,142
1,586 447
1,033,330
843,800
175,241
106,928
407 894
21.000
218,715

1,2 4,460
30,550

2,396,398
330,000

30,000
1 \8 6 6
9,861
44,530
164,450
9,120

62,300
77,750
50,610
249.790
316,700
20,770

6,428,294
2,928,901
7, 68,931

1,811,836
3,460,648
2,790,190

3,504,348
3,337,636
3,021.442

1,558,439 29,838 023 7,328.986 14,766,539
1,401,439 15,591,448 13,225,189 13,899,981
1,6(189,741 35,735,554 9,987,933 13,036,027

26,839
24,180
1,887

244,470
690.400
36,556

18,800
■ 2,100
867
1,400

3,500

975,783
50,315
157,657

75,186
85,825
235,585

1,905,181
229,461
421,4021

Flour,
bbls.

New Y ork..................
B oston ........................
M o n trea l....................
P h ila d e lp h ia ..........
B altim o re.................
R ich m o n d ................
New O r l e a n s ........

Corn,
bush.

137,879 1,099,900
74,978
161,390
18,515
oto
47,721
115,516
81,835
3a6,377
3,440
14,298
11,660
25,603

Oats,
bush.

173,500
32,630

Wheat,
bush.

24*,001
406,850
735,472

1,275
485
3,034

262,801 1,5'0,851
569,615 1,352,290

T o ta l w e e k ........ 379,028 1,803,579
W eek 1893................. 289,965 2,018,023

Rye,
bush.

Barley,
bush.

966,900
262,870
11,362
165,778
82,576
9,812
31,353

'29.446
7,839
17,75«
l,6a0

4,794
13.C09

2,075

The total receipts at ports named in last table from Jan. 1
to Sept. 1 compare as follows for four years:
1894.
13,100,621

1893.
12,484,663

1892.
12,252,296

1891.
9,489,238

W h e a t.............. .b u s h . 33,193,624
35,5u 1,517
C o r n ...................
27,79H,0»O
O a t s ...................
1,787,839
B a r le y ...............
219,401
R ye....................

61,904.702
36,039,491
31,593,417
2,713,116
856,826

76,343,519
68,266,564
36,424,716
3,099,885
2,978,138

54,787.181
27,211,011
24,479,248
1,853,086
1,989,338

98.501,081

136,107,552

187,112,822 .

110,519.832

Receipts of—
F lo u r.................

T o ta l g ra in .

The exports’ from the several seaboard ports for the week
ending Sept. 1, 1894, are shown in the annexed statement:
Wheat.
bush.

Exports from —

N ew Y o rk ............ ... 660,618
M o n trea l .......... . . . 230,717
...
56,000
P h ila d e lp h ia ..
. . . 493,822

Com.
bush.

91,797
48,796
14,129
3,600

N ew p o rt N ew s.
N o r f o l k ............
P o rtla n d ............
...1,668,821
...2,408,074

158,322
741,677

Flour,
bbls.

Oats.
bush.

109,935
83,909
3 ii,7 4
, 3,857
100,381
, 7.823
15,265
5,192

1,076
217,025

Rye.
bush.

1,076

356.066
352,009

Peas.
bush.

3,398

36,049

___
8,000

39,387
3,180

The destination of these exports for the week and since
t.
Sept. 1,1893, is as ' low. We add the totals for the corresponding periods of ast year for comparison:
■Wheat.-------- Week Since Sept.
1,1893.
Sept. 1.
bush.
bush.

-Corn.Week Since Sept.
Sept. 1. 1,1893.
bush.
bush.

8,68«,536 1,107,081 32,973,793
553,717 24,464,243
1,595,08.
............
32,685
1.55«,998
........
30,225
1,403,^88
128,694
8,023
163,177
4l,oo3

48,796 27,609,584
45,314 21,492,181
19,692
2 0 i,3 l0
44,000
968,054
520
144,476
.............
129,615

356,066 13,712,547 1.668,821 57,664,123
352,609 14,909,512 2,408,074 100,638,099

158,322 50,518,220
741,677 41,730,613

,--------- Flour.--------- >

Exports for
week and since

Week Since Sept,
Sept. 1. 1,1893.
bbls.
bbls.

Sept. 1 to—
■United K in g d o m 244,433
C o n tin e n t............
14.935
S .& C . A m e ric a .. 29,222
W e st I n d ie s ...... 30,396
B rit. N . A . Col’s.
e,92o
O th e r c o u n trie s ..
150
T o t a l ...............
T o ta l 1892-93.......

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Sept. 1, 1894, was as follows: ¡¡¡¡¡3




20,000

43,000

1,297,000

148,000

16,000

3.000

61,000

2.000

61,000

15,000
5,000

288,000
45,000

60,000
23,000

1,000

37,000

213,000

30,000
7,000

172,000
6,000
20,000
72,000
394,000
480,000
21,000
172,000
194,000
39,000

21,000

3,000

10,000

46,000
1,000

1,000
2,000
10,000
3,000

8,000

28,000
3,000
24,000
23,000
95,000

O n M ississippi R iv e r.
O n L a k e s ...................... 1,577,000
O n c a n a l a n d r i v e r . .. 2,136,000

673,000
349,000

1 000
986,000
580,000

T o ta l S ep t. 1,1894.66.949,000
T o ta l A u g . 25,1894.64,771,000
T o ta l S ep t. 2,1893.56,882,000
T o ta l S ep t. 3,1892.36,261,000
T o ta l S ep t. 5,1891.19,862.435

3,151,000
3,038,000
5,547,000
8,472,000
6.967,081

7,204,000
6,097,000
3.933.000
5,0J9,«j00
3,598.014

179,000
160,000
569,000
263,000
351,000
323,000
137,552

308,000
290,000
364,000
539,000
2,758.140

City Railroad Securities—Brokers’ Quotations.
B id . A sk .

B id . A sk .

The receipts of flour and grain at the seaboard ports for the
week ended Sept. 1, 1894, follow:
Receipts a t—

55,000
102,000

5,000

..25,385,000
Do
a f l o a t.........
718.000
M ilw a u k e e ...................
Do
a f l o a t.........
3,114,000
D u lu th ......... ............
Do
a f l o a t.........
3,082,000
T o le d o ......................
D e tr o i t................... . ••• 1,472,000
40,000
O sw ego.........................
St. L o u is ...................... 5,926,000
Do
a flo a t...........
24,000
C in c in n a ti... .vi.*.. v ...
95,000
B o sto n ...........................
31,000
T o r o n to ................... .
M o n tre a l....................... 495,000
P h ila d e lp h ia ................ 1,592,000
160,000
P e o r ia ..........-................
In d ia n a p o lis ................ 456,000
K an sas C ity ................. 1,216,000
B a ltim o re .............. .. 1,000,000
M in n ea p o lis................. 5,386,000

B b ls.im b s Bush.60 lbs Bush.56 lbs Bush.32 lbs Bush.4S lbs B u. 56 lbs.

M ilw aukee...
D u lu th .....
M inneapolis.
T oledo.........
D e tro it........
C le v ela n d ....
Bt. L o u is.......
P eoria...........
K ansas C ity.

3,000

a flo at.

Rye.

Barley.

Oats.

Corn. ?

Wheat.

Flour.

Rye,
bush.

39,000

,. 1,S78,000

Oats,
bush.
2,023,000

1,401,000

.11,401,000
. 285,000

Do
A lb a n y .

Bariev
bush.

Corn,
bush.
306.000
25.000
30.000
100.000

Wheat,
bush.

The movement of breadstuffs to market is inducted in tt e
statement below is prepared by us from the figures of tne
New York Produce Exchange. We first give the receipts at
Western lake and river ports, arranged so as to present the
comparative movement for the week ending Sept. 1, 1814.
and since August 1. for each of the last three vears:
Receipts at—

41L

A tla n . A v e., B ’k ly n —
C on. 5 s, g ., 1 9 3 1 . ..A & O
G en . M. Bs, 1 9 0 9 ... A & 0
I m p t . 5 s , g ., 1 9 3 4 ... J & J
B le ek . S t. & P u l. F .—S tk .
1 s t m o rt., 7 s, 1 9 0 0 . J & J
B ’w a y & 7 th A v e .—S to c k .
1 s t m o rt., 5s, 1 9 0 4 .J & D
2 d m o r t , 5s, 1 9 1 4 .. J & J
B ’w a y 1 s t, 5s, g u a r 1924
2 d 5s, in t . a s r e n t ’1-1905
C o n so l 5s, 1 9 4 3 .. . . J & J
B ro o k ly n C ity —N e w s t k .
C o n so l. 5s, 1941 .. J & J
B ’k ly n C r o s s t’n 5 s . 1903
B ro o k ly n T r a c tio n .............
C e n tr a l C ro s sto w n —S t k . .
1 s t m o rt., 6s, 1 9 2 2 .M & N
C en . P k . N .& E .R iv .—S tk
C onsol. 7s, 1 9 0 2 ....J & D
C h r is t’p ’r & 1 0 th S t.—S tk .
1 s t m o rt., 1898 ....A & O

D. D. E . B . & B a t’y —S t k . .
1 s t, g o ld , 5 s, 1 9 3 2 ..J & D
S c r i p .................. ...............
102
E ig h th A v e n u e —S to c k —
S c rip . 6s, 1 9 1 4 . ...............
30
29
4 2 d & G r. S t. F e r .—S to c k
110
4 2 d S t.& M an .& S t.N .A v .
184 187
1 s t m o r t. 6s, 1 9 1 0 ..M & S
108
2 d m o rt, in c o m e 6 s . J & J
106
H . W . S t. & P , F e r —S tk .
107
1 s t m o rt., 7 s, 1 8 9 4 .. J & J
105
109*2 110 L o n g I s la n d T r a c t i o n . : . . .
M e tro p o lita n T r a c tio n
170
168
in th v
1123$ 114 Neco n dA A e n u e ......................
S
v e n u e —S to c k ...
105
1 s t m o rt., 5s,.1909.M & N
14
14*2
S ix th A v e n u e —S to c k ........
155
119 120 T h ir d A v e n u e ......................
1 s t m o rt., 5s, 1 9 3 7 .. J & J
154
160
T w e n ty - T h ir d S t.—S to c k .
111
D eb . 5s, 1 9 0 3 ...................
145
105

133

137

300
50

52

110
100 Toi*
250
5*
100 1Ö
110 112
53
200
100
14*4
117*3 118*3
140
133 135**

102
200
184
116
290

186
1 1 8 78

100

N. Y. and Brooklyn Gas Securities—Brokers’ Quotations.
G A S C O M P A N IE S .

B id . A sk .

G A S C O M P A N IE S .
B ro o k ly n G a s - L ig h t.........
C e n tr a l.................................
C o n s u m e rs ' ( J e r s e y C ity).
B o n d s ............................. . . .
C itiz e n s ’ ( B r o o k ly n ) — ..
J e r s e y C ity & H o b o k e n ..
M e tro p o lita n —B o n d s ........
M u tu a l (N . Y . ....................
N a s s a u ( B r o o k ly n ) ...........
S c rip .....................................
N . Y . & E a s t R iv . 1 s t 5s.,

105
105
59
85
60
180
105
147
155

100
80

62

82

B id .

70
P eo p le’s (B ro o k ly n ). . . .
P e o p le s ’ ( J e r s e y C ity ) — 170
M e tro p o lita n (B ro o k ly n ). 140
145
105
F u lto n M u n ic ip a l............... 130
105
176
B o n d s, 6 s ............................ 107
S ta n d a r d p r e f . . . . . . . . . . . . . 79
27
C o m m o n .................

A sk .

.....
......
180
109
82
35

Anction Sales.—Among other securities the following, n o t
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son :
Bonds. ..................

Shares.

$ 1 ,0 0 0 B ro o k ly n P e rm a 
100 U n ite d N. J . R R . & C an 
n e n t W a te r L o a n 6s, 1896.
a l C o s.............................
233*2
J . & J .......................
104*8 & I n t .
25 E a s t S id e B a n k . .............. 100
$ 2 ,0 0 0 C o u n ty o f H u d so n ,
2 4 N .Y . M u tu a l G a s C o . . . . . . 150
N. J . 5s, L905.M . & S . . . . . 109
5 N a tio n a l P a rk B a n k .......... 281
2 2 A m e ric a n E . N. B a n k ... 154*4 $ 1 ,0 0 0 C ity of J e r s e y C ity
7 s, 1 906. J . & J . . . 1 2 0 a n d I n t .
15 N in th N. B a n k ................... 120*4
$ 2 5 ,0 0 0 U n ite d T r a c tio n &
W a re h o u s e R eo’ps. f o r 2 ,6 7 4
E le c . Co. (P ro v . & P a w tu c 
h a lf ro lls o f B a g g in g , l*a
k e t R R . issu e) 1st 5s, 1 9 3 3 .
lb s . to 2*4 lb s, to t. 1 3 3 ,7 0 0
M. & S . . ....................... .
95
y a r d s ..........I t ..........................$ 7 ,0 0 0
5 N a t. B a n k of C o m m e rc e .. 177%

Baulmx 0
S amuel

unti
D.

Jfxixaixcial.

D avis

a

G o .,

BAN KERS,
N O . 4 0 W A I jI . S T ., N E W
S a m u e l D . D a v is .

AARK.

Ch a s. B. V an N o strand.

S pencer T rask a
BAN KERS,

C o .,

10 W ALL STREET,
NEW YORK.
State and Jam es Streets, Albany.
Bonds a n d S tocks B o u g h t a n d S old o n C om m ission. D ealers in 8 ta te , C ity a nd
R a ilro a d B o n d s. Corr e sp o n d e n c e in v ite d . EH3
1J £ 3

412

THE CHRONICLE.

3 P ie % x m k z x s 7 (S a m ite *
DIVIDENOS.
N am e o f Company.

F7 ien
P er
Cent, P ayable.

B o o k s C losed.
(D a y s in clu sive.)

R a i lr o a d s .
A tla n ta & C h a r lo tte A ir-L in e ___
B o sto n & A lb a n y « p ia r.)...............
K e o k u k & W e s te rn .* .....................
S o u th w e s t P e n n s y l v a n i a . .. . ........

M is c e lla n e o u s .

C o m m e rc ia l Cable’ (q u a r.)..............
C o n so lid a te d G a s o t N. Y . (q u ar.)

3
2
2*s
1
5
3*2

S e p t.
6 -----------t o ------------S e p t. 29 S e p t. 9 to S e p t. 30
S e p t. 15
O ct.
1 S e p t. 2 1 to O c t. 1
O ct.
1
S e p t. 15

1%
2

O ct.
1 S e p t. 21 to O ct. 1
S e p t. 15 S e p t 1 to S e p t. 16

W A L L S T R E E T , F R I D A Y , S E P T E M B E R 7 , 1 8 9 4 -5 P . M .

The Money M arket and Financial Situation.—The busi
ness week has been somewhat broken by the occurrence of
Labor Day, which is observed here as a close holiday. But
the improvement in business remains as an undoubted fact,
and even at the Stock Exchange, where a considerable reac
tion would not have been extraordinary, the advance in prices
of both stocks and bonds is well maintained, There is a re
markable difference in the tone of feeling from that which existed prior to the settlement of the tariff question, and a little
set-back now is regarded only as one of the natural phases in
the course of business, whereas before there was no elasticity
and when affairs took a downward turn there was no way
seen for them to make a recovery.
Railroad earnings continue to make a more encouraging ex
hibit and returns for the 4th week of August are much better
than those of any previous week. In two instances at least we
have for the month of August the statement “ largest earnings
ever reported for August ”—these being two leading coal car
rying railroads of Ohio and Indiana, where traffic had been
suppressed by the strikes.
Foreign exchange has declined in a few weeks almost to
the gold importing point, and while commercial bills are in
better supply it is also true that the sentiment abroad in re
gard to our securities has greatly changed and confidence
there must continue to increase unless something occurs in
this country that is as bad as the silver delusion, the tariff
contest or the railroad boycott, and most happily our horizon
seems free at present from any such evil threatenings.
The open market rate for call loans during the week on stock
and bond collaterals has been 1 per cent, all the business being
at that figure. To-day rates on call were 1 per cent. Prime
commercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £72,231 and the percentage
of reserve to liabilities was 70’26, against 70'03 last week; the
discount rate remains unchanged at 2 per cent. The Bank of
France shows an increase of 3,400,000 francs in gold and
a decrease of 2,675,000 francs in silver.
The New York City Clearing-House banks in their statement
of Sept. 1 showed a decrease in the reserve held of $850,800 and a surplus over the required reserve of $65,820,825,
against $66,718,650 the previous week.
1894.

Sept. 1.

Capital...................
Surplus........ ....
Loans & disc’nts.
Circulation........
N et deposits........
Specie.....................
Legal ten d ers....
Reserve held........
Legal reserve____

D ifferen’sfrom
P rev. w eek.

*
$
61,622,700
71.276.800
489.879.900 In c .ì,ÌÌ6 .2 0 0
9,784,800 In c .
28,100
585.973.900 In o . 188,100
91.187.800 In o . 443,000
121,126,500 Dec. 1,293,800
212,314,300 Dec. 850,800
146,493,475 In c . 47,025

1893.

Sept. 2.

1892.

Sept. 3.

$
$
60,422,700 60.422.700
71,594,800 67,390,500
400,169,300 487,101,700
9,911,600
5,426,800
374,010,100 509,005,200
66.860.500 79,557,100
25.074.500 55.324.700
91,935,000 134,881,800
93,502,525 127,251,300

Surplus reserve 65,820,825 Dec. 897,825 Dfl,567,525

7,630,500

Foreign Exchange.—The rates for foreign exchange have
been decidedlv weak under a better supply of cotton bills,
present and future, and with a very small demand from im
porters to make remittances. Bankers’ rates were near to the
gold importing point, but advanced a fraction to-day under a
scarcity of bills.
To-day’s actual rates of exchange were as follows: Bankers,
sixty days sterling, 4 85(34 85% ; demand, 4 86@4 86V ;
cables, 4 86%@4 86%.
*
74
Posted rates of leading bankers are as follows :
Septem ber 7.

Prime bankers’ sterling bills on London..
Prime commercial...............................
Documentary commercial.............. _ _
Paris banker’s (francs).....................
Amsterdam (guilders) bankers..............
Frankfort or Bremen(reichmarks)b’nkers




S ix ty D ays.

4
4
4
5

D em a n d .

85*904 86
4 87
84*904 84%
84 04 84%
193805 18% 5 17*905 Ì 6 7
8
40040*8
40*8040*4 /
95095*8
9538095*9

[V o l .

FIX.

The following were the rates of domestic exchange on INew
York at the under-mentioned cities to-day: Savannah, buving
% discount, selling par; Charleston, buying par, selling 1-10
to % premium; New Orleans, bank par ; cornmerci-il 50c.
discount; Chicago, 40c. per $1,000 discount; St. Louis, 50c. per
$1,000 discount.
U nited States Bonds.—Government bonds have met w ith
a fair business and sales at the Board include $25,000 coupon
4s at 115; $35,000 do reg. at 114%-%; $19,000 5s coupon at.
118% @119; $5,000 cur. 6s ’95 at 101%.
In te rest Sept.
1.
P eriods
2 s , .......................... re g .
4s, 1 9 0 7 .................reg.
4s, 1 9 0 7 ..............coup.
5s, 1 9 0 4 ................re g .
5s, 1 9 0 4 ........... .c o u p .
6s, o u r ’c y ,’9 5 . .. .r e g .
6 s, o u r ’oy,’9 6 . .. .r e g .
6s, oiur’c y ,’9 7 ___ re g .
6s, o u r’e y ,’9 8 ___re g .
6s, o u r ’c y .’9 9 — re v .
4 s, (C her.)’9 6 -9 9 .reg .

Q .-M oh.
Q .- .Ia n .
Q .- J a n .
Q .- F eb.
Q .- F e b .
J . & J.
J. & J.
J. & J.
J. & J.
J . & -T.
M arch .

Sept.
3.

* 97
*113*3
*114*9
*118*3
*118*2
*101
*104
*107
*110
*113
*03-5>4

c3
O
w

Sept.
4.

Sept.
5.

Sept.
6.

Sept.
7.

* 96 * 9 6 * 96 * 9 6 ’
*113*9 114 *113% *114
*114*2 115 *114% *115
*118*9 *118*2 *118% *119
*118*9 *118% 119 *119
*101 *101 *101 *101
*104 *104 *104 *104
*107 *107 *107 *107
*110 *110 *110 *110
*113 *113 *113 *113
* 03-514 *03-514 *03-5)4 *03-5>4

*Thisis theprioe bid at the morning board: no s a le was made.

United States Sub-Treasury.—The following table shows
eceipts and payments at the Sub-Treasury.
D a te.

R e c e ip ts.

$

P a y m e n ts .

C oin.

$

B a ta n e e s ■
C oin C ert’s. C u rren cy.

1
3
4
5
6
7

2 ,7 2 2 ,8 9 6

$
2 ,6 5 3 ,4 9 5

7 5 ,3 4 7 ,3 6 4

3 ,5 4 9 ,6 1 1

$
6 4 ,9 4 3 ,4 6 6

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

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

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

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

65.38 6 ,32'5
6 5 ,2 0 9 ,6 6 6 ’
6 5 ,4 5 8 ,8 9 0
6 5 ,4 4 8 ,7 5 8

T o ta l

1 3 ,9 8 2 ,4 0 0

1 3 ,8 2 3 ,4 0 9

S e p t.
“
“
“
“
“

$

Coins.—I ollowing are the current quotations in gold for
coins :
S o v e re ig n s ............ $ 4
N a p o le o n s ............ 3
X X R e ic h m a ik s 4
25 P e s e ta s ... . . . . 4
S p a n . D oubloon s. 15
M ex. D o u b lo o n s . 15
F in e g o ld b a r s . ..

85
85
70
75
55
55
par

0 $4

90
® 3 90
® 4 80
0 4 85
® 1 5 75
0 1 5 75
0 % p re m .

F in e s ilv e r b a r s .. — 64% ® — 6 5 %
F iv e f r a n c s ........... — 9 0 0 — 95
M e x ic a n d o l l a r s . . — 52*9® — 53*2

D o u n c o m ’c i a l . . ------ 0
P e ru v ia n s o l s . .. .. — 5 1
E n g lis h s ilv e r ___ 4 8 0
TJ.S. t r a d e d o lla rs — 5 5

— —
® — 52
0 4 90
0 — 65

State and Railroad Bonds.—Sales of State bonds at the
Board have been larger this week and include $170,000 of Va.
6s def’d tr. recp., stpd., at 8 to 8% ; $8,000 Ya. 2-3s of 1991 at
58%; $49,000 Tenn settlt. 3s at 78%-78% ; $10,000 Ala., Class
A, at 102%; $10,000 N. C. sp. tax., W. N. C. RR. issue, at 3%.
In railroad bonds there has been a fair steady business
with very little recession in prices and notable advances in*
some issues. The Northern Pacifies have been active and
strong for all the bonds below the first mortgages, the prices
being stimulated by the better reports of earnings in
August, particularly for the later weeks. Chesapeake
& Ohio bonds are traded in freely and the general
4% per cents close at 76%. Atchison bonds have been
less active and prices are a little easier.
Philadel
phia & Reading pref. incomes are also less active, waiting for
some definite announcement from the committees, which ap
pear to be working harmoniously over the terms of reorgan
ization. The Richmond Ter. and the new Southern Railway
securities “ when issued” are all more or less active, and
prices generally firm. The better prospects for railroad traffic
now constitute the main support of the market, and many
roads having passed through the period when there was some
fear that they might not be able to pay their interest a better
demand for their bonds has sprung up both at home and
abroad.
Railroad and Miscellaneous Stocks.—The stock m arket
has been relatively dull on the general list, while some
specialties have been notably active. Among the latter Dis
tilling has been most prominent, and opening on Thursday at
18% it began to decline sharply after 12 M. under a pressure
of sales, touching 16 then and 14% to-day, closing at 15%.
The sales for parties who had loaded up under the recent
rumors about taking whiskey out of bond and also of contest
ing the validity of the tax are alleged as a reason for the
break. Sugar also sold down sharply on Thursday, but
rallied quickly and advanced on purchases by the shorts,
closing to-day at 105% against 104% last Friday. The quar
terly dividend is to be acted on next week, and it is supposed
the usual 3 per cent will be declared. Western Union ad
vanced to 92 on Tuesday, apparently on the improved prospects
for earnings in common with the railroads. Railroad stocks
have not been active but prices of the grangers are pretty
well maintained, and Burlington & Quincy and Rock Island,
two of the roads to be most affected by the failure of corn,
have held most of their recent advance, though all closed
easier to-day. One feature of the stock market the past few
weeks has been an increased demand for some of the lowpriced stocks. Among these Norfolk & Western common
advanced above 9 on a good demand, closing at 8%. St. Louis
Southwestern pref. sells more freely around 10. Atchisoa
has advanced to 7%,

Septem

ber

THE CHRONICLE.

8, 1894.]

413

NEW YORK STOCK E X C H A N G E -^C r/F S STOCKS fo r week ending SEPT. 7, and since JAN. 1, 1894.
H IG H E S T A N D L O W E S T P R IC E S .
S a tu rd a y ,
S ep t. 1.
' ""
7%
7
1%
138
*76% 77%
*66% 67%
52%
‘ 52
*113% 114%
21% 21%
*140 142
77% 77%

M o n d ay ,
S e p t. 3.

*..........
65%
121%
106%
142
64 %
37%
*112
40%

65% 65%
*37% 38
*112 1 1 4
39% 40%
85
85
*18% 19%
*63
135 1 35%
*167 168
36

*93

11% 11%

*117 1 1 9
99%
*98
5%
5%
22
*19
15
15
'2 3 % 2 4
29%
29

20% 20%
75

16
*60
*27
16%

16
70
3 0 __
16%

101% 101%

26% 26%
*182 1 83%
173b
16%
*43%
S38
*26
5%

17%
16%
44%
8%
26%
5%

O
t"1*
0
*4

20% 22%

*14

18

*20% 22
*4%
4%

4%

21% 22
18
49
18

*22
*4%
*9
*27
*85

6634
*121%
106%
141%
66
38
*112
41

18%
49 %
183s
23
5
9%
29
95
107

102
20% 21
10% 10%

17%
16%
44
8%
26 %
5%

17%
16%
44%
9%

2 >%
5%

21% 22%

*14

*21

*4%
4%

18

22
8
5

21% 22%
18
49 %
18%
23

19%
52%
18%
23

17 %
16%
44
9
26 %
5%

135
134% 135
1 68% 163% *167

20% 21
10% 10%

33%
77
103%
97
103
108%
73%
9%
24%

33%
78
103%
96
103
1 08%
73%
"9
*24
122
18 %
40%
42%
89%
4%
16%
*14%

*21

35%

12

19%
523g
18%
23%

20%
54
19%
23%

19
32%
42
92

*5%
6%
*34% 38
*70
80
14
14
4%
4%
7%
7%
16 % 173s
13 % 13%
463s 4 6 %
*3%
6

18%
17%
31%
42
90%

17 %
32
*40
90 %

19
33
*40
9 Î%

* Xheee are l)icl and asked: no sale made,




5

10%

28
95
107

20% 21
10% 10%

18%

*162 ~1 6 4

35

35%

C hicago R o c k I s la n d & P acific
C hicago St. P a u l M inn. & Om.
Do
p re f.
C leye. C incin. Chio. & S t. L ...
■Uif
J J Id .
C o lu m b u s H o c k in g V al. & Toi
D e la w a re & H u d s o n .................
D e la w a re L a c k a w a n n a & W e s t
Do

p re f.

11% 11% E .T .V a .& G a .,c e rt. a l l a s s ’t p d .

17%
16%
43
8%
26
5%
21% 20%
*14
20
*20
23
*7
7%
4%
4%

*14

7%
4%

Í 17%
P 31%
*40%
89% .

19
40%
43
90
*334 5
*15% 1 7
*14% 1 6

12
20

20

21

22% *21

7
4%

34
77%
104%
97%
103%
107%
73%
*9
*24
123
18%
41%
43%
*88
4%
17 %
*14%
*82%
1 6 2 % 162% 1 6 0 '
*65% 663a
1 8 " 18%
18%

122

35%

1738 17%
16% 16%
*43
44
8%
8%
26% 26%
5%
5%

21% 22%

34%
78%
1 05%
97
1 03%
108%
74%
10
25
123
18%
42
43%
89%
4%
17%
16

18%
39%
43
*87%

135
169

*12% 12% *11% 12%

17%
16%
44
9%
26%
6

21% 22%

*14

5
5
5%
9%
9%
10
*23
*27
29
*85
86
86
*102 1 0 7 *102
*5%
5%
36% 36%
*70
80
13% 14
4%
5%
7%
7%
16 % 16%
13 % 13%
46% 46%
*3%
5

33%
77 %
104%
97
103%
108%
74%
9%
24%

A ctiv e R R . S to c k s.
A tc h iso n T o p e k a & S a n ta F e .
A tla n tic & P a c ific .......................
B a ltim o re & O h io .......................
C a n a d ia n P a c ific .........................
C a n a d a S o u th e r n .......................
C e n tra l o f N e w J e r s e y . . . . ___
C h e sa p e a k e & O h io . ___'. . . .
C hicago & A l t o n .........................
C hicago B u r lin g to n & Q uincy

141ia 1411«

65
65% 66%
65%
38
38% 38% *87
*112 114 *112 114
40% 40%
4 0 % 41
84% 8434
*18% 19
19%
18% 19

1134 11%

S a le s ol
th e
W eek,
S h a re s.

STO CK S.

F r id a y ,
S e p t. 7.

*94
65% 66% C hicago M ilw au k e e & St. P a u l
66% 67%
1 2 2 % 122% ‘ 1 2 1 % 1 2 3
Do
p re f.
106% 106% 105% 106% C hicago & N o r th w e s t e r n ........

20
13%
50

*6
6%
*34% 38
*69
13% 14%
*4%
5%
*7%
7%
16% 163s
13% 13%
46
46
4%
4%

122

67%
122%
107
141%
66%
38%
114
41

*18%
14
*45
101% 101% *10 0
9 4 % 95
*94%
*9%
934 ‘ 9
*33
36
*33
17 % 19
18%
72
72%
72%
1 3 6 136% 1 3 7
*87% 90
*87
56% 57%
56%
*7%
8
8%
*26
29
*26

18
72
136
90
57%
9
28

*65

T h u rsd ay ,
S e p t. 6.

19% 19% D o 1 s t p r e f ., c e r t. a 11 a s s ’t p d
*19
20
14% 14% *13% 14% Do 2 d p re f., c e rt, a il a s s ’t pd.
14%
*45
50
*45
50
50
1 0 3 *100 103 *100 103 G re a t N o r th e rn , p r e f ...............
*94 95 *94 95% Illin o is C e n tr a li." . .. .................
95
9%
9%
9% 9% *9
33
33
33 33
36
DO
p re f.
*18% 19 L a k e E r ie & W e s te r n ...............
19%
18% 19
73% 73%
73%
73
73%
136% 1 3 6 'a L a k e S h o re & M ich. S o u th e rn
137
135% 136
*87
9 0 L o n g I s l a n d ..................................
90
87% 88
55% 56% L o u isv ille & N a s h v ille ..............
56%
56% 56%
*8
8 % L o u isv . N ew A lb. < C h icag o .
8%
*8
8%
fe
*25
27
28
25
25
Do
p re f.
x13
8
*1% ..........
120 120% M a n h a tta n E le v a te d . consoL .
1 1 8 % 120% 120 120% 120 Ì20
*96% 98
*98% 99% *98
99
*97% 9 9
3%
4 M in n e a p o lis & S t. L ., tr . re c ts .
4
4%
5
5
*4
5
18% 19
20
20% 20
20
21
Do
p re f. .tr . r e c ts .
153s 15% *14% 15% M isso u ri K a n s a s < T e x a s ___
15 % 153s
15
15%
fe
21
24
24
24
23 % 24%
23% 23%
Do
p re f.
29% 30% M isso u ri P a c ific ...........................
29 % 303e 30 % 30%
3 0 % 30%
*20
21% M obile & O h io ..............................
*20% 21
20% 21
21
21
*65
8 0 N a sh v . C h attan o o g a & S t.L o u is
*65
75
*65
75
70
70
101% 101% 101% 101% 101%101% 100% 101% N ew Y o rk C entral<fc H u d s o n .
JLOa 15% N e w Y o rk C h ic ag o & St. L o u is
4
*15% 16
*15
16% *14% 16
*62
72
*63
70
*65
70
*64
72
Do
1 st p re f.
*27
29
28
28
27 % 28
28
28
Do
2d p re f.
16
16% N ew Y o rk L a k e E r ie & W est’n
163s 16%
l6 % 16%
16% 16%
*32% 33%
27
27%
27% 27%
2 6 % 27% *26% 27 N .Y .& N .E ., tr . re c s .3 d in s .p d
*182 183% *181 183% *181 183% *181 183 N ew Y ork N ew H a v e n & H a rt.
*18%
13 %
*45

103
94 %

*17%
72
13538
*87%
56%
*8%
28

96%
67%
122%
107
143
66%
38%
114
41%

18% 19
*18%
*63 ..........
1 35% 135% 1 3 5 1 3 5
1 6 8 168% 1 6 8 % 168%
*12
13
36
36%
36
36%

12
*11
*18% 20
14
*12%
*101

W e d n e sd a y ,
S e p t. 5.

7%
8%
7%
8
7%
7%
7%
8
1%
*1%
1%
1%
1%
1%
1%
1%
76% 76%
*76
77%
77
78
*76% 78
67
*66% 67%
66
66
*66
67% *66
52% 52%
53% 53%
52% 53%
53
53
1 13% H 3 % I I 334 113% 112 112
112% 113
2 1 % 21%
21% 21%
20% 20%
20% 21
*140 1 4 2
1 4 0 % 1 4 0 % 1 4 2 142 *141 145
75% 77
7 7 % 78%
7 7 % 78%
76% 7 8

96%
6538 66
122 1 2 2
106% 106%

36

T uesday,
S e p t. 4.

34
77%
106%
98 %
104%
1 07%
74%
10
25
123
19%
42
43%
90
5%
18%
16%
......
161
18%
19%
33
42
92

7%
4

21% 21%
20
20%

52%
18%
*23

53%
19%
24

17%
16%
43
8-*4
26
5%

N ew Y o rk O n ta rio < W este rn
fe
N ew Y o rk S u s q .& W e s t.,n e w .
Do
p re f.
N o rfo lk & W e s te r n .....................
Do
p re f.
N o rth e rn P a c ific .........................
20%
Do
p re f
20 O hio S o u th e r n ....................... .
23 O re g o n R ’y & N a v ig a tio n Co.
7%
4% P e o ria D e c a tu r < E v a n s v ille .
fe
21% 21% P h ila d e lp h ia & R e a d in g ..........
19% 20 P itts b u r g C inn. C hic. & S t. L .
51
51%
Do
p re f.
18% 18% R .& W .P. T e r.,tr. r . 5 t h a s s t p d
23
23%
Do
p re f. tr . r e c ts .

R a n g e f o r y e a r 1 894.
L o w e st.

Highest.

2 1 ,6 1 6
3 J u ly
750
% Jan .
700 67 J a n .
5 62% J u n e
1,853 4 7 J a n .
834 104 M ay
9 ,4 2 9 16 M ay
60 130 F e b .
5 5 ,1 0 0 7 0 A ug.

23 16 M ar.
2
1 % M ar.
2 81% A p r.
11 73% J â n .
3 53% A ug.
31 117% M ar.
21 21% A ug.
12 142 J u l y
7 84% M ar.

50
82,851 54%
9 5 4 116
5 ,172 9 7
207
17,631 61%
3 ,405 32%
109%
2 ,4 3 0 31
67
525 1 5

Jan .
Jan.
Jan.

3 67% S e p t. 6
2 123% M ar. 1 3
3 110% J u n e 7

J a n . 3 72%
J a n . 3 41 %
J a n , 4 116
J a n . 10 4 2
J u l y 11

5%

10%

28
95
105

IIQld eertádoates.

*23
93

12d assessment j aid,

A p r. 7
A p r. 7
A p r. 16
A ug. 2 5

20% M ar. 3 1

1,441 126% J u l y 9 144% A p r. 7
1 ,500 158 M ay 21 170% J a n . 1 6

121$ Ang 20

1 ,800
2,300

24
||%
100 11%
1,821
4%

June
Jan .
June
M ar.

22
19
23
28

36%
12
19%
14%

100 100 J a n . 4 106
325 89 J u l y 9 9 5
30
47 23% J a n . 4 39%
2 ,7 2 0 13% J a n . 12 19%
2 ,5 6 3 63 J a n . 3 73%
1 ,665 118% J a n . 3 139
265 8 7 M ay 22 1 0 0
2 9 ,1 1 2 40% J a n . 12 57%
300
6 J u n e 5 10
137 19 J u l y 9 4 0
2 ,1 7 4 111%
94
3%
15%
1,110 12
566 18%
9 ,0 6 8 18%
900 15%
50 7 0
2,455 95%
100 13%
62
4 0 0 25
2,813 11%

1 ,7 4 0
700

4 ,110
3 ,4 5 5
2,775
1,025
5 .4 5 0
710
2,525
1 1 ,935
500
1 ,425
1 1 ,6 0 4
1 1 ,773
3 ,133
2 9 ,2 0 0

J u ly
J u ly
J u ly
J u ly
June
June
Jan .
Jan .
Jan .
M ay
M ay
J u ly
J u ly
June

||3% M ay
178 J u l y
$1q M ay
14 J u n e
13% J u l y
3 6 M ay
4 J u ly
17% J a ri.
3% J u n e
12% M ay
12 A ug.
10 J u n e

2%
14%
10%
42
|| 2
1,220 12%
15

A ug.
M ay
J u ly
J u ly
Jan.
Feb.
Feb.

31
23
25
20
23
25
5
3
19
24
22
31
31
25
39
19
11
24.
25
7
21
3
19
22
21
8
20

127%
100%
13%
38%
16%
27%
32%
22
74
102%
16%
75%
34%
18%

S e p t.
S e p t.
S e p t.
S e p t.

5
6
7
5

A p r. 9
M ar. 2 9
A p r.
A ug.
S e p t.
A ug.
Jan.
A ug.
Jan.
Jan.

A pr!
Feb.
A p r.
A p r.
A p r.
A p r.
A p r.
M ay
A p r.
A ug.
A p r.
Feb.
A p r.
M ar.
14 Mi%|\
28% A ug.
195 M ar.

9
24
6
23
2
31.
22
6
26 :
1
7
9’
7
9
7
15
18
23 9
32‘
2827
21.
15

17% S e p t 4
17% A u g j î é
46% M ar. 5
9% S e p t 526% S e p t. 66% M ar. 2 0
23% M ar. 3 0
17 A ug. 8
3 0 M ar. 7
10 % A p r. 6
2
6% A ug. 2 3
21 23% M ar. 1 4
12 20% S e p t 5
20 5 4 S e p t 5
15 19% S e p t 6
7 23 % S e p t 5
1 15 F e b . 1

*4%
5% St. L o u is S o u th w e s te r n ............
1 ,4 4 0
3 J u l y 31
9% 10
2 ,2 9 0
7 J u l y 11
Do
p re f.
23 St. P a u l & D u lu th .......................
22% J a n . 18
93
73 88 " J a n . 8
Do
p re f.
*102 107 St. P a u l M inn. & M a n it o b a ...
15 100 J a n , 6
20% 21 S o u th e rn P a c ific C o...................
20% 21
2 ,5 6 0 17% J u l y 23
10% 10% 10% 10% T e x a s & P a c i f i c .. .. ........ ...........
4 ,3 4 5
7 Jan . 2
*5%
6 T o led o A n n A rb o r & N . M ich .
3 A ug. 9
*5%
6%
*37 • 4 0 T o led o & O hio C e n tr a l..............
*35% 4 0
3 0 0 34 J u l v 28
80
*70
80
*70
13% 13% U n io n P a c if ic .....................* .....
13% 13%
3 ,012
7 J u ly 30
5% U n io n P a c ific D e n v e r & G u lf.
*4%
700
3 A ug. 9
*4%
5%
7% W a b a s h ............................................
7%
1 ,1 6 0
5% J u l y 10
7%
7%
16% 16%
8 ,2 5 6 12% J a n . 2
16% 17%
Do
p re f.
12% 12% W h ee lin g & L a k e E r i e ..............
9 J u l y 27
1 3 % 13%
975
45 % 4 6
1 ,0 3 0 32% J u l y 27
4 5 % 46%
Do
p re f.
5 W isc o n sin C e n tra l C o m p a n y .
1% J u l y 23
4%
4%
*3%
300
M isc e lla n e o u s S to ck s.
33% A m e ric a n C o tto n O il C o ..........
33
4 ,5 4 5 26% M ar. 2
33% 3 4
78
1,110 6 3 J a n . 2
78
78
Do
p re f.
78
104% 105% A m e ric a n S u g a r R e fin in g C o. 2 1 9 ,9 2 8 75% F e b . 1
1 02% 1 0 6
4 ,1 9 9 79% J a n . 2
97 % 98%
98% 98%
Do
p re f.
5 ,4 4 6 69% J a n . 2
1 0 3 104% 1 0 3 103% A m e ric a n T o b a c c o C o..............
243 91% F e b . 16
Do
p re f.
1 0 7 % 107% 107% 109%
74% C hicago G a s C o„ t r u s t re o ’t s . . 4 1 ,5 3 4 58% J a n . 3
74
74 % 75%
9% C o lo rad o C o al & I r o n D e v e l..
300
5 J u n e 26
*9%
9%
9%
1 ,1 7 5 21 J a n . 3
26
25% 26 C o lo rad o F u e l & I r o n ................
25
260 111 J u l y 3 0
1 2 3 123 *122% 124 C o n so lid a te d G a s C o m p a n y ..
14% 16 D is tillin g & C a ttle F e e d in g Co 8 0 ,6 0 0 14% S e p t. 7
16
18%
7 ,4 1 4 30% J a n . 3
40% 4 1 G e n e r a l E le c tr ic C o...................
40% 41%
43% 4 4 N a tio n a l L e a d C o . . . . . . ............
8 ,4 1 6 2 2 J a n . 2
43 % 44%
90
219 68 J a n . 2
9 0 __ 9 0
Do
p re f.
*88
2% J u n e 25
4%
4% N o rth A m e ric a n C o...............
3 ,1 0 0
4%
4%
11% A u g . 1
18 O re g o n Im p r o v e m e n t C o___ „
*17
17% 18
110 13% M ay 15
16 P a c ific M a ll.............................. ..
*15
16
16
7 9 J a n . 15
*82%
*82%
4 2 0 152 J u l y 9
159 Ì5 9
157 1 5 7 P ifn m a n P a la c e C a r C o m p a n y
6 4 A p r. 26
*64% 6 6
1,395 14% J a n . 3
18% 18% T e n n e ss e e C oal & I r o n ..............
*18% 19
62% M ay 2
Do
p re f.
4 ,9 9 8 15% M ay 19
17% 18% U n ite d S ta te s C o rd a g e C o —
18% 18%
635 30% A ug. 31
33
Do
p re f.
33
*31
*31
33% M ay 22
*40% 4 2
*40
42
2 7 .6 3 6 SOia .Tan. 3
90% 91%
90% 91% W e s te rn U n io n T e le e ra n h
5%

10

*23
*85
105

14
28
618
248
31
5
21

5%
11
28
95
107
25
10%
11%
38
75
22 %
6%
8%
18%
14%
51%
8%

A p r. 5
A p r. 5
A ug. 2 1
M ar. 2 9
M ay 5
M ar. 1 4
A ug. 2 0
A p r. 3
Jan . 30
Jan. 2
M ar. 3 1
M ar. 2 9
A p r. 6
A p r. 9
A ug. 28
A p r. 2
A p r. 2

34%
78%
114%
100%
107
110
SO
13%
27%
140
30 %
45%
44%
92 %
5%
18%
19
90%
174
67
20 %
71
23%
41
43
92

A ug. 2 5
S e p t. 4
A ug. 2 1
A ug. 21
A ug. 2 7
A ug. 21
Ju n e 25
A p r. 4
A p r. 4
A p r. 2 0
Feb. 6
M a r. 8
A ug. 2 0
A ug. 2 3
M a r. 1 7
S e p t. 5
Ja n . 30
June 9
A p r. 1 3
Jan . 20
M a r. 6
A p r. 2
J u n e 13
J u n e 19
A p r. 5
S «nt. 4

THE CHRONICLE,

414

NEW YORK STOCK EXCHANGE PRICES (Continued )—IN A C T IV E STOCKS.
Sept. 7.

I nactive Stocks
IT In d ic a te s u n lis te d .

B id .

R a n g e (sa tes) i n 1894.

Ask.

L o w est.

165
135

102 %
12
18%

49%

: 15
152

6%

32
5
13
14
51

6

5

10

8%
13
15
100
105

175

J u ly 1 7 6
M ar. 135
Ju n e 100
14
10 J u ly
18
2 0 % 20 J a n .
24%
62
61
61 A p r.
50 Aug. 5 2
10*4 J u n e 17
147 J a n . 154%
7%
7%
5% J a n .
34
14 J a n .
8% 4% J u l y
8
15
13 A ug. 19
15% 14 A p r. 16%
44% A pr. 45
7
5%
7%
3 78 A ug.
15
12 A ug, 12
2% J a n .
12
86% J a n .
92
8%
9%
7% J u n e
5
12 j a n .
13
12% J u n e 2 2
5 F eb .
6
166
135

100

110

8%

838

Sept. 7.
B id .

IT I n d ic a te s u n lis te d .

R a i lr o a d S to c k s .

A lb a n y & S u s q u e h a n n a ............ 1 0 0
B ellev ille & S o u th . 111. p r e f .......100
B o sto n & N . Y . A ir la n e p r e f . .1 0 0
B ro o k ly n E le v a te d U.................... 100
B uffalo R o c h e s te r & P it ts b u r g . 100
P r e f e r r e d ........ ............................... 1 0 0
B u rl. C e d a r R a p id s & N o r..........100
C e n tra l P a c ific ................
.1 0 0
C le v e la n d & P it t s b u r g ................ 5 0
D es M o in es & F o r t D o d g e ... .. . 1 0 0
P r e f e r r e d ................. ..'................1 0 0
D u lu th So. S h o re & A tla n tic H .1 0 0
P r e f e r r e d U....................................1 0 0
F li n t & P e r e M a r q u e tte ............... 100
P r e f e r r e d ....................................... 100
G e o rg ia P a c ific T r u s t c tfs ff___ 100
G r. B ay W in. & S t .P . t r . r e c — 1 0 0
P r e f e r r e d t r u s t r e c t s ................ 1 0 0
H o u sto n & T e x a s C e n t r a l......... 100
Illin o is C e n tra l le a s e d l in e s ___100
K a n a w h a & M ic h ig a n .................. 100
K e o k u k & D e s M o in e s ..................100
P r e f e r r e d ........................................ 1 0 0
L . I. T r a c tio n IT......................................
L o u isv . E v a n s v . & S t. L . C o n s. 1 0 0
P r e f e r r e d ....................................... 100
M a h o n in g C o a l............................... 5 0
P r e f e r r e d ...... ................................ 5 0
M e tr o p o lita n T ra c tio n U ..............100
M ex ic a n C e n tra l......................... . .1 0 0
M e x ic a n N a tio n a l.......... ................1 0 0
M o rris & E s s e x ..................
50
N . Y. L a c k . & W e s te r n ........ . . . . 1 0 0
N o rfo lk & S o u th e r n .......................100
P e o r ia & E a s t e r n ............................1 0 0
P it ts . F t. W a y n e & C h ic a g o ... .1 0 0
P i t t s . & W e s te rn p f ....................... 5 0
R e n s s e la e r & S a r a to g a ................ 1 0 0
S >me W at.& O g d e n s b u rg h ___100

(% In d ica tes a ctu a l sa les.)

I nactive Stocks.

H ighest.

R a n g e (sa les) in 18 4.

A sk.

L ow est.

30
.1 0 0
33
20
.1 0 0 165 175 150
S o u th e rn Ry.- -w h e n issuedU
12
1 13% 14
P r e f e r re d
do
d o it - . . . Î 41%, 42
34%
.1 0 0
15
T o led o S t. L. & K a n s a s C ity if.
I
2%
2

A pr.
M ar.
June
A ug.
A p r.
A p r.
A p r.
M ar.
M ay
June
A ug.
A pr.
A p r.
A pr.
M ar.

m is c e lla n e o u s S to c k s .

A m e ric a n B a n k N o te Co IT.

M ar.
A ug.
A ug.
J u ly
A p r.
June
A p r.
F eb.

104 A ug. 107 M ar.
112 J u ly 1 2 0 M ay
8% A p r.
6% F e b .

..........148 J a n .
155% S ent.
___J a n .
115% Aug.
6 5 I 51 J a n .
59% A p r.
6 J u ly
6 I 2% A ug.
154 M ay
..........1 4 9 J a n .
2 7 % ! 2 0 J u ly
29% A pr.
..........172% F eb .
181 S e p t.
1 1 6 109% M ay 115 S e n t.
N o p ric e F r id a y ; l a t e s t p r ic e th is w e ek .
t A c tu a l s a le s .

P o s ta l T e le g ra p h —C ab le 1T.

60
3
152
26
179
115

UX,

[V O L .

U . S. L e a th e r p r e f e r r e d 1].

.1 0 0 1147
45
TOO |1 1 0
.1 0 0 I 91
4%
100
.1 0 0
100
.1 0 0
.1 0 0
7%
100 125
100
28%
99
.1 0 0
100
100 Î 19%
72 '

143
47
112

147

108
85
5%
3
90

KO
4%
140
28
101
93
36
15
74
59
..... ......
. . . 22
100
40
60
.1 0 0
100
47%
50
100
52
45
100 Î 16%
16
.1 0 0
9% 10
7
100
7
9
7
100
7
10
6%
300
2 .8
50
60
100
3
1%
1%
100
14
15
13%
100 . . . . .
7%
52
.1 0 0 Î 51
48
I 62%
100 1 94%
80
'
.1 0 0 116 i' 2i
109
8%

Highest.

Jau.
35 A p r.
M ar. 167% J u n e
A ug. 14% S e p t.
A ug. 42% S e p t.
A p r.
17 A pr.
M ar.
2 M ar.
S e p t. 154% J a n .
J u ly 1 1 6
F eb.
92
June
5
A ug. 97%
Jau.
Feb.

A p r.
A ug.
M ar.
A p r.

9% A p r.
3i
104

M ar
A p r.

2 0 A ug.
74% A ug.
22% M ay

Jau.
M ay

J u n e 59 % F e b
F eb.
52 M ar.
Feb.
25 J a u .
J u ly
12 A ug.
Feb.
8% M ar.
Jan .
12 M ay
Feb. 315 J u u e
Jan .
A ug.
Jan.
Jau.
Jau.
J u ly

3
17%
11%
57

F eb.
M ar.
A ug.
Jan.

96% A ug.
128 J a n .

NEW YORK STOCK EXCHANGE PRICES.—S T A T E BONDS SEPTEMBER 7
S E C U R IT IE S .

B id .

A la b im a —C la ss A , 4 to 5 ....... 1 9 0 6
C lass B , 5 s ................................. 1 9 0 6
C lass C, 4 s ................................... 190 6
C u rre n c y f u n d in g 4 s ........ ...1 9 2 0
A ‘k a n s a s —6 s, fu n d ,H o i. 1 8 9 9 -1 9 0 0
d a . N o n -H o lfo rd
7s, A rk a n s a s C e n tr a l R R ..............
L » u isian a—1 s ,e o n s ................. * 9 1 4
7
S ta m p e d 4 s ................. . ................ . .
N ew eo n o ls. 4 s ....................... 1914.

A sk.

S E C U R IT IE S .

B id .

New York City Bank Statement for the week ending
September 1, 1894. We omit two ciphers (00) in all cases.
Ba n k s.
(00s o m itte d .)
B a n k of N e w Y b rk ..
M a n h a t ta n Co.. . . . . .
M e rc h a n ts ’. . . . . . . . .
M e c h a n ic s ’...........
A m e r i c a .....................
P h e n ix ........................
C it y ..................... —
T ra d e s m e n ’s ............
C h e m ic a l — .........
M e rc h a n ts ’ E x c h ’g e
G a ll a ti n N a ti o n a l...
B u tc h e r s ’& D rover,
M e c h a n ic ^ ’ & T r a d ’s
G r e e n w ic h . . . . . . .
L e a th e r M a n u fa c ’r s
S e v e n th N a ti o n a l...
S ta t e of N ew Y o r k ..
A m e ric a n E x c h a n g e
C o m m e rc e .......... .
B r o a d w a y .................
M e r c a n t ile .................
P a c i f ic .........................
R e p u b lic .....................
C h a th a m ( ....................
.
P e o p le ’s .................... .
N o r th A m e ric a — ..
H a n o v e r ....................
I r v i n g . .......................
C itiz e n ’s ............... . . . .
N a s s a u .........................
M a r k e t & F u l t o n ...
S h o e & L e a th e r ........
C o rn E x c h a n g e ........
C o n ti n e n ta l................
O r i e n t a l .......................
I m p o i te r s ’& tr a d e r s
P a r k ..............................
E a s t R i v e r ...............
F o u r th N a tio n a l . . .
C e n tr a l N a ti o n a l___
S eco n d N a tio n a l . . .
N in th N a ti o n a l........
F i r s t N a ti o n a l— ; .
T h i r d N a ti o n a l. . . . . .
N .Y . N a t. E x c h a n g e
'B o w e r y ..
N e w Y o rk C o u n ty ..
G e rm a n A m e ric a n ..
C h a s e N a ti o n a l.........
F i f t h A v e n u e ...........
G e rm a n E x c h a n g e ..
G e rm a n ia . . . . ______
TTnited S t a t e s ...........
L in c o ln ..........
G a rfie ld ....................
F if th N a t i o n a l ........
B a n k of t h e M etro p .
W e s t S id e ..............
S e a b o a rd ...................
S i x t h N a t i o n a l ........
W e s te r n N a ti o n a l..
F i r s t N a t. B r ’k l y n ..
S o u th e r n N a tio n a l..
N a t. U n io n B a n k ....
L i b e r ty N a t . B a n k .

C a p ita l S u r p lu s L o a n s . I Specie. L e g a ls.
2.050.0
2, 000,0
2, 000,0
3.000.
1.000.

1, 000,0
750.0
300.0
600.0

1, 000,0
300.0
400.0
200.0
600,0
300.0
1.200.0

5, 000,0
5, 000,0
1 000,0
1 000,0
422,7
1.500.0
450.0

200.0
700.0

1, 000,0
500.0
600.0
500.0
750.0

1, 000,0
1 000,0
1 000 , 0 ,
300.0
1.500.0

2 , 000,0

250.0
3.200.0
2,000,0;
300.0
750.0
500.0

1,000,0

300.0
250.0
200.0
750.0
500.0
100.0
200,0
200,0
500.0
300.0
200.0
200,0
300.0
200.0
500.0
200.0
2 , 100,0
300.0
500.0
1 , 200,0
500.0

1.989.1
1.931.3
964.3
2,060,0
0
2.249.5
0
447.3
2.890.7
153,2
7.272.2
148.1
1.602.4
265.4
410.4
168.1
531.1
112.4
498.1
2.303.6
3.499.2
1.551.8

1. 100.6

470.8
926,6
963.5
318.2
615.4
1.901.2
332.9
378.3
286,0
789.6
255.5
1 ,2 4 7 2
211.4
419.2
5.460.7
3.081.4
135.5
1.966.0
502,8
572.4
369.2
7.301.0
174.7
139.0
551.5
556.4
. 302,4
1.162.8

1.029.5

604.1
602.5
514.8
510.9
637.2
311.0
719.2
294.5
225.3
342.4
238,2
856.6
567.7
279.5
103.0

$
16.140.0
13.631.0
9.483.7
9.825.0
18,749,8
4.974.0
21,904,4
2.414.8
26.286.3
3,756,5
6,617,3
1.694.9
2.210.0
1,160,1
2.985.9
1.705.2
3.145.2
22.642.0
21.653.7
5,884,1
8.152.3
1.809.9
12.710.4
5.233.0
2.250.1
5.095.2
18.449.8
2.916.0
2.578.9
1,934,7
5.007.3
3.147.0
7.929.0
5.134.4
1.836.1
22.313.0
23.300.9
1.105.4
20,753,3
9.038.0
4.408.0
3,915,1!
24.028.9
8.215.4
1,291,5!
2.616.0
3.040.0
2.856.3
13,303,6
5.748.2
2.760.5
2.849.6
5.673.4
5.388.2
3.754.9
1.763.9
4.559.2
2.264.0
4.357.0
1.831.0
11.097.5
4.704.0
2.510.3
7.901.5
1.483.3

2,260,0
2.451.0
1.864.4
1.397.0
2.049.7
503.0
7.182.5
388.4
6.738.5
762.7
1.228.1
124.5
385.0
125,4
515.2
270.7
100.3
2.076.0
3.170.0
1.032.8
1.575.7
592.6
1.679.2
1 142,7
236.7
1.031.2
4.689.3
542,9
636.4
594.4
592.0
514.0
1.661.0
1,137,7;
. 245,8!
4,253,0!
5 173,7
128.8
4.987.5
458.0
934.0
785,6
2.913.7
1.702.4
95,2
453.0
660.0
576.5
4,848,5'
873.6
246.0
499,3
1.198.2
1,622,0
782.8
233.6
784.2
242.0
773.0
271.0
1.905.3
894,0
125.2
1.111.3
219.6

5.530.0
3.370.0
2,228,2
3.186.0
5.096.1
1.209.0
9.178.9
255,6
6.704.5
944.0
1.178.0
349.5
395.0
159.5
419.1
278.0
496.1
4.961.0
7.699.4
750.6
2.041.9
1.218.1
2.830.1
1.624.6
395,9
1.812.2
4.076.9
283.5
261.5
837.2
1.467.2
611,0
1.036.0
1.433.8
408.6
6.852.0
5 627,4
121,8
3.068.9
6.797.0
1.423.0
600,0
3.421.4
1 611,3
254.8
393.0
280.0
412.8
2.431.7
1.028.3
507.7
482.0
694.1
1.006.4
461.7
251.9
1.125.5
743.0
910.0
228.0
3,097,2
460,0
786.2
929,6
392.8

D eposits
20.150.0
16.422.0
11.742.4
10.916.0
21,862,9
5.305.0
34.433.2
2.392.7
32.274.3
4.686.9
6.501.7

1.686.8

2.370.0
1.087.3
2.731.0
1.977.4
2.332.5
20.985.0
23.140.8
5.734.6
9.450.1
3.285.3
1.5.076.4
6.528.4
3.082.2
6,632,1
24.315.1
2.980.0
2.965.1
2.975.2
5.789.6
3.743.0
9 .187.0
7.109.4
1.870.0
27,387*0
29.869.0
9 0 9 ,7
24.855.8
14.515.0
6.009 0
4.575.0
23.382.9
10.313.1
1.231.2
2.854.0
3.459.0
3.071.3
18.890.9
6.543.3
3.048.5
3.567.1
6,953,8
7.039.2
4.688.5
1.887.1
5.773.7
2.781.0
5.496.0
1.701.0
13.764.4
4 .9 5 1 .0
2.618.2
8 .4 8 8 .7

1. 628.1

" T o t a l ...................... 61,622,7 71,276,8 489,879,9 91,187,8 121,126,5 585,973,9




S E C U R IT IE S .

A sk.

B id.

T e n n e ss e e - 6 s , o ld .......... 1892-1898
6s, n e w b o n d s ..........1892-8-1900
do
n e w s e r i e s . . . ...........1914
C o m p ro m ise , 3-4-5-6S.............1912
3 s ...................................................1 9 1 3
R e d e m p tio n 4 s . . . . . . . . . . . . 1 9 0 7
90
do
4 % 8 .........
191 3 105
P e n ite n tia r y 4 % s.................... 1913 102%
V irg in ia fu n d e d d e b t, 2 - 3 s . . . l 9 9 t
58%
6 s, d e f e r r e d t ’s t re o ’ts . s ta m p e d .
8

58%
8%

New York City, Boston and Philadelphia Banks :
C a p ita l Sci
S u r p lu s . |

Ba n k s.

2 , 000,0

A sk .

M issouri—F u n d ................ 1 894-1895 100
N o rth C a ro lin a —6s, o ld ............J & J
F u n d in g a c t ................................1 9 0 0
N ew b o n d s, J & J ..........1 892 1898
6% 10
C h a th a m R R ............; ...................
185 2 0 0
S p e c ia l t a x , C la ss I .........................
1
5
1
5
C o n so lid a te d 4 s ........................ 1 910
99
110
6 s . . . . . ..........................
. . . . 1 9 1 9 123
110
S o u th C a ro lin a —4% s, 2 0 -4 0 .. 1933 100 Ï02*
97%
94
6 s ,n o n - f u n d ................
. . . .. 1 8 8 8
1%
102% 104

Loam .

| Specie. | L egal*. 1 e p o s its M C ir c ’l'n lO le a rin g s.
D

$
I
$
N . Y o r k .*
A n g . 4 . . . 132.899.5 482,304,5 90,546,,9
“ 11 . .. 132.899.5 484,6 2 2 ,7 91,052,,7
“ 1 8 . . . . 132.899.5 486,298,8 91,028 .4
“ 2 5 . . . . 132,899*5 488,763,7, 90,744 8
S e p t. 1 . . . 132.899.5 489,879,9 91,187, 8
..

S

p

e

$

581 ,5 5 8 ,0
581 0 38,6
584 009,0
535, 785.8
585, 9 7 3 .9

i $ I

$

9,81 2 ,1
9 ,7 8 4 ,9
9 ,7 6 1 ,4
9 ,7 5 6 ,7
9 ,784,8

4 1 2 ,4 5 5 ,3
388,9 8 0 ,8
4 2 2 ,2 7 2 ,4
4 2 3 ,6 9 2 ,8
4 1 8 ,3 7 5 ,0

69.351.8 173,730,0 11,258, 0 9 ,176,0 163, 5 3 3 ,0 '7 ,092,0
69.351.8 174,753,0 11,176, 0 8 ,3 8 4 ,0 163, 8 0 4 .0 7,087,0
t .
! ]
I
69.351.8 2 174,715,0. 11,097, "O' 7,293,0 164, 7 4 5 ,0 .7 ,1 5 1 ,0

71.7 8 8 .7
7 0 .8 7 0 .7
6 4 ,6 3 7 ,4

B oston .*

A u g . 18

1233358
1212093
1230005
1224203
1211265

I

P U i l a .*
A ng. 1 8 ...
38 , 112,0
35.810.3 103,783,0
117, 634.0 5,191,0 5 5 .6 8 9 .9
“ .2 5 . . . 35.810.3 109,392,0
37, 550.0
117, 533.0 5,218,0! 5 3 .0 7 4 .9
S ep t, 1 .. 35.810.3 1 0 9 ,787,0'
37, 373.0
118, 177.0 5 ,2 3 3 ,0 ' 4 0 .6 2 8 .9
* We om it two ciphers in all these figures. + in c lu d in g f o r B o sto n a n d P h ila 
d e lp h ia th e Ite m ‘'d u e to o th e r b a n k s .”

Miscellaneo ns and Unlisted Bonds.—Stock Ex. prices.
M is c e lla n e o u s B o n d s . .
C h, J u n .& S. Y d s .—C o l.t.g ,5 s ^lOS b.
C o lo rad o E n e l—G en . 6s
Col. & H o c k . C o al & I . - 6 s , g.
C o n so l’n C oal—C o n v e rt. 6 s . *101%b.
C o n s.G a s C o..C hic.—l s t g n . 5 *
8 0 b.
D en v . C. W a t.W k s .—G en .g .5 s
B e t. G as co n . 1 s t 5 s . . . .............
E a s t R iv e r G as 1 s t g . 5 s..........
E d iso n EloO. 111. O o .—t s t 5 s . 1 0 7 7sa.
E q u ita b le G . & F .—1 s t 6 s ___
97 a.
H e n d e rs o n B r id g e —1 s t g. 6 s .
H o b o k e n L a n d & I m p .—g. 5s
M ich .-P en ln . C a r 1 s t 5 s, g . . . 100 a.
M u tu a l U n io n T e le g .—63 g . . 110 b.
N o r th w e s te r n T e le g r a p h —7 s. '1 0 8 b.
P e o p le ’s G a s & C . i 1 s t g. 6 s .
Co., C h ic a g o . . . > 2 d g. 68.

M l s c e l la n e o u s B o n d s .
P e o r ia W a te r C o .—6s, g . . . . .
P le a s . V a lle y C o a l- 1 s t g . 6s.
P r o c te r & G a m b le —1 s t g . 6s
S u n d a y C re e k C o al 1 s t g 6s.
U . S. C o rd a g e —1 s t col. g ., 6 s .
U S. L e a th e r —S. f. d e b ., g .,6 s
W e s te r n U n io n T e le g .—. ._
W h e e l.L .E & P .C o a l—1 s t g ,5s
U n lis t e d B o n d s .
A m er. D eo. Co. col. t r . 5 s . . .
C o m sto c k T u n n e l—In o . 4 s . .
Geo. P a c —1 s t 6 s g. o t f s .........
3d m o rt. In c o m e . . . . . . . . . .
C onsol. 5s, g. o tfs . . . .
In c o m e 5s. e t f s . . . . . . . . . . .
M e m .& C h a rle sto n —C on. 7 g.
S o u th . Ry. I s t i - w h e n Is»’d

N o t e .— “ 6 ” in d ic a te s p rio e b id ; “ a ” p r io e asked.

* 98
112
* 97
79
109
*110

%b.
b.
b.
b.
b.
b

4% b.
105% b.
52 %b.
13% b.
88

b.

* L a te s t p rio e t h i s w e e k

Bank Stock List.—Latest prices of bank stocks this week.
B id .
A m e r i c a .......
Am. E x c h ...
B o w e r y .........
B i*> adw ay. . .
B u tc h s ’& D r.
C e n t r a l ____
C h a s e .............
C h a t h a m .....
C h em ica l ...

C ity.........j .
j

C itiz e n s ’........
C o lu m b ia ....
C o m m e rc e ...
C o n ti n e n ta l.
C o rn E x c h ..
D e p o s it......
E a s t R iv e r ..
U t h W a rd ...
F if th A v e ....
F i f t h ...............
F i r s t . . ._____
F i r s t N ., S . I .
1 4 th S t r e e t . .
F o u r th ........

A sk .

200 212
154% 158
230 t
lfiA
12 0
450
370
4200
425
137
200
175
120
282
20
140
200
2000

250
175
400
4800
150
178
286
160

25ÓÒ
112 120
170 190
191 198

BA NK S.

Bid. A sk .

G a lla tin ......... 310

325

115
300
G r e e n w ic h .. 150
310
H u d . R iv e r .. 150
I m . & T r a d ’s ’ 525
135
L e a th e r M fs’ 185
525
M a n h a t ta n .. 185%
M a r k e t & Fnl 210
M e c h a n ic s ’ .. 177
M ’c h s ’ & T r s ’ 150
175
M e r c h a n ts ’. .
...
110
425
M.t. M o r r is .. 150
M u r r a y H ill
5iew Y o r k ... 230

325
55Ó
210
100
225
185
165
200
147

BANKS.

B id . A s k .

N .V .C o ’n ty 520
N .Y . V at. E a 110
118
1 9 th W a rd .. 130
145
O r i e n t a l . . . . 230
170
P a r k ............ . 275
P e o p le ’s . . . .
118
P ro d u c e E x.
S e a b o a rd . . .
S eco n d . . . . .
S e v e n th . . .
S hoe& L e’th

25Ö
300
300
125

170
300
____
107 120

S o u t h e r n . . . Ì6Ò
105
T h i r d ........... 108
T ra d e s m ’n ’s
____ U n ’d S ta te - 1Ì7 5
110
167
W e» t S id e ..
240

465

600
125

179
110 .
112
100
......

Septem

ber

415

THE CHRONICLE*

8, 1894.]

BOSTON, PHILADELPHIA, AND BALTIMORE STOCK EXCHANGES.
Active Stocks.
H In d ic a te s u n lis te d .

M onday,
S e p t. 3.

7k
7%
A tc h . T . & S. F e (B oston). 1 0 0
* lk
A tla n tic & P a c .
*
■
100
B a l tim o r e & O h io (B a li.). 1 0 0 *75
1st p re fe rre d
“
100
2d p re fe rre d
“
100
B a l t i m o r e T r a o ’n (P A iZ .).. 2 5
208
B o s to n & A lb a n y (B o s to n ).1 0 0 2 0 8
........ ;
B o s to n & L o w e ll
“
1 0 0 194
B o s to n & M a in e
“
1 0 0 ' * 1 4 7 k 148
13
13
C e n tr a l o f M a s s.
“
100
4 7 ..........
P re fe rre d
“
100
77*4 7 7 k
C hic. B u r . & Q a in .
“
100
C hic. M il & S t P . ( P h il) . 1 0 0
22
C hic. & W. M ic h . (B o s tm ). 1 0 0
C le v e. & C a n t o n
“
100
P re fe rre d
“
100
F it c h b u r g p r e f .
“
1 0 3 *71
H u n t. & J3r. T o p . (P h ila .). 5 0
P refe rre d
“
50
L e h ig h 'V a l le y
“
50
M a in e C e n t r a l (B oston). 1 0 0 T 1 5
M e tr o p o l ita n T r a c . (P u ll) .1 0 0
8*« 8k
M e x ic a n U e n t’l (B o sto n ). 1 0 0
2 6 7g 2 6 78
N .Y .& N .E .,tr.re c .§ “
100
60
P r e f e n e d . t r re c .§ “
lo O *59
N o r th e r n C e n t r a l ( B a li.) . 5 0
N o r th e r n P a c i f ic (Phila.)XOO
P i efe rre d
“
100
179k 179k
O ld C o lo n y ____(B o sto n ). 1 0 0
P e n n s y l v a n i a . . . (P h ila .) . 5 0
P h ila d e l. & E r i e .
“
50
P h ila . & R e a d in g .
“
50
P h ila d e lp h T ra c .
“
50
S u m m it B r a n c h (B o sto n ). 5 0
13% 14
U n io n P a c i f io ___
“
100
U n ite d C o s o f N .J .r P M i a J l O O
W e s te r n N .Y .& P a .
“
100

T uesday,
S e p t. 4.
7^8
76

7%

8
lk
76

14k
14k 14k
208
208 208
193
*193
148
1 4 7 147
*12
13
50
*48
77%
77k 78k
6 5 k 6 7 k * 6 6 7g
22
*18
75
*33
50k
39k

2
75

*

72

50k
39k

50k
39k

1 1 7 k 118
8k
8k
27
27k
* 5 9 k 60
5k
21% 2 2 k
180 180
52
52

117
8k
*27k
*58
69 k
5%
21%
180
52

1 0 7g I l k
99
99

10%
98 7s

14k

24.

1 4 k "1 3 k
233 *233

Prices of September 7.
A tla n ta & C h a r lo tte (Balt. .1 0 0
B o sto n & P ro v id e d c e LBostor. .1 0 0
50
50
C a ta w is s a —
50
1st p re fe rre d .
50
2d p r e f e r r e d ..
. 50
100
C hari. Col. & A u g u s ta
.1 0 0
C o n n e c tic u t & P a s s ..(.
100
C o n n e c tic u t R iv e r
00
.1 0 0
100
P r e fe rre d . . . . . . .
.
H a r .P o r ts M t. J o y & L (P h ila .). 5 0
100
K a n . C’y F t.S . & M em . (Be
100
P r e f e r r e d ...................
. 50
L ittle S c h u y lk ill......... (Pi
. 50
M a ry la n d c e n t r a l —
(J
M ine H ill & S. H a v e n (P h ila .).. 50
50
N e sq u e h o n in g Y a l—
100
N o rth e rn N. H . . . ........ (Bo
. 50
.1 0 0
. 50
.1 0 0
100
P r e f e r r e d ............. ..
100
S e a b o a rd & R o an o k e .
100
1 s t p re fe rr e d .
.(Boston).. 50
W est E n d ............
50
P re fe rre d .....
(P hila.).. 50
W est J e r s e y .
50
W est J e r s e y & A tla n .
W e s te rn M a r y la n d ... (B alt.) . 50
100
W ilm . C ol & A u g u s ta
“
100
W ilm in g t’n A W erdon
“
W isco n sin C e n t r a l .. . (Boston,) .1 0 0
100
P r e f e r r e d ...................
“
100
W orc’st.N a sh .& R o c h
“

B id .

A sk .

90
257 k 260
34
5
__ 5 2 k
4 9 78 5 0
49
47
29
28
128
2 2 7 k 230
12
42
84
17k
60
65

15
45

......
20
75

...... ......
68
54k
85
7

__

2
70

7%
40
4
73

56
79

56k
79k

_.

20
92k
4k

4%
25
120
116k

7%

7k
*1
*76
*124
*112
15k
208
* i9 7
150
13k
50
76
65%
*17
*
2
73k
32k

L ow est

14,105

2k

2k

*2k

2k

I

Inactive stocks.
Bonds—Boston.

B id .

105 k 106 %
102 103
111

126
108
116%

102
110

102k

107 k
104
108 110
109 ! .
1 3 0 k ..........
121 % ........
1 0 6 k 1.........
1 2 3 I..........
1 3 1 k ..........
..........120 k
112 % ' ...........
126

4 0 ,9 6
1,093
72
377
1 ,2 9 0
3
10
158
195
410
9
215
61
59
315
525

H ig h e s t.
23
9
4
17
31
21
2
10
15
24
3
7
3
7
6
24
1
25
7
21
16
6
2
19
20
17
23
25
2
5
20
21
2
24
30
21
17

1 6 k M ar. 2 9
1 k M ar. 14
81 A p r. 9
129 A pr. 1 9
1 1 9 M ay 1 2
17 k A pr. 9
2 1 2 A p r. 3 0
197 S e p t. 7
151 S e p t. 6
1 4 k M ar. 10
55 S e p t. 9
8 4 k M ar. 21
67 k S e p t. 6
2 5 k M ar. 13
50 J a n . 3
2 k J a n . 16
81 F e b . 7
35 J a n . 10
5 2 J u l y 11
4 2 k M ar. 13
115 A u g . 2 4
1 2 2 A p r. 12
9 k A p r. 3
2 7 k A ug. 23
6 0 k A ug. 2 7
6 9 k A ug. 2 2
6 k M ar. 21
2338 M ar. 31
1 8 0 k A ug. 3 0
5 2 k A p r. 7
28 k Feb. 1
I l k M ar. 1 2
1 1 5 k A p r. 11
7% M ar. 5
2 2 k M ar. 31
2 3 4 J u n e 19
2% Aug. 1 3

75% J a n . 24 1 1 4 78 A ug. 2 1
79 J a n . 3 100 A ug. 2
163 F e b . 26 2 0 4 J u n e 2 ¿
22 J u l y 21 29 A p r. »
7 7s J u ly 23 I l k A p r. ®
2 6 5 J u n e 22 302 J a n . l 9
6 6 J a n . 18 ¿6% A u g . 28
53% J a n . 3 67 k A ug. 2 j
493s S e p t. 1
42 Feb.
4 5 k M a r. 5
3038 J a n ,
7 5 M ar. 8
56 Ja n .
2 6 A p r. 8
1 2 k Jan.
5 0 M ay 23 5 5 M a r. 1 7
4 9 F e b . 28 68 A ug. 11
5 k M ar. 1 4
2% J u n e 27
H k J u l y 3 12 k M ar. 2 9
* O ld c e r ts . 0
t E x r ig h t s .

Bonds.

A sk .

72 k 72 k
A t.T o p .& S .F .1 0 0 -y r.4 g .,1 9 8 9 , J & J
25
25k
2 d 2 k - 4 s , g., C lass A . . 1 9 8 9 , A&O
81
81k
B o s to n U n ite d G a s 1 s t 5 s .................
56
56k
2 d m o rt. 5 s ...... ..........................1 939
B u rl. & Mo. R iv e r E x e n p t 6 s, J & J 115 116
N o n - e x e m p t6 s .... .. .1 9 1 8 , J & J 106 1 0 6 k
91
80
P la in 4 s .............................1910, J & J
C hic. B u rl. & N o r. 1 s t 5 ,1 9 2 6 , A&O 102 k 103
100
99
2 d m o rt. 6 s . . . . . . . . . .. 1 9 1 8 , J& D
9 9 100
D e b e n tu r e 6 s . . . . . -----1 8 9 6 , J& D
93
92
C hic. B u rl.& Q u in c y 4 s . .1 9 2 2 , F& A
96
95
Io w a D iv is io n 4 s ........ 1 9 1 9 , A&O
65
70
C hic.& W .M ich. g e n . 5 s, 1 9 2 1 , J& D
88
86
C o n so l, o f V e rm o n t, 5 8 .1 9 1 3 , J & J
70
65
C u r r e n t R iv e r, 1 s t, 5 s ..1 9 2 7 , A&O
75
D e t. L a n s .& N o r’n M. 7 s . 1 907, J & J
E a s te r n 1 s t m o r t 6 g .l9 0 6 ,M & 8 .. 122 123
E re e ,E lk . &M . V .,ls t, 6S.1933, A&O 124 126
U n s ta m p e d 1 s t, 6 s . . . . 1 9 3 3 , A&O 123 125
70
65
K .C . C .& S p rin g .,1 s t,5 g .,1 9 2 5 ,A&O
92
90
K C. F .S .& M . c o n . 6 s, 1 9 2 8 , M&N
45
35
K .C . M em . & B ir .,1 s t,5 s,1 9 2 7 , M&S
K.
C. S t. J o . & C. B ., 7 s . . 1 9 0123 & J1 2 4
7, J
90
75
L . R o c k & F t. S .,1 s t , 7 s . .1 9 0 5 , J & J
L o u is. ,E v . & S t.L ., 1 s t, 6 g .1 926, A&O 102 103
91
90
2 m ., 5—6 g ................ 1 9 3 6 , A&O
M ar. H . & O n t., 6 s ........ 1 9 2 5 , A&O 101 103
5 8 k 58%
M e x ic a n C e n tra l, 4 g . . .1 9 1 1 , J & J
14%
14
1 s t o o n so l.in c o m e s, 2 g, non-cum .
8
7
2 d c o n so l, in c o m e s. 3 s, no n -o u m .
*114 1 1 4 k
N. Y . & N .E n g ,, 1 s t, 7 8 ,1 9 0 5 , J& J*
1 s t m o rt. 6 s . . . . . . . . . . . 1 9 0 5 , J & J 108 109 I
2 d m o rt. 6 s . . . . . . . . . . . 1 9 0 2 , F& A 100 102% '
O g d en . & L .C .,C o n .6 s ...1 9 2 0 ,A&O 101 102
20
In c . 6 s ...........................................1920
R u tla n d , 1 s t , 6 s . . . . . . .- 1 9 0 2 ,M&N )110
Ì1Q0
2 d , 5 s . . . . ...................... 1 8 9 8 ,F& A

Bonds.—Philadelphia

8

102% 1 0 5 k 104% 1 0 5 k
9 8 k 98 k
98
98
2 0 1 k 2 u 2 k 2 0 2 202
26% 27
* 2 6 k 27
9% 1 0 k
10% 1 0 k
*290 2 9 5 *290 295
* ........... 85% *85
86
6 7 k 67 k * 6 7 k 67 k
*49
4 8 k 48 k
40% 40% * 4 0 k 40%
*
75
*72
75
24
24
23k 23k
52
5 lk 5 lk
*51
67
67
‘66k 68k

A lle g h e n y V a l.,7 3-1 0 s, 1 896, J & J
A tla n tic C ity 1 s t 5s, g ., 1 9 1 9 , M&N
•50
.
A llo u ez M in ’g, a ss t p d (B oston). 25 •35
10
1 0 k B e lv id e re D e l., 1 s t, 6 s . .1 9 0 2 , J& D
25
A tla n tic M in in g ..........
59% C a ta w is s a , M .,7 s -----..1 9 0 0 , F& A
. 25
59k
C ity P a s s e n g e r R R ...
8% C le arfie ld & Je ff., 1 s t, 6 S .1 9 2 7 , J & J
.5 0
8k
B a y S ta te G a s T)........ (
10
4 k C o n n e c tin g , 6 s . . .. .. 1 9 0 0 - 0 4 , M&S
3 78
B o sto n L a n d ...............
D e l. & B"d B r ’k , 1 s t, 7 s . 1 9 0 5 ,F& A
10
C en te n n ia l M in in g ...
E a s to n & A m . ls tM .,5 s .l9 2 0 ,M & N
. 50
95k
E le c tric T r a c tio n ___
E lm ir. & W i l m . ,l s t , 6 s . l 9 1 0 , J & J .
78
Do
tr.rc is .. . . . . .
H u n t. & B r’d T o p ,C o n .5 s .’9 5 ,A & 0
3
2%
:
F o r t W ay n e E le c t.H ..(B oston). 25
L e h ig h N a v . 4 k s ............1914, Q—J
25
9 k 10
F r a n k lin M in in g ........
2 d 6 s , g o l d . . . . . . . . . . . . 1 8 9 7 , J& D
5
V
lk
F r e n c h m ’n ’s B ay L ’d .
G e n e r a l m o r t. 4 k s , g .l9 2 4 ,Q —F
50
100
51k
Illin o is s t e e l . . ..............
L e h ig h V a l. C oal 1 st 5 s ,g .1 9 3 3 ,J & J
7
25
6
K e a r s a rg e M in in g ....
L e h ig h V a lle y , 1 s t 6 s .. .1 8 9 8 , J & D
80
.1 0 0 ___ _
M o rtis C a n a t g u a r. 4 .
2 d 7 s ................................. 1 9 1 0 , M&S
m
100 a r_
P r e f e r r e d g u a r. 1 0 .
C o n so l. 6 ............ . . . . . . . 1 9 2 3 , J& D
. 25
23k 23k
O sceo la M in in g ........... (
N o rth P e n n . 1 s t, 7 s . ... 1 8 9 6 , M&N
1 0 0 158 1 6 0
P u llm a n P a la c e C a r.
G e n . M. 7 s ........ ......... . .. 1 9 0 3 , J & J
90
25
88
Q u in cy M in in g ...___
P e n n s y lv a n ia g e n . 6 s , r - 1 9 1 0 , V a r
25 160 1 6 2
T a m a ra c k M in in g ___
C o n so l. 6 s, c
........1 9 0 5 , V ar
66
66k
U n ite d G a s i m p t........ (P hila.).
C o n so l. 5 s , r . . . . . . . . . . . . 1 9 1 9 , V a r
1
lk '
.1 0 0
W a te r P o w e r .......... ....
36 1 C o lla t. T r. 4 k g ............1 9 1 3 , J& D
35
50
W estin g h . E le c . & M ,.
50
5 3 k 5 k ' Pa. & N . Y . C a n a l . '7« . 1 9 0 « . T * n
P rel'., c u m u la tiv e .
P r ic a in c lu d e s o v e rd u e c o u p o n s.
tf U n lis te d .
t A u l a « r u e d in te r e s t.
t




R a n g e o f s a le s in 1 8 9 4 .

3 k J u ly
7k
8k
•50 A ug.
1*2
’"ÏÔ 6 7 k J a n .
78
*76
125 J a n .
126
108 J a n .
6 ,8 3 7 1 3 k A u g .
15%
15
15k
15k
103 198 J u l y
208
208 203
208
16 1 8 2 78 J a n ,
197
196 *196
559. 126 J a n .
150k
148
1 4 7 k 151
2 4 5 ' 10 k J u ly
13
13%
13 k
13
141 4 6 J a n .
50
55
49
1 3 ,1 4 7 7 0 k A ug.
77
78%
76k 78k
6 6 k 17,875 5438 J a n .
6 8 k 67 k
67k
10 J u n e
20
20
•45 J u n e
•50
2 Feb.
700
2
2
2
2
2 4 4 66% J u n e
72% 73 k
73 k
72k
42 29% A p r.
33
24 4 7 M ay
58
5 0 k *50 ..........
810 3 6 M ay
38 7s 3 9 k
39k 39k
39k
101 J a n .
*115
*115
1 ,244 x 9 6 k J a n .
117% 1 1 7 k 1 1 7 k 117% 119
2 ,425
5 k Jan .
8%
8k
8k
*8k
8 78
8 2 0 | 3 k M ay
27
27
26% 26%
27 k
150 124 k M ar.
60
59
58
58
61
50 66 J u ly
69k
69 k *69
69k *
5,011
3 k June
5k
5k
6
5k
5k
3 ,882 12% J u n e
22
21
2 0 k 2 0 78
22k
182
33 1 7 0 k J a n .
180
1 8 0 k 1 8 0 k *180
2 ,6 1 5 48 J a n .
5 l k 5 1 78
5 1 78 52
52k
100 2 1 7a J a n .
94.
7 k M ay
111,«
lO k lO 'S i« 1 0 k l0 i% f i 2 1 ,7 5 0
3 ,5 5 0 t 8 3 k J u l y
98% 99
98
99
98 k
4 k M ay
6
422
6 7s J u l y
13k 13k
13% *13
35 2 2 7 k M ar.
‘233
78 J u l y

Miscellaneous Stocks.

Inactive Stocks.

F r id a y .
S e p t. 7.

T h u rsd a y ,
S e p t. 6.

W ednesday,
S ept. 5

103k 105k 1 0 4 k 1 0 6 k
A m .8 u g ’r R efiu .H ( B o s to n ) ___ 1 0 3 k 1 0 4 k
97k 98k
9 6 k 97
06% 96%
P r e f e r r e d ...........
“
—
201 2 0 l k 201 201
B e ll T e l e p h o n e ..
“
1 0 0 200k 201
27
27
27
27
26% 2 7
B o s t & M o n ta n a .
“
25
10k 10k
10
10
10k 10k
B u t t e & B o s to n ,.
“
25
2 9 0 292
"290 295
C a lu m e t & H e c l a
“
2 5 '2 9 0 2 9 5
86 k
8 6 k 86 k *86
C a n to n C o ............ ( B a l t ) . 1 0 0
67 k 67 k
67k 67k
67k
C o n s o lid a te d G a s
“
1 0 0 *67
48% 49 k
48%
*48
4 S k 4838
E r i e T e l e p h o n e . (B o sto n ). 1 0 0
*41
41k
41
41
39% 39%
G e n e ra l E le c tric
“
100
75
72
*72
72
P r e f e r r e d ...........
“
100
*24
24k
2 3 k 24
24
24
L a m s o n S to re S e r.
“
50
52
52
* 5 l k 52
L e h i’h C o al & N;av. ( P h ila .) 5 0
67
67
* 6 6 k 70
N . E , T e le p h o n e (B o sto n ) 1 0 0
66k 66k
5
5
N o r th a m e i i c a n (P h il.) .1 0 0
2k
2k
2 k ! *2k
W e s t E n d L a n d . . (B o sto n ) . . .
*2k
2k
B id a n d a s h e d p ric e s n o s a le w a sjm a d e .
§ 3 d i n s t a l m e n t p a id .

M IS C E L L A N E O U S .

S a le s
o f th e
W eek ,

1Share Prices —not Per Centum Prices.
S a tu r d a y ,
S e p t. I .

P a . & N . Y . C a., c o n . 5s.19.39, A&O
P e rk io m e n , 1 s t s e r ., 5 s . l 9 1 8 , Q—J
P h ila .& E r ie g e n . M. 5 g .,1 9 2 0 , A&O
G en. m o r t ., 4 g . . . . . . . l 9 2 0 , A&O
P h ila & R e a d , n e w 4 g „ 1 9 5 8 , J & J
1 s t p re f. in c o m e , 5 g , 1 9 5 8 , F e b 1
2 d p re f. in c o m e , 5 g , 1 9 5 8 , F e b . 1
3 d p re f. in o o m e , 5 g , 1 9 5 8 , F e b . 1
2 d , 7 s ..................... ......... 1 9 3 3 , A&O
C onsol, m o r t. 7 s .........1 9 1 1 , J& D
C onsol, m o rt. 6 g . ......1 9 1 1 , J& D
I m p r o v e m e n t M. 6 g ., 1 8 9 7 , A&O
C o n .M .,5 g .,s ta m p e d ,1 9 2 2 ,M&N
T e rm in a l 5s, g . . . . . . l 9 4 1 , Q.—F.
P h il. R e a d . & N . E . 4 s .............. 1 942
In c o m e s , s e rie s a ......... ...........1 952
In c o m e s , s e r ie s B .................. .1 9 5 2
P h il. W ilm . & B a lt., 4 s . 1 917, A&O
P it ts . C. & S t. L „ 7 s . . ..1 9 0 0 , F&A
8c h u y l.R .E .S id e ,ls t 5 g .1 9 3 5 . J& D
8 te u b e n .& I n d .,l s tm .,o s .l 9 l4 , J & J
U n ite d N . J . , 6 g ..............1 8 9 4 , A&O
W a r re n & F r a n k .,1 s t,7 s ,1 8 9 6 ,F& A
B o n d s . —B a l t i m o r e .
„
A tla n ta & C h a ri., 1 s t 7 s, 1 9 0 7 , J & J
In c o m e 6 s . . . . . . . . . . . . 1 9 0 0 , A&O
B a ltim o re B e lt, 1 s t, 5 s . 1 9 9 0 , M&N
B a ltim o re & O hio 4 g ., 1 9 3 5 , A&O
P i t t s . & C o n n ., 5 g . . . l 9 2 5 , F& A
S ta te n Is la n d , 2 d , 5 g .1 9 2 6 , J & J
B al.& O hio 8. W .,ls t ,4 k g .l9 9 0 , J & J
C a p e F .& Y a d .,S e r.A .,6 g .l9 16, J & D
S e rie s B ., 6 g . . . . . . . . . . 1 9 1 6 , J& D
S e rie s C., 6 g . . . . . . . . . . 1 9 1 6 , J& D
C en t. O hio, 4 k g . . . . . . . . 1 9 3 0 , M&S
C h a ri. C ol.& A ug. 1 s t 7 s . 1 8 9 5 , J & J
G a . C ar. & N o r. 1 s t 5 g . . l 9 2 9 , J & J
N o rth . C e n t. 6 s . . . . . . . . ..1 9 0 0 , J & J
6s . . . .............. . . . . . . . . . . . 1 9 0 4 , J & J
S e rie s A , 5 s . . . . . . . ... .1 9 2 6 , J & J
413s ....................
1 9 2 5 , A&O
P ie d m .& C u m .,1 s t, 5 g .1 9 1 1 , F& A
P it ts . & C o n n ells. 1 s t 7 s . 1 8 9 8 , J & J
V irg in ia M id., 1 s t 6 s . ..1 9 0 6 , M&S
2 d S e rie s, 6s . . . . . .......... 1 9 1 1 M&S
3 d S e rie s, 6s ................1 9 1 6 , M&S
4 t h S e rie s, 3 - 4 - 5 s .... .1 9 2 1 , M&S
5 th S e rie s, 5 s . . . . . . . . . 1 9 2 6 , M&S
W e s tV a C. & ? . 1 s t, 6 g .1 9 1 1 , J & J
W e st’n N .C . C onsol. 6 g .1 9 1 4 , J & J
W ilm . C o l- & A u g ., 6 s . .1 9 1 0 , J& D

B id . A sk .

110 111 *

...... 104
116k 118k
1 0 1 k '. . . . . .
79 I 7 9 k
35k 35k
2 4 k | 25
1 9 7s 2 0 k
118 1120
1 2 6 k 129
119 120k
106 k

100

102

105
"48’
1 0 1 k ..........
1 1 4 I. . . . . .
109 k ..........
1 0 7 k ..........

118
105
105
103
107
75
75
75
102
85

118 k
106

112
100
80
80
80
102k
113%
118 k

"95“
109 k
114
114
108

"98"
114k
115
110

ÏQ O k io 'i"*
104% 105 k 'T
1 0 9 k ll0
^
114

M ISCELLANEOUS.

B a ltim o re —C ity H a ll 6 s .1 9 0 0 , Q—J
F u n d in g g s . . . ...............1 9 0 0 , Q—J
W e s t M ary l’d i>R- 6s . .1 9 0 2 , J & J
W a te r 5 s . ........ ..........................1 9 1 6 , MÌ 2 Ì " ‘
&N
F u n d in g 5 s . . . . • > . . . . . 1 9 1 6 , M AN 1 2 1
E x c h a n g e 3 k s .......... ..1 9 3 0 , J & J
71k
V irg in ia (S ta te ) 3 s , n e w .1 9 3 2 , J & J
C h e s a p e a k e G a s , 6s . . . . .1 9 0 0 , J& D 107 k
C onsol. G a s, 6 s . . . . . . . . . . 1 9 1 0 , J& D 1 1 6
5s .......................... .............1 9 3 9 , J & J 1 0 4 k
113k
E q u ita b le
a°
1 0 ,0 *

L a s t p r ic e th i s w e e k .

x e x -rig h ts.

122
122
103
72k
116k
105
113k

416

THE CHRONICLE,

[Y o l ,

LIX.

NEW YORK STOCK EXCHANGE PRICES (Continued)—
ACT/FAf BONDS SEPT. 7 A N D FOB Y E A R 1894 .
R a il r o a d

and

Closing Range (sales) in 1 8 9 4 .
R a il r o a d
M is c e l . B onds In ter't P rice
Period Sept. 7
Lowest.
Highest.

Closing
M is c e l . B o n d s , In ter’t P rice Range (sales) i n 1 8 9 4 .
Period Sept. 7
Lowest.
Highest.
Mo. P a c . (C on.)—3d, 7 s . -.1 9 0 6 M & N 1 0 7 b. 103 J a n .
112 A p r.
P a c . o f M o.—1 st, e x ., 4 g .1938
and

A rn er. C o tto n O il, d e b ., 8 g .l9 0 0 Q - F
1 1 4 b. 111 F eb . 115 J u l y
72%
A t. T op. & S .F .—1 00 -y r. ,4 g .l9 8 i> J & J
67 J a n .
77% J u n e
98 %b.
F & A
2 d 3-4s, g ., Cl. “ A ” ............ 198 9 A & O 25 *8
2 d e x te n d e d 5 s ............,1 9 3 8 J & J 106% b. 9 5 J a n . 10038 M ay
20 J u ly
38% M ar.
99
C ò l.M id la n d —C o n s., 4 g .1 9 4 0 F & A
St.L . & I r . M t. 1 s t e x t., 5 s . 1897 F & A ■101%b. 100% J a n . 106% A p r.
2514 18% J u ly 32% M ar.
F eb.
4 6 b. 41 % J u n e 53% A pr.
A tl. & P a e .—G u a r., 4 g ___1 9 3 7
2 d , 7 g .............................. 1897 M & N 1 0 6 b. 102 J a n . 1033s M ay
4
W. D . in c o m e , 6 s ................1 9 1 0 J & J
C airo A rk . <fcTexas,7 g .1 8 9 7 J & D t100% b. 9 7 M ar. 109 A p r.
2% J u ly
6% M ar.
1033s M ay
G e n .R ’y & la n d g r .,5 g .l9 3 1 A & O 7 9 b, 71
B ro o k ly n E le v .—1 s t, 6 g . .l 9 2 4 A & O 98
9 0 J u ly 1 0 7 J a n .
81
A
91 lab. 8 2 J u n e 99% A p r. M obile & O hio—N ew , 6 g . .1 9 2 7 J & D 113% b. 111% J a n .. 117% M pr.
U n io n E le v a te d .—6 g ___1 9 3 7 M & N
Jan
ay
■Canada S o u th e rn .—1 s t 5 s 190 8 J & J 109%
G e n e ra l m o rtg a g e , 4 s ___1938 M & S 64% b.
105% J a n . 111% J u n e
66% A ug,
103 %b. 102 J a n . 106 J u l y N ash . Ch. & St. L .—I s t , 7 s . l 9 1 3 J & J 128 b. 57% J a n .
2 d , 5 s .......................................1913 M & S
125% J a n . 130 M ay
* 4 9 b. 3 2 J a n .
C onsol., 5 g .........................1928 A & O 101% b. 98 J a n .
C e n t.G a .-S .& W .ls tc o n .5 s .l9 2 9
5 2 A ug.
102 J a n .
C e n t r a l o f N. J ; —C ons., 7s. 1899 Q - J *123 b. 112% J a n . 115% J u n e N a t’l S t a r c h M f g —1 st, 6 s . 1 920 M & N
9 6 b. 88
95 A ug.
C o n so l., 7 s ............................ 190 2 M & N 123 lab. 121 F eb. 124 A p r. N .Y . C e n tra l—D eb. e x t. 4 s . 1905 M & N 103 %b. 101% J a n .
J a n . 104% A p r.
1 st, c o u p o n , 7 s ................... 1903 J & J 126% b. 123 J a n .
G e n e r a l m o rtg a g e , 5 g . . .1 9 8 7 J & J 116 b. 110% J a n . 117% A ug.
128% J u n e
1 0 7 b. 105 J a n . 111 M ay
D e b e n ., 5s, co u p ., 1 8 8 4 .. 1 904 M & S 107%
L e h .& W .B .,co n .,7 s, a s ’d .1 9 0 0 Q - M
S ept.
N . Y. & H a rle m , 7s, r e g .1 9 0 0 M & N 1 1 9 b. 106% J a n . 110 F eb .
“
m o rtg a g e 5 s .1 9 1 2 M & N *101 a. 1 0 0 F eb . 103% M ar.
A m . D o c k & Im p ., o s ___192 1 J & J 113% 108% J a n . 113% S e p t.
R . W. <fe O gd., c o n so l., 58.1922 A & O 116% 116% J a n , 120% A p r.
113%
117 M ay
C e n tr a l P a c ific .—G old, 6 s . 189 8 J & J *103% b. 102 J u ly 107% A p r.
W e s t S hore, g u a r., 4 s ___2361 J & J 104%
Jan.
ne
d i e s . & O hio.—S er. A , 6 g.1 9 0 8 A & O 1 2 0 a. 114% F e b . 120% A ug. N. Y. C hic. & St. L .—4 g . ..1 9 3 7 A & O 101% 100% J a n . 105% J uug.
97%
101% A
M o rtg a g e , 6 g ....................1911 A & O 118 78b. 115% J a n . 119% S e p t. N. Y. E le v a te d —7 s ............. 1906 J & J 110% 108% J u l y
1 s t c o n so l., 5 g ................. 1 9 3 9 M & N *107% b. 101% J a n . 108% S ept. N. Y . L ack. <fe W.—1 st, 6 s . 1921 J & J 133 b. 127% J a n . 113 J u n e
134 J u n e
G e n e r a l 4% s, g ....................1 9 9 2 M & S 7 6 ia
C o n stru c tio n , 5 s ................ 1923 F
70% J u n e 78% AUg.
F
M ay
9114 8 4 J a n . 923s M ay N .Y .L .E .& W .—1 s t,con.,7g. 1920 M & A 132% 1 1 0 J aeb. 113% A p r.
R . & A . D i v . ,l s t c o n ., 4 g .l 9 8 9 J & J
& S
131%
n . 137
8 4 b. 78% J a n .
-“
2 d c o n .,4 g ,1 9 8 9 J & J
2 d c o n so l., 6 g ....................1969 J & D
88 M ar.
77% a. 170 M ay
86 M ar.
E liz. L e x . & B ig S a n .--5 g .1 9 0 2 M & S 99iab. 9 8 J a n . 101 A ug.
L o n g D ock, c o n so l., 6 s ,g .l9 3 5 A & O
C h ic. B u rl. & Q.—C on., 7 s . 190 3 I & J 1213s 119 J a n . 123% J u n e N. Y. O nt. & W .—R ef. 4 s , g . 1992 M & S 8 6 % 125 Aap r. 129 M ay
82% J n .
88% A
oq
D e b e n tu re , 5 s ................. ..1 9 1 3 M & N
C onsol., 1 s t, 5s, g ..............1939 J & D *110 b. 107 J a n . 110% Mug.
9 7 F e b . 102 A p r.
ay
C o n v e rtib le 5 s ....................1903 M & S 101iab. 101% J a n . 105 A p r. N. Y. Sus. & W .—1 s tr e f ., 5 s g. 19 37 J & J 104% b. 103 J u ly
9 2 b. 90% F eb.
D e n v e r D iv is io n 4 s ..........192 2 F & A
M id la n d o f N. J ., 6s, g . . . 1 910 A & O 118 b. 115% A p r. 107 % A p r..
94% A p r.
118 A u g
88%
N e b ra s k a E x te n s io n , 4 s . 192 7 M & N
85% J a n .
92% A p r. N orf.& W.—1 0 0 -y e a r, 5s, g .1 9 9 0 J & J
70% b. 74% A pr.
74% A p r.
H a n .& St. J o s .-C o n s ., 6 s. 1911 M & 8 116% b. 115% J a n . 120% A ug.
M d.& W ash.D iv.—1 st,5 g.1941 J & J
7 3 b. 78% A p r.
81 A p r.
C hic. & E . 111.—1 s t, s. f . ,6 s . 1 9 0 7 J & D ,1 1 4 % b . 111% J a n . 118 M ay No. P a c ific —1 st, co u p ., 6 g.1921 J & J 112
105% J a n . 114% M ar.
C o n so l., 6 g ..........................1 934 A & O' 123 iab. 118% J a n . 123 J u n e
G e n e ra l, 2 d , c o u p ., 6 g . 1933 A & O 87%
7138 J u ly
89% S e p t.
G e n e r a l c o n so l., 1 st, 5 s ..1 9 3 7 M & N 10038
G e n e ra l, 3 d , c o u p ., 6 g .-1 9 3 7 J & D
9 7 M ay 101% A p r.
6L% b. 46% J u ly
64% A p r.
C h ic ag o & E r ie .—1 s t., 5 g .1 9 8 2 M & N
9 6 a. 91% J u n e 100% A p r.
C onsol, m o rtg a g e , 5 g . . . l 9 8 9 J & D
31%
22% A ug. 34% M ar.
In c o m e , 5 s ...........................1982 O ct. * 31 a. 27% J u ly
Col. t r u s t g o ld n o te s, 6 s . 1898 M & N
35% A p r.
79%
7 5 Au
80 S
86% b. 82 A p r.
C hic. G a s L. & C .—1 s t, 5 g . . 193 7
&
C hic. & N. P a c ., 1 s t, 5 g .1 9 4 0 A & O 45% t4 0 J u n e 48% Ae p t.
89% J u n e
pr.
C h ic. M il. & St. P .—C on. 7 8 .1 9 0 5
S e a t. L. S. & E ., 1 s t, g u .6 .1 9 3 1 F & A
& 12 7 iab . 1 2 6 F e b . 130% A p r.
49
t4 0 Jan .
55 A p r.
113 b. 112 J a n . 116% M ay No. P a c ific & M o n t.—6 g . .l 9 3 8 M & S 36
1 s t, S o u th w e s t D iv ., 6 s . .1 9 0 9 J &
25 J u l y
3938 S e p t.
1 1 4 b. 111% J a n . 117% J u n e No. P a c ific T e r. Co.—6 g . .. 1938 J & J 1 0 0 b. 93 J u l y
1 s t, So. M in n . D iv ., 6 s . ..1 9 1 0 J &
M
1 s t, C h .& P a c .W .D iv .,5 s .l9 2 1 J &
1093a 107 J a n . 111% J u n e O hio & M iss.—Con. s. f., 7S.1898 J & J 109 b. 106 J a n . 101% J u aye
n
'1 0 5 b. 101% J a n . 103% J u n e
C hic. & Mo. R iv . D iv ., 5 s . 1 9 2 6 J &
C onsol., 7 s ........................... 1898 J & J *108%b. 106 J a n . 112
111% J u n e
W ise. & M in n ., D iv., 5 g .1 9 2 1 J & J *107 b. 101 J a n . 109 M ay O hio S o u th e rn —1 s t, 6 g . . . 1921 J & D
93
88 Aug. 9 7 M ar.
T e rm in a l, 5 g .................. ..1 9 1 4 J & J 1 0 9 b. 105 J u l y 109% J u n e
G e n e r a l m o rtg a g e , 4 g . .. 1921 M & N * 4 6 a. 35 J u ly
48% J a n .
90%
G en . M ., 4 g., s e rie s A . , . 1 989 J
J
89% A ug. 92% J u n e O m a h a & St. L o u is —4 g . . .1 9 3 7
& J * t4 0 b. 4 2 F eb.
5 0 A p r.
M il. & N o r.—ls t,c o n .,6 s ,1 9 1 3 J & D 118%
112% J a n . 118% S ept. O re g o n Im p r . C o.—1 s t, 6 g. 1910
& D 106%
92% J a n . 106% S e p t.
1 4 0 b. 138 J a n . 141 M ar.
C h ic. & N . W .—C onsol., 7s. 1 915 Q - F
C onsol., 5 g ...........................1939
& O 61% 4 6 J a n . 61% S e p t.
C o u p o n , gold, 7 s ................ 1902 J & D 121 iab. 121 J u ly 127 M ay O re. R .& N av .C o .—1 st, 6 g .1909
& J 1 0 7 b. 101 J u n e 108% M ar.
S in k in g fu n d , 6 s ................ 1929 A & O 1 2 0 a. 116 J a n . 121 A p r.
C o n so l., 5 g .......................... 1925
& D t 7 4 b. 60 J a n .
7 4 A p r.
S in k in g fu n d , 5 s ................ 1929 A & O l l l i a b . 107% M ay 112 M ar. P e n n . C o.—4% g., c o u p o n .1921
& J 1 1 0 b 106 J a n . 113% M ay
S in k in g fu n d , d e b e n ., 5 s . 1933 M & N I l l b. 106% J a n . 112% A p r. P eo. D ec. & E v a n s v . - 6 g .1 9 2 0
& J
93 b 74 J a n .
95 A ug.
2 5 -y e a r d e b e n tu re , 5 s . . . 1909 M & N ‘105 iab. 104 J a n . 109 A p r.
E v a n s v . D iv isio n , 6 g . . . 1920 M & S 9 0 %b 7 4 M ar.
9 4 A ug.
99 b. 9 7 J a n . 1 0 0 A p r.
E x te n s io n , 4 s .....................1 9 2 6 F & A
2 d m o rtg a g e , 5 g . . .............1926 M & N * 2 7 b 19 J a n .
28% A p r.
C h ic .R .I.& P a c .—6 s., c o u p .1 917 J & J 127%
123 J a n . 129 A p r. P h ila. & R e a d .—G en., 4 g .1 9 5 8 J & J
79%
67% J a n .
8 0 A ug.
E x te n s io n a n d co l., 5 s ... 1 9 3 4 J & J 101%
1 s t p re f. in c o m e , 5 g ........1958
97% J a n . 104 A p r.
35%
2 7 J u n e 39% M ar.
8813b. 89 S ept. 95 F eb.
3 0 -y e a r d e b e n tu re , 5 s . ..1 9 2 1 M &
2d p re f. in c o m e , 5 g ........1958
2434 18% M ay 27% M ar.
C hic. S t. P . M. & O.—6 s .;.. 193 0 J & D 125
3 d p re f. in c o m e , 5 g ........1958
119% J a n . 127% M ay
20%
13% M ay
21% M ar.
75 a. 7 0 M ar. 8 4 J a n . P itts b u r g & W e s te rn —4 g .1 9 1 7 J &
C le v e la n d & C a n to n .—5 s . . 1917 J & J
8 4 a. 80% M ar. 88 A p r.
C. C. C. & I .—C o n so l., 7 g .1 9 1 4 J & D 128 b.
R ich . & D a n v .—C on., 6 g . . 1915 J &
115%b. 106% J a n . 118 3 J u n e
4
G e n e r a l c o n so l., 6 g .........193 4 J & J 118 b. 117 J a n . 120 M ar.
C onsol, 5 g ............................1936 A & O t 91 a, t6 5 J a n . t8 7 A ug.
C .C .C .& S t.L .—P e o .& E .,48.1940 A & O
69 A ug. 84% A p r. R ic h .& W .P .T e r.-T ru s t, 6 g .l8 9 F & A t 67%b, t 4 0 J a n . 168% S e p t,
In c o m e , 4 s .......... ................ 199 0 A p r il
18
Con. 1 s t & col. t r u s t , 5 g .1 9 1 4 M & S I 33%
15 J a n .
2 0 A p r.
tl8
J a n . i 33% S e p t.
C ol. C o al & I r o n .—6 g . ___1 9 0 0 F & A
95 J a n . 100 M ay R io G r. W e s te rn —1 st, 4 g . l 9 3 i J & J
66% 62 J u ly 71 A p r.
C o l.H .V al.& T ó l.—C on.,5 g.1 9 3 1 M & S 91
9 4 A ug. St. J o . & G r. I s la n d —6 g .,1 9 2 5 M & N
81% M ay
6 7 b, 61% J u n
9 3 %b. 85% A ug. 94% A ug. St. L. & S a n F r .—6 g., Cl. B. 1906 M & N 112% b. 101 J a n .e 69% A p r.
G e n e ra l, 6 g . ........................1904 J & D
113 A p e
D e n v e r & R io G r.—1 st, 7 g. 190 0 M & N 115 b. 113 M ay 115 A ug.
6 ., C la ss C ......................... 1906’ M &
Jan
A p r.
7938b, 71 J u l y 8 0 S ept. G e n e ra l m o rtg a g e , 6 g .. 1931 J & N 113 %a. 101 J a n .. 113 A p r.
1 s t c o n so l., 4 g . . . . . ...........1936 J & J
J
98
82.
98
D e t. B. C ity & A lp e n a —6 g .1 9 1 3 J & J
50 Ja n .
5 0 J a n . St. L. So. W est.—1 s t, 4s, g.1939 M & N
60%
5 3 J u ly
62% A p r.
D e t. M ac. & M.—L d .g ra n ts .1 9 1 1 A & O 2 4 b. 22 «Aug. 27% A p r.
2 d , 4 s ,g ., in c o m e ___¿ ...1 9 3 9 J & J
2 0 a. 1 4 A ug. 20% A
D u i. So. Sh. & A tl.—5 g . . .1 9 3 7 J & J
98 b. 93 F e b . 102 A p r. 3t.P .M .& M .—D a k .E x ., 6 g .1 9 1 0 M < N 117% b. 115% J a n . 121 A p r.
fc
p r.
E . T e n n .V . & G a.—C on., 5 g .l9 5 6 M & N 104%
1 s t c o n so l., 6 g .................... 1933
86% J a n . 104% A ug.
& J 119
115 J a n . 122 M ar.
K n o x v ille & O hio, 6 g ___1925 J & J %11 b. 96 J a n . 112 A ug.
“
re d u c e d to 4% ij
& J 100 %b. 97% J a n . 102% J u n e
F t . W. & D e n v . C ity .—6 g .. 1921 J & D
75 %b. 66 J a n ,
M o n ta n a E x te n s io n , 4 g .1 9 3 7
79% A p r.
& D * 8 2 b. 8 4 J a n .
89% A p r.
G a l.H .& S a n A n .-M .& P .D .lst,5 g M & N 91 b. 90 M ay
92% Aug. S a n A n t.& A .P .—ls t,4 g . ,g u . , ’43
5638 50% J a n . 59% A p r.
& J
G e n . E le c tric , deb. 5 s, g . . .1 9 2 2 J & D
9 0 %b. 68 J a n ,
9 5 A ug. S o u th C a ro lin a —1 s t, 6 g . .
105 F eb. 110 F e b .
R o u s . & T. C e n t., g en . 4 s, g . 1921 A & O 6 4
60 J a n .
6 6 M ar. So. P a c ific , A riz .—6 g .. 1909-10 J & J ' 86 a.
J u ly
94% J a n .
Illin o is C e n tra l.—4 g ..........1952 A & O 103% b. 100 F eb . 102% J u n e So. P a c ific , C al.—6 g ___1905-12 A & O 109 b. 104 J u ly
108% M ar.
I n t . & G re a tN o r .—1 s t, 6 g .1 9 1 9 M & N 113%
109% A ug. 116 A p r.
1 s t c o n so l., gold, 5 g ........1938 A & O
85% M ay
98 A p r.
2 d 4 - 5 s ....................................190 9 M & 8
6 7 b. 6 0 J u n e 68% A p r. So. P a c ific , N. M.—6 g ........1911 J & J
95 b. 94% J u ly
98% A p r.
Io w a C e n tra l.—1 st, 5 g ___1938 J & D
92%
86 Ja n .
95 A p r. Tenn.C . I. & R y .—T en.D ., 1 st,6 A < O * 83 a. 75 J a n .
&
85% A p r.
K in g s Co. E le v :—1 s t, 5 g .,1 9 2 5 J & J
7 6 a. 7 9 J a n .
B irm in g h a m D iv ., 6 g ..,1 9 1 7 J & J
85 A p r.
85 a. 7 7 J a n .
8 7 A p r.
L a c le d e G a s.—1 s t., 5 g ___1 919 Q - F
88 b. 81 J a n .
89 A p r. T e x a s & P a c ific —1 st, 5 g ..2 0 0 o J & D 87% b. 72% J a n .
83 A u g .
L a k e E r ie & W est.—5 g.
1937 J & J 112 b. 110% J a n . 115% A p r.
2d, in c o m e , 5 g ....................2000 M a r d i
27%
17% J a n .
28% A ug.
L . S h o re.—Con. c p ., 1 st, 7 s . 1900 J & J 119
118 J a n . 121% M ay Tol. A n n A r. & N . M.—6 g .1 9 2 4 M & N
77
5 5 M ar.
78% A u g .
C o n so l, c o u p ., 2 d , 7 s........1903 J & D 122 %b. 122 J a n . 125% M ay T oledo & O hio C en t.—5 g .1 9 3 5 J & J 105%
103% J u ly 108 M ay
115% b. 113 J a n . 116 M ay T oledo Peo. & W est.—4 g .1 9 1 7 J & J
L o n g Is la n d .—1 s t c o n ., 5 g .1931 Q - J
7 0 b. 68 J u ly
84% M ar.
G e n e ra l m o rtg a g e , 4 g . . 1938 J & D
98 a. 9 3 % F eb .
99% M ay Tol. St. L. & K a n . C.—6 g .,1 9 1 6 J & D
5938b. f 55% A ug.
A
L o u is. & N a sh . C o ns., 7 s . 1898 A & O 11138b. 109% A p r. 113% M ar. U nion P a c ific —6 g ___*____1899 J & J 106% b. 103% J u n e 16 4 A p r.
111
p r.
N .O . & M obile, 1 s t, 6 g .,1 9 3 0
& J 117 b. 112% J a n . 117% J u n e
E x t. s in k in g fu n d , 8 .........1899 M & S 98
9 0 J u n e 103 F e b .
“
“
2 d , 6 g .. 1 930
& J
9 7 J a n . 110 A ug.
C o lla te r a l tr u s t, 4 % .........1918 M & N 4 0 b. 4 0 M ay
49 J a n .
G e n e ra l, 6 g ......................... 1 930
& D 1 1 5 b. 109% J a n . 116 M ar.
G o ld 6s, col. t r u s t n o te s . 1894 F & A
88 b. 82 J a n .
92% A p r.
U n ifie d , 4 g .......................... 194 0
& J
78%
7 1 J u ly
K a n . P a c .-D e n . D iv., 6 g .1 8 9 9 M & N 105 %b. 101 J a n . 109 M ay
7 9 S e p t.
& A 87% b. 76 F e b . 91% A ug.
N a s h .F l.& S h .- ls t,g td .,5 g .’37
1 s t c o n so l., 6 g ................ 1919 M & N
85% b. 72 J u n e 9 7 M ar.
K e n tu c k y C e n tra l.—4 g . 1 987
8 2 b. 82 J a n .
& J
O re g o n S h o r t L in e —6 g ..l9 2 2
85 M ay
&-A
86% b. 75 J a n .
92% M ar.
L o u is. N . A . & C h.—1 s t.,6s. 1910
& J 1 0 7 b. 108 J a n . 113% M ar.
O r.S .L .& U t’hN .—C on.5g.1919 A & O 4 5 b. 4 0 J u l y
56% A p r.
C o n so l., 6 g .......................... 191 6 A & O 95%
83 J u n e 100 M ar.
U .P .D e n .& G u lf.c o n ., 5 g .1939 J & D
40%
31% J u n e 4 8 % A p r.
L o u is. S t. L. & T e x a s .—6 g .1 9 1 7 F & A
69 a. 55 J u l y
61 A p r. U. S. C o rd .—1 s t col., 6 g . . l 9 2 4 J & J
79
7 0 M ay
87% J u n e
M etro . E le v a te d .—1 s t, 6 g .1 9 0 8 J & J 1 1 9 b. 116 J a n . 121% J u n e V irg in ia M id.—G en.M ., 5 s . 1936 M & N
9 3 b. 70 J a n .
93% S e p t
2 d , 6 s . . . ................................ 189 9 M & N I l l a. 107 J a n . 111 A p r.
“
s ta m p e d g u a r .. M & N
95
72 J a n .
95 Sept
M ich. C en t.—1 s t, c o n s., 7 s . 1 902 M & N 1 2 2 %b. 119% M ay 124% M ar. W abash—1 s t, 5 g ...................1939 M & N 106
102 J a n . 107% A p r.
C o n so l., 5 s . . J ......................190 2 M & N 107% b. 1 0 6 M ar. 107 M ay
2 d m o rtg a g e , 5 g ................ 1939 F & A
723g 66 A ug. 7 9 A p r.
M il. L a k e S h .& W .—1 s t, 6 g .1 9 2 1 M & N 128% b. 1 2 4 J a n . 130 A p r.
D e b e n t. M., s e rie s B ........ 1939
& J
28 a. 21 M ar. 28% A p r.
E x te r n & Im p ., 5 g ........... 1 929 F & A 108
105% F eb . 110% J u ly W est. N. Y. & P a .—1 s t, 5 g .1 9 3 7 J & J 102
9 7 J u ly 102 S e p t
M o. K . & E .—1 s t 5 s, g., g u . 1942 A & O 80% b. 7 6 J u l y
83% M ar.
2 d m o r tg a g e ........................ 1927 A & O ok
18% F e b . t2 6 A u g .
M. K . & T e x a s .—1 s t, 4s, g .1 9 9 0 J & D
80
7 7 % A ug. 83% A p r. W est. U n. T el.—Col. t r . ,5 s . l 9 3 8 J & J 106% b. 103 J a n . 109 J u n e
2 d, 4 s, g . ............................... 199 0 F & A
4 4 b. 38 J u n e 48% A p r. W ise. C en t. Co.—1 st, 5 g .,1 9 3 7 J & J
50% A ug. 76% M ar.
58%
M o. P a c .—1 s t ,c o n ., 6 g ._ ..1 9 2 0 M & N 1 9 6 b. 8 7 J a n . 101% A pr.
In c o m e , 5 g ..........................193719 a.
8 A ug. 18 F e b .
N o t e .—“ b ” in d ic a te s p ric e bid ; “ a ” p ric e asked ; t h e r a n g e is m a d e u p fro m a c tu a l s a le s on ly . * L a te s t p r ic e t h i s w e e k ,
t T r u s t re o e ip ts .

NEW YORK STOCK EXCHANGE PRICES—
(Continued ).—IN A C T IV E BONDS—S E P T E M B E R 7 .
&

S E C U R IT IE S .

B id .

Railroad Bonds.

(Block E xchange P rice».)
A la b a m a M id.—l e t , g., g u a r ..1 928
4 . T . & S. F —2 d , 4 s, C lass B .1 9 8 9
C ol. M id. 1 st, g., 6 s ................ 1 936
76
4 t u a t i o & D a n v .—1 s t g., 6 s . . 1917
A.U. < P a c .—2 d W. D ., g u. 6 s ,.1 9 0 7
fe
B a lt. 4 O h io —1 s t, 6s, P a r k B .1 9 1 9
• « .g o ld .......................................1 9 2 5 '1 1 4




A sk .

S E C U R IT IE S .

B. & 0 .— 3ons. m o rt., g o ld .5 s.1 9 8 8
W. V a. & P i t t s . —1 s t, g ., 5 s ..1 9 9 0
B . & O. S. W ., 1 s t, g ., 4 % s ...l 9 9 0
87%
M o n o n . R iv e r, l s t g . , g . 5 s . . . 1 919
O e n t’lO h io R e o r.—1 s t, 4 % s .l9 3 0
79"
A k .& Ch. J u n e .—ls t,g ,5 s ,g u ,1 9 3 0
B o st. H . T u n . & W .—D eb. 5 s . 1913
B ro o k ly n E le v a te d —2 d , 5 s . . . 1915
121
B ru n s w ic k & W ’n —1 s t, g. 4 s , 1938
B utt. R o h . & P it ts .—G e n .,58.1937

B id .

A sk.

S E C U R IT IE S .

B id .

A sk .

B.
R .& P .—R och. ■ P ., 1 s t, 6 s . 19211 2 4
'
*120
R och. & P itts .—C ons. 1 s t , 6 s .1922 117 -*ir
B url C ed. R a p . & N o.—1 s t, 5 s .1906 *107% 1 1 0
C onsol. & c o llâ t, t r u s t , 5 s . ..1 9 3 4
102% 103% M in n . <fe S t. L .—1 s t, 7 s, g u .,1 9 2 7 *115 ___ ^ *
104
Io w a C. & W est.—1 s t, 7 s .. ..1 9 0 9 *100
99%
C ed. R a p . I . F . & N ., 1 s t, è s .1 9 2 0 *100 __ __
63
65
1 s t, 5 s . . . . ................ . . . . . . . . 1 9 2 1 *90
C.
O hio—Coi. <~C in. M .1 s t, 4%8.1939
S,
97
C ent. R R . dr. J n n k . —Col. g .5 s .l9 3 7 __ 9 3
........ ..

mt. ::::::
ibo

S e pt e m b e r 8,

THE CHKONJLCLE,

1894.

41T

NETV iO ttK STOCK EXCHANGE PRICES .—IN AC TIVE BONDS—f Continued)—SE P T E M B E R 7.
' S E C U R IT IE S .

B id .

S E C U R IT IE S .

A sk.

C en t, o f N . J . —C o n y , d e b ., 6 8 .1 9 0 ?
C e n tra l P a c ific —G o ld b d s , 6 s, 1895 102"
G o ld b o n d s, 6 s ..........................1896 *102*4
G o ld b o n d s , 6 s ......................... 1897 *102%
S a n J o a q u in B r., 6 s ................ 1 900
M o rt. g o ld 5 s ............................. 1939
L a n d g r a n t, 5 s, g ......................1900
C al. & O. D iv ., e x t., g. 5 s . . . 1918
___
W est. P a c ific —B o n d s .6 s ___ 189 9
N o. R a ilw a y (C al.)—1 s t, 6 s . 1907
90
5 0 -y e a r 5 s ............................... 1938
d i e s . & O .—P u r . M . f u n d , 6 s . 1898 107% 109 **
120
6s, g o ld , s e rie s A ......................1 908
C ra ig V a lle y —1 s t, g ., 5 s -----1940
W arm S p r. V a l., 1 s t, g. 5 s . . 1941
0 le s . O. & So.W est.—1 s t 6s, g .1 9 1 1 101*4
2 d , 6 s .................................
-.1 9 1 1
O b. V .- G e n .c o n .ls t,g u .g ,5 s .l9 3 8
0 iic a g o & A lto n —S. F ., 6 s — 1903 115*4
.Leuis. & M o. R iv e r—1 s t, 7S.1900 114*3
2 d , 7 s ................*......................1 900
Bt. L . J a c k s . & C h ic —2 d , 7S.1898 *107*4
M iss.R . B rid g e —1 s t, s. f., Gs.1912 105
■Olio. B u rl. & N o r.—1 s t, 5 s -----192 6 103*s
95
D e b e n tu r e 6 s ..................- ......... 1 896
Ohio. B u rlin g . & Q.—5 s, s. f . .l 9 0 1 106*4 ___
Io w a D iv .—S in k , fu n d , 5 s .. 1919 107%
S in k in g f u n d ,4 s ....................1919
88
90**
P la in , 4 s .......................................1921
99
O hio & I n d ia n a C oal—1 s t 5 s . 1 936
O bi. M il. & S t. P .—1 s t,8 s ,P .D .1 898 112%
2 d , 7 3-1 Os, P . D ......................1896 "119
127
1 s t, 7 s, $ g ., R . D ......................1902
1 s t, I . & M ., 7 s ......................... 1897 *118 122
1 to la
ia
l e t , I . & D ., 7 s ......................... 1899
l e t ,C. & M ., 7 s . . . .................... 1903 "124. 126
1 s t, I . & D . E x te n s io n , 7 s . ..1 9 0 8 127*4 I29*s
1 s t, L a C. & D a v ., 5 s ..............1919 ►105
1 s t, H . & D ., 7 s ........................191 0 124 125*s
108
1 s t. H . & D ., 5 s .............. . . . . . 1 9 1 0
C h icag o & P a c ific D iv ., 6 s .. 191 0 *117*4 118*3
105
M in e ra l P o in t D iv . 5 s ............1910 105
O. & L . S up. D iv ., 5 s .............. 1921 106*4
L16
F a rg o & S o u th ., 6s, A s s u . .. l 9 2 4
In o . c o n v . sin k , f u n d , 5 s -----1916
D a k o ta & G t. S o u th ., 5 s ___ 1 916 104
M il. & N o r. m a in lin e —6 s . . .1 9 1 0 117
..........
■Chicago ^ N o r th w e s te r n —
3 0 -y e a r d eb, 5 s ..........................1921
E s c a n a b a & L. S. 1 s t, 6 s . ...1 9 0 1 1 1 4
D e s M . & M in n .—1 s t, 7 s . . ..1 9 0 7 ►121
Io w a M id la n d —1 s t, 8 s ..........190 0 121
P e n in s u la —1 s t, c o n v . , 7 s . . . 1898
C h ic. & M ilw au k e e —1 s t, 7 s . 189 8 lli * 4
W in. & S t. P .—2 d , 7 s .............. 1907, 126*4
M il. & M ad .—1 s t, 6 s ..............1905 112
O tt. C. F . & S t. P —1 s t , 5 s . - 1909 *105
N o rth e rn 111.—1 s t, 5 s . . . . . . 1 9 1 0 104
Oh. P e o . & 8 t.L .—G u a r. 5 s ........ 1928
C on. 1 s t, g. 5 s .............................1939
C h. R. I. & P—D.M . & F .D .1 St 4?. 1905 It
60
1 s t, 2* ss........................ . . . . . . 1 9 0 5
E x te n s io n , 4 s .................... ..1 9 0 5
95
K e o k u k & D e s M.—1 s t, 5 s .. 1923
O hio. & S t.L .(A tc h .)—1 s t, 6 s .. 1915
O hio. S t. P . & M in n .—1 s t , 6 s . ..1 9 1 8
128
S t. P a u l & S . C.—1 s t, 6 s . . ., .1 9 1 9 125
O hio. & W . I n d .—1 s t, s. f., 6 s . 191 9
G e n e r a l m o rtg a g e , 6 s ............1932 116*4
C in H a m . & D .—C on. s. f., 7S.1905 118
2 d , g o ld , 4*sS............................. 1 9 3 7
C in. D . & I r ’n —1 s t, g u . 5s, g .1 9 4 1
100
d le v . A k. & C o l—E q . & 2 d 6s. 1 9 3 0 *80
O .C.C. & S t. L ., C airo d iv .—4s, 1 9 3 9
9 0 7b
S t.L o u .D iv .—l s tc o l.ts ’t4 s .g . 1 990
S p rin g . & C ol.D iv.—1 s t,g. 4 s. 1 9 4 0
W h ite W .V al.D iv.—1 s t,g. 4s. 1 9 4 0
89
90
C in .W ab .& M .D iv .—1 s t,g .4s. 1991
92
94 95
Cin. I . St. L . & C.—Is t,g .,4 s .l9 3 6
C o n s o l, 6 s ...................................1 920
C in.S an.& C l.—C o n .ls t,g .5 s , 1928
O l-Col. C in. & I n d .—1 s t, 7 s ,s .f.l8 9 9 114*3
C onsol, s in k , fu n d , 7 s ............191 4
C lev e. & M ah . V .—G o ld , 5 s __1938 i i o
C o lu m b ia & G re e n .—1 st, 6 s . ..1 9 1 6
D el. L a c k . & W .—M ort. 7 s -----1907 *130
S y ra. B in g . & N . Y .—1 s t, 78.1906 1 2 8
M o rris & E s s e x —1 s t, 7 s ___ 191 4 138
190 0 1 1 4
B o n d s, 7 s . . . . ...........
7 s o f 1 8 7 1 ............................... 1901 120*3
1 s t, c o n ., g a a r ., 7 s . . . .........1915
D e l. & H u d . C an .—C o u p o n 7 s ,1894
P a . D iv ., c o u p ., 7 s .................. 1917 *141
A lb a n y & S u sq .—ls t,g u .,7 s ,1 9 0 6 X1301$
1 s t, c o n s., g u a r ., 6 s ...........1 9 0 6 *120*4
B e n s. & S a r.—1 s t, c o u p ., 7 s .l9 2 1
D e n v e r C ity C ab le—1 s t, 6 s . ..1 9 0 8
D e n y . T ra m w a y —C ons. 6s, g .1 9 1 0
M etro p o l. R y.—ls t,g u . g .6 s .l9 1 1
D e n y . & R . G .—I m p .,g ., 5 s . . . 1928
75^2 ..........
91
D u lu th & I r o n R a n g e —1 s t 5s. 1937
S . T e n n . V a. & G a .—1 s t, 7s. ..1 9 0 0 113
114
D iv is io n a l 5 s .......... ...................1 9 3 0 II O
E q . & l m p . , g . , 5 s . . . . .............. 1 938
5*3
56
M obile & B irm .—1 s t, g ,,5 s .. 193 7
A la b a m a C e n tra l—1 s t 6 s . ..1 9 1 8 *100
E r i e —1 s t, e x te n d e d , 7 s ............1 897
111
2 d , e x te n d e d , 5 s . . . . . _______ 1 9 1 9 113
8 d , e x te n d e d , 4*ss....................1 923 107
108
4 th , e x te n d e d , 5 s . . . . . . . . . . . . 1 9 2 0 112
5 th , e x te n d e d , 4 s ............. ,...1 9 2 8 100
1 s t, c o n ., g., f’d , 7 s ...............1 9 2 0
•Reorg., 1 s t lie n , 6 s .................. 190 8 105
B . N . Y. & E .—1 s t, 7 s ............191 6
Y . L . E . & W .—Col. tr .,6 s .192 2 101
F u n d e d c o u p ., 5 s ......................1 9 6 9
B uff. & 8. W .—M o rtg . 6 s ___ 1908
J e ffe rso n —1 s t, g u . g. 5 s ___ 1 909
C o al & R R .—6 s ........ ................ 192 2
D o c k & I m p t ., l s t 6 s, c u r ’cy .1 9 1 3
E u r e k a B p rin g s—1 st, g ., 6 s . . . 1933
E v a n s . & T .H .—1 s t,c o n s .,6 s ..192 1 105 112
1 s t, g e n e ra l, g ., 5 s .................. 194 2
M t. V e rn o n 1 s t 6 s .................. 1 923
..........

B id.

A sk .

3ril n o n r 1 «t f Su.t 931

B vans. & In d ia n .—1 st, c o n s . .l 9 2 f
F lin t & P . M arq .—M o rt., 6 s . ..1 9 2 0

.....
115*3 117*3
87*3
95

1 s t con. g., 5 s ...........................1943
F t W o rth & R. G .—1 s t g., 5 s . .1928
G al. H a r. & S a n A n t.—1 s t, 6 s . 1910
G al. H . & S. A .—2 d m o rt.. 7 s .. 1905
G a. C ar. & N o r.—1 s t, g u . 5s, g .1929
G a. So. & F l a —1 s t, g. 6 s..........1927

..........
60

EVr H

945s
58
95
90
........ .
84*3
25
12*3
G. B . W. & S t. P .—2 d in o . tr . r e c ts .
118*4
113
H o u s. & T . C.—W aco & N . 78..190S 105
1 s t g ., 5 s (in t. gtd>..................1937 T 0 4
99
*84
107
*97
1 s t. g o ld , 3 * s s ...........................1951
99
G o ld 4 s ....................................... 195 3
.....
C airo B rid g e —4 s ..................... 1950
105
M id d le D iv .—R e g ., 5 s ........... 1921 109
C. S t. L. & N . O .—T e n . L, 7 s . 1897 110*3
110*3
2 d , 6 s ........................................ 1907
113
C ed. F a lls & M in n .—1 s t, 7 s .. 1907 100

110
..........
35
13>s
..........
105
..........
..........
..........
........
99*3
......

....

........

......
..........
79
In d . Ills. & Io w a .—1 s t, g, 4 s .. 1939
115
In t. &G. N’u —1 s t,6 s ,g ................. 1919 113
80*3
K in g s C o .-F .E l.,ls t,5 ,g .,g u .A .1 9 2 9
103
L a k e E r ie & W est.—2 d g ., 5 s . 1941
..........
L. S .& M .SO U —B .& E .—N e w 7 s .’98 113
.........
D e t. M. & T .—1 s t, 7 s ..............1906 115
L a k e S h o re —D iv . b o n d s , 7 s . 1899 115*0 ..........
..........
K a l. A ll. & G. R .—1 s t g u . 5s. 1938
M ah o n ’g C oal R R .—1 s t, 5 s . 1934
L ebighV .JN .Y .—1 s t gu.g.4*3S.1940 102** ........
L e h ig h V .T erm .—1 s t g u . 5s,g. 1941
110*3
......
L e b ig b V ’y C o a l—1 s t 5 s,g u .g . 1933
95
1 iitc h f. C ar.& W est.—1 s t 6s. g . 1916
L o n g I s la n d —1 s t, 7 s ................. 1898 1L2*3 113
G o ld 4 s ........................................1932
.....
N . Y . & R ’w a y B .—l s t , g . 5 s . 1927
37*, 43
2 d m o rtg ., in o ....................... 1927
2 d , 5 s, g o ld , t r u s t r e c e i p t s .. 1948

N. Y .B .& M .B .—l s t c o n . 5s,g. 1935
B ro o k l’n & M o n ta u k —1 s t,6 s. 1911
L o u is.E v a n s.& S t. L .—C o n .5 s.1 9 3 9
L o u is. & N a sh .—C ecil. B r. 7 s .. 1907
E . H . & N a s h —1 s t 6 s, g ___ 1919
S t. L o u is D iv is io n , 1 s t, 6 s ... 1921
2 d , 3 s ........................................ 1980
N a sh v . & D e c a tu r—1 s t, 7 s .. 1900
S . f . , 6 s —S. & N . A la .............. 1910
1 0 -4 0 , go ld , 6 s .........................192 4
5 0 -v e a r 5s, g .,...........................1937
P e n s . & A t . - i s t , 6 s, g o l d ... 1921
C o lla t. t r u s t , 5 s, g ..................1931
Lou.N .A lb.& C h.—G e n .m .g .5 s .l9 4 0
M a n h a tta n R y .—C ons. 4 s ........1990
M an ito .S .W .C oloniza’n —5s ,g .l9 3 4
M em p h is & C h a ri.—6s, g o ld .. 1924
l s t c o n . T e n n lie n , 7 s ............1915
M ex ic a n C en t. C onsol.—4s, g .1911
1 s t, c o n s, in c o m e 3s, g ..........1939
M e x .in te r n a tio n a l—1 st, 4 s ,g .l9 4 2
M e x ic a n N a tio n a l—1 s t, g., Os. 1927
2 d , in c o m e , 6s, “ A ” ...... .........1917
2d", in c o m e , 6s, “ B ” . . . ........ 191 7
M ic h ig a n C e n tra l—6 s ................1909
C o u p o n , 5 s .................................. 1931
M o rtg a g e 4 s ................... ...........1940
B at.(X & 8 trg is.—ls t,3 s ,g .g u . 1939
M il. L. S.&W .—C onv. d e b ., o s . 1 9 0 /
M icb. D iv ., 1 st, 6 s................... 1924
A s h la n d D iv isio n —1 s t, 6 s . . 1925
M inn.& St. L —1 s t, g. 7 s ..........1927
Io w a E x te n s io n , 1 st, 7 s ........1909
2 d m o rtg ., 7 a ...l ...... ..............1891
S o u th w e s t E x t .—1 st, 7 s ........1910
P a c ific E x t .—1 s t, 6 s ..............1921
Im p r . & e q u ip m e n t, 6 s ..........1922
M in n . & P a c .—1 s t m o rtg ., 5 s . 1936
M in n .S t.P .& S .S .M —1 s t c .g .4 s. 1938
M o.K .& T.—K .C .& P ., 1 s t, i s , g .1 9 9 0
D a l. & W aeo—1 s t, 5 s, g u . . .. 1940
M isso u ri P a c ific —T ru st~ 5 s . . . 191 7
1 s t ooH., 5s, g ........................... 1920
S t L .& I. M .~ A r k .B r .,ls t,7 s .l8 9 5
M obile & O hio—1 s t e x t., 6 s .. .1 9 2 7
S t. L . & C airo —4 s, g u a r ........1931
M o rg a n ’s L a . & T .—1 s t, 6s . . . . 1920
N a sh . C h a t. & S t. L .—2 d , 6s . . 1901
N . O. &. N o. E .—P r . 1., g., 6 s .. 1915
N . Y . C e n tra l.—D eb. g. 4 s ___ 1905
N . J . J u n e —G u a r. 1 st, 4 s . ..1 9 8 6
B ee c h C re ek —1 st, g o ld , 4 s . . 1936
O sw . & R o m e —2 d ,5 s ,g .,g u .l9 1 5
U tic a & B l. R iv .—4s, g., g u .1 9 2 2
N . Y. & P u t.—1 s t, g ., 4s. g u .1 9 9 3
N. Y. N . H . & H .—1 s t, re « . 4 s . 1903
N. Y . & N o r th e rn —1 s t, g. 5 s .. 1927
N. Y . S u sq . & W est.—2 d , 4*33.1937
G e n . m o rt., 5 s, g ........ ............194C
N. Y . T e x . & M ex.—Is t,4 s ,g u .l9 1 2
N o rth ’n P a c ific —D iv id ’d s c rip e x t.
J a m e s R iv e r V a l.—1 s t, 6s . .. 1936
I S p o k a n e & P a l.—1 st, 6s ........1936
J S t.P a u l & N . P .—G e n .. 6s . . 1923

........
____ ........
108*3
49*s
105*3
110
107
*116
112
104
..
101
*100
98 100
104
65
67
98*s
.........
....
69

*115*3
*112*3 .........
100 ..........
..

'1 0 4
124
122*3
127
140
149
113
124

145

60

70

65

70

*101
*110
111%

115
125

125%
'1 0 5

103*s 104*3

100

103
105 107
102*3
101*4

102

116
*83
*94

89
96
35

80
—

117

H e len a & R e d M ’n —1 s t,g .,6 s . 1937
D u lu th & M a n ito b a —l s t,g .6 s l 9 3 6
D ul.& M an D a k .D iv .—I s t6 s .l9 3 7
Cceur d ’A le n e —1 s t, 6 s, g o ld .1916
G en. 1 s t, g., 6 s ........................1938
C ent. W a s h in g to n —ls t,g .,6 s .l9 3 8
lo rfo lk & S o u th ’n —1 s t, 5 s ,g . 1941
1lo rfo lk & W est.—G e n e ra l, 6 s . 1931
N e w R iv e r, 1 s t, 6 s .................. 1932
Im p . & E x t ., 6 s ____________ 1934
A d ju s tm e n t M ., 7 s ..................1924
E q u ip m e n t, 5 s ...........................1908
C lin c h V al. 1 s t 5 s ....................1957
R oanoke& S o.—1 st, gu. 5s, g .1 9 2 2
S cioto V al. & N. E .—1 s t, 4 s ,.1990
>hio & M iss—2 d co n so l. 7 s . . . 1911
S p rin g .D iv .—1 s t 7 s................. 1 9 0 5
G e n e ra l 5 s.............................. ..1 9 3 2
<>hio R iv e r R R .—i s t , 5 s .. . . . . . 1 9 3 6
G e n , g . ,5 s ................................... 1937
( )re g o n & C alifo r.—1 s t, 5s, g .1 9 2 7
( >reg. R y & N a v .—C o l.tr. g ..5 s .l9 1 9
I
I
Do
do
S e rie s B ..........
P .C .& 8 .L .-ls t,c .,7 s ................ . i 960
P it ts . F t. W . & C.—1 st, 7 s ... 1912
2 d , 7 s .......................................1912
3 d , 7 s ................................... ...1 9 1 2
C h.S t.L .& P .—1 st, c o n .5 s ,g ... 1932
C lev. & P .—C o n s.,s . fd ., 7 s . 1900
G en. 4*38, g., “ A” .......... ..1 9 4 2
S t. £ . V. & T. H .—1 s t, 6 s., 7 8 .1 8 9 7
2 d , 7 s ............................. . . . . . . 1 8 9 8
2 d , g u a r., 7 s ........... . . . . . . . . 1 8 9 8
G d .R .& I.E x t.—1 s t,4*3S,G.g. 1941
] ,eo .< fe E .-In d .B .& W .-lst,p i.7 s.l9 0 0
O hio In d .& W.—1 s t p r e f . 5 s .. 1938
1’e o ria & P e k . U n io n —1 s t, 6 s .1921
2 d m o rtg ., 4*33...........
1921
1’itts . C leve. & T ol.—1 st, 6 s ... 1922
1’itts . & L . E r .—2 d g. 5 s, “ A ” . 1928
1>itts. M e. K . & Y .—1 s t 6 s------1932
J
1. E .—ls t ,g . ,5 s .l 9 4 0
J
-M. 5 s, g .1 8 9 1 -1 9 4 1

A sk.

89
80

85
85

102* i05**
116
*108

’73

75

’76

83

105
105

106*3

136
117
117

119

1073s
103
110

108

108
*64

2 d in c o m e 6 s . ...........................1916
tich. & D a n v .—D e b e n tu r e 6 s . 1927 10 L
85
E q u ip . M. s. f., g., 5 s ------- ..1 9 0 9
A tl. & C h a r.—1 s t, p re f., 7 s ..1 8 9 7
do.
In c o m e , 6 s -----1900 103
W ash. O. &W. —I s t,4 s,g u . oy. ,1 9 2 4 *73
tio G r. J u n o .—1 s t, g u ., g., 58.1938
iio G ra n d e So.—1 st, g., 5 s . . . 1940

80

88
80

K a n . C. & O m a h a —1 st, 5 s . .1 9 2 7
46
It. L o u is A . & T. H .—
B elle v . & So. 111.—1 s t, 8 s . ..1 8 9 6
B ellev . & C ar.—1 st, 6 s . . . . . . 1 9 2 3
C h i.S t.L .& P ad .—1 s t,g d .g .5 s 1917
106
S t. L o u is So.—1 st, gd. g. 4 s . 1931
do
2 d in c o m e ,5 s .1931
*85
C ar. & S h a w t.—1 s t g. 4 s -----1932
It. L. & 8. F .—2 d 6s, g., cl. A . 1906 112*3
E q u ip ., 7 s ............................. ...1 8 9 5
84
G e n e r a l 5 s ..................................1931
1 s t, tr u s t, go ld , 5 s............. .. .1 9 8 7 *70
C onsol, g u a r., 4 s . . . ...............1 9 9 0
43*3
K a n . C ity & S.—1 st, 6s, g . . . l 9 1 6
F t. S. & V. B. Bg. - 1 s t , 6 s . . . 1 910
K a n s a s M id la n d —1 s t, 4s, g .1 9 3 7
It. P a u l & D u lu th —1 s t, 5 s -----1931
2 d m o rtg a g e 5 s......................... 1917 1 0 4
It. P a u l M in n & M.—1 s t, 7 s . .1 9 0 9 '110
2 d m o rt., 6 s . . . . . . — .............. 1909 117*3 119*s
M in n e a p . U n io n —1 s t, 6 s — 1922
M o n t. C en.—1 s t, g u a r ., 6 s . .1 9 3 7 110 % 112*s
1 s t g u a r. g. 5 s ............................19371 *97
E a s t. M in n ., 1 s t d iv . 1st 5 s . 1908 *100
W ilm a r& S io u x F .—1 s t, g ,5 s .l9 ls !
Ian F r a n . & N . P .—1 st, g., 5S.1919 *87
lo u th C a ro lin a —2 d , 6 s ............1931
In c o m e , 6 s . . . . . . . .................... 1931
Jo. P a c . C o ast—1 st, g u a r .,4 s .l9 3 7
Ter. R K .A s’n o f 8 t . L . - l s t , 4*38.1939
T e x a s ¿¿N ew O rle a n s —1 s t,7 s . 1905 . . . . . .
S a b in e D iv isio n , 1 s t, 6 s ........ 1912
C onsol. 5 s, g ...... ............ . . ....1 9 4 3
yu
bx. & P a c ., E . D .—1 s t, g. 6s. 1 9 0 j
11« lis ^ a
65
67
T o led o A . A. ¿¿G ’d T r.—g. 68.1921
78
81
l. A. & M t. P I.—6 s ............1919
74
l. A . & N . M .—5s, g ..........1940
^ .-» ~ .C .—K a n .& M ., M o rt. 4S.1990
73
7 5 *#
U ls te r & D e l.—1 s t, c o n .,6 .,5 s . 1928
1023a
U n ion P acific—1 s t, 6 s ................1896 105
1 s t, 6 s , ..........................................1897 105*4 106
1 s t, 6 s ...........................................1898 106 1063a
___^
C o lla te ra l T r u s t, 6 s .............1 9 0 8
89
C o lla te ra l T ru st, 5 s ................ 1907
65
--n
K a n s a s P a c ific —1 s t 6 s, g . . . l 8 9 5 103% 104*4
1 s t, 6 s , g ................................... 1896 105
C. B r. U . P —F . 0 7 a . ...........1895
.,
A tc h . Col. A P a c .—F st, 6 s ... 1905
38
40
A toll. J . Co. & W . —1 s t, 6 s ... 1905
40
U .P . L in . & Col.—1 s t,g .,5 s . 1918
45
50
O re g .S .L .& U .N .,c o i.trs t.,5 s.l9 1 9
35 4 0
U ta h & N o rth .—1 s t, 7 s ..........1908
G old, 5 s ........ ...........................1926
U ta h S o u th e rn —G en ., 7 s ..1 9 0 9 *80
88 "
E x te r n , 1 st, 7 s . . . ------— 1909 ........ . 9 0
V alley R ’y Co. o f O .—C on. 6 s . 1921
W abash—D e b e n tu re , S er. A . .1 9 3 9
D e t. ¿S C hic. E x t . 1 s t, 5s, g '..1 9 4 0
c
99
N o . M isso u ri—1 st, 7 s .......... .1 8 9 5 103*«
St L1
.K.C .& N .—R .E .& R R .7S.1895 102*s 103
S t.C h a rle s B r’ge—1 s t,6 s .. . 1906 106
West, Va. C. & P itts .—1 s t, 6 s .1911
W heeh& L .E .—1 st. 5 s, g o l d . . . 1926
Tmu. sr..
..iw

' No price Friday; these are the latest quotations made this week. For ■Jliscellaueoue and Unlisted Bonds,—
See




B id .

S E C U R IT IE S .

..........

pagejpreoeding.

418

THE CHEOJNICLE.
% U K z $ im m i
AND

f Vou L1X,
L atest E a rn in g s Reported.
WeekorMo\

1894.

$

1893.

Ja n . 1 to L atest Date,
1894.

1893,

$
G r a n d T r u n k .... W k Sep. 1 3 8 8 ,7 1 2 408,9 4 9 1 1 ,4 7 6 ,4 6 3 1 2 ,9 0 2 ,6 7 8
C hic. * G r. T r. W k A ug. 18
4 9 ,7 5 3
8 6 ,2 2 4
D e t G r .H . * M. W k A ug. 18
2 2 ,3 7 9
2 3 ,258
G e o rg e t’n & W ’n J u n e _____
2 ,6 2 6
3 ,9 7 6
1 8 ,3 9 4
2 3 ,4 1 7
G r. P .W al. & B r. M a y ............
2 ,3 1 5
1,986
8 ,768
9 ,0 0 9
The I n v e s t o r s ’ S u p p l e m e n t , a pamphlet o f 160 pages, con G r e a t N o rth ’n 8 t. I . M. * M. J u l y .......... 1,099,738 1 ,0 8 5 ,6 6 0 5 .2 6 7 .1 1 7 7 ,0 1 6 ,0 2 7
tains extended tables o f the Stocks and Bonds o f Railroads,
E a s t. Of M inn J u l y ..........
1 1 0 ,1 6 6 129,3 9 2
509,3 2 1
6 0 5 ,8 9 4
M o n ta n a C en t J u l y ..........
151,6 5 2
9 4 ,7 7 0
8 5 0 .6 7 9
6 6 7 ,6 4 2
and other Companies, with remarks and statistics concerning
T o t. s y s te m . J u l y . ........ 1,361.556 1 ,3 0 9 ,8 2 2 6 .6 1 7 .1 1 7 8 ,2 8 9 ,5 6 3
G u l f * C hicago J u l y ..........
the income, financial status, etc., o f each Company. I t is
3,231
2 ,375
2 3 ,3 6 6
2 2 .3 4 6
a rts v ille . . . .
307
448
3 ,6 0 7
5 ,4 4 1
published on the last Saturday o f every other month—viz., H oos.T un.& .W. il. M anye..........
H
3 ,442
Ju
........
3,931
1 7 ,8 2 9
18,227"
H
.T ex
2 5 ,3 0 0
2 9 ,5 5 7
189,878
2 0 9 ,0 7 2
January, March, May, July, September and November, and is H ous.E .& WShen J u n e ........
u m e s t’n&
8,000
J u l y ..........
8 ,425
6 4 ,8 0 0
furnished without extra charge to all regular subscribers of Illin o is C e n tra l. J u l y .......... 1,097,316 1,789,736 9 ,6 1 4 ,6 4 1 1 1 ,6 7 1 ,4 3 4
9 0 ,5 6 6
In d .D eo .& W est. 3 d w k Au:
1 0 .7 5 7
9 ,7 1 6
2 4 0 ,4 9 5
2 8 7 ,5 3 4
the C h r o n i c l e .
I n . * G t. N o rth ’n 4 th w k Auj
9 4 ,9 2 5
9 0 ,2 0 9 1 ,8 7 5 ,2 7 7 2 ,5 0 7 ,0 9 7
3 5 ,099 1 ,5 0 8 ,5 9 5 1 ,3 5 6 ,9 6 8
Ihe General Quotations of Stocks and Bonds, occupying six tln te ro o . (Mex.> JVkA ug.18 4 6 ,0 1 8
Io w a C e n tra l. . d
3 6 ,3 1 7
3 7 ,4 9 2 1 ,0 4 7 ,7 4 0 1 .1 4 5 ,0 5 5 ’
pages of the C h r o n i c l e , are published on the t h i r d S a t u r  Ir o n R a ilw a y . 3 u lw k. .A .u g
3.033
J y.
1,921
2 2 .5 7 2
2 4 ,4 0 6
J a c k . T. & K . W J u l y ........
3 6 ,3 7 7 1 3 7 ,2 7 4
5 1 0 ,4 7 3
5 2 4 ,4 7 3
d a y o f each month.
K anaw ha& M ich 4 th w k A u g
1 0 ,764
10.277
2 3 5 ,3 9 2
2 2 2 ,8 9 0
K an.C . Cl. & 8 p . 3 d w k A u^
6 ,7 2 0
4 ,4 0 9
1 7 9 ,9 0 0
1 6 3 ,6 2 8
K .C .F .S .& M em 3 d w k A ug
6 9 ,5 6 3
6 3 .277 2 ,3 5 3 ,5 4 5 2 ,7 0 2 ,9 8 0
K .C .M em .& B ir 3 d w k A n
1 5 ,627
1 5 ,476
626,0 2 8
6 7 1 ,7 0 9
K . C. P it ts . & G. 3 d w k Au,
8,751
4 ,4 7 0
2 1 6 ,2 1 5
8 7 ,8 0 1
K an.C . S u b .B elt 3d w k Au,
6,361
159,2 1 9
.5,618
1 5 2 ,9 9 1
Latest E a rn in g s Reported. > n . 1 to L atest Date.
Ja
K an.C . N W . . . . J u l y ..........
2 3 .7 7 0
2 1 ,848
174,9 3 7
1 8 0 ,8 1 0
R o a d s.
K a n .C .& B e a t. J u l y ..........
933
1,198
6 ,670
7 ,9 0 8
1893.
WeekorMo\ 1 8 94.
1 8 94.
18 9 3 .
K e o k u k & W est. 3 d w k A u
8.311
8,495
2 2 8 ,7 0 4
236,086L . E r ie A ll. & So. J u l y ..........
6 ,124
5,414
3 8 ,663
4 5 ,6 0 4
%
$
L. E r ie & W e s t..
1 1 7 .1 6 9
9 5 .2 4 6 2 .1 3 0 ,7 6 3 2 ,3 8 4 ,5 8 0
A d iro n d a c k ___ J u n e . . . . .
8 6 ,425 L e h ig h & H u d .. 4 th w k A u g
8 0 ,8 2 9
1 3 ,3 7 1
1 5 ,4 4 8
3 5 ,3 9 2
A
5 1 ,8 7 0
2 4 9 ,8 4 3
366,339»
A la. M id la n d ... J u n e ........
4 9 '2 4 1
2 7 0 ,4 6 4
2 3 8 ,0 8 6 L o n g I s la n d ___ M u g u s t ..
4 7 ,3 6 0
3 7 5 ,5 1 0 3 8 9 ,2 1 3 1 ,3 6 3 ,6 3 7 1 ,4 1 5 ,9 7 3
a y ........
A lle g h e n y V a l. J u l y ........ .
2 0 3 ,6 0 1 2 0 6 ,7 4 1 1 ,1 5 0 ,4 5 3 1 ,5 2 6 ,1 9 0 L o u is .* M o.R iv. J u n e ___
2 7 ,235
3 8 .188
151 ,8 8 8
2 0 3 ,7 8 8
A n n a n . W. & B .. A p r il........
4 ,0 0 9
1 4 ,049 L o u is.E v .& S t.L , 4 th w k A ug
17 ,3 5 9
4 ,0 8 5
4 3 ,0 0 6
4 5 ,0 3 1
9 1 1 ,4 2 3 1 ,1 4 8 ,2 8 6
A rk . M id la n d ... J u n e ........
6 ,397
3 3 ,7 0 2
3 8 ,2 8 4 L ouis v .& N ash v . 4 th w k Au,
5,281
5 5 6 ,9 9 0 4 9 3 .8 5 0 12.3 3 1 ,0 5 1 1 3 ,9 2 9 ,5 5 5
A tc h .T .& S . F e . 4 th w k Au.
8 2 0 ,3 9 3 9 0 6 ,7 9 7
L ouis.N .A .& C h. 4 th w k A ug
9 5 .7 7 0 1 0 2 ,5 7 9 1,7 8 9 ,3 8 1 2 ,2 3 4 ,1 1 1
S t. L . & S a n F 4 th w k A u j
1 9 4 ,7 4 1 2 2 4 ,7 9 3
L o u .S t.L .& T e x . 4 th w k Au,
1 2 ,268
1 2 ,692
273,2 5 1
3 <4,227
A t l a n t i c * P a c 4 th w k Auj
7 7 ,1 5 3
6-¡,086
L o u isv . S o u th .. 3 d w k Au,
1 1 ,035
1 1 ,179
3 7 6 ,5 3 7
4 2 9 ,3 8 8
Col. M id la n d .. 4 th w k A u
4 4 ,8 3 2
3 2 ,4 0 6
M aco n & B ir m .. J u l y ..........
6 ,8 6 0
4 3 ,1 1 4
5,548
3 9 ,2 7 8
A gg. t o t a l . .. 4 th w k A u g 1 .1 3 7 ,1 1 9 ,2 3 0 ,0 8 2 2 4 ,0 4 9 .6 4 8 3 0 ,9 5 8 ,5 5 7 M aL ones & A ug.
1.019
M a y ..........
4 ,6 4 9
998
6 ,7 1 9
A t l a n t a * C h a r.a M ay .
2 7 3 ,9 8 2
4 7 ,5 3 0
3 2 1 ,7 9 2
58 ,4 9 1
M a n is tiq u e ......... J u l y ..........
1 0 ,639
4 ,0 1 5
4 1 .6 1 6
7 0 ,2 3 8
A tla n ta & Vf. P J u n e
2 2 6 ,7 8 4
34,5501
2 0 4 ,8 0 »
2 7 ,9 5 2
M em phis& C has. 3 d w k Au;
2 0 ,323
1 7 ,187
7 6 5 .6 7 9
8 8 6 ,3 3 2
A tla n . & D a n v .. 3 d w k A u g
1 1 ,7 4 9
7 ,0 3 2
iM e x ic a n C en t. 4 th w k Au;
2 1 6 ,3 8 1 190,6 9 3 5 ,5 7 3 ,2 2 9 5 ,2 6 0 ,0 7 8
A u s tin & N ’w e st J u n e ........
1 2 3 ,5 6 4
1 9 ,7 0 4
1 1 6 ,8 5 8
1 9 ,0 6 5
179,2 4 5 182,838 1 ,0 6 2 ,3 6 3 1 ,0 6 9 ,2 8 3
B .& O .E a stL in e s J u l y ......... 1 ,4 19,342 ,6 2 2 ,7 3 8 8 ,9 1 9 ,8 6 2 1 0 ,9 4 3 ,6 1 8 M ex ic a n I n t e r ’l. J u n e . . . . .
1 1 8 ,3 1 3 1 0 9 ,4 9 4 2 ,7 7 0 ,7 4 5 2 ,8 4 2 ,9 5 4
[M ex. N
n l.
W e s te rn L in es J u l y ..........
3 7 2 ,9 1 3 4 8 9 ,3 3 3 2 .4 0 1 ,5 4 4 3 ,5 8 8 ,1 6 3 M ex. N oartio e ran . 4 th w k A u :
th
4 8 ,0 8 7
J u n e ........
3 1 6 ,9 9 3
T o ta l.............. J u ly .......... 1,7 9 2 ,2 5 5 ,1 1 2 ,0 7 1 1 1 ,411,406 1 4 ,531,781 IM ex ican R ’ w ay
6 3 .435
6 5 .1 4 0 2 ,0 0 4 ,0 3 1 1 ,9 7 0 ,7 9 6
B aL & O .S o u ’w .d 4 th w k Auj
2 0 6 ,7 2 3 1 9 7 .4 3 5 3 ,9 9 1 ,6 7 2 4 .4 3 7 ,9 1 6 M ex ic a n So. . .. W kA u g .1 8
7 ,9 8 0
2 d w k Au,
8 ,5 7 5
1 8 0 ,2 7 4
1 1 4 ,8 6 8
B a t h * H a m ’nde J u n e . . . . .
1 0 ,383 M in n eap .& S t.L
9 ,4 3 4
1 .551
1.621
107.312 140,0 2 5
8 9 0 ,6 2 6
9 9 9 ,7 3 3
B ir. & A tla n tic .. J u l y ..........
1 9 ,2 3 4 M o .K a n .& T e x .. J u l y ..........
1 .5 0 8
2 .0 6 4
1 2 .4 0 8
3 2 4 ,9 5 4 2 4 0 ,7 7 8 5 ,7 6 5 ,5 3 8 6 ,1 2 9 ,6 9 7
4 th w k A u
B ro o k ly n E l e v . . Wk Sep. 1
2 6 ,8 1 2 1 ,1 6 9 ,1 3 7 1 ,2 6 5 ,1 2 7 M o .P a c .* Iro n M
2 7 ,1 1 0
00
B u fl.R o ch . & Piti J th w k A u g
1 1 2 .5 8 9 1 0 0 ,1 4 7 1 ,6 6 9 ,2 3 5 2 ,2 8 3 ,9 8 6 M obile * B irm . 4 th w k A ug 7 3 5 .0 3 9 6 7 8 ,0 0 0 1 4 ,090,517 1 6 ,3 6 7 ,0 3 4
5 ,3
158,794
6 ,5 7 4
1 7 6 ,0 8 8
B u r.C .R a p . & N 2d w k A u
6 4 .5 9 0
6 0 ,5 8 6 2 ,1 1 3 ,0 9 2 2 ,2 8 1 ,7 3 8 M o b ile * O hio 3 d w k Auj
2 3 3 ,5 9 6 2 0 7 ,1 3 4 2 ,0 3 4 ,4 6 2 2 ,1 2 4 ,8 1 4
C am d en & A tl.. J u l y ..........
1 3 9 ,6 1 4 1 4 9 ,6 6 1
4 6 5 ,4 8 7 M ont. & M ex. G li A u g u s t .. .
4 8 4 .1 4 7
8 5 ,0 0 0
J u ly ......
648,4 7 1
7 1 ,5 4 6
6 0 7 ,7 6 0
O a n ad ia n P a c itio 4 th w k A u g 5 3 0 .0 0 0 5 8 9 ,0 0 0 11,2 6 5 ,3 7 8 1 3 ,1 9 6 ,8 9 0 N a sh .C h .& S t.L .
3 5 0 ,6 7 4 4 1 1 ,6 9 0 2 ,6 0 2 ,2 1 3 2 ,8 6 9 ,0 4 6
O a r.C u m .G * C h . M a y .
5 .5 5 2
1 9 ,2 2 0 N e v a d a C en tra ) J u l y ..........
2 3 ,2 8 7
3 ,3 5 7
2 ,343
J u n e ........
4 ,2 7 4
1 3 ,217
2 4 ,4 5 1
_
O ar. M id la n d _ J u ly .
8 .2 7 1
3 1 .2 9 8 N. J e r e y
2 9 ,8 9 7
7 ,7 8 8
19.435
2 0 ,306
4 2 ,7 9 9
4 1 ,971
C e n tra l o f N . J . . J u ly .
1 ,1 2 0 ,9 6 3 .2 8 1 ,4 6 9 6 ,8 7 6 ,2 4 9 8 ,4 1 8 ,3 3 6 N ew Osrl.& &N.Y. F e b ru a ry
So’n . J u l y ..........
5,882
5 4 ,3 4 6
7 ,4 7 4
7 1 .5 1 9
C e n tra l P a c ific .. J u n e
1 ,1 5 5 ,0 5 0 ,3 0 8 ,2 2 5 6 ,0 2 1 ,8 0 5 6,7 5 1 ,7 7 1 N .Y .C .& H .R ...
C e n tra l o f 8. C .. M a y .
4 , 9 '4
4 7 ,3 0 5 N. Y . L. E . * W A u g u s t ... 3 .894,468 4 ,0 6 3 ,9 1 2 .6 ,8 5 3 ,3 2 6 3 0 ,6 6 0 ,9 5 7
4 1 ,7 8 1
7 ,9 4 9
C h ar.C in .* C h ic . J u ly .
9 1 ,7 6 2
1 0 ,2 6 6
8 8 .6 6 7 N. Y .P a .& O h io .. J u l y .......... 2 ,020,224 2 ,5 1 4 ,6 6 0 1 3 ,399,280 1 7 ,0 0 3 ,0 1 7
1 1 ,1 7 0
4 6 0 ,2 9 8 6 0 9 ,3 1 7 3 ,0 1 2 ,9 2 1 4 ,1 8 8 ,2 3 3
C h a r le s t’n& S av M ay .
3 2 4 ,3 0 7 N. Y . O n t. & W . J u l y ..........
3 1 2 ,7 1 7
4 5 .5 1 0
59 ,2 7 1
C h ar. S u m .* N o. J u ly .
8.000
9 1 ,3 9 9 N .Y .Susq. * W .. 4 th w k A u g 1 3 0 ,4 0 4 133,7 2 8 2 ,4 9 2 ,8 9 6 2 ,5 9 4 ,8 8 0
8 7 ,3 3 6
8 .5 0 0
J u n e .......... 157,5 0 1 165,153
8 0 3 ,0 5 5
8 3 2 ,6 3 6
C h a t’q u a L a k e .. J u n e
2 6 ,8 6 6 N o rf.& S o u th ’n
1 9 ,4 1 3
3 ,8 5 6
5 ,6 1 6
3 1 ,4 6 9
J u l y ............
266,4 2 7
3 4 ,7 1 8
2 6 8 ,8 7 1
C h e ra w .& D a rl.. J u n e
4 ,2 6 5
4 8 ,2 4 9
4 0 ,5 9 0
5 ,2 5 5
G hes.& O h io .... 4 th w k A u g 2 9 4 ,9 9 7 2 9 6 ,2 9 1 5 ,8 6 6 ,2 1 8 6 ,6 9 5 ,8 8 8 N o rfo lk & W est. 4 th w k A u g 2 0 7 ,3 0 3 1 6 3 .9 7 0 6 ,5 6 1 .9 7 1 6 .6 4 2 ,5 5 3
N’t
(S.C.)
4 4 ,0 4 1
2941390
5 5 ,4 6 9
3 3 2 ,8 7 5
C hes. O. &So.W . J u ly
1 6 5 ,3 5 9 1 8 0 ,9 1 6 1 ,1 2 3 ,2 7 1 1 ,3 4 2 ,5 2 1 N o h e a s t’nen tra l. M a y ............
J u l y ............ 4 9 9 ,9 1 8 5 6 6 ,1 6 5 3 ,1 9 7 ,0 6 5 4 ,0 6 0 ,7 1 6
O hio. B u r. & N o. J u ly
9 0 1 .5 6 3 1 ,3 5 2 ,1 3 8 N o rth ’n C c
1 0 2 ,8 4 6 1 7 4 ,8 7 3
rth ’n
C hic. B u r. & Q .. J u ly
2 ,4 5 6 ,5 9 5 ,9 4 9 ,3 7 4 1 7 ,6 1 6 ,7 3 5 2 1 ,9 2 5 ,3 8 3 O conee P aWifio . 4 th w k A ug 7 0 3 ,5 4 5 532.2 1 9 8 ,5 0 9 ,9 7 5 1 2 ,7 9 4 ,0 0 8
& est. J u l y ............
2 ,053
1 7 ,642
2 ,626
9 ,9 4 3
C h ic .* E a s t. I l l . 4 th w k A u g
9 8 ,1 3 2
1 1 0 ,520 2 ,0 6 1 ,2 1 4 2 ,8 8 5 ,5 9 2 O hio iv r
1 7 .097
4 0 7 ,3 6 0
1 9 .1 3 4
4 9 8 ,3 1 2
C h ic a g o * E r ie . J u ly
158*533 2 6 8 ,«60 1 ,2 3 4 ,1 2 3 1 ,7 1 7 ,1 7 0 O hio R o ueth.......... 3 d w k A u g
S
e r n .. 4 th w k A u g
2 2 ,2 5 1
1 9 ,318
C hic. G t. W e st’n 3d w k A u g
8 4 ,1 1 2 2 , 141 7 0 2 2 .6 1 3 841
8 3 ,6 6 7
2 4 ,0 6 4
2 0 5 ,7 2 1
4 4 ,6 4
2 8 7 .7 8 5
C h io .M il.& S t.P i 4 th w k A u g 8 8 7 ,6 6 7 8 0 6 ,1 8 4 1 7 ,9 5 0 ,5 7 7 2 1 .2 1 1 ,5 6 2 O m a h a & S t. L . . J u n e ..........
C hlo.& N ’th w ’n / J u ly
2 ,2 0 8 ,1 9 3 ,« 6 9 ,4 2 1 6 ,1 7 t,9 - 6 1 8 ,7 2 ,342 O re g o n Im p . Co. J u l y ............ 3 7 6 ,9 6 0 3 5 7 ,6 5 3 2 ,1 8 2 ,8 1 9 2 .1 7 4 ,0 6 4
P e n n s y lv a n ia ... J u l y ............ 4 ,759,325 5 ,5 5 2 ,0 4 7 3 1 ,0 7 ,5 0 2 3 9 ,4 3 7 ,4 6 4
O hio.Peo.& S.L... 4 th w k A u g
6 9 9 ,1 4 5 P e o ria D e e.& B v
5 7 9 ,7 9 4
2 5 ,0 6 5
2 0 ,4 5 0
3 4 .2 8 3
4 th svk A u g
2 7 ,3 1 4
543,3 1 8
Ohio. R ’k I . & P . . A u g u s t
5 9 7 .0 7 7
1 ,5 4 6 ,7 6 6 .8 0 2 ,7 1 2 1 0 ,5 9 8 ,0 0 9 1 2 ,3 3 9 ,3 8 0
4 3 ,3 6 8
4 9 ,7 0 0
2 7 4 ,5 8 7
2 9 3 ,9 0 8
0 hie.S t.P .M .& O . J u l y . . .
4 0 8 ,0 4 6 5 5 6 ,2 0 3 3 ,9 5 0 ,1 1 4 4 ,4 2 2 ,4 7 4 P e te rs b u rg ......... J u n e ..........
P h ila . & E r i e .. . J u n e .......... 3 4 3 .6 9 8 558,5 9 1 1 ,6 9 7 ,9 4 3 2 ,5 5 0 ,0 3 0
C hic. & W. M ich. 3 d w k A u g
3 2 .7 0 6
9 5 5 ,0 8 9 1 ,1 8 9 ,3 5 4
3 3 ,2 3 3
C ln. G a. & P o rts . J u ly .
3 8 ,1 2 4 P h ila .& R e a d ’g . J u l y . . . . . . . 1 ,7 7 9 ,0 1 4 1,867,378 1 1 ,0 8 8 ,5 6 7 1 2 ,9 4 2 ,3 1 4
3 7 ,2 2 3
■6 ,3 0 5
5 ,4 9 4
C o a l& Ir. C o ... J u l y ............ 1.6 3 9 ,8 7 5 1,640,402 11,865,713 1 3 ,0 0 3 ,4 0 8
C in.& K e n t. Sou J u n e
422
7 ,1 1 5
4 ,9 6 7
990
T o ta l b o th Cos. J u l y ............ 3,4 1 8 ,8 8 9 3 ,5 0 7 ,7 8 0 2 2 ,9 5 4 ,2 8 0 2 5 ,9 4 5 ,7 2 2
O in. J a c k * M ac. 4 th w k A u g
4 4 9 ,8 6 4
4 1 2 ,3 2 2
2 3 ,6 5 0
1 7 ,5 9 6
P it ts . M ar. * C h . J u l y ............
2 ,744
18,181
2 ,9 1 8
O in.N . O .& T .P . J u l y
22,666
2 6 3 .0 0 0 3 3 0 ,2 3 6 1 .9 0 6 .0 0 0 2 ,3 3 9 ,2 o l
4 1 .0 9 7
2 0 9 ,7 8 4
5 4 ,7 9 8
A la . G t. S o u th . J u ly
2 5 3 ,5 3 7
7 5 s 0 0 0 1 ,0 0 8 ,9 3 9 P itt.S h e n .* L .E . J u l y ............
100.000 1 3 1 ,0 2 7
P itts b . & W est-. A u g u s t___ 1 4 3 ,8 0 9 116,661
838.9 5 1
N .O rl. & N . E. J u ly
9 8 6 ,3 7 0
7 8 9 ,7 2 6
9 4 .0 0 0
6 2 0 ,0 0 0
7 1 .0 0 0
P itts . C l.& T oi. A u g u s t___
7 1 ,19d
6 1 ,2 5 8
4 1 4 ,3 7 8
A la . & V icksb. J u l y
5 5 5 ,1 6 4
37;o o o ' 2 7 0 ,0 0 0
3 4 .0 0 0
3 0 3 ,8 4 6
P it ts . P a . & F . A u g u s t___
3 8 ,9 3 7
24,561
1 9 4 ,0 7 2
V ic k s. Sh. & P . J u l y
2 1 7 ,2 7 8
2 8 3 ,5 5 2
3 8 .0 0 0
3 7 .0 0 0
2 7 4 ,0 0 0
T o ta l s y ste m .. A u g u st* . . .
2 5 3 ,9 3 9 2 0 5 ,4 8 0 1 ,4 4 7 ,9 7 1 1 ,7 7 0 ,1 0 6
E r la n g e r S yst. J u l y
5 0 6 ,0 0 0 6 2 9 ,2 6 3 3 .8 2 3 .0 0 0 4 ,7 2 5 ,3 1 4
9 2 ,101 1 8 8 ,8 3 0
&
4 4 7 ,3 3 8
C in .P o rts . & V.. J u ly
7 2 5 .7 8 5
2 3 ,8 9 4
1 3 7 ,5 8 4
152 ,8 2 7 P it t. Y oung. < A . J u n e ..........
2 0 ,2 6 9
1 7 .8 0 0
1 5 8 ,5 9 0
17,871
Col. & M aysv. J u ly
1 6 4 ,8 9 4
8 ,152 P t. R o y a l * A ug. J u l y ............
1 ,353
5 ,8 7 2
966
P t.R oy.& W .C ar. M a y ............
1 9 ,441
2 1 ,0 8 5
1 4 8 ,6 8 8
C lev.A kron& C o. 4 th w k A u g
1 4 1 ,3 3 0
2 4 ,9 5 1
2 4 ,2 8 1
Q uincy O .& K .C . J u l y ............
17,638
2 2 ,951
1 2 8 ,6 3 6
Clev. C an. & S o . 2d w k A u g
1 5 5 ,1 3 4
1 7 ,0 2 0
1 6 ,5 1 *
6 6 ,1 6 4
3 6 3 ,8 4 1
8 1 ,079
4 2 2 ,4 7 2
C LC in.C h.& S.L . 3d w k A u
2 6 5 ,8 4 9 2 7 4 ,7 8 4 7 ,6 4 0 ,5 5 1 8 ,6 7 7 ,0 1 2 K ic h .F r’ksb.& P . J u n e ..........
2 9 ,3 5 2
3 2 ,8 7 6
167,998
P e o . & E a s t ’n. J u ly
1 8 5 ,2 9 7
9 5 6 .8 9 9 R ich. & P e te rs b . J u n e ..........
1 2 7 .4 5 3 1 4 3 ,3 3 0
8 4 0 ,7 8
1 4 ,493
8 ,125
231,448!
Col. N ew b . & I.. J u n e
3 4 9 ,5 4 5
4 2 ,2 2 4
3 3 ,611 R io G r. S o u th ’n . 4 th w k A ug
3 ,7 7 1
4 ,4 6 1
3 8 .8 0 0
R io G r.W e st’n .. 3d w k A ug
4 1 ,0 0 0 1 ,2 1 2 ,9 5 7 ' 1,424,328Col. H . V. & Tol. A u g u s t___ 3 4 0 ,5 3 6 2 1 6 ,5 4 7
12.002
S ag.T uscola& H . J u l y ............
1 5 ,0 7 0
65,’659
C o l.S an d ’y & H 4 th w k A u g
7 3 ,3 8 0
3 5 ,5 7 4
3 3 .5 2 5
7i 140
8 .632
4 1 ,9 9 5
C o lu sa & L a k e .. J u ly .
4 7 ,1 3 0
12 555 Sag. V al. & St. L. jJ u n e ..........
8 ,467
2 ,« 00
800
3 6 ,9 8 0
837,3 4 1 1 ,0 3 0 ,6 7 0
4 1 ,1 6 0
C r y s ta l................ J u n e
8 241 St. L. A . & T. H. 4 th w k A u g
5 ,0 3 6
753
1 ,3 0 7
1,901
15,216
2 .135
O tunb ’ld V alley J u n e
1 5 ,9 1 6
4 2 7 0 7 4 S t.L .K e n ’e t* S o . J u l y ............
3 5 1 .8 0 0
8 3 ,8 3 0
6 6 ,4 4 0
9 8 ,2 0 0 2 ,5 7 4 ,3 9 1 3 ,0 5 7 ,4 2 0
C u r r e n t R iv e r. 3d w k A u g
76 408 St. L. S o u th w ’r n . 4 th w k A ug 1 3 2 .0 0 0
7 7 ,4 8 3
1 ,878
2 ,3 6 1
7 4 2 ,9 6 3
D e n y . & R io G r 4 th w k A u g 2 0 4 ,9 0 0 3 6 5 ,6 0 0 4 ,1 0 6 ,9 3 0 5,256 626 S t.P a u l& D u l’tb J u l y . .......... 1 1 5 ,8 7 9 1 5 1 ,8 4 1
9 7 9 ,2 9 1
6 8 1 ,3 5 2
D e t.L a n s ’g&No 3 d w k A u g
8 5 3 ,2 5 6
748, 529 S an A n t.« A .P J u n e .......... 117,7 6 8 146,3 6 2
2 2 ,3 2 8
6 4 8 ,5 9 8
2 5 ,0 0 9
1 9 ,5 5 0
4 9 6 .9 5 2
1 9 ,328
D u lu th S .S .& A ti 3 d w k A u g
5 1 2 ,8 3 8
4 0 .5 2 5
4 5 .3 5 8 1 ,0 5 4 ,5 6 7 1,411 3 8 5 S .F ra n .& N .P a c . 3 d w k A u g
3 2 ,4 9 0
2 4 0 ,4 4 5
3 5 ,368
D u l u t h * W inn.. M a y ............
2 9 7 ,8 0 2
106, 510 S av. A m . & M on J u l y ............
5 0 ,4 8 6
2 5 ,3 4 5
8 ,773
E .T e n n .V a .* Ga 4 th w k J u ly 1 2 3 ,6 2 3 1 5 1 ,1 0 0 2 ,8 2 5 ,9 4 5 3 ,2 8 9 035 S a v .F ia . & W est J u n e .......... 2 2 8 ,5 9 9 2 6 6 .4 8 2 1,58 *,912 1 ,6 2 7 ,1 9 1
4 .0 2 0
1 5 9 ,2 5 7
5 ,1 4 3
E lg in . J c l. &E a s i A u g u s t___
1 6 2 ,5 4 8
6 5 2 .8 4 0
597, 085 8 h e r.8 h re v ,& So 3 d w k A u g
9 6 ,4 0 2
7 1 ,1 6 7
5 ,5 0 0
6 ,3 7 2
1 5 ,597
E u r e k a S p rin g s. J u n e ..........
3 3 ,9 7 5
3 3 ,6 5 3
41, 908 Sil v e r to n ............. J u l y ............
7 ,6 1 0
6 ,1 7 4
1 7 ,5 0 6
6 2 ,2 2 0
2 3 ,3 9 0
E v a n s & ln d ’p h s .id w k A u g
7 2 ,8 1 0
1 7 1 ,9 8 7
7 ,1 0 8
6 .5 4 6
233 568 S io u x C ity & No. M arch ........
E v a n s . & R ic h .. 3d w k A u g
691 So. P a c ific Co.—
6 5 ,9 2
8? ;
2 ,2 9 5
2 ,188
G a l.H a r.& S .A J u n e .......... 2 5 4 ,6 5 5 3 1 9 ,6 1 3 1 ,8 9 0 ,2 7 8 2 ,1 6 9 ,7 0 1
Evuxisv. & T. H. d w k A u g
815! 888
6 7 8 ,4 0 5
28 ,0 1 1
2 6 ,5 3 2
4 5 1 ,4 9 4
6 0 ,1 2 6
L o u is ’a W e s t. J u n e ..........
8 8 ,3 3 7
F itc h b u r g ............ J u l y ............ 5 8 8 ,5 3 5 6 4 4 ,7 1 1 3 ,7 6 4 ,4 6 3 4 ,308 841
5 6 5 ,3 4 7
M o rg a n ’sL& T J u n e . . . . . .
3 9 9 ,6 *4 397, w29 2 ,6 3 4 ,2 0 0 2 ,5 9 4 ,7 7 0
F li n t & P .M a rq . 4 th w k A ug
6 8 ,6 5 4
6 5 ,1 0 3 1 ,5 8 9 ,4 4 0 1 ,914 103
16,243
N .Y .T .& M e x . J u n e ..........
2 1 ,5 4 4
1 0 6 ,0 7 9
264
7 6 ,6 1 2
F lo r e n c e .............. M a y ............
1 1 3 ,5 6 0
70,
1 2 .0 3 4
1 1 ,2 6 0
9 1 ,5 8 3 1 4 1 ,1 2 8
T e x . & N . O rl.. J u n e . . r . . .
7 3 *,795
9 3 3 ,2 4 1
F ld .C n t. & P e n h J u l y ............ 1 5 7 ,1 3 4
996, 514
9 7 ,7 9 5 1 ,4 7 6 ,4 1 0
A tla n tic sys.ft. J u n e .......... 8 2 6 ,4 3 8 9 7 4 ,»24 5 ,8 6 6 ,2 6 8 6 ,4 3 4 ,9 2 2
212 , 5 6 4
F t . W . & R io G r J u l y ............
1 3 3 ,3 3 9
2 3 .0 3 4
1 3 ,1 1 9
P a c ific sy ste m I u n e .......... 2 ,5 5 9 ,7 7 7 3 ,0 3 8 ,4 3 9 1 4 ,8 2 6 ,5 5 5 1 6 ,7 2 6 ,1 3 6
© ad s. & A tt. U ... J u ly
6! 007
3,7w9
662
886
T o ta l of a l l .. J u n e .......... 3 ,3 8 6 ,2 1 5 4 ,0 1 3 ,2 6 3 2 0 ,6 9 2 ,8 2 3 2 3 ,1 6 1 ,0 5 8
846 597
G e o rg ia R R ........¡4 th w k A u g
79 6 ,5 9 1
3 2 ,4 3 9
3 5 ,0 9 3
So. P a c o f Cal J u n è .......... 6 7 1 ,5 6 6 89O.80O 4 ,5 2 1 ,3 4 0 5 ,1 0 4 ,7 8 1
3 7 3 ,7 0 2
© a . C a r’la & No J u ly
273 936
3 1 ,3 6 2
3 9 ,1 7 5
S o .P a c .o f A riz J u n e ___:.
147,508 1 6 6 ,9 1 4
9 9 0 ,9 8 0 1 ,0 5 8 ,1 3 8
4 7 9 532
4 9 8 ,0 2 9
G eo. S o .* F l a . .. J u l y . . . —
7 5 .1 9 7
6 4 ,8 3 8
7 1 ,0 9 2
S o .P a c .o fN .M . J u n e . . . . . .
4 5 5 ,7 6 6
7 4 ,5 4 3
5 0 1 ,5 4 2
© r. R a p . & In d . 3 d w k A u g
3 9 .3 5 8 1 ,1 6 6 ,7 8 5 1,462 577
4 1 ,0 4 8
S o u th B o u n d ...
127,279
17, 24
a y ........ ft1 ’ 1 9 ,3 8 7
9 8 ,0 9 1
292 767
C in .R .* F t.W 3 d w k A u g
2 4 2 ,8 8 1
7 ,7 0 7
9 ,181
68,000
5 8 7 ,6 3 9
8 1 ,1 9 5
6 7 9 ,0 4 9
3 0 ,7 0 3
T r a v e rs e C ity . 3d w k A ug
973
33 853 S o u th C ar. & G a. J u n e ..........
969
66«
5 ,6 l 9
7,743
1 2 ,8 3 5
94 ,3 7 2 . S o u th & N o r.C a r. M a y ............
2 .5 0 9
6 5 ,1 8 7
2 ,6 6 5
M us. G . R . & 1 3 d w k A u g
9,448
9,251
6 4 ,5 0 1
5 5 ,1 7 5
T o ta l all Up»»; /3 d w k. A u g
53.711
5 0 ,6 9 9 1 ,5 0 5 ,5 5 6 1,888 ,5 6 9 < S n a r.U n . & C ol. J u n e ..........

% \ % iz llx Q m u .

R A IL R O A D




E A R N IN G S .

S eptem ber

THE CHRONICLE.

8, 1 >94.1
Latest E a rn in g s Reported.

R o a d s.

Week or Mo

1894,

1 8 93.

. Ja n . 1 to L atest Date.
18 9 4 .

S o u th e rn R y .R ich. & D a n .
C h ar. C. & A. 4 th w k A u g 4 4 1 ,6 3 3 3 6 2 ,5 6 8 9 ,6 3 6 ,3 6 1
Col.& G r’n v.
E . T .V a. & G .
39,671
3 4 ,5 2 6 1 ,1 5 5 ,7 7 2
G e o rg ia P a o .. 4 tliw k A u g
T o t a l . , ......... 4 th w k A u g 4 8 1 ,3 0 4 3 9 7 ,0 9 4 1 0 ,7 9 2 ,1 3 3
6 1 8 ,5 8 4
1 5 5 ,9 6 7 1 4 7 ,1 4 9
S ta te n Isl. R . T. J u l y . . . . . . .
1 2 ,8 9 3
4 ,9 9 8
5 ,8 2 4
B tonyC l.& C M t.. J u n e . . . . . .
5 2 5 .5 5 5
6 3 ,2 6 9
9 0 ,3 0 7
S u m m it B ra n c h . J u l y ............
4 6 7 ,8 9 8
8 6 ,0 5 3
5 8 .2 8 8
L y k e n s V alley J u l y ............
9 9 3 ,4 5 3
T o t’l b o t h Co’s J u l y ............. 1 2 1 ,5 5 7 1 7 6 ,3 6 0
T e x a s & Pacific. 4 th w k A u g 1 8 9 ,5 7 6 1 6 2 ,6 4 3 3 ,8 9 7 ,3 3 3
2 3 ,2 0 6
2 ,7 3 1
4 ,7 1 7
Tex.S.Val<feN.W J u l y .............|
6 8 0 ,8 8 5
3 6 ,7 1 8
2 9 ,2 4 8
T ol.A .A .& N o.M . 4 th w k A u g
7 8 ,6 5 8
5 0 ,2 9 1 1 ,0 7 0 ,3 1 8
T01.& O hio C e n t. 4 th w k A u g
5 3 2 ,6 7 4
2 2 ,2 7 2
2 2 .2 8 8
ToL P . & W e s t.. 3 d w k A u g
9 7 3 ,8 6 3
4 6 ,4 6 0
5 7 ,0 6 7
Xol. S t. L .& K . C. 4 th w k A u g
1 7 4 ,8 9 6
4 0 ,0 8 9
U ls te r & D e l . . . . J u n e ...........I 3 8 ,3 9 3
U nion P a c ific —
U n. P a c . R R .. J u n e . ..o r . 1 ,1 8 8 ,1 9 7 1 ,5 3 0 ,2 8 7 6 ,5 6 5 ,7 1 0
O r.S.L . & U . N J u n e . . . . . . j 3 8 6 ,6 1 4 6 1 0 ,1 4 7 2 ,3 5 0 ,9 0 7
9 7 ,6 7 7 3 3 7 ,9 6 1 1 ,2 2 8 ,0 9 1
O r.R y .& N .C o
Q. P a o . D .& G . J u n e ..........j 2 0 0 ,2 1 6 3 2 1 ,6 5 1 1 ,3 0 7 ,4 7 4
5 1 3 ,6 5 4
7 4 ,0 4 4 1 2 0 ,1 7 4
F t W’th & D .C . J u n e ..........
4 1 0 .5 5 6
7 3 ,9 9 9
5 4 ,1 1 8
St.Jos.& G d.T s. J u n e ..........
5 8 ,6 5 6
7 ,5 5 3
1 3 ,4 6 4
K an .C .& O m . J u n e ..........
5 9 6 ,0 7 7
2 1 ,5 7 6
2 7 ,4 5 3
T o t.B tJ .& G .I . 4 th w k A u g
2 1 1 ,1 5 8
3 2 .0 6 8
2 6 ,8 2 3
C e n t.B r............ 'J u n e J . . . . .
A c h .C o l.& P .> J u n e ..........
1 9 2 ,4 7 2
3 4 ,0 5 7
2 6 ,3 1 6
A c h .J.C .& W 5 i
1 8 6 ,3 3 2
9 4 ,0 9 9
3 5 ,5 4 5
M o n ta n a U n .. J u n e ...........|
2 1 ,0 3 5
2 ,7 0 3
2 ,5 4 6
M an .A l.& B u r. J u n e ...........1
G F d to ta l.* c J u n e .......... 2 ,2 4 5 .5 9 3 3 ,3 4 3 ,8 8 0 1 4 ,0 2 5 ,5 8 1
W a b a s h ................ 4 tliw k A u g 4 2 0 ,0 0 0 4 3 4 ,0 0 0 7 ,3 2 9 ,2 2 7
8 2 ,4 1 5
1 3 ,6 4 4
1 5 ,1 8 8
W aco & N o rth w . J u n e ..........
8 6 2 ,8 8 3
W est J e r s e y ........ J u l y ............ 1 8 8 ,5 1 4 2 0 1 ,4 7 5
5 4 3 ,8 9 3
9 0 .0 6 8
1 0 7 ,7 4 3
W .V .C e n .& P itts J u l y . . . . . . .
1 4 7 ,6 8 1
3 9 ,3 0 9
3 4 ,2 5 6
W est V a .& P itts . M a y ............
2 4 3 ,8 2 2
3 3 ,2 6 4
3 7 ,9 6 8
W e s te rn o f A la .. J u n e .........
6 6 0 ,0 5 8
W est. M a ry la n d . J u l y ............ 1 2 0 ,7 2 0 1 1 2 ,0 2 7
6 5 ,0 0 0 1 ,8 5 0 ,3 9 2
7 3 ,3 0 0
W est.N .Y . & P a . 3 d w k A u g
7 5 8 ,8 5 4
4 3 ,1 5 4
4 2 ,9 6 5
4 th w k A u g
W heel. & L. E rie
9 ,3 5 4
2 ,0 7 9
1 ,739
W il.C had.& C on. M a y .........
2 5 0 ,7 8 4
4 4 ,5 0 0
3 6 ,3 » 3
M a y . ..........
W il. Col. & A ug.
4 4 ,1 0 3
5 ,1 9 4
7 ,9 6 0
W rig h tsv . & T en . J u l y ............

10,1 7 2 ,9 4 4
1 ,2 1 1 ,7 7 1
11,3 8 4 ,7 1 5
6 0 3 ,2 7 5
1 4 ,8 6 0
7 4 2 ,6 0 7
6 3 9 ,2 9 3
1 ,3 8 1 ,9 0 0
4 ,2 0 6 ,0 0 9
3 0 ,8 6 7
6 8 4 ,7 4 6
1 ,2 8 0 ,2 3 3
5 9 5 ,1 5 6
1 ,192,075
1 8 0 ,4 4 8
8 ,5 0 5 ,9 9 0
3 ,1 9 9 ,5 1 7
1 ,8 5 5 ,5 1 0
1 ,9 9 0 ,0 2 4
7 6 0 ,8 6 6
5 0 7 .9 9 0
9 0 ,2 6 1
7 6 9 ,1 1 3
2 4 7 ,6 3 5
281*660
4 1 7 ,1 7 6
2 0 ,9 7 1
1 9 ,1 8 7 ,3 9 6
8 ,9 2 8 ,2 0 3
9 5 ,6 2 5
9 7 4 ,4 0 1
7 0 2 ,3 6 3
1 5 6 ,2 5 9
2 2 8 .9 9 1
6 6 8 ,5 9 7
2 ,3 0 7 ,6 1 5
1 ,0 1 1 ,7 0 0
9 ,6 9 3
2 9 1 ,8 7 2
4 2 ,4 1 0

Latest Gross Earnings by Weeks.—The latest weekly earn
ings in the foregoing are separately summed up as follows:
Our preliminary statement of earnings for the fourth week
©f August covers 47 roads and shows a gain of 7 49, per cent.

A tc h . T op. & S a n ta F o ...
Bt. L o u is & S a n F r a n .
C o lo rad o M id la n d ........
B a lt. & O hio S o u th w e s t.
B u ffa lo R o ch . & P i t t s b ’g .
C a n a d ia n P a c ific ................
C h e s a p e a k e & O h io ..___
C h ic a g o & E a s t. Illin o is .
C h icag o M ilw . & S t. P a u l.
C h ic. P e o ria & S t. L o u is.
C in . J a c k s o n & M ack in aw
C lev e, A k ro n & C o lu m b u s
Col. S a n d ’sk y & H o c k in g .
D e n v e r & R io G r a n d e .. . .
F li n t & P e r e M a r q u e tt e G ra n d T r u n k o f C a n a d a .
I n t e r n ’l & G t. N o rth ’n . . .
K a n a w h a & M ic h ig a n . —.
L a k e E r ie & W e s te r n ___
L o u isv . E v a n s v . & S t. L
L o u isv ille & N a s h v ille ...
L o u is v ille N . A. & C hic
L o u isv ille S t. L. & T e x a s .
M e x ic a n C e n tr a l................
Mo. K a n s a s & T e x a s ........
Mo. P a c ific & I r o n M t___
N ew Y o rk O n t. & W est’n .
N o rfo lk & W e s te rn ..........
N o r th e rn P a c ific ...............
P e o ria D ec. & E v a n s v ...
Bt. J o s e p h & G d. I s la n d ..
8 t. L o u is A lt. & T. H a u te .
St. L o u is S o u th w e s te r n ..
S o u th e rn R a ilw a y .. -.1
R ieh m ’d & D a n v ille
C h ar. Col. & A u g ... V
C o lu m b ia & G re e n v .
E a s tT e n n . V a.& G a. J
G e o rg ia P a c ific _____
T o l.A n n A rb o r & N .M ic h .
T o led o & O hio C e n t r a l...
Tol. S t. L. & K a n . C ity ...
W h eelin g & L a k e E r i e . .
T o ta l (47 r o a d s ) ............
N e t in c re a s e 17-49 p .c .) ..

1894.

1893.

Increase.
$

Decrei se.
$
8 6 ,4 0 4
3 0 ,0 5 2

$
8 2 0 ,3 9 3
194,741
77 ,1 5 3
4 4 ,3 3 2
2 0 6 ,7 2 3
2 7 ,1 1 0
11 2 ,5 8 9
5 3 0 ,0 0 0
2 9 4 ,9 9 7
9 8 ,1 3 2
8 8 7 ,6 6 7
2 5 ,0 6 5
2 3 ,6 5 0
24 ,2 8 1
3 3 ,5 2 5
2 0 4 ,9 0 0
6 8 ,6 5 4
3 5 .0 9 3
3 7 3 ,7 7 3
9 4 ,9 2 5
1 0,764
1 1 7 ,1 6 9
4 3 ,0 0 6
5 5 6 ,9 9 0
9 5 ,7 7 0
12 .2 6 »
2 1 6 ,3 8 1
1 1 8 .3 1 3
3 2 4 ,9 5 4
7 3 5 ,0 0 0
1 3 0 ,4 0 4
2 0 7 ,3 0 a
7 0 3 ,5 4 5
2 2 ,2 5 1
3 4 ,2 8 3
14 ,4 9 3
2 1 ,5 7 6
3 6 ,9 8 0
1 3 2 ,0 0 0

$
9 0 6 .7 9 7
2 2 4 ,7 9 3
6 6 ,0 8 6
3 2 ,4 0 6
1 9 7 ,4 3 5
2 6 ,8 1 2
10 0 ,1 4 7
5 8 9 ,0 0 0
2 9 6 ,2 9 1
1 1 0 ,5 2 0
8 0 6 .1 8 4
2 0 ,4 5 0
1 7 ,5 9 6
24,951
3 5 ,5 7 4
1 6 5 ,6 0 0
6 5 ,1 0 3
3 2 ,4 3 9
3 8 8 ,3 0 5
9 0 ,2 0 9
10 ,2 7 7
9 5 ,2 4 6
4 5 ,0 3 1
4 9 3 ,8 5 0
1 0 2 ,5 7 9
1 2 ,6 9 2
1 9 0 ,6 9 3
1 0 9 ,4 9 4
2 4 0 ,7 7 8
6 7 8 ,0 0 0
1 3 3 ,7 2 3
1 6 3 ,9 7 0
5 3 2 .2 1 9
1 9 ,3 1 8
2 7 ,3 1 4
8 ,1 2 5
2 7 ,4 5 3
4 1 ,1 6 0
9 3 ,2 0 0

4 4 1 ,6 3 3

3 6 2 ,5 6 8

7 9 ,0 6 5

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

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

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

. . . . . . . .

9 ,0 1 7 ,9 4 1

8 ,3 3 9 ,7 1 5

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

2 4 3 ,2 1 7

1 1 ,0 6 7
1 2 ,4 2 6
9 ,2 8 8
298
1 2 ,4 4 2

81 ,4 8 3
4 ,6 1 5
6 ,0 5 4

........

5 9 ,0 0 0
1 ,2 9 4
12,388

""67Ö
2 ,0 4 9
3 9 ,3 0 0
3 ,551
2 ,6 5 4
4 ,7 1 6
487
21 ,9 2 3

1 4 ,532
..............
2,025

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

6 ,8 0 9
424

........
3 ,3 2 4
.... ...

5 ,8 7 7
4 ,1 8 0

1 4 ,0 0 0
189

1 894.

1 893.

P re v io u s ly r e p ’d (77 r ’ds)
E v a n s v ille < R ic h m o n d ..
&
I n d ia n a D e c a tu r < W est.
&
In te ro o e a n io (M e x .).........
OhiOvRiver.............................
S a n F r a n c is c o & N o. P ao .

$
6 ,9 8 4 ,8 7 0
2 ,295
1 0 ,757
46,01«
1 7 ,0 9 7
1 9 ,550

$
6 ,7 4 7 ,3 4 6
2 ,1 8 8
9 ,716
3 5 ,0 9 9
1 9 ,134
1 9 ,3 2 8

$
482,631
107
1,041
10,919

7,0 8 0 ,5 8 7

6,8 3 2 ,8 1 1

4 9 4 ,9 2 0
2 4 7 ,7 7 6

T o ta l >82 ro a d s )............
N e t in c re a s e (3-62 p. o.).

Decrease.
$
2 4 5 ,1 0 7

2 ,0 3 7

222

2 4 7 ,1 4 4

For the month of August 67 roads (all that have furnished
statements as yet) show aggregate results as follows:
Month o f A ugust.

1894.

1893.

Increase.

$
$
G ro ss e a r n in g s (67 ro a d s) 3 3 .8 7 1 ,8 8 4 3 3 ,3 6 8 ,6 7 7

Per Cent.

$
5 0 3 ,2 0 7

1-51

It will be seen there is a gain on the roads reporting in the
amount of $503,207, or 1*51 per cent.
The following will furnish a comparison of the weekly
results for a series of weeks past.
W EEKLY GROSS EARNINGS.

,--------- Changes, ---------A m ount.
1894.
1893.
P. ct.
$
$
9
4 ,2 9 5 ,7 2 6 6 ,3 4 1 .4 8 5 2 ,0 4 5 ,7 5 9 D ec. 3 2 2 6
4 ,5 2 2 , 104 6 ,1 3 7 ,4 0 5 1 ,6 1 5 ,2 0 1 D ec. 26-31
8 4 8 ,9 4 9 D ec. 12-41
6 ,3 4 0 ,8 9 5
5 ,9 9 1 .9 4 6
3 5 4 ,3 2 4 D eo. 3-90
8 ,7 2 9 ,6 9 2 9 ,0 8 4,C l 6
1 2 7 ,4 2 2 D eo. 1-91
6 ,5 2 3 ,1 4 0 6 ,6 5 0 ,5 6 2
7 ,6 6 0 D eo. O i l
6 ,6 1 0 ,1 0 3 6 ,6 1 7 ,7 6 3
3-62
2 4 7 ,7 7 6 Inc.
7 ,0 8 0 ,5 8 7 6 ,8 3 2 ,3 1 1
7-49
6 2 8 ,2 2 6 Inc.
9 ,0 1 7 ,9 1 1 8 ,3 3 9 ,7 1 5

Period a n d n um ber o f
roads included.

J u l y —1 s t w e e k (76 r ’ds).
“
2 d w e ek (72 r ’ds).
“
3 d w e e k (81 r ’d s).
“
4 t h w e e k ( 8 0 r ’ds).
A u g .—1 s t w e e k (83 r ’ds).
“
2 d w e ek (33 r ’ds).
8
3 d w e e k (32 r ’ds).
“
4 th w e e k ( 4 7 r ’d s).

For corresponding weeks last year losses were as follows,
the roads, however, not being quite the same as those included
in the present year’s comparisons :
,------------- ----- -------- -Loss L A S T Y E A R i n --------------------------- >
September.
A ugust.
3^1
Ju ly.

Dollars.

1 s t w eek . 2d w eek. ..
3 d w e ek
4 th w e e k . .

204,5 0 8
6 1 1 ,0 1 7
6 1 3 ,0 5 3
7 3 5 ,9 5 9

P. 01.

3 00
8-01
8 09
815

Dollars.

P . Ot.

9 8 3 ,0 5 4 1 1 2 -3 1
1 ,1 3 1 ,6 1 0 j 14-89
1 ,1 3 0 ,1 1 7 1 1 5 -9 5
1 ,9 2 6 ,1 1 5 17-02

Dollars.

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

P. Ot.
14.38
11-40
10-37
10-69

Net Earnings Monthly to Latest Dates.—The table fal
lowing shows the net earnings reported this week. A full
detailed statement, including all roads from which monthly
returns can be obtained, is given once a month in these
columns, and the latest statement of this kind will be found
in the C h r o n i c l e o f August 25. The next will appear in the
issue of September 22, 1894.
■Gross E a rn in g s.1 894.
$
Roads.
4 9 ,241
A la b a m a M id la n d __ J u n e >
2 7 0 ,4 6 4
J a n . 1 to J a n e 3 0 —
C hes. O. & S o’w n .b ....J u lyT 1 6 5 ,3 5 9
J a n . 1 to J u l y 3 1 . . . ., 1 ,1 2 3 ,2 7 1
7 4 3 3 ,8 6 1
. 3 ,4 9 1 ,4 3 0
1 0 0 ,1 1 9
G e o r g ia . a . . . ............... A ug ,
7 9 6 ,5 9 1
J a n . 1 to A u g . 3L — .
J u l y 1 to A ug. 3 1 . . — 182,428
G ra n d R a p . & I n d — J u ly ■ 2 0 9 ,2 6 1
J a n . 1 to J u l y 3 1 ----- 1 ,3 4 3 ,4 6 8
7 3 ,0 6 1
K a n . C. M em . & B .a ...J u l y5 7 2 ,3 3 8
J a n . 1 to J u ly 31 —
L a c le d e G as-L . C o ...A u g .
J a n . 1 to A ug. 31 —
L o u isv . & N a s h v . t».. J u ly 1 ,4 2 8 ,9 0 3
J a n . 1 to J u ly 3 1 — 1 0 ,6 4 7 ,3 1 6
L o u isv . N. A. & C .a . .J u n e 1 2 4 7 ,1 7 6
1 ,2 9 5 , L34
3 ,1 4 9 ,8 5 9
M ex ic a n C e n tr a l....... J u ly - 6 3 5 ,8 1 1
4 ,9 2 9 ,7 6 1
J a n . 1 to J u ly 3 1 . . . .
3 2 0 ,1 2 2
M ex ic a n N a tio n a l— J u ly
J a n . 1 to J u ly 3 1 : . . . 2 ,4 3 9 ,8 8 2
O re g o n Im p . Co. a .......J u ly r 3 7 6 ,9 6 0
J a u . 1 to J u ly 31 — 2 ,1 8 2 ,8 1 9
D eo. 1 to J u ly 31 — . 2 ,4 6 3 ,7 9 6
148 ,0 4 9
Rio G ra n d e W e s t . b .. J u l y •
J a n . 1 to J u ly 3 1 . . — 1 ,1 0 6 ,4 0 7
3 2 ,4 9 0
S a v .A m er. & M o n t.. J u ly
J a n . 1 co J u lv 3 1 . . — 2 4 0 ,4 4 5
S ay . F la . & W e s t . .. .J u n e 1 2 2 3 ,5 9 9
J a n . 1 to J u n e 3 1 ----- 1,5 8 9 ,9 1 2
J u ly 1 to J u n e 3 0 . . — 3 ,0 1 8 .4 4 4

1893.
$
4 7 ,3 6 0
2 3 8 ,0 8 6
1 8 0 ,9 1 6
1 ,3 4 2 ,5 2 1
4 7 8 ,8 9 1
4 ,7 8 7 ,3 2 6
9 8 ,9 9 0
8 1 6 ,5 9 7
1 7 9 ,8 8 2
2 3 8 ,1 0 8
1 ,7 3 1 ,0 5 7
7 2 ,8 9 5
6 2 0 ,1 7 8

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

-Ret E a r n i n g s *
1894.
1893.
$
$
8 ,7 6 2
6 ,8 8 1
6 ,3 5 7 d e f.7 ,4 6 7
6 7 ,665
5 5 ,1 7 5
3 5 3 ,3 2 6
4 6 0 ,9 2 6
1 3 5 ,5 9 3
1 1 0 ,7 1 3
1 ,2 7 7 ,5 6 2 1 ,8 8 8 ,9 3 2
3 3 ,5 1 9
3 7 ,0 4 6
t2 0 5 ,l5 7
U 5 3 .1 4 6
t4 8 ,0 7 1
t4 0 ,7 5 9
3 2 ,8 3 4
5 0 ,6 0 3
3 1 2 ,2 1 5
2 9 1 ,6 4 6
7 ,1 3 3 d e f. 6 ,3 0 5
6 3 ,6 2 4
6 6 ,1 9 9
4 8 ,0 8 5
5 3 ,1 1 3
4 6 0 ,6 2 4
4 7 1 ,3 8 1
5 3 6 ,7 5 4
5 4 0 ,5 9 0
3 ,7 7 6 ,5 6 5 4 ,0 4 6 ,4 2 9
6 6 ,0 6 3
1 1 8 ,2 2 7
4 8 8 ,5 6 5
3 6 5 ,7 0 0
1 ,0 1 7 ,8 2 2 1 ,0 6 0 ,6 2 1
1 6 1 ,0 3 9
2 1 8 ,1 6 5
1 ,5 9 5 ,1 1 5 1 ,5 6 0 ,6 8 6
* 1 2 0 ,2 0 8
* 127,756
*916 ,4 3 3
* 1 ,012,102
8 0 ,3 5 6
9 2 ,8 3 5
3 4 2 ,3 4 0
3 9 6 ,2 1 3
3 8 7 ,0 2 1
4 1 7 ,7 5 7
8 5 ,0 2 5
4 4 ,7 1 3
4 5 1 ,9 8 6
3 0 9 ,8 2 1
2 ,7 5 1
2 ,771
2 6 ,6 0 3
1 0 ,821
5 8 ,2 3 1
6 9 ,2 6 2
6 1 5 ,0 7 1
5 8 6 ,0 4 7
1 ,1 0 9 ,5 5 8 1 ,0 8 5 ,4 7 8

a N e t e a r n in g s h e re g iv e n a r e a f t e r d e d u c tin g ta x e s .
b N e t e a r n in g s h a re 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 o th e r e x p e n d itu re s f o r re p a ir s , r e p la c e m e n ts a n d
g e n e ra l expenses# n e t in c o m e a p p lic a b le to in te r e s t o n b o n d s in «julyw a s $ 6 2 ,5 3 8 . a g a i n s t $ 3 8 ,6 3 5 l a s t y e a r , a n d f o r s e v e n m o n th s to
J u ly 31 $ 4 9 7 ,2 8 4 , a g a in s t $ 4 9 4 ,9 3 3 l a s t y e a r. M e x ic a n d o lla rs a r e
tr e a te d a s e q u iv a le n t co 80 c e n ts U n ite d S ta te s m o n e y , a n d a ll d e p r e 
c ia tio n b e y o n d 2 0 p e r c e n t is c h a r g e d in th e a b o v e Ite m s . A d d in g
e a r n in g s re c e iv e d fro m F e d e ra l g o v e rn m e n t t o ta l n e t a v a ila b le f o r
in te r e s t f o r s e v e n m o n th s in M e x ic a n c u rre n c y o n t h e 80 c e n ts b a s is
w a s $ 5 7 4 ,9 5 3 , a g a in s t $ 4 9 4 ,9 3 3 l a s t y e a r.
t In c lu d in g o th e r in c o m e , n e t fro m J a n u a r y 1 to A u g u s t 3 1 w a s
$ 296,963, a g d u s t $ 2 9 1 ,7 2 5 , a n d fro m J u ly 1 to A u g u s t 3 1 $ 7 8 ,5 0 1 ,a g a in s t $ 5 7 ,9 6 2 .

Interest Charges and Surplus.—The following roads, in
addition to their gro3s and net earnings given in the foregoing,
also report charges for interest, &c., with the surplus or deficit
above or below those charges.
•
Inter't, rentals, <£c.— r-B al. o f Net E arns.T\
,
1 894.

Roads.

For the third week of August our final statement covers D e n v e r & R io G r’d e ..J u ly
Kan. C. M em . & B ir. J u ly
82 roads, and shows 3-62 per cent gain in the aggregate.



Increase

3 d week o f A ugust.

1893.

t I n c lu d e s M ilw a u k e e & N o r th e r n f o r a ll p e rio d s .
* F ig u re s g iv e n do n o t in c lu d e L e a v e n w o r th T o p e k a & S o u th w e s te r n .
a F ig u r e s c o v e r o n ly t h a t p a r t o f m ile a g e lo c a te d i n S o u th C a ro lin a
b In c lu d e s e a r n in g s fro m f e rr ie s , e to ., n o t g iv e n s e p a r a te ly , t M e x i
c a n c u rre n c y , c I n c lu d e s o n ly h a lf o f lin e s in w h ich U n io n P a c ific h a s
a h a lf in te r e s t. a In c lu d e s O hio & M ississip p i in b o th y e a r s . f I n
.J u n e a n d J u l y M il. L a k e S h o re & W e s te rn in c lu d e d f o r 1 8 9 4 , b u t n o t
f o r 1 8 9 3 ; f o r p re v io u s m o n th s th is r o a d is in c lu d e d in b o th y e a r s .

4 th week o f A ugust.

419

1893.

2 0 3 ,9 3 9
1 1 ,229

2 0 1 ,8 7 1 d e f.6 3 ,3 4 6 d e f.9 1 ,1 5 8
0 7 d ef. 4,091 d e f.4 5 ,4 1 2

1894,

1893.

420

THE CHRONICLE.
ANNUAL

REPO RTS.

Denver & Bio Grande Railroad.
( For the year ending June 80,1894.)
The annual report has been issued in pamphlet form for the
year ending June 30, 1894. The remarks of President E. T.
Jeffery ■will be found in full, together with valuable tables,
on subsequent pages of this issue.
Mr. George Coppell, Chairman of the Board of Directors,
in a circular accompanying the annual report, calls special
attention to the remarks of the President concerning'the diffi
culties which have beset the company during the period under
review, but from which the company emerges with a balance
in its favor, after satisfying all obligations, and with a better
prospect for business. Mr. Coppell also points out the fact
that ever since the incorporation of this railroad company on
July 12, 1886, its accounts have been verified annually by an
independent auditor appointed by the stockholders at each
annual meeting, and that his certificate will be found in each
report issued since that date.
Mr. Coppell states that it would be gratifying to the Direct
ors to have a large attendance of stockholders at the annual
meeting, to be held on the 16th of October, and everything
•will be done to facilitate such an attendance.
The following „comparative statistics have been compiled
for the C h r o n i c l e :
18 9 1 -9 2 .
1 ,6 1 0

18 9 2 -9 3 .
1 ,6 4 6

18 9 3 -9 4
1,654

303
2 ,5 2 8
4 ,5 6 6
107
141

300
2 ,5 4 3
4 ,4 9 3
107
137

293
2 ,5 4 2
4 .4 3 1
107
140

Operations -

Chicago Milwaukee & St. Paul Railway.
( For the year ending June 30, 1894J
The remarks of President Miller will be found at length on
another page, furnishing more particulars concerning the
property and the year’s ¡operations than could be given in a
condensed statement in this column.
The comparative tables of earnings, income account, etc.,
for four years have been compiled for the C h r o n i c l e a s
below. In 1893-94 the results include the Milwaukee *&
Northern Railway, not included in previous years.
OPERATIONS.

1890-91.
5 ,7 2 1

1891-92.
1892-93.
1893-94.
M iles o p e r. J u n e 3 0 .
5 ,721
5 ,7 2 4
6 ,1 4 8
E quipm ent *—
L o c o m o tiv e s ...............
801
798
797
835
P a s s e n g e r e q u ip m ’t .
678
684
738
785
F r e ig h t & m isc . c a r s
2 5 ,3 1 7
2 2 ,1 3 8
2 7 ,5 3 9
2 8 ,2 4 9
Operations —
P a s s e n g e rs c a r r ie d . 7 ,9 1 9 ,2 2 9
8 .0 2 6 ,9 0 6
8 ,2 7 9 ,1 5 8
7 ,9 2 1 ,8 8 2
P a s s , c a r rie d o n e m . 2 6 2 ,5 5 1 ,1 0 0 2 7 0 .8 1 7 .6 8 3 2 9 9 ,0 5 7 .3 5 6 3 3 7 .1 3 3 ,3 3 8
R a te p e r p a ss . p e r m .
2*391 c ts .
2*452 c ts.
2*387 c ts.
2*169 c ts .
F r e ig h t (tons) c a r ’d . 1 0 ,3 9 7 ,0 3 5 1 1 ,5 6 8 ,9 3 0 1 2 ,2 6 1 ,7 0 5 1 0 ,7 9 4 ,0 5 8
F r ’h t (tons) c a r. l m . t 1 ,3 9 5 ,6 3 5
2 ,2 6 5 ,9 9 3
2 ,3 7 8 ,4 7 0
2 ,0 7 7 ,8 6 9
R a te p e r to n p e r m ..
1*003 c ts.
1*026 c ts.
1*026 c ts.
1*037 c ts.
* I n c lu d e s n a rro w -g a u g e e q u ip m e n t,
t T h re e c ip h e rs (000) o m itte d .
EARNINGS AND EXPENSES.

1890-91.
$
P a s s e n g e r s .................
6 ,2 7 7 ,7 7 4
F r e i g h t ------. . . . . . . . . 1 9 ,0 1 2 ,1 5 9
M ail, e x p re s s , & c ... 2 ,2 1 4 ,2 9 1

E a rn in g s fr o m —

OPERATIONS, ETC

1 8 9 0 -9 1 .
M iles o p e r a te d (a v e ra g e )..........
1 ,5 7 9
E quipm ent —
L o c o m o tiv e s (st. & n a r . g au g e)
303
F r e ig h t c a r s (s ta n d a r d g au g e)
2 ,5 3 3
F r e ig h t c a r s (n a rro w g a u g e ) ..
4 ,7 3 4
P a s s e n g e r c a r s (s ta n d , g a u g e ).
96
P a s s e n g e r c a r s (n a r. g a u g e ) ..
151

[VOL. LIX -

P a s s e n g e rs c a r rie d (n u m b e r). 6 7 3 ,7 3 5 5 8 3 .8 3 3 6 8 6 ,8 8 9 4 3 8 ,8 3 8
F r e ig h t c a r r ie d (to n s )..............."2,093,660 1 ,9 0 4 ,2 5 5 2,488*079 1 ,7 3 9 ,2 5 3
EARNINGS AND EXPENSES.

1 8 9 0-91. 1 8 9 1 -9 2 . 18 9 2 -9 3 . 1 8 9 3 94.
$
«
$
$
F r e ig h t................................ . ...........6 ,1 8 9 ,3 6 0 6 ,0 1 7 ,0 4 4 6 ,5 6 9 ,5 7 3 4 ,5 2 9 ,1 6 3
P a s s e n g e r s ......................................1 ,7 3 5 ,5 2 8 1 ,8 6 5 ,2 3 2 1 ,7 8 2 ,9 2 7 I , l 7 5 , l e 5
M isc e lla n e o u s ................................ 9 2 6 ,0 3 3 9 4 8 ,6 7 0 9 6 5 ,1 4 6 7 7 1 ,6 9 6

T o ta l e x p e n s e s .......................5 ,5 1 0 ,3 0 3 5 ,1 2 1 ,5 9 3 5 ,2 8 2 ,0 8 4 3 ,9 7 2 ,5 5 1
N e t e a r n i n g s . . . . . ......................... 3 ,3 4 0 ,6 1 8 3 ,7 0 9 ,3 5 3 4 ,0 3 5 ,5 6 2 2 ,5 0 3 ,4 9 3
P e r c e n t o f e x p e n s e s to e a r n s . 62*26
58*00
56*69
61*34

T o ta l e x p e n s e s .. 1 8 ,3 6 6 ,5 0 0
N e t e a r n in g s ...........
9 ,1 3 7 ,7 2 4
P . c. o p. e x . to e a r n s .
66*78

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

2 0 ,1 1 4 ,3 3 2
1 1 ,2 1 3 ,6 1 9
64*21

BRLANCE SHEET JUNE 30.

1892.

1893.

1894.

Assets—
$
*
&
C o st o f r o a d ..........................................1 0 0 ,9 2 9 ,3 1 3 101 ,0 1 3 ,8 1 0 1 0 1 ,1 4 8 ,5 3 2
E q u ip m e n t........................... ................
6 ,0 7 9 ,5 4 0
,1 5 6 ,4 3 3
5 ,1 2 9 ,2 5 3
M a te ria ls a n d s u p p lie s
5 0 4 ,8 3 6
4 8 2 ,3 2 7
3 6 9 ,4 9 7
A g e n ts a n d c o n d u c t o r s . .. ..
2 3 7 ,9 4 0
2 6 3 ,7 8 0
1 8 8 ,9 3 1
B ills r e c e iv a b le ................... ..
3 9 0 ,0 5 0
3 5 ,0 0 0
3 4 ,8 0 0
I n d iv id u a ls a n d co m p a n ies.
4 1 1 ,9 8 1
2 8 5 ,7 3 0
2 3 7 ,5 0 7
S e c u ritie s in t r e a s u r y . ..........
8 4 9 ,5 3 0
.,2 0 0 ,6 1 5
1 ,5 0 3 ,7 1 1
S p e c ia l r e n e w a l f u n d ............
2 7 7 ,4 5 9
3 9 7 ,4 8 3
4 3 7 ,6 4 7
Miscellaneous accounts......
1 6 2 ,8 1 6
1 5 0 ,0 3 3
1 4 9 ,6 0 9
C a s h ....................... .................... .
4 2 7 ,5 5 7
5 0 3 ,9 4 8
3 8 3 ,1 7 8
T o ta l a s s e ts .
.1 1 0 ,2 7 1 ,0 2 1 1 0 9 ,4 3 9 ,1 6 4 1 0 9 ,5 8 2 ,6 6 5
L iabilities —
C a p ita l s to c k , c o m m o n ................... 3 8 ,0 0 0 ,0 0 0 3 8 ,0 0 0 ,0 0 0 3 8 ,0 0 0 ,0 0 0
C a p ita l sto c k , p r e f e r r e d ____. . . . . 2 3 .6 5 0 .0 0 0 2 3 .6 5 0 .0 0 0 23,650,0* 0
1 s t m o rtg a g e b o n d s, 7 p e r c e n t ..
6 ,3 8 2 ,5 0 0
6 ,3 8 2 ,5 0 0
6 .3 8 2 .5 0 0
1 s t cons. m o rt. b o n d s , 4 p e r c e n t. 2 8 .4 3 5 .0 0 0 2 8 .4 3 5 .0 0 0 2 8 ,6 5 0 ,0 0 0
Im p ro v . m o rt. b o n d s, 5 p e r c e n t.
8 ,0 5 0 ,0 0 0
8 ,0 5 0 ,0 0 0
8 .1 0 3 .5 0 0
B e tte r m e n t f u n d .................................
3 0 7 ,4 5 9
4 4 7 ,4 8 3
4 3 7 ,6 4 7
V o u c h e rs ...................................... .........
5 2 2 ,3 3 2
4 6 2 ,9 1 9
2 9 7 ,9 5 1
P a y -ro lls, e t c ..................................
4 0 1 ,9 0 4
4 2 5 ,1 8 0
3 2 5 ,4 2 6
L o a n s p a y a b le ..........................
7 1 5 ,0 0 0
5 0 ,0 0 0
B ills p a y a b le ......................... ..
1 4 1 ,9 5 2
100,000
T raffic b a la n c e s ...........................
4',929
4 6 ,8 5 Ì
1 2 ,3 0 0
A c c ru e d in te r e s t o n b o n d s ..........
1 0 8 ,0 0 4
1 0 8 ,0 0 4
1 0 8 ,2 2 7
C o u p o n s.................................
6 0 1 ,1 8 3
M isc e lla n e o u s .........................
2 1 9 ,2 5 5
2 2 7 ,8 7 8
2 4 0 ,8 7 6
T o ta l lia b ilitie s .......................... 1 0 7 ,5 4 4 ,3 8 0 1 0 6 ,8 3 3 ,8 5 6 1 0 6 ,9 5 9 ,6 1 0
B a la n c e to c r e d it of p ro fit a n d
lo s s, b e in g e x c e s s o f a s s e ts o v e r
a ll l i a b i l i t i e s .. .. .............................. 2 ,7 2 6 ,6 3 9
2 ,6 5 5 ,3 0 6
2 ,6 2 3 ,0 5 5

Tota1- ' .......... —

...................1 1 0 ,2 7 1 ,0 2 1 109,489,164 109 ,5 i2 ,e6 5




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

3 1 ,3 2 7 ,9 5 1

INCOME ACCOUNT.

1890-91.

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

1891-92.

N e t e a r n i n g s ............
O th e r in c o m e . ........

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

1892-93.
$
ll,4 8 o ,9 4 7
1 2 2 .U 0

18 9 3 -9 4 .
$
1 1 ,2 1 3 ,6 1 9
1 0 0 ,6 8 4

T o ta l n e t in c o m e
Dt* bursements —
I n t e r e s t o n d e b t........
7 p. c. o n p re f. s to c k
4 p. c. o n c o m m o n ..
M isc e lla n e o u s ............

9 ,5 5 6 ,1 4 9

1 1 ,7 0 5 ,8 5 8

1 1 ,6 0 9 ,0 3 7

1 1 ,3 1 4 ,3 0 3

7 ,2 3 7 ,2 5 2
1 ,5 3 2 ,1 5 2

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

8 4 ,2 1 7

Ü 2 4 Î4

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

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

T o ta l d is b u rs e ’t s
S u r p lu s .........................

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

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

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

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

Receipts—

GENERAL BALANCE SHEET JUN E 30.

Assets —

D u e fr
„
. .
1 8 9 0 -9 1 . 1 8 9 1 -9 2 . 1892-93. 1893-94. o m a g e n ts , e t c ...............
D ue fr o m cos. a n d in d iv id u a
Receipts—
$
$
$
$
D 3 ,4 9 3
N e t e a r n in g s .........................................................3 ,3 4 0 ,6 1 8 3 ,7 0 9 .3 5 3 4 ,0 3 5 ,5 6 2 2 ,5 0u e fro m U . 8. G o v e rn m e n t.
O th e r in c o m e .................................
1 8 ,4 4 7
6 3 ,5 5 0
5 4 ,5 7 5
10 300

T o ta l...........................................3,252,329 2,858,792 3 ,1 6 0 ,8 2 ? 2 ,4 2 6 o io
S u r p l u s . . . . ............ .......................... 1 0 6 ,7 3 3 9 1 4 ,1 1 1 9 2 9 ,3 0 9
8 7 ,6 6 3

$

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

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

INCOME ACCOUNT,

T o ta l........................................... 3 ,3 5 9 ,0 6 5 3 ,7 7 2 ,9 0 3 4 ,0 9 0 ,1 3 7 2 ,5 1 3 ,7 9 3
D isbursem ents —
I n t e r e s t o n b o n d s ........................1 ,9 4 4 ,8 0 5 1 ,9 8 6 ,6 7 5 1 ,9 8 6 ,6 7 5 1 ,9 9 3 ,8 7 3
I n t e r e s t , d is c o u n t a n d e x c h ...
4 3 ,0 7 7 1 4 7 ,3 3 1
2 631
7 310
T a x e s a n d i n s u r a n c e ................. 3 1 9 ,1 9 2 3 6 2 ,1 2 7 3 5 2 ,0 8 8 3 4 7 .2 2 7
B e tte r m e n ts a n d re n e w ’l fu n d 2 5 9 ,8 1 6 2 4 0 ,0 0 0 2 4 0 ,0 0 0
D iv id e n d s o n p re f. s to c k .......... 5 9 1 .2 5 0
..........
4.73 n o n
..............
M isc e lla n e o u s .................................
9 4 ,1 8 9 1 2 2 ,6 5 9 106*,434
77, 72*}

1893-94.

T o ta l e a r n in g s .. 2 7 ,5 0 4 ,2 2 4 3 2 ,2 8 3 ,5 0 8 3 3 ,9 7 5 ,0 5 5
Expenses fo r —
M a in te n a n c e of w a y
3 ,7 6 3 ,9 8 3
4 ,2 3 5 ,5 1 4 5 ,0 0 4 ,1 6 2
M a in .c a rs & e n g in e s
2 ,7 8 7 ,9 2 4
3 ,8 8 4 ,3 7 3 3 ,6 6 1 ,2 4 3
T r a n s p o rta tio n , & c. 10,7 1 4 ,4 7 1 1 1 ,5 1 5 ,8 1 1 1 2 ,5 0 7 ,2 7 0
T a x e s ............................
8 5 7 ,9 0 6
9 3 3 ,1 4 3 1 ,0 5 8 ,3 2 0
M isc e lla n e o u s ............
2 4 2 ,2 1 4
2 4 6 ,1 5 8
2 5 7 ,1 1 3

E a rn in g s fro m —

T o ta l e a r n in g s ....................... 8 ,8 5 0 ,9 2 1 8 ,8 3 0 ,9 4 6 9 ,3 1 7 ,6 4 6 6 ,4 7 6 ,0 4 4
E xp en sesfo r —
R o a d w a y ...................................... 9 5 3 ,4 9 2 1 ,0 5 0 ,8 2 3 9 0 5 ,3 0 4 7 5 1 ,8 3 3
B rid g e s a n d b u ild in g s ................. 2 4 2 ,9 5 2 1 6 4 ,3 1 8 1 4 1 ,5 1 8
94 417
E o llin g s to c k .................................... 7 9 5 ,0 5 2 5 7 7 ,6 7 9 6 1 1 ,3 7 9 3 7 1 ,3 1 3
T r a n s p o r t a t i o n . .. ......................... 3 ,0 2 7 ,0 6 7 2 ,8 7 1 ,8 1 7 3 ,2 0 9 ,4 2 6 2 ,4 0 0 .7 1 7
C o n tin g e n t........................
1 6 7 ,5 4 5 1 5 0 ,3 3 4
1 1 0 ,9 7 2 1 0 0 932
G e n e r a l ............................................. 3 2 4 ,1 9 5 3 0 6 ,1 2 2 3 0 3 ,4 8 5 2 5 3 ,3 3 9

1891-92.
1892-93.
$
$
6 ,6 3 9 ,1 3 7 ' 7 ,1 3 8 ,5 6 1
2 3 ,2 4 1 ,4 2 1 2 4 ,3 9 3 ,8 4 9
2 ,4 0 2 ,9 5 1
2 ,4 4 2 ,6 4 5

S to c k o f c o m p a n y o n h a n d .
M il. & N o r th e rn b o n d s unso]
L o a n s a n d b ills re c e iv a b le ..
S in k io g f u n d s . .........................
M is c e lla n e o u s .

1892.
1893.
1894.
s
$
$
.191,544,853 195.223.234 2 1 0 ,4 4 0 ,7 1 3
. 7,419,241
7,173.493
976,357
232,972
324,568
450,269
332,593
443,726
256,160
253,420
271,061
. 2,385,002
2,631,666
2,226,563
. 5,996,000
7,735,000
2 ,9 0 1 ,8 0 0
4,770
4,770
4 ,7 7 0
......................
.
1,089,000
1 ,0 8 9 ,0 0 0
700,Ou 0
8 2 9 ,0 0 0
464,460
554,906
. 4,043,530
2,662,814
3,676,586
1 0 ,0 0 9

T o ta l a s s e ts .................................. 2 1 1 ,8 8 2 ,5 2 8 2 1 8 ,6 0 0 ,0 1 8 2 2 3 ,8 7 4 758
L iabilities —
8 to c k , co m m o n . ............................... 4 6 ,0 2 7 ,2 6 1 4 6 ,0 2 7 .2 6 1 46 ,0 2 7 ,2 6 1
S to c k , p r e f e r r e d .............................. 2 4 ,3 6 4 ,9 0 0 2 5 ,7 6 7 ,9 0 0 25 973,900*
F u n d e d d e b t.........................................1 2 9 ,1 9 5 ,0 0 0 1 3 0 ,8 0 5 ,5 0 0 138 ,8 0 1 ,0 0 0
P a y -ro lls, v o u c h e r s , e t c ................ 2 ,7 2 2 ,5 4 9
2 ,6 6 5 ,1 5 0
1 ,6 6 9 ,1 7 9
I n t e r e s t a c c ru e d n o t d u e ................ 3 ,4 8 6 ,3 3 9
3 ,4 4 7 ,2 2 3 3 581,983
L o a n s a n d b ills p a y a b l e ...............
..............
3 ,2 4 0 0 0 0
1 000,000
M isc e lla n e o u s ......................................
2 1 7 ,2 6 9
1 5 9 .0 8 6
3 0 0 ,3 9 5
In c o m e a c c o u n t................................ 5 ,8 6 9 ,2 0 9
6 ,4 8 7 ,8 9 9 6 5 2 1 ,0 4 9
T o ta l lia b ilitie s ...........................2 1 1 ,8 8 2 ,5 2 8 2 1 8 ,6 0 0 ,0 1 8 2 2 3 ,8 7 4 ,7 5 8

New York Susquehanna & Western Railway.
('For the 13 months, May 1, 1893, to June 30, 1894J
At the annual meeting of the stockholders of the New York
Susquehanna & Western Railroad, directors were elected aa
follows : Simon Borg, Joseph W. Ogden, James M. HartShorne, Frank O. Lawrence, Jr., H. O. Armour, Alfred Sully.
0. Minzenheimer, Henry Sanford, Harvey E. Fisk, John I.
Blair, Garret A. Hobart, Horace W. Fuller and Roswell
Eldridge. Simon Borg was re-elected President, Joseph W.
Ogden was chosen Vice-President, John P. Rafferty Second
Vice-President and R, C. Shimeall Treasurer.
The first annual report of the company was submitted. It
covers a period of thirteen months, from the consolidation in
May, 1893, to J une 30, 1894, and shows the results below
given.
There is an increase of $25,078 in the gross earnings over
the corresponding period of the old company’s existence, and
a decrease of $13,836 in the net earnings, in consequence of
the large expenditures made necessary in order to maintain
the property up to its standard condition. The anthracite
coal tonnage transported by the company was 1,387,981 tons,
an increase of 210,000 tons. The company on July 1 made a
traffic contract with the Wilkesbarre & Eastern which ensures
it a large coal tonnage, It guarantees principal and interest

SEPTEM BER 8 ,

the

1894. J

121

c h r o n ic l e :

on $8 000,000 of that company’s first mortgage 5 per cent
bonds and will maintain the road. Any surplus will accrue to
the Susquehanna & Western.
The results for the thirteen months have been as follows:
EARNINGS AND EXPENSES FO R 1 3 MONTHS.

GENERAL BALANCE SHEET JUN E 30.

Assets —

1892.
.$ 1 0 ,1 3 5 ,9 6 0
3 8 ,203
140 ,2 8 5
9 5 ,7 0 2
6 5 ,2 0 0
?
4 3 4 ,7 0 0

J o s t o f r o a d a n d ei
S u p p lie s o n h a n d
D ue"by c o m p ’s a m
C a s h o n h a n d ........

Expenses —

E a r n in g s -

M a in te n a n c e o f w a y _
_ $ 1 8 2 ,2 4 1
M o tiv e p o w e r ....................
5 0 5 ,2 1 7
T r a n s p o r ta tio n .................
4 0 2 ,6 8 5
M isc e lla n e o u s ...................
9 4 ,2 7 9

P a s s e n g e r ......................... *
F r e i g h t - ..............................

C ar s e r v ic e — ................
M ail, e x p re s s , e tc ............

• 4 8 .9 0 4
3 9 ,^ 7

M is c e lla n e o u s . - . ...........

O th e r a c c o u n ts ................
M isc e lla n e o u s ................
P r o fit a n d lo ss ( d e f .) ....

6 3 ,0 7 9

T o t a l . ............................$ 1 ,1 8 4 ,4 2 2
T o ta l............................. $ 2 ,0 8 8 ,1 4 1
N e t e a r n i n g s ...................................... ......................................... ............... $ 9 0 3 ,7 1 9
INCOME ACCOUNT FO R 13 MONTHS.
I D isbursem ents—
....................$ 9 0 3 .7 1 9 I n t e r e s t o n b o n d s ............... $ 5 8 7 ,9 9 2
O t h e r i n c o m e ................
2 3 ,5 6 5 ' R e n t a ls .................................... 3 0 ,9 5 0
p ro f it i n a d ju s tin g a c c ’ ts.
3 ,9 3 4 J D is c o u n t, e t c ..............................19,605

L o a n s a n d b ills p a y a b le .

I D iv id e n d 's ..............- .............. 1 2 0 ,0 0 0
| L o ss o n W. & E . R R .......... 5 7 ,1 7 2

O p en a c c o u n ts ...................
M o rtg a g e o n r e a l e s ta te .
I n t . o n 2 d m o r t b o n d s ...
M is c e lla n e o u s .....................

___*
______ Û
_.
$ 1 1 ,1 6 4 ,7 2 2

90,18*8
6 3 ,2 0 0
1 8 2 ,7 9 9
4 4 8 ,9 5 0
1 9 9 ,1 9 0
4 5 ,0 0 0
8 6 ,6 2 7

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

l.
t

3 0 8 ,6 6 7
9 4 ,2 7 1
3 6 ,5 8 4
3 3 ,5 4 5
1 2 ,0 0 0
952
191

$ 1 1 ,1 6 4 ,7 2 2

$ 1 1 ,3 4 9 ,1 1 0
$ 3 ,2 5 0 ,0 0 0
7.202.9M )
4 6 ,8 0 0
2 3 0 ,9 6 3
1 2 1 ,6 0 2
4 1 ,3 8 5
9 2 ,3 6 9
1 2 ,0 0 0
1 6 8 ,8 5 0
1 3 ,9 4 7
1 6 8 ,2 3 9

2 1 ,2 3 8

.$ 1 0 ,9 2 4 ,9 1 0

P r o fit a n d lo ss (su rp lu s).
T o t a l..................- ........... $ 9 3 1 ,2 1 8 |
T o t a l ................................. $ 8 5 5 ,2 6 8
B a la n c e , s u r p lu s f o r 13 m o n th s ........ ................ - ................................... $ 7 5 ,9 5 0
CONDENSED BALANCE SHEET JUNE 3 0 , 1 3 9 4 .

1 894.
$ 1 0 ,2 0 6 ,2 0 0
2 6 ,9 5 3

7 9 ,3 8 9

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

L iabilities —

Ppfeints—

Ttfpt, e a r n in g s

1893.
$ 1 0 ,1 9 3 ,7 2 5
4 1 ,3 0 4
1 3 0 .2 4 9
8 9 ,6 6 7
6 3 ,2 0 0
5 6 7 ,1 8 8

$ 1 1 ,3 4 9 ,1 1 0

Brooklyn & Brighton Beach Railroad.
L iabilities—
('For the year ending June 30, 1894.J
P r e f e r r M s to c k .............$13, , 000,000
000,000
C om m on s to c k ..
The following statistics have been compiled from the
3 8 6 ,0 0 0 reports made to the New York State Railroad Commissioners.
B o n d s (see S upp.) —
5 1 0 ,2 6 9
P a y ro lls a n d v o u c h e rs
5 4 2 ,8 0 9 Betterments in 1893-94 amounted to $5,787.
L o a n s s e c u re d b y co ll.

yj g
__
R o ad , e q u ip m e n t, e t c . $ 3 2 ,7 6 9 ,3 6 2
Stoohs a n d b o n d s o w n . 4 ,8 8 3 ,6 2 6
B ills re c e iv a b le a n d
a d v a n c e s ...................
8 5 6 ,0 2 0
3 0 5 ,2 1 4
C u rre n t a c c o u n ts .........
M a te ria ls o n h a n d ----7 1 ,3 9 0 | J . R. B a r tle tt, tr u s te e .
C ash o n h a n d ................
9 6 ,7 4 6 | C u rre n t a c c o u n ts ..........
I I n t. an d r e n t a l a c c r ’d .
I D iv id e n d s u n p a id . . . .
I L a n d d e p t, lia b ilitie s .
P r o fit a n d l o s s .......... ..

5 1 ,7 4 0
1 2 3 ,7 2 6
2 3 5 .7 9 4
10,085
4 5 ,9 8 8
7 5 ,9 4 6

T o ta l lia b ilitie s ...$ 3 8 ,9 8 2 ,3 6 0

T o ta l a s s e ts .............$ 3 8 ,9 8 2 ,3 6 0

Manhattan Elevated Railway.
('For the year ending June 30, 1894.)
The financial results for four years, as reported to the New
York State Railroad Commissioners, are shown below, and
also the general balance sheet as of June 80, 1894:

EARNINGS, EXPENSES AND CHARGES.

1890-91. 1891-92. 1892-93. 1 8 93-94.
$
98*13
91?183
1 1 3 ,4 0 6
8 3 ,0 9 6
8 0 ,0 6 3
8 9 ,6 2 9
O p e ra tin g e x p e n s e s a n d t a x e s — 7 9 ,9 6 6

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

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

1 8 93-94.
$
1 0 ,1 5 3 ,5 7 6
5 ,5 3 2 ,0 4 0

„ 4 ,8 7 1 ,5 6 8
„ 1 1 3 ,0 0 0

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

5 ,5 0 0 ,0 5 9
1 4 0 ,0 0 0

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

.4 ,9 8 4 ,5 6 8

5 ,1 1 0 ,6 2 9

5 ,6 4 0 ,0 5 9

4 ,9 3 3 ,2 1 4

..1 ,8 9 7 ,4 9 4
..
1 0 ,0 0 0
.. 4 8 0 ,4 8 9
„ 1 ,6 2 0 ,0 0 0

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

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

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

4 ,4 6 8 ,7 6 8
4 ,2 1 4 ,9 1 7
..4 ,0 0 7 ,9 8 3
1 ,1 7 1 ,2 9 1
1 ,1 9 5 ,7 1 2
. . 9 7 6 ,5 8 5
GENERAL BALANCE SHEET JUNE 3 0, 1 8 9 4 .

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

Deduct—

T o t a l .............................
3 7 ,0 1 6
Deduct—
I n t e r e s t o n b o n d s ............................... 2 5 ,0 0 0
O th e r in te r e s t, e t c ............................... 4 0 ,1 9 8

2 4 ,2 7 7

1 9 ,1 5 0

8 ,5 8 7

2 5 ,0 0 0
4 2 ,7 5 7

2 5 ,0 0 0
4 4 ,5 5 4

2 5 ,0 0 0
5 0 ,4 9 2

6 9 ,5 5 4
6 7 ,7 5 7
5 0 ,4 0 4
4 3 ,4 8 0
GENERAL BALANCE SHEET JUN E 30, 1 8 9 4 .

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

T o t a l . .. . ............................................ 6 5 ,1 9 8
B a la n c e , d e fic it.................................... 2 8 ,1 8 2

A s stp a
.1

T o ta l................. ...........$ 1 ,9 6 8 ,1 4 4

T o ta l.............................$ 1 ,9 6 8 ,1 4 4

Lehigh & Hudson River Railroad.
(For the year ending June 30, 1894.)
The reports made to the New York State Railroad Commis
sioners show the following results. Total betterments in
1893-94 were $46,867.
EARNINGS, EXPENSES AND CHARGES.

. 1 9 8 ,9 4 5

K in g s C o u n ty E le v a te d R a ilr o a d .

b e e n c o m p ile d fo r

EARNINGS, EXPENSES AND CHARGES.

1 6 4 ,6 0 8
2 0 ,1 4 2

1 3 3 ,1 3 0
1 6 ,8 0 0

..1 9 7 ,5 9 6

1 8 4 ,7 5 0

1 4 9 ,9 3 0

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

1 1 0 ,2 8 6
1 4 ,9 5 9
8 ,198

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

..1 3 5 ,4 9 9
„ 6 2 ,0 9 7

Deduct—
I n t e r e s t o n b o n d s ..

1 3 3 ,4 4 3
5 1 ,3 0 7

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

GENERAL BALANCE SHEET JU N E 3 0 , 1 8 9 4 .

C o st o f r o a d ......................$ 2 ,5 9 5 ,2 8 9
C o st o f e q u ip m e n t.........
6 9 3 ,8 2 5
S to c k o f o th e r c o m p ’s . .
3 5 0 ,0 0 0
D u e b y a g e n ts .................
1,171
C ash o n h a n d ...................
5 4 ,2 9 9
O p e n a c c o u n ts ________
3 1 6 ,9 8 1
S u p p lie s o n h a n d ............
3 6 ,4 3 1
6 ,2 L3
S u n d r i e s ............................

( For the year ending June 30, 1894. J
to the New York

1 8 93-94.
$
4 8 0 ,8 5 7
3 4 7 ,7 2 7

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

®72 ,7 8 7 ,2 1 7

T o t a l................... .......................... - ................................. — ...............$ 7 2 ,7 8 7 ,2 1 7

1892-93.
$
5 0 7 ,1 6 9
3 4 2 ,5 6 1

1891-92.
$

Liabilities.

C o n so lid a te d c a p i ta l s to c k ......................
$ 3 0 ,000,000
F u n d e d d e b t.................................................................... - ........................ 35, ,8 8 5 ,0 0 0
1 7 2 ,1 1 7
I n t e r e s t o n fu n d e d d e b t d u e a n d a c c r u e d . ....................... .........
1 8 ,859
D iv id e n d s u n p a i d .......................................................................... .
D a e f o r w a g e s a n d s u p p lie s , ta x e s , e t c ...................................... . _ 6 1 6 ,0 1 3
4 4 ,3 3 0
D u e c o m p a n ie s a n d i n d i v i d u a l s . . . . . ...................................- .........
9 6 ,0 3 5
C o n v e rtib le b o n d c e r tif ic a te s .............................: ..............................
3 0 0 .0 0 0
M a n h a tta n R a ilw a y 4 p e r c e n t b o n d s , s p e c ia l....................... .
3 1 ,6 6 6
S u n d r i e s . ............................. . .................................................................. —
P r o fit a n d lo ss (s u r p lu s ) ................................
5 ,6 2 3 ,1 9 7

T h e s ta t e m e n t b e lo w f o r f o u r y e a r s h a s
t h e C h r o n i c l e f r o m t h e r e p o r s made
S ta te R a ilro a d C o m m is s io n e rs :

L iabilities.

C ost o f r o a d ....................... $ 1 ,5 8 0 ,9 7 1 C a p ita l s to c k ..................... $ 1 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
C o st o f e q u ip m e n t..........
1 1 0 ,8 5 7 F u n d e d d e b t.......... . . . . .
8 ,3 3 3
C a s h on h a n d ....................
1 ,628 I n t . o n fu n d e d d e b t........
3 2 5 ,3 5 0 O p e n a c c o u n ts ................
1 ,753 B ills p a y a b le .....................
1 3 4 ,4 6 1
M a te ria ls a n d s u p p lie s .
1 ,7 5 0 O p e n a c c o u n t s .. .. ..........
M isc e lla n e o u s ........ ........
1 ,5 3 2
P r o fit a n d lo ss ( d e f.)....
2 6 9 ,6 5 4

Assets.

C o st o f ro a d a n d e q u ip m e n t.................................- ...................... . ..$ 5 4 , ,759,008
C o st o f le a s e s ............................................................................................. 44, ,014,000
O th e r p e r m a n e n t in v e s tm e n ts , r e a l e s ta te .................................. 2.,198,964
2 7 5 ,0 9 2
S u p p lie s o n h a n d . . ....................... ........- ...................... ............
1 1 ,9 8 2
D u e b y o th e rs o n a c c o u n t o f tr a f f ic ................................................
2 7 ,9 7 7
D u e b y c o m p a n ie s a n d in d iv id u a ls ............. .................- ...........—
3 4 6 ,9 5 6
C ash o n h a n d ........ ..........................- ....................................... ..............
8 2 0 ,0 0 0
L o a n s o n c a l l____________ ______ _______________ _______
3 0 0 .0 0 0
J a y G o u ld s u r e ty s h ip ...............................................................- ...........
3 3 ,2 3 8
S u n d r i e s . . ........ ..................................- ......................................................
T o t a l . . . . . ........ - .............................................

8 ,0 8 7
500

2 3 ,7 7 7
500

EARNINGS, EXPENSES AND CHARGES.

18 9 0 -9 1 .
$
„ 9 ,8 4 6 ,7 0 9
..4 ,9 7 5 ,1 4 1

1 8 ,650
500

N e t e a r n in g s ................................... 3 6 ,5 1 6
A d d o th e r in c o m e ...............................
500

T o t a l.............................$ 4 ,0 5 4 ,2 0 9

'
Liabilities.
C a p ita l s to c k .................. $1,
F u n d e d d e b t . . . ............... 2,
I n t e r e s t o n fu n d e d d e b t,
d u e a n d a c c r u e d ..........
B ills p a y a b le ............... ..
S u n d r ie s .............................
A u d ite d v o u c h e r s a n d
p a y - r o ll s .........................
C a r t r u s t s ...........................
P r o fit a n d lo s s ( s u rp .)..

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

T o t a l ..........................$ 4 ,0 5 4 ,2 0 9

New York & Canada Railroad.
( For the year ending June 30,1894.)
The Delaware & Hudson Canal Company, lessee, reports
the results on this road as follows :

G ro ss e a r n i n g s ........... . . .
O p e r a tin g e x p e n s e s .. . . .

1 8 90-91.
$
8 1 1 ,0 6 9
5 6 6 ,2 4 3

18 9 1 -9 2 .
$
8 7 9 ,8 8 7
5 6 0 ,1 5 9

1 8 9 2-93.
$
9 4 1 ,6 2 0
5 6 3 ,8 2 3

1 8 93-94.
$
7 4 2 ,2 3 0
5 0 8 ,9 7 3

N e t e a r n in g s .......... . . .
O th e r in c o m e ...............

2 4 4 ,8 2 6
517

3 1 9 ,7 2 8
542

3 7 7 ,7 9 7
284

233 ,2 5 "

1891-92.

1892-93.

1 8 9 3 -9 4 .

T o t a l . . . . .................. . . .
D ’d i c t —
I n t e r e s t o n b o n d s ___ . . .
O th e r i n te r e s t, & c___
R e n t a ls ............................
T a x e s . . . * . . ....................

2 4 5 ,3 4 3

3 2 0 ,2 7 0

3 7 8 ,0 8 1

2 3 3 ,2 5 7

G ro ss e a r n in g s ................................................. 9 5 4 ,3 8 6
O p e ra tin g e x p e n s e s ......................
7 3 5 ,8 5 9

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

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

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

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

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

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

N e t e a r n in g s ............................................2 1 8 ,5 2 7

1 8 3 ,2 7 1

1 5 4 ,6 9 6

R e n ta ls (in c lu d in g i n t e r e s t o n b o n d s ) ..2 7 8 .3 9 2
T a x e s . . . . . . ...........
3 2 ,3 7 2

2 7 6 ,8 7 8
3 5 ,8 5 3

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

T o t a l . ....................... . . .
B a l a n c e ., . ......................

1 9 4 ,0 4 4

T o t a l ........... ..................
3 1 0 .7 6 4
D. & H . Co................. .............- - • 9 2 ,2 3 7

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

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




3 5 5 ,7 2 1
2 5 7 ,6 9 7
s u r. 6 2 ,5 7 3 s u r. 2 2 ,3 6 0 i

2,000

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

EARNINGS, EXPENSES AND CHARGES.

$

Deduct—

3 D e fic it to

422

THE CHRONICLE.

Syracuse Binghamton & New York Railroad.
( For the year ending June 30, 1894. J
From reports to the New York State Railroad Commission
ers the following is compiled :
EARNINGS, EXPENSES AND CHARGES.

1890-91.
$
G ro ss e a r n in g s . . . . ................ 8 6 4 ,2 4 1
O p e ra tin g e x p e n s e s ........ .. 4 6 8 ,9 8 2
N e t e a r n in g s ...................
O th e r in c o m e .........................

1 8 91-92.
1892-93.
$
$
9 3 6 ,3 5 3
8 6 9 ,4 5 8
4 6 0 ,3 1 9 • 5 0 3 ,7 3 1

3 9 5 ,2 5 9
2 ,0 4 4

4 0 9 ,1 3 9
3 ,3 6 6

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

1893-94.
$
8 8 8 ,0 9 6
4 8 5 ,4 6 0
4 0 2 ,6 3 6
25

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

3 9 7 ,3 0 3

4 1 2 ,5 0 5

4 3 6 ,6 9 3

4 0 2 ,6 6 1

I n t e r e s t o n b o n d s . . . ..........
T a x e s ........................................
D iv id e n d s (8 p e r c e n t ) .. .

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

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

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

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

T o t a l . . . .......................... ..
B a la n c e , s u r p l u s . . . . ............

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

3 7 7 ,1 2 1
3 7 8 ,8 7 5
3 5 ,3 8 4
5 7 ,8 1 8
GENERAL BALANCE SHEET JUNE 3 0 , 1 3 9 4 .

GENERAL BALANCE SHEET JUNE 30, 1 894.

Assets.

T o ta l........................... .$ 4 ,4 4 8 ,7 9 1

T o t a l.............................$ 4 ,8 9 7 ,8 4 4

T o ta l.............................. $ 4 ,8 9 7 ,8 4 4

Elmira Cortland & Northern Railway.
( For the year ending June SO, 1894.)
The following statement has been compiled from reports
made to the New York State Railroad Commissioners. Bet
terments in 1893-94 amounted to $19,941.
EARNINGS, EXPENSES AND CHARGES.

1890-91.
$
G ro s s e a r n in g s .......... 4 6 2 ,7 2 8
O p e r. e x p . & ta x e s .. 3 4 3 ,8 5 5

18 9 1 -9 2 .
$
3 9 5 ,3 1 9
2 7 5 ,8 7 1

1892-93.
$
4 1 8 ,2 2 7
2 9 5 ,0 2 4

1 8 93-94.
$
3 6 3 ,3 7 4
2 7 0 ,8 5 2

N e t e a r n in g s
O th e r in c o m e ..............

1 1 8 ,8 7 3
724

1 1 9 ,4 4 8
500

1 2 3 ,2 0 3
961

9 2 ,5 2 2
1 ,652

T o ta l........................
Deduet —
In te re s t on bonds . . .
O th e r in t. & m isc ell.
R e n t a ls .........................

1 1 9 ,5 9 7
d UO
OH
4 6 ,4 0 0
4 ,4 2 4
1 8 ,0 0 0

1 1 9 ,9 4 8

1 2 4 ,1 6 4

9 4 ,1 7 4

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

4 6 ,4 0 0
-2,496
1 8 ,0 0 0

4 6 ,4 0 0
'6 7 2
1 8 ,0 0 0

T o t a l........................
6 8 ,8 2 4
6 8 ,3 5 9
6 6 ,8 9 6
S u r p lu s .........................
5 0 ,7 7 3
5 1 ,5 8 9
5 7 ,2 6 8
GENERAL BALANCE SHEET JUNE 3 0 , 1 8 94.

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

Assets.

Liabilities.

C o st o f r o a d ................ ...$ 4 ,3 8 6 ,3 6 9 C a p ita l s t o c k ............... $ 2 ,0 0 0 ,0 0 0
M a te ria ls a n d s u p p lie s
1 1 ,1 4 9 F u n d e d d e b t ...........
2,0 0 0 ,0 0 0
H u e b y a g e n t s ............
8 ,521 I n t e r e s t o n fu n d e d d e b t
1 1 ,6 0 0
C a s h o n h a n d .............
2 8 ,0 1 4 O p en a c c o u n ts ......... .
2 3 ,2 2 3
O p e n a c c o u n ts ............
1 9,141 A u d ’d v ’o h ’s & p a v -ro lls
1 7 ,7 5 3
S u n d r ie s .......................
11,000 P ro fit a n d lo ss (s u r p .) .. 4 1 1 ,6 1 3
T o t a l................: . . .

T o ta l..

Fonda Johnstown & GUoversville Railroad.
(For the year ending June SO, 1894 J
The following has been compiled from reports to the New
York State Railroad Commissioners :
EARNINGS, EXPENSES AND CHARGES.

1 8 90-91. 1891-92. 1892-93. 1 8 93-94.
$
$
$
$
G ro ss e a r n in g s .................................... 2 2 8 ,5 9 4 2 2 9 ,3 8 3 2 7 3 ,1 8 6 2177141
O p e ra tin g e x p e n s e s a n d t a x e s . . . . 1 4 1 ,7 4 1 1 4 1 ,1 2 6 1 7 8 ,5 4 7 166,3 4 1
N e t e a r n in g s .......................
O th e r in c o m e ....................

8 6 ,8 5 3
1 ,5 0 1

T o t a l.....................................
8 8 ,3 5 4
D educt —
I n t e r e s t o n b o n d s . . . . ....................... 3 3 ,0 3 5
O th e r in te r e s t, e ^ c ........ ................................
D iv id e n d s .............................................. 3 1 ,0 0 0
T o t a l ........ ............ ........ .............
S u r p lu s ................................. ...........

8 8 ,2 5 7
1 ,071

9 4 ,6 3 9
1 ,8 3 4

8 9 ,3 2 9
3 2 ,8 1 7
..........
3 0 ,0 0 0

3 3 ,0 0 0
2 ,5 2 6
1 5 ,0 0 0

6 2 ,8 1 7
5 0 ,5 2 6
2 6 ,5 1 2
4 5 ,9 4 7
GENERAL BALANCE SHEET JUN E 30, 1 8 9 4 .

Assets.
R o a d a n d e q u ip m e n t...
R e a l e s ta te in v e s tm ’ts .
C ash & b ills re c e iv a b le .
O p en a c c o u n ts .................
S in k in g f u n d . . . . . . . . . . .
M a te ria ls a n d s u p p lie s.
D u e b y a g e n ts..................
S u n d r ie s ............................

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

T o t a l..................... .......$ 1 ,1 0 8 ,1 6 0

EARNINGS, EXPENSES AND CHARGES.

1890-91.
$
..........7 8 0 ,6 9 4
. . . .. .5 2 3 , 3 7 9

Liabilities.

.........$ 2 ,5 0 0 ,0 0 0
C a p ita l s to c k .,..
F u n d e d d e b t ..................... 1 ,9 6 6 ,0 0 0
I n te r e s t o n b o n d s ..........
3 8 ,6 0 5
D iv id e n d s u n p a i d ........
20
O p e n a c c o u n ts .................
27,554
A u d ite d v o u c h e rs, e t c . .
3 8 ,3 7 5
P r o fit a n d lo ss (s u rp .)..
3 2 7 ,2 8 9

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

T o ta l............................$ 4 ,4 4 8 ,7 9 1

Dry Dock East Broadway & Battery (N. Y. City) Rlt.
(For the year ending June 30, 1894.)
The following is from reports to the New York State Rtilroad Commissioners. Betterments in 1893-4 am m ated to
$10,825.

N e t e a r n in g s .. . . . . . ........ 2 5 7 ,3 1 5
..........10 8 ,1 5 1

1891-92.
$
7 3 7 ,8 6 1
5 4 7 ,5 6 8

1892-93.
$
7 3 0 ,5 1 7
5 4 6 ,8 1 5

1893-94*
$
6 4 2 ,4 5 5
4 6 4 ,0 6 9

1 9 0 ,2 9 3
1 3 ,1 5 2

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

1 7 8 ,3 3 6
13,103

2 2 2 ,2 5 4

1 9 1 ,4 3 9

2 0 3 ,4 4 5

Deduct—
In te re s t on b o n d s.

f 4 6 ,9 4 3

6 0 ,0 0 0

4 6 ,5 7 5
J 6 2 ,0 5 7
8 1 ,7 0 3
1 4 .1 7 4
8 ,5 5 5
{ 3 6 ,9 4 6
3 9 ,0 6 1
(6) 7 2 ,0 0 0 (21«) 3 0 ,0 0 0

2 2 8 .4 8 6
d f . 2 5 ,0 4 l

1-170,162

2 2 2 ,1 2 0
2 0 5 ,8 9 4
s u r. 1 3 4 d f. 1 4 ,4 0 5

1 6 8 ,4 8 6

T axes.

B a la n c e .................................su r. 9 9 ,3 0 4

GENERAL BALANCE SHEET JU N E 30, 1894.
L iabilities.

C o st o f ro a d ................. $ 2 ,7 5 1 ,2 9 5 C a p ita l s to c k .................. .$ ',2 0 0 ,0 0 ®
3 2 8 ,0 3 7 F u n d e d d e b t .....................
C o st o f e q u i p m e n t ........
8 7 5 ,0 0 0
U 8. b o n d s .
2 2 ,6 0 3 C erts, o f in d e b te d n e s s . 1 ,1 0 0 ,0 0 0
C ash on h a n d . . ...............
1 9 ,8 3 4 I n t e r e s t o n f u n d e d d e b t
S u p p lie s o n h a n d ............
3 2 ,6 6 1
a n d c e r tif ic a te s ............
2 7 ,7 6 7
1 4 th s tr e e t im p ro v e m ’t
3 6 ,2 0 0 O p e n a c c o u n ts ................
7 ,6 1 6
O pen a c c o u n ts .................
4 ,7 8 0 R e s e rv e f u n d a n d t a x e s
5 ,7 5 1
S u n d r ie s .............................
2 ,4 9 2
P r o fit a n d lo ss (def.) . . .
1 8 ,2 3 5
T o t a l . . . . * .................$ 3 ,2 1 6 ,1 3 4 |

T o ta l............... .............. $ 3 ,2 1 6 ,1 3 4

Forty-Second Street Manhattanville & St. Nicholas
Avenue (Yew York City) Railway.
( For the year ending June 30,1894.)
The following statement has been compiled from reports
made to the New York S:ate Railroad C jmmissioners. Bet
terments in 1893-94 amounted to $5,203.
EARNINGS, EXPENSES AND CHARGES.

1890-91.
$
G ro ss e a r n i n g s . . . . . . . . . . . . . . 5 4 9 , 7 7 2
O p e ra tin g e x p e n s e s ..............4 0 6 ,5 4 4

1891-92.

•

$

1892-93
$
6 7 5 ,6 5 2
5 4 0 ,9 7 3

1893-94.
$
6 3 6 ,6 1 6
5 1 8 ,0 3 7

N e t e a r n in g s .......................1 4 3 ,2 2 8
2 ,3 3 9
O th e r in c o m e ..........................

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

134,679
2 ,445

1 1 8 ,5 7 9
3 ,3 7 7

T o ta l................
1 4 5 ,5 6 7
D duct —
I n t e r e s t o n b o n d s ...............l
O th e r in te r e s t a n d m is c e ’. > 123,918
T a x e s ......................................... )

1 5 6 ,1 1 8

1 3 7 ,1 2 4

1 2 1 ,9 5 6

1 3 3 ,5 5 1

7 2 ,0 0 0
1 5 ,‘250
3 7 ,5 0 0

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

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

T o t a l ........ .............................1 2 0 ,9 1 8
1 3 3 ,5 5 1
1 2 4 ,7 5 0
B a l a n c e . . . . . . . .....................s u r .2 4 ,649 s u r . 2 2 ,567 su r.1 2 ,3 7 4

1 2 2 ,7 0 $
d ef. 7 5 2

BALANCE SHEET JUNE 30, 1 8 9 4 .
A s& _
p.tsi
L iabilities—
C ost o f r o a d . ...$ 5 ,0 9 5 ,1 5 3
C a p ita l s to c k .....................$ 2 ,5 0 0 ,0 0 0
“
e q u ip m e n t......
2 4 9 ,0 6 4 1 F u n d e d d e b t.: ............... 2 ,7 0 0 ,0 0 0
9 6 ,4 7 3 5 1L o5n g I s la n d L a n d F e r- *
,2 7
I n te r e s t on fu n d e d d e b t
2 4 ,0 0 0
tiliz in g Co. s to c k .....
1 ,5 0 0 B ills p a y a b le ......... ........
3 0 ,0 0 0
3 3 .0 0 0 C ash o n h a n d _. . . . . . .
9 ,1 3 6 | O p en a c c o u n ts _ . . . . . .
_
4 8 ,4 4 8
-2,968 O p e n a c c o u n ts ...
4 ,1 4 9
i R e a l e s ta te m o rtg a g e s .
1 0 0 ,0 0 0
2 4 .0 0 0 S u p p lie s __ ___________ _ - 1 2 ,5 5 6 W ag e s a n d s u p p l i e s . .. .
2 5 ,9 3 4
I
P r o fit a n d lo s s ........5 6 ,8 2 4
• 5 9 ,9 6 8
T o t a l .......... *.................$ 5 ,4 2 8 ,3 8 2 |
T o t a l ............................. $ 5 ,4 2 8 ,3 8 2
d e f.8 ,7 1 1

5 0 ,8 0 0
457

Liabilities.

C a p ita l s to c k ................... $ 3 0 0 ,0 0 0
F u n d e d d e b t ...................
5 0 0 ,0 0 0
I n te r e s t o n fu n d e d d e b t,
d u e a n d a c c r u e d .. . . .
1 0 ,500
L o a n s a n d b ills p a y a b le
4 1 ,5 3 3
O p en a c c o u n ts . . . . . . . .
1 2 ,738
A ud. v o u c h ’s & p a y -ro lls
1 7 ,283
P ro fit a n d loss (s u r.)___
226,101
T o t a l ................ ............ $ 1 ,1 0 3 ,1 6 0

Union (Yew York City) Railroad.
(For the year ending June 30,1894.)
Betterments in 1892 93 were $4,007,838 ; in 1893-94, $192,295.

.

C o st o f r o a d ....................... $ 4 ,2 2 5 ,9 1 7
C o st o f e q u ip m e n t..........
3 9 8 ,2 9 0
C ash o n h a n d ....................
1 ,0 4 3
O p e n a c c o u n ts .................
2 4 7 ,0 2 9
S u p p lie s o n h a n d ............
2 5 ,5 6 4

L iabilities.

R o a d .....................................$ 4 ,0 6 2 ,5 8 2 C a p ita l s to c k .....................$ 2 ,0 0 0 ,0 0 0
137,5 5 1 F u n d e d d e b t ..................... 2 ,0 0 0 ,0 0 0
E q u i p m e n t .......................
B o n d s o f o th e r c o m p ’s .
1 5 0 ,0 0 0 I n te r e s t o n b o n d s ........
4 1 ,6 6 6
In su ra n c e an d ta x e s ...
9 ,4 7 0 L o a n s . . . . ...........................
1 3 5 ,0 0 0
C ash o n h a n d . ................
4 2 ,7 5 6 O p e n a c c o u n ts .................
7 8 ,6 2 4
O p e n a c c o u n ts ................
4 1 ,9 4 9 S u n d rie s .............
2 ,7 0 9
S u p p lie s o n h a n d ................................... 4 ,2 3o u c h e rs a n d p a y -ro lls
V 5
6 0 ,4 4 0
248 P ro fit a n d lo ss . . . . . . . . .
S u n d rie s ..............................
1 3 0 ,3 5 1

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

D educt—

(Vol. LIX.

Central Crosstown (N. Y. City) Railroad.
(For the year ending June 30, 1894.)
The following is compiled from reports to the Now York
State Railroad Commissioners;
EARNINGS, EXPENSES AND CHARGES.

1890-91.
$
G ro ss e a r n in g s . _ ..5 2 1 ,3 0 8
_
O p e ra tin g e x p e n s e s . ..3 6 2 ,5 5 7

1891-92.
$
5 2 4 ,1 5 1
3 6 4 ,7 2 8

535^38 2
3 6 7 ,2 8 2

1 8 93-94.
$
5 3 8 ,8 5 7
3 8 0 ,9 2 9

N e t e a r n in g s ........ ...1 5 9 ,2 5 1
O th e r in c o m e .............. .. 3 ,3 1 1

1 5 9 ,4 2 3
4 ,2 1 2

1 6 3 ,1 0 >
4 ,0 0 3

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

1892-93.

T o t a l......................... .1 6 2 ,5 6 2

1 6 3 ,6 3 4

1 7 2 ,1 0 3

1 6 2 ,2 9 3

1892-93.
$
,3 2 4 ,6 0 6
.1 8 7 ,5 2 5

1 8 93-91
$
4 7 1 ,9 2 6
2 3 6 ,4 2 3

I n te r e s t o n b o n d s ___ .. 2 6 ,3 0 0
R e n t a l s ........................ ... 5 2 ,0 0 0
D iv id e n d s (7 p . c ) ___ . . 4 2 ,0 0 )
T a x e s ..............................

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

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

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

.1 3 7 ,0 8 1
575

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

T o t a l ......................... .1 6 2 ,1 8 2
S u r p lu s .......................... .

1 6 2 ,4 6 7
1 ,167

1 3 2 ,3 3 3
2 9 ,9 1 0

,1 3 7 ,6 5 6

2 3 6 ,5 8 2

1 6 1 ,5 9 2
1 0 ,5 1 1
GENERAL BALANCE SHEET JUN E 3 0 , 1894.

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

100,0 0 0
7 ,4 8 1
3 3 ,7 3 7

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

141,2 1 8
9 5 .3 6 4

D educt—

EARNINGS, EXPENSES AND CHARGES

O th e r in c o m e .

Deduct—




AjatP
jf.fi-

L iabilities.

C o st o f r o a d ........................$ 7 6 1 ,2 4 6 C a p ita l s t o c k ......................$ 6 0 0 ,0 0 9
C o st o f e q u ip m e n t.............
7 8 ,7 5 3 F u n d e d d e b t . . . ................ 2 5 6 ,0 1 0
O th e r p e rm , in v e s tm e n ts .
1 ,0 0 0 O p en a c c o u n ts ...... ..............
2 ,4 4 5
C ash o n h a n d ....................... 2 1 ,395 P r o fit a n d loss (s u rp lu s ).
1 2 ,9 5 0
T o t a l................................ $ 8 6 5 ,3 9 5

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

.......$ 8 6 5 ,3 9 5

S e p t e m b e r 8, 185 4 .J

THE CHROM IOLE,

423

Brooklyn Heights (Brooklyn) Railway.
made of new capital by the preferred stock authorized
for this purpose would enable the company to provide
CFor the year ending June 30,1894.. J
in
general
This company (which leases the Brooklyn City system of for these commitments. But for the preferred depre:sion
hitherto prevailing the quotation
the
stock de
roads) reports for the year 1893-94 as follows :
clined to prices believed to be unwarranted, and it is there
R ceip ts.
D is b u r s e m e n ts .
Gross earnings............... $4,303,117 Interest..............................
$20,944 fore proposed, rather than to sell any of the treasury pre
Operating expenses.. . 2,673,392 Rentals............................... 1,434,941 ferred stock, to authorize the issue of $1,009,000 in equip
308,627 ment bonds* as above stated, the same to be countersigned by
Net earnings............ $1,629,725
Other income.................
189,339
Total............................. $1,764,512 the trustee and issued only as title to the cars is vested in the
trustee. The result of this operation will be to provide out of
Total........................... $1,819,064 Surplus...............................
$54,552 capital account the cost of property properly chargeable to
capital, and to relieve the income account from which the
G E N E R A L B A L A N C E S H E E T J U N E 30, 1894.
monthly instalments referred to have for some time past been
A ssets.
L i a b ilitie s .
Cost of road and equip $506,580 Capital stock..................... $200,000 met. The operation will result in little or no increase of
Cash on hand ..............
13,641 Funded d e b t...................
250,000 present obligations of the company, but is simply the conver
Open accounts
........ 1,001,446 Int. on bonds due and
.Supplies on h a n d ........
214,526
4,420 sion of temporary obligations, speedily due, into a funded
accrued .........................
519,000 debt.”
Bills pay able.....................
521,570
Open accounts.................
Minneapolis & St. Louis.—The stockholders’ committee
122,359
Taxes accr., not pay’ble
Rents •*
“
“
3,324 gives notice to the holders of Central Trust Company’s certifi
115,520 cates of deposit for the preferred and common stocks, that
Profit and loss (surp.).
Total................... ........... $1,736,193
Total................................. $1,736,193 under the authority conferred by the stockholders’ agreement
of August 11, 1892, the committee has adopted an amendment
Brooylyn City (Trollej) Railroad.
to that agreement providing for a plan of reorganization, and
the same has been filed with the Central Trust Company.
(For the year ending June 30,1894.)
agreement an assessment
must be
This road (leased to the Brooklyn Heights RR. Company) Under thatthe par of the outstanding of $25 per share the first
paid upon
certificates
reports as follows for 1893-94, Betterments for the year were instalment of $10 per share is called for payment andthe Cen
at
$4,485,394:
tral Trust Company on or before September 17. The com
R E N TA L, C H A R G ES, ETC .
mittee also announces that any certificate holder who shall so
R e n t’l fr o m B’k ly n H .R R .$ 8 5 4 ,6 7 8 N e t in c o m e ...........................$ 3 1 8 ,5 6 7
elect on or before that date may withdraw the shares repre
O th e r in c o m e . . . . :
d eb. 2 0 ,2 2 5 D e d u c td iv ’n d s
e .).1 ,1 3 0 ,6 0 8
sented by his certificate upon surrender of the same properly
T o t a l ................................$ 8 3 4 ,4 5 3
D e fic it.............................$ 8 1 2 ,0 4 1
endorsed and payment of his pro rata share of expenses to
Deduct—
A dd —
date of surrender. Holders of preferred and common stock
I n t e r e s t o n b o n d s .............. 2 7 2 ,0 1 7 P re m . o n s t’k a n d b o n d s. 2 2 0 ,8 5 7
who have not heretofore deposited their stock under the agree
I n t e r e s t o n flo a tin g d e b t.
8 ,9 1 8 D u e b y B ’k ly n H e ig h ts
T a x e s ....................................... 2 3 4 ,9 5 1
R R . ( r e n ta l J u ly , 1894) 4 5 3 ,6 0 5 ment may do so at any time prior to September 17 on pay
ment of one per cent together with the first instalment of $10
$ 6 7 4 ,4 6 2 per share.
$ 5 1 5 ,8 8 6
D e fic it.................................... $ 1 3 7 ,5 7 9
S u r p lu s J u n e 3 0 , 1 8 9 3 .. . 7 1 9 ,9 1 3
Northern Pacific Terminal.—The coupon maturing July
N e t in c o m e
.................. $ 3 1 8 , Z67 S u rp lu s J u n e 3 0 , 1 8 9 4 .. . $ 5 8 2 ,3 3 4 1, it is announced, will be paid on and after the 10th inst at
the offices of Messrs. Winslow, Lanier & Co.
G E N ER A L BALANCE S H E E T .
y §8(itS
\
Liabilities.
Oregon short Line & Utah Northern.—A press dispatch
■Cost o f r o a d ...........! ..$ 1 4 ,1 1 0 ,6 1 7
C a p ita l s to c k V,_. ..$ 1 1 ,9 9 9 ,9 4 8
from Salt Lake City says that Judge Merritt has appointed the
C o st o f e q u i p m e n t .. .. 4 ,7 2 9 ,3 1 7 F u n d e d d e b t . 6 ,9 2 5 ,0 0 0
five receivers of the Union Pacific as receivers for the Ore
C ash o n h a n d . . .............
18,221 B ills p a y a b le ..
1 0 0 ,0 0 0
1 3 5 ,0 0 0 O p e n a c c o u n ts ..........
3 4 0 ,1 3 4 gon Short Line & Utah Northern Railroad.
B ills r e c e i v a b le ...........
O p en a c c o u n t s ............
9 5 4 ,2 6 2 P ro fit a n d lo ss (su rp .).
5 8 2 ,3 3 5
Peoria Decatur & Evansville.—The payment on August 15
T o t a l ............ ...............$ 1 9 ,9 4 7 ,4 1 7
T o t a l .............................. $ 1 9 ,9 4 7 ,4 1 7 of the March coupon on the Evansville division bonds, and
the general understanding that the July coupon on the Peoria
division bonds will also be shortly paid, has suspended any
contemplated foreclosure proceedings. The Fairchild Bond
G E N E R A L IN V E S T M E N T N E W S .
holders’ Committee, it is said, are considering a plan of reor
ganization which will leave the firsts undisturbed and give
Called Bonds.—The following have been called for pay the seconds an income with certain valuable options.
Philadelphia & Reading.—On Wednesday representatives
ment. The numbers of the bonds called may be learned at
of the Olcott Committee went to Philadelphia and conferred
the offices of the respective companies.
C h ic a g o & W e s t e r n I n d ia n a RR. Co.—74 first mortgage with the interests there, and subsequently at a meeting of the
bonds will be redeemed on November 1 at the office of Messrs. committee at the Central Trust Co.’s offices in New York Mr.
Geo. H. Earle, Jr., President of the Finance Company of
Drexel, Morgan & Co , New York, at 105.
Philadelphia, and Mr. S. F. Tyler, P resident of the Fourth
M i s s i s s i p p i R i v e r B r id g e Co.—Eight bonds will be re
of the
deemed October 1st. For particulars see advertisement in Street National Bank, were elected members of the Olcott
Committee. This action follows on the merger
Phila
another column.
delphia and New York committees. A sub-committee has
Jacksonville fam pa & Key West.—At Jacksonville, Fla., been appointed, consisting of Messrs. Tod, Mainzer and Earle,
August 24, a decree was rendered by Judge Call, of the Cir to work up a plan of reorganization. Prior to any definite
cuit Court, in chambers, ordering the sale of all the real and announcement of proposed terms it is premature to give
personal property of the Jacksonville Tampa & Key West details that are merely brought up and discussed in the com
Road. The order was made upon the application of R. H. Lig mittee.
gett, attorney for the complainant in the case of Archibald
Railroads in
statements
Rogers vs the Jacksonville Tampa & Key West Railroad. The for the quarter New York State.—The followingto the New
ending June 30 are as reported
decree provides for the sale of the main line of 39# miles York State Railroad Commissioners :
37
and side tracks; also all of the rolling stock, equipment,
L A K E S H O R E & M IC H IG A N SO U TH ER N .
depot terminals, etc. The decree also orders the sale of lands
^-Q uar.end.Ju n e3 0 .— r-S ix mos. end. Ju n e 3 0 .—
,
.
in various counties as follows: 4,533 acres in Clay County, 14,1894.
1 894.
1893.
1893.
079 acres in St. John’s County, 183,656 acres in DeSoto County,
$
$
$
$
71,747 acres in Manatee County, 62,315 acres in Lee County G ro ss e a r n in g s ................ .6 ,1 2 2 ,7 8 1 4 ,7 3 1 ,3 9 1 1 1 ,8 1 6 ,5 8 0 9 ,3 9 6 ,3 2 7
and 25,302 acres in Polk County—361,444 acres all told, The O p e ra tin g e x p e n s e s ... .4 ,0 8 4 ,9 0 7 2 ,8 4 8 ,6 5 7 8 ,0 7 8 ,6 7 1 5 ,8 6 5 ,0 8 6
The decree further provides for the sale of debts against vari
3 ,5 3 1 ,2 4 1
3 ,7 3 7 ,9 0 9
N e t e a r n in g s ..............2 ,0 3 7 ,8 7 4 1 ,8 8 2 ,7 3 4
2 3 7 ,0 3 6
9 2 ,6 0 0
1 8 9 ,9 3 3
ous parties amounting to $7,366 The decree is for a sale sub O th e r in c o m e ................. . 1 3 4 ,3 1 7
ject to the lien of several mortgages to the Pennsylvania
3 ,9 7 4 .9 1 5
3 ,7 2 1 ,1 7 4
T o ta l........................... .2 ,1 7 2 ,1 9 1 1 ,9 7 5 ,3 3 4
Company fcr Insurance on Lives, etc.
2 ,2 1 7 ,0 3 6
2 ,1 9 9 ,9 3 3
I n t., r e n ta ls a n d ta x e s . .1 ,1 2 4 ,3 1 7 1 ,0 9 7 ,6 0 0
Mr. Rogers is the trustee of the interests of R. H. Coleman,
8 7 7 ,7 3 4
1 ,5 2 1 ,2 4 1
1 ,7 5 7 ,9 0 9
S u r p lu s ........................... .1 ,0 4 7 ,8 7 4
the late President of the J. T. & K. W., and it is understood
N E W Y O R K ON TA RIO & W EST E R N .
has no intention to force the property to an immediate sale.
r-Q uar. end. J u n e 3 0 .-^
Year end. J u n e 3 0 .—
,
Louisville New Albany & Chicago.—A circular issued by
1893.
1 894.
1 8 92-93.
18 9 3 -9 4 .
President Thomas says : “ The annual meeting of the com
$
$
$
$
pany witl be held at Indianapolis on September 19 for the G ro ss e a r n in g s ....................... 9 8 2 ,5 0 0 9 7 7 ,6 3 3 3 ,6 8 8 ,1 7 3 3 ,8 4 2 ,2 1 9
election of three directors to replace the retiring members of O p e ra tin g e x p e n s e s ............. 7 1 1 ,7 2 5 6 7 1 ,3 4 4 2 ,6 9 7 ,7 8 3 2 ,6 2 7 ,8 7 9
the Board. At the same meeting it is proposed that authority
N e t e a r n in g s ................... 2 7 0 ,7 7 5
3 0 6 ,2 8 9
9 9 0 ,3 9 0 1 ,2 1 4 ,3 4 0
1 8 ,7 5 0
7 5 ,0 6 0
7 5 ,0 9 0
be given for the issue of $1,000,000 equipment mortgage sink O th e r in c o m e .......................... 1 8 ,7 5 0
ing fund 5 per cent gold bonds, to be secured by a mortgage
T o ta l.
..................... 2 8 9 ,5 2 5
3 2 5 ,0 3 9 1 ,0 6 5 ,4 5 0 1 ,2 8 9 ,4 3 0
on freight cars now used but not owned by the company, as fn t., ta x e s a n d r e n t a l s ,. .. 2 0 5 ,8 0 1 2 1 8 ,1 9 6
8 0 8 ,5 9 8
8 6 9 ,7 6 4
well as by a general mortgage on its other property. The
S u r p lu s ................. ............
8 3 ,7 2 4
1 0 6 ,8 4 3
2 5 6 ,8 5 2
4 1 9 ,6 6 6
stockholders are aware that in the past the management were
compelled to purchase large quantiti s of engines, passenger
Savannah Americns & Montgomery.— The Supreme
cars and freight cars absolutely vital to the operation of the Court of Georgia has given a decision affirming the decree of
road. The engines and passenger cars have all been paid for. the lower court in the Savannah Americus & Montgomery
The cost of the freight cars alone amounted to $1,002,234. Railroad case, confirming the validity of the charter and
Payment for the latter was for the most part dis bonds of the company. The decision was given on an appeal
tributed in monthly instalments over a period of from the lower court in a case in which it was sought to pre
seven years, and it was thought that the provision vent a foreclosure of the mortgage.




424

THE CHRONICLE,

■ ¡R e p o rts a m i i D o x i t m e n t s .

DENVER & RIO GRANDE RAILROAD CO.
EIGHTH ANNUAL REPORT, FOR THE FISCAL YEAR
ENDED JUNE 30, 1894.

. [VOL, LIN,

As stated a year ago, owing to adverse business con
ditions and the resulting inability of the Rio Grande Southern
Railroad Company to meet its obligations, your President
was appointed Receiver for the property. He has administered
its affairs, under the direction of the Court, since August 2,
during which time by sales of securities and application of
net earnings the floating debt was reduced about 30 per cent
up to the end of the fiscal year, at which time it was $860,549 32 exclusive of accrued interest subsequent to his appoint
ment as Receiver. Some of the creditors hold $671,000 00 Rio
Grande Southern bonds as collateral security for $387,670 00
of the floating debt. The net earnings under the Receiver
have been at the ra*e of about 3 per cent upon the entire issue
of bonds, $4,500,000 00.
Your Company owns $1,855,000 00 of the bonds at a cost of
$1,324,275 74, being an increase of $490,000 par value of these
bonds during the year. These have been written down to
$1,205,750 00 for reasons hereinbefore mentioned. The earn
ings of your Company upon traffic to and from the Rio
Grande Southern Railroad during the fiscal year were $289,133 84, against $517,455 81 for the year ended June 30, 1893.
Your Directors are of the opinion that there are evidences
of improvement in traffic and earnings, and they look with
some confidence to the future for results much more satisfac
tory than they now submit to you. The period covered by
this report has been one of panic, financial disaster and
extreme business depression, but through it your Company
has met all its obligations, has strengthened its gross assets,
reduced its current liabilities, and would have added about
$89,000 00 to credit of Profit and Loss except for the conserv
ative action taken in writing down the value of the securities
owned by your Company.
By order of the Board of Directors.
E. T. JEFFERY,
President.

To the Stockholders o f the Denver & Rio Grande Railroad
Company:
The income of your Company from all sources during the
fiscal year ended June 30. 18941 including $10,300 00 received
for interest, was $6,486,343 58, a decrease of $2,885,877 95
compared with the previous year. The gross earnings from the
operation of the railroad were $6,476,043 58, being a decrease
of $2,841,602 95. The working expenses were $3,972,551 17,
a decrease of $1,309,533 75; making the net earnings from
traffic $2,503,492 41, or $1,532,069 20 less than for the previous
year. The reduction in earnings was 30-50 per cent,
in expenses 24-80 per cent, and in net earnings 37-96 per
cent.
Your Directors deemed it prudent to suspend temporarily
the monthly appropriation of $10,000 00 to the Renewal Fund
and of a like monthly amount to the Betterment Fund, but
it is their intention to resume them when business conditions
and the earnings of the Company will warrant.
Current liabilities were reduced during the year from
$1,868,873 89 to $1,735,963 33, and on June 30 your current
assets exceeded your current liabilities $1,470,104 79, against a
corresponding excess of $1,351,229 31 on June 30, 1893.
Your Company has in its treasury bonds and stocks aggre
gating at par $3,110,150 00, which cost $1,625,190 74, and in
addition has in its Special Renewal Fund cash and securities D e n v e r , C o l o r a d o , )
aggregating at par $568,184 05, the cost of which was $467,August 22, 1894.
)
546 85 ; the total of all being at par $1,678,334 05, and at cost
$2,092,737 59 ; but for prudential reasons it has been deemed
C E R T IF IC A T E O F S T O C K H O L D E R S ’ A U D IT O R .
best to reduce the value of these securities in the accounts
$151,379 74 by charging to Profit and Loss $121,479 74 and re
ducing the Renewal Fund $29,900 00, thus making their total
D e n v e r , Colo., August 22, 1894.
value on the books $1,941,357 85.
The retrenchment in expenses inaugurated at the beginning To the Stockholders o f the Denver & Rio Grande RR. Co.
G e n t l e m e n :— I have made examination of the Balance
of the fiscal year, and referred to in the supplemental remarks
of your Directors at the end of their last report, was continued Sheet of the Denver & Rio Grr.nde Railroad Company for the
throughout the year. The large decrease in traffic permitted year ended June 30, 1894, and have ascertained its correct
fewer trains and entailed less wear and tear upon roadway ness.
The Company’s operations during this year of great finan
and equipment. Reference to the statements submitted
herewith will show in general wherein the reductions were cial depression have been recorded in a just and fair manner.
My examination has included the books and accounts and
made. The decrease below the working expenses of the pre
vious year was, as already stated, about $1,309,000 00, of vouchers relating thereto, and, in my opinion, the Balance
which nearly $S09,000 00 was in conducting transportation, Sheet is a full and fair Balance Sheet, and is properly drawn
$240,000 00 in maintenance of rolling stock, and about up so as to exhibit a true and correct view of the state of the
$153,000 00 in maintenance of roadway. The operation Company’s affairs.
I have had ready access to the books and accounts, and all
expenses were 61-34 per cent of the earnings, against
56 69 per cent for the year ended June 30, 1893. explanations or information called for from the officers hav e
The net earnings of your Company were sufficient to been freely given and have been entirely satisfactory.
Very respectfully yours, etc.,
afford a surplus of $87,661 33, after providing for interest on
funded debt, taxes, insurance and all other charges against
CHARLES WHEELER,
income. Every expense incident to the operation of your road
Auditor fo r Stockholders.
for the year has been appropriately charged, including that
incurred in June on account of the disastrous flood in the
valley of the Arkansas River, but for which the surplus for
REPORT OF THE COMPTROLLER.
the year would probably have been from $160,000 00 to
$170,000 00. Jn view of the unprecedented conditions that
T h e D e n v e r & Rio G r a n d e RR. Co. )
have prevailed in financial, trade and industrial circles, and
N e w Y o r k , August 18, 1894.
)
the fact that the percentage of decrease in your earnings was
greater, with possibly one or two exceptions, than that of M r . E. T. J e f f e r y , President.
any other important system in the United States, your Direc
D e a r S ir —I beg to present herewith, my report of the Com
tors feel warranted in saying that the events of the year have pany’s financial condition June 30, 1894, consisting of the
demonstrated the ability of your Company to meet all charges adjustments made in the General Profit and Los3 Account
out of current income under the most adverse circumstances. during the fiscal year then ended, together with Comparative
For detailed information you are referred to the tables and Balance Sheet, summary of its financial operations outside of
statistics prepared by the Comptroller and the Auditor, and its Income Account, based on such comparison, and Tabular
submitted herewith for your information.
Statement of Securities owaed by the Company at that date,
About 2,100 tons of 75-pound steel rail were laid during the arranged in the order named.
year upon your standard-gauge main line, replacing 52-pound
Annexed hereto is the report of the Auditor, exhibiting in
steel which was transferred to other portions of the system. detail the Earnings and Expenses, and other statistical infor
All expenses incident to laying the new rails, including their mation , from the records of the Company, for the same period.
excess weight over the rails they replaced, were charged to
Very respectfully,
Operation Account.
STEPHEN LITTLE, Comptroller.
The rolling stock has'been maintained in efficient condition
throughout the year, and although large reductions in expen
G E N E R A L P R O F IT A N D LO SS A C C O U N T.
ditures have been made in this branch of the service, it was
deemed to be the best policy to keep the engines and cars up
(A d ju s tm e n ts th e r e in J u n e 3 0 ,1 8 9 3 , to J u n e 3 0 ,1 8 9 4 .)
to the usual standard, so that neither life nor property in
Dr.
Or.
$ 2 ,6 5 5 ,3 0 6 00*
transit would be endangered. The passenger cars do not B y B a la n c e S u r p lu s J u n e 3 0 ,1 8 9 3 .................
rp
o
e
d
e
present quite so attractive an appearance, upon the average, B y 0S u1 8 lu4s, f a sr ypeearr Inncd em e J u nc
3 ,
9
o
A
as in former years, but two or three months’ work with an
c o u n t (p a g e 21 o f r e p o r t ) ..........$ 8 7 ,6 6 1 33
additional force in the paint shop will, when expedient, B y a d ju s tm e n ts d u r in g th e y e a r
to th e c re d it o f P r o f it a n d L o ss
remove this slight cause for criticism, if such it be.
.. ..
In their last Annual Report your Directors stated that an L edsisr eacdtju.s.tmye.............$ 5 9 ,7 5 9 21
n ts f o r
extension of the Crested Butte branch to the Ruby-Anthracite
s a m e p e rio d to d e b it
o f P r o f it a n d L o ss
coal mines was under construction at an estimated cost of
ir c
,1 2
8
8 9 ,2 2 8 19$225,000 00, of which $111,615 32 had been expended. The T od v aelut........................ $s5 8in 9th e3 5 — n1 ,5 6 6 u 6 d
e o f S e c u ritie
G e eral F n
work was completed September 1, the entire cash outlay
w r itt e n d o w n ........................................................ $ 1 2 1 ,4 7 9 7 4
being $212,429 13. As it was not necessary to dispose of the T o B a la n c e ................................................................. 2 ,6 2 3 ,0 5 4 4 5
bonds issued on account of this extension they were placed
44
partly in the Special Renewal Fund and partly amongst the B y B a la n c e a t c r e d it o f P r o f it a n d L o ss J u$n2e,73 0 ,,5 3 4p1e9 2 ,7 4 4 ,5 3 4 1 9 as
r
general assets of the Company.
C o m p a ra tiv e B a la n c e s h e e t (p a g e 15 o f r e p o r t) ............... $ 2 ,6 2 3 ,0 5 4 45-




S e pt e m b e r

C O N D E N SED 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.
of

ASSETS.
C ost o f R o a d a n d A p - J u n e 3 0 ,1 8 9 3 . J u n e 3 0 ,1 8 9 4 .
I n c . o r D ec.
p u r te n a n c e s .
$
S
B
$
C ost o f R o a d (P ro p e r). 8 3 ,9 8 4 ,9 5 2 8 6 8 3 ,9 8 4 ,9 5 2 86
E q u ip m e n t... .................
5 ,1 5 6 ,4 3 7 95
5 ,1 2 9 ,2 5 3 4 7 D ec. 2 7 ,1 8 4 48
B e tt e r m e n t s ...... ........ 9 ,1 4 4 ,2 8 9 13
9 g a7 4 ,6 9 7 0 7 In c . 3 0 ,4 0 7 9 4
- ,1 m 1
7 ,8 0 0 0 0
7 ,8 0 0 0 0
R ea l E s ta te .
5 0 ,0 0 0 0 0
5 0 ,0 0 0 0 0
E x p re s s P r o p e r t y .........
3 ,0 0 0 00
3 ,0 0 0 0 0
M ule a n d G ra d . O u tfit.

1
A p p u rte n a n c e s

9 8 ,3 4 6 ,4 7 9 9 4

C o n s tru c tio n o f B r ’ch esi

7 ,8 8 4 ,5 6 7 81

9 8 ,3 4 9 ,7 0 3 4 0 In c .

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

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

98
40
00
87
40
12
27
00

9 1 1 ,9 0 0 0 0
8 7 ,0 0 0 0 0
2 0 1 ,7 1 5 00

2 ,7 0 9 61

3 ,2 2 3 46

7 ,9 8 8 ,8 8 1 62 In c . 1 0 4 ,3 1 3 81

C u r r e n t A ss e ts.

M a te ria ls a n d S u p p lie s
S ta te a n d Co. W a r r a n ts
B ills R e c e iv a b le .............
Cash. .................................
In d iv id u a ls a n d C o s ...
A gen ts a n d C o n d u c to rs
U. S. G o v e rn m e n t.........
P u eb lo U n . D ep . S. F ’d .
R. G. So. R R . Co. 1 s t M.
B o n d s in T r e a s u r y ...
R. G. G u n n is o n R y . Co.
1 s t M. 6 p . c. B o n d (a t
c o s t)........................... - . .
O th e r S e c u ritie s .............
D. & R. G. R y . Co. 1 s t
Con. M. 4 p. c. B o n d s
in T r e a s u r y ( a t face).
S u n d rie s ..........................
S pecial R en e w . F u n d —
Representing th e in v e st
m ent o f R enew al F u n d
(per conti a) and con
sisting o f :
D. & R. G. Im p . M o rt.
B o n d s (a t c o st)...........
R. G. So. 1 s t M o rt. 5
p. o'. B o n d s ...................
D. & R. G. 1 s t Con. M.
4 p. c. B o n d s (a t cost)
C ash (to b e in v e s t e d ) ..

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

90
90
00
67
59
97
33
00

D ec. 1 1 2 ,8 3 0
D ec.
177
D ec.
200
D ec. 1 2 0 ,7 7 0
D ec. 4 8 ,2 2 3
D ec. 7 4 ,8 4 9
D ec.
1 ,3 5 8
In c .
800

08
50
00
20
81
15
94
00

1 ,0 3 2 ,8 5 0 0 0 In c . 1 2 0 ,9 5 0 00
8 7 ,0 0 0 0 0
1 6 8 ,8 6 1 0 0 D ec.

3 2 ,8 5 4 0 0

2 1 5 .0 0 0 0 0 In c . 2 1 5 ,0 0 0 00
3 1 4 30
3 ,0 2 3 91 In c .

SU M M A R Y O F F IN A N C IA L O PER A T IO N S
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 p a n y , f r o m J u ne 3 0,.
1893, to J u n e 30, 1894, O u t sid e o f I ts I n co m e A c c o u n t .
R e so u r c e s to b e A cc o u n t e d f o r t h u s :
D E C R E A S E O F A S S E T S .-

Equipment (see page 27 of report)______ ..................................... $27,184 48Materials and Supplies.............. , ........................................................ 112,830 08
17750
State and County Warrants ........................... t ...........................
Bills Receivable................................ . ; . . . .............................................
200 00
cash .......................................................................................................... 1 2 0 ,7 7 0 2 0
Individuals and Companies............................................................... 48,223 81
Agents and C o n d u c t o r s ..................... ................................. 74,849 15
U . 8. Government. .............................................................................
1,358 94:
Other Securities (General F u n d )................................................. 32,854 00
Rio Grande Southern First Mortgage 5 per cent Bonds
(Special Renewal Fu nd );............................ ................................... 29,900 00
Total Decrease of A s s e t s ............... ; .....................................$448,348 16
IN C R E A S E O F L I A B I L I T I E S .

First Consolidated Mortgage Bonds..............................................$215,000 OO
Improvement Mortgage Bonds......... .............................................
53,500 00
50,000 00
Loans Payable..................... .............................................................. ..
Bills Payable......................... ................................................................... 100,000 00
Express Money Orders..................... ................................................ 11,441 43First Mortgage Bond Coupons due and u n p a id .....................
575 00
First Cons. Mort. Bond Coupons due and unpaid...................
540 00
2,025 00
Improvement Mort. Bond Coupons due and unpaid............
Improvement Mort. Bond Interest accrued buc not due____
222 91
Car Service..............................................................................................
371 63
Sundries...................................... ........................... .................................. 32,466 31
Accrued Rental of Leased Lines.....................................................
1,126 30*
Total Increase of Liabilities.......................................................$467,268 58
Grand Total to be accounted f o r .. ........ ...............................$915,616 74
T h i s s u m is a c c o u n t e d f o r a s f o l l o w s :

1 4 9 ,1 8 0 30

2 0 5 ,1 5 0 3 0 In c .

5 5 ,9 7 0 00

2 0 2 ,8 0 0 0 0

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

2 9 ,9 0 0 0 0

4 5 ,5 0 2 25

7 ,4 1 2 5 0 In c .
5 2 ,1 8 4 0 5 In c .

7 ,4 1 2 5 0
6 ,6 8 1 80

3 ,2 2 0 ,1 0 3 2 0

3 ,2 0 6 ,0 6 8 12 D ec.

1 4 ,0 3 5 08

D e fe r r e d A s s e ts .

T rin id a d T e rm in a ls
L a n d a t T r i n i d a d ..........

2 1 ,8 2 5 2 3
1 6 ,1 8 6 2 6

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

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

3 8 ,0 1 1 49

3 8 ,0 1 1 49

T o ta l a s s e ts .

IN C R EA SE O F ASSETS.

B e t te r m e n t s ......................................................... ...................................
C o n s tr u c tio n o f B r a n c h e s ..................................................................
P u e b lo U n io n D e p o t S in k in g F u n d ................................................
R io G ra n d e S o u th e rn R a ilro a d Co. F i r s t M o rtg a g e B o n d s
in T r e a s u r y , (G e n e ra l F u n d ) .....................................................
D . & R . G. R R . Co. F i r s t C ons. M o rt. 4 p e r c e n t B o n d s in
T r e a s u ry , a t fa c e (G e n e ra l F u n d ) ...............................................
S u n d r i e s ....................................................................................................
D . & R . G. R R . Co. Im p r o v e m e n t M o rt. 5 p e r c e n t B o n d s,
( a t c o s t S p e c ia l R e n e w a l F u n d ) ...................................................
D . & R . G. R R . Co. F i r s t C ons. M o rt. 4 p e r c e n t B o n d s, a t
c o s t (S p ecial R e n e w a l F u n d ) .........................................................
C as h to b e in v e s te d (S p ecial R e n e w a l F u n d ) .............................

L IA B IL IT IE S .
J u n e 3 0 ,1 8 9 3 . J u n e 3 0 ,1 8 9 4 .

¡,8 6 7 ,5 0 0 0 0

6 1 ,6 5 0 ,0 0 0 0 0
6 .3 8 2 .5 0 0 00
2 8 ,6 5 0 ,0 0 0 0 0 In c . 2 1 5 ,0 0 0 0 0
8 .1 0 3 .5 0 0 0 0 In c . 5 3 ,5 0 0 00
4 3 ,1 3 6 ,0 0 0 0 0 In c . 2 6 8 ,5 0 0 0 0

C u r r e n t L i a b ilitie s .

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

49
27
87
12
92

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

5 0 ,0 0 0 0 0
1 0 0 ,0 0 0 00
2 9 7 ,9 5 1 19
2 4 0 ,5 1 6 4 6
8 4 ,9 0 9 9 0
3 ,3 4 3 28
2 0 ,8 4 1 , 35

In c .
In c .
D ec.
D ec.
D ec.
D ec.
In c .

8 ,9 9 5 0 0 In c .

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

00
00
30
81
97
84
43

575 00

5 7 4 ,6 0 0 0 0 In c .

540 00

1 5 ,5 6 2 5 0

1 7 ,5 8 7 50 In c .

1,868,873 89

T o t. c u r r ’t lia b ilitie s .

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

58
62
81
33
51
30

In c .
D ec.
In c .
In c .
D ec.
In c .

222
3 4 ,5 5 1
371
3 2 ,4 6 6
1 ,521
1 ,1 2 6

91
26
63
31
96
30

D e c re a s e f o r th e y e a r ................................. . . . . . . . . . . . ................

3 2 ,2 5 1 55

G ra n d T o ta l a c c o u n te d f o r .........................................................$ 9 1 5 ,6 1 6 7 4

STATEM ENT

OF

Vo.
1589

215

S E C U R IT IE S O W N E D
J U N E 30, 1894.

I n G e n e ra l F u n d .

BY

THE

F a ce V a lu e .

COM PA N Y ^
B o o k V a lu e .

R io G ra n d e S o u th e rn P a ilr o a d 5
p e r c e n t B o n d s, $ 1 ,0 0 0 e ac h . .$ 1 ,5 8 9 ,0 0 0 0 0 $ 1 ,0 3 2 ,8 5 0
R io G ra n d e G u n n is o n R a ilw a y 6
.
1 0 0 ,0 0 0 0 0
p e r c e n t B o n d .................
8 7 ,0 0 0
D e n v e r & R io G ra n d e R a ilr o a d
F i r s t C ons. M o rt. 4 p e r c e n t
J
.
2 1 5 ,0 0 0 0 0
2 1 5 ,0 0 0
. 1 ,2 0 6 ,1 5 0 0 0
1 6 8 ,8 6 1
$ 3 ,1 1 0 ,1 5 0 0 0

00 0000
00*

$ 1 ,5 0 3 ,7 1 1 0 0

I n S p e c ia l R e n e w a l F u n d .

r
R io G ra n d e S o u th e rn R R . 5 p e r
c e n t B o n d s, $ 1 ,0 0 0 e a c h ................ $ 2 6 6 ,0 0 0
I
D e n v e r & R io G ra n d e R a ilr o a d
Im p r o v e m e n t M o rt. 5 p e r c e n t
!
2 4 0 ,0 0 0
B o n d s, $ 5 0 0 e a c h .................
10 D e n v e r & R io G ra n d e R a ilro a dL
F i r s t C ons. M o rt. 4 p e r c e n t
1 0 ,0 0 0
B o n d s, $ 1 ,0 0 0 e a c h .........................’
5 2 ,1 8 4
C ash to b e in v e s t e d ....................... .

266

T o t a l . . . „ , .....................
L ess C o m m o n C a p ita l
S to c k h e ld in T r e a s 
u r y to m e e t s a m e ........

7 ,4 1 2 506 ,681 8 0

D E C R E A SE OF P R O F IT AN D LOSS.

1 ,7 3 5 ,9 6 3 33 D ec. 1 3 2 ,9 1 0 56

A p p a re n t L ia b ilitie s.

D. <s R . G. R a ilw a y Co.
S to c k h o ld e r s ........... •
D. & R . G. R y . Co. G en.
M ort. B o n d h o ld e r s ...

5 5 ,9 7 0 0 0

(As p e r C o m p a ra tiv e B a la n c e Sheet.)
B y B a la n c e a t c r e d it o f P r o f it a n d L o ss J u n e
30, 1 8 9 3 ................... ......................... ....................... $ 2 ,6 5 5 ,3 0 6 0 0
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 ss J u n e
3 0 , 1 8 9 4 ...................................... ............................... 2 ,6 2 3 .0 5 4 45

2 ,0 2 5 0 0

67
88
18
02
47
00

2 1 5 ,0 0 0 0 0
314 30

T o ta l D e c re a s e o f L ia b ilitie s ..................... . .............................$ 341,514 8 4 -

7 4 ,4 6 2 50

5 7 4 ,0 6 0 0 0

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

1 2 0 ,9 5 0 0 0

V o u c h e rs ......................................................................................................$ 1 6 4 ,9 6 8 30*
P a y -R o lls ............................................................. ..........; ..........................
8 5 ,5 9 7 81
P a y -C h e c k s , %S e rie s A ” ....................................................................... 1 4 ,1 5 5 9 7
U n c la im e d W a g e s ............. ................................................................... 3 0 ,8 8 3 8 4
T raffic B a la n c e s .......................... ; . . . . . . . . . . . . . . . . ................... 3 4 ,5 5 1 261 ,5 2 1 9 6
A c c ru e d T a x e s ................. ; .................................. .................................
R e n e w a l F u n d ..........................................................................................
' 9 ,8 3 5 7 0

F u n d e d D e b t.

F ir s t M o rtg a g e B o n d s .. 6 .3 8 2 ,5 0 0 00
F ir s t Con. M o rt. B o n d s. 2 8 ,4 3 5 ,0 0 0 00
Im p ro v ’t M o rt. B o n d s . 8 ,0 5 0 ,0 0 0 0 0

94
81
00

D E C R E A SE O F L IA B IL IT IE S .

I n c . o r D ee.

$
$
C om m on............................ 3 8 ,0 0 0 ,0 0 0 0 0 3 8 ,0 0 0 ,0 0 0 0 0
P r e f e r r e d .......................... 2 3 ,6 5 0 ,0 0 0 0 0 2 3 ,6 5 0 ,0 0 0 0 0
C a p ita l S to c k .

T o ta l C a p ita l S to c k .. 6 1 ,6 5 0 ,0 0 0 0 0

$ 3 0 ,4 0 7
1 0 4 ,3 1 3
800

.$ 5 4 1 ,8 5 0 3 5

T o ta l In c r e a s e of A s s e ts ..........................................

.1 0 9 ,4 8 9 ,1 6 2 4 4 1 0 9 ,5 8 2 ,6 6 4 63 In c . 9 3 ,5 0 2 19

L o a n s p a y a b le ,.........
B ills p a y a b l e ...................
V o u c h e rs .........................
P a y -R o lls ...........................
P a y -C h e ck s, “ S e rie s A ”
U n c la im e d W a g e s ..........
E x p re s s M o n ey O rd e rs.
F ir s t M o rt. B o n d s, C o u 
p o n s d u e a n d u n p a id ,
F ir s t M o rt. B o n d s, I n t.
a c c ru e d b u t n o t d u e .
F ir s t Con. M o rt. B o n d s,
C oup, d u e a n d u n p a id
Im p . 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 p . M o rt. B o n d s, I n t.
a c c ru e d b u t n o t d u e ..
T raffic b a la n c e s ___. . . .
C ar S e r v i c e .. .. ...............
S u n d rie s .............................
A c cru ed T a x e s ...............
A cc’d R e n t. L ’s e d L in es

425

THE CHRONICLE.

8, 1894.]

00

$ 1 7 2 ,9 0 0 0 0

00

2 0 5 ,1 5 0 3 0

00
05

7 ,4 1 2 5 0
5 2 ,1 8 4 05

480
3 1 ,6 5 0 0 0

3 1 ,2 5 0 0 0

1 ,0 0 0 0 0

1 ,0 0 0 0 0

3 2 .6 5 0 0 0

3 2 ,2 5 0 0 0

3 2 .6 5 0 0 0

3 2 ,2 5 0 0 0

N il.

$ 5 6 8 ,1 8 4 05

N il,

$ 4 3 7 ,6 4 6 85-

$ 3 ,6 7
T o ta l a m o u n t.................................... $ 3 ,6 7 8 ,3 3 4 05

$ 1 ,9 4 1 ,3 5 7 85

D e f e r r e d L i a b ilitie s .

R enew al
Fund,
see
S p e c ia l R e n e w ’l F u n d
p e r c o n tr a f o r a m o u n t
in v e s te d a n d to b e in 
v e s te d , $ 4 3 7 ,6 4 6 8 5 ..

REPORT OF THE AUDITOR.
4 4 7 ,4 8 2 55

4 3 7 ,6 4 6 85 D ec.

9 ,8 3 5 7 0

T o ta l lia b ilitie s ......... .T 0 6 ,8 3 3 ,8 5 6 4 4 1 0 6 ,9 5 9 ,6 1 0 18 In c . 1 2 5 ,7 5 3 7 4
B y P r o f it and L o s s
to B alance , b ein g
E xcess o f A ssets
o v er a ll Lia b il it ie s

(p a g e 1 0 o f r e p b r t ) .. .




2 ,6 2 3 ,0 5 4 45 D ec.

3 2 ,2 5 1 55

1 0 9 ,4 8 9 ,1 6 2 4 4 1 0 9 ,5 8 2 ,6 6 4 63 In c .

2 ,6 5 5 ,3 0 6 0 0

9 3 ,5 0 2 19

T h e D e n v e r & Rio G r a n d e RR. Co..
)
D e n v e r , C o l o r a d o , A u g u s t 14, 1894. f
L it t l e , Comptroller.

Mr . S t e p h e n
D e a r S ir —I

bpg to transmit herewith the tabular state
ments showing the operations, financial and statistical, of the
Company’s lines for the fiscal year ended June 80, 1894.
Yours respectfully,
E. R. MURPHY, Auditor».

426

THE CHRONICLE.

fVOL. L1X,

S T A T E M E N T O P E A R N IN G S A N D E X P E N S E S
F O R T H E F IS C A L T E A R EN D IN G J U N E 3 0 , 1 8 9 4 ,
(C o m p a re d w ith th e y e a r e n d in g J u n e 3 0 , 1893.)
18 9 3 -9 4 .
1892-93.
Decrease.
E a r n in g s —
$
jfe
$
F r e i g h t ......................................4 ,5 2 9 .1 6 2 556 ,5 6 9 ,5 7 3 32
2 ,0 4 0 ,4 1 0 77
P a s s e n g e r ...................... .1 ,1 7 5 ,1 8 4 5 0 1 ,7 8 2 ,9 2 7 15
6 0 7 ,7 4 2 65
E x p r e s s , M ails,M isc ell.
a n d R e n t s ........................... 7 7 1 ,6 9 6 53 9 6 5 ,1 4 6 06
1 9 3 ,4 4 9 53

B r o u g h t f o r w a r d ........................................................... . . § 18^ 3,87122
R e c e iv e d fro m s a le o f R e a l E s t a t e ................
$ 4 ,1 0 0 00
R e n e w a l F u n d p ro v id e d fr o m In c o m e a n d
c a r r ie d a s a D e fe rre d L ia b ility , in c l. $47,5 4 6 85 a c c re tio n s th e r e f r o m (see co n ).
4 3 7 ,6 4 6 85
S u r plu s J un e 3 0 , 1 8 9 4 . . . ...............................
2 ,6 2 3 ,0 5 4 45

T o ta l e a r n in g s ........6 ,4 7 6 ,0 4 3 58 9 ,3 1 7 ,6 4 6 53
Expenses —
M a in t. o f R o a d w ’y ........ 7 5 1 ,8 3 3 16
9 0 5 ,3 0 4 29
M a in te n a n c e o f B rid g e s
9 4 ,4 1 6 63
a n d B u ild in g s ............
1 4 1 ,5 1 8 33
M a in t. o f R o ll’g S to c k .. 3 7 1 ,3 13 19
6 1 1 ,3 7 9 2 9
G o n d u c t’g T r a n s p o r t s . 2 ,4 0 0 ,7 1 7 28 3 ,2 0 9 ,1 2 5 55
C o n tin g e n t E x p . (R o ad 
w a y a n d B rid g e s ) . . . . 1 0 0 ,9 3 1 5 7
1 1 0 ,9 7 2 2 7
G e n e r a l E x p e n s e s ........ 2 5 3 ,3 3 9 3 4
3 0 3 ,4 8 5 19

C o n s tr u c tio n o f B r a n c h e s ........................ .
$7,988,881 62
B e tte r m e n ts —G ro ss c h a r g e s t h e r e t o .......$ 1 0 ,3 5 0 ,4 6 7 33
L e ss a m o u n t p ro v id e d fro m in c o m e ___ 1 ,1 7 5 ,7 7 0 26 9,174,697 07

T o ta l E x p e n s e s ....3 ,9 7 2 ,5 5 1 17
P e r c e n ta g e o f O p e ra ’n .
(61-34
N e t E a r n i n g s ...................2 ,5 0 3 ,4 9 2 41
IN C O M E
F O R T H E FISC A L T E A R

$ 2 1 ,1 1 8 ,6 7 2 52

E X P E N D IT U R E S .

2 ,8 4 1 ,6 0 2 95
1 5 3 ,4 7 1 13
4 7 ,1 0 1 7 0
2 4 0 ,0 6 6 10
8 0 8 ,7 0 3 27

E q u ip m e n t, a s p e r B a la n c e S h e e t .. . . . . . . $ 5 ,1 2 9 ,2 5 3 4 7
L e ss a c q u ire d fro m o ld c o m p a n y ...
2 ,7 3 5 ,2 7 5 92
N e t a m o u n t p u rc h a s e d b y n e w c o m p a n y
E x p r e s s E q u ip m e n t................................... ..
M ule a n d G ra d in g O u tfit...... ..........................
T r in id a d T e rm in a ls ...........................................
B a la n c e C ur. A ss e ts in e x c e s s o f C ur. L ia 
b ilitie s in c l. $ 4 3 7 ,6 4 6 85 Spec. R e n e w a l
F u n d (see c o n tra ) a lr e a d y in v e s t e d . .. .

1 0 ,0 4 0 7 0
5 0 ,1 4 5 85

5 ,2 3 2 ,0 8 4 92
(5 6-69)
4 ,0 3 5 ,5 6 1 61

(I n c .)

1 ,3 0 9 ,5 3 3 75
4-65
1 ,5 3 2 ,0 6 9 2 0

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

1 ,4 7 0 ,1 0 4 79
$ 2 1 ,1 1 8 ,6 7 2 52

ACCOUNT

ENDING JUNE 30, 1894.
$ 6 ,4 7 6,04358
3 ,972,55117

G r o s s E a r n in g s fro m O p e ra tio n
. ...........
W o rk in g E x p e n s e s
---...................
P e r c e n ta g e o f O p e r a tio n ...............

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 rom J a n u a r t 1, 1885, to J une 30, 1894.
A v ’ge Miles
Oper’d. E arnings.
Expenses.

61-34 p. c

N e t E a r n in g s fr o m O p e ra tio n .
I n t e r e s t o n S e c u ritie s .................

$ 2 ,5 0 3 ,4 9 2 41
1 0 ,3 0 0 0 0

1 8 8 5 .......................... 1,317
1886
....................... 1,317
....................... 1,347
1887
1888
....................... 1,463
1889................................... 1,493
1890—First Sixm o s.. 1,497
189091.................. 1,579
189192.................. 1,640
189293.................. 1,646
1,654
189394....

T o ta l N e t I n c o m e . . . . . ............................................
$ 2 ,5 1 3 ,7 9 2 41
L ess —
T a x e s ................... .......................................... ................$ 3 1 4 ,3 2 9 69
I n s u r a n c e ............... .............................. .....................
3 2 ,8 9 7 7 4
I n te r e s t, D is c o u n t a n d E x c h a n g e .....................
7 ,3 1 0 24
I n t e r e s t o n F u n d e d D e b t ...................................... 1 ,9 9 3 ,8 7 2 91
1 1 ,4 2 9 76
O th e r R a ilr o a d s .......................................... . ............
R e n ta ls o f L e a s e d L in e s ...................................... .
6 6 ,2 9 0 7 4 2 ,4 2 6 ,1 3 1 08
R e m a in in g S u r p lu s c a r r ie d to c r e d it o f P r o f it a n d L o ss.

A v ’ge
Miles
Oper’d.

Year.

„
----- A S S E T S .
M a te ria ls a n d S u p p lie s o n h a n d .....................
S t a t e a n d C o u n ty W a r ra n ts (face v a lu e ) ..
B ills R e c e iv a b le .............................................
.
C a s h ........................................................... ................
A g e n ts ’ a n d C o n d u c to rs ’ b a la n c e s , d u e a n d
In t r a n s i t ................................ ...............................
P u e b lo U . D . S in k in g F u n d ...............................
R io G ra n d e S o u th e rn R a ilro a d C o m p a n y
F i r s t M o rt. B o n d s in T r e a s u r y ....................
R io G ra n d e G u n n is o n R a ilw a y C o m p a n y
F i r s t M o rt. B o n d in T r e a s u r y (a t c o s t) . . .
D e n v e r & R io G ra n d e R a ilro a d C o m p a n y
F i r s t C on, M ort. B o n d s in T re a s . (a t face)
O th e r S e c u ritie s ................. ...............................
S u n d r ie s ................. .............................................. ..

$ 3 6 9 ,4 9 6
2 ,425
3 4 ,8 0 0
3 8 3 ,1 7 7

1 ,0 3 2 ,8 5 0 0 0
8 7 ,0 0 0 00

$
2 ,988
3 ,2 1 0
3 ,5 2 0
3 ,489
3,158
1 ,577
3 ,4 9 0
3 ,1 2 3
3 ,2 0 9
2 ,4 0 2

00
00
00
00
00
00
00
00
00 •
00

$
1 ,658
1 ,906
2 ,4 0 7
1,753
2 ,232
1,022
2,115
2 ,262
2 ,4 5 2
1 ,513

00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00

C L A S S IF IE D F R E I G H T , T O N N A G E A N D R E V E N U E

g * 00*0^ aÎOO C£*jO
?v
IQ t7iO
>T
g,©s+^2. 2 Pi b‘5*®v
o ï?
g
0 2tP ip-p ^ ® © =+^ F
2E . ® s ® ® P
§ çog»- a
>
< hjp,®
3
®uS mK
page
® <14
" ®o
w®
sp®g*
gw
y e+ P
go

i-3 p,

2 7 9 ,6 5 4 92

i
•

30
50
00
05

$
4 ,6 4 6
5 ,1 1 6
5 ,9 2 7
5 ,2 4 2
5 ,3 9 0
2 ,599
5 ,605
5 ,385
5,661
3 ,9 1 5

F O R T E A R EN D IN G J U N E 3 0 , 1894, C O M PA R ED W IT H P R E V IO U S T E A R .

U . S. G o v e rn m e n t.................................................. $ 4 2 ,1 4 8 33
In d iv id u a ls a n d C o m p a n ie s.............................. 2 3 7 ,5 0 6 59

Spe c ia l R en e w a l F und :

$

2 ,1 8 3 ,7 8 0 26
2 ,5 1 0 ,6 6 0 79
3 ,2 4 1 ,3 7 0 52
2 ,5 6 3 ,9 7 2 3 0
3 ,3 3 2 ,4 1 0 10
1 ,5 3 0 ,7 1 0 09
3 ,3 4 0 ,6 1 6 88
3 ,7 0 9 ,3 5 3 20
4 ,0 3 5 ,5 6 1 61
2 ,5 0 3 ,4 9 2 41

Exp. per f N et E a rn .
M ile 'o f
per M ilt! o f
Road.
Road.

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

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

A ccounts Co llec tible :

3,935* 2 7 3 46
4,227 ,416 68
4,742 ,048 53
5,104 ,681 7 4
4,714 193 2 7
2,360, 142-88
5,510, 303 4 6
5,121, 593 37
5,282, 0 8 4 92
3,972, 551 17

E a rn . per
M ile 1 f
o
Road.

$

90
90
00
67

2 1 5 ,0 0 0 0 0
1 6 8 ,8 6 1 0 0
3 ,0 2 3 91

6,119,053 72
6,738,077 47
7,983,419 05
7,668,654 04
8,046,603 37
3,890,852 97
8,850,920 34
8,830,946 57
9,317,646 53
6,476,043 58

Net
E a rn in g s.

P E R M IL E O P E R A T E D .

$ 8 7 ,6 6 1 33

C U R R E N T A SSE T S A N D L I A B I L IT IE S , J U N E 3 0 , 1 8 9 4 .

R e p r e s e n tin g th e in v e s tm e n t o f R e n e w a l
F u n d , a n d c o n s is tin g o f th e fo llo w in g se 
c u ritie s —
D . & R . G. Im p t. M o rt. B o n d s ......................... $ 2 0 5 ,1 5 0
D . & R . G. F ir s t C ons. M o rt. B o n d s ..............
7 ,4 1 2
R io G ra n d e So. R R . Co. F ir s t M o rt. B o n d s. 1 7 2 ,9 0 0
G a s h to b e in v e s te d ............... ............................. 5 2 ,1 8 4

55
00
00
49

• ï B ® hi® f j g o

tne+p.ttQ

p-

i 5 g a lfw * P

4 3 7 ,6 4 6 85

W

1 œ ® ; É;
b

$3,206,068 12

:

L IA B IL IT IE S .
V o u c h e rs....................................................
$ 2 9 7 ,9 5 1 19
P a y -R o U s..................................................................... 2 4 0 ,5 1 6 4 6
P a y -C h e c k s, “ S e rie s A ” ..............V.......... .
8 4 ,9 0 9 90
U n c la im e d W a g e s .............................................
3,343 28
T ra ffic b a la n c e s .............................................................
1 2 ,2 9 9 62
C a r S e rv ic e .............................J ...............................
9 ,9 6 7 81
$648,988 26

tS
tS. .
to
CMif» <18-OM SM ^f-Mto©s"
O
.
■
C <1
O
o C Oo: C if»©
WC O ©
b t© ©©^ 0 © C©©t© < ©t-0-g oo Ctoj© ©©so « t© I©Mco©©G©0X ^
O i-1 ©p0©© m to ©op to to ©l-4 O ©i-i ©
O
1
<
© i-i (»Ü h* I © ©, ►-<j
I
O 0
<itot
w
co

WJ © W O if » © © M M t© C il© < I M © < ) M lf » © iM © C © C O © S l© M © M © i< I © © © © ü i|f » .

f

L o a n s P a y a b l e ...............................................................
5 0 ,0 0 0 0 0
B ills P a y a b le ..............................................
1 0 0 ,0 0 0 0 0

1 5 0 ,0 0 0 00

C o u p o n s F i r s t M o rt. B o n d s ..................................... $ 8 ,9 9 5 0 0
C o u p o n s F i r s t C ons. M o rt. B o n d s .......................... 5 7 4 ,6 0 0 0 0
C o u p o n s Im p r o v e m e n t M o rt. B o n d s .......'. . . 1 7 ,5 8 7 5 0

6 0 1 ,1 8 2 5 0

1-1 to

.

M

to

to '

M

©MOO

OO'few

1
M ©^ W ©©©MM pl ©C* M 5tO ©Oh-MG O O I© O O ©O
^J©
pl __0 M O0 Mtopi C ltO O O IC < C C M<l©
< 0 M O GCOtOtS©©lfhtaM© I©
1
CtoM OM t©C©M
O © O < O wtq^io^ ©toV wloW ©©bi C©O 50 to©©
l
©
O I0 0
1 0 8 ,2 2 7 08

E x p r e s s M o n ey O rd e rs ........................
S u n d r ie s ..........................................................
A c c ru e d T a x e s ..................................
A c c ru e d R e n ta l o f L e a s e d L i n e s . . . . . . . . . . .

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

T o ta l C u rre n t L ia b ilitie s .................................

£

«

A c c r u e d I n te r e s t o n I m p r o v e m e n t M o rt. 5
p e r c e n t B o n d s ........................................................... 3 3 ,7 6 4 58
A c c ru e d I n t e r e s t o n F i r s t M o rt. 7 p e r c e n t
Bon<I s .....................................................................
7 4 ,4 6 2 50

M g o M © © © © o o © © © o i© o tf h © to o o M O itf ^ to o 5 © tf h © © © to to a o w c o © o i©

35
33
51
30

$1,735,963 33

Balance C
urrent Assets in excess of
C
urrent Liabilities............;..........

M

¡ © © © M © O © © © © © M © M © © © © M © © O l © t C > © tf i .t© © © M M C © t C > M t0 U l^

Ajk 0 © O 0 0 l®(^cô©©Mw^otô^otôoièMMtÔMobiti.^5wM i^ - W ^ © l-‘l-‘ W M r i §
gSSS2M- ‘W H ‘ C 500t0if*-00W O »t0^C O I-‘« D © l-‘© a D C 0 M 0 C n C
œtô©œobPi»i.-jC5ÎKl
O)

1 ,4 7 0 ,1 0 4 79
$ 3 ,2 0 6 ,0 6 8 12

< I© © < ttO © C O W < IC Jl© tO © © M |fh O IW O lC O © tO M M © tO O O © C O © M W 0 5 © C J IM
© M © © M C O ^ ~ 3 M © tO O O © O O M C O © © M © O O O lfi-©C5lOOM©COOD<l£-.ao©CJlCO
CO© tS3© 00 0 0 © ^ © 0 0 0 © 0 l © © t 0 < l © < l © c ! l < l © © ( 0 , 0 0 0 1 0 1 to c o COCO©MOO

©©Ot0i(i-©t0©©©©©©M©©©©tC©©^-©^.i>©t0©Mt0©tSW©M»T's
© ©©©(¿WtCHMMM<IM©titb©œ©dlCÎiCÏMM-j|£-ob-jcii)fi-tÔ©©MA©<lQ

© w©oiH©©M
oi©i©œ®c©co©©Hco»©if»©M
©bscii*ts©©©©c©c©©oi?i

Ç tO©H -C©M M to|f»©CG0 >
- f» l ©
©M hIOifc0 if»©©©W MOO0wS
0
©M C©0 0 O 3
-, ^ °0W M 0 C©©M
plio © 0 O
tobl<IO to©œ©© ©io©©©M M M > C«
l©
iso
>. W © » O

- J M < I W œ ® œ © i » © W © © t O O < l W M M lf^ M lf» © C O lf» .ü ^ ® © > ^ M J b p c o © C O M |Î 5 •
© ) © tS^f»CO^f»■tC>tM HM ©^M ~^C©l£■C©if»■œ^f»■M |f^®©^ta'v^<Ji^ü^t©©|f»©©©05^s© .

A P P L IC A T IO N O F N E T IN C O M E

AND

R E C E IP T S FR O M ALL O T H E R SO URCES FR O M J U L T

30, 1894.

12, 1886,

TO J U N E

S h o w in g p a r v a lu e o f s e c u ritie s so ld , a n d in c lu d in g in e x p e n d itu r e s th e
d is c o u n t th e re o n .

Si COOOaOOOOOOM
O
OOOOOOHOOCJOHHOiOOOM h * M ÿ
ObOKlM ^I
© , W bO bO O lQ O ^bO ^iO Q O bO O tC N C iH bO O H ^^Q O C O h^C D tfs-^K l^O C O C ^C O O tC aC H © ?*^

R E C E IP T S F RO M A L L SO U RCES.

A s s e ts in e x c e ss o f L ia b ilitie s J u ly 12 ,
1 8 8 6 , fro m R e c e iv e r o ld C o m p a n y .. .. ..
R e c e iv e d fro m R e o rg a n iz a tio 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 00
C a p ita l S to ck , P r e f e r r e d ............................... 2 0 3 4 '7 9 2 00
C a s h . . . . . ......................... .
l ’105,’ 0 4 9 0 2

M
bOM
&516 4-80 20
’

to

M b M
. ®

■ë i—
t i
t
o
M f* F M S C
qihC F jS
O IO O

c o b ® b o c o io c o © C 5 < iw © © o i^ c o o » a o S s * o

COCDrf^OQOaoOiMM CO05 ÏO <1 Crt bo cn 05 bO bO< ï 00 Ol bO § *
Oi^OCObOM W OOM O^CDI— O iC O O Q O < l< |< JX H - C O O ^-O O Tb«C 005bO O C O M C O C ^<l^
l
2 2 95 ? 4 0 1 ^ 01 ^
^
M ^ 00 fco w
o i bo o co ch < i .œ a t ^ a od co o i *
tf^bOOC^OiCObOtf^P5C5C^<lCOXOirfi* O b O < li0 0 0 0 5 ^ 0 b O b O M H l O i » ^ X C 'C ^ O < i X
‘C

0
5

3 ,3 5 8 ,8 9 1 02

C o n so l. M o rt. 4 p e r c e n t B o n d s is s u e d .. . . . 6 ,0 7 5 ,0 0 0 00
Im p r o v e m ’t M o rt. 5 p e r c e n t B o n d s issu e d . 8 ,1 0 3 ,5 0 0 0 0 1 4 ,1 7 8 ,5 0 0 0 0




otm

gr,-. m m

W,

1 m a ü »ft*

tm

wj)

■

L
__i

'

m

^
A

© |© O © M l ) i . © t 0 © © © M © © © © © © © C 0 © © |l » . © C 0 © M H © M M © W W © t 0 © 'S ,
O lf » O W < l © M < l © © © © M i f - M © C O © t O M M t O © O t O © © O i f » .O O i |f » .< |i f » M M M ? *

S eptem ber

8, 1894.]

THE

CHRONICLE.

427

charged to “Co3t of Road and Equipment,” as shown on page-

CHICAGO MILWAUKEE & ST. PAUL RAIL- 27 of pamphlet report.
The following equipment was acquired in the purchase of
WAY COM?ANY.
the Milwaukee & Northern R R : Thirty-four locemetives,

twenty passenger cars, seventeen baggage, postal, m til and
express cars, twenty-two caboose cars, six huadced and six
teen box cars, ten stock cars, three hundred and forcy-two
The President and Directors submit to the Stockholders the flat, coal, ore and dump cars, two wrecking and tool cars.
following report of the business and operations of the Com
COMPARATIVE SUMMARY OF OPERATIONS.
pany for the year ending June 30, 1894, and of the condition
Gross Earnings.
of its property and finances at the close of that year.
The operations for the year show the following results :
1893 ..................$35,743,428 85 I
Gross earnings...................................................... $31,327,950 95 1894. ........ ...'31,327^950 95 1 D aerease.............
Operating expenses....... ....................... ............... 20,114,332 65
Operating Expenses.
1893. ..................$23,712,943 32 I
Net earnings.................................................. . • .$11,213,618 30 1894 .................. 20,114,332 65 | Decrease............ $3,598,610 6T
Income from other sources..................$100,684 17
Net Earnings.
Less interest and exchange................ 95,821 65
4,862 52
1893 ..................$12,030,485 53 I
T o ta l................................. ......................... ....$11,218,480 82 1894. .................. 11,213,618 30 j Decrease............ ..$816,867 28Fixed charges—
interest on bonds ................... 7,503,747 98
Ions o f Freight Carried.
1893. ........... . ...13,453,349
Balance above fixed charges....... ......................$8,714,732 84 1894. ........................ 10,794,058 Decrease............ ., . .2,659,291
Daring the year two dividends aggregating seven per cent
Number of Passengers Carried.
were paid on preferred stock and two dividends aggregating 1893. .........................8,634,707
four per cent were paid on common stock.
1894 .......................... 7,921,882 Decrease............ .........712,825
MILES OF TRACK.
Miles Run by Revenue Trains.
The company owns and operates 6,147*77 miles of railway,
1893. .........................24,583,573
as follows:
1894. ..........................21,705,624 Decrease........... ....2,877,949
Main track owned solely by this Company. .6,138 44
Main track owned jointly with other Com
Mileage o f Loaded Freight Cars
panies....... 1. ............... ......... .......... . . . .
9*33
1893. .......................238,700,274
.......................209,261,693 Decrease............ ...29,438,581
Total length of main track. . . . . . . . . . . . ry..
6,147 77 1894.
Mileage o f Enipty Freight Cars.
Second and third tracks and .connection
tracks owned solely by this Company., . . 212*90
1893. .........................87,923 783
Second and third tracks and connection
1894. .................*....80,883,822 Decrease............. .. . .7,039,961
tracks owned j ointly with other Companies
3*42
Cost o f Operating Road Per Revenue Train Mile Run.
1893.
Total length of second and third tracks
Decrease............ . . . . .3*79 et».
and connections................. ....................
216*32 1894. ..........................92 67 cts.
Gross Earnings Per Mile of Road.
Tracks owned by other Companies, but used
by this company under agreements...........
62*53 1893. .................... . . .$5,851 02
Yard tracks, sidings and spur tracks owned
1894. .......................... 5,096 40 D crease........... ........ $754 62
solely by this Company ............ ......... . .1,813*22
Operating Expenses Per Mile o f Road.
Yard tracks, sidings and spur tracks owned
1893. ...........................$3,881 69
36*91
jointly with other Companies.............. .
.
. 3.272 18 Decrease. . . . . . .
1894
Net Earnings Per Mile o f Road.
Total length of yard tracks, sidings and
spur tracks.. . ................. . ........................
1,350*13 1893. ..................... ..$1,969 33
............
1 824. 22
1894
Total miles of tra c k ... ..................... .
7,776*75
Average Miles o f Road Operated During the Year.
The lines of road are located as follows:
1893 ............................ 6,103*92
In Illinois...................................... ....................
318*08 miles. 1894 ... ....................... 6,147*08 1Increase............ ........... 38*16
“ Wisconsin................................................... . 1,644 73 “
The average rate per ton per mile received for freights, for
“ Iowa........................
1,55325 “
a series of years past, has been as follows, viz.:
“ Minnesota............ .............................. ,......... 1,120*09 “
“ North Dakota.................
118*21 “
_
1865 ....... 4*11 cts. 1875....... .2*10 cts. 1885. _ 1*28 cts.
“ South Dakota....... ......................................... 1,101*06 “
1886. . .. ,1*17 “
1876........ .2 04 “
1866 ....... 3*76 “
“ Missouri.;.............. . ..■ < ................ ...... .. . . ,
■■
140*27 “
1887. ....... 1*09 “*
1877........ .2*08 “
1867 .......3 94 «
“ Michigan.......... ..............
152*08 “
1888. ....... 1*006 “
1878........ .1*80 “
1868 ....... 3*49 “
1889. ....... 1*059 “
1879........ .1*72 “
186» ....... 3*10 h
Total length of main tra c k ......................... 6,147*77 “
1890. ....... 0*995 “
1880___ .1*76 “
1870 .....2*82 “
1891. ....... 1*003 “
1881........ .1*70 “
On account of the opening of the Sisseton Reservation, the 1871 ....... 2*54 H
1892. ....... 1*026 “ (
1882....... .1*48 “
branch line from Milbank, on the Hastings & Dakota Division, 1872 .....2*43 “
1893. ....... 1*026 “
1883,.... .1*39 “
has been extended from its former terminus into the reserva 1878 .....2*50 “
1894. ....... 1*037 “
1884....... .1*29 «
tion to Sisseton, a distance of 4*24 miles. The cost of exten 1874 .....2*38 “
sion to date is shown on page 27 of pamphlet report.
GENERAL REMARKS.
The gradiag for second main track on tie Chicago & Coun
The results from operation of your Company’s lines, com
cil Bluffs Division in Illinois, from Bensenvill a to Ganoa, 41*72
miles, under construction at d ite of last report, has been com pared with the previ ous year, show a decrease of gross earn
ings, $4,415,477 90 ; decrease of expenses, $3,598,610 67, and
pleted, and 5*54 miles of track have been laid tnereon.
decrease of net earnings, $816,867 23.
ROLLING STOCK.
The decrease of earnings is due to the general depression in
The following rolling-stock has been purchased :
industrial and commercial affairs which has prevailed during
2 Compartment Sleeping Cars........$39,171 93
the year.
2 Buffet Cars
.............. .
21,446 74
The earnings from freight traffic decreased $4,171,313 76.
1 Standard Mail Car.......................... 3,333 82
--------------- $68,952 49 Reference to the table of commodities in this report will show
the items in which the decrease was greatest. As compared
The following rolling-stock has been built at the
with the previous year the tons of freight carried decreased
Company’s shops:
2,659,291 tons or 19*77 per cent, the tons of freight carried
4 Locomotives.. . . . . . . . . . . . . . f . .. .$39,000 00
one mile decreased 428,931,223 or 17*11 per cent, the revenue
100 Refrigerator Cars.......... ................ 84,428 00
per ton increased 8*46 cents or 4*42 per cent and the revenue
10 B >x Carriage C ars.......... .
6,776 38
—---------- 121,204 38 per ton per mile increased *011 cents or 1*07 per cent.
The earnings from passenger traffic decreased $199,935 13.
There has also beenexpended during
The four months of July, August, September a n i October
the year for power brakes,automatic
show an increase of $769,972 62, in consequence of the World’s
couplers, steam-heat equipment and
Fair; while the other months of the year show a decrease of
other improvements to rolling-stock
$969,907
traffic by reason
the
the sum of.......
...........
50,070 63 World’s 75. The gain in passengerwas anticipated, and of was
Fair was not as large as
it
traffic ia
T o ta l............................................................... $235,227 50 lessened by the decrease in other passenger by reduced consesequence of the commercial depression and
rates
Of this amount the sum of $118,954 47 has been charged to for all passenger traffic during the six months of the Fair.
The number of passengers c rried during the year, as com
operating expenses, for replacement of cars worn out or de
stroyed by wreck, fire and on foreign roads, and one locomo pared with the previous year, decreased 712,825, or 8 *26 per cent;
the number of passengers carried one mile iacreased 24,253,tive worn out.
The remainder of the rolling-stock enumerated above—three 483, or 7*75 per cent; the revenue per passenger increased 5*31
locomotives, two buffet cars, one compartment sleeping car cents, or 6*10 per cent; and the revenue par passenger per
and one mail car—being additions to rolling stock, has been mile decreased *232 cents, or 9 66 per cent.
t h ir t ie t h

a n n u a l r e po r t , for th e
YEAR ENDING JUNE 80, 1894.




f is c a l

428

THE CHRONICLE.

LVol. L1X,

The expenses of operation for the year, as compared with | The payments of this Company for labor directly employed
*the previous year, decreased $3,598,610 67.
in its service during the past year were $12,614,433 61, and for
Repairs of track decreased $372,597 75, which is accounted material and supplies $5,365,989 37.
for by the fact that the expenditures in this item were unusu
By reason of the
inability to
ally large in 1893 —
$3,265,460 66 -a n d iocluded a large expen rates for insurance, Comnany’sdecided on theobtain reasonable
the B oard
29th of December
diture for re-ballasting some of the principal lines.
1892,
Renewal of rails decreased $453,178 61 in consequence of risks;to c-eate an Insurance Department to underwrite its fire
and the Executive Committee was authorized to organ
very large renewals during the previous two years—
which
at
amounted to sixtv-eight thousand nine hundred and three ize such a Department, and to set apart from the balance in
credit of Income
as an
tons. Renewal of ties decreased $16,165 11. Fifteen thousand surance fu n d — Account June 30th, 1892, $300,000 to be in
such fund with its accumulations
and six tons of steel rails and 1,877,953 cross-ties have been put vested
other available sein the track during the year; and there are now 5,247*94 miles curuiesin bonds of the Company, or in anywas also provided
in the Company’s treasury.
of main track laid with steel and 899*83 miles with iron rails. that such fund with all accumulations Itshould be held and
Repairs of bridges increased $88,174 71. Repairs of fences in used only to guarantee and make good losses by fire, to the
creased $6,228 80.
Repairs of locomotives decreased $436,318 86. Part of this extent underwritten by the Insurance Department, on prop
decrease is accounted for by the fact that the expenses-of last erty described in schedules and policies made in the usual
manner.
year included $163,686 6< for' replacement of twenty-one
An Insurance
small, worn-out locomotives, completing the re l'acement of direction of the Department was accordingly organized under
Executive Comtuittee, and was authorized to
that part of the locomotive equipment not fit for use.
February 11th,
of
Repairs of . cars decreased $632,931 58. Part of this de underwrite fromand the premium 1893, the schedule was prop
erty submitted;
for suchinsurance
fixed
crease is accounted for by the fact that the expenses of last at the lowest rate at which the syndicate of insurance com
year included $305,433 46 for replacement of six hundred and panies had offered to place the sam * Monthly pavments for
.
twenty-seven cars which were worn out or destroyed, while
have
Dapartment
this year the number of cars lost through the same causes such insurance 11th, been made to the Insurance year ending
from February
1893,
was three hundred and ninety-four, and the cost of replace June 30th last—16 months to the end of; the fiscal been paid
and 20 days losses have
ment, included in expenses, was $183,754 16—a reduction of by it as required, and the books of the Insurance Department
-$121,679 30 in this item.
In respect to both locomotives and cars, the decrease in vol- on that date showed a credit balance (including interest and
guarantee fund of $300,000)
ume of traffic has decreased the cost of ordinary repairs, as dividends received on the originalbalance is subject to claims
amounting to $116,257 03. This
well as the number of cars destroyed.
in process of adjustment for losses Drior to June 30ch, which
In all items which pertain to maintenance of property the
$10,000.
ye. y liberal exp :nditures made in previous years have re ''dered it is estimated will not exceed cash and Added to the original
makes $416,257 03, in
available
assets,
•it possible to meet the reduced revenues by reduction of these fund, it thè fund, to make good losses by fire to cash extent
held in
the
expenditures without detriment to the property.
underwritten by the Insurance Department. By direction of
In the items which p?rtain to conducting transportation, the Executive Committee the fund is carried on the general
there was a decrease in expenses as follows: Station service, books of the Company as of the nominal sum of $10,000. See
$349,286 69; conductors, baggagemen and brakemen, $229,073- page 34 of pamphlet report.
:*9; engineers, firemen and wipers, $332,226 68; fuel, $438 At the annual meeting in September last, the stockholders
282 06; oil and waste, $35,078 71; total, $1,383,947 43. The re
the purchase of the property of the Milwaukee &
duction in these items is principally due to decrease in ton approved Railroad Company—the ownership of the capital
Northern
nage and train service. The wages paid station and trainmen stock of that Company having been previously acquired by
were the same as the previous year.
Company. The purchase
The amount paid for mileage of cars in excess of the yourthe property transferred byhas therefore been completed
and
deed to your company, sub
amount received decreased $162,533 81—part of which is due ject to a mortgage of seventeen thousand dollars per mile.
to reduction of traffic and part to additions to equipment.
The transfer was made as of July 1st, 1893, and the operation
The amount of taxes paid increased $77,134 35 -w hich is of the lines heretofore separately reported as lines of the Mil
■due to increased assessments.
& Northern
in this re
For the purpose of comparison there is appended to this waukeepart of the Railroad Company, is included company.
port as
operation of the lines of your
report a condensed statement of earnings and expenses for All comparisons made in this report with previous years in
the four years 1891 to 1894, inclusive.
clude the Milwaukee & Northern figures for those years.
There was charged to operating expenses during the year
At the close of the last fiscal year the capitalization of this
the sum of $183,254 16 for replacement of rolling stock, of Company was, as represented by common stock, $46,027,261;
which $118,954 47 was actually expended as shown on a previ- preferred stock, $25,767,900. This has been increased during
rous page, and the balance $64,299 69 was carried to credit of the fiscal year ending June 30th, 1894, bv the issue of $206,000
Rolling Stock Replacement Fund, which at this date amounts of preferred stock in exchange for a like amount of bonds
to $110,669 05.
convertible by terms of mortgage.
During the fiscal year there were constructed 36 iron
At the close of the last fiscal year the total funded debt of
bridges and viaducts, aggregating 8,360 feet in length, re this Company was $130,805,500. To this has been added
placing an equal number of wooden structures; about two during the year the mortgage debt of the Milwaukee &
Sir
miles of wooden pile and trestle bridges were Northern Railroad Company, amounting to $7,247,000 ;
filled with earth—267 bridges being completely filled and 111 $911,000 in the general mortgage four per cent bonds of the
-others reduced in length by filling—and 306 wooden culverts Company to represent improvements and additions to property
were replaced with iron.
as specified in thè statement on pages 27, 28 and 29 of pamphlet
The most important items of this work are the followin0 * report ; and $43,500 of the same class of bonds issued in place
*
An iron railway and highway bridge, 507 feet long, over the of bonds paid and canceled prior to July 1st, 1893, and there
Wisconsin River, on the Wisconsin Valley Division; two iron has been deducted therefrom $206,000 for bonds retired by
spans, 126 and 156 feet long respectively, over the Minnesota conversion into preferred stock, leaving the total debt on the
River, at Fort Snelling • an iron bridge, 137 feet long, at Med Company’s property, $138,801,000.
ford, on*the Iowa & Minnesota Division ; an iron bridge 128
The stock of the Milwaukee & Northern Railroad Company,
feet long, over the Whitewater River, on the River Division * $6,157,850, owned by this Company, which appeared in the
an iron bridge, 154 feet long, over the Skunk River ; an iron General Account, June 30th, 1893, in the item “ Bonds, Stock,
bridge, 135 feet long, over the Mill Rice, at Ottumwa ; seven etc., of other Companies,” has been transferred to “ Cost of
iron viaducts replacing the same number of wooden trestle Road and Equipment,” leaving only a nominal sum of $30,bridges, aggregating 3,323 feet in length and ranging from •89 25 to represent this stock on the books of this Company.
'44 to 70 ft?et in height, and seven wooden trestle bridges, agJust at the close of the year a strike was inaugurated at
gregatmg 2,089 feet in length, and for 32 to 55 feet in height, re some of the principal points on the lines of your Company by
placed with embankments and permanent culverts, on the an organization of recent origin called the American Railway
Kansas City^ Division; two wooden trestle bridges replaced Union. Only a small part of your employees actually quit work,
with iron viaducts, one of them 252 feet long and 63 feet but the consequent interruption to traffic involved many more.
high, and the other 189 feet long and 57 feet high, and six Those who quit work haij no grievance against the Company.
wooden trestle bridges, aggregating 1,274 feet in length, and They engaged in the strike at the bidding of the Uaion, which
trom 24 to 58 feet in height, replaced with embankments and d'd not scruple to involve them in a controversy in which
permanent culverts, on the Sioux City & Dakota Division.
neither they nor the Company had the slightest interest.
Such portion of the cost of this work as represents the exThe management of your Company accepts the fact that
cess over the cost of renewal in the original form has been labor organizations are not to be prevented, and although their
charged to improvement account, so that the expenditures on influence has not always been good it has not discriminated
bridges for the fiscal year amounts to $697,935 66 charged to against those who are members, and has not hesitated to confer
expense account and $275,551 00 charged to improvement ac with their chosen representatives on matters of mutual interest.
count.
The brief career of the American Railway Union, however, has
During the last three years sixty iron bridges and viaducts, demonstrated that there may be organizations which are ad
segregating 10,225 feet in length, have been constructed; ministered with so little wisdona andsolittle regard for public
seven and one-half miles of wooden pile and trestle bridges or private rights, and are so reckless of consequences, evei
have been replaced with earth embankments; and 774 iron to their own members, as to be unworthy of recognition. It
pipe culverts, varying in diameter from 20 to 60 inches, have is not to be expected that an organization which has involved
been built.
its members in a controversy in which they had no interest,
-There are under construction thirty-one iron bridges, aggre in the effort to establish a principle which could not possibly
gating 1,643 feet in length, which will replace an equal num prevail, and has needles dv cost them their places in times
ber of pile bridges fourteen of which are located on the La when men are more abundant than work, will take deep root,
'Lrosse Division, sixteen on the River Division and one on the or long survive its own folly. Nor would it be prudent for
Iowa and Dakota Division. Four and one-half miles of pile railway companies to give any recognition or standing to an
and trestle bridges are being filled with earth.
organization which has recklessly involved them in the losses




S eptem ber 8,

THE CHRONICLE.

1894.]

consequent upon an effort to enforce a demand which was
mimical alike to the interest of the companies, the employees

J ’lu e

429

(C o m m e rc ia l

3 p m rs .

and th e p u b lic.

The direct interest of the railway companies in this contro
versy is of secondary importance to the greater interest of the
entire industrial system of the country, which is at stake. The
railway companies are compelled to contest the right of any
organization to replace restrictions on their power to fulfill
the obligations which are by law imposed upon them. The
transportation system of the country must not be used by any
organization as a weapon against those with whom it may
have controversy.
For details of operation, reference is made to the statements
of the General Auditor, appended hereto.
Bv order of the Board of Directors,
ROSWELL MILLER,
A u g u s t , 1894.
President.
G E N E R A L ACCOUNT JU N E 30, 1894.

Dr.
Cost o f R o a d a n d E q u ip m e n t.....................
Bonds, S tock, e tc ., o f o th e r C o m p a n ie s ..
S ink in g F u n d s :
V ic e-P re sid en t in S p e c ia l T r u s t, A c c o u n t
D u b u q u e D iv is io n S in k in g F u n d ........ . .
N ew E n g la n d T r u s t Co., T r u s te e ...............
U nited S ta te s T r u s t Co., T r u s te e ...............
F a rm e rs ’ L o a n & T r u s t Co., T r u s te e ........

$ 2 1 0 ,4 4 0 ,7 1 3 4 5
9 7 6 ,3 5 7 4 7
$ 4 6 5 ,0 0 0
7 8 ,0 2 0
1 1 ,4 7 7
409

00
00
50
08

Or.

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

3 ,9 9 5 ,5 7 0 0 0

5 ,6 7 0 ,6 4 2 5 2
$ 2 2 3 ,8 7 4 ,7 5 8 37

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

F u n d ed d e b t............................... . — . .
Wis. V a lle y D iv . S in k in g F u n d ___
D u buq u e D iv . S in k in g F u n d ..........

180 00
8 1 ,8 4 0 0 0

7 2 ,0 0 1 ,1 6 1 0 0
1 3 8 ,8 0 1 ,0 0 0 0 0
8 2 ,0 2 0 0 0
1 1 0 ,6 6 9 05
1 ,6 6 9 ,1 7 8
1,000,000
3 7 ,1 3 6
7 0 ,5 6 9
3 ,5 8 1 ,9 8 2

96
00
70
66
92
6 ,3 5 8 ,8 6 8 2 4
6 ,5 2 1 ,0 4 0 08

Incom e A c c o u n t............. ......................

$ 2 2 3 ,8 7 4 ,7 5 8 36
* See s ta t e m e n t a s to “ I n s u r a n c e D e p a r t m e n t ” o n a p re v io u s p a g e .
ST A T E M E N T O F IN C O M E A C CO U N T
FOR THE FISCAL YEAR ENDING JUN E 3 0 , 1 8 94.
B alan ce a t c r e d it J u l y 1 ,1 8 9 3 .................
$ 6 ,4 8 7 ,8 9 9 05
D ividen d N o. 4 7 , p a y a b le O c to b e r 2 0,
1893, fro m n e t e a r n in g s o f fisc a l y e a r
e n d in g J u n e 3 0 ,1 8 9 3 .
3V /o o n $ 2 5 ,7 6 7 ,9 0 0 p r e f e r r e d s to c k ..
$ 9 0 1 ,8 7 6 50
2% o n $ 4 5 ,9 5 7 ,6 9 1 co m m o n s to c k ........
9 1 9 ,1 5 3 82
Old a c c o u n ts c h a r g e d off...............................
3 4 ,0 7 1 1 7
1 ,8 5 5 ,1 0 1 49
$ 4 ,6 3 2 ,7 9 7 56
G ross E a r n in g s ..................... .............................$ 3 1 ,3 2 7 ,9 5 0 95
Less O p e ra tin g E x p e n s e s (in c lu d ’g ta x e s ) 2 0 ,1 1 4 ,3 3 2 65
N et E a r n in g s ........ ...............................t ............ $ 1 1 ,2 1 3 ,6 1 8 30
Incom e fro m o th e r s o u r c e s ........................
1 0 0 ,6 8 4 1 7
1 1 ,3 1 4 ,3 0 2 4 7

N et R e v e n u e f o r t h e y e a r.
T o ta l........... .'...................................................
In te re s t a c c ru e d d u r in g th e y e a r o n
fu n d e d d e b t................................................... $ 7 ,5 0 3 ,7 4 7
,9 5 ,8 2 1
In te re s t a n d E x c h a n g e ..................................
D ividen d N o. 4 8 , p a y a b le A p ril 1 9 ,1 8 9 4 ,
fro m n e t e a r n in g s o f fisc al y e a r e n d in g
J u n e 3 0 th , 1894.
9 0 7 ,3 3 6
3 V /o o n $ 2 5 ,9 2 3 ,9 0 0 p r e f e r r e d s to c k ..
9 1 9 ,1 5 3
2% o n $ 4 5 ,9 5 7 ,6 9 1 c o m m o n s to c k ........
B alan c e a t c r e d it J u n e 3 0 ,1 8 9 4

$ 1 5 ,9 4 7 ,1 0 0 03
98
65

50
82

1894.

2,117
12,668
16,579
49,938
130,751
39,251
01,032
16,538
l,12z,854
712
173,100
138,444
20,875
1,961
281
28,000
700
None.
8,800
None.
6,364
9,326
162,900

1893.

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

6,035
9,209
16,461
47,476
168,231
49,388
112,918
4,812
410,222
1,087
307,000
134,441
22,127
789
1,526
6,500
2,500
5,460
13,000
18,350
3,000
14,308
175,900

Lard on the spot has continued to advance, but business
has been quiet, closing firm at 9,05c. for prime Western, 8%
@8%c. for prime City and 9'30c. for refined for the Conti
nent. Trading in the local market for lard futures has been
extremely dull, but prices have continued to advance in re
sponse to stronger advices from the West and the small re
ceipts of swine at primary points, closing firm.
DAILY CLOSING PRICES OF LARD FUTURES.

Sat.
S e p te m b e r ......................... 8 ’8 0
Ja n u a ry . . . . . . .
............... ..

Mon.

Tues.

Wed.

Thurs.

Pri.

....
....

9 '0 0
....

9 ‘0 0
8*50

9 ’0 0
8 '5 5

9 '0 5
8 ’52

Pork has sold moderately well at firmer prices, closing at
$15 50@$15 75 for mess. Cutmeats have been in limited re
quest and firm. Tallow has been quiet but steady, closing at
4%@4 15-16c. Cottonseed oil has been firm but quiet at 30c.
for prime crude and 34c. for prime yello v.
Raw sugars have been quiet at about former rates and
without special feature. Centrifugal quoted at 3%c for 96deg. test and muscovado at 3^c. for 89-deg. test. Refined
sugar neglected but steady in price ; granulated quoted 5c.
Other staple groceries less active but steady.
Coffee of all kinds dull and prices in buyers’ favor. Rio
quoted at 15%c. for No. 7 ; good Cucuta, 18)^@18^c., and
interior Padang, 22%@23o. Contracts for future delivery
were firm early in the week, but subsequently became heavy
under report of 388,000 bags increase of world’s visible supply
during past month, and at the close still favors buyers. The
following were final asking prices :
S e p t ................... 13-70c. I D e c .......................1 2 ’30o. I M a r c h ................ 1 2 , I5 o .
O c t . . ................... 1 3 -05c. J a n .....................1 2 -3 0 o . A p r il.................... 12-150.
N o v ......................12-65o. | F e b . . . . . . ............ 12*15o. I M a y . . . . ...............12-10o.

9 ,4 2 6 ,0 5 9 95
$ 6 ,5 2 1 ,0 4 0 08

—Messrs. Redmond, Kerr & Co. offer to investors, and
strongly recommend, the 1st mortgage 5 per cent gold bonds
of the Bridgeport Traction Co., of Bridgeport, Conn., the
second largest city in the State The total issue is $2,000,000,
of which $1,300,000 have been issued upon 36 miles of
road, the remaining $700,000 being reserved in the treasury
of the company and can only be issued for new improvements
at 75 per cent of the actual cost thereof. These bonds are an
absolute 1st mortgage upon the entire street railway system
of the city and cover all real estate, equipment and other
property of every description now owned or that may here
after be acquired. The system is under operation by elec
tricity and is thoroughly equipped and laid throughout with
steel rails of from 70 to 90 pounds to the yard. The earnings of
the road are very satisfactory and are largely in excess of all
interest charges. The bonds are exempt from tax in the State
of Connecticut.




1894.

Fork.............................
L a r d . .. .. .. . . . . . . . .
Tobacco, domestic .......h h d s .
Tobacco, foreign... ............bales.
Coffee, Bio...............
Coffee, other............
Coffee, Ja v a , &c____
Su g a r................... ............hhds.
Sugar.........................
Molasses, foreign. ............ hhds.
H id es.... . . . . . . . . . ................No.
C o tto n ......................
Rosin...........................
Spirits turpentine. .............. bbls.
iar..............................
Rice, E . I .................. ..............bags.
Sice, domestic........ .............. bbls.
Linseed . . . . . . . . . . .
S a lt p e t r e ......... .
Tute butts..................
Manila hemp........... ............bales.
Sisal hemp................
Flour................... bbls. and sacks.

Sept. 1,

Sept. 1,

A u g . 1,

10,000 00

84
47
00
40

C ap ital S to c k , P r e f e r r e d ...............
C ap ital S to c k , C o m m o n .....................

R olling S to c k R e p la c e m e n t F u n d ..
P ay-R o lls a n d V o u c h e r s ...................
L oans a n d B ills P a y a b le ________ _
D ivid en d s U n c la im e d ........................
In te re s t C o u p o n s n o t p r e s e n te d ..
In te re s t a c c ru e d , n o t y e t p a y a b le .

Trade conditions are generally reported as satisfactory.
Some falling off in the movement of bulk parcels from first
hands is noticeable, but jobbers and retailers find a steadily
expanding outlet for their previously-purchased supplies, and
it is assumed will soon find it necessary to purchase a renewal
of assortments. Collections are showing improvement, and
requests for a renewal of paper are not above the average com
mon at this season. Speculation in staple merchandise con
tinues slow and careful. The administration of the new
tariff law proceeds without serious friction, the public offi
cials manifesting a disposition to deal conservatively with
the questions raised under the act. Corn has further ad
vanced upon the influence of general belief in material dim
inution of yield, and all other grains have sympathized in
tone. Flour secured increased demand for West India ship
ment, in anticipation of the imposition of higher import du
ties by the Spanish Government.
The following is a comparative statement of stocks of
leading articles of merchandise at dates given:

2 ,2 2 6 ,5 6 8 35

4 5 0 ,2 6 8 81

E P IT O M E .
F r id a y N ig h t , Sept. 7,1894.

5 5 4 ,9 0 6 58

♦ In su ran c e D e p a r tm e n t......................... —
Stock o f M a te ria l a n d F u e l.........................
M ortgage b o n d s o f th e C o m p a n y u n s o ld ,
held m i ts T r e a s u r y o r d u e fro m
T ru s te e s ..................... ....................................... 2 ,9 0 1 ,8 0 0 0 0
M ilw aukee & N o r th e r n R R . Co. 6% C on
so lid a te d b o n d s , u n s o ld , h e ld i n th e
T re a s u ry o f th is C o m p a n y ....................... 1 ,0 8 9 ,0 0 0 0 0
4 ,7 7 0 0 0
Stock of th e C o m p a n y h e ld in i ts T r e a s u r y
D ue fro m A g e n ts, C o n d u c to rs, e tc ............
D ue fro m s u n d ry C o m p a n ie s a n d in d i
v id u a ls ..............................................................
D ue fro m U n ite d S ta te s G o v e rn m e n t___
L oans a n d B ills R e c e iv a b le .........................
Cash o n h a n d .....................................................

C O M M E R C IA L

Kentucky tobacco has been in fair demand and firm. Sales
400 hhds., including 300 hhds. for export, of which 200 hhds.
were taken by France. Seed leaf tobacco has received a
moderate amount of attention and prices have been steady.
Sales for the week were 1,650 cases.
There has been a fair degree of activity to the speculative
dealings in Straits tin and prices have advanced in response
to strong foreign advices, closing steady at 16'500. Ingot cop
per has been firm but quiet, closing at 9-15c. for Lake. Lead
has declined a trifle and the close was easy at 3-20c. for
domestic. Spelter has been quiet but steady at 3-40c. for
domestic. Pig iron has been dull and without change at
$9 75ia $13 for domestic.
Refined petroleum has been unchanged at 5*15c. in bbls.,
2-65c. in bulk and 6*25c. in cases; crude in bbls. is unchanged,
Washington closing at 6c. in bbls. and 3-50c in bulk; naphtha
5%c. Crude certificates have been steady, closing at 82,%c.
bid.
Spirits turpentine has been a shade firmer, closing steady at
28%@29^c. Rosin has advanced a trifle, closing firm at
$1 12^(cell f°r common and good strained. Wool has been
quiet but steady. Hops have been dull and easy.

430

THE CHRONICLE,

[VOL. LIZ,

In addition to above exports, our telegrams to-night alse
give us the following amounts of cotton on shipboard, not
We add similar figures for
T h e M o v e m e n t o p t h e C r o p , as indicated by our telegrams cleared, at the ports named.
from the South to-ni ght, is given below. For the week ending New York, which are prepared for our special use by Messrs
this evening the total receipts have reached 38,396 bales, Lambert & Barrows, Pro luce Exchange Building
against 25,173 bales last week and 14,122 bales the previous
OX 8HIPBOARO, NOT CLEARED—FOB
week; making the total receipts since the 1st of Sept., 1894,
Sept. 7 atBearing
Great
Other Coast
38,896 bales, against 31,168 bales for the same period of
Stock.
Total.
B rita in . France Foreign wise.
1893, showing an increase since Sept. 1,1894, of 7,226 bales.

C O T T O N .

F r i d a y N i g h t , S e p te m b e r 7, 1894.

Receipts at —

Sal.

G a lv e s to n ........ .
V e la s c o , & c ___
N e w O r le a n s ..
M o b ile .................
F l o r i d a ...............
S a v a n n a h ..........
B ru n s w ’k ,& c.
C h a r le s to n ........
P t. R o y a l, &c.
W ilm in g to n ....
W a sh ’to n , &o.
N o rfo lk ...............
W est P o in t...
N ’p o r t N ., &o.
N ew Y o r k ......
B o s t o n ............ ..
B a l tim o r e ......
P h ila d e lp h ia &c

Mon.

I

Tues. 1 Wed.

I

Thurs.

1 3 ,8 0 7
187
7 ,9 8 3
828
1 0 ,3 9 6

1 ,637

3 ,5 1 4

828

3 ,1 8 2

2 ,4 1 4

437
51

3 ,7 2 6
66

1
1 ,4 1 0
424

854
92

1 ,2 0 6
61

2 ,2 3 2
187
350
134

879

1 ,1 4 0

2 ,9 8 2

1 ,9 2 9

998

2 ,468

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

......

...... ......
128

......

743

238

258

385

1 ,5 5 7

3 ,3 0 9

5 ,5 5 7
297
N one.
N one.
N one.
N one.
2 ,8 0 0
550

T o ta l 1 8 9 4 ...

Total.

New O r le a n s ...
G a l v e s t o n . .. .. .
S a v a n n a h ......
C h a r l e s t o n . .. ..
M o b ile ................
N o r f o l k .. . ........
N ew Y o rk ..........
O th e r p o r t - . . . .

9 ,2 0 4

8 ,9 3 0

7 ,4 0 1

2 ,5 7 0

2 8 ,1 0 5

167,220

T o ta l 1 8 9 3 ...
T o ta l 1 8 9 2 ...

F ri.

1 2 ,1 8 6
2 4 ,3 4 4

4 ,4 6 6
5 ,3 6 7

8 ,9 3 0
11,349

4 ,3 8 2
7 ,4 5 9

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

219,619
392,399

1.203
7 ,5 7 7
N one.
N one.
N one.
N o n e.
150
N o n e.

2 ,7 1 7
1 .084
N one,
N one.
N one.
N one.
2 ,9 0 0
700

366
884
500
500
N o n e.
3 '0
N one.
N o n e.

9 .8 4 3
9 ,8 4 2
500
500
N o n e.
320
5 ,8 5 0
1 ,2 5 0

18,053
11.876
16,774
14,442
3,237
2,641
86 632
13,565

Speculation in cotton for future delivery at this market was
only fair in volume and again failed to attract important out
20
26
199
67
181
196
6 8 9 side element. The majority of local operators adhere to
theory of a liberal yield without corresponding increase of
......
15
15
..........
consumption, but the bearish attitude is not positively ag
....
gressive, and the apparent low price makes the market sensi
78 tive to features that seem likely to modify the popular feeling.
540
552 The sale ofjeotton goods continues very fair, but spinners buy
..........
T o t’ls t h i s w e e k 3 ,1 6 8 9 ,2 5 4 6 ,7 0 2 6 ,4 6 6 5 ,358 7 ,448| 3 8 ,3 9 6 slowly, and labor difficulties at some of the Eastern
The following shows the week’s total receipts, the total since mills are not yet settled. The business period of the
current week was shortened through closing of Exchange
1894.
1893.
on Saturday by special vote, and on Monday ia
Stock.
Receipts to
This R ince Sep. This Since Sep.
observance of Labor Day. During that interval a number
Sept. 7.
1 894.
1 893.
Week. 1 1 ,1 8 9 4 .
Week. 1 ,1 8 9 3 .
of poor crop reports had coins in, complaining of rain caus
G a lv e s to n ... 1 3 ,8 0 7
1 3 ,8 0 7
7 ,4 0 9
7 ,9 7 8
2 3 ,3 7 5 ing rust and shedding, and on Tuesday the small shorts were
2 1 ,7 1 8
V e la sc o , &o.
somewhat intimidated, and renewed operations by bidding
187
137
248
248
N ew O rle a n s
7 ,9 8 3
7 ,9 8 3
^@8 points in the effort to cover engagements
6 ,4 7 9
6 ,6 7 3
2 7 ,8 9 6
3 6 ,1 5 7
M o b ile ............
828
823
1 ,2 7 0
1 ,3 9 7
5 ,6 7 9 On Wednesday the features were almost identical with those’
3 ,2 3 7
F l o r i d a ..........
of the preceding session, and another 7< 3 points advance
g>
S a v a n n a h . . . 1 0 ,3 9 6
1 0 ,3 9 6
9 ,6 2 9
1 1 ,4 1 2
1 7 ,2 7 4
1 6 ,1 9 3 made, but yesterday came a reaction and a noticeable softenmg of tone, the anxious “short” interest disappearing, and
. B r ’w ick ,& o
C h a r le s to n ..
3 ,3 0 9
3 ,3 0 9
332
355
1 4 ,9 4 2
1 2 ,7 7 7 the newly created longs of the previous two days becoming
anxious to realize. At the close pressure to sell continu es
P .R o y al,& o
and the tone is slack at further decline in value. Cotton on
W ilm in g to n ..
552
552
107
108
1 ,8 8 9
1 ,5 6 7
the spot is slow at 6 15-16c. for middling uplands.
W a s n ’n , &c
The total sales for forward delivery for the week are 282 700
N o r f o l k .........
689
689
1 ,4 1 8
1 ,5 0 6
2 ,9 6 1
5 ,3 1 2
kales-, For immediate delivery the total sales foot up this week
W e s t P o in t
8
8
4, <13 bales, including 550 for export, 2,063 for consumption,
N ’p ’t N .,& o
15
15
57
211
on
The
N e w Y o r k ...
200
200 9 2 ,4 8 2 1 3 2 ,0 7 5 —- for speculation and 2,100eachcontract. the following are
the official quotations for
day of
past week—
B o s t o n ..........
136
173
2 ,6 0 0
6,000 September 1 to September 7.
B a l tim o r e ...
78
78
300
375
8 ,2 9 1
3 ,1 1 6
Kates on and olf middling, as established Nov. 23 by the
P h ila d e l.,& o .
552
552
524
524
2 ,0 3 2
7 ,3 3 2 Revision Committee, at which grades .other than middling
T o t a l s . . . . . 3 8 ,3 9 6
38 ,3 9 6 l 2 8 ,1 17l
3 1 ,1 6 8 195,3251 2 4 9 ,5 8 3 may be delivered on contract:
Fair........................... .. 144 on. G ood O r d in a r y ................. c. 1 ^ o ft.
16

39

84

81

98

234

552

I n o r d e r t h a t c o m p a ris o n m a y b e m a d e w ith o th e r y e a r s , w e
g iv e b e lo w th e to ta ls a t le a d in g p o r ts f o r s ix s e a s o n s .

Receipts at —

1894.

1892.

1891.

1 890.

1889.

N e w O rle a n s
M o b ile . . . . . .
S a v a n n a h . ..
C h a r’ton,& o.
W ilm ’to n ,& c
N o r f o l k ........
W . P o in t,& o .
A ll o t h e r s ...

1 3 ,9 9 4
7 ,9 8 3
828
1 0 ,3 9 6
3 ,3 0 9
552
689
15
630

7 ,6 5 7
6 ,4 7 9
1 ,2 7 0
9 ,6 2 9
332
107
1 ,4 1 8
65
1 ,1 6 0

1 8 ,1 5 6
1 0 ,4 3 3
952
1 1 ,9 6 9
5 ,6 9 5
597
693
145
1 ,655

3 8 ,6 1 8
1 9 ,1 6 3
5 ,7 8 2
2 3 ,8 1 3
4 ,3 0 5
843
2 ,4 8 3
1 ,9 7 2
1 ,2 0 6

3 3 ,6 7 3
1 9 ,0 1 2
6 ,899
3 2 ,6 6 1
1 0 ,3 4 7
8,639
1 0 ,719
2 ,1 9 6
162

3 0 ,8 1 8
1 4 ,731
5 ,0 8 6
2 5 ,8 6 3
9,531
1 ,314
645
4 ,9 4 3
13

T o t. th is w k .

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

9 2 ,9 9 4

S in c e S e p t. 1

38.3961

3 1 ,1 6 8

5 6 ,2 4 1

1 3 1 .1 8 1

M id d lin g F a ir. . . ................ 7 on. G ood M id d lin g T i n g e d ...
8
E ven
S tr ic t G ood M id d lin g ........ i« o n . S tr ic t M id d lin g S ta in e d .. 7 „ 0ff.
,
Good M id d lin g .................. . 516 on. M iddling S ta in e d ................ 7j e off
S tr ic t L o w M id d lin g .......... 3W off. S tr ic t L o w M id. S ta in e d .. 2939 0 jj,
L ow M id d lin g ...................... 7 ,e off. L o w M id d lin g S ta i n e d .. .. 13 q off.
S tr ic t G ood O rd in a ry ........ 1316 off.

1893.

2 0 3 ,2 2 3 ' 144,618

for the weekending this evening reach a total
i - r T k a l e s , of which 14,882 were to Great Britain, ___
to France and 2,761 to the rest of the Continent. Below are
the exports for the week and since September l, 1894.
Exports
from—
G a lv e s t o n ..,..
V elasco, & c....
N ew O rle a n s ..
M obile & P e n .
S a v a n n a h .......
B ru n sw ick ..... ,
C h a rle s to n * ...
W ilm in g to n ..
N o rfo lk ............
W e s t P o in t....
N ’p ’t N ew s, &c
N ew Y o rk .......
B o sto n ....... .
B a ltim o re ........

Week Ending Sept. 1
Exported to—

Great

6,I t 0

Week. Britain, France
6,100
104
6,200

6,200

nent.

Total.

U PLAN D S.

S a t.

G ood O r d i n a r v . .. ..................... ..
Low M id d lin g ............................ .
M id d lin g ............................
G ood M id d lin g ........ . ................
M id d lin g F a i r . . „ .......... ...............

2,284
228
50
14,863

T o tal. 1893...

7.699
* In c lu d im i p o r t R o y al,




2,657

4,941
228
50

I o n Tues Wed Th.
5%

c3

2

O'
w

G U LF.

»

S a t.

*0
©

tt

S T A IN E D .

S a t.

713,.

7 j4
7 l8
i«

6^1«

Fri.

0*18

6>x8

7*16
7»«
81,«

l 3i a

Mon Tues Wed Th.

Fri.

C
Ö

ò .

6lllf

î?16

id

o

a

Low M id d lin g ..................................
M id d lin g ______
H o li
S tr ic t M id d lin g ....................
day.
G ood M id d lin g T i n g e d ...

6 1oib

6

a

Fri.

6>«le H I

6718
67
8
Z »16
7%

Mon Tues Wed Til.

>
%

G ood O r d in a r v ..............................
Low M id d lin g ...............................
M id d lin g ............................................
G ood 1M iddling ..................... .........
M id d lin g F a i r ............

H o li
day.

8

81l6

51«
63,«
o

7
8

6%
71
«

59x8 5*xe
5*18
6I4 e n
bt4
62332 62312 62833
61*1« 6 3,« 613, s

6,100

6,100

M ARKET AND SALES.

6,200

104
6,200

The total sales 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
same days.
SPOT MARKET
CLOSED.

P h ilad elp ’a ..
T o tal.............

Conti Total

B r it’n, France nent.

From Sept. 1, 1894, o Sept. 7,1894
Exporte I to Great
Conti

_____

On this basis the prices for a few of the grades would be as
follows:

2,284
228

2,657

50

4,9 H
228
60

2,761 17,623

14,862

2,761

17,623

6,358 16,185

10,979

6,358

18,465

S a t’d a y .
M onday
T u e sd ay
W ed’d a y
T h u r’d ’y
F r id a y ..
T o ta l.

} .............
S t e a d y .................
s te a d y a t 1,« ad.
Q u ie t & s te a d y ..
Q u i e t ....................

SALES OF SPOT AND CONTRACT.

E x
p o rt.

Con- Spec- Con
sum p. u l't’n tract.

Total.

Sales o f
Futures.

d ay s.
100
450

405
645
611
402

700
1 ,000
40C

1,205
1.645
1,461
402

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

550

2 .0 6 3

2 ,1 0 0

4 ,7 1 3

2 8 2 ,7 0 0

S eptem ber 8,

TH E

1894.]

THE SA L ES a n d

P b io e s

F utures

op

are

sh o w n

by

th e

fo llo w in g c o m p r e h e n s iv e ta b le .

©© 5
-j® ®
O - i» '*
i e r".
O
0)0 )0 0 )
-J-J

0 9 )0 0 )
-i -i® -j

©© ^
x -5 2
MM-***
I »«:
'O

oooo

0 0 )0 0 )

-JX ® X
CDOl M
_
►
©©
4
COX
®
W W K )1
l
to

►
X «1 M "j
i a . 01:
\o

0 ) 0 ) 0 Ci
-jo b ® x
ertf*
o

to

0 0 )0 0 )

x x ® -i
cow ©
»»

4

obi

®

►

»»

© 05

x x
®
© © W "<

I s iw •

-j- i® ©
O O <l
©© ^
-j® ®
l a i7
':
M
0)0 )0 0 )
-j-j® -j
0 .0 w

»

4
®

I a to;

< a.®
0»

4

>
>
©» 4 » » ^
©Or) ®
if-Ol— obobM®
a 1 •JM ^
^

I & Pi
(»
0 0 )0 0 )
coco C
O
cn O' o
O'Ji W'
® *30 ►
>
® -J ¡J
•4
CÓ© ® c c o •
0 .0 *
*
I 9. 09!
Ie :
to
1 ®i ; » o ©to- q
<?iI I
© o® © o© ® o
®
OtO M to tw ©
©» fa» -S'? ^ -j -j
4
©© ® o © 2 o ©
•JO
® -J *
«
I o r1
i »*■:
CD
cp
0) occr. « i-j© -q
co© ^©
I a.®
CO
0 )0 )0 0)

«sio <
0

◄ *?i 5
© 1
2
•j
*
t « :
M
»3-JO 'S

d: :

i «F:
0 )0)00)
oooo w 00
00 00 o
►
0)0) <
co*ó
WlfI a !
to
<? I O d
CO ©CO
*
C
P

*1 1
w
i «

¿1
CD

t 9

*? 1
M|
o

©

>3©
o©
©©
i a

©

-3 -3 0 -3 .
M M ®M

M ©

H

j

1 1i

Ia

1 I

1o: :

| jjfj

I I

I a:

If- t t

to
to
to
to

00
©

100
3oO
200
100

O ct. f o r D eo.
Dec. fo r J a n .
S e p t, f o r O ct.
D ec. f o r J a n .

M
M
©M»

M
©

r-S

§

#00-q7-

» ® — # -© !

»© a»«©
m

t
*t

COMM
.M_ .co to'® oo m
if__

8 g |
frS 8

M

tf

MM C
O

_. w - — wb> ^ O'© to ©OO M O' tO©
- W »_______ ©»-to©©©®toon©©
- MU'W-l©0<t0O0'»©©©N>©O>©Mt0if-©

w to e o iM ® 0 't o x w t o

<j i*

Id : :
©
• •
;
© © M* ■ W
M
M ■ M to
51 -a ® #- x ’ : a 'lM W W w e -a ! cow

|

MH
to
Wto© CO©
© © o. w © © m

©

1 li

MM
M-J W
©®©

W Mw C o©m tO»©
W ©O
© © to
#- co to

|M tOaW' ■ ©W O © WO ©00©©Ot0OlW 00© O M
®
tO O © O '
© M «M

I I

I l

exoh.
exod.
exoh.
exoh.

...
1 • M
0

M W©CO tOM -a
MCOlf©WWMO-M^. I— #-«1» m
©t0©©00M -l© t5W t0if-M t0

►
1 1

6
0

© © © - J W O . M l t . C O : W © tO W » t O l f - 0 O
CH
if-W O
|M t s 00 W © If-M 00 © > W C © W - J © O ' W © » W t 0 t 0 M C

to

M

;

© ©j-©:
co-i-i © i-:,
© © «J M

•03
•49
•02
•06

pd.
pd.
pd.
pd.

to
to
to
to

exch.
exon.
exoh.
exoh..

200
500
100
100

«- j M cl_ u d - J c o l* fMt M
i M - tO
o
n
i

00 00 to 00© © O W1 ©W#»©©tO-JWWOO©MW©M
D

S w—

The following exchanges have been made during the week:
•12 p d .
'0 6 p d .
•02 p d .
'0 6 p d .

M
©©©

If-tO ® W © l f - M X ® . W O © W - J © O 'W © » tn t o t s M ©

COOOM OO©-

O

1a

I i :

©©©

© #.
» -JO« M O c"
M
tO
D
!

*

©

►
S

®

iMw©

to 00 M W ©

►
5 *? (
*| 5
3
M 4
S C A 00 1 9
H P
a: :
ie !
•a i :
tS 1*

►
1 1 2
»5
1d: :

q

HH
i^.
eo
o
•
M
©M W
1
tO-JXMOO _____ ______ p ta ____________ ■■
„ „ _____ »©©-JWWM*.»: 0>©t0w»t0lf-00 w

4

w
-J-JO -J
©

3

®

ia

CD

>

I i

©

q

w

to

to© *
*

Ia

I

►
4
2
**
:

M M ®M
W ©

>
-J-J >
4
I
3
CW M ©i
U
!^
i « r1 1
;
z 13c

I I

S

sC SM i t ? i t s

MM

M ©

©#-

°

! a *•:

-j
-1-3©©
© 0® ©

-JO

◄

2 2 P 2.P

4
2
*

<i©
o©
©w

©M®W 111 I
©M M

©©

L ondon s t o c k ....................
C o n tin e n ta l s to c k s .........
In d ia a flo a t f o r E u r o p e .

ob® ® ob
00

00 CD
If-W

"? l

160,000 253,000 212,000 204,000
8,000 13.000 18,000
10,000
172,200 131,200 18«,200 148,900
34.000 30.000 34.000 39.000
8,000 11.000
14.000 25.000
390.200 447,200 453,200 420,900
1,523,688 1,707,338 2,129,755 1,236,857
1.913,888 2,154,538 2,582,955 1,657,757
478d.
4Jsd.
4d.
82> ,a
iS d.
M id d lin g U p la n d , L iv e r p o o l..
73 :fiC
.
8»40.
a#
O
So.
M id d lin g U p la n d , N ew Y o rk ..
45gl.
6Ji«d.
55lfd.
4T
sd.
E g y p t G ood B ro w n , L iv e rp o o l
9d.
6»«d.
558d.
P e ru v . R o u g h G ood, L iv erp o o l
Siijed.
45sd.
47l6d. 315lbd.
315, fid.
47lfed.
39lfed.
45xed. 3i316d.
T in n e v e lly G ood, L iv e r p o o l..
¡¡E The imports into Continental ports the past week have
ggbeen 16,000 bales.
The above figures indicate a decrease in the cotton in sight
to-night of 240,650 bales as compared with the same date
of 1893, a decrease of 689,067 bales from the corresponding
date of 1892 and an increase of 256,131 bales over 1891. a t t h e I n t e r i o r T o w n s the movement—that is the receipts
for the week, and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1893—is set out in detail below.

OO) o o

05

1894.
1893.
1892.
1891.
9 7 4 ,0 0 0 1 ,1 1 8 ,0 0 0 1 ,2 9 0 ,0 0 0 7 9 6 ,0 0 0
S to c k a t L iv e r p o o l..........b a le s .
1 0 ,0 0 0
8 ,0 0 0
1 3 ,000
1 8 ,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 ita in s to c k . 9 8 4 ,0 0 0 1 ,1 2 6 ,0 0 0 1 ,3 0 3 ,0 0 0 8 1 4 ,0 0 0
9 ,‘ 0 0
6 ;« 0 0
3 ,6 0 0
S to o k a t H a m b u r g . . . . . . . . . . . . .
2 9 ,0 0 0
8 5 .0 0 0
8 8 ,0 0 0
5 6 ,0 0 0
S to c k a t B r e m e n . . . . ........ ...........
9 6 ,0 0 0
1 4 .0 0 0
2 2 ,0 0 0
1 9 ,0 0 0
S to c k a t A m s te r d a m ..................
1 0 ,0 0 0
200
200
300
S to c k a t R o tte r d a m ....................
200
9 .0 0 0
8 ,0 0 0
7 ,0 0 0
S to c k a t A n tw e r p ..............
1 0 ,0 0 0
3 3 9 ,0 0 0
3 7 1 ,n 0 0 1 7 7 ,0 0 0
S to c k a t H a v r e ...... ....................
3 2 2 ,0 0 0
6 .0 0 0
9 ,0 0 0
8 ,0 0 0
6 ,0 0 0
S took a t M a r s e ille s ..............
9 3 .0 0 0
7 2 ,0 0 0
7 0 ,0 0 0
S to c k a t B a r c e lo n a ......................
7 4 ,0 0 0
1 8 .0 0 0
1 3 ,0 0 0
6 ,0 0 0
10,000
S to c k a t G e n o a .. . ........
2 9 .0 0 0
4 2 ,0 0 0
3 8 ,0 0 0
3 5 ,0 0 0
S to c k a t T r i e s t e .......... .
5 9 2 ,2 0 0 6 0 2 ,2 0 0 6 4 1 ,2 0 0 3 8 4 ,9 0 0
T o ta l C o n tin e n ta l s to c k s ..
T o ta l E u r o p e a n s to c k s . . . . 1 ,5 7 6 ,2 0 0 1,7x8',200 1,934, •'00 1 ,1 +8,900
In d ia c o tto n a flo a t fo r E u r o p e .
3 4 ,0 0 0
3 0 ,0 0 0
3 4 ,0 0 0
3 9 ,0 0 0
A m e r. o o tt’n a flo a t f o r E u r o p e .
3 2 ,0 0 0
3 9 ,0 0 0
3 5 ,0 0 0
4 6 ,0 0 0
E g y p t, B ra z il,& c .,a flt f o r E ’r ’p e
1 4 ,0 0 0
2 5 ,0 0 0
8 ,0 0 0
1 1 ,6 6 6
S to c k in U n ite d S ta te s p o r t s . .
1 9 5 ,3 2 5 2 4 9 ,5 8 3
4 4 0 ,9 1 8 2 9 0 ,1 6 6
8 to c k in U . S. in te r io r to w n s ..
5 5 ,9 1 3
7 9 .9 2 8 1 2 8 ,7 0 6
6 6 ,5 3 0
U n ite d S ta te s e x p o r ts to -d a y .
6 ,2 5 0
2 ,8 2 7
2 ,1 3 1
6.161T o ta l v is ib le s u p p l y . . . . . . . 1 ,9 1 3 ,6 8 8 2 ,1 5 4 ,5 3 8 2 ,5 8 2 ,9 5 5 1 ,6 5 7 ,7 5 7
O f th e a b o v e , to t a l s of A m e ric a n a n d o th e r d e s c rip tio n s a r e a s fo llo w s:
L iv erp o o l s t o c k . . . . . . . . .b a l e s . 8 1 4 ,0 0 0 8 6 5 ,0 0 0 1 ,0 7 8 ,0 0 0 5 9 2 ,0 0 0
C o n tin e n ta l s t o c k s ........ ..
4 2 0 ,0 0 0 4 7 1 ,0 0 0 4 1 5 ,0 0 0 2 3 6 ,0 0 0
A m e ric a n a flo a t f o r E u r o p e . . .
3 2 ,0 0 0
3 9 ,0 0 0
3 5 ,0 0 0
4 6 ,0 0 0
U n ite d S ta te s s to c k ..................... 1 9 5 ,3 2 5
2 4 9 ,5 8 3
4 4 0 ,9 1 8 2 9 0 ,1 6 6
U n ite d S ta te s in te r io r s to c k s ..
5 5 ,9 1 3
7 9 ,9 2 8
1 2 8 ,7 0 6
6 6 ,5 3 0
U n ite d S ta te s e x p o r ts to - d a y .
6 ,2 0 0
2 ,3 2 7
2,131
6 ,1 6 1
T o ta l A m e r ic a n .................... 1 ,5 2 3 ,4 3 8 1 ,7 0 7 ,3 3 8 2 ,1 2 9 ,7 5 5 1 ,2 3 6 ,8 5 7
E ast In d ia n , B ra zil, <£c. —

© © ¡4
oo o
>
coco *
*
I a .00:
to

Q -j
C

431

C H R O N IC L E .

cn ■ W: © !

S e p t, f o r O c t.'
O ct. f o r J u n e .
S e p t, f o r O ct.
D eo. f o r J a n .

ffi -J" toM •
M ©towtoG : MO
O
O
©«jMto! w©-i; ©©©©D ©©©©© W C
wtoto©' coow* co®toooyao#-©© m! wax
om
-Jto©

R -ll

»
w c o a to
to
m © H ts w
to to
a-i m©toMwto#-wo o>-a» ©o o crto» -Jm- j© *O f
<
<© © © <® W 'O’ir©«j<i©^W©C©'lO
iM OtO® t0O M tO ©
W
CM
J #-if-©*•, OM© C3W M -aO’O © -l© l«-CO CO M O S'
>
©
W tO
-i
to to en e o -

• j - '® t » e M '
T h e V i s i b l e S u p p l y o p C o t t o n to-night, as made up by cable
and telegraph is as follows. The Continental stocks, as well as
those for Great Britain and the afloat are this week’s returns,
and consequently all the European figures are brought down
to Thursdav evening. But to make the totals the complete
figures for to-night (Sept. 7), we add the item of exports from
the United States, including in it the exports of Friday only.




w

I

m

* L o u isv ille fig u r e s “ n e t ” In b o th y e a r s ,
t T h is y e a r ’s fig u re s e s tim a te d .

The above totals show that the interior stocks have decreased
during the week 1,422 bales and are now 24,015 bales less than
at same period last year. The receipts at ail the towns have
been 14,097 bales more than same week last year and since
Sept. 1 are 12,367 bales greater than for same time in 1893.

432

THE CHRONICLE.

Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s . —

[Vol. LIX.

W e a t h e r R e p o r t s b y T e l e g r a p h . —Reports to us by tele
graph this evening from the South indicate that there has
been rain in almost all sections during the week, but that in
CLOSING QUOTATIONS FOB MIDDLING COTTON ON—
Week en d in g
general the precipitation has not been excessive. It is claimed
Sept. 7
S a tu r .
M on.
r® eflt. ra1^8 have injured cotton in some districts and in
,9
Tues.
W ednes. T hu rs.
F ri.
< ^ er districtstbere are complaints of damage by rust, blight
Galveston...
6ifl
6*2
6*a
6*2
6*2
shedding and boll worms. At the close of the week the
New Orleans
62
^
£7lfi
632
m
Mobile..........
weather is
which had
b7ifi
m is
67ie
67ifi
67ifi interruptedmore favorable as a rule. Picking, progress. been
I k16
Savannah...
by the rain, is now making good
6s] fi
6Bi«
63g
65lts
683
£r1
6
Charleston..
6516
638
t>
5ie
63s
Galveston, lexas.—The crop is doing well. It has rained
Wilmington.
65g
b®
ö
65¿
65s
Nominal on two days of the week, the precipitation reaching sixteen
N orfolk......
6^2
63fi
6*2
632
B oston........
b7
8
67
8
6i5ia
6i5ie
6*8
an™
lncb' The thermometer has averaged 84
67
s
Baltimore...
7*8
71s
the highest bemg 88 and the lowest 79. August rainfall nine*
718
71s
Philadelphia
734
75lfi
75ie
inches and forty-nine hundredths.
Augusta.. ..
614
6%
63s
b6ifi
s i 1®
Memphis....
Palestine, Texas. It has rained on two days during the
6 *8
1
6»16
6910
6%
6yifi
69iß
St. Louis....
6
83
b5
!
65g
63s
65s
^ et k’ mu tb,e extent of seventy-three hundredths of an
6%
Houston... .
61
*
6^
6>s
61a
63«
6I2
inch. The thermometer has averaged 82, ranging from 70 to
Cincinnati. i
7
7
7
7
7
7
94. During the month of August the precipitation reached
Louisville...
b5
^
6%
6%
6%
6%
6%
five inches and forty-five hundredths.
The closing quotations to-day (Friday) at other im portant •
ntsviUe, Texas.—There has been rain on three days duroouthern markets were as follows.
mg the week, retarding picking, the rainfall reaching one
6316 Little R ock....
....
Newberry.........
inch and fifty hundredths. The thermometer has ranged
Columbus, Ga.
6
Montgomery...
6 i8 Raleigh..........
618
fr?“ 70 .to.
averaging 81. During the month of August
Columbus, Miss
6
Nashville.........
6%
6 I4
rainiall six inches and thirteen hundredths.
Eufaula..........
... 1Natchez.........
6 5ifi Shreveport.....
611e
Dallas, lexas. Rains have slightly injured cotton in a few
I R e c e i p t s f r o m t h e P l a n t a t i o n s . — The following table
indicates the actual movement each week from the plantations. places and have retarded picking generally thoughout the
Ih e figures do not include overland receipts nor Southern btate. Fair weather the latter part of the week has enabled
consumption; they are simply a statement of the weekly farmers to push picking. We have had rain on three days of
movement from the plantations of that part of the crop which tbe week, the precipitation reaching one inch and seventeen
hundredths. Average thermometer 80, highest 96 and lowest
finally reaches the market through the outports
j '■ Ramfa11 for August five inches and forty-four hun
dredths.
VPetk
Receipts at the Ports. St’k at Interior Towns. Rec’pts from P lant’ns.
San Antonio, Texas. —
There has been rain on two davs
Unding—
1892. 1893. 1894. 1892. 1893. 1894. 1892. 1893.
1894.
dnring the week, the rainfall being one inch and twenty-three
A ug. 8...... 8,656 10,713 3,944 152,473 91,651 62,859 5,622
4,576
858 hundredths of an inch. The thermometer has averaged 82,
“ 10.......
6,101 9,243 5,732 147,953 84,667 59,935 1,581 2,259
2,808 the highest being 96 and the lowest 68. During the month of
“ 1 7 ...
5,703 12,218 7,213 131,856 79,179 56,939
6,760 4,217 himdredihs6 ramfa11 reached six inches and ninety-eight
U 24:...
11,878 12,434 14,122 128,629 76,824 55.819 8,651 10,079
13,002
“ 3 1 ....
23,473 17,634 25,173 126,619 74,501 56,366 21,463 15,311
25,720
Doling, Texas.—It has been showery on two days of the
S ep t. 7....... 50,295 28.117 38,396 128,706 79,928 55,913
52,382 33,544 36,974 " u ’ mu Precipitation being thirty-four hundredths of an
*1.
i T
»nows: i.—m a t tne total receipts from noCbV. . 6 thermometer has averaged 82, ranging from 72 to
the piantations smce Sept. 1 in 1894 are 36,974 bales; in 92. During the month of August the rainfall reached five
inches and fourteen hundredths.
1893 were 84,930 bales; m 1892 were 56,313 bales.
Columbia, Texas.—Rain has fallen on one day of the week
2*—That although the receipts at the outports the past week
S A
i bales, the actual movement from plantations was the rainfall reaching ninety-five hundredths of an inch. The
3b,974 bales, the balance being taken from the stocks at thermometer has ranged from 70 to 92, averaging 81. During
tne interior towns. Last year the receipts from the plantation s the month of August the rainfall reached seven inches and
twenty-six hundredths.
52 382^b a ie s ^
33,544 bales and for 1892 they weie
Cuero, Texas.—We have had rain on one dav during the
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d s i n c e S e p t . 1 .— week, the rainfall reaching twenty-five hundredths of an
We give below a statement showing the overland movement inch. Average thermometer 85, highest 98, lowest 72.
for the week and since September 1. As the returns reach us August rainfall six inches and thirty-three hundredths.
Brenham, Texas. We have had rain on two days during
by telegraph late Friday night it is impossible to enter so
largely into detail as in our regular monthly report, but all the week, the precipitation reaching one inch and seven huntne principal matters of interest are given. This weekly dredths. The thermometer has averaged 85, the highest
being 98
publication is of course supplementary to the more extended sixty-twoand the lowest 72. August rainfall eight inches and
hundredths.
monthly statements. The results for the week ending Sept. 7
Belton, Texas.—Rain has fallen on two days during the
and since Sept. 1 in the last two years are as follows:
week to the extent of eighty-one hundredths of an inch. The
1894.
1893
thermometer hasaveraged 82, ranging from 70 to 94. RainS e p te m b e r 7.
tals w w ^ ° nmh thre®ia°bes and eighty-eight hundredths.
Week
Since
w eek. S ep t j
Fort Worth, Texas. W e have had rain on two days of the
mue *u^be rain^ad reaching one inch and five hundredths.
S hipped—
e thermometer has ranged from 64 to 96, averaging 80.
Via St. Louis.
4,397
720 August rainfall five inches and fifty hundredths.
Via Cairo........ .. ...........................
92
388
Via H annibal.....................
Weatherford, lexas.—W e have had rain on two days of the
Via Evansville............
week, the rainfall reaching one inch. Average thermometer
Via Louisville........................
368
155 80, highest 96 and lowest 64. Daring the month of August
Via Cincinnati... . . .
124
387
Via other routes, &c_
_
miamfa 1 r. ached S1X inches and sixty hundredths.
e
217
485
The following additional reports from points in Texas have
Total gross o verlan d ............
5,198
2,135 also reached us by telegraph to-day:
D ed u ct sh ip m en ts —
Overland to N. |W Boston, &c..
630
1,272 , McKinney, Collin {bounty.—Owing to too much rain, which
Between interior towns . . . . . . . .
3
7 has caused an overgrowth of the plant and a destructive crop
Inland, &o.,from Sou th...........’
348
332 of worms, the outlook is much less favorable. The yield
however, will depend largely upon weather conditions from
Total to be deducted
981
1,611 now on.
Leaving total net overland*..
4,217
Winona, Smith County.—The prospect is not so flattering
524
*including movement by rail to Canada.
aB A ??as one moni;h ago. It is thought now if we get as
The foregoing shows that the week’s net overland movement much this season as we did last it will be all we can expect.
i ^ b ^ a o Q 8,8
A 317 1bales> against 524 bales for the Cotton has not improved in the month of August. Picking
tbat for tbe 8eason to da*© the aggregate net commenced this week in good shape.
Plano, Collin County.—Indications are now that the worms
overland exhibits an increase over a year ago of 3,693 bales.
have damaged the crop one-third, if not one-half.
1894.
1893
Roanoke, Denton County.—Cotton picking has been retarded
I n S ig h t a n d S p in n e r s ’
T a k in g s.
^ the wet weather. Late cotton is being injured some by
w .
Since
Week. S e p t, i .
W * . sfp T '
Chico, Wise County.—The cotton crop is somewhat damaged
Beceipts at ports to Sept. 7
38,396
31,168 by the bad weather and worms in this locality.
Net overland to Sept. 7 ...............
4,217
524
Southern consumption to Sept'*7
Van Alstine, Grayson County.—While the crop throughout
15,000
15,000
our section is considerably damaged by hail and boll wSrms,
Total marketed...................
67.ÜÏ3
46,692 “ yet believe we will make something like half a bale per acre
Interior stocks in excess...." I
tl,422
5,427
on the average. The worms have done considerable damage
Came into sight during week
throughout the black-land section, but seem to be very spotted
Total in sight Sept. 7...............
5 6 ,1 9 Ì
52,119 working in one man’s crop and skipping his next-door neighNorth’n spinnerstak’gs to Sept. 7
12,367
7,101 siderably6 ramS haV6 retarded the opening of cotton very cont Decrease from September 1 .
Gilmer, Upshur Co.—The crop in the last three weeks has
d
8een1 y t h a t there has ci me into sight
b
during the week 56,191 bales, against 52,119 bales foi tbe undergone an unfavorable change, quite notably so. From
all inquiries I have made I gather that it will take from 3 to
°f 4393’ and .tllat the increase in amount in sight 4 acres on an average to make a bale, and if it continues to
to-mght as compared with last year is 4,072 bales
8
rain as it has lately it will be further damaged'j

Below we give closing quotations of middling cotton at South
ern and other principal cotton markets for each day of the week




S e p t e m b e r 8.

1894.]

THE CHRONICLE.

438

Graham,, Young Co.—The cotton in this county is much days of the week, the precipitation being twenty-four hun
better than last year at this time, but the boll worm and dredths of an inch. The thermometer has averaged 80, the
“sharpshooters” are hurting somefields of cotton very badly, highest being 88 and the lowest 73. Rainfall for the month,
and the complaint is increasing everyday from different parts of August twelve inches and eleven hundredths, on twentyof the county. Some of the early cotton was damaged by three days.
Stateburg, South Carolina.—We have had light rain on one
dry weather ; late cotton has had too much rain and has gone
day of the week, to the extent of nine hundredths of an inch,
to weed too much.
Tyler, Smith Co.—The crop has been very severely dam and there was a trace of rain on one other day. The ther
aged in the last three weeks by rust and boll worms, and now mometer has averaged 76, ranging from 67 to 85. August rain
we have showers almost daily, which will materially affect fall eleven inches and eighty-five hundredths.
Wilson, North Carolina.—It has rained on three days of the
the quality. Think we will have an average crop, though
not by any means the large crop we expected three weeks week, the precipitation reaching ninety hundredths of an
inch. The thermometer has ranged from 70 to 88, averaging
ago.
Aquilla, Hill County.—Boll worms have proved very de 79.
The following statement we have also received by telegraph*
structive to this section. In short the crop is damaged at
least one-third in our portion and no prospect of improve showing the height of the rivers at the points named a t
8 o’clock September 6, 1894, and September 7, 1893.
ment.
Howe, Grayson County.—The opinion of most planters is
Sept. 6 , ’94. Sept. 7, ’9 3 .
that the ravages of boll worms will prove, more disastrous
than was reported. Heavy rains Saturday and cloudy since,
Feet.
Feet.
4-3
3-7
which will no doubt cause further growth of the plant and N ew O r l e a n s . . .
1-2
2-6
M e m p h is ..............
lessen the chances of good opening.
0-7
1-4
N a h v ille
St. Joe, Montague County.—The prospect is not as flatter S h rse v e p o..............
3-2
0 ‘5
r t..........
1-0
2-8
ing by 25 per cent as it was thirty days ago, caused by worms V ic k s b u r g ............
and unfavorable weather.
A n n u a l C o t t o n C r o p S t a t e m e n t . —In our editorial columns
Whitewright, Grayson County.—Excessive rain has caused
the weed to grow too much, and we hear more complaint of will be found our annual crop statement, with the usual facts
worms. A few farmers are picking and report their cotton and information with regard to consumption, &c.
much lighter than they expected.
I n d i a C o t t o n M o v e m e n t F r o m a l l P o r t s . —The receipts
New Orleans, Louisiana.—There has been rain on two days
during the week, and the rainfall reached one inch and seven and shipments of cotton at Bombay have been as follows for
teen hundredths. The thermometer has averaged 80. Dur the week and year, bringing the figures down to Sept. 6.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
ing August rain fell to the extent of seven inches and thirtytwo hundredths.
Shipm ents th is week. Shipm ents since Sept. 1.
Receipts.
Shreveport. Louisiana.—There has been rain on four days
reat
T his
Since
Great
of the week, the precipitation reaching forty-seven hundredths r e a r BriVn. C onti Total. BG ita in C onti T otal. Week, Sept. 1.
r
nent.
n en t.
of an inch. The thermometer has averaged 81, ranging from
4 .0 0 0
4 .0 0 0 4 .0 0 0
4 .0 0 0
70 to 94. August rainfall five inches and eighty-seven hun 1 894
4 .0 0 0 4 .0 0 0
7 .0 0 0 3 .0 0 0
3 .0 0 0
7 .0 0 0
7 .0 0 0 7 .0 0 0
1893
dredths.
2 .0 0 0
2 .0 0 0
1892 ......
Columbus, Mississippi.—The outlook is rather discourag 1891
.... 4",000
7 ,0 0 0
1 0 ,0 0 0
4 .0 0 0
3 .0 0 0 à',0 0 0
ing; bad weather has retarded picking and is claimed to have
According -to the foregoing Bombay appears to show
damaged the crop. Rain has fallen on two days during the
week, to the extent of twenty-three hundredths of an inch. an inerease compared with last year in the week’s receipts of
The thermometer has ranged from 69 to 98, averaging 80. 1,000 bales and a decrease in shipments of 3,000 bales, and
During the month of August rainfall five inches and thirty- the shipments since Sept. 1 show a decrease of 3,000 bales.
The movement at Calcutta, Madras, and other India ports f- i
one hundredths.
Leland, Mississippi.—W e have had rain during the week, the last reported week and since the 1st of September, for two
to the extent of one inch and thirty hundredths. Average fears, has been as follows. “ Other ports” cover Ceylon,
Tuticorin. Kurrachee and Coconada.
thermometer 78'4, highest 91, lowest 67.
Meridian, Mississippi.—Picking has been retarded by the
Shipm ents since Sept
Shipm ents fo r the week.
frequent rains. There has been rain on three days this week.
Great
Conti
Great
Average temperature 76, highest 88 and lowest 66.
Total.
B rita in . Continent, Total.
B rita in . nent.
Helena, Arkansas.—Crop reports are less favorable. There
are complaints of rust, blight and boll worms and too much O a lo a tta —
rain from some places. Rain has fallen lightly on one day
1 PQ4.
1893
......................
of the week, to the extent of ten hundredths of an inch. The
a
thermometer has ranged from 68 to 89, averaging 80. During M1a8d9r4 s - ...................... 1 ,0 0 0 2 ,0 0 0
1 ,0 0 0
1 ,0 0 0
2 ,0 0 0
1 ,0 0 0
the month of August the rainfall was six inches and ninety2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
1893
......................
A ll o th e r s —
one hundredths.
3 .0 0 0
2 ,0 0 0
1 ,0 0 0
3 .0 0 0
2 ,0 0 0
1894
...................... 1 ,0 0 0
Memphis, Tennessee.—The weather has been dry and hot
1 ,0 0 0
2 .0 0 0
1,000
2 .000
1 ,0 0 0
1893
...................... 1 ,000
all the week, but rain is now threatened. The crop outlook
is good. Average thermometer 81 ’2, highest 92‘7 and lowest T o ta l a l l 5 .0 0 0
2 ,0 0 0
3 .0 0 0
5 .0 0 0
3 .0 0 0
1894
...................... 2 ,0 0 0
70'1. During the month of August the rainfall reached five
4 .0 0 0
1 ,0 0 0
4 .0 0 0
3 .0 0 0
1 ,0 0 0
3 .0 0 0
L 893..........
inches and eleven hundredths on thirteen days.
Nashville, Tennessee.—Dry weather has prevailed all the
The above totals for the week show that the movement from
week. The thermometer has averaged 80, the highest being the ports other than Bombay is 1,000 bales more than the same
week last year. For the whole of India, therefore, the total
94 and the lowest 67.
Mobile, Alabama.—Crop reports are rather unfavorable, shipments since September 1, 1894, and for the corresponding
blight rust and shedding being complained of. There has been oeriods of the two previous years, are as follows:
rain on four days during the week, the precipitation being
EXPORTS TO EUROPE FROM ALL INDIA.
thirty-seven hundredths of an inch. The thermometer has
1 892
1893.
1894
averaged 80, ranging from 70 to 91. Month’s rainfall four
Shipm ents
inches and forty-nine hundredths.
o a ll E urope
Since
Since
T h is
T h is
T his
Since
fro m —
week.
Sept. 1.
Montgomery, Alabama.—Recent rains have done slight dam
week.
Sept. 1.
week.
Sept. 1 .
age to cotton, but the crop outlook continues excellent. We
7 .0 0 0
7 .0 0 0
4 .0 0 0
B om
have had showers on two days during the week, to the extent All i t bay.............. 4 .0 0 0
7 ,0 0 0
7 ,0 0 0
4 .0 0 0
4 .0 0 0
5 .0 0 0
5 .0 0 0
h e r p o r ts
of fifteen hundredths of an inch. The thermometer has
7 ,0 0 0
7 ,0 0 0
1 1 ,0 0 0
9 ,0 0 0 1 1 ,0 0 0
9 ,0 0 0
T o ta l.. . . .
ranged from 70 to 88, averaging 79-. August rainfall four
inches and seventy-six hundredths.
A l e x a n d r i a R e c e i p t s a n d S h i p m e n t s .— Through arrange
Selma, Alabama.—We have had rain on two days of the ments we have made with Messrs. Davies, Benachi & Co,, of
week, the rainfall reaching eleven hundredths of an inch. The Liverpool and Alexandria, we now receive a weekly cable of
thermometer has ranged from 67 to 87, averaging 76.
the movements of cotton at Alexandria, Egypt. The following
Madison, Florida.—Rain has interfered with picking. It are the receipts and shipments for the past week and f<v the
has rained on four days of the week, the precipitation reach corresponding week of the previous two years.
ing one inch and forty hundredths. The thermometer has
A lexandria, E gypt,
averaged 78, the highest being 87 and the lowest 67.
1 892
1893.
1 894.
September 5.
Columbus, Georgia.—There has been rain on three days
during the week, to the extent of sixty-two hundredths of an R e c e ip ts ( o a n ta r s * ) ....
1 2 ,0 0 0
2 5 .0 0 0
inch. The thermometer has averaged 78, ranging from 69
T h is w e e k . .. .
1 2 ,0 0 0
2 5 .0 0 0
S in c e S e p t. 1 .
to 87.
Savannah, Georgia.—There has been rain on six days of the
S in ce
T h is
Since
Since
T h is
T h is
week. Sept. 1. week. Sept. 1. week. Sept. 1.
past week, the rainfall being twelve hundredths of an inch.
The thermometer has ranged from 71 to 86, averaging 79. E x p o rts (b a le s)—
August rainfall seven inches and twenty-eight hundredths.
1 ,0 0 0
1 ,0 0 0
2 ,0 0 0
1 ,0 0 0 2 ,0 0 0
To L i v e r p o o l.............. 1 ,0 0 0
1 ,0 0 0
1,000
4 ,0 0 0
5 ,0 0 0 4 ,0 0 0
Augusta, Georgia.—The weather has been warm and sultry
To C o n tin e n t.............. 5 ,0 0 0
during the week, with a trace of rain on one day. Crop reports
2 ,0 0 0
2 ,0 0 0
6 ,0 0 0
6 ,0 0 0 6 ,0 0 0
T o t a l E u r o p e .......... 6 ,0 0 0
are good as regards upland cotton, but in lowlands the pros
pect is poor. Average thermometer 78, highest 88 and low * A e a n t a r is 9 8 p o u n d s .
This statement shows th at the receipts for the week ending
est 67. Rainfall for August seven inches and thirty-nine
Sept. 5 were 25,000 cantars and the shipments to all Europe
hundredths.
Charleston, South Carolina.—We have had rain on three 6,000 bales. ~




434

THE CHRONICLE.

M a n c h e s t e r M a r k e t . —Our report received by cable to 
night from Manchester states that the market is firm for
yarns and steady for sheetings. The demand for both yarn
and cloth is improving. We give the prices for to-day below
and leave those for previous weeks of this and last year for
comparison:
1394.
3 2 « Oop.

1893.

OotVn
M id. 32« Oop.
Twist.
Uplds

81« lbs.
S hirtings.

Tw ist.

d.
d . s.
A u g .3
4
i 10
®6®8 4
“ 17
®6916 4
« 21
® 6»1fi 4
“ 31 5% ® 6 9 , b 4
4
Sep. 7

d . s.
7 ®6
7 ®6
6*a® 6
6*a ®6
6 ®6
6**®6

d.
6
6
5*s
6
6
7

d
3 i3 ie
3 78
327,2
327;i£
3 is 16
3 2 9 ,,

8*4 lbs.
Sh irtin g s.

d.
d.
6H iß® 7*a
6U -| h 97*0
6 s» 3728

8.
5
5
5
5
63g ®73s 5
6 7s ®7*# 5

«
7 ®7
7**® 7
7**®7
7*s® 7
7*3*7
8 ®7

have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
receipts for the week ending to-night (September 7) and since
Sept. 1, 1894, the stocks to-night, and the same items for the
corresponding periods of 1893, are as follows.
Sea I slan d

M o v e m e n t . —We

C otton

1894.

Receipts to Sept. 7.

Stock.

1893.

This
This
Since
Since
week. Sept. 1. week. Sept. 1. 1 8 94.

1893.

S a v a n n a h .......... ..................
C h a r le s to n ............................
F lo r id a , d e e . . . . . . . ..............

128
2

128
2

46

46

926
441
51

1,408
404
123

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

130

130

46

46

1,418

1 ,9 3 5

The exports for the week ending this evening reach a total
of — bales, of which — bales were to Great Britain, — to
France and — to Reval, and the amount forwarded to
Northern mills has been — bales. Below are the exports for
the week and since September 1 in 1894 and 1893.
Exports
fr o m —
S a v a n n a h ...
O h a rl’t ’n .& c
F lo r id a , & c.
N e w Y o rk ..
B o s to n . . . . .
B a ltim o re ..

Week E n d in g Sept. 7.

Since Sept. 1, 1 8 9 4 .

Norlh’n Mills.

Great F r’nce
Great F r’nce
B rit'n . <tc. Total. B rit’n. < c. Total.
&

Since
Week. Sept. 1

.........

....

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

..........

..........

T o t a l 1 8 9 3 ..

....

—

Months.
S e p te m b e r.
O c to b e r ....
N o v e m b er.
D e c e m b e r..
J a n u a r y __
F e b ru a ry .
M a rc h .........

1893-94.
...

A p r i l ..........

M a y ..............
J u n e .............
J u l y . .........
A u g u s t____
A d d itions*

1892-93.

1891-92.

5 1 1 ,2 7 3
1 ,6 3 7 ,5 5 5
1 ,704,608
1 ,6 1 3 .6 0 3
7 5 0 ,9 i l
3 5 8 ,4 9 7
2 S 7,113
2 3 3 ,9 1 1
1 4 2 ,9 7 5
. 7 7 ,4 9 2
6 0 ,0 2 2
8 6 ,8 6 7
6 2 ,3 0 4

5 2 2 ,5 5 2
1 ,4 6 5 ,0 6 7
1 .4 6 7 .0 6 6
1 ,2 9 0 ,7 0 5
5 5 6 ,3 7 1
4 1 2 ,6 0 4
2 9 6 ,4 2 0
1 9 8 ,6 4 5
1 3 8 /6 1
8 5 ,1 5 5
76 2 5 0
8 2 ,6 7 1
1 2 6 075

8 2 6 ,9 3 2
2 ,0 2 6 ,^ 0 5
1 ,9 2 7 ,8 8 0
1 ,6 2 2 ,4 7 5
7 5 2 ,0 2 7
7 5 9 ,0 1 2
434,<'16
2 6 6 ,3 5 4
192,629
106,7 0 2
6 9 .285
5 4 ,6 9 2
498

1890-91.
8 6 0 .2 7 4
1 ,7 2 3 ,7 5 9
1 ,6 1 5 ,9 8 1
1 ,6 4 5 ,2 2 9
9 6 5 ,4 6 3
6 2 0 ,5 5 1
4 3 5 ,3 3 1
3 2 1 .4 3 0
1 8 9 .0 2 7
1 1 0 .7 1 9
5 3 ,5 2 0
1 1 3 ,4 8 7
747

T o ta l c ro p .. . .
7 ,527,211
6 ,7 1 7 ,1 4 2
9 ,0 3 8 ,7 0 7
8 ,6 5 5 .5 1 8
* “ A d d itio n s ” in c lu d e aLl c o rre c tio n s in p o r t r e c e ip ts a n d o v e rla n d
m a d e a t th e clo se o f th e s e a s o n , a s w e ll a s th e e x c e s s in S o u th e rn
c o n s u m p tio n , a s s h o w n b y th e a c tu a l re s u lts . T h is t o ta l is in c re a s e d
o r d e c re a s e d b y in te r io r to w n s to c k s . In th e s e a s o n j u s t c lo se d th e r e
w a s a re d u c tio n in in te r io r s to c k s fro m th e t o t a l o f S e p te m b e r 1 , 1 »93,
w h e re a s in 1390-91 a n d 1891-92 th e in c r e a s e in s to c a s w a s s u ffic ie n t
to c o u n te rb a la n c e o th e r c o rre c tio n s .
J u t e B u t t s , B a g g i n g , & c .—The demand for jute bagging

has been only moderately active during the week under re
view, business beiag confined principally to the filling of
orders from the South. Prices continue fairly steady at 6c.
for
lbs., 6%c. for 2 los. a n i
for standard grades.
Car-load lots of standard brands are quoted at 6c. for 1% lbs.,
6%c. for 2 lbs. and 73^c. for 2 ^ lbs. f. o. b. at New York. Jute
butts have been quiet. Quotations are nominal. The deliv
eries of jute butts and rejections at New York and Boston
during August were 40,365 bales against 22,631 bales for the
same month last year, and for the eight months the deliveries
reached 187,397 Dales against 353,441 bales in 1893. The ag
gregate stock in the hands of importers and speculators p,t
New York and B >ston on August 31 was nil bales against
18,350 bales at the c «responding date ia 1893, and the amount
afloat for the Uaited States reaches 37,761 bales against
10,542 bales last year.
U O M P A B A T IV E P O R T R E C E I P T S A N D D A I L Y C R O P M O V E M E N T .

........ r

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

..........

*........

..........

....

......

25

25

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Sept. 7 at Savannah, for Floridas, common,
18c. ; medium fine, 15^0. ; choice, 17%c.
Charleston, Carolinas, medium fine, 20 to 23c.; fine, 25 to
80c.; extra fine, 30 to 40c., all nominal.
C o t t o n M i l l S t r i k e s , & c . —No change of importance in
the situation of affairs at Fall River is to be noted this week.
From New Bedford, however, it is reported that the Bristol
mill will start up on Monday, September 10, at the old schedule
of wages.
T e x a s C o t t o n C r o p . —-The Galveston Daily News pub
lished in its issue of September 1 its third report on the cot
ton crop of the State for the current season. Replies from
387 points in the 136 cotton-growing counties are given and
are summarized as follows :
T h e l a s t r e p o r t w a s is s u e d J u ly 7, a n d i t w ill h e re m e m b e re d
s h o w e d th e g ro w in g e ro p to b e in a lm o s t p e r f e c t c o n d itio n , in d ic a tin g
a t t h a t tim e t h e h e a v ie s t y ie ld , a c r e p e r a c r e , in th e h is to r y o f th e
S ta te . S in c e th e n t h e s itu a tio n h a s u n d e rg o n e m a te r ia l c h a n g e s .
T h e d ry w e a th e r w h ic h to J u l y 7 h a d d o n e so m u c h g o o d to t h e p la n t
c o n tin u e d u n til A u g u st, d o in g c o n s id e ra b le d a m a g e b y t h e d ro u th .
T h o n th e ra in s b e g a n a n d h a v e c o n tin u e d a lm o s t u n r e m ittin g ly in th e
c o a s t d is tr ic t a n d w ith to o m u c h fre q u e n c y e lse w h e re , u n t i l g r e a t
d a m a g e h a s b e en d o n e.
T h e r e p o r ts th is m o rn in g a r e o f a v e r a g e d a te A u g u st 29 a n d a r e fro m
3 8 7 p o in ts in 1 3 6 c o tto n g ro w in g c o u n tie s . T h e y "are n o t f a v o ra b le in
a s in g le d is tr ic t, a n d o n ly in is o la te d in s ta n c e s a r e c o m p la in ts o f so m e
c h a r a c te r n o t h e a r d . Too m u c h r a in , th e e ffe c ts o f t h e d r o u th , r u s t,
b o ll w o rm s a n d ‘ s h a r p s h o o te r s ” fo rm th e b u rd e n o f th e so n g o f n in e te n th s o f th e re p o rts .
N o rth T e x a s se e m s to h a v e b e e n m o re f a v o r e d th a n o th e r p o rtio n s of
th e S ta te . T h e r e p o r ts fro m th e r e a r e o n th e w h o le g o o d , b u t th e
s o u th e r n ti e r o f n o rth T e x a s c o u n tie s c o m p la in o f c o n s id e ra b e d a m a g e .
N o rth c e u tr a l T e x a s is f a irly g o o d , th o u g h th e c e n t r a l a n d s o u th e r n
b e lts a r e b a d , g r e a t d a m a g e b y w o rm s, r u s t a n d “ s h a r p s h o o te r s ” b e in g
re p o rte d .
E a s t T e x a s is w h a t is c a lle d “ s p o tte d .” S o m e c o u n tie s r e p o r t g o o d
c ro p s, w h ite o th e rs r e p o r t c o n s id e ra b le d a m a g e d o n e . O n th e w h o le
th e c o n d itio n is n o t goo d to s a v t h e le a s t.
S o u th w e s t T e x a s h a s su ffe re d m o re t h a n o th e r p o rtio n s o f th e S ta te
e x c e p t th e c o a s t. H e re th e d r o u th w a s v e r y in ju rio u s , a n d b e in g fo l
lo w e d b y to o m u c h r a in d a m a g e h a s b e e n d o n e b y r u s t a n d w o rm s.
T h e c o a s t h a s b e e n d a m a g e d b y d ro u th , r u s t, w o rm s a n d ro t. T h e
p l a n t i s in b a d c o n d itio n a n d th e y ie ld w ill b e s h o rt.
A llo w in g f o r m is ta k e s a n d e rro r s in e s tim a tin g th e d a m a g e d o n e
s in c e th e l a s t re p o r t, i t is e x tre m e ly c o n s e rv a tiv e to s a y t h a t th e c o n 
d itio n is fu lly 2 0 p e r c e n t w o rs e th a n o n th e d a te o f th e l a s t r e p o r t
( J u l y 7), a n d r e p o r ts o f c o n tin u e d ra in s a r e s till h e a r d . S h o u ld th è
w e a th e r c le a r in a v e ry fe w d a y s th e c o n d itio n o f th e T e x a s c ro p w ill
b e g r e a tly im p r o v e d a n d th e a b o v e e s tim a te o f i t w ill b e f o u n d p r e t t y
n e a r ly c o rre c t.




A m o u n t i n S i g h t . — Supplementary to our Annual Cotton
Crop Report, and at the request of a number of readers, we
give below a table showing the amount of cotton which came
into sight during each month of the cotton season 1893-94.
For purposes of comparison similar results for the three
preceding years are appended:

Voi
Mi i
TJpi

f>
A
4*3 4716
471k
5
5
4*4
4*3 4*4
4*3 43g
5
4*«

rVoL. L1X,

-A comparison of the port movement by weeks is not
accurate as the weeks in different years do not end on the
same day of the month. We have consequently added to our
other standing tables a daily and monthly statement, that
the reader may constantly have before him the data for
seeing the exact relative movement for the years named.
Tne monthly movements since September 1, 1893, and in
previous vears. have been as follows:
M onthly
Receipts.

T ear B e g in n in g Septem ber 1.
1 893

1892.

1891.

1890.

1889.

1888.

S e p t’m b ’r 3 7 7 ,4 0 8 4 0 5 ,3 5 5 6 7 6 ,8 2 3 7 3 2 ,2 3 6 5 6 1 ,7 1 0 3 3 2 ,0 1 7
O o to b e r.. 1 ,3 1 1 ,2 6 9 1 ,1 3 5 ,4 7 3 1 ,5 3 2 ,4 2 6 1 ,3 6 5 ,2 3 1 L,3 2 5 ,3 5 8 1 ,1 3 3 ,0 1 6
N o v e m b ’r 1 ,2 7 2 ,7 7 6 1 ,1 2 5 ,8 5 5 1 ,3 7 6 ,9 0 9 1 ,1 4 5 ,4 1 6 1 ,257,520 1 ,1 5 9 ,0 6 3
D e c e m b ’r 1,233,738 9 3 0 ,0 2 9 1 ,2 1 5 ,1 4 4 1 ,1 9 5 ,0 6 3 1 ,116,928 1 ,1 0 3 ,7 1 3
J a n u a r y . 6 8 7 ,0 2 8 4 3 6 ,4 5 7 6 6 5 ,1 6 2 8 5 9 ,9 7 9 7 0 0 ,9 0 9 7 1 8 ,0 9 1
F e b ru a ry
3 3 0 ,5 0 4 2 9 1 ,6 4 8 6 5 8 ,8 5 5 5 3 5 ,2 7 3 4 1 0 ,0 4 4 4 6 1 ,2 0 1
M a rc h . .. 2 5 7 ,1 6 3 2 4 1 ,7 5 0 37.6,400 4 2 7 ,7 0 2 2 1 3 ,6 9 7 3 3 0 ,5 1 0
A p ril....
2 1 7 ,6 0 0 2 0 2 .1 5 8 2 5 1 ,5 2 2 2 9 8 ,1 3 2 1 1 0 ,0 5 3 1 6 6 ,5 7 1
M a y ......
126,611
1 2 9 ,9 0 5 1 9 2 ,8 9 5 1 9 6 ,0 1 8
5 7 ,3 6 2
6 6 ,3 1 9
J u n e ........
6 5 ,998
9 5 ,6 8 2 101,161
1 0 1 ,8 3 4
1 8 ,1 0 2
2 5 ,1 9 1
3 1 ,7 8 3
J u l y .........
4 9 ,8 5 2
6 1 ,5 2 5
4 3 ,9 6 2
1 3 ,7 1 5
1 9 ,3 0 6
A u g u s t. .
5 3 ,8 1 5
5 1 ,3 8 7
5 4 ,1 3 8
8 8 ,608
8 3 ,1 1 0
3 8 ,3 8 8
C o rre c t’n
1 1 ,6 9 9
14,501
9 ,0 0 6
556
3 ,6 9 6
1 ,4 6 0
T o t a l . .. 5 ,9 8 3 .3 9 2 5 ,1 2 4 ,4 7 6 7 ,1 5 7 ,5 4 2 6 ,9 9 3 ,1 5 0 5 ,8 7 6 ,1 5 3 5 ,5 4 7 ,7 5 7
P e ro ’t a g e o f t o t . p o r t
r e c e i p ts A ug. 3 1 ..
99*73
9 9 87
9 9 95
99-99
99 97
C o r r e c tio n s ................
00-27
00-13
0 0 05
0 0 01
00-03
T o ta l p o r t r e c e ip ts . 1 0 0 0 0
10000
100-00
100-00
1 0 0 -0 0

This statem ent shows that up to August 31 the receipts
at the ports ia 1893-94 were 858,916 bales more than in 1892-98
and 1,174,150 bales less than in 1891-92. The daily receipts
since the 1st of September have been as follows:
1 894.
S ep.
“
“ ■
“
“
“
“

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

1893.

1892.

1891.

1890.

1889.

3 ,1 6 8
S.
9 ,2 5 4
6,702
6 ,4 6 6
5,358
7,448

3,051
2 ,8 8 0
8.
2 ,9 9 2
4 ,4 3 5
5 ,1 8 9
5,458

1,593
4 ,353
5,188
S.
1 1 ,255
6 ,0 1 4
6.407

6 ,8 9 8
9,455
6,292
1 0 ,346
1 2 ,975
S.
2 1 ,6 9 2

16,685
16,424
1 5 ,798
1 3 ,5 4 6
1 6 ,4 0 7
15,998
S.

S.
1 2 ,0 8 3
1 0 ,159
7 ,3 9 5
1 0 ,8 1 3
1 1 ,1 7 4
1 2 ,7 3 3

3 8 ,3 9 6
T o ta l. .
P e r c e n ta g e o f to ta l
p o r t r e o ’p ts S e p t. 7

2 5 ,005

31,840

6 7 ,6 5 8

9 4 ,859

6 2 ,3 5 7

00-68

00-95

00-42

01 -3 6

01-09

This statem ent shows th at the receipts since Sept. 1 up to
to n ig h t are now 13,391 bales more than they w ere to the
same day of the month in 1893 and 3,558 bales greater than
they were to the same day of the month in 1892. We add to
the table the percentages of total port receipts w hich had
been received to September 7 in each of the years nam ed.

Se p t e m b e r

THE CHRONICLE.

8, 1894.J

T h e E x p o r t s o p C o t t o n from New York this week show an
increase compared with last week, the total reaching 4,941
bales, against 3,786 bales last week. Below we give o tr
usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also tha
total exports and direction since Sept. 1,1894, and in the last
column the total for the same period of the previous year.
EXPORTS O F COTTON (BALES) FROM N EW Y O R K SINGE SEPT. 1 , 1894

Week E n d in g —

Exported to—

A ug.

A ug.

A ug.

31.

2 4.

17.

T otal
sin ce
Sept. 1.

Sept.
7. •

Sam e
p e r io d
p re v io u s
y e a r.

3 ,1 0 3
302

2 ,2 0 9
2 ,9 2 2

1 ,5 6 9
1 ,5 7 6

1 ,4 1 0
874

1 ,4 1 0
8 74

5,127

Tot . to Gt . B rit ’n . 3 ,4 0 5

5 ,1 3 1

3 ,1 4 5

2 ,2 8 4

2 ,2 8 4

6,121

L iverpool...................
O th e r B r itis h p o r ts ..

994

2 ,128

H a v r e . . . . ......................
O th e r F r e n c h p o r t s . .

.. . . . .

Total F rench . . . .

S a tu rd a y M onday. Tuesday. Wednes. T h ursd’y. F riday.

Spot.
M a rk e t, \

1:45 p.

m. )

B r e m e n .........................
H a m b u r g ...............—
O th e r p o r t s . ...............

200
500
1 ,0 7 4

254
801
1 ,8 0 0

149
217

705
49
106

106

1 ,7 7 4

2 ,8 5 5

366

860

860

3 ,3 1 2

S p a in , I t a l y , & o ........ .
4.11 o t h e r .......................

4 ,5 5 1

7 ,4 7 7

275

1 ,7 9 7

1 ,797

500

T otal Spa in , &o .,

4 ,5 5 1

7 ,4 7 7

275

1 ,7 9 7

1 ,7 9 7

500

3 ,7 3 6

4 ,9 4 1

4 .9 4 1

12.061

Grand Total . . . . 9 ,7 3 0 1 5 .4 6 3
News.—The exports

of cotton from the United
States the past week, as per latest mail returns, have reached
6,127 bales.
„ . .5 ,
Total bales.
Sh ip p in g

N ew Y o r k — o Liverpool, per steamer Taurio, 1,410.................... l,4 lo
T
To Hull, per steamer Galileo. 8 7 4 .........................................
874
To Bremen, per steamer Willehad, 7 < * 5 ................. ...............
705
To Hamburg, per steamer Bhaetia, 4 9 . . . . . . . . . . . . . . . ................
49
To Antwerp, per steamer Waeslaud, 1 0 6 .................. .................
106
To Genoa, per steamers Oevenum, 1,139 ...Pow hatan, 658 1,797
N e w O r l e a n s — o Barcelona, Der steamer Catalina, 684............
T
684
155
To Hamburg, per steamer Markomannia, 155.............................
B oston —To Liverpool, per steamers Bostonian, 1 . . . .Sachem, 4
5
To Yarmouth, per steamer Yarmouth, 10L...................................
101
B a lt im o r e —To Liverpool, per steamer Rossmore, 236.................
230
To Bremen, per steamer Dresden, 5 ........................................... ..
5
Total............— ----------------------------- ---------- . . . . . . . . . . . . -------

6,127

The particulars of these shipments, arranged in our usi al
form, are as follows:
Liverpool.

B rem en
Barreona Yar<6 Ram- Ant- <6 1
burg. werp. Genoa, mouth.

Good
business
doing.

Fu lly
In buyers’
maint’ned
favor.

Easier.

31316

3a732

327s2

327*2

32 »„a

3293ii

S pec. & e x p .

6 ,0 0 0
300

8 ,0 0 0
500

1 0 ,0 0 0
500

1 2 ,0 0 0
500

12 0 0 0
1,000

1 0 ,0 0 0
600

F utures.
Steady at Quiet at
M a rk e t, ) Steady at Steady at Quiet at Steady at 2-64 ad. 1-64 @ 2-64
partially
1-64 de
1-64 ad
1-64 de1:45 p. m .£
decline.
1-64 adv.
vance.
vance.
al me.
otine.
M a rk e t, ) Quiet but
4 P. M.

£ steady.

Barely
steady.

Barely
steady.

Quiet and
steady.

Quiet.

Quiet but
steady.

The opening, highest, lowest ana closing prices of tutuiea
at Liverpool for each day are given below. Prices are on
the basis of Uplands, Low Middling clause, unless otherwise
stated:
M o n ., S e p t . 3 .

B a t ., S e p t , 1 .

572
1 ,2 9 0
1 ,4 5 0

Tot. to N o .E urope

Firm .

Firm .

M id.U pl’d s .

2 ,1 2 8
705
49

4*5

T u e s ., S e p t 4 .

O ven S i oh L o w . Oloe. O pen R i g l L o w . 0101

September..
Sep t.-O ct. . .
O c t.-N o v ....
N ov .-D e e ...
D ec.-Jan ....
Jan .-Fe b .. .
Feb .-M oh ..
M ch.-April.
Aprll-M ay..
M a y -Ju n e ..

O pen H ig h L o w . O los..

d.
3 48
3 46
3 46
3 43
3 47
3 49
3 50
3 52
3 53
3 55

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

348
3 47
3 47
8 47
3 48
3 49
3 51
3 52
3 54
8 55

3 48
3 46
3 46
346
3 47
3 49
3 50
3 52
8 53
3 55

3 48
8 47
3 47
3 47
3 48
3 49
3 51
3 62
3 54
3 55

3 43
3 47
3 46
3 47
3 47
3 49
3 60
3 52
3 54
3 55

3 49
3 47
3 47
3 47
3 48
3 49
3 51
3 52
3 54
3 56

3 48
3 47
3 46
3 47
3 47
3 49
3 50
3 52
3 54
3 55

3 49
3 47
3 47
3 47
3 48
3 49
3 51
3 52
3 64
3 66

3 47
3 46
3 45
3 46
3 46
348
3 49
3 51
3 53
3 54

3 48
8 46
3 46
3 46
3 47
3 49
3 60
3 52
3 63
3 55

3 47
3 46
3 45
3 46
3 46
3 48
3 49
3 51
3 52
3 54

T h a n ., S e p t. 6 .

¡ W e d ., S e p t , 5 .

d.

3 48-'
3 4»
3 4&
346
3 47
3 49
3 50
3 52
3 53
3 55

F r l., S e p t. 7 .

O pen H ig h L o w . Olos. O p en H igh L o w . Oloe. Opsn H ig h L o w . O le».

September..
Sept.-O ct..
O ct.-N o v....
N o v .-D e e ...
D ec.-Jan ....
Ja n .-F e b ....
Feb.-M ch ..
M ob.-April.
April-M ay..
M a y -Ju n e ..

d.
3 49

3 47
3 47
3 47
3 48
349
3 51
3 53
3 54
3 56

d.

d.

d.

d.

d.

d.

d.

d.

d.

d.

3 50
3 48
3 47
3 48
3 4$
3 50
3 52
3 53
3 55
3 56

3 49
3 47
3 47
3 47
3 48
3 49
351
3 53
3 54
3 66

3 50
3 48
3 47
3 48
3 48
3 50
3 52
8 53
3 55
3 56

3 52
3 50
3 50
3 50
3 51
3 53
3 54
3 55
3 57
3 59

3 53
3 51
3 50
3 51
3 61
3 53
3 54
3 56
8 58
3 59

3 52
3 50
3 49
3 50
3 50
3 52
8 63
3 55
3 57
3 58

3 52
3 51
3 50
3 50
3 51
3 52
3 54
3 55
3 57
3 59

3 50
3 49
3 48
3 48
3 49
3 50
3 52
3 53
3 55
3 67

3 51
3 49
3 48
3 49
3 49
3 51
3 52
3 54
3 55
3 57

3 49
3 48
3 47
3 47
3 48
3 49
3 51
3 53
3 64
3 56

d

3 60
3 48
3 47
3 48
3 48
3 50
3 51
3 53
3 55
3 56

B R E A D S T U F F S .

F r i d a y , September 7, 1894.
There has been a fairly good trade in city mills flour for the
..........
101
5
West Indies, the expectations of an increase in the import
B osto n................. .
5 .......... .......... ..........
236
B a ltim o re ........... .
duty having a stimulating effect upon buyers. Other descrip
101
6.127 tions of wheat flour sold slowly until yesterday, when a slight
914
106 2 ,4 8 1
874
T o t a l . . . ............ ... 1 .6 5 1
buyers and a
was
Below we add the clearances this week of vessels carrying advance in wheat started homeRye flour has fair business held
brands.
been firmly
cotton from United States ports, bringing our data down tt transacted in tradeCornmeal has been firm in consequence of
owing to scarcity.
the latest dates:
the advance in corn but trade has been quiet. To-day the mar
G a l v e s t o n — Liverpool—Sept. 6 - Steamer Maria, 6,100.
To
ks tfor wheat flour was quiet and easy.
N e w O r l e a n s —To Liverpool Sept. « - Steamer Astronomer, 6,200.
The speculative dealings in the market for wheat futures
Boston —To Liverpool - Aug. 31-Steamer Norseman, 4 ........Sept. 4 —
Steamer Cambroman, 224.
have been quiet, but prices have made fractional advances in
B a l t im o r e — Liverpool - Aug. 31—Steamer Queensmore, 50.
To
response to slightly stronger European advices, increased
Cotton freights the past week have been as follows:
clearances from the seaboard points and in sympathy with
the rise in corn. In tbe spot market shippers have been mod
Fri.
Tues. Wednes. T hurs.
Mon.
erate buyers and prices advanced slightly with futures. Yes
S a tu r.
terday the sales included No. 2 at 2^@3c. under December,
|
2
S32
L iv erp o o l, s te a m .d
S33
S,32
3sa
delivered, and 2c. under December, f. o. b. afloat. To-day the
....
j
■
764
764
764
Do
la te r..d .
market was firmer during early ’Change in sympathy with an
J
25t
211
25t
251
i
H a v re , s t e a m . . d.
advance in corn, but later declined in response to a break in
....
;
—
—
2
....
Do
s p o t ........ d.
the same article. The spot market was moderately active
20t
20t
25t
20t
:
i
B re m e n , s te a m ., d.
and firm. The sales included No. 2 red winter at 2%%2%c.
....
....
....
;
1
BS2
Do
l a t e r . . . d.
under December, delivered, and l % rcb \% c. under December,
hi
hi
%
H
>
■
H a m b u rg , s te a m d .
f. o. b. afloat; also No. 1 hard at aoout 9%c. over September
c
B
....
®S2
®32
632
Do
l a te r., d.
delivered.
N ew Y o r k . . . . . . .

1 ,4 1 0

B u ll.
874

Ams’d a m , stea m .e.
O
w
R ev al, v ia H u ll.d .
;
D o v . H a m b d.
:
B’lo n a , d i r e c t . . . d.
;
G e n o a, s t e a m . . .d .
®
Do
l a t e r d.
;
T rie ste , v .G e n o a .d .
;
A n t w e rp , s te a m .d .
t C e n ts n e t p e r 1 0 0 lb s

o
a
■
:
;
1
j
;

754
155

25t
U P4

316
316
964
28t
U 64
®
39

U»6

1 ,797
684

Total.
4,941
839
108
241

2 5 - 2 7 h t 2 5 -2 7 hit 2 5 - 2 7 h t
»’ft!® 3!« Ile4 '93i6 1;i 64®316
316
S16
8ie
5S2
532
3ie
23+
28t
III
311
; 311
B it
316'
S16
31 J
<
3s*
3se
3S2

D A ILY CLOSING P RICES OF NO. 2 RED W INTER W H EAT.

Sat.

S e p te m b e r d e liv e ry .........0.
O c to b e r d e liv e ry ___ . . . e.
.0
D e ce m b e r d e l i v e r y .. .. .o ..
0
M ay d e liv e ry .................... ,o..

57 78
5 8 78
61
65 7s

Mon.
Ï >
)
W

Tues.

Wed.

Thurs.

F ri.

58»«
59
611«
6618

58
• __
61
65 7s

58*8

5 3hl

ô lh
66h

61h,
66h

Considerable more attention has been given to the specula
t i v e . market for Indian corn futures and prices have made
a decided advance on good buying both for “ shon” and “long”
account, stimulated by the smallness of receipts and the poor
outlook for the coming crop, it being generally estimated that
L i v e r p o o l . —By cable from Liverpool we have the followir g
the total yield of this country will not exceed 1 ,200,000,060
statement of the week’s sales, stocks, &c., at th at port:
bushels. The spot market has been moderately.active, but
the extreme views of holders have checked trade to a consid
Sept. 7.
A ug. 24 A ug. 31
A ug. 17.
erable extent. Yesterday the sales included No. 2 mixed at
62,000 65c. in store, 653^^66c. delivered and 66c. f. o. b. afloat. To
5 5 ,0 0 0
5 0 ,0 0 0
5 3 ,0 0 0
S ales o f th e w e e k ............ b a le s.
2,700
1,700 day the market opened active and higher, but later free real*
1 ,8 0 0
3 ,0 0 0
O f w h ic h e x p o r te r s to o k ...
800 izing sales by longs, prompted by a report that a cargo of bar
900
200
200
O f w h io h s p e c u la to rs to o k ..
51,000
4 2 ,0 0 0
4 5 ,0 0 0
4 4 ,0 0 0
S ales A m e ric a n ............................
5 ,0 0 0 ley had been sold in Russia to come to this country for feeding
4 ,0 00
1 0 ,0 0 0
1 0 ,0 0 0
A c tu a l e x p o r t . . . . . . . . . . . . . . . . . .
6 2 ,000 purposes, caused a sharp decline.
The spot market was
4 7 ,0 0 0
4 7 ,0 0 0
5 5 ,0 0 0
F o r w a r d e d . .. .. . ..........................
T o ta l s to c k —E s tim a te d .............. 1 ,1 1 2 ,0 0 0 1 ,0 8 3 ,0 0 0 l,6 3 2 ,0 i)0 97 4,000 firmer but quiet. The sales included No. 2 mired at 66c. in
O f w h io h A m e ric a n —E s tim ’d 9 3 3 ,0 0 0 8 9 4 ,0 0 0 8 5 8 ,0 0 0 8 1 4 ,0 0 0 store and 67c. delivered.
2 0 ,0 0 0
1 0 ,000
8 ,0 0 0
1 3 ,0 0 0
T o ta l im p o r t o f th e w e e k ..........
O f w h io h A m e ric a n . . . . . . . . .
A m o u n t a flo a t........... ..
O f w h io h A m e ric a n ................

5 ,0 0 0
2 5 ,0 0 0
1 5 ,0 0 0

6 ,0 0 0
3 1 ,0 0 0
2 1 ,0 0 0

8 ,0 00
2 7 ,0 0 0
1 7 ,0 0 0

9,000
2 0 ,000
10,000

The tone of the Liverpool market for spots and futures ea< b
day of the week ending Sept. 7, and the daily closing prices
of spot cotton, have been as follows:




D A IL Y CLOSING PRICES O F NO. 2 M IXED CORN.

Sat.
S e p te m b e r d e liv e ry .
O c to b e r d e liv e ry _____ c.

N ovem ber d eliv ery

,.c
D e c e m b e r d e liv e ry .........c.
M ay d e liv e ry .....................c

63 7s
62h
61 h
533a
57h

Mon.
£
u

Tues.

62 h
62
6Lh
583g
57 h

Wed.

6 2 7a
62h
6 lh
58 h
5 7 7«

Thurs.
64h
6 th
6 3 7g
61
60

Fri.
63
625«
62h
59 h
58h

436

THE CHRONICLE.

[V ol.

L1X.

Oats for future delivery have been fairly active and prices
have made fractional advances on buying by “ shorts” to
cover contracts, stimulated by the rise in corn. The spot
market has been fairly active, and despite free arrivals from
the West prices have advanced with futures. The sales yes
terday included No. 2 mixed at 33V@34^c. iu elevator and
No. 2 white at 36%@37c. in elevator. To-day the market was
quiet and the close was fractionally lower in sympathy with
the -break in corn. The spot market was less active and the
close was easy. The sales included No. 2 mixed at 34J£@
34J£c. in elevator and No. 2 white at 37@37^c. in elevator.
DAILY CLOSING PRICKS OP NO. 2 M T T H T i OATS.

_
S e p te m b e r d e liv e ry ._ c.
O c to b e r d e liv e ry ___
N o v e m b e r d e liv e r y ..----0.
D e c e m b e r d e liv e ry ..
M ay d e liv e ry ..............

Sat.

Mon.

33%
34%
35%
36%
39%

c3

'Ö
O

w

Tues.
33%
34%
35%
36%
39%

Wed.
34
35
36
37
40

Thurs.
34%
35%
36%
37%
40%

Rye has been in light supply and steadily held.
The following are closing quotations:

ings, with Pepperell and Androscoggin makes advanced
per cent and New York Mills lc. per yard in wide widths and
K°- in the narrower goods. Kid-finished cambrics have ad
vanced J^c. in Edwards, Warren, Slater and Wood makes,
64 squares now being quoted at 3%c. and 56x60s at 3%c., with
still a hardening tendency in response to print cloth influ
ences. Colored cottons have been in good demand at un
changed prices. Fancy calicoes continue active and are
moving upwards. Pacific and Cocheco lines are advanced
K g- and Merrimack fancies 2% per cent. Mournings and
greys are occasionally advanced l^c., with good sales, and in
other regular prints a considerable business is doing and the
market is against buyers. Staple ginghams have sold well and
F ri
341« Amoskeag staples are advanced J^c., to 5J£c., several outside
35is makes also being raised %
<s. Dress style ginghams and
36%
37% napped dress styles in improved supplementary request.
Print cloths at the close of the week have sold at 3c. for ex
tras, with bids refused thereat, and with the manufacturing
situation unchanged a further-advance is considered probable.

FLOUR.

F in e ....................$ b b l. $ 1 7 5 ® $ 2 0 0 P a te n t, w in te r ............$ 2 7 5 ® $ 3 10
S u p e rfin e ....................... 1 9 0 ®
2 10C ity m ills e x t r a s ........
3 45
E x t r a , N o. 2 ........
2 00®
2 25R y e flo u r, s u p e r fin e .. 2 65 ® 3 10
E x t r a , No. 1 .................. 2 2 0 ®
2 4 0B u c k w h e a t f lo u r ....................® . . . .
C le a rs .............................. 2 3 0 ®
2 50C o rn m e a l—
3 50 W e s te rn , <fco............. 2 85® 3 10
S t r a i g h t s ....................... 2 5 0 ®
P a te n t, s p r in g ............. 3 3 5 ® 4 00
B r a n d y w in e .........
3 20
[W h e a t flo u r in s a o k s s e lls a t p ric e s b e lo w th o s e f o r b a rre ls .]
GRAIN.

W h e a t—
0.
0.
S p rin g , p e r b u s h .. 5 4 ® 68
R e d w in te r N o. 2 . . 58% ® 59%
R e d w i n t e r . ............ 52 ® 61
W h ite ........................ 53 ® 61
O a ts —M ix e d .p e r b u . 3 4 ® 35%
W h ite ......................... 3 7 ® 4 1
N o . 2 m ix e d ............ 34% ® 35%
N o . 2 w h ite .............. 37 ® 38

C o rn , p e r b u s h —
0.
W est’n m i x e d . . . . . .
N o. 2 m ix e d .......... . 6 6
W e s te rn y e llo w ..
66
W e s te rn W h ite ___ 6 6
R ye—
W e s te rn , p e r b u sh . 4 9
S ta te a n d J e r s e y . .
B a r le y —N o.2 W e st’n
S ta te 2 -ro w e d ........
S ta te 6 -ro w e d __
. .. .
W For other tables usually given here see page 4 1 1 .

THE

DRY

®
®
®
®
®
®
®

u.
67%
67
67
67
53

GOODS T R A D E .

September 7, 1894.
The demand for cotton goods has been on an extensive scale
this week, a large volume of business being reported in both
staple and fancy lines. That the improvement is on a sound
basis is shown by the continued absence of anything which
can be considered of a purely speculative character, as whilst
there is a tendency to expand individual operations on the
part of some of the larger buyers, both jobbers and converters,
their purchases have at no time been such as to carry them
far ahead of well ascertained requirements. The jobbing
trade is active here and elsewhere and the demand in the
primary market is in most instances of an urgent character,
denoting still generally limited stocks out of first hands. As
the deliveries have been large for some weeks past against
current business and on account of back orders this indicates
a gratifying growth in the absorbing capacity of the country.
The tone of the market is strong, with a number of further
advances in prices reported, and yet sellers show no disposi
tion to overwork the upward tendency, leaving the market to
work up on a legitimate basis in some instances and in others
under the sustained influence of still advancing prices on
print cloths. Stocks are considerably depleted in the aggre
gate, and the number of makes of both staples and fancies
sold ahead steadily increasing.
D o m e s t i c C o t t o n G o o d s . — The exports of cotton goods
from this port for the week ending Sept. 4 were 2 285
packages, valued at 1209,707, their destination being to ’the
points specified in the table bei w
N e w Y o r k , F r i d a y , P . M .,

New York

to

Sept . 4.

G r e a t B r ita in ...........................
O th e r E u r o p e a n .......................
C h i n a ............................................
I n d i a ............................................
A r a b ia ..................................... ..
A f r i c a ._____ ______ ____ _
W e s t I n d ie s ...............................
M e x ic o ...................... ..
C e n tra l A m e ric a ............. .........
S o u th A m e r i c a .. . .......... .........
O th e r C o u n trie s ........................
T o t a l......................................
C h in a , v ia V a n c o u v e r* ....

1894.

1893.

Week. Since J a n . 1.

Week. Since J a n . 1.

51
54
656
'6 7
286
75
388
650
58
2,285

4,208
2,236
66,266
5,549
15,126
5,190
12,170
1,387
5,954
32,919
2,531

234
94
255
250
”52
33
52
659
41

2,964
1,132
22,106
4,486
7,742
5,933
12,998
1,530
3,149
34,805
1,900

153,536
18,388

1,670

98,745
19,800

T o t a l . . . . . .............................
171,924
F r o m N ew E n g la n d m ill p o in ts d ire c t.

1,670

118,545

The value of the New York exports since January 1 has
been $7,997,974 in 1894 against $5,871,224 in 1893.
C o t t o n G o o d s . — Although few open advances have been
quoted in brown sheetings or drills there has been a gradual
hardening in a number of previously weak directions, with a
S°°d. business doing. Lawrence L. L. four-yard sheetings
and Uncle Remus 36-inch sheetings are quoted
higher.
A. number of advances in low-grade bleached cottons have
been made this week and as a general thing the market is
to 34c. higher for 64 squares, 4-4 and other low makes ; a
considerable business has been done in medium and fine
grades at firm prices. Large sales are reported in wide sheet




1894.
Stock o f P r in t Oloths—
A ug. 31.
H e ld b y P r o v id e n c e m a n u f a c tu r e r s . 1 7 9 ,0 0 0
F a ll R iv e r m a n u f a c t u r e r s ....................5 4 7 ,0 0 0

Total stock (pieces),

7 2 6 ,0 0 0

1893.
Sept. 1.
1 7 3 ,0 0 0
4 8 0 ,0 0 0
6 5 3 ,0 0 0

1892.

Sent. 2
N one.
N o n e.
N o n e.

D o m e s t i c W o o l e n s . —The

business in woolen goods has
shown some falling off from last week, the smaller demand
being confined to the new lines of low-grade woolens for
men’s wear, in which liberal orders were placed during the
immediately preceding weeks. In finer grades of staples and
fancies, however, there has been more doing, as buyers have
had fuller opportunities for making a selection through the
addition of lines opened for the first time this week. Some of
the prices latest announced have occasioned surprise, as they
mark a greater reduction from last season’s range than expect
ed, and may entail the revision of others previously made in
similar lines of goods. Pending this buyers may become
more circumspect. There is still a moderate demand for
heavy-weight woolens. The overcoating business is improv
ing in light-weights, fair orders being recorded, for beavers
particularly. Cloakings, cotton-warp cassimeres and cotton
mixed goods generally disclose no material change. Low
and medium grades of woolen and worsted dress goods are in
free supplementary request, but fine grades are quiet. Fair
sales at firm prices are reported in flannels and blankets.
F o r e i g n D r y G o o d s . — A good business has been done in
foreign merchandise of a general character for immediate
use, silks and woolen dress goods being in leading request.
Linens have sold well and there has been more doing in rib
bons, handkerchiefs, etc. Little has been done in woolen
dress goods for spring, and there has been a falling off in the
demand for men’s-wear woolens.
Importations an i W areh..use Withdrawals of Dry Goods«

The importations and warehouse withdrawals of dry goods
at this port for the week ending September 6, and since Jan. 1,
1894, and for the corresponding periods of last year are as
follows:

Septem ber

THE CHRONICLE,

8, 1884.]

4:67

Equalized Valuation of New York State.—The N. Y. State
Board of Equalization has passed upon the valuation figures
for 1894. According to the report made public this week the
t e r m s o f s u b s c r ip t io n .
total assessment of real and personal property for this year
Commercial and Financial CHRONICLE c o n  shows an increase of $161,823,109 on the total reported in
1893. Of this increase $135,034,291 is found on the enrollment*
tains 4 0 t o 64 p a g e s, p u b lis h e d e v e r y w e e k .
State and City Supplement o f CHRONICLE c o n  of real estate and $26,788,818 is the amount which has been
added to the former rating of personal property. The assessed
tains ISO p a g e s, p u b lis h e d p e r io d ic a lly .
valuation of real estate this year is $3,761,679,384; personal
Investors’ Supplement of CHRONICLE (a Cyclo
property, $438,202,674; total, $4,199,882,058.
paedia of Railroad Securities) contains 1 6 0 pages, published
We give below, in connection with the new figures, the
every other month.
_____ ___
table from our S t a t e a n d C i t y S u p p l e m e n t , showing the
S u b scrip tio n to CHRONICLE fo r o n e y e a r 6 1 0 .0 0 ,
equalized valuation of property in New York State for each
w h ic h in c lu d e s e v e r y is s u e o f b o th S u p p l e m e n t s .
year since 1869 and also the valuation in 1859. It was in 1859
that the State Board of Equalization was organized.
Terms of Advertising—(Per inch space.)

S t a t e a n d C ity D e î a n t m e n t ,

i--------State Tax. ------- ,
One t i m e ....................................
$3 5 0
I T n re e M o n th s (13 t im e s ) ..$ 2 5 0 0
— V aluation. ------------- , TotalEqualized R ateper
Total
O ne M o n th
(4 tim e s ) .. 11 0 0 8 ix M o n th s
(26 tim e s ) .. 4 3 0 0
Tear. Beal Estate.
Personal.
V aluation. $ 1 ,0 0 0 .
Levied.
Two M onths
(8 tim e s ) .. 18 0 0 | T w elv e M o n th s (52 tim e s ) .. 58 0 0
(The ab o v e te r m s f o r o n e m o n th a n d u p w a rd a re f o r s ta n d i n g c a r d s . ) 1 894.$3,761, ,679,384 $ 4 3 8 ,2 0 2 ,6 7 4 $4,199,882*058 .......................................
1 893. 3,626, ,645,093 4 1 1 ,4 1 3 ,8 5 6 4 ,0 3 8 ,0 5 8 ,9 4 9 $2-58 $ 1 0 ,4 1 8 ,1 9 2
1892. 3,526; ,64 5 ,8 1 5 4 0 5 ,0 9 5 ,6 8 4 3 ,9 3 1 ,7 4 1 ,4 9 9 1-98
7 ,7 8 4 ,8 4 8
37
5 ,1 9 6 ,6 6 6
The purpose of tills State and City Department 1 891. 3,397. ,234,679 3 8 2 ,1 5 9 ,0 6 7 3 ,7 7 9 ,3 9 3 ,7 4 6 134
1890. 3,298, ,323,931 3 8 5 ,3 2 9 ,1 3 1 3 ,6 8 3 ,6 5 3 ,0 6 2 28 ,6 1 9 ,7 4 8
is to furnish our subscribers with a weekly addition to and 1889. 3,213, 1 7 1 ,2 0 1 3 5 4 ,2 5 8 ,5 5 6 3 ,5 6 7 ,4 2 9 ,7 5 7 352
1 2 ,5 5 7 ,3 5 2
,4 6 9 ,1 9
3 4 6 ,6 1 1 ,8 6 1
9 ,0 8 9 ,3 0 3
continuation of the S t a t e a n d C i t y S u p p l e m e n t . In other 1888. 3,122, ,558,084 3 3 5 ,8 9 8 ,3 8 9 3 ,3 6 1 ,1 2 9 ,9 4 5 2-62
3
8 ,1 7 7 2-70
1887. 3,025, 2 2 9 ,7 8 8
9 ,0 7 5 ,0 4 6
95
words, with the new facts we shall give, the amplifications 1886. 2,899, 8 9 9 ,0 6 2 3 2 4 ,7 8 3 ,2 8 1 3 ,2 2 4 ,6 8 2 ,3 4 3 29 ,5 1 2 ,8 1 2
1876. 2,108, 3 2 5 ,8 7 2 3 5 7 ,4 4 1 ,4 0 1 2 ,4 6 6 ,2 6 7 ,2 7 3 329
and corrections we shall publish, and the municipal laws we 1875. 1,960, 3 5 2 ,7 0 3 4 0 7 ,4 2 7 ,3 9 9 2 ,3 6 7 ,7 8 0 ,1 0 2 6-00 1 8 ,545: ,1 7 4
4 ,2 0 6 ,6 8 0
1874. 1,750, 6 9 8 ,9 1 8 4 1 8 ,6 0 8 ,9 5 5 2 ,1 6 9 ,3 0 7 ,8 7 3 7 -0 7 l7 1 5 ,7 2 7 ,4 8 2
shall analyze in the “ State and City Department,” we expect
95
1 4 ,8 0 0 ,9 0 3
1873. 1,692, ,523,071 4 3 7 ,1 0 2 ,3 1 5 2 ,1 2 9 ,6 2 6 ,3 8 6 6to bring down weekly the information contained in the 1872. 1,644, 3 7 9 ,4 1 0 4 4 7 ,2 4 8 ,0 3 5 2 ,0 8 8 ,6 2 7 ,4 4 5 9 -3 7 ^ 1 9 ,5 8 0 ,8 8 2
1871.
S tate a n d C i t y S u p p l e m e n t to as near the current date as 1870. 1,599, 9 3 0 ,1 6 6 4 5 2 ,6 0 7 ,7 3 2 2 ,0 5 2 ,5 3 7 ,8 9 8 5-65% 1 1 ,6 1 3 ,9 4 3 ,2 8 5 ,9 7 6
1,532, 7 2 0 ,9 0 7 4 3 4 ,2 8 0 ,2 7 8 1 ,9 6 7 ,0 0 1 ,1 8 5 72634 1 4
possible. Hence if every Subscriber will note in his S u p p l e  1869. 1,418, 1 3 2 ,8 8 5 4 4 1 ,9 8 7 ,9 1 5 1 ,8 6 0 ,1 2 0 ,7 7 0 5-6212 1 0 ,4 6 3 ,1 7 9
1859. 1.097, 5 6 4 ,5 2 4 3 0 7 ,3 4 9 ,1 5 5 1 ,4 0 4 ,9 1 3 ,6 7 9 2-50
3 ,5 1 2 ,2 8 4
ment on the page designated at the head of each item a
The equalized value of realty in Kings County this year
reference to the page where the item in the C h r o n ic l e can
be found, he will at all times possess a complete and fresh was reduced $19,968,601; in Schenectady County, $679,203,
and in Albany County, $11,208,153. The equalized value of
cyclopaedia of information respecting Municipal Debts.
realty in New York County was increased $67,962,422 from
Municipal and County Indebtedness in New York $1,582,582,393 and Columbia County was increased $1,812,073.
The following shows the valuation of real estate in each
State.—State Comptroller James A. Roberts has had in
preparation for some time a report on the indebtedness of county as fixed for this year by the Board of Equalization.
Equalized
E qualized
counties, cities, towns, villages and school districts in New
Counties.
Valuation.
Valuation.
York. The attempt has been made to bring the figures down A lb Counties.
a n y .................... . . . $ 9 5 ,2 7 9 ,2 5 6 O n o n d a g a ............ . . .
$ 7 8 ,5 8 2 ,7 5 4
n rio
lle a y .................
3 0 ,7 2 0 ,8 1 7
to the date of January 1, 1894. This is the first tabulation of A ro osm n .................... . . . 3 0 ,1 4 5 ,3 1 7 O rata g e ...................
O n
.................
B
e
3 3 ,8 2 5 ,8 7 3
the kind made by the Comptroller’s Department in over thirty C a t ta r a u g u s .......... . . . 1 7 ,3 0 0 ,4 6 2 O r le a n s ................ .
1 5 ,6 6 2 ,4 7 9
2 7 ,5 2 5 ,8 4 6 O s w e a o ........ .......
C a y u g a ...................
2 4 ,2 6 2 ,0 6 3
years.
2 6 ,5 9 0 ,3 9 5 O ts e g o ....................
C h a u t a u q u a .......... . . .
1 6 ,8 4 4 ,5 8 6
a
C hem
6 ,3 4 4 ,8 0 4
The total indebtedness of the minor civil divisions of the C h e n au n g .......... .. . . . 2 1 ,0 0 3 ,1 9 4 P u tnenm ...... ...........
1 5 ,0 4 6 ,2 9 7 Q u e s ................
n g o ................
5 0 ,6 7 2 ,4 9 9
State on the first of the year, according to the returns which C lin to n ............... .
6.0H 5.079 K e n n s e la e r .........
7 1 ,4 0 0 ,5 1 0
.............
1 ,7 5 0 ,2 4 8
C
b ................
1 9 ,7 5 0 ,3 7 6
have been received up to the present date by the Comptroller, C o lu lm n ia................. . . . 2 7 ,9 6 3 ,3 4 2 R icchkm onndd.............
R o la
o rt a d
1 1 ,2 0 3 ,5 7 1
1 2 ,0 1 4 ,6 2 0 S a r a t o g a ..............
1 9 ,6 7 1 ,7 9 7
D e la w a r e ................ . . .
was $309,913,587.
4 1 ,8 7 4 ,2 9 2 S c h e n e c ta d y ........
D u tc h e s s ___ _. . . . . .
A classification of the public indebtedness in each county is E r ie ......................... . . . 2 5 0 .2 0 6 ,1 2 6 S c h o h a rie .............
1 1 ,4 8 7 ,4 2 7
1 0 ,2 9 2 ,6 8 5 S c h u y le r ...............
E s s e x ..................... . . .
6 ,1 1 2 ,1 6 7
given in the following table:
8,246,881 S e n e c a ...................
F r a n k ii n ...............
1 5 ,3 6 0 ,9 3 0

bounties.

Debts of
Counties.

$809,000
A lbany ............
A llegany.........
8,000
B room e...........
11,800
C attaragus . . .
10,0u0
Cayuga............
C h a u ta u q u a ..
7,000
C hem ung.......
Chenango . . . .
51,000
C lin to n ...........
146,600
C o lu m b ia.......
C o rtla n d .........
D e la w a re .......
D u tc h e s s .......
681,500
E r ie .................
E s s e x ..............
' 28,000
F ra n k lin ..........
F u lto n ............
G e n e s e e .........
275,000
G reene............
H e rk im e r.......
Jefferson .........
Kings .............. 7,113,644
L e w is ..............
L iv in g s to n .. . .
M adison...........
M onroe............
22,500
M ontgom ery..
New Y ork .......
74,000
N iagara...........
O n eid a.............
191,000
O nondaga....
O ntario ............
21,000
O range.........
O rleans............
110.000
O sw ego...........
30,000
O ts e g o ............
6.000
P u tn a m ...........
836.447
Q ueens............
361,000
R en ssela er ...
R ic h m o n d . . . . 1,054,400
R o c k la n d . . . . .
S a ra to g a . . . . . .
S c h e n e c ta d y ..
S c h o h a rie .......
S c h u y le r.........
Seneca ............
St. L a w re n c e ..
50.000
S te u b e n .......
25.000
S u ffo lk ............
S u lliv an ...........
20,000
T ioga................
15,0 0
T o m p k in s ___
778,220
U ls te r ..............
W a rr e n ...........
17,000
W a s h in g to n ..
W ayne_ ....
_
129,194
W e stc h e s te r..
W y o m in g .......
T a te s ................

Total.

.$12,882,305




Debts of
C itir S .

$4,227,319
325,000
12,000
577,500

1.771,000
11,118,470

45,491,451

669.000
95,005,330
616.666

200.000

4,051,655

794,570
725,000
2,161,000

336,000

157,000
40,000

75,000
381,597

Debts of
Towns.

$17,547
61.304
34,480
45.550
460.000
100,800
137.800
699,181
73.304
77,700
541,630
666,419
312.000
272,400
31,847
26,035
107,500
16,500
39,350
66,774
489.000
2,310,586
37,560
129 633
670.800
99.000
16.000
451,000

Debts o f
Debts of
Villages. School Dists.
$64,600

$18,222

7,000

13,000

60,000

494,500

2,136,150
31,000
............
210,500

6,423,151
25,000

78,000

38,000

éuoon
.

900

*

128,960
538,633
98,000
500.166
239 507
1,000
661.500
29,700
47,800
4,6ft0
222.500
80.500
600
350,300
176,822
87.500
75.000
639,430
83.000
155,642

20,000

148,400
687,800

494,500
............

............
50,000

75,000
205,800

71,009

28,000

293.000
176.000

21.000
56,000

2,334,929

1,000
82.000
461,613
529,746
322,200
80,000

$171,070,487

$13,916,763

$2,612,609

D
-,000

127,500

$9,431,423

9 ,2 4 1 ,2 6 7
P u l t o n ................. ..
1 7 ,1 5 7 ,6 4 9
G e n e s e e ................... . . .
1 2 ,3 4 1 ,0 5 9
G re e n e ..................... . . .
1 ,7 2 1 ,2 3 5
H a m ilto n ...............
1 6 ,0 9 8 ,7 9 2
H e r k im e r ................ . . .
3 0 ,6 5 7 ,5 5 2
J e ffe rso n ................. . . .
K in g s ....................... . . . 5 1 3 ,5 0 1 ,4 4 1
6 ,6 9 2 ,8 0 6
L e w is .......................
2 3 ,5 8 0 ,7 2 0
L iv in g s to n ............ . . .
1 7 ,9 2 6 ,7 8 9
M a d is o n ................. . . .
M o n r o e ............... . . . 1 3 3 ,1 2 1 ,2 8 1
2 4 ,1 0 0 ,5 7 2
M o n tg o m e ry ..........
N e w Y o rk ............... ...1 ,5 6 2 ,5 8 2 ,3 0 3
3 4 ,3 0 5 ,4 0 4
N ia g a r a .................... . . .
O n e id a ......................

St. L a w re n c e ___
S te u b e n ...............
S u ffo lk ..................
S u l l i v a n . . . ..........
T i o g a .....................
T o m p k in s ............
U ls te r .................
W a r r e n ..................
W a s h in g to n ____
W a y n e ..................
W e s tc h e s te r ___
W y o m in g .............
Y a te s ........ ............

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

T o t a l ................. ...$ 3 ,7 6 1 ,6 7 9 ,3 8 4

The assessed valuation of personal property by counties is
given below:
Albany, $8,254,555; Allegany, $1,482,667; Broome, $2,721,942; Cattaraugus, $1,793,980; Cayuga, $3,295,625; Chautauqua,
$2,551,826; Chemung, $1,487,310; Chenango, $1,690,970; Clin
ton, $693,920; Columbia, $3,231,401; Cortland, $742,608; Dela
ware, $1,367,233; Dutchess, $5,926,981; Erie, $16,829,510; Es
sex, $881,855; Franklin, $931,220; Fulton, $862,955; Genesee,
$2,140,390; Greene, $1,393,993; Hamilton, $3,150; Herkimer,
$1,865,118; Jefferson, $3,956,419; Kings, $19,704,920; Lewis,
$557,735; Livingston, $3,101,583; Madison, $1,801,616; Monroe,
$8,382,017; Montgomery, $2,708,012; New York, $370,936,136;
Niagara, $2,625,304; Oneida, $4,474,226; Onondaga, $7,034,698; Ontario, $3,544,966; Orange, $4,409,788; Orleans, $1,664,755; Oswego, $1,391,895; Otsego, $1,941,074; Putnam, $932,365; Queens, $2,377,860; Rensselaer, $7,630,873; Richmond,
$162,950; Rockland, $978,715; Saratoga, $1,432,439; Schenec
tady, $901,250; Schoharie, $1,389,123; Schuyler, $616,722;
Seneca, $2,058,979; Sc. Lawrence, $3,011,857; Steuben. $2,561,079; Suffolk, $2,091,150; Sullivan, $141,887; Tioga, $816,480;
Tompkins, $1,208,705; Ulster. $2,806,955; Warren, $1,877,275;
Washington, $2,247,648; Wayne, $2,398,508; Westchester,
$2,277,956; Wyoming, $1,596,385; Yates, $906,725.

438

THE CHRONICLE.

Bond Proposals and Negotiations.—We have re
ceived through the week the following notices of bonds
recently negotiated and bonds offered and to be offered for
sale.
Alameda, Cal.—An election will be held September 22 to
vote on the proposition of issuing building bonds.
Ashtabnla, Ohio.—(C h r o n i c l e , vol. 58, page 953, and vol.
59, page 37.)—Proposals will be received until September 27
for the purchase of $12,000 of sewer bonds. Tne loan will
bear interest at the rate of 5 per cent and will become due at
the rate of $4,000 yearly in from one to three years lrom
date of issue.
Athol, Mai ».— (C h r o n i c l e , vol. 58, pages 786 and 914, and
vol, 59, page 343.)— is reported that $50,000 of 4 per cent
It
sewer bonds of this town were sold on August 25 to E H.
Rollins & Sons at 104 477. The securities will be dated July
2, 1894, and will run 30 years, m erest being payable semi
annually, January 1 and July 1, in Boston.
Barnesville, Ohio.—H. E. Dement, Village Clerk, will re
ceive proposals until October 1 for the purchase of $5,000 of
“ fire engine and apparatus” bonds. The loan will be dated
October 1, 1894, will bear interest at the rate of 6 per cent,
payable semi-annually, and will mature at the rate of $500
yearly in from one to ten years, both principal and intertst
being payable ot the office of the Village Treasurer.
In connection with the announcement of the new loan, the
Village Clerk gives the following information in regard to the
finances of Barnesville:
“ 1 he indebtedness of the village consists of street-paving
bonds outstanding, $39,604 90; natural gas bonds outstanding,
$1,500; street-opening bonds, $4,000; total bonded indebtededDess, $45,104 90; other indebtedness (not including the in 
debtedness for the payment of which the fire engine and ap
paratus bonds are issued), $4,500; total indebtedness, $49,604 90.
The $39,604 90 of street paving indebtedness is to be specially
assessi d per front foot against property abutting on street
paving improvement in from one to twenty years, excepting
¡the proportion of such indebtedness incurred in paving street

[Vol.

L1X,

and alley intersections, which will be taxed against the vil
lage at large in the same period. The other indebtedness spec
ified is to be taxed against the village in from one to nine
years. Assessed valuation of the village is $1,098,067. The
population of Barnesville in 1890, according to the Compen
dium of the Eleventh United States Census, was 3,207 ; in
1880, 2.435. It is situated in a rich agricultural and fruit
growing region in the western part of Belmont County (popu
lation 1890, 57,413 ; 1880, 49,638) and is the most populous
town in the county not on the Ohio River, which bounds the
county on the east. This village has two glass factories, carwheel manufactory, canning and packing factory, etc., an
abundant supply of natural gas, and an oil field which is now
being developed.”
B attle Creek, Mich.—(C h r o n i c l e , vol. 59, pages 38 and
200.)—
Five per cent sewer bonds to the amount of $10,000
have recently been disposed of at 106 277. Interest is payable
semi-annually at the City Bank of Battle Creek, and the loan
matures September 1, 1909.
Be Hal re, Ohio.—The Board of Education of Bellaire has
voted in favor of issuing $12,000 of refunding bonds.
Bryui;, hio.—(C h r o n i c l e , vol. 59, pages S3 and 244.)—
Water-worK", bonds to the amount of $3,000 have recently
been sold for a premium of $107,
Bacyrus, Ohio.—(C h r o n i c l e , vol. 59, pages 299 and 384.)—
Six bids were received by the Board of Education on August
28 for $10,000 of 6 per cent school bonds, and the loan was
awarded to the Bucyrus City Bank for $10,759. The bonds
become due at the rate of $2,000 yearly from September 1,
1000, to September 1, 1904.
Boffalo, N. Y.—(C h r o n i c l e , vol. 58, pages 1002 and 1081,
and vol. 59, pages 244,.343 and 384 ) The city of Buffalo ha*
sold at private sale $204,563 4 0 of tax loan bonds to Daniel A.
Moran & Co., of New York City, at par. One hundred and
twenty-five thousand dollars of the bonds have already been
delivered, the balance to te taken within six’y days. The
loan is dated August 15, 1894, bears interest at the rate of
per cent, payable semi annually on February 15 and August
15, and matures August 15, 1899.

NEW LOANS.

NEW LOANS.

$ 100,000

WE OWN AND OFFER

City of New Brunswick, N. J.,
Bonds, Due 1919.

$80,000 Six Per Cent First Mortgage Bonds

P r o p o s a ls w ill he re c e iv e d by t h e F in a n c e C om m itIS S U E D B Y
■tee a n d C ity T r e a s u r e r a t th e office o f t h e C ity T re a s 
u re r. L ib ra ry B uilding, G eorge S tre e t c o rn e r o f P a t 
e r s o n S tre e t, N ew B ru n sw ick , N . J ., u n til o n e o ’clock
o f S a tu rd a y S e p te m b e r 15tb, fo r th e p u rc h a s e in
w h ' le o r in p a rt o f ilOO.OOu o f th e b o n d s o f t h e C ity
o f N ew B ru n sw ick , N . J ., to b e issu ed to refn n -i
m a tu r in g bonds. I n te r e s t p a y a b le s e m i-a n n u a lly
o n th e firs t d ay o f A p ril a n d O cto b e r in e a c h y e a r a t
t h e T r e a s u r e r ’s office. I n te r e s t to b eg in o n O cto b er
1 s t, 1894. T h e b o n d s w ill b e p a y a b le O cto b e r 1st,
1619, a n d will b e a r in te r e s t a t a r a t e to b e fixed a c 
co rd in g to th e a c c e p te d bids. P ro p o sa ls s h o u ld b e
s e a le d a n d a d d re s s e d -to th e C ity T re a s u re r a n d
m a rk e d “ P ro p o sa ls f o r B onds.” B ids sh o u ld s ta te
PRINCIPAL AND INTEREST PAYABLE IN GOLD,
t h e p ric e a n d t h e r a t e o f in t e r e s t a t w hich th e b id 
d e r pi oposes to ta k e t h e b o n d s. I t is in te n d e d to
is s u e c o u p o n b onds o f t h e d e n o m in a tio n o f $1,000
A t t h e O ffice o f
e a c h . B o n d s m a y b e re g is te re d . T h e b o n d s a re
a u th o riz e d by a n A c t o f t h e L e g is la tu re o f N ew
J e rs e y , a p p ro v e d F e b ru a ry 1 8 th , 1879, an d by a r e s 
THE NEW YORK SECURITY & TRUST COMPANY, NEW YORK.
o lu tio n , o f C om m on C ouncil o f J u ly 9 th , 1894, a n d
a r e f r e e fro m m u n ic ip a l, c o u n ty o r S ta te t a x in
H ew J e rs e y .
B ids m u s t b e ac c o m p a n ie d by a c e rtifie d c h e c k f o r
fiv e p e r c e n t o f t h e a m o u n t bid.
r B o n d s w ill b e d e liv e re d O cto b e r 1st o r a s so o n
a fte rw a rd s a s p ra c tic a b le . T h e r i g h t t o r e j e c t a n y
PORTSMOUTH is a g ro w in g c ity o f 1 7 ,0 0 0 in h a b ita n ts , s itu a te d o n th e O hio R iv e r a t
a n d all bids is re s e rv e d . F o r f u r t h e r p a rtic u la rs as
t o t h e fin a n ces o f N ew B ru n sw ic k see St a t e a n d th e m o u th o f th e S cioto. M a n u f a c to rie s o f lu m b e r, sh o es, A re a n d p a v in g b r ic k a n d ir o n e x te n d
C i t y S u p p l e m e n t of c o m m e r c ia l a n d F i n a n c i a l
C h r o n ic l e f o r A p ril, 1893 a n d 1894, o r a d d re s s f o r th r e e o r f o u r m ile s a lo n g t h e r iv e r .
T H E P O R T S M O U T H S T R E E T R A IL R O A D &
J a m e s N eilson, T re a s u re r, N ew B ru n sw ick , N. J .
S ^ ~ T h is is s u e will n o t in c re a s e t h e c ity d e b t.
L IG H T C O M PA N Y w a s o rg a n iz e d in J u ly , 1 8 9 3 , w ith a c a p ita l s to c k o f $ 1 2 5 ,0 0 0 , th e e n tir e

The Portsmouth Street Railroad & Light Co.
OF PORTSMOUTH, OHIO.

$ 90,000
Bonds of the City Water Works
of Sioux City, Iowa.
S ealed p ro p o sals, a d d re s s e d t o C ity C le rk o f S ioux
C ity, Iow a, w ill be re c e iv e d u n ti l t h e 11th d a y o f
S e p te m b e r, 1894, a t 4 P . M. o ’clock f o r th e p u rc h a s e
o f $90,0uo o f t h e b o n d s o f t h e C ity W a te r W o rk s o f
t h e C ity o f S io u x City, Iow a.
S aid b o n d s a r e to r u n fifte e n y e a rs fro m d a te a n d
» re to d ra w f o u r a n d a h a l f p e r c e n t in te re s t, p ay a b le sem i a n n u a l!f, in N ew V ork.
T h e r ig h t is re s e rv e d to r e j e c t a n y a n d a ll b ids.
F o r f u r th e r p a rtic u la rs a d d re s s C ity C lerk.

P. C. M ILLER,

C h a irm a n o f F in a n c e C o m m ittee.

W. N. Coler & Co.,

a m o u n t o f w h ic h h a s b e e n s u b sc rib e d .

THE FRANCHISE is f o r tw e n ty -fiv e y e a r s , w ith n o u n r e a s o n a b le c o n d itio n s . I t d o e s
n o t r e q u ir e p a y in g o n th e p a r t o f t h e c o m p a n y a t a n y tim e , n o r f o r f e itu r e o f lin e a t te r m in a tio n
o f fr a n c h is e .

RIGHT OF W AY o v e r fiv e m ile s o f t r a c k o n p a v e d a n d m a c a d a m iz e d s tr e e t s , t ie s o f
o a k , 4 8 -p o u n d r a ils , fu r n is h e d b y t h e C a rn e g ie S te e l C o m p a n y ; o v e rh e a d c o n s tr u c tio n , s in g le
tr o lle y N o. 0 c o p p e r w ire ; e v e r y th in g n e w a n d f ir s t c la ss.

THE FO WE «STATION is o f b ric k , e n tir e ly n e w , 7 5 x 1 2 5 fe e t, w ith th r e e 1 2 5 H P
e n g in e s a n d tw o 1 2 5 H P s te e l b o ile rs ; f o u r c a r s w ith tw o 3 0 H P s in g le r e d u c tio n
m o to r s o n e a c h , a n d e ig h t tr a ile r s , a ll o f t h e l a t e s t d e sig n .

“ C u rtis s ’'

*

THE STOCKHOLDERS a r e a ll lo c a l m e n o f p ro m in e n c e a n d a r e a s fo llo w s: L e v iD .
Y o rk , J o h n F . B r u s h a r t, H . S. G rim e s, F . L . S m ith , J u d g e A . T. H o lc o m b a n d S a m u e l B . T im
m o n d s , a ll o f P o r ts m o u th .

EARNINGS.— h is r o a d h a s b e e n in o p e r a tio n s in c e N o v e m b e r 1 6 th , 1 8 9 3 , a n d s h o w s
T
e a r n in g s to A u g u s t 1 6 th , 1 8 9 4 , o f a b o u t $ 1 3 ,5 0 0 , o r o n a b a s is w h ic h w ill e a r n n e t $ 1 8 ,0 0 0 p e r

BANKERS.

M UNICIPAL BONDS.

y ear.

T h is s u m a m p ly ta k e s c a re o f th e s e m i-a n n u a l i n te r e s t a n d s in k in g fu n d , b e sid e s p a y in g

a n E I G H T P E R C E N T d iv id e n d u p o n th e c a p ita l s to c k .
F o r P r ic e a n d D e ta ils o f a b o v e B o n d s a p p ly to

FRANK SPANGLER MILLER & CO., Bankers,
34 NASSAU STREET.



CLEVELAND, OHIO.

S epíem ber 8 ,

439

THE CHRONICLE

1894.]

being about $600,000 ; tax rate in 1894 per $1,000 is $4*50. The
population is estimated at 1,500.
Elm Creek, Neb.—(C h r o n ic l e , vol. 59, page 164.)—The
Celina, Ohio.—(C h r o n ic l e , vol. 59, page 299.)— election citizens pf Elm Creek "voted on August 14 in favor of issuing
An
held August 18 to vote on issuing $50,000 of water-works $10,000 of 10-year bonds for the construction of an irrigation
C a n a l.
j f f i , ‘ ,i i \ , r j , «4., _<».»- *
bonds resulted in favor of the proposition.
Erie, Colo —This municipality will build water-works at aColorado Springs, Colo.—It is reported that school bonds
cost of $20,000, for which amount bonds will probably be is
to tne amount of $63,000 have been sold.
sued.
Columbns, Ohio.—(C h r o n ic l e , v o l. 58, p a g e 692, a n d v o l.
Geneva, N. Y.—(C h r o n ic l e , vol. 59, page 344)—Only one
59, p a g es 201, 345 a n d 384 )—P a v in g b on d s o f th is c it y to th e bid was received by the Board of Education on September 1
a m o u n t o f $125,000 h a v e b een a u th o r iz e d ,
for the purchase of $6,500 of 4 per cent school bonds, that being
Denver, Col.—(Chronicle , vol. 58, pages 744, 831 and from the Geneva National Bank offering par and accrued in
1045, and vol. 59, pages 384.)—
Notice has been given that terest. Interest on the loan will be payable semi-annually,
public building bonds of Denver dated April 1, 1881, and $500 of the amount becoming due May 1, 1898, and the
numbered from one to fifty, inclusive, for $1,000 each, will be remainder at the rate of $l,000|vearly from May 1,1899, to
paid on presentation at the Chemical National Bank, New May 1, 1904.
York City, or at tne office of the City Treasurer, Denver, Col.
Great Falls,
of school
Notice has also been given that funding debt bonds of Den bonds have beenMont.—It is reported that $30,000 intere st at
sold at 100*0025. The bonds bear
ver, dated Augtis>. 1, 1884, and numbered from one to sixty, the rate of 6 per cent, and run 20 years, with an option of call
inclusive, for $1,000 each, will be paid on presentation at the in 10 years.
Fourth National Bank, New York City, or at the office of the
Hamilton, Ohio.—It is reported that $50,000 of electricCity Treasurer, Denver, Col.
Interest on all the above-mentioned bonds will cease on and light bonds of Hamilton will soon be issued. The bonds will
bear interest at the rate of 5 per cent.
after sixty days from August 25, 1894.
Ironton, Ohio.—(C h r o n ic l e , vol. 58, pages 565, 954, 1046
Dorchester County, Md.—Sealed prop3oals will be received
"
until September 11 at the office of the County Commission and 1119, and vol. 59, pages 88 and 126.)—Tne highes1 bid re
ers for the purchase of 6 per cent coupon bonds to the ceived for $10,000 of 5 per cent 20-year sewer bonds offered for
amount of $10,000. The bonds will be dated October 1, 1894, sale August 15 was 106 277. The securities are to be dated
and will mature at the rate of $1,000 yearly from January 1, July 2, 1894, both principal and interest to be payable at the
1906, to January 1, 1915. Interest will be payable semi-an National Park Bank, New York.
nually on January 1 amd July 1.
Jackson, Mich.—Bonds to the amount of $70,000 for sewers,
East Point, Ga.—(C h r o n ic l e , vol. 59, pages 83 and 300,) — water-works, bridges and paving are under consideration.
Jersey City, N. J .—(C h r o n ic l e , vol. 58, pages 692, 7 8 7 r
Sealed bids will be received until September 25, by R. F.
Thompson, Town Clerk, for the purchase of $7,000 of 6 per 915, 1046 and 1082, and vol. 59, page 163.)—It is reported that
cent 30-year scboolhouse bonds. Interest will be payable semi the Jersey City Finance Committee has been authorized to
annually (January and July) at East Point or Atlanta, as the issue a 4 ^ per cent temporary loan for $400,000, represented,
purchaser may prefer. The town has no other indebtedness by tax-arrearage bonds, to complete the appropriation of the
and the total assessed valuation is $401,500, the real value various city boards for the fiscal year 1893-4.

B urllngtoh, Yt.—(C h r o n ic l e , v o l. 58, p a g e s 877, 958, 1008
a n d 1081.)— lo a n o f $10,000 h a s b een a u th o r iz e d fo r w a te r 
.
A
w o rk s e x te n sio n s.

NEW LOANS.

NEW LOANS.

German-American
Investment Co.,

$ 250,000
MUNICIPAL

BONDS

52 WALL. ST., NEW YORK..
(G ro u n d F lo o r, o p p o site C u sto m H o u se .)

FOE INVESTMENT.

Municipal Bonds.
City of Denver, Col............................4s
City of D uluth, M inn.......... ....6s
City of Long Island, N. Y................ 4%s
City of Aurora, 111.............................6s
City of Anderson, In d ....................... 6s
City of Niles, Ohio.............................6s
City of D unkirk, N. Y......................4s
Ashnry P ark , N. J .......................... -5s
Richfield Springs, N. Y...................4s
Lansingburg, N. Y ... ...................... 4s
Neapolis, Ya....... ......................
Iro n County, TVis....... .................. .6s
A n d o t h e r C h o ic e M u n i c i p a l B o n d s f o r I n 
v e stm e n t by S a v in g s B a n k s a n d T r u s te e s .
D e s c r ip tiv e C ir c u la r s u p o n A p p lic a t io n .

NEW LOANS.

City of Syracuse, New York,
3 l-2°/o Water Bonds,
Due July 1, 1920.
PARTICULARS UPON APPLICATION.

PARTICULARS UPON APPLICATION.

Street, Wykes & Co.,
44 WALL STREET,

M EM BERS O F T H E N E W Y O R K A N D BOSTON
STOCK E X C H A N G E S .,
D E A L E R S IN C O M M ER C IA L P A P E R .

-

NEW YORK.

CITY BONDS
Netting from 4 Per Cent to 6 Per Cent.
W rite f o r d e s c rip tio n o f ch o ice s e c u ritie s is s u e d

6s

by c itie s o f g o o d flu a u c ia l sta u d iu g , w ith p o p u la tio n

Blake Brothers & Co.,

ran g in g fro m 20,000 to 160,000.

2 8 STATE STREET,! JBOSTON.

C. H. W H ITE & CO.,

5 NASSAU ST., NEW YORK.

BANKERS,

W. J. Hayes & Sons,

T2 BROADWAY,

BANKERS,

Dealers in M UNICIPAL BONDS.
S tre e t R ailw ay B o n d s a n d o th e r h ig h g ra d e i n 
v e s tm e n ts .

311-313 Superior St.,
Cleveland*

40-42 Wall St.,

7 Exchange Place,
Host on*

New York,

b le A d d ress, ” K E N N E T H .”

Rudolph Kleybolte & Co.,
Investment Bankers,
30 W est Third Street,VECincinnati, Ohio.

CITY

OF

TACOMA

Q Per

Cent

WATER BONDS.

I ----




R. L. Day & Co.,
BANKERS

AMD

BR O K ER S.

M em b ers o f t h e N ew Y o rk a n d B o s to n
S to ck E x c h a n g e s .

COMMISSION ORDERS EXECUTED.

P R IC E a n d P A R T IC U L A R S u p o n A P P L IC A T IO N

4 0 Water Street,

Farson, Leach & Co.,
2 WALL STREET,

-

-

ROSTOV,

-

.

-

M
LASSU

NEW YORK.

$250,000

LISTS MATT/BP UPON A PPLICATION.

NEW YORK.

Payable in GOLD COIN.
Matuvtog June, 1913

Choice Investment Bonds of Cities, 6%Modesto Irrigation Dist. Gold Bonds
Counties and School Districts.

-

Interest Pavable Semi-Annually.
P a id b y t h e p o w er o f ta x a tio n . F ir s t lie n o n th e
la n d . F o r b a n k a n d o th e r r e fe re n c e s ap p ly to

W. E. HOLBROOK,
60 W all St., New York.

James N. Brown & Co.„
BANKERS,

62 Cedar Street,

-

.

NEW YORK'.

M U N IC IP A L , COUN TY , SCH O O L A N D
T O W N S H IP B O ND S

BOUGHT

AND

SOLD.

440

THE GHltôJÙLCh'üt

Union School D istrict, Ohio.—Sealed proposals
w J *1 r. ceiv® ,until September 14, at the office of George
e
d
u Ru * / eA£lerk of the Board of Education, for the purlef
?hioL°f ^ ’°n of.school bonds. The loan will be dated July
00
1, 1894, will bear interest at the rate of 6 per cent, payable
semi-annually, and will mature at the rate of $3,500 yearly
from July 1 , 1898, to July 1 , 1915. The purchaser will be re
quired to take the bonds at the Kenton Savings Bank within
ten days after the date of the sale.
Leicester, Mass.—A loan of $4,000 has been authorized for
the construction of a sewer.
Lexington Precinct, Neb.—(Chronicle , vol. 59, page 344.)
—
§ t e m r t , 9ity Clerk>writes the Chronicle in refer
ence to $10,000 of bonds recently voted by this precint to aid
in the construction of an irrigation canal, that the loan will
bear in terest at the rate of 6 per cent, payable semi-annually
(A. oc O.) in New York City, and will mature Oct. 1, 1904. Mr.
Stewart also states that the precinct, which has at present no
debt of any kind, takes in some 73 sections of farm land, as
r 1
?f Lexington, and that its assessed valuation
for 1894, which is one-sixth of actual value, is $330,000.
Louisville, Ohio.—(Chronicle , vol. 59, page 345.)— is reIt
ported that $18,000 of water-works bonds offered for sale Au
gust 33 have been disposed of. The bonds bear interest at the
rate of 5 per cent and become due at the rate of $1,000 yearlv
from August 1 , 1897, to August 1 , 1914.
*
y
. Lodi, WIs.—Water-works bonds to the amount of $13,000
have been voted.
’
u Neb-—B°nds of this municipality to the amount of
$11,000 have recently been voted for water-works.
Madison, Ohio.—It is reported that this city has recentlv
sold 6 per cent bonds to the amount of $30,000.
.M a r tin ’s Perry, Ohio.-(CHRONicLE, vol. 58, pages 744 and
915.)—The citizens of this town will vote September 33 on the
proposition of issuing $30,000 of electric-light bonds.
New Orleans, La.—(Chronicle , vol. 59, page 301)—It is
reported that New Orleans has sold its $4,500,000 of constitu

MISCELLANEOUS.
BANK OF M ANHATTAN
CO M PA NY , N ew Y ork, o f t h e m o n e y s re m a in in g
u n claim ed , in a c c o rd a n c e w ith S ectio n 28, A rtic le
1 C h a p te r 689, o f t h e B a n k in g L a w s o f 1S92,
S ta te o f N ew Y o rk .
J u n e 23,1875. C om m ercial B an k , M an ch es„
ne
d lv id e n d a e e t.....................$ 40125
M ay 25,1883. C om m ercial B a n k , M an ch este r, M iss., d iv id e n d 12..........................
60 00
A u g . 24,1883. C om m ercial B an k , M a n c h e s te r . M iss., d iv id e n d 14.......................... 296 00
A u g . 24, 1883. C om m ercial B an k , M an ch este r , M iss., d iv id e n d 15.............................
9 12 00
A u g . 24,1883. C om m ercial B an k , M an ch este r , M iss., d iv id e n d 16.......................... 2 171 00
S ep t. 24,1881. J . L . D av is & Son, 184 S o u th
S tre e t....................
50 00
F e b . 19,1894. E m p ire C ity B an k , N ew Y ork’
.
d iv id e n d 2 ...........................................
5168
F e b . 19,1874. E m p ire C ity B an k , N ew Y ork.
d iv id e n d 3 ..............................................’ 1 4 1 53
Jan . 18,1879. G. S. G reen , T re n to n , N.' j .
62 63
C. L . H a ls te a d , E x e c u trix , 155
Second A v e .............................
633 56
A p ril 2 5 ,1888. E r t a t e o f W m . H u tc h in s o n . 1,77108
sTjMy
i - O’N eil, 229 B ro a d w a y .........
83 56
M ay 20,1885. J a m e s P o tte r , P rin c e to n , N .J. 133 22
P la n t e r s ’ B an k , T e n n ., d iv id e n d 1 ...
76 10
P la n t e r s ’ B an k , T e n n ., d iv id e n d 7...
90 00
P la n t e r s ’ B an k , T e n n ., d iv id e n d 18.
54 00
P la n t e r s ’ B an k , T e n n ., d iv id e n d 40. 305 00
_C. H . S m ith , C larkville. T e n n .............
86 66
F eb ., 1889. H . G. S teb b in s & Son, N . Y ......... 358 37

tional bonds to the Louisiana State National Bank at '{&
per cent commission. The securities bear 4 per cent interest
v S BL T d X n„flli7’ JanUT
U
ary and July-lmd
Y o A ^ N t w O rleanT6'
68t ‘8 payable both “ Ne»
Oakland, Cal.—(Chronicle , vol. 59, page 300.—An elec«\Tonon nfeA eldl- 0akla“ d September 39 to vote on issuing
bonds, the loan to
dated Septembef
1, 1895, to bear interest at the rate of 4 per cent, payable an
nually, and to mature at the rate of $3,500 yearly from Sep
tember 3, 1896, to September 3 , 1935.
■ r
p
« ^ n n au ^ i 1001 ^ t r i c t , C al.-B onds to the amount of
$5,000 have been sold at 100#
63.
■
Oxford, Miss.—An election will probably be held at Oxford
to vote on issuing $30,000 of bonds for water-works/
Parsons, W. Va.—(Chronicle , vol. 59, page 344.)—A L
Lipscomb, Recorder, writes the Chronicle that an election
held September 1 to vote on issuing $3,000 of sewer and
street improvement bonds resulted in favor of the propos
ition, and that the bonds will be issued at once. They will
a S r ; i l i r d a L ? J S & jf 1 % ^
be
--a n n u a lly ,

«

f a

irai r K Sß?11* °,F TP E BANK
thS 29th i y ^ A u ^ s t , 1894 ?
is

£

a

a

s * s w

a

Rush ford for $10,153 50, theirsw rS* CarPenter & of six bids.
¥ being the highest Stevens, of
Kushtord,
nfhl/o n n l8da,ted Aug?st V W i and becomes due at the rate
of $1,000 yearly from August 1, 1895, to August 1 1904 Int
erest at the rate of 5% per cent is payable annually , both
principal and interest to be payable at the Bank of Rushford.
or,uTioo8KL 0 hi 0-—(GHRONiCLE, vol. 58, pages 653, 878, 1084
w dM 2 ’ an-nVo1, ® pages 137’ 346 and 345?)—City Clerk A.
M£
9’
W. Miller will receive proposals until Sept. 37 for the purchase
of 5 per cent sewer bonds to the amount of $13,000. P
Sjtorm Lake, Iowa.—It is reported that $15,500 of 5 per
cent school bonds have been sold, the loan to run 10 years
with an option of call after 4 years.
•
’

MISCELLANEOUS.
T

[V ol. L IZ .

°f WedlU*day

RESOURCES.

Loans and discounts, less due from di-

m is c e l l a n e o u s .

Geo. M. Huston & Co.
B O N D AND S T O C K D E A L E R S

O verdrafts............................. .. ..........
Due from trust companies, State ail’d
national banks.• . . . . . . . . . . . . .
Banking house and lo t..................S I . !
Stocks and bonds......................“ i " ; : i * " ;

7 7 7 on
900*000 00
l “ ®
88

legal tender notes and circulating

2’136'1M 87

sei 1 outright au Western
^unicipal Bonds and Stocks. We
??r*faf u*ly furnish fu ll and reliable in«2ÎH?5ti2 ?l.eo,lceü llng anJ Western seourity ^ t h o n t charge. M onthly quofi o^ouïar mailed to all applicants.
New issues of municipal bondis wanted.

................. 5’119’010 oo «05 PINK STREET. ST. LOUIS, OTOl

ch’cks for the next day’s
ntew hal?Kes............: .............$2,478,819 21
Other items earned as
c a s l1 .........................................
27,509 36— 2,506,328 57

r

w

v

l ia b ilit ies .

*30*
052’242 29

MORTGAGE LOANS
IN

TEXAS.

f f i u s f u n l ? aid.i.n ’. i.n.?.!l8 1
.1 ................... * f ’000*000 00
Undivided profits (net)............f
68
Due depositors as follows, viz.044,274 6
8
7 Per Cent and 8 Per Cent Net.
Deposits subj’ctto ch’k.$14,897,136 02
Denaandptfs. o f deposit
8,548 94
NO C O M M ISSIO N S charged borrower or lender
Certified checks................
872,241 50
until loans have proven good.
Cash’rs ch’ks outst’d’g.
45,326 1 2 —1 5>,823,252 58
D h6 tl ust companies, State and nationai
FRANCIS SMITH & CO.,
Unclaimed Dividmds.
D ue savings b a ik s .’.’.’.’.’.’. ’.’. " : 7 . .............. » 1 1 22
SAN ANTONIO, TEXAS.
54 dividends. Margaret Jenkins, unknown.
U n p a i d dividends
.
’ t.’o f f 0 0
24100 Unpaid d i v i d e d , ,
81
•
Thomas R eefe,
“
356 50 T axes.......................
............................................................ 40*000 0 0
97
“
H enry Moss,
3,468 00
111
“
Johanna Murphy,
„244 99
S ^ f o f N e w Y o r k , County of New V o r f S F * 24229
, Q.Q
Wew York, State Stock-U nclaim ed.
w illia m H. P er k in s , Prest., and W at, ™ m
1848. A lfred Smith, unknown..................... $ 1 7 5 GO
Bennet , Assist.
/ ri
1852. J . S. DeBeaulieu,
...............
"
T*
................
63 00 bank located andCashier, of the Bank o f44 ¿ e46 c a a
Bought and Sold for Cash or on Margin.
doing business at Nos.
&
Wall
1855. J . H . Cameron and U. S .......................
Street, in the city o f New York, in said county being
Masters, in trust,
•*
...............
62 50
1865. J . Howard March,
“
.......... .
a
elf>
60 00 renoriW,Prn? i aCu for him® ®ays that the foregoiSf INVESTMENT BONDS A SPECIALTY.
re?Pects, a true statement o f the
1870. Thomas M . Taylor “
75 00
tbe 8ai<). bank before the transaction
C ity o f New York, County of New York.’
of any business on the 29th day o f August 1894
State o f New York.
, —.
best °.i-bis knowledge and belief f and thev
J . T . Baldwin, Cashier of the M anhattan Company
of New York, in said County, being duly sworn, says i^rth er say that the business o f said bank has been
the foregoing is in all respects a true statement to transacted at the location named and not elsewhereai,iL
aboye report is made in compliance
the best of his knowledge and belief.
4 7 BROADWAY, NEW YORK.
0 „
. . .
J . T. Baldw in , Cashier.
te n d e d W S L
SuperinSworn to before me
the 14th day o f A u g '1894.
Interest New York State Sto ck-U nclaim ed.
W I L L IA M H . P E R K IN S . President
Seal.
W . S. J o h n s o n ,
„
„ W A L T E R M . B E N t ^ T , A Ì?t! c / h ie r .
Notary Public, N . Y . Co., 18.
Severally subscribed and sworn to by both depo ASSETS, JAN. 1, 1 8 9 4 ...............$5,669,283
nents, the 4th day of September, 189 4 , before me?

Stock Exchange

Securities

Edward Morton & Co.,

Marine Insurance Co., Limited,
of London.

S. H. Wood Produce Co.,
6 WALL STREET,
96 BROADWAY,
5 P O E STREET, N, Y.
813 to 917 Guaranty Loan Building,
Minneapolis, Minn.
Bay and sell all Muds of grain and produce
the Minneapolis and Chicago markets.
Write for our SPECIAL MONTHLY AND
D&ILY MARKET LETTERS. ,
COMMISSION *e.

Telephone, 951 Cortlandt.




J ohn F lynn ,
Certificate filed in New Yor/county.’0 Kln® Co’
s

Jos. O. Osgood,
M . A m . Soc. C . E .

Consulting Engineer*

a ^ e^nvlstors?nVeStment P r°P ertIes f <r Bankers
>
rt^ ’xaD?p
Pa^P-a®lu regard to physical condition and
character, earnings, management, needs, value, e ta

R ailroad Location and Construction.

120 BROADWAY,

■ ■

NEW YORK.

Axch’d. J. C. Anderson,
PUBLIC ACCOUNTANT,
127 W ater Street,
NEW YORE

Insures Bonds,
SECURITIES, CURRENCY and SPECIE
SENT B Y

REGISTERED MAIL OR EXPRESS

AGAINST ALL RISKS.

CHUBB & SON,
G E N E R A L AG EN TS,

5 «& 7 S. W illiam St.,

>

NEW YORK.

A W E E K L Y P R I C E L I S T O F L O C A L S E C U R IT IE S
A General circular W orth Your R eading .

J. P. Wintringdiam, 36 Pine St., N. Y.

THE CHRONICLE.

S eptember 8, 1894.]

Syracuse, N. Y.—(Chronicle, vol. 58, pages 832 and 1048.)—
School bonds to the amount of $120,000 will soon be issued.
Toledo, Ohio.—(Chronicle, vol. 58, pages 652, 746, 788,
878,1005, 1048 and 1084, and vol. 59, pages 39 and 203.)—Bids
wili be received until September 10 for the purchase of $60,000 of school bonds. The loan will bear interest at the rate of
41^ per cent and will beeome due in 15 years.
Watertown, Mass.—Four per cent school bonds to the
amount of $40,000 will soon be issued, the loan to become
due at the rate of $2,000 yearly from September 1, 1895, to
September lj 1914.
Waynesboro, Ga.—(Chronicle, vol. 59, page 345.)—P. L.
Corks, City Treasurer, notifies the Chronicle that proposals
will be received for the purchase of $6,000 of building bonds,
the bids not to be opened before October 1 or 15. Interest at
the rate of 7 per cent will be payable annually on January 1,
a n d the bonds will mature at the rate of $500 yearly from
January 1, 1897, to January 1, 1908. The citv has at present
no debt of any kind. Its assessed valuation for 1894, which is
about 60 per cent of actual value, is $560,000; total tax (per
$1,000) $14 50. The population, according to local figures, is
over 2,000.
Wellington, Ohio.—The people of Wellington will vote
September 22 on the question of issuing $35,000 of water
works bonds.
Wells, M inn.—(Chronicle, vol. 59, pages 85, 247 and
300.)—
Five per cent twenty-year bonds of this village to the
amount of $20,000 were awarded on September 1 to Mason,
Lewis & Co., of Chicago, at par with a commission of $495.
Two other bids were received for the loan, one from W. J.
Hayes & Sons, of Cleveland, Ohio, offering par with a com
mission of $150, and the other from the First National Bank,
of Wells, offering par with a commission of $500.
Youngstown, Ohio.—(Chronicle, vol. 58, pages 694, 832,
879, 917 and 1808, and vol. 59, pages 39, 165 and 247.)—
School
bonds to the amount of $10,000 were sold on August 20 at
102’57. The loan bears interest at the rate of 6 per cent.
Bids will now be received until September 24 for the pur
chase of 6 per cent grading bonds to the amount of $1,755.

Ml

S T A T E AND C IT Y D E B T CH A N G ES.
We subjoin reports as to municipal debts received since the
last publication of our S tate and City S upplement
Some of these reports are wholly new and others cover items
of information additional to those given in the S upplement ,
and of interest to investors.
Meridian, Miss.—The following statement regarding the
financial condition of the city of Meridian has been corrected
to August 1, 1894.
This is the county seat of Lauderdale County.
LOANS—
When Due. T o ta l b o n d e d d e b t A ug. 1, 1 894,
M a r k e t B onds —

$ 1 4 1 ,5 0 0
T a x v a lu a tio n 1 8 9 3 ___ $ 5 ,5 5 6 ,6 1 6
A c tu a l v a lu a tio n 1 8 9 3 .1 0 ,0 0 0 ,0 0 0
s, J & J , $ 3 0 ,0 0 0 ........ J a n . 1, 1 9 0 0 P o p u la tio n in 1 8 9 0 w a s ........ 1 0 ,6 2 4
P o p u la tio n 1 8 9 4 (local e st.).1 5 ,0 0 0
INTEREST is p a y a b le a t t b e N a tio n a l P a r k B a n k , N e w Y o rk C ity.

5 s , J & J , $ 1 4 ,0 0 0 ........J a n . 1, 1 9 0 0

S chool H ouse B onds —

Multnomah County, Oreg.— W. Lambert, Treasurer.
A.
The figures of indebtedness given in the following statement
have been taken from the report of W. H. Pope, accountant.
No report from this county appeared in our S upplem ent .
County seat is Salem.
C o u n ty b a s n o b o n d e d d e b t.
F l’tin g d e b t, J u l y 1 ,1 8 9 4 , $ 1 7 6 ,6 6 7
S in k in g f u n d s .....................
8 7 ,7 6 0

The above summary does not include the amounts claimed
to be due the State from the county on account of unpaid
State taxes for the years 1891,1892 and 1893 ; nor the amounts
claimed to be due to School District No. 1 for school funds
which it is alleged have been collected and diverted from
school purposes; nor does it contain a reference to the clai ms
of the countv against the suspended banks and the late sheriff
and his bondsmen for the moneys locked up by suspension.
County Judge North up stated that on'A ugust 26th the
amounts claimed by the State to be due for unpaid taxes for
the years 1891,’92 a n d ’93 were as follows: For 1891, $66,968 89; for 1892, $42,766 76; for 1893, $34,634 47.

CHICAGO.

CHICAGO.

Title Guarantee & Trust
Company

Jamieson & Co.,

OF G H I C i C I O ,
C a v ita i, paid-up................................9 1 ,6 0 0 ,0 0 0
Undivided earning«, Including
surplus..............................................
Deposited w ith State Auditor. .

MISCELLANEOUS.
1850.

187 DEARBORN STREET,
Chicago, Ills.

IN THE CITY OF NEW YORK.

Private wire to New York and Philadelphia.
9 3 9 ,0 0 0
9 0 0 ,0 0 0

Loeb & Gatzert,

„I894.2Ü

The United States Life
Insurance Co.

STOCKS—
BOYDS,
embers New York and Chicago Stock Exchanges*

99, 9 4 & 9 6 WASHINGTON STREET.

N e t d e b t, J u ly 1, 1 8 9 4 ___ $ 8 8 ,9 0 7
T a x v a lu a tio n , 1 8 9 2 ..$ 4 2 ,5 5 ¿ ,5 1 0
P o p u la tio n in 1 890 w a s . .. 7 4 ,8 8 4

GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF TITLE.
MORTGAGE BANKERS,
Oilers Investors In real estate securities
135 LA SALLE STREET, CHICAGO.
protection afforded by no other system el
doing business.
First Mortgages for sale in large and small amounts
Ii authorized bylaw to act as Registrar of Stock* netting investors 5, 5 % and 6 per cent, secured by
and Bond*, Executor, Receiver and Trustee for Improved and income-bearing Chicago city property.
Principal and Interest payable In Gold.
Estate*, Syndicates, Individual* and Corporation*.
Trust moneys and trust securities kept separate
CORRESPONDENCE SOLICITED.
from the assets of the Company.
CORRESPONDENCE SOLICITED.
6% and 7% Cold Mortwawes.

OFFICERS.
GEORGE H . BURFORD, President.
0, P. FRALEIGH...........................................Secretary1
A. WHEELWRIGHT
................Assistant Secretary'
WM. T. STANDEN
..................
Actuary
ARTHUR C. PERRY. ...................
.
Cashier
JOHN P. MUNN. ..............................Medical Director^
.
FINANCE COMMITTEE.

GEO. G. WILLIAMS
..............Pres. Chem. Nat, Bank
JOHN J. TUCKER..........................................Builder
E. H. PERKINS, J ., Pres. Imp. Sc Traders’Nat. B’k
r
The two most popular plans of LIFE INSURANCE
are the CONTiNUABLB TERM POLICY whioh
gives to the insured the greatest possible amount of
Indemnity in the event of death, at the lowest possi
ble present cash ontlay; and the GUARANTEED
interest Allowed from Date of Receipt of Money INCOME POLICY which embraces every valuable
OFFICERS:
feature of investment insurance, and which in the
event of adversity overtaking the insured may he
GWYNN GARNETT, President.
used as COLLA TEBAL SECURITY FOR A LOAN,
A. H. SELLERS, Vice-President, mortgage Bankers, - CHICAGO, ILL
to the extent of the fall legal reserve value thereof?
ARCHIBALD A. STEWART, Secretary.
in accordance with the terms and conditions of these
First Mortgage Loans on Improved Productive
policies.
Real Estate Centrally Located.
CHAS. R. LARRABEB, Treasurer.
Good Agents desiring to represent the Company
FRANK H. SELLERS, Trust Officer.
80 Years Business W ithout Loss to I nvestors . are invited to address the President at Home Office
DIRECTORS:
Address all communications to Eastern Office
Ch*», w. Drew.
Gwynn Garnett.
Astor Building, 9 Pine Street, N e w Y o i k
John P. Wilson,
W.D. Eerfoot,
Edson Keith,
Horace G. Chase,
Geo. M. Bogue.
John G. Shortall,
D A k m C
YIELDING AN INCOME OF
A. H. Sellers.
John DeKoven,
4
6
Samuel B. Chase.
COUNSEL:
CITY, MASON, LEW IS & CO., Bankers
W C. Gondy,
.
John P. Wilson.
COUNTY
171 LASALLE STREET,
A. W. Green
A. M. Pence,

E. S. DREYER & CO.,

SECURE BANK VAULT8.

BONDS .

SCHOOL

A. G. Becker & Co.,
(INCORPORATED)

% to %

send f o r lists .

CHICAGO.

SUCCESSORS TO

H E R MA N

CONSULTING E N G I N E E R ,

S C H A F F N E R « CO.»
t

35 W all Street, New York,
And W aterford, N. Y.
Examinations.
Reports
Supervision.

COMMERCIAL PAPER,
154 La Salle Street, • Chicago, III.
A. O. SLAUGHTER, Member N. Y. Stock Exchange
W . V. BAKER, Member Chicago Stock Exchange
M

A O. Slaughter & Co ,
BANK. HRS,
115-117 LA SALLE STREET,

CHICAGO, ILLS.
Chicago Securities^Bought and Sold.




GENUINE

Jos. C. Platt, C. E.,

SEARS & W H ITE,
Successors to
EUGENE R. COLE,

STATION ERS AND PRINTERS.

WELDED CHROME STEEL AND IRON
n Round and Flat Bars and 5-ply Plates and AnaiaS
FOR SAFES, VAULTS, &c.
Cannot be Sawed Cut, or Drilled, and positively
Burglar-Proof.
CHBO j
.HR S T E E L W O R K S,
Sole Man'f’erzlntheU.S. BROOKLYN. N.

•♦ •♦ • ♦ •♦ •♦ •♦ ••♦ •♦ •♦ •♦ •♦ •» •

• Business ^Furniture. •
• Filing V
Cabinets

Supply Banks, Bankers, Stock Brokers and Co- •
poratlons with complete outfits of Account Boo ■
■
•
and Stationery.
tSVNew concerns organizing will &have totorders promptly executed.

jo

'/ p ft ) Office

y /

•
Desks m

Fixtures and Special Work to order.

A

f T H E GLOBE CO.,& ” $•& *. r f
£%

No. 1 WILLIAM STREET.

I•

a a a k a k a

dfh a fgft a H n R A t f i

I• ▼ • ▼ • ▼ W T W f w Y H f l Y W Y w f w f f T W

r

x

THE CHRONICLE.
(Cotton.

IVoi. I.ix .

(ß o tto u .

% U S U X M X tZ .

WOODWARD
& STILLMAN, INMAN, SWANN& Co
MERCHANTS

A TLA N TIC MUTUAL

COTTON MERCHANTS,

16 to 22 WILLIAM STREET,
NEW YORK.

OFFICE OF THE

Insurance Company.

Blew York.

C O TTO N O P A L L G R A D E S S U IT A B L E TO
W A N TS O F A M E R IC A N S P IN N E R S .
IilHMAN. Stern a C ., Limited, New Orlean*, La.
O
LTO A -Durr C ., Montgomery, Ala.
Mn
o

LEHMAN

BROS.,

COMMISSION MERCHANTS,

Henry Hentz & Co.,
c o m m is s io n

m er ch a n t s

,

16 to 33 W illiam St,, New York.
EXECUTE ORDERS FOR FUTURE DELIVERY

Nos. 16-22 William Street,

COTTON,

NEW Y O R K .

At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for

MEMBERS OF THE STOCK, COTTON, OOFNEE AND PRODUCE EXCHANGES,

N ew Y ork .
Ordere executed on the above Exchanges as well
as In New Orleans, Chicago and foreign markets.

Hubbard, Price & Co.,
COTTON EXCHANGE BUILDING,
NEW YORK.

.

COFFEE,

T o ta l M a rin e P r e m iu m s ............$ 4 ,5 9 7 ,0 6 8 47

At the New York Coffee Exchange, and

P r e m iu m s m a r k e d off fro m 1 s t
J a n u a r y , 1 8 9 3 , to 3 1 s t D e c e m 
b e r, 1 8 9 3 ....................
$ 3 ,4 9 0 ,5 5 2 70

G R A I N AMD P R O V I S I O N S ,
At the New York Produce Exchange
and the Chicago Board of Trade.
Private wires to all important points North, South,
East and West.

Atwood Violett & Co.,

BANKERS AND BROKERS.
Cteneral Commission Merchants.
Members New York Stock Exchange, New York Contracts for Cotton Future Delivery executed on
Cotton Exchange, New York Produce Exchange, New
the Liverpool, New Orleans and New
York Coffee Exchange, Chicago Board of Trade.
York Exchanges.
Orders executed on any of the above Exchanges,
also for purcnase and sale of cotton for future de
livery in New Orleans and Liverpool. Liberal ad
vances made on cotton consignments.
J. O. BLOSS.
Quo. H . CHUBCH,
PRICE, REID & CO.,
Norfolk, Va.
Special attention given to orders for cotton for
foreign or domestic shipment.

J. O. BLOSS & CO.,

COTTON M ER C H A N TS,

Hopkins, Dwight & Co.,
COTTON, COTTONSEED OIL.
AND
SOUTHERN PRODUCE

COMMI SSI ON MERCHANTS
Room 93, Cotton Exchage Building,
NEW YORK.
Gustavug 0. Hopkins, Lucius Hopkins Smith.
Charles D. Miller,
Samuel Hopkins.

T. Spencer Turner,
SUCCESSOR TO

Brinckerhoff, Turner & Co.,
MANUFACTURER AND DEALER IN

93 W illia m S traat,
________________
NEW YORK.

W. D. Rountree .

Albert L. R ountree

W. D. Rountree & Co.,
COMMISSION MERCHANTS
COTTON EXCHANGE BUILDING, NEW
YORK, and NORFOLK, VA.
COTTON, COFFEE, GBAIN, PROVISIONS AND
___________________STOCKS.

A. A. Goldsmith, Agt.
COTTON BROKER.
SAMPLES AND PICKINGS A SPECIALTY.
CHARLESTON, S. G.
Correspondence Solicited.

COTTON SAIL DUCK Geo. H. McFadden & Bro.
AND ALL KINDS Oi
COTTON CANVAS FELTING DUCK,
CAR COVERING BAGGING,
RAVENS DUCK, SAIL TWINE, *0.,
POPE “ AWNING ” STRIPES.
A g in t
UNITED STATES BUNTING CO.
A full supply all Widths and Colors, always is
stock.

N e w York, J a n u a ry 22d, 1 8 9 4
T h e T r u s te e s , in c o n fo rm ity w ith th e C h a rte r
o f th e C o m p a n y , s u b m it th e fo llo w in g s ta te 
m e n t o f its a ffa irs o n th e 3 1 s t o f D ecem ber,
1893.
P r e m iu m s o n M a rin e B isk s fro m
1 st J a n u a ry , 1893, to 3 1 st
D e c e m b e r, 1 8 9 3 .....................................$ 3 ,1 9 3 ,8 6 8 16
P r e m iu m s o n P o lic ie s n o tm a r k e d
o ff 1 s t J a n u a r y , 1 8 9 3 ....................... 1 ,4 0 3 ,2 0 0 31

COTTON M E R C H A N T S ,
PH ILADELPHIA.

L o sses p a id d u r in g th e
s a m e p e r io d ........................ $ 1 ,8 9 2 ,9 7 0 0 0
R e t u r n s o f P re m iu m s
a n d E x p e n s e s ..........

$ 7 1 1 ,1 3 8 89

T h e C o m p a n y h a s th e fo llo w in g A s s e ts , v iz .;
U n ite d S ta te s a n d C ity o f N ew
Y o rk S to c k ; C ity , B a n k a n d
o th e r S to c k s ........................
$ 7 ,9 9 3 ,4 5 5 00
L o a n s s e c u re d b y S to c k s a n d
1 ,6 5 2 ,0 0 0 0 0
o t h e r w i s e ....................
B e a l E s ta te a n d C la im s d u e th e
C o m p a n y , e s tim a te d a t .............. 1 ,0 8 6 ,8 2 8 74
P r e m iu m N o te s a n d B ills R e 
c e i v a b le .............................
1 ,1 1 7 ,1 7 4 29
C a s h in B a n k ............................
2 0 5 ,6 0 0 4 6
A m o u n t . . . . . . . ................................. $ 1 2 ,0 5 5 ,0 5 8 49
S IX P E R C E N T IN T E R E S T o n th e o u ts ta n d 
in g c e r tific a te s o f p ro f it w ill b e p a id to th e
h o ld e rs th e re o f o r th e ir ie g a l r e p r e s e n ta tiv e s
o n a n d a f te r T u e s d a y , th e s ix th o f F e b ru a ry
n e x t.
T H E O U T S T A N D IN G C E R T IF IC A T E S o f
t h e is s u e o f 1 8 8 9 w ill b e re d e e m e d a n d p a id to
th e h o ld e rs th e re o f, o r t h e ir le g a l r e p r e s e n ta 
tiv e s , o n a n d a f te r T u e s d a y , th e s ix th o f F e b 
r u a r y n e x t, fro m w h ic h d a te a ll I n te r e s t th e re o n w ill c ea se. T h e c e r tific a te s to b e p ro d u c e d
a t th e tim e o f p a y m e n t, a n d c a n c e le d .
A D IV ID E N D O F F O R T Y P E R C E N T is
d e c la r e d o n th e n e t e a r n e d p re m iu m s o f th e
C o m p a n y f o r th e y e a r e n d in g 3 1 s t D ecem ber,
1 8 9 3 , f o r w h ic h c e rtific a te s w ill b e Is s u e d on.
a n d a f t e r T u e s d a y , th e f ir s t o f M ay n e x t.
B y o r d e r o f th e B o a rd ,
J , I I. C H A P M A N , S e c r e t a r y ,

L iverpool Correspondents
„
„
Frederic Zerega ds Co.
Bremen Correspondents

McFadden, Zerega & Co.

Bliss, Fabyan & Co.,

TBUSTEES:

J . D. Jones,
C h a rle s H . M a r s h a ll,
W . H . H . M oore,
C h a rle s D . L e v e rio h ,
109 D u a n e S tre e t.
NEW YORK, BOSTON,FHILADELFHIA,
A . A. R a v e n ,
E d w a r d F lo y d -J o n e s ,
B
elling agents fob Leading Brands
Jo se p h H . C hapm an,
G e o rg e H . M acy,
BROWN and BLEACHED SHIRTINGS
J a m e s L ow ,
L a w re n c e T u r n u r e ,
and SHEETINGS,
W m. S tu rg is,
W a ld ro n P . B ro w n ,
FOR FUTURE DELIVERY.
PRINTS, DENIMS, TICES, DUCKS, AO.
J a m e s G . D e F o r e s t,
A n s o n W- H a r d ,
Towela, Quilts, W hite Goods and Hosiery,
W illia m D e g ro o t,
I s a a c B ell,
D rills, Sheetings, die., fo r E xport Trade.
W illia m H . W ebb,
G u s ta v A m s in c k ,
STOCK BROKERS,
H o ra c e G ra y ,
J o s e p h A g o stin i,
P a u l Schwarz .
s . A. fatman , Special.
DREXEL BUILDING, PHI ..A T rr/P T A.
TH TT
H e n r y E . H a w le y ,
V e rn o n H . B ro w n ,
Private wires to New York Stock and Cotton
W illia m E . D o d g e,
C h ris tia n d e T h o m se n ,
Exchanges and Chicago Board of Trade.
L e a n d é r N . L o v e ll,
COTTON COMMISSION MERCHANTS. G e o rg e B liss,
J o h n L . B ik e r,
E v e r e t t F r a z a r,
1 W illiam Street, New York.
M. T. mains, wm. Ray. B. f . Evans, Special.
W illia m B . B o u lto n ,
Members New York Cotton, Coffee and Produce C. A . H a n d ,
Exchanges.
J o h n D . H e w le tt,
G e o rg e W . Q uin t a r d ,
C h a rle s P . B u r d e tte ,
P a u l L. T h e b a u d ,
COTTON B R O K E R S ,
N . D e n to n S m ith .
1 9 9 Pearl Street,
New Yerk.
Cotton, Grain, .Coffee and Provision
Commission Merchants,
J. D . J O N E S, P r e s id e n t.
Cotton landed at mills from Southern markets a
NEW Y OR K,
specialty. Orders for future delivery contracts Cstton Exchange Building,
*
W. H . H . M O O R E , V ic e -P re s id e n t,
executed on New York.Cotton Exchange.
CORRESPONDENCE INVITED.
...
A . A. R A V E N , 2 d V ic e - P r e s id e n t

COTTON AND CRAIN

Frederick Paxson & Co.,

Fatman & Schwarz,

Geo. Copeland & Co.,




R. H. ROUNTREE & CO.,
Full text of Commercial and Financial Chronicle : September 8, 1894, Vol. 59, No. 1524

FRASER
