Full text of Commercial and Financial Chronicle : September 9, 1893, Vol. 57, No. 1472

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

J H E

o i t i m

p i t a u

r t a l ,

e i f t t o

H U N T ’S M E R C H A N T S ’ M A G A Z I N E ,

gl

Weekly

gUuTSp-'prr,

R E P R E S E N T IN G T E E IN D U S T R IA L A N D C O M M E R C IA L IN T E R E S T S O P T E E U N I T E D S T A T E S .

[Euternl. aecirdioR b> Act of Coogrt*,*. io the year 1893, by Wm. B. Dak.v& Co., in the office of the Librarian of Congress, Washington, D C. 1

S A I U k D U , SEPTEMBER

V o L . 67.

102 WILLIAM STR EE T, N. Y.

iSL

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N ew t o r k .

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« £ •« ::

8prt»#aeid ...
Worcester.....

.........
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t<5,616.616> (-1 9 9)
8> 000 72-3
60 573.507
B o c u m . * .....
2653.0.*.
$ x it * o f

P ro T id eu ee..,
H a r tf o r d ...* New U a * e n ..
S p r m / 0 «.d ..
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■

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D e tr o it... . . . . . . . . . . . .
C le v e la n d .... . . . . . . . .

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P e o n # .... ,. .. »«****<
Orond H aplda.. . . . . . . .
f je « m rtO S » .... . . . . . . .

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A k ro n . . . . . . . . . . . . . . . . .
S p n a a ile M L O .* .... ■■•
Bay C i t y * . . . . . . . . . . . . , .

64.421,KLi

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tm im .........
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LAU *85

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it loin*. ••....... ...

.

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vv>*co... . . . . . . . . . . . . . . . . . .
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C h a tta n o o g a ,,..
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T o ta ltS a a tb a r a . . . . . .

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Toi«*l SOttiOu;

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B T v . r tn b lB o f c l e a r in g s by te le g r a p h ac e P a g e H O ,

s.

113.174j
i« k J 9 0

434 4/9
393.0151
4.GL931
£10.000
40.901,110

T o ta l a l l ....... .698,97O.SSt- J J g 6 J S 1 t7 a* .
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2* 3,205
6 8 ,4 1 7

' 67,405
10.519.858 “ -4 7 * 9
13,814,108
6.920.811
2 2 0 4 ,2 1 5
1 . 4 * 4 ,0 1 2

Halifax ..........

63-10,173
4.605 <kJ4

1,946.096
__ 583,100

—38 5 '

-73 0

‘M
1097,072

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00O.OIM)
190,015
460.929

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-5 3 i

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<*00.448 : ^ S
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151,401

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60.726

- 3 7 O' 641.»Ul 2P3 _
^ 3 6 * 4 " i7 9 .ttT o .v v v

9,851,370
10.413,453
—irr«
6,219,696
-.13*7
4,394 "8*
L176.682
1,172.097
-1 0 8
690,076
&60 575
14 0
f U m i l t o n ............
11.30-3.43V
-10*0 ~ 10,017,401
T o tal C an ad a.
14.414 O0 4
* N o tia e lu a e d fu to ta ls ,
t e o a i m u m k a ia o o u tm u e d f a r to o pre« en t.

M o n trea l . . . . . . .

Tommo . . . . . . . . . .

zS S

669,166

C ity ..* ...........
M in n ea p o tie ... . . . . . . .

1.^4^041-4*9

w i.wi.im - i s

-34*4

1601,002

^w m m

S r r a c a e e ....

p . c e n t.

L660 1*21

389.807
39.546/16

.

4.1 2 .t>0

1.22*1,171
MS. 748
1.011.063
9W1.I57
911870

P h ila d e lp h ia ..
P tta h ttn * .....
B a ltim o r e .....
B u ffalo ... . . . . .
W a sh in g to n ..

1 m »3

364.234,313

716.189.1 l« l- 1 0 7

T o t .o tb ’r W.

w * # * i»

[P . Cm u.

406.937,004

New T o r i

H* ien# *
fp o k ao e
. . . . ....
-a-*0 G
re a t
* 8*0691
Pall* ........

t L L o d U -----New «!rl«*fc»s,
L o B ieeU ie... ...
Qwieeetfj-u*.,.
H o d ito n .......
»&*•-.*■...•
B ieh m o R t ...
«»*beiM e * ., ..

P o rt W o rth ..
B! rating}} era.

1472.

W eek EmVg A n y. 2d.

W tek Ending September X

C L E A R IN G B O U S E R E T U R N S .
F orthe month of August the decrease from a year ago reaches
4.V9 j>er cent in the whole country, and out,Me of New York
the loss is 29*8 per cent. For the eight m mth» m e aggregate
for all the Clearing Houses exhibits a lows from 1892 of 4 3 p . c ,
A w yusi.

NO.

Che total for ail the clearing houses records a falling off
from the correpondiog week of 1892 of 37 9 per cent.

3 ?he C h r o n i c l e .

1m .

1**3.

-7>*«
-38 5

392
«-

—■

'THE CHRONICLE
—

•

,j -

-

■ ■■

[V ol.

l v ii.

- -

THE

STfiTZ ftjit CITY
See pages 433, 434, 435, 436 aiul 437 for ou.
State and City Department.
All advertisements with relation to State and City Bones
will likewise be found on the same and following pages.

B ank B ritish
5 6 ° d a y s .. 4 83
No. A m erica.. ( S ig h t...... 4 87
B ank o f
$ 60 d a y s .. 4 83
M o n trea l........ ( S ig h t........ 4 87}*
C an ad ian B an k < PG day s. 4 83
o f C o m m erce. ( S ig h t...... 4 8 7 *
H eid elb ach .Ick - 5 60 d ay s. 4 83
e lh eim er & Co < S ig h t.... 4 87}*

T h u rs.,
Seut. 7.
83*
87
83*

Fri.,
S ep t. 8.
coco

F ri.
M on.,
T ues. W ed n es.,
S ept. 1 . S ept. 4. S ep t. 5. S ep t. 6.
4 83*
82*
83
j
87
4 87
87
Baring,
5 6° day s. 4 83
83
83}*
M agoun & Co. ( S ig h t...... 4 87}*
87}*
87}*
k

Brow n B r 0 8 . . . . { | J g^ f s

•?*

THE F I N A N C I A L SITUATION.
We spoke none too strongly last week of the prom­
ising outlook. What the vote of the House of Repre­
sentatives did for the country has, however, become
more fully evident this week, day by day, hough the
Stock Exchange, after a very dicided advance up to
Tuesday night, sagged off during the next two
days, becoming stronger again yesterday. In
an industrial way the week has been only a
succession of favorable developments. In the first
place our banks have been getting into a healthy con­
dition faster than we anticipated ; but the changed face
of the commercial world is more astonishing. It is,
for instance, a significant circumstance to state that
there is no longer any premium on gold, and on cur­
rency it is only nom inal; yet it is of still greater im­
portance to know that time money is procurable, and
that commercial paper has begun to be salable
again, and what is better than that even mills and
factories are starting up in all paits of the country,
the army of the unemployed is getting to work, while
merchants, at this centre certainly, and, so far as we
have learned, elsewhere too, are beginning to admit
that they are more than satisfied with the week's gain.
But there is a spot in the country where derange
ment, we had almost said death, is being sowed broad­
cast amid this new life, and it ought to be stopped.
We refer to Washington and to the United States Senate
in session there. There is no excuse now for any Sena­
tor saying or feeling that there are other obstacles to
restoration besides the silver law, and in that way be­
littling the need for immediate action. The occur­
rences briefly noted above with reference to
the industrial revival already secured by means
of the favorable progress hitherto made towards the
final success of the repeal measure, put a negative to
all such claims. We have likewise written an article,
given on a subsequent page, in reply to a suggestion that
gold imports were largely instrumental in bringing
about the recovery in progress. The truth is (and we
show it there) gold imports are only one of the many
favorable results which repeal legislation is producing
and which in turn is made to be an adjunct, a fellowworker, in the matter of our industrial restoration.
Capital will come, and g*ld imports so far as we need
gold, in greater volume after the Senate has completed
its work and will help us over many difficulties which
now interfere with our progress. Everything, how­
ever, even what we have gained, is being imperilled by
the slow, dilatory methods of procedure in the Sen­
ate. The members of that legislative body ought to he
told over and over again by the people of the States
they represent how urgent the conditions are; for if by
delay our industries and finances are permitted to fall
back again, the strain would he more alarming than
before and a second revival would be much more tedious
and troublesome.
The offerings of money have increased largely. On
call there is an abundance sufficient for all needs.
Even time loans are making at plain 6 per cent on first-

class stock collateral by some trust and insurance com­
panies. Commercial paper too, as already said, is
moving more freely, though the buying is chiefly con­
fined to Philadelphia and the smaller cities in the New
England States. As however paper is generally held
by brokers at lower rates than most buyers are willing
to accept, the movement is limited. On call rep­
resenting bankers’ balances the extremes this
week have been 5 and 2 per cent, averaging about
4.
Renewals have been made at 4 to 5 per
cent and banks and trust companies quote G per
cent as the minimum for loans over the counter.
Time contracts have been growing much easier. As
already stated, money is being put out at 6 per cent with­
out a commission. The demand is light from stock
houses for the reason that, at the moment, they are
not in urgent need and they expect that by the time
they require money it can be obtainei at lower rates
For commercial paper the rates are now quoted at 8 to
10 per cent for the best names, ranging higher for paper
not so well known. The cancellations of Clearing
House loan certificates have amounted to 81,075,000 and
the issues to 8235,000, leaving outstanding 837,440,000.
The Bank of England minimum rate of discount
remains unchanged at 5 per cent, and it is probable
that no alteration was made this week because of the
firm tone in Germany and also for the reason that
withdrawals for Russia are expected.
The cable
reports sixty to ninety day bank bills in London 3 per
c e n t; the open market rate at Paris is 2£ per c e n t; at
Berlin it is 4f per cent and at Frankfort 4f per cent.
According to our special cable from London the Bank
of England gained £272,174 bullion during the week
and held at the close £26,273,295. Our correspondent
further advises us that the gain was due to an import
of £422,000 (£189,000 bought in the open market,
£137,000 from Australia and £96,000 from the Conti­
nent), to an export of £88,000 (£48,000 to the United
States and £40,000 to Roumania) and to £62,000 sent
to the interior of Great Britain.
Foreign exchange has been affected this week by
easier discounts in London, which have directly in­
fluenced long sterling; by-the absence of a premium
on gold on the spot or to arrive, thus fully restoring
the market to its normal condition ; by fairly liberal
offerings of commercial bills and of drafts against re­
newed sterling loans; and by covering of gold imports.
The tone was strong on Tuesday, especially for long
bills, but the offerings of commercial drafts prevented
an advance in rates ; there was a fairly good demand
on Wednesday and a rise in the loDg rate, but on
Thursday the market was weak and it so closed, becom­
ing steady however on Friday. The following table
shows the daily changes in rates by the leading
drawers :

m

!?2

o

83
87

83-4
87}*

84
87*

83}*
87

o.

83
87}*

83-}*
87}*
83
87}*

83*
87}*
85*
87}*

83*
87}*
83*
87}*

83*
87}*

83}*
87}*

S3
87

9

83
87}*
83
87}*

s

Rates for actual business yesterday were 4 82^- to
4 83 for long, 4 85J to 4 861 for short, 4 86f to
4 87 for cable transfers, 4 S lf to 4 821 for prime
and 4 811 to 4 81f for documentary commercial bills.
At these figures importations of gold cannot be made
at a profit. The arrivals of gold from Europe this week

I

septem bkb

THE CHRONICLE

9, 1893. j

have been: By the Spree, #300,000; Paris, $125,000;
Saale, $640,000; Umbria, #199,800; Champagne,
$1,0:22,600, and Majestic $96,040. Total, $2,383,440.
Through the courtesy of Mr. Worthington G. Ford,
Chief of the Bureau of Statistics, we have received this
week the foreign trade statement for July and the
seven months of the calendar year. The figures for
July this year make a favorable exhibit, the excess of
merchandise exports over imports being $5,955,668,
whereas ia 1892 there was an adverse balance of #7,268,263. As published last year, the excess of imports
was much greater, $13,125,107, but the revision of
values of importations from Brazil and other South
American countries for the last fiscal year, July 1, 1892,
to June 30, 1893, has reduced the excess nearly onehalf.
Possro* Trade Movexest of the Dxitkd States.
In the follomiu! real# three cipher* (000) ira m ill cue* o m itte d .
E xp ort*,
d im e .
JmtL-Mme...

1
I 0 1.122

A pr.-Jan«.
J IT............

T otal------

B 9.H 3

Im port*,

E x<m .

i
t
'S'! 1,534 —10.112
9SHMMS - s a w
(i.J.Itsj
+0,015

E xport*,

«
1 10.517

Im port*,

Excent

*
41 » .''"I
Z 17 M i
6 M 70

«
+33.® S3

497.3*7

+40 .1 5 8

- 7 .2m

-tU + 4 t

*#.««*
537.555

9J>n
s jm

+ ‘t « .70S
+ 31.253
—3,778

1 3 0*5
•4*4,505
10.7*3

1,574
M2

+ U.VO
+4S .O U
+ 10.-41

T3.SSW

1T.7W

+ 3 0 .1 S J

34.351

55,577

+ 43.774

io .m
941*
5 .0W

5.3*8
1.244
1,-11

+ 4 ,» »
+4.1*0
+4.008

7M d

1 0 .KIO + 13.987

UM+»

44V .M I

3-.ttf.S85

H o ld ,

JfcS.-Vfatr...
A pr.-Joa*..
J a lT ............
T o t* t......
S ilv e r.
J«EL»ltaX ..
Apf.*4tta*u
JolT............
T oi*i......

3*.?75
in

■ tu n

+ Bare*** o f ex p o rt* .

— f i w « a t im port*.

**.034

+4,015
l.W
I.iaS

r t . *l-l

+594
+ 7.HS0

fc9$

net has been over 150 per cent. In the history of rail­
road earnings during the last two months the unique
position held by the Illinois Central constitutes a
distinct and most interesting feature.
The Iron Age of this city has published a statement
which reveals very strikingly the great stoppage of
production which has occurred in the iron trade the
same as in other branches of industry. The iron
trade has been in an unsatisfactory condition for
a long time past, but chiefly by reason of the
low prices prevailing. Up to the 1st of June pro­
duction and consumption were but little affected
and continued on a very large scale, the low
prices if anything stimulating consumption. But
since the first of June, and especially during the last two
months, a great change has taken place, and the output
of pig iron has been reduced in a most marvelous fashion.
On the 1st of May, according to the records of the Agt,
there were25l furnaces in blast with a weekly capacity of
181.551 gross tons ; the 1st of Jane saw the figures but
slightly reduced, 244 furnaces beiug reported in opera­
tion with a capacity of 174,0.29 tons; and even on the
1st of July the falling off continued small, an aggregate
of 220 furnaces with a capacity of 153,762 tons being
found in blast. On the first of September, however,
the numberof furnaces in blast was down to 132, with a
capacity of only 85,510 tons. Since the 1st of May,
therefore, the weekly capacity has been reduced from
181.551 tons to 85,510 tons, and the number of active
furnaces from 251 to 132. To cite these figures is to
demonstrate that the present situation cannot continue
ve.ylong. They show that our producuon now is at
the rate of about five million tons a year less than it
was four months ago. The Age also reports that since
June l stocks of iron have increased from 642,190 tons
to 800,07L tons, which makes it evident that the re­
striction in consumption has been even greater than the
restriction in production. Our consumptive require­
ments cannot be permanently reduced in any such de­
gree, and hence it may be expected that as soon as the
silver purchase law is repealed and confidence restored,
the demand for iron will quickly increase and idle
furnaces again be put in blast.
The statements of btnk clearings which wc have pre­
pared for August, also reflect the intensity and
severity of the depression which has prevailed. The
total of the clearings for the whole country shows a
falling off from last year of nearly 26 per cent, while
outside of New York the falling off is still heavier,
reaching almost 30 per cent. The following compares
the totals for the late mouth with those for the months
preceding, both with and without New York.

The summary statement of imports and exports from
which the above statement U compiled contains an ex­
planation by Mr. F< rd of his revision of the figures for
1892-93, and also gives the new results be reaches. As
originally made up the total of imports for the twelve
months was $941,400,922, and of exports $847,665,194,
or an excess of imports of $93,735,728. The corrected
totals are, imports $866,400,922, exports #347,665,194, or an adverse balance of but $18,735,728.
While United States railroads generally have suffered
very heavy losses in their earnings recently, by reason of
the suspension of industrial activity resulting from the
monetary crisis, there is one road which forms a con­
spicuous exception to the rule and is able to report
large and striking improvement. We refer to the
Illinois Central. The course of that road’s earnings is
certainly noteworthy. It ia a well-known fact that the
road is deriving special benefits from the World’s Fair,
but judging by the amount of the gains showo, the
ordinary business of the compiny must be keeping
up remarkably well. Weareable to give the earnings for
August and July, and the results are very gratifying.
For August this year the company earned gross of #1,H o r r m / r c l r a r is g s *.
853,035 against only $L,591,017 in August last year,
G lmrina* Out*id* Nma Y o rk
O tm rin g t. T otal M .
showing a gain of $262,018. For July the corrected MontA.
1892.
P.O U
1898.
1892.
|p . a
t. m
returns show a gain of $340,170, and thus for the two
*
*
months of the new fiscal year the improvement in gross J a n a a r r . A J 6 Mi I U 0 I 5,676.274,528 + 4 9
2,127.068.562 + 1 W
2.014.949,391 1,990,001.727 + 1 -5
earnings has been over six hundred thousand dollar?. fM*amr c*h*..r r 5,085,814.190 6,427.474 003 - S 7 2,170,700,029
2,051,0»9.575 + 6-6
5,311,0*0,098 + S 0
At a time when lam
esof that amount are not uncom­ la* q u a r .. w5,421.402.611
d W j m , m UU10.413.2SD + 1 6 e.as3,«SK,sB»9 0.17.1,081.864 +S-7
mon, such an extremely favorable exhibit is most A pftL .
4.934J M S m - MMJMWMU -2 -0 2.U8.4S7.0SS 2,029,303.591 + 5 »
*.390 + r »
pleasirg. But the improvement in the net is even M ay------- 5.284..48L.72 5.0*8304,9*1 +4-7 S.2S9.00T,380 2.008,0*
J o n * ............ 4,555,350.182 *,9 5 2 . 1 0 0 ,7 m - 8 0 UMB.4S3.7Sa 2.145.084.012 - l o t
more striking than the improvement in the gross. Of
14.704.018,78?* M.IOS.TSW.mj - 2 1 0,306.891.131 0.243,091,029 +F5
course the audit has as yet been completed only for « m o n th s. n . m . n e . a u 'u j m . m s x u —0*3 12.830.518.53 12,414.773,898
July, The return for that month shows that the in­ J o lT ............ 4.IMJS07JW 4.S5A.«U150
1.76<*.#5.90e 2.077.701,938 -1 .W
crease of $340,170 in gross earnings was made with A n x u rt. .. . s.T rnjsM .avi 1.517,373.904 : K 1,412,757,914 2.013,051,453 = S 2 £
From our tables on a preceding page it will be seen
an addition to expenses of only $14,728, thus leaviag
an increase in net of $325,442. Under this increase that there are only two places which are able to show
the total of the net this year is $531,404, as against only larger eleariags than ia the corresponding month of
$205,962 last year, and hence the improvement in the last year, namely D uluth and BinghamtOD. With

[V ol. LVII.

THE CHRONICLE.

394

these two exceptions every city in the cm ntry shows a
falling off. The falling off is very heavy too in m ist
cases, several of the smaller places reporting totals only
about one-half those of last year and somi only a third,
and even less. In the following we furnish a fouryear comparison for twenty-one of the leading cities.
I t will be observed that not only does every one of these
points show greatly reduced clearings ascomoared with
August last year, but with one exception they show for
August 1893 the smallest clearings for any of the years
given.

Bullion holdings of European banks.
September 7, 1893.

B in k of

H ig lan d ..........
ITraoce ...........
G e rm a n y .......
A u st.-H u n g ’y
N e th e rla n d s ..
N at. 8 e lg iu m .
Spain. ............

September 8. 1892.

G o ld .

S ilv e r .

T o ta l.

G o ld .

S ilv e r .

T o ta l.

£

%

%

%

£

£

26,273.295 ..............
67,585.905 50.929 804
30.139,500 10 046.500
10.683 000 18,320,OnO
2,357 ">0| 6 950,000
2,728.000 1,364,000
7.917,000 0,3(17,000

28,27 4,29 '> 27.581.587
27.5S1.507
U8.515.709 66.O16.000 51.789 000 118.696,0 )0
40,i86.00u 35,918.25' 11.93 .750 47 9 )1 000
27.008.000 8.408. »<>0 la.859 000 25.267.000
9.343,000
3,164.O'in 7.*u4 "«»*» 10.583.000
4.092, mk> 2,994,000 1.497.000
4.491.000
14,284.000 7,598,000 5.057.090 12,655.000

T o t. th is w eek 1*7.083 700 91.9s3.304 2 9,672.004 152.609,817 94.579 750 2*7 189.567
T o t. p re v . w’kT47,9<9, l6e i>2.171.658 •240,150.826 152,014,789 94,782.9171246,827.700

B A S K CL E A R IN G S AT L E A D IN G CITIES.

N e w Y o r k ...
C U loago.........
B oa to u ..........
P iiila d e lp h ia
Bt. L o u is ___
B a n F r a u ’oo.
B a lt i m o r e ...
P itts b u rg ...
C in c in n a ti...
N e w 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 ffa lo ..........
D e t r o i t ..........
M in n e a 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 ..........
Bt. P a u l ........

■August--------------- . /— January 1 to Aug. 3 1 .— s
1893. 1 8 9 2 . 1391. 18 9 0 . 13 >3. 1892. 1891. 1890.
£
$
$
$
$
$
if
1,9 5 8 2 ,5 3 4 2 ,4 0 3 2 ,9 6 0 2 2 ,7 1 8 2 1 ,0 2 2 2 0 ,9 3 7 2 4 ,5 8 3
362
3 4 2 3,21.2 3 ,2 7 3 2 ,3 1 1 2 ,6 0 4
429
287
357
3 9 3 3 .1 9 i 3 ,2 4 4 3 ,0 6 8 3 ,4 4 2
293
378
241
232
283
2 3 3 2 ,4 1 1 2 ,5 0 1 2 ,1 3 6 2 ,4 56
733
69
105
93
7 SO
797
730
88
5 24
540
73
79
76 . 481
577
49
514
503
63
57
471
55
61
488
63
521
51
61
476
505
417
41
417
485
4 22
444
48
48
33
56
327
303
326
319
23
26
22
23
41
326
287
3 >8
44
36
318
23
32
206
253
224
191
12
29
27
251
30
273
12
25
229
244
31
270
266
249
2 19
32
30
31
33
29
231
229
203
192
23
34
30
24
27
217
262
33
198
171
16
22
169
24
213
16
17
189
138
22
205
183
19
176
17
18
1 70
25
21
22
191
167
193
167
18
147
20
22
175
173
6
25
152
22
10
19
19
149
170
146
144

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

3 ,2 2 3
143

4 ,3 3 2
216

3 ,9 9 3
133

4 ,6 2 i 3 6 ,9 6 8 3 8 ,6 U 3 1 ,0 8 > 3 8 ,3 3 0
172 1 ,8 2 4 1 .8 9 7 1,657 1 ,4 4 3

T o ta l a l l . . . 3 ,3 71
O u ts id e N .Y . 1 ,4 1 3

4 ,5 4 8
2 ,0 1 4

4,1 3 1
1 ,7 7 8

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

OOO.OOOs

(omitted.)

As regards the sales of stocks ou our N j w Yo~k Stock
Exchange, while the transactions were s n il l ia August
last year, they were still smaller in August toe present
year. The figures are furnished in the following :
SALES O F 8TO O K S A T T H E N E W F O R K ST O C K EX C H A N G E .

1893.
M onth.

-if Shares

1892.

Values.

Number
Par.

A ctual.

N um ber
o f Shares.

$
$
J a n — 10.583.961 964,551.825 705.648.l-i8 9,992,043
F e b — 10,742.925 838,537,9 >0 568,749.945 11,434.111
M arch. 7,390,691 667.797.100 453,432.872 8.933,946

Values.
P .r .

Actual

*
933.019,100
946.071.600
773.129.890

i
533.383.777
571.38).6l7
484 094.977

1 s t qr 28,717,580 2,518,886.875 1,725,830,945 30.360.100 2.852.220.590 1,583 359.401

6,271,083 591.037.380 380,697.813 6,815,142 5’. 1.510.380 367.131.930
M ay.... 8,*72, *35 858,14**,2 0 438.085.107 6,17 ,456 570,245.52 > 36-2.627.687
Ju n e ... 4,823,997 454,188.600 253.832,274 5.374,727 504.537,159 332.897.563
2 d qr. 20,067,51 S 1.901,371,239 1.100,635.09 4 18.336.325 1.630.30 5,03 >1.032.570.-251
A p ril...

f m os.. 48,785.095 4,420,261,105 2.826.466,639 48.726.425 4,282.5-23.635 2,6 >1.429.655
Ju ly .... 5,895,187 574.371,700 32 '.593.474 3,613.374 357.587.350 •229.303.649
A u g u st 4,993.629 483.743.200 280.577.015 5.447.1:8 493.6)2.702 321.470.097

Thus the share sales this year were only 4,993,629
shares against 5,447,178 shares in August, 1892, the
approximate market value of the sales being 260 mil­
lion dollars against 321 millions.
The following statement, made up from returns col­
lected by us, shows the week’s receipts and shipments
of currency and gold by the New York banks.
W eek Ending Sept. 8, 1893.

G old

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

T o ta l gold and legal te n d e rs ...

R eceived by Shioped by
N . Y. Banks' N . F. Banks.

N et Tnte-ior
■M ovem ent.

$4,859,000
642.000

$1,675, MM) Gain $3, 84 000
840.0OO G ain ..
2.000

$5 501.000

$2,315,00" G ain.$ 1.186,000

Result with Sub-Treasury operations and gold im­
ports.
W eek ending Sept. 8. 1803.

In to
Banks

Out o f
B anks.

N ef Change in
Bunk Hoi lings.

B a n k s ’ In te rio r m ovem ent, as above $5,501,000 $7,315,000 G iin $3,180,000
S nb-T reas. oper. and gold im ports . 10, 106,000
7,400.000 Gain 2,70 ».0U0
T o tal gold an d legal te n d e rs__

$15,60 1,000 $>,715,000 G ain $*>.886,000

HOW LOSS OF D I S T R U S T ANTE DA TED
GOLD IMPORTS.
A friend has suggested that we omitted certain mat­
ters from the statement we made last week of the con­
ditions which have been active in restoring confidence.
We attributed the recovery wholly to the movement
for the repeal of the silver-purchase law. He asks us
how about the shipments of gold to New York—did
not they help? Of course after they reached U 3 they
did. But let us ask our friend how he thinks gold got
here. What was chiefly instrumental in opening the
bank vaults of Europe? The gold in the Bank of
E igland m ist assuredly does not belong to us. It does
net come in obedience to our command. I t does not
come because we are in distress. Let any one who
thinks that distress and high rates for money opened
the Bank vaults and brought the gold here, try the
same conditions as an individual. Conditions that
will not secure gold for an individual will not secure it
for a collection (that is a community or a nation) of
individuals.
Suppose our friend should visit one of our banks and
tell the cashier that the people of his town were
very “ hard up” and must have some gold; that
they were willing to pay 2 per cent premium
and 12 per cent interest for 50 thousand dollars gold.
What would the cashier say ? Probably he would
ask him what security he had to offer. Oh none, only
that we need it, are positively suffering for it, and are
willing to pay high rates for it. But being “ hard up”
is not a collateral that passes in this institution, the
cashier would reply. We must have some boads or
some commodity equally good and convertible before
we can let our gold go ; if you will give us bonds
unquestionably safe, or dividend-paying stocks, or
wheat or cotton at prices lower than they ever sold
before, so that we can be sure of making our two per
cent premium, 12 per cent interest, a n i get back the
principal, you can have the goll. I t would mike no
difference whether our friend went to a baak ia this
country or to the B ink of Eagland with his applica­
tion, he would find that his impecuniositv, or his offered
premium, or his high interest rates, or all of them
together, would be no inducement whatever but would
only be rejected with ridicule.
These suggestions may seem homely, but they repre­
sent in good part the situation the United States has
been in and the recent experience through which it has
passed up to the point at which it imported gold.
We may briefly summarize this experience, for three
stages of development have marked the progress of the
affair. The first was during the calendar year of 1892
while we had an immense merchandise foreign trade
balance in our favor; but neither that, nor high interest
rates culminating in a semi-panic with call money at
40 per cent in December, coul 1 prevent our trade record
showing a net export of gold every single quarter of the

SEPTEMBER 9, 1893.]

THE CHRONICLE.

year. lodged the general situation kept growing worse
even after Dicember until near the end of the fiscal
year 1892-93. All that time we apparently held oat
large inducements to the foreign investor to bay our
producte and securities and the result ought to have
been a free flow of capital to this country. Europe
indeed took our grain because it was forced to, and owed
us a targe balance for i t ; yet the gold would not come.
Oar railroads likewise were reporting increased earn­
ings, paying and promising increased dividends, and
so making oar securities on their face unusually tempt­
ing, yet London and Berlin would not touch them.
The fact is there was a condition underneath the sur­
face which placed us in much the same position our
friend would have been in had he pushed his applica­
tion one step further and offered the Bank of England
as security for the gold he 30 much wanted the bonds
-of a village (call it Silverdollarvitle), where they were
attempting to establish the free coinage of silver so
they could pay their bonds in silver dollars.
It was on Tuesday the 6th of June 1893 that the
next stage iu this development towards gold imports
may be said to have had its inception. The morning
journals of that day contained the announcement by
President Cleveland of his purpose to c >11 an extra
session of CoDgress between the first and fifteenth of
September to consider the business dislocation and to
repeal the purchase clause of the 1890 silver law. Oa
the very same Tuesday the decline in the New York
foreign exchange market set in which before the week
closed had become most radical. In writing with ref­
erence to it on June 10th (see Chronicle Jane 10,
1893, page 946), we said that “ a favorable feature this
week has been the decline in foreign exchange rates
and the utter demoralizationof the exchange market,
thus checking for the time being further ex­
ports of gold, only one million dollars having gone
out and that early in the week.” Observe the revo­
lution—exporting gold on au early day of a week in
which on a later day foreign exchange is so demoralized
that it gives rise to the anticipation of gold imports.
Why did this change occur ? Or perhaps we should say
how was the change made possible ? It was made possi­
ble by the partial removal of the fear of a coming alter­
ation in the standard of values. It began to look proba­
ble even in London and Berlin that the silver policy of
the United States enacted first in 1878 was doomed.
Each succeeding week too encouraged this feeling,
rumors being afloat daily that the President had deter­
mined to summon Congress in extra session earlier than
September. On Jane 30th the anticipated proclama­
tion was issued calling Congress together August 7th.
Now let us note the facts as to gold imports, the third
stage in th-s affair. It should be remembered that we
were exporting gold all through 1892 and down to and
in the very week ending June 10th, when President
Cleveland's first announcement was made, but that our
foreign exchange market thereupon became demoral
ized, rates dropping so low a3 to be suggestive of gold
imports. The first shipment of gold f om London to
New York was in the week ending Jane 24th; the
second was a withdrawal from the Bank of England on
the same day the President issued his proclamation, its
issue apparently being known early on Tuesday in New
York (judging from the course of our 8tock Exchange
during that day) and probably also in London. After
that, by slow degrees, evidence accumulated that the
repeal would certainly pass the House by a good major­
ity, and most likely pass the Senate, though with a

395

smaller favorable margin. For the week ending July
loth the gold engagements for New York were large.
The following two weeks the movement was less
extensive, but for the week ending August 5
the engagements became heavy and continued to
be heavy, though declining gradually, during the
next three weeks; since then the movement has assumed
much smaller proportions. Ou the 28tbof August the
memorable vote for repeal was taken in the House of
Representatives, the majority proving to be larger than
anticipated; and almost immediately thereafter foreign
exchange rates assumed an almost normal condition,
with gold coming into New York in small lots ever
since.
The foregoing facts show clearly enough that the
belief in a favorable issue of the repeal measure was a
condition antecedent to the inflow of gold. That belief
first arrested and then modified the distrust felt in the
stability of values, which distrust bad stopped the
movement of capital to the United States. Ouly after
there was reason to anticipate the probable removal of
the cause which created the distrust was the movement
made possible again. We paid dearly for what we got,
though, and would not have got it unless we had paid
dearly, because the risk was only partly relieved. How we
influenced the inflow and what the early imports cost
us we discussed fully (Aug. 5, page 198,) a few weeks
since. Hence we say the progress of the repeal meas­
ure alone and the belief in its success has been the
motor that has been regulating and restoring our
finances and our industries. We will add too that
should it become evident ouee more that repeal was
lost, the disturbed business and financial conditions
would return in their full force, but they would bring
no gold.

THE SITUATION OF THE UNITED STATES
TREASURY.
The fact of chief significance which the monthly
Treasury statements for September suggest is the de­
cline in the total cash holdings by the Government.
This is very noticeable whether we compare 'The
actual cash balance” with that of a month ago, or the
"total cash in banks and sub-treasuries.” Our cus­
tom has been to tike the latter total for comparison,
it having proved the more instructive guide, since
the total which represented "the actual cash balance’’
(the balance given in the debt statement) has here­
tofore been a little misleading, it being affected by
“ disbursing officers’ balances,” which in the pa3t was
a large variable item not disbursed but in process of
being disbursed. Our usual statement of Government
money holdings and cash, is subjoined.
1H 93.
J u li/1 .
tM .i.n p hy tr v u v r e r in Sitb-Traisuriet—
I

Avgust l.
t

Sep 1.1.
*

9 S .IS 5 .rn

BJ.209.W l

0-1.000.125

Net sllyer coin nod b u llio n ...,.............. .
6,797.136
Net 0 . 3. T roaiory notes, act J a i r 14,1890... 6,388,633

3,011.151
1,613.210

3,791,336
-l,101,719
9,137,866

N et li e u co in a n d b u llio n ................................. .

N et !<w«l te n d e r n o te * .. . . . . ................ ............

13370,333

I M S 1,012

Net n a tio n a l Sank notes ......................................

3 .W M »

S,620.150

8,157.687

N et fra c tio n a l u tlr e r ....... ........................................ 11.863.M5

12.550,718

12.700,829

T o tal ca sh m M h -tra a ra rto a , n e t ...............l w.520,093
A m o u n t In n a tio n a l b a n k a .....................................16,093,311

13.776,862

129.557.530
16,813,801

T o ta l ea*h Id baak«and#tib-treaflurles.i54,613,3U 154,011.775 110,105,831
D educt other liabilities* net........... ............ 82.161,024 30,124.208 39,121.920
___

Actual

ca sh b a la n c e ................................... ,,122.402,290 117,881,607 107.233.011

* Chiefly “ d isb u rsin g officers* b a la n c e s ,”

It will be observed that the actual cash balance has
fallen off about 10^ million dollars in the month and
for the two months a little over 15 million dollars;

396

THE CHRONICLE.

[Von. L/VII.

whereas the cash in hanks and sub-treasuries has fallen be predicated on the August receipts as a basis. They
oil only a little over 8 million dollars during July and were abnormally small. We have noted one reason (the
August, the difference between the two statements warehousing of spirits instead of paying the taxes)
(7 million dollars) being found in “ other liabilities.” why they were materially less and why they furnish no
As however “ disbursing officers’ balances” have in guide for future months. Tnere are other reasons of
these months been substantially stationary (#24,522,439 a like character. Customs revenue for instance was
on September 1 and $24,240,951 on July 1) the loss of considerably smaller than any month this year. This
15 millions in cash better represents on this occasion we was partly due to smaller imports but in part also
think the actual shrinkage of Treasury assets in the to the fact that, although the imports were smtiler, a,
larger amount than last year was entered for warehouse
two months.
Of course a timid man who confined his observation so as to avoid the payment of Customs duties. With
to the foregoing result would argue that as this state­ business active again these goods will speedily be
ment shows an average loss of about 7-J million dollars thrown o d the market.
a month, on the first of January, 1894, the loss will
Another interesting result which these Government
have reached 30 million dollars additional, and on the reports disclose is that national bank notes increased.
first of July, 1894, it will have reached 75 million $15,225,961 in August. As these notes also increased
dollars, besides the 15 millions already lo st; in other #5,041,385 in July, the net additions in Ju ly and
words, the year’s results will show a deficit of 90 mil­ August have been $20,267,346. That is a result of the
lion dollars. Having reached this point, such an pressure which his existed for currency. It is to be
observer would very likely conclude that the prospect said, however, that the operation in other respects also
before the present Administration was a perilous one. i3 likely to prove profitable. During June, July and
We will admit that there is enough of truth in the August Government bonds have been selling
above result to make any man nervous if it were at a very low figure.
It is impossible to
not for the repeal of the purchasing clause of the 1890 say at just what price the banks that took out
silver bill. As the case stands, however, assuming the currency got their bonds. They were not all
Senate to have confirmed the act of the House, the purchased on the market; many of them were taken of
facts show not what we have got to face but what we savings banks that wanted to accumulate cash, and the
have escaped. With the country’s prosperity regained, terms of the transfer were private; in some cases—we
which that transaction ensures, our revenues will ex­ do not know in how many—the price was below the
pand again. The Government itself has shown one market quotation, for the savings banks needed to sell,
item that is pretty sure to increase very soon. We refer and it would have depressed the market to have offered
to “ spirits in distilling warehouses,” the total of which their securities at public sale. The bonds deposited
Treasury officials state is 20 million gallons larger now with the Comptroller by the banks on which the new
than a year ago (which means an additional 18 millions currency was issued have been almost wholly four per
of internal revenue taxes), the larger accumulation cents, though some of them were currency sixes. Of
being due solely to the fact that the owners could not course the two ptr cents are almost all on deposit now;
get the money to pay tho taxes during the hoarding but even if they were procurable at current rates, they
period we have just passed through. Besides that the would be less desirable, because less profitable for cur­
revenue receipts in July and August were otherwise rency purposes.
lessened by reason of the peculiar situation of monetary
There is one single fact further we will mention. I t
affairs in those months; they were below normal just is of special interest because many people seem to think
as the business receipts of individuals were and cannot the scarcity of currency recently felt is evidence of a
be taken as a standard of the future under different lessened supply and that Congress should for that rea­
conditions.
son hasten to form a new system immediately aft r the
But no doubt there will be a considerable deficit on repeal of the purchasing clause of the 1890 silver law.
the first of July 1894. The Government admits that. It We have already shown that the bank notes outstanding
is well enough to state, though, that whatever the de­ have increased over 20 million dollars in two months.
ficit may be it will cause no anxiety. With the repeal But that is not by any means all the increase that has
hill passed the United States will have a bond to offer taken place in that time. The Government prepares
which will command money at a low rate of interest in each month a statement of currency in circulation. Ac­
any market of the world—a bond too that Europe would cording to the first of September figures the amount in
not have touched except at a large discount under the circulation at that date was $1,680,562,671; on August
old conditions. At the same time it should be said, 1 the similar total wa3 $1,611,099,017; on July 1 the
the better opinion seems to be that the Administration total was $1,593,726,411. In other words there was an
will not, unless in an emergency, put out any such ob­ addition to our circulation in August of $69,463,654,.
ligation. There are other methods which might be and in July and August of #86,836,260.
adopted. So far as it can do so, we should suppose
payments would be deferred. Then another depend­
THE D EN VE R & RIO GRANDE.
ence is the Treasury balance, which might be further
Beyond that of almost any other road in the country,
drawn down; when the Governments credit is
restored so that it becomes a welcome borrower at the annual report just submitted of the Denver & Rio
any moment in any market, it would suffer no Grande wJI be closely studied. For the road is situ­
harm if towards the close of the year, as a temporary ated in one of the most important of the great silvermatter and in anticipation of increased revenue during producing States, and the management, after having a
the following twelve months, it should trench upon its short time ago felt compelled to discontinue dividends
reserve. Whether it can thus borrow of itself to a on the preferred shares, now find themselves confronted
sufficient amount must depend upon what the deficit with a large and noteworthy falling off in earnings.
will be—a difficult point to determine. As already Losses of earnings by United States railroads have
said, no correct calculation as to future revenue can latterly been so common that that feature in the Rio

SEPTOrSEK 9, 1393.1

THE CHKOXICLE.

Grande case would not in itself attract more than
ordinary attention, except that the ratio of decrease is
exceptionally heavy and that the road, by reason of its
location in the silver-mining regions, and its dependence
therefore on the silver-mining industry, is necessarily
liable to special loss on that account.
The report is for the fiscal year to June 30, and
hence does not cover the two months of very severe
depression since then. We shall allude to the results
for these two months further below. The annual
statement makes a very gratifying showing, as indeed
had been expected from the information previously fur­
nished. The fact, however, is of increased importance,
now that the property is being subjected to such a
severe pressure. We Had in the first place that both
gross and net earnings were the largest in the company’s
history, the gross as compared with the year preceding
showing an increase of #1-86,700 and the net an increase
of 1326,208. Total gross reached 9J million dollars
(t9 ,317,616) and aggregate net over four million dol­
lars—#4,035,561.
There has been almost uninter­
rupted rise in both gross and net ever since 1888, wheu
gross was only #7,668,651 and net but little over 24
million dollars—$2,563,972.
This shows very satisfactory development. In addi­
tion to the #4,035,561 net earnings, the company re­
ceived in the late year #51,575 interest on securities
held, making the total net income for the twelve
months #1,090,136. Out of this the company paid
$2,887,828 for interest, taxes, rentals, etc. (the amount
including a contribution of #240,000 for betterments
and renewals), which left a surplus for the year of
#1,402,308. The two dividends of one per cent each
paid on the preferred stock in February and .May
called for $473,000, and thus over and above all re­
quirements for fixed charges and a payment of two per
cent on the preferred stock, there remained a surplus
on the operations of the twelve months of #929,308,
Plainly, therefore, the suspension of dividends on the
preferred shares was a wholly precautionary measure—
a precautionary measure which subsequent develop­
ments have shown to have been indicative of a wise
foresight. If there had been nothing else to take into
consideration except the year's income, the company
could have continued the quarterly dividends of one
per cent and yet have carried forward a surplus after
paying the four per cent for the twelve months of
$456,308.
Another fact is worth bringing out. Wo have seen
that taking the charges ahead of the stock and disre­
garding the dividends, the surplus for the year was
#1,402,308. Bat this is after deducting $240,000 con­
tributed out of earnings for betterments and renewals.
With this eliminated the surplus above expenses and the
fixed charges would be $1,642,308, Total net income
for the twelve months was #1,090,136, and hence on that
basis the company could lose 40 per cent of the late
year’s n t( earnings before its ability to earn its fixed
charges would become endaagered. Gross earnings
for July and August, as we shall presently show, have
fallen off in a very remarkable manner; bonce it is es­
pecially important to hear in mind how great is the
leeway between the company's income and its fixed
charges.
The surplus income of the late year was devoted to
extinguishing the floating debt, and a3 a consequence
the $715,000 of ioan3 payable and the #141,952 of bills
payable which were reported in the balance sheet a
year ago have now entirely disappeared. The total of

397

all current liabilities June 30, 1893 (including taxe 3
and interest, &e., accrued but not due) was only
$1,868,874 as against $2,719,432 June 30, 1892. As
against the #1,868,874 current liabilities, the company
had 1503,947 of actual cash, which, with the accounts
and bills receivable and other items, raised the total of
all cash assets to $1,139,679, not including $482,327 of
materials and supplies on hand. In addition the com­
pany had in its treasury stocks and bonds of an aggre­
gate par value of $2,495,150 and which cost $1,200,615,
(Rio Grande Southern bonds being the largest item in
the same), and had besides cash and securities in its
renewal fund aggregating at par *490,002 and which
cost $397,482. No change whatever occurred in the
company’s stock or any of its issues of bonds.
Thus on June 30 the company’s finances were in ex­
cellent shape, and the year had proved an unusually
satisfactory one. In an addendum to the report, under
date of August 26, President Jeffery refers to this fact,
and also to the unfortunate developments which have
occurred in the general mercantile and financial situa­
tion since then. The year, he says, was the most
prosperous in the history of the company. fiIta revenues,
gross and net, its surplus over all expenses and charges,
and its traffic generally, were the largest ever obtained.
The company was free of floating indebtedness,
had entered upon the policy of paying dividends
upon its preferred stock, and had promise of unbroken
prosperity.
Suddenly these favorable conditions
changed; financial stringency, unsettled monetary
problems, extraordinary depression in business, and the
temporary suspension of silver-mining, destroyed con­
fidence, reduced traffic and revenues, and forced upon
the management immediate and radical retrenchment
in every branch of the service. At their July meeting
your directors deemed it prudent to defer further divi­
dends and subsequent events have demonstrated the
wisdom of the course.” * * * “ It is hoped and
believed that with a revival of business and a resump­
tion ef silver-mining your company will speedily recover
its prosperity and the Rio Grande Southern [in which
road the Denver & Rio Grande has a large interest and
which Mr. Jeffery points out it was deemed advisable
to put in the hands of a receiver, Mr. Jeffery being
appointed as such receiver] work out of its embarrass­
ment.”
While it is manifestly impossible to tell what tho
outcome of the current fiscal year will be, certain con­
siderations bearing on the question should not be over­
looked. One of these has already been alluded to,
namely the fact that tho margin of income above tho
fixed charges in so very large. Of course, if earnings
should continue to fall off at the present rate, even
that margin might be wiped out. But it is very im­
portant to remember that there has been a special
cause operating to swell the decrease, at least in tho
late month, entirely outside the suspension of silvermining and the prostration of general business. We
refer to the fact that comparison is with the period
last year when the Masonic Conclave was being held in
Denver, and when consequently the passenger traffic
and the passenger earuings of the road reached extra­
ordinary proportions. What an important influence
this was may bo judged when wo say that the company
in August, 1892, carried 118,440 passengers as against
only 60,955 passengers in the corresponding month of
1891, and that the passenger revenue reached $295,273
against only $189,363. With this special agency ab­
sent, passenger revenues were certain to fall back to

398

THE

CHRONICLE.

normal figures the present year, business depression or
no business depression.
The monthly statements of the company have shown
a decrease in aggregate gross earnings (passengers,
freight, etc.) from the totals of last year of §286,600
for July, or nearly 40 per cent, and a decrease of $461,700 or nearly 50 per cent for August. The analysis
we have just made shows that at least one hundred
thousand dollars of this latter decrease must be ascribed
to the loss of the extra passenger business which the
Masonic Conclave gave the company last year. It is
desirable, too, to correct a mistake as to the cause of
the remainder of the decrease. The impression pre­
vails that as the Denver & Eio Grande is situated in
the silver-mining region, the loss reflects chiefly the
effect of the stoppage of silver-mining. But the
Denver has suffered not alone from the closing
of the silver mines but from the general de­
pression of business, which has been as intense in Col­
orado as in other parts of the country, and which has
led to the closing up of industrial establishments in no
manner dependent upon silver-mining. In this lat­
ter respect a change for the better may be ex­
pected just as soon as the present business situation
improves, and this irrespective of what the prospects
may be for the silver-mining interests. But silver­
mining must also again be resumed when the outlook
for silver becomes more settled, even if the present low
price for the metal should continue to prevail, which
is by no means certain. Of course the mines which can
produce only at a high figure will have to remain
closed, but wherever there is a profit in the work pro­
duction will be carried on; and we have the Creede
mining camp as an illustration of how favorably some
of the mines in Colorado are si'uated for producing
silver.
It is also to be remembered that the general traffic
of the road has been greatly enlarged. This becomes
plain upon an examination of the statistics in the
present report. In the late year, it appears, out of a
total freight traffic of 2,488,079 tons, 314,336 tons, or
12-63 per cent of the whole, consisted of precious ore;
of the freight revenues, precious ore furnished as much
as 23-47 per cent of the whole. In the year preceding,
the percentages were respectively 13-72 and 22-86. The
road also carried some bullion, but this does not cut
much of a figure in the grand aggregate, having con­
stituted in the late year less than one per cent of the
freight tonnage and only about l-J- per cent of the
freight revenue. The largest single item of tonnage is
bituminous coal, where there was an increase from
776,495 tons in 1891-92 to 1,036,636 tons in 1892-93.
But bituminous coal, while furnishing 41-66 per cent
of the tonnage, furnished only 19-83 per cent of the
freight revenues; in the previous year, however, the per­
centage had been but 17-76 per cent. We may note,
too, that the iron ore traffic in the late year increased
from 43,857 to 171,784 tons, iron and steel rails from
20,497 to 36,197 tons, coke from 79,218 to 154,995
tons, and stone, sand, etc., from 85,288 to 140,987
tons-—all of which affords evidence of growth and de­
velopment outside of silver-mining.
Our object in the foregoing of course has not been
to forecast the future, but simply to indicate that a
continuance of the decline in earnings at the present
rate for a great length of time seems very unlikely.
Any estimate of the probable result for the year is out
of the question. Stockholders, however, have the as­
surance that the finances of the company are in an ex­

[V ol . LVliV

cellent state, there being no floating debt in the shape
of loans or bills payable, that the property is in good
physical condition (which is perhaps of greater import­
ance in the Denver case than in the case of other roads,
since by reason of the mountainous character of the
country the road is peculiarly liable to washouts, &c.,
and any defect in condition might entail very serious
consequences), and that its management is in capable
and efficient hands, so that in every way the property
is well prepared to stand a period of adversity, if un­
fortunately the existing depression should be prolonged.
It deserves to be stated, too, that all the higher officials
of the company have voluntarily agreed to a reduction
of from 20 to 10 per cent in their salaries.

OUR DOMESTIC W ATER COMMERCE.
At the recent World’s Water Commerce Congress
at Chicago, Mr. Thomas J . Vivian, the agent in
charge of transportation statistics for the United
States Census, read an interesting paper on the
"Status and Extent of American Domestic Water
Commerce,” based on statistics collected by him
for the Census. Mr. Vivian does not undertake
to minimize the decline in our foreign carry­
ing trade. On the contrary he cites some figures
which show in a very pointed way how extensive this
decline has been—thus, for instance, that while in 1856
$482,268,274 of the United States imports and exports
were carried in American vessels and only $159,336,576
in foreign vessels, in the Census year 1890 but $202,451,086 were carried in American bottoms and as much
as $1,371,116,744 in foreign bottoms, our proportion hav­
ing dropped from about 75 per cent to about 12 per cent.
At the same time Mr. Vivian undertakes to correct
the impression that we have no carrying trade at all
and that our ship-building yards are idle.
If our
foreign carrying trade has shrunk to very small propor­
tions, on the other hand our domestic water carrying
trade has been assuming larger and larger dimensions.
To those cognizant of the growth and extent of our in­
ternal trade, the fact is not a new or an unfamiliar one;
the statistics which Mr. Vivian has collected, however,
serve to give prominence to it and to bring it to public
notice. Some of Mr. Vivian’s statistics have been
alluded to by us on a previous occasion, when the Cen­
sus issued a preliminary Bulletin on the subject, but
the present paper covers much more comprehensive
data and comprises some entirely new facts.
As evidence that our water carrying trade and th e
ship-building industry dependent upon it are far from
extinct, Mr. Vivian points out that the records show
that during the 30 years ending in 1890 we built in this
country 1,747 ships and barks, 575 barges, 12,423
schooners, and 17,359 sloops and other small craft—a.
total of 32,104 sailing and unrigged craft, representing
5,159,605 tons of tonnage—together with 10,652 steam­
ers having a tonnage of 2,864,066 tons, or a grand aggre­
gate of 42,756 craft of all kinds, with a tonnage of
8,023,671 tons. The average annual addition to our
fleet has thus been 1,379 vessels, with a tonnage
capacity of 258,828 tons. This Mr. Vivian is inclined
to regard as quite an encouraging exhibit. Perhaps it
is not discouraging, and yet an annual addition of a
quarter of a million tons seems insignificant when we
remember that Great Britain is in the habit of turning
out over a mill on tons a year, and tonnage, too,
in actual steam and sailing vessels, and not any of it

S eptbmbeb 9, 1893.J

THE CHRONICLE

399

" unrigged craft.” Mr. Vivians purpose is to give and a total of 199,079,577 passengers carried. Only
prominence to the favorable features, so he evidently 4,431,591 tons of the freight was moved by vessels in
doe3 not feel called upon to make any comparison in the foreign commerce, while 163,646,729 tons was
this particular. It is only fair to say that Great Britain freight moved in domestic commerce ; this latter total
does the ship-building fora large part of the world, and is distributed as follows: 53,424,432 tons moved on
that her yearly product in ships does not therefore the Great Lakes, 29,405,046 tons on the rivers of the
represent the annual additions to her own fleet. There Mississippi Valley, 72,705,973 tons of domestic com­
is, however, still another feature of oar ship­ merce on the Atlantic Coast and Gulf of Mexico, and
building returns of considerable importance, but 8,111,278 of domestic commerce on the Pacific Coast,
upon which Mr. Vivian lays no special stress. to which is added 20,747,932 of canal traffic, raising the
In speaking of the relative amounts of tonnage total of the domestic commerce on water to the impos­
built on inland waters and on the seaboard, he tells us ing figure of 184,394,664 tons.
In considering a trade of such proportions, it is not
that in 1860 44,962 tons were built on inland waters
and 169,836 tons on the seaboard, and that in 1890 surprising that Mr. Vivian should grow eloquent. The
125,032 tons were built on inland waters and 169,091 theme is certainly an inspiring one. “ The foreign
tons on the seaboard. Thus in 1860 the aggregate carrying trade,” he says, “ may have temporarily passed
new tonnage was 214,798 tons, in 1890 294,123 tons. out of onr hands between the stress of competition
Hence notwithstanding the great increase in our inter­ abroad and the dead weight of apathy at home, hut wenal trade, the addition to our fleet in 1890 wa3 hardly are still traders and we still have a merchant marine.
80,000 tons more than the addition thirty years before. Along the shining streams of Maine ; between the hun­
We think it will be admitted that this does not re­ dred ports of Long Island Sound ; along the steaming
flect a very rapid expansion of the ship-building in­ glades of the Southern water courses ; across the drab
waves of San Francisco Bay; in Puget’s waters, where
dustry.
It is true, nevertheless, that we have an extensive the pines stand thick around Vancouver, and far up
fleet, and that the commerce done by it is of striking in Bering’s closed sea, there is a commerce carried on
proportions. Mr. Vivian says there is plenty of prog­ that grows each year in value and extent, and that is
ress and activity in the business of our transportation full of pay, and power, and promise.”
by water, but it is not upon the high seas that we must
Mr. Vivian undertakes some comparisons between
look for it. In the Census year there were 8,917 sail­ our fleet and tonnage and that of Great Britain in
ing vessels, with a tonnage of 1,791,071 tons, and 6,067 which to make it appear that wo closely approach the
steam vessels, with a tonnage of 1,818,386 tons, or “ greatest maritime country of the world,” he finds
together 14,984 steam and sailing vessels, with a ton­ himself obliged to stretch things not a little. He states
nage of 3,615,457 tons. This would ordinarily be that in the Census year Great Britain had 5,968 vessels
considered the extent of our fleet. B at Mr. Vivian engaged exclusively in the foreign trade, with a tonnage
contends that, owing to the peculiar condition of water of 6,595,445 tons, while the United States had only 686
transportation in the United States, under which un­ vessels, with a tonnage of 636,691 tons ; of vessels en­
rigged craft form an essential part of our water equip­ gaged in mixed foreign and domestic trade Great
ment, the tonnage of this unrigged craft should be Britain had 760 with a tonnage of 185,026 tons, whilo
counted as part of the total. He reports 10,561 as the we had 601 with a tonnage of 237,694 to n s; but of
number of the unrigged craft, and gives their carrying vessels engaged exclusively in domestic trade, Great
capacity as 4.008,847 tons. With these included, the Britain had only 10,826 with a tonnage of 860,683,
entire fleet numbers 25,545 craft and has a tonnage while we had 12,731 with a tonnage of 2,701,674. No
capacity of 7,624,304 tons. The value of the 8,917 fault is to be found with the comparisons thus far, and
sailing vessels is put at 157,275,727, or an average of they show that in the aggregate the United States in
16,423 per craft; that of the 6,067 steam vessels at the Census year had 14,018 craft with a tonnage ca­
•140,813,570, an average of $23,210 per craft; and pacity of 3,576,059 tons, while the United Kingdom
that of the 10,561 unrigged craft at 116,931,039, an in the same year had 17,554 vessels with an aggre­
average of 11,603 per craft; thus making the grand gate tonnage of 7,641,154. In other words, the tonnage
aggregate for the entire fleet of 25,545 vessels #215,020,- of Great Britain’s fleet was more than double our
336, to which #25,000,000 is added for 3hore property, own.
raising the total to $240,020,336; and it is estimated
But Mr. Vivian goes a step further, and adds on our
that the amount which has been actually invested in unrigged craft, thus giving the United States a grand
the industry is 1275,000,000.
total of 24,579 craft with a tonnage of 7,584,906, as
The total of persons employed to make up the ordi­ against Great Britain’s 17,554 vessels with 7,641,154
nary crews of the operating vessels numbered in the tons—leaving us less than 60,000 tons behind Great
Census year 109,861, while the men employed wholly Britain in the tonnage account and 7,025 ahead in
or partially during the year numbered 240,288. The craft. “ So you see,” he says, “ the case does not look
wages paid amounted to 139,684,936. The gross earn­ so very desperate after all,” Wo should say the case looked
ings of the fleet for the year reached #144,800,954, out a w fu lly desperate when it becomes necessary to treat
of which was paid #114,331,690 for expenses, leaving a our “ unrigged craft” as on a par with Great Britain’s
net profit of #30,269,264, equal to 11 per cent on the tonnage in the foreign trade—an American barge, for
estimated capital investment of #275,000,000, or 13 instance, being regarded as the equivalent of one of
per cent on the present valuation of #240,000,000. In the great Bril ish ocean liners plying between New York
fuel for steatn-making, the craft onaum ed 4,585,031 and Liverpool.
But Mr. Vivian was speaking at
tons of coal and 415,243 cords of wood. But most the World’s Fair; and in the presence of that gigautie
striking of all is the extent of the traffic transported. display of American wisdom, skill, ingenuity and
The Census had reports of operations from ninety greatness, no truly patriotic American would admit for
per cent of the entire fleet, and these reports show a a momeut that his country could rank much behind
total of no less than 168,078,320 tons of freight moved any other in anything.

THE CHRONICLE.

4U0

COTTON MOVEMENT AND CROP OF 1892-93.
O ur sta te m e n t of th e co tto n cro p of th e U n ite d S tates fo r the
y e a r en d in g Sept. 1,1893, w ill be fo u n d below . I t w ill be seen
t h a t th e to ta l crop th is y e a r reach es 6,717,143 bales, w h ile th e
ex p o rts a re 4,402,890 bales, a n d th e sp in n e rs’ ta k in g s a re
2,481,015 bales, leaving a stock on h a n d a t th e close of th e y e a r
of 243,271 bales. The w hole m o v em en t fo r th e tw e lv e m o n th s
is g iven in th e follow ing pages, w ith su ch suggestions and
explanations as th e p ecu liar fe a tu re s o f th e y e a r ap p ear to
require. The first tab le in d icates th e stock a t each p o rt
Sept. 1, 1893, th e receipts a t th e p o rts fo r each of th e p a st tw o
y ears, an d th e ex p o rt m o v em en t fo r th e p a st y e a r (1892-93) in
d etail, and th e totals for 1891-92 a n d 1890-91.
Receipts fo r Y ear
ending—
PORTS.

S ep t. 1.
1893.

E x p o rts Y e a r ending S ep t. 1,1893.

G reat
Sept. 1,
1893. B r ita in .

L o u isia n a .. 1,602,079 2,503,251
A la b a m a ... 171,58?
267,568
T e x a s ......... 1,103,724 1,198,445
27,923
F lo rid a ....
31,328
G e o rg ia .... 925,369 1,194,417
468,904
So. Carolina 292,134
N o.C arT ina 188,03c
209,035
V ir g in ia ... 496,498
858,904
N ew Y o rk . *49,807
*SS,9SS
B o s to n ....... *120,056 *149,883
*99,608
B a ltim o r e . *70,656
*73,212
*89,904
P h i l a ..........
P o rtla n d ....
S. F r ’ncisco

Chan­
Other
France
nel.
Foreign.

014,247
340,752
36,086
473,700
133,718
7,610
119,487
27,207
92,094
2,500
74,086
171,835
409,611 69,359 32,938
226,315
80,677 1,400 11,202
20,375

Stock
Sept. 1,
1893.

Total.

3c3,601 1,338,600 37,051
400
36,486 5,425
205,873 813,321 10,717
7,610
299,779 446,4-: 3 11,499
122,950 217,559 18,015
57,929 131,995 1,74C
38,485 210.320 6,300
211,136 723,044 134,941
6,968 233,313 6,4S5
123,516 222,855 3,000
416
20,791 7,148

532

532

T o ta ls —
T h is y ear 5,124,476
2,332,035 70,759 548,407 1.451,059 4,402,890 243,271
L a s t y ea r
7,157,542 3,330,506 79,326 692,304 1,702,785 5,864,921 416,530
6,993,150 3,319,004 82,010 561,240 1,828,374 5,790,634 [228,084
P r e v . y r.

.......

B5?” * T h e se figures a r e only th e p o rtio n o f th e re c e ip ts a t th e s e p o rts w hich
a r r iv e d h y ra il o v e rla n d fro m T e n n e s se e . &e.

T he foregoing show s th a t th e to ta l r e c e ip ts a t t h e A t l a n t i 0
G u l f s h ip p i n g p o r t s th is y e a r h a v e been 5,124,376
bales, a g a in st 7,157,542 bales la s t y e a r a n d 6,993,150 bales in
1890-91; a n d th a t th e ex p o rts h a v e been 4,402,890 bales, a g a in st
5,864,921 bales la s t season a n d 5,790,634 bales th e previous
season, L iverpool g e ttin g o u t of th is crop 2,307,064 bales. If
n o w w e add th e shipm en ts fro m T ennessee a n d elsew here
d ire c t to m a n u factu rers, a n d S o u th e rn consu m p tio n , w e have
th e follow ing as th e cro p sta te m e n t fo r th e th re e years.

and

|Year Ending September 1.

1892-93.

1891-92.

1890-91.

R eceip ts a t th e sliipp’g p ’rts.b ales
A d d sh ip m en ts fro m T ennessee,
&c., d ire c t to m a n u fa c tu re rs ...

5,124,476

7,157,542

858,965

1,199,694

1,056,452

T o ta l............................................
M an u factu red South, n o t included

5,983,441

8,357,236

8,049,602

631.4.71

€05,916

733.701

;

6,993,150

T o t a l C o t to n C r o p f o r tlie
Y e a r ..............................b a les. 6 ,7 1 7 ,1 4 2 9 ,0 3 8 ,7 0 7 8 ,6 5 5 ,5 1 8

The re su lt of th ese figures is a to ta l of 6,717,142 bales
(w eighing 3,357,588,631 pounds) as th e crop fo r y e a r en d in g
A u g u st 31, 1893, a g a in st 9,038,707 bales (w eighing 4,508,324,405 pounds) as th e crop fo r y e a r e n d in g A u g u st 31, 1892.

Consumption in the U nited States and Europe.

United States.—The

w hole face o f business affairs has
chan g ed d u rin g tb e last te n days of A u g u st fro m a n ex trem ely
u n fav o rab le outlook to a less strain ed condition, w ith a m uch
m o re hopeful feeling p rev ailin g everyw here. T his im p ro v e­
m e n t h a d its inception in a gro w in g confidence th a t th e m ove­
m e n t fo r th e repeal of th e pru-chasing clause o f th e 1890 silver
bill w ould be successful ; it w as fu rth e r stim u la te d b y th e
larg e m a jo rity the m easure received in th e H ouse of R epre­
sentatives on M onday th e 28 th of th a t m o n th a n d by th e bet­
te r prospects of th e repeal m easu re in th e S enate. I f th is bill
passes th e Senate soon, th e chief obstacle to co m m ercial e n te r­
prise w ill of course be rem oved, a n d th is ch an g e in th e ch a r­
a c te r of th e surro u n d in g s w ill m ost likely im p a rt new ac tiv ity
to all trades.
W e m ention this new phase in th is general w ay a t th e o u t­
se t because th e e x ten t of its influence is still u n certain , for as
w e w rite th e bill, as stated , h as n o t passed th e Senate. W hen
ad opted by th a t body it w ill.be a n im p o rta n t fa c to r in any
■fo recast of th e fu tu re , b u t does n o t otherw ise affect th is
review of th e cotton-spinning in d u stry of th e U n ited S tates
d u rin g th e y e a r endin g w ith A u g u st 31, 1893. T h a t in ­
d u stry has disclosed fro m th e beginning of th e second

pvox#. LVIi,

q u a rte r of th e y e a r in som e d ep artm en ts, a n d d u rin g thelast six m o n th s in every d ep artm en t, a tendency to w ard s
less favorable conditions, th e la st tw o m onths (Ju ly and
A ugust) being d istinguished by a decided an d gen eral
depression and by th e stoppage of very m an y co tto n spindles
in various p a rts of th e cou n try . This state o f affairs affords a
m ark ed c o n tra st w itli 1891-92 ; fo r it so happened th a t our
ex trem ely a b u n d a n t breadstuffs crops in 1891 m e t so a ctiv e a
dem and a t h ig h prices fro m E u ro p e th a t th e consum ing
capacity fo r goods larg ely increased in th e W est and N o rth ­
w est and gave a favorable im pulse to th e co tto n goods trad e
th a t y ear even before the season opened on S eptem ber 1,
w h ic h im pulse co n tin u ed to develop th e re a fte r m o n th by
m onth, th e im p ro v em en t b ein g m an ifest dow n to th e v ery
close of th e season on S eptem ber 1, 1892.
As a consequence of su ch conditions a n d of such a satis­
facto ry en d in g th a t y e a r the outlook fo r th e season of 1892-93
w as believed b y spinners to be u n u su a lly fav o rab le, an d w e
so rep o rted i t in o u r a n n u a l rev iew a y ear ago, sta tin g th a t
we h ad received scarcely a single an sw er to th e m a n y letters
we h a d sen t o u t to ag en ts a n d m a n u fa c tu re rs w hich failed to
express th e a n ticip atio n of a good y e a r’s business. The re su lt
has proved th a t spinners did n o t give sufficient w eig h t in th eir
forecast to th e adverse influences w e en u m e ra te d in th a t
review . W h a t w as it th a t gave rise to th e ex cellen t co tto n
goods tra d e in 1891-92? As sta te d above, it w as th e larg e
crops of bread stu ffs w e raised in 1891 (so a b u n d a n t th a t
th ree sorts of g ra in ag g reg ated 3% m illion bushels) a n d
th e h ig h p rices obtain ed in E urope, especially fo r o u r
w h eat a n d corn. The v alu es of n e a rly ev ery fa rm p ro d ­
u c t ex cep t g ra in w ere even in th a t y e a r ex trem ely
low a n d u n re m u n e ra tiv e . C otton w as so depressed th a t th e
a b ility of th e people of th e co tto n -p ro d u cin g S tates to con­
sum e goods w as alread y shortened ; th e sam e w as tru e also of
the fru it-p ro d u cin g sections of the Pacific S tates. In d e e d
w ith th e exception of a few tra d e s (alm ost all of w h ich h ad
received th e ir im p ro v in g im pulse fro m th e sam e com m on
source referred to above) th e situ a tio n re p o rted a y ear ago in
cotton sp in n in g w as in stro n g c o n tra st w ith th e g e n e ra l in ­
d u stria l conditions prevailing. N ow n ote, w ith th a t fea tu re
in m in d , th e ch an g e in 1892 in th e price of w h e a t a n d co m ,
w hich in 1891 h a d g iven th e fresh s ta rt to tb e co tto n -sp in n ing
business. I n 1891 No. 2 re d w in te r w h e a t sold on th e N ew
Y o rk P ro d u ce E x c h a n g e A u g u st 31 for S eptem ber delivery a t
g l 09X and on S eptem ber 1 a t 81 0 7 whi l e No. 2 m ix e d c o rn
sold A u g u st 31 fo r S eptem ber delivery a t 69^(c. an d on Sep­
tem b er 1 a t 71%c. In 1892 th e sam e g rad e o f w h e a t sold
A u g u st 31 fo r S eptem ber delivery a t 79®gc. an d on S eptem ber
1 a t 78%c., w hile No. 2 m ixed corn sold A u g u st 31 an d Sep­
te m b e r 1 fo r S eptem ber delivery a t 56 on b o th dates.
These figures a n d sta te m e n ts do n o t, how ever, te ll th e
w hole sto ry . T hey do show th o u g h th a t o u r W estern fa rm ­
ers b egan th e la st season, S eptem ber 1, 1892, w ith th e p ric e of
th e ir leading products fa r below th e sam e d ate of th e previous
y ear, w h e a t b eing n e a rly 29 cen ts a bushel low er a n d corn
n e a rly 16 cents. Of course, th e loss th ese differences re p re ­
sen t com es w h o lly o u t of profit, a n d co n seq u en tly such
changes in p rice in d icate an absolute c h a n g e in th e su rplus
accru in g in th e W est applicable to th e pu rch ase of suppliesW e know , too, th a t th e S outh h as a t th e sam e tim e been ob­
tain in g a n u n re m e ra tiv e price for cotton, a n d th a t th e fr u it
products of th e Pacific S tates have also been ex tre m e ly low .
H ence all th e sections nam ed, in c lu d in g in fa c t v e ry n e a rly th e
en tire fa rm in g d istric ts of th e U n ited S tates, have fo u n d th e ir
profits in 1892-93 sm all, n o t by an y m ean s larg e enough
in th e ag g reg ate to keep u p th e co n su m p tio n of goods a t th e
ra te of th e previous year. H ence ev en -w ilh o u t a n y o th e r ad­
verse influence to depress th e m a rk e t fo r goo d s, w e should
say th a t th is situ atio n w ould of itself beto k en a slackening de­
m and for th e pro d u cts of th a t d e p a rtm e n t of o u r in d u stries.
B u t, as w e have said, th e re h ave been oth er adverse forces
a t work. The m ost conspicuous of a ll, because th e m ost influen­
tial of all, h a s been the d istu rb in g influence w hich o ur silv ercurrettcy has ex erted . W e sta te d a y e a r ago th a t n o tw ith sta n d ­
ing th e cotton-spinning, in d u stry show ed su ch new an d de­
cided activ ity , in asm u ch as o ur “ cu rren cy question w as still
u n settled an d w ould rem ain a d istu rb in g p o w er ” * * “ no
one could c o u n t w ith confidence upon a n y c e rta in le n g th to
th is im pulse in c o n su m p tio n ” fo r cotton goods. The ev en t
has p roved th e accu racy of th is suggestion. O ur people w ill
find o u t one of these days th a t th e m ost h a rm fu l an d most.

September

0. 1893,]

THE CHRONICLE.

401

w asteful operation this co u n try ever engaged in has been the enough th a t th e p ro d u ct h a d been in active dem an d a ll th a t
a tte m p t to raise the value of silver. T here is n o t a single tim e.
p roduct of this co u n try and not a d e p a rtm e n t of its in d u stries
D u rin g th e la s t h a lf of th e y ea r, how ever, affairs h a v e
b ut has been all along affected un fav o rab ly . W ond
taken a tu rn in th e opposite direction. In M arch th e m a rk e t
fully a b u n d an t crops m eeting an u n u su al d em an d an d uneom
for p rin t cloths becam e less active, th e n q u iet, an d la te r o n re ­
m only h ig h prices can be only a n occasional in cid en t in o u r lapsed into dulness. U n d e r these conditions th e p rice d e ­
com m ercial h isto ry . These conditions d id o ccu r to g eth er in clined; a t first slow ly, follow ing th e course o f co tto n , b u t su b ­
1891, but. as w e have seen, they b ro u g h t only a very brief an d sequently fell off m o re rap id ly , an d on th e 1st o f A u g u st h a d
p artial respite from th e gro w in g d e ran g em en t o f o u r in d u s­ reached 2 % cents, w ith low m iddling ru lin g a t 7 9-16 cen ts.
tries—a deran g em en t w hich, w ith th e exception of these pass In o th e r w ords, th e price of th e ra w m a te ria l ou th a t d a te e x ­
in g whiffs of revival, has been u n in terru p ted ly accu m u latin g hibited a g ain over th e q u o tatio n fo r S eptem ber 1 of %<>.,
force ever since o u r legislation began to p u t o ur cu rren cy out while p rin t cloths d u rin g th e sam e in terv al h ad lo st % o .
o f touch w ith the w orld’s cu rren cy .
M oreover, d u rin g th e last six m o n th s o f th e season, o w in g to
W h a t w as the state o f financial affairs o n A u g u st SO, 1893, as th e less activ e d em an d referred to . stocks have acc u m u la te d .
th e season drew n ear its close, an d in w h a t p lig h t was A t first this fe a tu re of th e m a rk e t w as q u ite u n im p o rta n t,
th e cotton-spinning in d u stry left ? I t is difficult to describe m an u factu rers in F all R iver a n d P rovidence h olding on t h e
th e outlook a t th a t d ate accu rately because im possible to first of J u n e only 167.000 pieces, b u t on th e 1st of A u g u st
estim ate how g reatly th e consequences of th e th e n ex ist­ th eir unsold stock w as 500,000 pieces. T his la tte r to ta l com ­
in g situation m ig h t be increased by a prolonged d* lay in pares w ith no stock a t a ll a t th e corresponding d a te in ISO2.
co rrecting th eo b sirttctiv e legislation. O ne fact m ay be stated The p rincipal causes fo r th is decided ch an g e in th e last s i x .
w ith o u t aDy qualification, an d th a t is, th a t th e business of m onths have been fu lly se t fo rth above, so th a t no fu r th e r
cotton m an u factu re w as in ex cellen t shape tw elve m onths reference to them is needed here. B u t as a consequence o f
ago, an d som e dep artm en ts have enjoyed a large m easure of the adverse conditions q u ite a n u m b e r of m ills found it neces­
prosperity even dow n to th e first of Ju ly - The idle spindles sary to sh u t dow n a t th e b eg in n in g o f A u g u st, th e id le
noticeable since th en , have n o t stopped because o f insolvency m achinery in F all R iver alone a g g reg atin g th e m id d le of th a t'
o r of any approach to insolvency. Congress has a tte m p te d m onth fu lly one-half of h e r sp in n in g cap acity . In d e e d ,
to create value by sta tu te , a n d th e evil effects o f th e law durin g th e second a n d th ird w eeks of A u g u st th e d em an d fo r
w hich have been lo n r developing, fin ally reach ed such a stage goods w as scarcely m ore th a n nom inal.
as to destroy th ro u g h o u t E urope a n d A m erica every b it of
As to th e financial resu lts of operations d u rin g th e past y e a r,
confidence in the stab ility o f th in g s here. T he re su lt w as a no b etter in fo rm atio n can be h ad th a n th a t fu rn ish ed by th e
sta te of o u r industries w hich th e co u n try h a d never e x p eri­ dividends declared a t F all R tver. O ur read ers have been in ­
enced before. Speaking in general term s, it can be fairly form ed th ro u g h th e colum ns of th e C h r o n i c l e w h a t h as been
described by saving th a t business cam e to a sudden stop. the a m o u n t d istrib u te d each q u a rte r, b u t fo r th e purposes of
T ransactions w ere lim ited to th e m erest necessities. Money this review w e have prepared th e follow ing statem en t, w hich
a n d all representatives of m oney disappeared. B orrow ing em braces very n early th e period covered by tb is rep o rt. O f
becam e ini practicable. To realize by selling securities or m er­ course each q u a rte r’s div id en d s a re n o t all declared in th e
chandise w as o u t of th e question except a t a fearfu l lo-s. In sam e m o n th . Most of those w hich w e include in th e la s t
brief, all the o rdinary commercial machinery was th ro w n out q u a rte r w ere m ade in J u l y - s o m e in Ju n e . F o r convenience,
of gear, consum er and producer being forced to suspend o p er­ how ever, we consider th e y e a r to end w ith Ju ly .
ations u n til Congress com pleted th e w ork for w hich it had
been called together in e x tra session.
Sect. 1 1 » A v a . XL
U nder such circum stances as these n o one w ould ex p ect to
find any b ra n c h of trad e a t th e m o m en t prosperous. A nd y et tm v rla u ) J J n m O x . . . . . . .
“ ttaivtlf « CO.......
one d ep artm en t of the spin n in g in d u stry , we refer to the
.......—- llA B tlfat t ‘* . ....... .
4>rx*#r C * y ****** f i t C o ..:
m a n u factu rers of p rin t cloths, w as dow n n early to th e 1st of
*am « M,m* . . . . . . . . . . . . . .
hm ® M ill*......................... .
A ugust m ak in g m oney th o u g h th e d e m a n d h a d slackened
d u rin g the previous five m onths, and th e m arg in fo r profit K not M i l l . ............................
s e Y .r n M lii*..............
d u rin g th a t tim e h ad g rad u ally become n a rro w e r. T his latest " lo-JHlItO
Mill*. ,.
l U w i H M M ill.......................................J
cycle of activ ity began ju s t ab o u t S ept. 1, 1891, an d has been K
e lt ThotM l C o_................ f UWO.WOf
m * n u n s M m .................
continuous ev er since. A t th e close of A u g u st, 1892, ju s t one K
. <->•
• m :•
' w m o - mu*...........
-5V..W
y e ar ago, th e m ark et for p rin t cloths w as in the best shape it had M
ercbsnM * M n n n r* Co..
€ - ..
been fo r years; stocks had been e n tirely cleared off, goods w ere ‘ ie u e o m v t. MmauCit
Mill*...........
’•B ora M ill*........................
w anted faster than they could be m an u factu red , m akers w ere
I’o c a a n t H o n o r # .
largely u n d er eo n traci, an d prices w ere hig h ly rem u n erativ e. R -ctw n t B -.r4«a M f#.C v.
n -.U * ..d Mill*............. ..
To show the actu a l revolution w hich h ad ta k e n place in th eco n
- w u i i i n M a n u r e C-. . ..
•‘o a o o n o e t Min*
ditions qf th e trad e, an d in how m uch b e tte r position it w as a t **.»*« U til*.
- «Je M ill*..
th e opening of th e present season, so fa r as m arg in fo r profit siaront MUt*.................
T * S B - r t M ill. ..............
is concerned, th a n in previous years, it is only necessary to J s - y c -.t * w Mr*.
nion C o tto n M a a 'IV C o.:
sta te th e prices of cotton a n d goods. F o r instance, on S -p- U
w «m o*ni> M SUM*.
te m b er 1,1392, low m id d lin g co tto n w as quoted In th e New W a e w m o n M m * ..,
T o ta ls ,
. StO.STMOO;
Y o rk m ark et a t 0 11-10 cents, an d p rin t clo th s (64x019) sold at
t y i cents n e t pier y a rd , w hereas on th e corresp o n d in g d ate in
’Tv . p a r o e o t o B u s a i u i o f taoo.octt. * o . c a w u i o f * 10>.noo. t F o u r p a r
o j sale* - tr e a t - »
i Ei»« par cent oa Capita! of fwd.wu, >One an-4
1891 th e respective prices w ere 7?* c en ts and 85» cents, an d in *i’ern
h a lf p a r c e n t o n caollnl o f itOU.OOU.
1890 w ere 10 9 10 cents and 3 5-10 cents. I t w ill th u s be seen
Tbis ex h ib it is c e rta in ly a v ery satisfacto ry one a n d q u ite
th a t in both th e y ears w ith w hich com parison is m ade the o u t of c h a ra c te r w ith a dislocated in d u stry . B u t it m u st b e
p rice of co tton w as m uch h ig h e r th a n in 1892, w hile the rem em bered th a t these results w ere m ade possible only by th e
m an u factu red p ro d u ct ruled low er. F u rth e rm o re , alth o u g h favorable conditions p rev ailin g d u rin g th e ea rlie r portion of
the price of t i e ra w m aterial moved up g ra d u a lly u n til low th e season, a n d th a t th e last d ividend w as d eclared on o r
m iddling had reached 0 7-10 cen ts on th e 1st of Ja n u a ry , there p rio r to A u g u st 1 ; w hereas in J u ly a n d A u g u st th e outlook
a c o n c u rre n t increase in th e q u otation fo r p rin t cloths w as w holly changed as alread y explained. C onsidering
th e ru lin g price for 04x04s on th e sam e d ate b eing 4 cents, the figures as th ey stan d , how ever, it is seen th a t the th irty th u s giving an even g re a te r m a rg in of p rofit th a n w as a tta in ­ th ree corporations nam ed, rep resen tin g a cap ital of $20,478,000,
able a t the beginning of the «<>ason. The 1st of F ebruary saw d istrib u ted to th e ir stockholders d u rin g th e y ear e n d in g
low m iddling reduced to 9 cents, b u t p rin t cloths continued A ug u st 81,1892, an ag g reg ate o f $1,788,570, o r an average of
steady a t 4 cents, an d on M arch 1 th e raw m a te ria l hud w-03 per c e n t on th e inv estm en t, w hile in th e preced in g tw elve
dropped to 8 l< cents, w hereas the previously nam ed price for m onths th e a m o u n t p aid o u t w as b u t $1,213,530, o r 5 93 p e r
th e m an u factu red product w as still m ain tain ed . I t is th e re ­ cent.
fore evident th a t d u rin g the first h a lf of th e c u rre n t season
W hat we have said above applies m ore especially to th e
p rin t cloth m anu factu rers a t le a st w ere w orking on a m ost N orthern m ills. Still th e conditions in th e South d u rin g
satisfactory basis, and the fa c t th a t F a ll R iver an d P rovidence th e season have been q u ite sim ilar. M an u factu rers in th a t
w ere still bare of stock a t th e close o f F eb ru a ry show s clearly section shared in com m on w ith th e N o rth th e prosperity of th o

vraa

THE

< 02

early part of the crop year ; their brown sheetings and col­
ored cottons were well sold up as late as March 31, 1893, the
end of the second quarter, the mills being a part of the time
hard pressed to keep pace with the demand. Since the first
of April the inquiry has lessened, and later the market became
dull and there was a rapid accumulation of plaids ; along
about the close of May the majority of the looms employed on
this class of goods was thrown out of work. Brown goods,
however, were in a better position and mills running on them
it is claimed have thus far passed through the period of depres­
sion in rather better shape than their Northern competitors. At
the same time there is plenty of evidence that unsold stocks
of standard and three-yard Southern brown sheetings are now
abundant—in fact, in excess of a year ago.
With regard to the spinning capacity of the South every­
one who has given much attention to the matter recognizes
the fact that the development there during late years has been
phenomenal. We have continued this year the task of gath­
ering full information with regard to the development and
operation of Southern factories during the season—an annual
census we began seven years ago—and very gratifying results
are disclosed. Within the past month not only have we pro­
cured from the mills returns as to the actual consumption of
cotton in bales and pounds, but have also obtained full details
of spindles and looms added, working and idle, during the
twelve months, as well as new mills started up and old mills
stopped. Considerable information with regard to future
development has also been received. The returns have been
quite prompt and very complete, so that to-day we can give
the actual condition in these particulars of almost
every factory in the South. The returns indicate that
there have been 8 old mills running 37,771 spindles stopped,
and 29 new mills running 135,040 spindles started, making a
net addition of 21 new mills running 97,269 spindles during
the year. Furthermore the total new spindles added this year
is 143,673 net and consequently 46,404 of these spindles have
been an increase in the spinning capacity of old mills. Aside
from the above, we have knowledge of 15 new mills, containing
116,100 spindles, which expect to start up within a month or
two. Furthermore there are over a dozen mills now in course
o f construction but that will not be in operation until after
the first of January and a number of factories are projected,
but building has not yet been commenced. The aggregates
o f our detailed returns arranged by States are as follows. It
should be remembered that these figures include (1) mills in
operation all this year; (2) new mills started up during the
course of the year; and (8) also a few mills which have
been in operation this year but have stopped temporarily and
expect to start up again in 1893-94.
{'States.

V irginia..........
No. Carolina .
So. C arolina..
G eorgia...........

No. of
Mills.
10

125
51
59

Number of
Spindles Looms.

100,088 2,913
543,8 9 10,527
503,269 12,000
500,408 11,238

Average
No. Tarn.

Consumption.
Bales.

18

25,924
183,647
200,219
14 7-16 187,702
im
10

Av'rage
W ’ghts.

460-34
453*07
402-18
465-85

[ V o l . L V 1L.

CHRONICLE.

Pounds.

11.933,995
82,862,509
92.530,641
87,441,301

the whole country we include those idle for a year or more,
omitting only those that are old and useless and permanently
out of employ.
Before leaving this subject of manufacturing in the United
States there is one other point that claims attention, and that
is the exports of domestic cotton goods. This movement
during the past season has been less than in any year back to
and including 1887-88, only excepting 1890-91. In making
this statement we do not lose sight of the considerable
quantity of goods annually exported to China via Vancouver,
B. C., which does not appear in the Government’s returns of
exports. Even those shipments were much less than in either
of the five previous years except the one immediately preced­
ing, having been 25,686 packages, containing 18,295.800 yards,
against 18,465 packages, or 12,592,400 yards, in 1891-92, and
49,017 packages, or 34,541,800 yards, in 1890-91. In the table
below we merely give the aggregate exports as reported by
the Bureau of Statistics, and they exhibit a loss the past year
of 81,416,922. But by referring to the detailed statement
published in the C h r o n i c l e of August 19, page 309, we find
that the exports to China fell off nearly 60 per cent during the
season, and that there was a small decline in the shipments to
South America against a considerable increase in the precedng year. In fact the only marked increase recorded was in
our trade with British North America. The official record of
the movement for the last five years is as follows:
Exports o f Cotton
Manufactures.

Cclcred G oods.. .. . .Yds.
Ho
Value.
U ncolored goods.. Yds.
Do
Value.
O ther m an’f ’s o f ..Value.

Tear Ending June 30—

1893.

1892.

1891.

1890.

43,010,108
$2,802,462
100,776,000
$6,300,022
$2,700,871

40,815,450
$2,484,300
142,938,871
$8,673,603
$2,008,254

39,027,682
$2,591,019
135,518.590
$9,270,427
$1,004,811

42,309,770
$2,886,435
75,716,490
$5,4*0,408
$1,032,439

1889.
41,557,455
$2,925,378
76,895,736
$5,537,390
$1,749,056

T otal cotton m anufac­
tu re s e x p o rte d . Value. $11,809,355 $13,226,277 $13,472,857 $9,999,277 $10,212,430

We have for a number of seasons given a similar exhibit
covering India’s shipments by way of comparison. Of course
if we were to go back to 1876 India’s total would be very
small, the value having been for that year only £663,000, or
say less than 3% million dollars, while that of the United
States for the same year was §7,722,978. For the last six
years the record has been as below.
Cotton.

1892-93.

£
Tw ist & yarns 6,773,482
M anufactures 1,827,175
T o ta l...........

8,100,657

1891-92.

1890-91.

1889-90.

1888-89.

1887-88.

£
£
5,771,033 6,543,364
1,204,002 1,159,275

£
5,748,732
1,005,011

£
5,207,099
1,167,404

£
4,077,386
1,150,542

7,035,035 7,702,039

6,753,743

6,374,563

5,227,928

The official figures are given in rupees, and we tu rn th e m in to pound 8
sterling on th e basis of ten rupees to a pound. T h a t of course does n o t m ake
allow ance for th e depreciation of th e rupee, b u t under t i n Circumstances i t
probably makes th e comparison as nearly correct as it can be made in values.

The above presents a steady hnd rapid development in this
branch of the cotton industry in India up to 1891-92, but in
that year, as will be seen, there was a falling off. The
loss has been more than made good in the current season the
aggregate exports having been £8,100,657, or nearly $40,000,000.

As to spindles in the United States, there is a consid­
erable number idle in consequence of business condi­
tions, but this stoppage is only temporary and is merely
1,000
im
174
16
1,110
referred to again here so that the table further
2,078
15
33,870
below will not be misunderstood. A satisfactory increase
1,559
5
48,850
696
15,509
in spinning capacity has been made in the North as
10^
T o tal, 1892-93. 314 2,082,197 46,297
15 7-10 733,701
462-93 339,650,657 well as in the South during the year, the North having added
T o tal, 1891-92. 293 1,938,524 40,608
081,471
468-56 315,903,286 200,000 and the South 163,154 spindles. With this year’s changes
i«
T o ta l. 1890-91. 283 1,756,047 38.511
14 13-16 805,910
459-23 278,256,109 the number of spindles in the whole country at the close of
T o ta l, 1889-90. 271 1,024,335 80,524
14 8-5 549,478 457-82 25L,565,411 1892-93 and of the previous five years would be as stated in the
T o tal, 1888-89. 259 1,344,576 31,435
isjs
480,603
455-54 221,007,067 subjoined table. It should be said in explanation of our com­
T otal, 1887-88. 235 1,177,901 27,500
13^
443,373
452*33 200,466,303 pilation of total spindles that this sta te m e n t rep resen ts a ll
Cens. to t. 79-80 184
501,300 12,329
13
87,610,889 m ills , w h eth er in o p e ra tio n o r n o t (except such as have been
188,748
464
closed through the year with no present intention of starting
N o t e . - S e v e r a l m ills k » v « b e g u n 'o p e r a t io n s w i t h i n t h e l a s t t e w
m o n t h s , i n c r e a s in g th e n u m b e r u t s p in d le s a p p r e c i a b l y w it h o u t a f f e c t ­ up again), whereas the details of Southern mills by States
i n g co n s u m p tio n to a n y e x te n t.
given previously represent only mills in operation in some
The foregoing shows that the number of spindles per mill portion of 1892-93, or about to start up.
in the last season reached 6,631 against 6,619 in 1891-92 and
1891-92.
1892-93.
1860-91.
1889-90.
1888-89.
1887-88.
6,205 in 1890-91, indicating that the prevailing tendency still Spindles.
is to build larger factories or to increase the spinning N orth.......... 13,475,000 13,275,000 12,925,000 12*25,000 12,725,000 12,275,000
power of old ones. The number of spindles in 1892-93 aggre­ S outh........... 2,100,023 2,002,809 1,850,000 1,725,000 1.450,000 1,250,000
T otal — 15.641,023 15,277,809 14,781.000 14.550,000 14.175,000 13,525,000
gated 271 per cent more than in 1879-80 and 7% per cent
more than in 1891-92. It should be remembered that these
American spinners close the year with smaller stocks of
returns for the last six years only represent the spindles in cotton.
The takings through the year of Northern and
operation, or very temporarily idle ; in a subsequent table for Southern spinners have been as given below :

A labam a..........
M ississippi....
L ouisiana.......
"Texas...............
A rk a n sa s........
T ennessee......
M issouri..........
K e n tu ck y ........

22

7
4
5
3
23

129,770
52,048
50,000
83,860
9,' 00
110,485

2,292
1,285
1,434

tiH

14 7-18
l

41,409
16,310
10,999
10,948

470-25 19,472,771
460-49 7,510,559
475-99 8,090,601
506-53 5,542,984
467-11
518,500
473-01 15,785,384
483-00
752.997
404-40 7,202,315

September

9, 1893.1

THE CHRONICLE.

T otal etop of th e U nited S tates as before s ta te d ........ b a le s . 6,717,142
Stock o a Hand eounneoeemeut. of y e a r (Sept. 1. 1392)—
A t N o rth ern p o rts.................................. '234.675
A t S outhern porta.................................. 1 3 1 ,8 6 1 - 116,536
A t N o rth ern In terio r m a rk e ts...............................
10,741— 427,34(1
T otal su p p ly d u rin g th e f - t f en d in g Sept. 1 ,1 8 9 3 ......... 7,144,422
Of th is su p p ly th e re h as been e sp o rted
to foreign p o rts d a rin g t i e year.......1.102.890
te e s foreign eeetosi in c lu d e d ................
6 0 ,3 5 2 -1 ,3 1 2 .5 3 9
S ent to C anada d irect from W est.................... ........
51.276
B a rn t N orth and S o u th '...........................................
18,575
Stock on b an d end of y e a r (Sept. 1, 1903' —
A tN o rth e ra p o rta ..........- ...................... 151,521
A t Southern p o r t s ......... - .......................
91 ,7 1 7 — 243,271
6.717—4,663,407
A t N orthern In terio r m a rk e ts......... ........ .............
T otal tak in g s by sp in n ers in the U nited S ta te s fo r th e y e a r
ending S eptem ber 1 , 1 3 9 3 ........................................... *............ 2,481.015
T aken b y S o u th e rn s p in n e r s (in a lm ie d In a b o v e t o t a l ) . . . . . . .
7 3 3 .7 0 1
Total tak in g s by N orthern sp in n e rs............................ ........ . 1,717,311
* B u rn t laclu ies n o t o n ly w h i t h a s been th u s destro y ed a t the
N orth ern a n d S o u th ern o u tp o ru , b a t also all b u rn t on N o rth ern
railroads an d In N orthern factories.

408

I f

1
i

l i

have decided to app ro v e th e proposals of yo u r G o v e rn m e n t
to close th e m ints to free coinage a n d to m ak e a rra n g e m e n ts
for th e adoption of a gold sta n d a rd su b je c t to< m ollifications
recom m ended b y Lord H -rse b td is co m m ittee, w h ich y o u r
G overnm ent have accepted," On Ju n e 20 free coinage in
In d ia was suspended, a n d th e value of th e ru o ee w as fixed a t
16d.- U p t o i l i U t m i ) i t appears to have been im possible to
keep th e ru p ee a t th a t figure, th e last couucil bills selling a t
la. 3 '4d. T his Is explained in a disp atch to th e L on d o n
Time* from its C a lcu tta co rrespondent as due to th e e n o r­
m ous im p o rtatio n s of silver th a t w ere m ade d u rin g t h e
pro tracted sittin g s of the H erschell In d ia n C u rren cy C o m m is­
sion. and th a t th e re a d ju stm e n t w hich m u st be effected to
brin g th e ra te to Is. 4d. w ill be severe. W h at in th e m e a n ­
tim e is to be th e effect of th is im p o rta n t change on G re a t
B ritain 's trad e w ith In d ia we have n o m eans fo r estim atin g .
A11 we can say is th a t w ith th e m in t closed th a t m a rk e t lose®
th e position w hich has been claim ed for it o f being ab le to
These figures show th a t the total tak in g s by spinners N o rth under-sell the U n ited S tates, a n d th erefo re to d ep reciate o u r
an d South d u rin g 1893-93 have reached 3,481,015 bales, of products in th e m ark ets of th e w orld. O n th e o th e r h an d i t
w hich th e N orthern mills have tak en 1,747,814 bales a n d the o u g h t to benefit G reat B ritain 's sh ip m en ts of goods to In d ia .
Below w e give by m onths th e course o f th e M anchester
S ou thern m ills 738.701 bales. O u r su m m a ry of tak in g s and
consum ption on th e basis of n o stock* in the hand* o f S orth - goods m a rk e t d u rin g th e season, a n d also th e m o n th ly m a rk e t
e m spinner* on S eptem ber 1, 1875, reaches th e follow ing a t Liverpool fo r co tto n .
results. The w idth of o u r colum ns com pels us to om it th e
S eptember . —L tr- rp o o l.—On th e 1st of th e m o n th m id d lin g
uplands w as quoted a t 15-16$., b u t to w ard th e close of th e
results of th e years 1875-78 to an d in clu d in g 1888-87.
first week an im proved d em an d for consum ption set in a n d
is*?-**
l i w m j t s e t - t s . u b m & price advanced to 41. B usiness contin u ed satisfacto ry th ro u g h ­
out th e m onth, an d d u rin g to* last h alf sales reached a m u ch
B a la .
Bah*, j H ila .
B a irs.
B a la .
S ta te .
T a km tce larger aggregate th a n fo r th e sam e period of m any p reced in g
N o rU tcrn m .l i, ............ t^ 8 7 .im ji.w « M * > l . r w u s o *.■ s u m t ,* w m t.? « 7 .m
rnonilw. As a result the q u o tatio n rose g rad u ally u n til 4U,d.
S o u th e rn m ills .............. 4 « u r r i m jm \ m i m »> m m m ? <&u ,* t i t s v m
w as reached on th e 3(sth, a n d th is figure was m ain tain ed u n til
the close. M anchester .—A n im provem ent in the>dem and fro m
T o t, tsklnm f»«>m c ro p
m *m \ w
m m ®' %7jm
India and C hina ted to a b e tte r business th a n m a n u fa c tu re rs
S to ck h eld to mil!* .
AM7.40S S .fM jo 7 had experienced for som e tim e, a n d stim u l it- d prices slig h tly ,
T o ta l tm t’s »e p p Ir . . . . a,S9BA«i A 4M . u a
the net gain d u rin g th e m o n th h aving been about ‘id . on y a rn
Owwwn p«' » It4 ’
and 3d. to 3d. on cloth. The exports of co d o n m an u factu res
x&m$m ijm jm
i
N o r th e r n m o i*
.... i , w
(yarns, cloth, etc ,> from G reat B ritain (cloth a n d m iscellaneous
U B & & 4 M jm M A 79 *mmM m iA li 7M JM articles reduced to pound") during September w ere loo."- i..
H e a t h e r s m ill* ............
Mr. Ellison esti­
i . X r t j i n i j i n . n m u i u . i w :m » . » i » tf l W u tn « j*».V o i 000 loe.. against 105,135,000 Iris, in 1891.
T o ta l s o M o m p tlo n ,
T o t . su p p ly • * a b o v e .. : t a w w » 3 « e ,u s a » m m s S M S fiO S a . o n . g a i r o t y u - m ated the consum ption in .Septem ber by th e m ills of G reat
7B jm
m m *
\7jm & w
$m sm m s m B ritain a t 72,000 bales of lO’i-ltw. each per w eek, an d on th e
t M r t m ill « « '« , s e n t. 1
C ontinent a t 87.000 bales of like w eight per week.
T he foregoing leaves stocks in sp in n ers' han d s a t 108,210 (kales,
October . —L iverpool, —U n d e r th e stim u lu s of unfavorablean d show s th a t th e U nited S tates consum ed 3,683,701 bales.
cro p reports from A m erica a n d a continued good business*
prices m ade a fu rth e r ad v an ce d u rin g d ie first w eek of O cto­
E u r o p e . —The season now closing is likely fo r som e tim e ber, reaching 4 7-lfid. fo r m iddling up lan d s on th e 6th. T his
to rem ain conspicuous a* one of ex trem e disap p o in tm en t to quotation w** firm ly m ain tain ed u n til th e 12th, w hen a de­
cotton m anu factu rers in G reat B ritain. I t w ill d m b tlre- be cline of 1-lfl i. took place as a result of a m ore favorable official
resxirt on th e U nited S ta te s c ro p th a n had been an tic ip a te d .
rem em bered th a t th e preceding tw elve m onths had been A fu rth e r d ro p to 4 5-16d. occurred on th e 13th. b u t subse­
notable as a period of restricted consum ption a n d g en eral u n ­ q uently th e m ark et reacted and rose to 4*£d., a n d finally
profitableness; b a t a t th e opening of th e c u rre n t y e a r (Sep­ closed a t 4 7 Hid. —a n e t gain from th e opening of 3-lfldL
tem ber I, 1893, (the outlook w as one of hopefulness. M anchester. —B oth as reg ard s volum e an d price business w as
n o t satisfactory in O ctober. T hreatened lab o r troubles alsoThe p artial
stoppage
of
m ach in ery
d u rin g
Ju ly contributed a feeling of u n certain ty . Oo th e o th e r h an d , th e
an d A ugust, 1*92, had enabled B ritish m an u fa c tu re rs to rise in th e price of th e raw m aterial seem ed to stim u late th e
m aterially reduce th e ir surplus stocks o f y a m s an d goods. dem and for goods from th e E ast. E x p o rts of y a rn s an d goods
M oreover, th e prevailing low prices of goods was looked upon from G reat B rits in (all reduced to pounds) 99,893,000 lbs.,
against 109,517,09911x1. in 1891. T he e stim ate Of th e O ctober
as favorable to a revival in th e goods trad e w ith th e Efiet, consum ption by th e m ills o f G re a t B ritain w as 82,000 bales
Added to all this th e steadiness of silver w as also a satisfactory per week, an d on th e C o n tin en t w as 88,000 bales per w eek.
feature.
N o v e m b e r — M o n -p o o l.— A ru m o r of a larg er crop e stim a te
The m ore cheerful feeling w as ap p aren tly justified b y the in A m erica led to a decline of l -10.1. on th e first of th e m o n th ;
m uch b etter business experienced in S eptem ber, bu t subse­ this report tw o days la te r h aving proved to be incorrect, p ric e s
advanced sharply and by th e l l t h lost, h ad recorded a rise o f
q u e n t developm ents w ere all of an u n satisfacto ry c h aracter. ty l. over th e o kning quotation, for O ctober. A fu rth e r g a in
Slackening dem and w as follow ed by th e action o f m aster of 3-1(5 i. occttred on th e 16th a n d subsequent to th a t d a te th e
spinners insisting upon a reductio n o f 5 per cen t In w ages of price g rad u ally ad v an ced u n til it re a d ie d 5*gd. on Nov, 25.
operatives. T his reduction w as vigorously resisted an d brought Any fu rth e r rise was checked by new* of th e strik e in th e
m an u factu rin g district*. T here was how ev er no rad ical de­
ab o u t a lock-out w hich began on N ovem ber 7 a n d extended cline, th e m a rk e t closing a t 5 ‘* d .,o r a g ain o f 11-HM. over th e
u n til fully one-third of all th e spindles in G reat B ritain were final October price. M anchester .—The first fo rtn ig h t w it­
idle. V arious atte m p ts to bring a b o u t a settlem en t o f th e dis­ nessed renew ed stren g th in th e m a rk e t and in sy m p a th y w ith
p u te w ere m ade but w ere unsuccessful u n til March 24, w hen a the raw m aterial prices for both y arn s an d cloth advanced.
The stoppage of spindles in O ldham , e tc., consequent upon
reduction of 7d. in the pound sterlin g , o r a little less th a n 3 the labor troubles resulted in a falling off in consum ption o f
per cent, w as accepted by the operatives a n d w ork w as re ­ th e raw m aterial of fu lly 16,000 b ile s p e r week d u rin g th e
sum ed on the follow ing M onday, M arch 27. To w h a t e x ten t last three w eeks of th e m onth. T he position of p roducer th e stoppage of spindles affected th e consum ption o f co tto n it how ever, was m uch im proved, as a re su lt of decreased pro
doctioa and a u g m en ted sales. Y arn s and goods exoorted*
is unnecessary to refer in detail h ere, as th e facts a rc given reduced to pounds, reached 106,209.000 lbs , ag a in st 99.489,000
fully below. A fter w ork w a s resum ed by sp in n ers business lbs. in 1891. As a resu lt of th e strik e the co n su m o 'io n in G re a t
continued dull and u n satisfacto ry u n til th e opening of J u n e , B ritain was placed a t only 66.000 bales p er w eek, b u t on th e
C ontinent the previous m o n th ’s ra tio w as m ain tain ed ,
since w hich d ate an increased volum e of tra d e h a s been in
D ecember . -lA v e tp o o L -T h e m a rk e t w as adversely influenced
progress a t m ore rem unerative rates.
d u rin g the first few day s o f the m onth by lack of confidence
This change in th e ch a ra c te r of G reat B ritain 's co tto n good- m any im m ediate settle m e n t of th e lab o r troubles in th e
tra d e seem s to have been very n early c o n c u rre n t w ith th e m an u factu rin g centres, and in th e face of the considerable
action of the G ivernm ent respecting silver in In d ia. I t will reduction in con-um otton th u s foreshadow ed p rtc-s gave w ay
tjjd. betw een th e 1st a n d th e 5th. On the 8th th e loss w ag
be rem em bered th a t th e final telegram in the correspondence 1 recovered and th e follow ing day ah advance of 1-lfld. over th e
betw een th e Secretary of S ta ts for In d ia an d th e Viceroy w as j opening price w as secured.
The sm all m ovem ent of thedated Ju n e 20. and stated th a t " H e r M ajesty's G overnm ent A m erican crop co ntributed stre n g th to th e m ark et a n d assisted

401

THE

CHRONICLE.

[VOL. L'VII,

in bringing about a fu rth e r advance. The m a rk e t closed a t
A p r il . —L iv erp o o l .—Upon th e resum ption of business on
5 5-16d. fo r m iddling u p lan d s—a gain of 3-lCd. d u rin g the th e 5ih, a fte r th e E a ster holiday s, m iddling up lan d s gave w ay
m o n th . M anchester.— The contin u atio n of th e strik e a n d th e % d ., leaving th e q u o tatio n 4% d.; a fu rth e r drop of l-16d.
u n c e rta in ty of its early te im iu a tio u h ad a depressing effect occurred on th e 6th. This w as follow ed by a reaction on th e 8th
upon th e m ark et. B usiness w as considerably restricted ow ing wl ioli c arried prices u p % d . The light d em and, how ever, led to
to th e indisposition of eastern buyers to m ake purchases on w eakness, an d on th e l l i h m iddling uplands fell off l-16d. to
acco u n t of th e irreg u la rity o f exchange rates. E x p o rts of 4% d . an d on th e 13th an o th e r l-16d. w as lost. T here had
y a rn s and goods for th e m o n th 100,936.000 lbs., ag ain st bie-n an u neasy feeling thus fa r d u rin g th e m o n th a n d its con­
102,614,000 lbs. in 1891. As a resu lt of the co n tin u atio n of th e tin u an ce led to a fu rth e r fall of J^d. on th e 17th. A recovery
strik e th e estim ate of consum ption in th e m ills of G reat of l-16d. took place on th e 19ih ; b u t th e d o w n w ard course it
B ritain w as only 60,000 bales per w eek, b u t C ontinental appears h ad ODly tem p o rarily been arrested since th is last
g ain w as lost on th e 22d, a n d a fu rth e r drop of l-16d. occurred
spinners consum ed 88,000 bales p er w eek.
J a n u a r y . — L iv erp o o l .—R um ors poin tin g to an early term i­ on th e 24th. U n sa tisfa c to ry rep o rts of th e New Y o rk m a rk e t
n atio n of the spinners’ strik e a n d th e continued sm all m ove­ and a sm all in q u iry here led to a loss of J^d. on S atu rd ay , the
m e n t of th e crop in A m erica w ere elem ents of stre n g th in 29 'h , m iddling uplands ru lin g a t 4 3-16d., o r a decline of 9-16d.
th e m ark et th e early p a rt of Ja n u a ry , a n d on th e 6th d u rin g th e m o n th . M a n ch ester.— A n u m b er of influences
m id d lin g uplands was quoted a t 5 % d ., or a g ain of l-16d. over served to c u rta il operations d u rin g A p iil, a n d in consequence
th e opening price. S ubsequently, how ever, a n u m b er of th e volum e of business w as u n satisfacto ry . The declining
unsatisfactory features developed, resu ltin g in a dim inished tendency of th e ra w m aterial n a tu ra lly led buyers to a c t w ith
business and consequent w eakening of values. On th e 10th a ex trem e caution. E x p o rts of y arn s an d goods d u rin g A pril
drop of 1-16d. occurred, an d on th e 12th, 13th an d 17th there 75,848.000 lb s., ag a in st 93,569,000 lbs. in tn e preceding year.
w ere sim ilar declines, th e q u otation on th e last-nam ed date The sp in n ers’ strik e in G reat B ritain ended on M arch 27th,
b eing 5f£d. A recovery of 1-lGd. took place on th e 19th, b u t b u t all idle m ach in ery w as n o t im m ed iately sta rte d , so th a t
th is w as tost on th e 27tii an d th e m a rk e t closed 3-16d. low er for th e first w eek of A p ril consum piion w as estim ated th e
th a n on Ja n u a ry 3—or a t 5f£d. M a n ch ester .—T rade w as less sam e as in M arch, o r 55,000 b a h s p er w eek. F o r th e re ­
•satisfactory, th o u g h th e position of m a n u factu rers u n d erw en t m ainder of th e m o n th it w as placed a t 82.000 bales per
a considerable im provem ent d u rin g th e m o n th , o w ing to the w eek. C ontinental consum ption co n tin u ed a t 88,000 bales per
extensive stoppage of m achinery consequent upon th e strike. week.
F o r w hile th ere w as less in q u iry th a n u su al for both y a rn and
M a y .— L iv erp o o l .— T h e decline in th e closing days of A pril
clo th , the dem and w as nevertheless b risk enough to m ove th e led to a n increased dem and an d th is resulted in a m a rk in g up
g re a te r p a rt of the stock w hich had accu m u lated previously. of q uotations, m id d lin g u p lan d s g ain in g J^d. ou th e 2d an d
A t the sam e tim e, and as a resu lt of th e red u ced production, ihis w as follow ed b y a rise of l-16d. on th e 3d to 4 5-16d.
an advance in prices w as obtained. D uring J a n u a ry th e 1 his p rice w as q u ite firm ly m ain tain ed for m o re th a n a w eek,
e x p o n s of y arn s and goods reached a to ta l of 92,704,000 lbs., th e contin u ed good in q u iry from m an u fa c tu re rs fo r th e ra w
w hich com pares w ith 100,682,000 ,lbs. in 1892. No change m aterial serving to hold th e m a rk e t steady, th u s c o u n te ract­
h av in g occurred fo r the b e tte r in th e strik e situ atio n , G reat in g o th e r u n fav o rab le featu res. B u t on th e 12th th e u n satis­
B ritain , it w as estim ated, consum ed only 57,000 bales per w eek, factory financial condition in A u stra lia aDd A m erica began to
b u t on th e Con i in en t con sum ption was th e sam e as in D ecember. m ake uself fe lt an d a drop of l-16d. w as recorded. A gain on
F e b r u a r y . —L iv erp ool .—New s fro m th e m a n u fa c tu rin g dis- th e 15th an o th e r l-16d. w as lost. No fu rth e r ch an g e occurred
fric ts played a m ost im p o rtan t p a rt in th e m a rk e t all th ro u g h u n til th e 25th, w hen th e absence of a n y . su stain in g new s led
F t b n .a ry . I t w as ru m o red on th e 1st a n d 2d th a t a settle­ to th e loss of l-16d., a n d th is co n tin u ed to be th e ru lin g price
m en t ot the strike w as likely to be effected soon an d on the u n til th e 31st, on w hich day th e re w as a rise of l-16d., th e
la tte r d ale cotton rose l-16d. Subsequently, how ever, these m o n th closing a t 4 3-16d. fo r m id d lin g uplands, or th e sam e
ru m m s w ere found to have no basis, business fo r im m ed iate as a t th e end of A pril. M a n ch ester .—A t th e opening of th e
cb livery fell to quite sm all proportions, a n d a stead y decline m o n th sales w e re of ra th e r sm all volum e, m erch an ts bu ying
in price set in w hich w as no t arre ste d u n til th e 10th, w hen sparin g ly on acco u n t of th e declining tendency in th e m a rk e t
m iddling uplands h ad dropped to 4 % d ., or a fall of 5-16d. in a for th e raw m aterial. This circu m sian ce led to a re d u ctio n of
little over a w eek. A recovery to 4 15-16d. w as w itnessed on values in th e m a n u fa c tu re d product, w h ich w as follow ed by
th e follow ing day b u t it w as lost ag ain on th e 13th and a a b e tte r dem and. E x p o rts of y arn s and goods 86,052,000 lbs.,
fu r th e r drop of l-16d. occurred on th e 14th. R eports fro m a g a in s t96,775,000lb s.in 1892. Ih e W h itsu m id e h o lid a y s se rv e d
M ancbes'er on th e 10th th a t th e m aster spinners and opera­ to keep dow n consum ption in G reat B ritain in May, fo r w hile
tiv es bad arranged for a m eetin g gave an o th e r u p w ard turn th e esiim ate of w eekly consum ption w as 82,000 bales per
to th e m ark et and on the 18th m iddling uplands was quoted w eek, th e d eduction of 27,000 bales on acco u n t of stoppage
a t 5d. an d on th e 23d h a d risen to 5 l-16d. The im provem ent d u rin g th e holidays b ro u g h t th e average w eekly ra te dow n
w as m aintain! d fo r only a sh o rt tim e, th e unexpected b reak ­ to 77,000 bales p er w eek. On th e C ontinent the previous ratio
in g u p of the conference on th e 23d w ith o u t an y settlem en t w as m aintained.
havirig been arrived a t a n d th e know ledge th a t th e dispute
J un e .—IA verp ool .—The com parative cheapness of cotton
w as alm ost certain to e x te n d to oth er d istricts h av in g a very
depressing effect. The decline th u s b ro u g h t a b o u t reached b ro u g h t in buyers aDd on th e 3d th e price of m id d lin g up lands
3-163. in th e last few days of th e m o u th , th e close having advanced i^d. to 4 5-16d. U n d er th e stim u lu s of th e consid­
been a t 4 ^ d . —)£<i. below th e opening. M a n ch ester .—Goods erably increased business in progress a n u p w a rd ten d en c y set
w h ich cu lm in ated on th e 15th, th e g a in in th e in terim
w ere very tirm ly held d u rin g th e g re a te r p a rt of th e m onth, in
h av in g been J^d. A reactio n began on th e follow ing day,
b u t sales w ire restric te d n o t only in consequence of reduced a fall of l-16d. being recorded, a n d ag ain on th e 20th th ere
offerings b u t also by th e disinclination of purchasers to buy w as a fu rth e r drop of l-16d., o r to 4 7-16d. fo r m id d lin g u p ­
a t ru lin g prices. E x p o rts of y a rn s and goods for th e m onth
w ere 82,416,(1(10 lbs. ag a in -t 110.902,000 lbs. in 1892. The es­ lands. A t this q u o tatio n th e m a rk e t rem ain ed stead y u p to
tim a te of consum ption by the m ills in G reat B ritain du rin g 'h e close, th e im p ro v em en t d u rin g th e m o n th h a v in g been
t |d . M anch ester .—The position of th e m a n u fa c tu re rs w as
F eb ru ary was 57,000 bales p i r week, a n d on th e C ontinent m ore satisfactory th a n for a long tim e past. A n im p rove­
88,000 bales per w eek.
m ent in th e dem and from In d ia and m ore in q u iry for hom e
M a r c h — L iv erp o o l.— The m a rk e t recovered slightly on the trade gave an u p w a rd tendency to prices, a u d an advance of
first day' of March upon a ic p o rt th a t spinners w ere to decide Jad. in y arn s a n d betw een Bd. a n d 4d. in sh irtin g s occurred
by ballot w hether to accept or re je c t th e term s offered by the A t th e close of th e m o n th m a n u fa c tu re rs w ere stated to be
m ill ow ners, the prev ailin g im pression b eing th a t th e ir action well u n d e r co n tract. The exports o f y arn s an d goods for th e
w ould resu lt in a resu m p tio n of operations. Consequently m onth reached an ag g reg ate of 87,287,000 lbs. ag a in st 86,394,th e volum e of business increased an d m id d lin g uplands was 000 lbs. in th e preceding year. Mr. E llison’s estim ate o f con­
m ark ed u p 1-103. on th e 2d. The rep o rt lacked confirm ation, sum ption in Ju n e w as 82,000 bales p e r w eek in G reat B ritain
b u t new s th a t negotiations tow ards a settlem en t had been re­ an d 88,000 bales on th e C ontinent.
new ed im parled a firm tone, and on th e 6th a fu rth e r g ain of
1-163. was recorded, m iddling up lan d s being quoted a t od.
J u l y . —L iv erp o o l .—The m a rk e t opened steady o n th e first
On th e 8th an increase in dem and led to a rise of l-16d., but of J u ly w ith m iddling u p lan d s ru lin g a t 4 7-16d., b u t on resubsequently unsatisfactory reports from th e m an u factu rin g norts fro m A m erica an d th e m a n u fa c tu rin g d istricts of G reat
districts as to the progress of th e conference betw een ow ners B ritain a n d a slackening of d em and prices gave w ay l-16d.
an d operatives had a depressing effect a n d m id d lin g uplands on th e 5th. A recovery to 4 7-16d. occurred on th e 10th, due
dropped back to ud. on the 13th an d a fu rth e r fall of 1-16d. to u nfavorable crop advices fro m th e U n ite d S tates, and on
occurred on the 15th. T here w as a recovery to 5d. on th e 23d. the 11th th e A g ric u ltu ra l B u reau ’s rep o rt b ro u g h t ab out a
u rth e r rise of l-16d. to 43^d. The ten o r of th e crop new s
on the belief th a t th e strik e w ould be speedily settled . On
ro m A m eiica served to hold th e m a rk e t steady d u rin g th e
th e follow ing day annou n cem en t w as m ade th a t an agreem eni
h ad been reached and th a t spindles w ould be started ou tin follow ing w eek a n d on th e 18th quo tatio n s w ere m ark ed up
27th, b u t it did not have th e expected effect. In fact, a de­ l-16d., b u t th is rise w as lost ag ain on th e 21st. D u rin g th e re ­
m ainder of th e m onth financial new s a n d crop advices from
cline set in on the 25th and betw een th a t d ate a n d th e close o
he U n ited S tates w ere cou n terb alan cin g influences and no
th e m onth prices dropped J^d., m iddling uplands being quoted
a t i% d ., or a loss of J£d. from th e opening. M anch ester. —Tli- fu rth e r change in prices is to be noted, th e close being a t 4% d,
ir a g ain of l-16d. for th e m onth. M a n ch ester . —W hile busivolum e of business w as unsatisfacto ry d u rin g the m o n th ; tin
lpss was i ot so active as d u rin g Ju n e tran sactio n s reach ed a
d em and fo r b >th hom e tra d e aDd foreign m a rk e ts being poor
(uite satisfacto ry ag g reg ate, th e bulk of th e d em and being
prices fell off som ew hat. E x p o rts of y a rn s and goods for tin
m o n th 92,319,000 lbs. ag ain st 112,306,000 lbs. in th e previou
for In d ia . Q uotations fo r y a rn s fell off slig h tly b u t th e re
year. D uring th e m o n th of M arch th e n u m b e r of idte spin­ cas a sm all advance in sh irtin g s E x p o rts o f y arn s an d goods
dles in G reat B ritain increased som ew hat and as a re su lt con­ rom G reat B ritain 105,905,000 lbs. ag a in st 101.507,000 lbs. in
sum ption was estim ated a t only 55,000 bales per w eek, b u t oi 1892. The estim ate of th e Ju ly consum ption by th e m ills of
th e C ontinent th e rate of consum ption rem ained th e sam e at G reat B ritain was 82,000 bales p er week a n d on th e C o n tin en t
88,000 hales p er week.
i n th e previous m onth.

THE CHRONICLE.

S eptemdeu 9, 1803.J

ACWCST.—L iverpool. —The m a rk e t w as steady a t the opening
a t i } Ui. f o r m id n ia e uplan d s, b a t m ore favorable advices
from the U nited States covering re p o n s o f ra in in sections
w here n e e u e i b o u g h t abou t a decline of l-lfid. on th e 4tb.
F rom the evening of the 4:h to th e m o rn in g of th e 9 :h th ere
w ere no transactions on acco u n t of th e B an k holidays, but
business w as resum ed w ith cotton ru lin g a t the la st previous
quotation. N ew s fr.*m A m erica w as an im p o rta n t facto r
d u rin g the rem ain d er of th e m o n th , an d u n d er advices o f
im provem ent in cro > prospects prices fell otT, a decline o f J-gd.
b eing recorded he w een th e 11th an d th e 16th, followe i S>v a
fa r th e r drop o f 1-161. on the 17th, the q u o tatio n f ir m iddling
u p lan d s being 4l£d. M anchester advices w ere also of influ­
ence a n d added lorce c<> the d eclin in g tendency. On th e 31st
th ere w as a loss ot 1-I8d., bu t th is w as recovered o n th e 28d
on less favorable crop advices from th e U n ited S tates, an d
w as followed t y a fu rtn e r g ain of 1-16.1. on th « 38th. The
m a rk e t close 1 a ’- 1 5*l6d , or a n e t decline o f 3 18d. d u rin g the
m o n th , M anchester. —P rices have ruled q u ite firm d u rin g the
m onth. T he volum e of tran sactio n s in" the early p a rt of
A ugust w as q u ite satisfactory, th e bulk o f th e ex p o rt busine-s
being fo r C hina an d Ja p a n . S ubsequently th e dem an d slack­
ened, b u t a t th e close th e re is a •lig h tly ' b e tte r in q u iry for
In d ia. T he M anchester Ship C anal C om pany an n o u n ces in a
circu lar th a t th e canal w ill be open e arly n e x t y ear.
W ith respect to th e volum e o f G re a t B ritain 's e x p o rt trad e
d u rin g late y ears o u r readers have been k e p t inform ed from
m onth to m o n th by a com pilation published in o u r cotton
rep o rt. W hile these figures show th e decreased o u tw ard
m ovem ent th is season, they do n o t in d icate w ith sufficient
d e a rn e ss w here th e failing off has occurred. B n ' w hen we
com e to analyze th e m onthly result* it is found th a t th e loss is
alm ost w holly m ade up by th e decrease in shipm ents to In d ia,
C hina and Ja p a n . F or th e purpo- • of show ing ju s t how im ­
p o rta n t th is falling off has been w e have com piled the follow ­
in g , w hich gives th e q u a rterly ag g reg ates since J u ly , 1891:

405

W e now ad d o u r u -u a l tables of consum ption a n d supply o f
cotton th ro u g h o u t th e w orld. T ha-e figures a re n o t the ta k ­
ings oE th e m il's, b u t th e actu a l consum ption o f th e m ills,
an d a r e in all easjs exp ressed in bales o f i n) p o u n d s.

OP.EAT BRITAIN'S EXPORTS TO INDIA, CHINA AND JAPAN.
Y a m s.
P tem Good*.
IMs.
Yards.

Europe.
Onnsumption,

United States.

Q tm i j. Conti~ j T®taX i
Barth.
Britain, went, j Bumps i

*866-67............... 2.360.000 1,703.1X10 4.263,000' 746,000:
1807-6 8 ...............2,3*9.000 1,7.30,000 t,«W,000 894.000;
1808-0 0 ...............2,405,000 !.40l,OOok920,OOo 905,000

tson-jo..... ...... %ees,oooi.ssi.ooo 4,247,000; 9x3.000;

South,

Total
U .S.

Tatar
worm.

70,000
63,000

822,000 5.085.000
999,000,5,058,000
1,033,000 4,07l*,OOO
09.000 1,012,000 5,250,000

1370-71................ 2.S05.000 1,6 *2000 4,711,000 [.9011,000 100.000,1,109.000 3,820.000
187 I-K ................ 3.013,000 2,037,000 3.072,000 1,103.000 132.000 1.240,000 6,312,000

»J9,0WJ:

01,000:! .033,000 5.419,000

m72-73 .............iajasj.ooo 2,032.000 5 . 116.000’ 1 , 137 ,000 ,
1879-74............. 3,128.000 *3*04,000 3.103,000 1,200,003,
1874-73............... 3.063,000 *2,240.000 5.328.000 U'H',000
1873-76................3.178,000{2.«3.000 3.578,000; 1.S44.000,
1276-77............... 8,133.000 *2,378,000 5,501.000 l.US.OOtV
1977-W............... 8,039,0« 2,508.A>> 5^7,0*X>

Aver. 8 roar-.. 2.840.000,1,740.000 4.3S6.000

152.000, l,3».000:6.42r.,000
141.000 l,44O,OO0-6,632,OOO
150.000; 1^38,000:8,030.000
139.000 1,503,00. 7.0S2.000
181.000 1.579.009 7,140,000
167,000; 1,725,000 7,272,000

Aver. 6 rears 3,118,000

2,271.000 5,:«7,000 1,321,000 137,000,1,491,000 I1.86S.OOO

1S7S-79............... AS43.O00 *ASW,«00 S.439.W 1.615
1878-80............... 3.350.000 2.730,000;«.100.0CiO 1.778.000!
1.8KMI............... 3.372.000 2.936.000 8,528,000 l,-sl.0».>
1831-** ..............3.640.0003,199.000 6.MA.000 1,931.000
18S2-S) ............. 3,744.000 3390.00*.'7.124,000 1,903,000
i& jM t............... 3.666,000 B j m j m 7.016,000. RSttSMO

•■•> ■' l.>4.«»:l 7.223.000
002.000 1,961,000 S,001,000 ’
*31,000 *2.118,000 3,646.000
260,000 *,107,000 0.033,000
3*2.00* 2,375.000 9.400,000
370,000 2.241.000 0,290,000

A rer. 8 ra w * . R469.000 3,013,000 6.515,000 1,645,000 ZW JW okl 17.000.8,029.000.

1SWM6............ l\4SSU)0O 3.2S5.0O*:* 6.698.000, l.t«8,00 .* 301.000'1.908.000 9.507.000
W45-«*...............a63-.000 3,463,000 7.093,000 1.*90.000 388,000 2,278,000 0.371,000
3,681.000 «,«40,000,7.3»MOOT.978.000 451.0U0 8.4SM»1 8.7S7.000
1<26347.
10167000
...... *jMl.«00 3,706.0 0 7.AIJ.ooo 2.030.W>
MMM98........... 3,7*70.000 *.0*9,000 7,Ki0.«« •J.t.W.iWO «5WK*>|2.«85.060 10881000
1380-00............... A031.00O 4.29VW0 94 8 4 .0 0 ', 2,102.*
nt
n so i. A
mam, , t
1 «*•*. .......
Atcr.O xes r» j>J3..J00 3,783.000 7.4V ,-W 1.033.09

620,000 2,731,000 11055000
«—«
iita AA6 «9.0U.OOO
UIO AM.
*7t,000
2,126,000

1800-01 ...............l . m o o o 4A W .000 9.7 18,00o|*2*88.0001 6 * k O O o U « * ,0 0 0 11790000
1901-98*.............. 4 .0 2 0 .0 .0 0 7 4 . 0 0 0 8.306 •>•■* ■2.48<>.0-* 7**,»*0 .1.230,1100 11816000
t* » f - M * .. . . . . . .
9,'JH 1.000 .2,840.000' 848.OOOi3.l20 (.00 11*7100 0

* Furore- fo r KUirOpcan Consm uptl.oi fo r 1391-92 an d 1802-93 will

proi.jibiy i* ebiinged sliRbtt)' by Mr. Ellison wtrnu ho makes up Uia
0*4,491.1JO0 *inote-t annual.
t m ,612,600
O ctober to D to-m ber. 1891,
The foregoing clearly dem o n strates th e course o f th e c o tto u
Ja n u a ry to March, 1893___
749,769.000
600.434.ObO in d u-try in E u ro p e a n d th e U n ited S tates. By in c lu d in g
A pril to J u n e , 1892..............
India, th e actu a l w orld’s e .n-iutnpti* n for a series of y e a rs
bO.:»VAjO
2,703,312, OHO would ap p ear as follow s :
19 312JOO
657,053.000
Ju ly to Septem ber, 1892..............
17.953,000
971,660 009
O ctober to Dee**rmier. 1 8 3 2 ......
Great
Worlrl’ t
Trifled
Total.
13.597,000
572.427.0 mO Oos m tm pE aa.
B rita in . CJoHltor*! S’.alee,
India.
13,205,001
W8 993.000
2.91 S / m 2,596,000 1.7- l.OOu! 262.230 7.485,230
1872-79.........
301.480 9,382,490
a .m n .o o o 2.750,00.*; 1,9*1 ,«>■
04.107,000
2,418.531,000 1279-SO.........
3.579.000.2,866,000.2,118,000! 371.400 9,017,400
1880- S i .........
I t w ill b:> seen th a t there is a decrease in th e m ov em en t for 1 8 8 1 389,600 !>.t*24,GOO
3.6*0,000 3, U»«,000 3.19 7.000
9 2 ..................
417.400 9.946.400
th e last period of 315 m illion y a rd s of c lo th ,o r n e a rly 13 per 1882-83... ....... 53.7* 1.000‘3.390,000 2.375,000
520,700 9 ,8 1 0 ,7 0 0
91.......
.. :3,W«,oOO 3.3-0,000''2.2 »1.0*0
cent. The a g g reg ate exports of cloth to all co u n tries from ! 1883584,800 9.191.800
J u ly 1,1802, to J u n e 30. 1893, w ere 4,861,31*.000 y ard s, a g a ie s t! 1884- 9 5 ... ....... 433.000' 1.235,000" 1,909,000
630,30 10.001.300
....... ' 3,022.00013,486,000 2.378,000
%?-«»
1,916,688,000 yards for th e p re c e d in g tw elv e m onth#, o r a d e­ I%
711,90** 10.468.9u0
3,891,000 3.040,000 2.423.000
1 986-87...
cline o f 855,000,000 yard*. It th u s become* cle a r th a t U real 1887- 98 ........... 8,841.00a 3.790.000 2,530 000. 771.07** 10.939,670
B ritain 's loss in exports of cotton goods w as p ractically due 1888- 8 9 . . ....... i3,?7O,Ok»:4J>O8j066j2.tr«,I»Oi 870,890.11,391,880
989.2iKJl 2.013.293
18SS-90................ 1,014.000 1.290,000 2 ,7 3t,000
en tirely to the decreased taking* by In d ia. C biua a n d Ja p a n .
1990-91................. 4.2303.100 12429.'*00 ’ .954.000 1.155,32- 12,971,328
Y arns a lto ex h ib it a n appreciable fa llin g oiX, th e p etcentage
1*91-92 ................4.0MMW0! 1,576,000 3,220,000 1,142.619 12,989,619
of Ices d u rin g th e y e a r en d in g J u n e 30, 1893. io th e sli p a te n ts 1892-0.1.................'3,7rtK.OO(i »A7rt,O»0 3.1*9 1*00 1.17 .090'12.1* II O0O
to In d ia , C hina and J a p a n being fully 3 > p e r cen t. The
N*»TK. • I'.lA , * '»**' .)*'• • U**t I 1
\ H
i ratios eumllillBll 111
* E stim ated.
ag g reg ate ex p o rts to all co u n tries d u rin g th e sam e period C anada, in Af«s:eo. »n*t " u n it.
A
n
o
th
e
r
gen
eral
tab
le
w
hich
w
e
hav.*
cooapited of la to
w ere 207.659,6X1 B e,, a g a in st 213,375,000 lbs. fo r the tw elve
m onth* en d in g J u n e 3), 1893, o r a decrease of 64,617,000 lbs. years is needed in connection w ith th> foregoing to fu rn ish a
I t w ill be Men th -re fo re th a t th e ra tio of decline io e x p erts com prehensive Idea o f th e e x te n t an d expansion »f th is in ­
to o th er co u n tries w as m uch g re a te r in y a rn th a n in d u stry . It discloses E urope a n d A m erica's cotton s u p p ly ,
cloth. In th is co n nection w e give a gen eral com pilation and the sources of it. The special points we liav-j so u g h t to
w hich cover* all co lt *n m an u factu re* exported. W e refer to illu strate by th e sta te m e n ts are, first, th e re la tiv e c o n trib u ­
th e total ex p o rts from G reat B rita in to all co u n tries of cotton tion to th e w orld's ra w mat* rial by th e U n ited S ta te s an d by
goods an d cotton y arn s, reduced by us to pounds to p erfect o th er sources, an d . second, to follow its d istrib u tio n .
WOMANS S C W I .r AND DtSTKIBirrlOW OF COTTON.
th e com parison. The resu lts by q u a rte rs only given here, th e
statem en t by m onths ap pearin g in o u r cotton rep o rt generally
] m u tt
t’rop,.
j T o t a l 1Bnl/tmc 0/ year's.mpply.
th e fo u rth S atu rd ay each m onth. T hree ciph ers a re om ittn t.
ana
;- —.— : ....... - ..~
1A d m it j E n d o f Y ear.
'iw H fifri
; S u p p ly
1 U rn- j
G re a t B r it a in 's
1892-08. 1891-92. 1890-91. 1889-90,
In v is i2
*w
IN,046,000
21.T12.O00
14.000,000

B o u n d s , P ounds. P ounds. P ounds.

311,620
323,890
276.73-S
808.872

828,002
313.087
2*7.075
313,803

*»/ V-,ir.j

Uy o t h e r
' |Cv»u*i(r’«

\ m m p V n . \; m m l i k .

Ac.

bU .

j

1st q u a rte r, O et.-D ec,. . .
806,447
2d q u arter, J a m -M a rc h .. 267.439
3d q u arter. A p ril-Ju n e ... 219.187
4th qu arter, J u ly -S e p t... *300,000

1

If

C o tto n G oods E x p o rts .

298.729 1*66-07
216,000 53.000
is.tes.oooiijafttWi 59.000 48.000
300,715
> 2.743.0W
]*-.***-•'*•
■ *-■• 2**0,000 55.000
318.220 ■
186a-70. 1,530,000 3 .1 31.000'2.113.000' 5JU4JW 0 5JS30.000 1.330.0IX ;7 5 ,0 0 0 80.000 .
- -7- 1. ...............—
*
—
.........
—
............—
****•--■--!
827,161 1*70
1,725,000 4,738,000:2.028.000 : 6 .708.000 5,9*0.000 IdBO.OO* m aim 85.000
1*0.000
1S71-T2. 2 57 9 3 )0 0 9.*4l.OO(i3.«M .OOO( 6 .277.000 6,312,000 1.765.00* 668,1
56,000

T otal for the season ___ 1,123,073 1,21.1.030 1,227,860 1,243,851

A v sr'g o .

* EAlimate.1 on tits Ii m U of the J n lv m o w m m t.

lS72-73. 2,4A4.0to 4,mOOOy.O«?.OOOj 0^60,000 6,12.7,00**: l,1 M.O09
1873-74 IJWI.06O 4J»7j0«K »J»J.0o0; 0,917,00*1 *<< *.'.*■■■■ '
t«74-7.5 2Jl*5.0"0 l.alll.i>x)!*JK*0.0<)>';! 6,5 *5,00*.' 6,l'-.",,000 1.019,000
i-78.:2.:m
/X »i,5.171,**00:2.0J8.fX»| 7.180.0007,ft.2.*/>iO !,7H2.(K*i
187570. *2.:m.OOOS.171
1876- 77. *.3*».«f».4^® ,0*»' l.SOTdOoj O.SSO.OOo 7.11’*.**; 116,00
18.7-79 :1061.000 5.435.000 1506,0001 6.1*31.000 7.272.000 !.214,000,

i t w ill be noticed th a t th e resu lts for th e last season show
th a t th e ex p o rts have been sm aller th a n in e ith e r o f th e th ree
preceding years, and reference to o u r files fo r back year** r*.veals the fa c t th a t th ey a re le-s th a n a t a n y tu n e for more
i a decade.

.

A l0 7 .0 0 0 2 d 3 7 .0 0 0 j 5 J » 1 ,0 0 0 5.110,00**

-75

ATer'»v- ~ ' ~ "

Z ii\.iw < - I f i j i m e

H .-M i.t* 8) W.-*».**an

I

m ooo;
SKI.OIW
705.000;
014.610
04JMPD0
32O.0W,

7 4 .0 0 0

W.OOO70.000
® .W 0
75.000
80.000

i 77.00

THE

406

Balance o f year's supply.
T otal
A c tu a l
E n d o f Y ear.
B u r n t,
ConsutnpUn. Visible. In v is i­ Sec.
ble.

Crops.

Visible
and
Im nsible
begin’ng
o f year,

[V ot. LV1I,

CHRONICLE.
Orop o f

Total Yield.

Gross

Increase and Decrease-

Overland.

Of Crop.
Of Overland.
Total
U nited Sup p ly
o f other
Bales.
Per CL
Creep.
Bales.
Per Ot.
States.
Countr'8
1,290,512
1892-9
6,717,142
Decrease 25*68 necrease28’32
1891-92“ "* 9,03*^.707
1,800,482
Increase 4*43 Increase 8 06
3.878-79. 1,540,000 5,687,000 1.898,000 7,035,000 7,223,00o 1,068,000 199,000 85,000 1890-91
1,666,145
8,655,518
Increase 1°*35 Increase 16*58
1879-80. 1.267,1 >00 6.556,000 1,894,000 8,450,000 8,081,000 1,499,000 49,000 88,000 18*9-90 "
1,429,192
Increase 5*4* D crease 2*12
7.313.726
1880-81, 1,548,000 7,519,000 1,887,000 9.356,000 8,646,000 1,922,000 246,000 90,000 1888-89 “
1,460,180
Decrease 1*18 Increase 1*27
6,935,082
1,441,920
Increase 7 */ 4 hicrease 11*59
7,017,707
1881-82. 2,168,000 6,078,000 2,510,000 8,583,000 9,035,000 1,362,000 254.000 100,000 1887-88 "
1,292,167
Decrease 0*56 Increase 2-53
6,513,623
1886-^7
2,S50,0u0
10,408,000
1882-83. 1,616,000 8,058,000
9,499,000 1,704,000 701,000 120,000
Increase 15*54 Increase 27*05
1,260,279
6,550 215
1883-84. 2,405,000 6,485,000 2,434,000 8,919,000 9,290,000 1,505,000 434,000 95,000 1885-86
Decrease 0 78 Decrease 5*44
991,960
5.*69,021
1884-85 ..
Decrease 19*28 Decease 13*07
1,049,070
5,714,052
0,721,000 2,071,000 8,792,000 3,029,000
96,000 L3*3-84 ..
-Avev’ge
Increase 28-61 Increase 7*26
1,217,215
6,992.234
1882-83
*1884-85. 1,989,000 6,420,000 2,007,000 8,427,00(- 3,597,000 1,230,000 449,000 90,000 1881-8*2
Decrease 17*50 Increase 4*10
1,134,788
5,435,845
Increase 14-45 Decrease 7 -71
1885-80. 1,679,0 '0 7,480,000 2,100,000 9,580,000 9,371,000 1 ,210,000 590,00( SS.Q00 1880-81 ..
1,090,067
6,589.329
Increase 13-48 Inert'ease 32*47
1,181,147
5,757,397
‘1886-87. 1,800,000 7,450,000 2,478,000 9,928,00c 9,757,000 1,248,000 593,000 130,000 1879-80
Increase 5-45 Increase 28*54
891,619
5,073,531
1887-88. 1.841,000 8.000,000 2 , 100.010 10.100.000 10167000 965,000 649,000 160,000 1878-79
Increase 7'26 Increase 8*91
693,640
4,811,265
1877-78
.1888-89. 1.614,000 8,079.000 2,350,000 10,429,001 10524000 902,00- 597,000 120,000
Decrease 3*94 Decrease 9*50
636,886
1876-77
..
4,485,423
1889-90. 1.499,00(; 8,525,000 2,580,000 11,105,001 11055000 1 ,120.000 314,000 115000 1875-76
Increase 21*81 Increase 52*42
703,780
4,*69,288
461,751
Decrease 8*09 Decrease 7*11
<Aver’ge
7,059,000 2,269,OOu 9,928*001 9,912,000
117,000 1874-75 ..
1890-91. 1,434,000 10170000 2,488.000 12,658,00* 1726000 1,706,000 560,001' 100,000 Change from season of *74-75 to *92-93 ; Increase 75* 3. Incr'se 179*5
1891-92. 2,266,(00 10800100 2.3*0,000 13,190,00 U816000 2,933,00( 607,00( 100,000
892-93. 8,540,0 Hi 8,044,0 0 2,009.000 10.644.00i ,147u 00 2,400,000 283,000 50,000

To illu stra te tlie preceding, ta k e tile la s t season, 1892-93, a n d tlie
v e s u lts woiud be as fo llo w s:
‘- S u p p ly— Visible and invisible stock beginning o f y e a r .. . . . . . . . . . . .

. .. 3,540,000
T otal crop during y e ar........ .................... .................................... 10,644,000
T otal supply—bales of 400 lbs..................... ............................ 14,164,000
D is tr ib u tio n —T otal consum ption................... ...........................11 ,471,000
B urnt, &c., during y e a r........ ................................
50,000—11,521,000
Leaving visible sto ck .................... ....................... 2,400,000
Leaving invisible sto ck ........................................ 263,000
T otal visible and invisible stocks a t end of y e a r ...

2,663,Ouo

t Tliis colum n covers cotton exported to countries n ot covered by fig
sire s of consum ption, a n d co tto n b u rn t in U. S., on sea, an d in E urope

Overland and Crop Movement.
O v e r l a n d . —The ov erlan d m o v em en t h as fallen off b u t

W i im i n g th , <fec.
N o rfo lk , &e.......
‘C h a rle s to n , &c.
a v a n n a h , & c ..
F l o r i d a ............
M o b i l e ............
N e w O rle a n s ...
•G alv eston, &c..
I f . Y „ B ost., &c.
IT o tal th ro u g h
a ll p o rts

62*8
(7*39
04*35
13*78
00-47
02*55
23‘85
16*43
04’67j

1
CO
r-i

o
34
C5
CD

1885-80.

CD

oi
os
rH
<3>
CO

1886-87.

CO
GJ

1887-88.

liper c e n t o f Crop
B eceteedab—

1888-89.

little m ore th a n h a lf a m illion bales th is y ear, a lth o u g h
th e crop has declined tw o a n d a -q u a rte r m illions. The
ra tio of decline in crop does n o t differ m a te ria lly fro m
:th e ra tio of loss in th e gross shipm ents b y rail.
7Ehe various routes h av e shared in th is decrease of five
•hundred th o u san d bales in w idely d iv erg en t ratio .
The
ro u te s v ia E vansville for in stan ce have lost n e a rly 65 p e r cen t
of th e ir cotton traffic th is y ear, a n d th e m ovem ent via Cairo
h a s fallen off n early 40 p er cent. T h ro u g h L ouisville th e
loss has been 32 per cen t a n d C in cin n ati 33 p er cent, b u t th e
’v o lu m e of cooton crossing th e M ississippi R iver a t H a n n io a l
l i a s decreased only 15 p e r c e n t ; th e re h as been a g a in in th e
^m ovem ent over -‘ o th e r ro u te s.”
T h e m a rk e tin g th ro u g h th e S o u th e rn o u tp o rts reflects in
sgreat m easure the changes in yield in th e various sections.
'-Of course in th e season ju s t closed alm o st every d istric t in
4 h e co tto n belt produced less o f th e staple th a n in the p re­
c e d in g y ear, b u t in som e cases th e decrease w as m u ch g re a te r
th a n in others. I n Texas, fo r instance, th e fallin g off was com ­
p arativ ely slight, an d th e receipts a t G alveston, &c., fu rn ish
a m p le confirm ation of th e fact. The M ississippi V alley raised
m u c h less cotton th a n in 1891-92, a n d in consequence th e
m o v e m e n t th ro u g h N ew O rleans ex h ib its a m ost decided
■decline. So it is w ith all th e o th e r im p o rta n t o u tports. W il­
m in g to n , n e x t to G alveston, suffered least. These v ariatio n s
dice ten y e a rs a re show n in th e follow ing statem en t.
ia

2CO
CO

i
' ci

1

02**9 02*97 02*33 03*13 03-31 03-02 02-58 03*17 03-03

09*51
05*18
13-22
00-30
02-^5
27*71
13-27
04*73

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

10-42
04-50
15-24
00-52
03-37
26-99
12-03
01-95

14*05
05*76
13*71
00*49
03*09
24*47

13-91
06-30
13-70
00-49
02-96
25*36
10*22 09*83
05*07 03*97

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

12-37
07-68
12-42
00-83
03-79
26-94

13*67
09-22
12-54
01*46
04*18
27-00
11-20 08*52
04-58 04-40

13-04
07-56
11-58
00-80
04-20
26-76
10-03
07-29

In d eterm in in g th is y e a r th e p o rtio n of th e crop fo rw arded
by each of th e d ifferen t overland ro u tes, we h av e follow ed
o ur u su a l m ethod :—
F i r s t —O t co u o tin g each bale of co tto n a t th e S o u thern
o u t po rt w here it first appears.
S econ d —Ot d ed u ctin g from gross o v erlan d all co tto n shipped
b y rail fro m S o u th ern o u tp o rts to th e N orth.
T hird-—Ot d ed u ctin g also fro m overland an y a m o u n ts ta k e n
from S ou th ern o u tp o rts fo r S o u th ern consum ption.
F o u r th —O t d ed u ctin g likew ise a rriv a ls by railro a d s a t N ew
Y o rk , Boston, B altim ore a n d P h ilad elp h ia, all of w h ich have
been counted in th e receip ts fro m w eek to w eek d u rin g th e
year.
W ith th ese ex p lan atio n s no th in g fu rth e r is needed to m ake
p lain th e follow ing sta te m e n t of th e m ovem ent overland for
th e y e a r e n d in g S eptem ber 1, 1893:
1392-93,

1891-92.

1890-91,

Amount shipped—
Via St. L o u is................................................
Via Cairo .....................................................
Via H a n n ib a l...............................................
Via E v a n sv ille ..................................... .
Via Louisville ............................................
Via C in c in n a ti...........................................
Shipped to m ills, n o t in clu d ed ab o v e. - -

496,108
205,701
138,302
13,982
143,088
109,760
166,71 3
16,293

698,506
351,339
162,324
39,162
210,346
163,272
159,346
16,187

690,166
303,425
85,348
27,293
218,967
183,647
141,315
15,984

T otal gross o v e rla n d .................. ........ 1,290,512 1,800,482 1,666,145

Deduct shipments O verland to New Y ork, Boston,
Betw een in te rio r t o w n s .........................
G-alvestou, in la n d an d local m ills.........
New O rleans, in la n d an d local m ills ...
Mobile, in lan d an d local m ills..............
S avannah, inland an d local m ills...........
C harleston, in lan d an d local m ills.......
N. Carol7a ports, in la n d an d local mills.
V irginia po rts, in la n d a n d local m ills..

313,731
33,065
5,050
16,502
21,998
2,149
14,374
2,451
22,227

428,377
63,492
5,012
26,599
38,916
3,364
11,491
2,561
20,976

385,326
117,594
3,298
17,247
49,467
3,511
11,141
2,817
19,292

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

431,547

600,788

609,693

L ia v in g to ta l n e t overland*............. 858,965 ! l,199,694 1,056,452
* T his to ta l Includes sh ip m en ts to C anada &c., by rail, w hich d u rin g
1992-93 am ounted to 54,276 bales, a n d are d educted in th e sta te m e n t
of cousn o p tio n ; in 1391-9 1 th ese sh ip m en ts w ere 76,881 oaies a n d in
1890-91 th e y w ere 71,805 bales.

Cro p D eta il s .—W e n o w proceed to give th e details of th e
e n tire crop fo r tw o years.
L o u is ia n a .
E xported from N. O rlean s: -------1892-93.-------- , ,
1891-92.
,338,600
2,182,859
To foreign p o rts i . . . '. ...... 1,338,600
To coastw ise p o r ts . ...... 407,701
4:07,701
470,936
To N orthern ports, &c.,
2,454
12,512
by riv er au d rail*.......
14,087
M a n u fac tu red * .....................
14,048
32.1)63
B u rn t........................................
Stock a t close of y e a r .........
37,051—1,799,854
65,326—2,757,783

Deduct :

Received n o n * ’ :ic ___ 125,620
191,041
Received from G aiveston
an d o ther T exas p o rts .
6,829
19,133
^ O v erlan d n e t ...
65,326— 197,775
Stock beginning of y e a r ..
44,358— 254,532
S o u th e r n conT otal p ro d u ct of y e a r . . . . . .
1,602,079
2,503,251
s u m p ti o n . . . . . 10-92 7*54 7*00 7-51 7*02 6*31 8-13 05-19 4-69 05*85
icted th ese tw o item s.
'-'T-ot. U , S. crop. 100-00 100-00 100*00 100-00 100-00 100*00 100-00 100-00 100-00 100-00
A la b a m a .
xported from Mobile :*
I n th e above table w e have figured only w h a t is called th e E To
37,866
foreign p o rts .................
36,486
To coastw ise p o rts............. 148,864
246,119
-met overland, as the rem a in d e r of th e gross a m o u n t is c o u n ted
500
M a n u fa c tu re d .......................
750
■at N ew Y ork, Boston, P hilad elp h ia, &c., or a t th e S outhern Stock a t close of y e a r . . . . . .
5,425— 191,275
8,391— 293,126
76*30 79-19 80*79 80*35 79-99 79*83 81*66 82*39 84*25 84-89
12*79 13*27 12*21 12-14 12*99 13-86 12-21 12*42 11*06 09-26

'-ports w here it first appears in th e receipts. A t th e sam e tim e
'H ie en tire gross overland reaches a m a rk e t by som e all-rail
aroute; hence in m easu rin g th e to ta l overland we can doso co r­
re c tly only by u sing th e gross figures. To in d icate th erefo re
’'She progress m ade in the m o v em en t since 1871-75, we give
-the follow ing :

D e d u c t:

R eceipts from N. O rleans.
R eceipts from P ensacola.
11,301
20,403
Stock beginning o f y e a r ..
8,391— 19,692
5,155— 25,558
Total p ro d u ct of y e a r ....... .
171,5=3
267,568
* U nder th e head of coastw ise shipm ents from Mobile a re in clu d ed
21,498 bales shipped in lan d by ra il n o rth a n d for S outhern consum p­
tion, which, w ith 500 bales local consum ption, w ill be found d e d u c te d
in the overland m ovem ent.

S eptember y, IbUS.J

THE

CHltOxNLCLE.

TOT

T ex as.

Exp'teO 'rum Galveston,Ac.:~------ 1892-93.------- .
To foreign, ports (except
Mexico*.......................780,160
To Mexico, from Galves­
ton. Cornti-i < iiristi, Ac. 33,181
To coastwise port**.......... 300,391
took a t close f t y ear........
16,71*—1,130,432
Deduct:

T e n n e sse e , A c,

42,5«9

343,133

25,0 5 1 -1 ,2 1 7 ,1 2 0

Received at Galveston
4,170
from Sew O rleans.. .. . . . ----R eceiver! a t El Paso, Ac.
227
from G a lv e s to n , Ac—
1,657
1 3 ,9 8 0__________
18.677
Stock beginning of y e ar.. 25,051— 26,706
Total product of y e a r.........
1.108,724
1,193.443
* Coastwise ex p o rts Incluie 5,050 bale* skipped inland auil taken for
consumption, which are deducted iu overland statem ent.
F lo rid a .

Exported from Peroaiidtaa. Ac.*
To foreign ports ..............
7,610
To coast wisp p o r ta ..........
23,718
Stock a t close of y e ar..........................—

31.323

27,923
--------- —

2/,923

Deduct:

Stockbeginningof y ear....................—
..............................— ....... .
Total product of y e a r .........
31,328
27,923
* Th-se flffure* represent tills y e a r,» heretofore, only the shipm ent s
ftom the Florida uatuarU. Florida cotton has also gone Island to
Savannah, Ac., but we have followed our usual custom of counting that
eotton at the outports where U J i m appears.
G e o rg ia .
To fo tv ig u p ort*—S e a U ’d

359,111
6 ,3 0 7

E x p ’cl D on B runsw ick, Ac.:
- T o foreign port* .............
To coastw ise porfa— ---B u r n t ......................................
M anufactured* ...................
Stock a t close o f y e a r—
Upland ...............................
Sea I s l a n d ..........................
Deduct :
Rec-'Vd from Ch’sto n .A e.
Bew-ived from Moflcla—
Upland i ..................
Sea Islan d i ..... ..............

1 6 ,7 1 8

1 3 8 7 - 3 8 . . . . 7 ,0 1 7 ,7 0 7

1896-87
iyalH? i «»,
.. 6.513,023
' l *'K**~*>

1385-86 . . . 6.550.215
1881--5 .. 5.069.021
1393-64.... 5.711.052

1,795-1,211,534

1882-83 ---- 6 .9 9 2 ,2 3 1
1881-62 . . . 5,43.5,645
1980-81 ... «.589,329

4,342

4,042

1 6 7 --7 9 . . . 5,07 3 .5 3 1

578
1

621
317

1876-77 . . . 4 .1 8 ,.(2 3
187 5 -7 0 . . . 4 ,6 0 9 ,2 8 8

10,087
1.112-

7,934

1.793-

Sea Island .
__
Total product
of year ...

940.019

14.650

7,934

10,266
1,871—

17,117

1.194.417

~ m b Jw

S o u th C a r o l l u .

Exported from Charleston:

T o foreign p o rts—Upland 213,903
To foreign p o rt* -S e a Is’d
3.617
T o coast wise p o rts—
8ca I s la n d .... ..............

318.241
1.936

140,887

86,970
2.200

Exported from Beaufort, A«-:
. I s l a n d ...................
3,050
E xport'd from Georvet'n.Ac
1,559
Stm-k a t elosc of year—
Upland .............................
12,813
8ea Island . ......................
5 0 2 - 325.344

7.760

3,021

2,219
15.097

150-

Upland ...................
Sea fsia •*«....................

Received from Port Royal
a t C .arleeto u —

Sea Inland . . . ..............

S to r k b r i d o n t t t g o f y e a r —

Upland ...........................

Ss* island.....................

17,133
.....
824

900
1,720
557700--

Bates.

519,353

33,210
50,391
292.134
468.901
EaSoded in th is Item are 14,374 M ire, thn aiuonnt* tak en b y local
mill* an d shipped to Interior, all of w hich i* deducted m overland.
N o rth C a ro lin a .
Ti» coastw ise porta*...........
E x p 'd I’m Va.iiingsoB.Ac.

Kaoofa* lured.......................
B urnt ...................................
Stodc at el.we of y e a r ........

Deduct:
Stock begin n in g of y e a r ,.

118,573

27,328
27,037

41.681
43,128

970
437
1,7 4 0 -

190,405

2,370—

2.370

N u m b er
of

Tfijcaw . . . . , , - i,x m ;T U
U *Ui*tanx..., \.cM J)7»
A lab am a.......
1713*3
S e o re ia * ,. „
95VW7
8©, C arolina.
M » IU V irg in ia .., .
48S.4W
If©. C aro lin a.
tm jm
T « m '» » A * tJ M M S !

W eight in
pounds.

Arerayt
weight.

2,491

T o tal pro d u ct o f y e a r .........
*09.635
188.035
* Of th ree Shipment* 1,481 bales w ent inland by ra ti from W ilm ington
and w ith local consum ption a r e deducted In overland.
V ir g in ia .
E x p o rted from N o rfo lk :
T*> for* Ibti p o rts ...........
139,125
196,940

To *******t-sl-e po
160.650
-Exported bon,
ft on# w
West P a in t:
T>. foreign port* .............. 59,936
To coast wi*«
............ 130,212
Exp'd fm Notrp't Sews, Ac.
To P-f liT port* ............ .
11,259
T ow asrw b- peTts. . . . . . . .
4.991
T a k e n f o r niatuifai-torc__
1 1,530
S e n d of year, Norfolk,
West Pe4M,3e«.,N#-w*,A<.
Deduct :

JReeefvrd

Mobile__
Received fro#,, WUtBinrtrt
Received
from other
North CaroUni* port*.,.
Received a t Norfolk, A#--,
from Aret point, Ac__
Stock beginning of y e a r..
frn tn

3(0.275

I t 0,767
225,803
27,251
0,013

w

6 ,3 0 0 - 533,009

5 ,7 4 1 - 927.936

i,m a

4,897

11,393
3.751

23,634

47.091

615
5 ,7 4 1 -

36,510

030
0,407--

N u m b er
o f bole*.

b m - u l.ltff.443
4 u r * t 23»:),S3i
B0D.MA37r« > ,is 4 /*
5©2*0©
am j m
«6U33»3M8 .
l,2Sa,5»i
IW.T,M.0*-S
478-94©h,w^4
4S&-48
861,702
241 ,C87,4*22
90,127.06©
47W31
4 v r m . 2309,542
m m s m **
IW H

if.(m,7V7

W eight in
pounds.

A v'a g e
w eight.

tm ,4#4,678
1,247,344,041
iaS,2t4,*so
501,844.077

1,158.3 0.7M

521-08
498-29
407*87
484*00
400T?
490*51
494-25
501-55

4JHSi.Slti.iOS

498*78

422,078.448

A ccording to the foregoing, the average gross w eight per
bale this season was 199 $5 lbs., against 498 78 lbs, in 1891-92,
or 1-07 lbs. more than last j ear. Had, therefore, only as m any
pounds been put into each bale as during th e previous season,
the crop would have aggregated 6,731,000 bales. The relation
of the gross w eights th is y e a r to previous years m ay be seen
____
from the follow ing com parison :

68.972
Total product of y e a r ____
490,193
858,964
* Include* 7,691 bale* shipped t#> the Interior, which, with 14,533
bale* taken for manufacture, are deducted in overland.

Xumber o f Bates.

IFcipAf, Bounds

Alterant.
Weight,
p er Bala

6,717,142
9,038,7u7
8,635,518
7,313,720
6,935,082
7,017,707
6.513,623
6,550,215
5,688,021
5,714,052
6,902,234
5,435.845
6.5 h«,3 29
5,757,397
5,073,531
4,811.205
4,483,423
4,869,288
3,832,991

8,357,58-,831
4,5 8,3; 1,405
4,320,400,045
3,628,520.831
3,437,408.499
3,406 068,107
3,165,745.081
3,179,456,091
2,727.067,317
2,750.047,941
8.430.546.: 9 4
2,385,**80,378
3.201.540,730
2 ,7 7 .,4 -s.-lSO
2,400,205,525
2,30:* .9*18.007
2,100,465,086
2.2)11.410.024
1.780.934.705

490-85
198-7&
499-84
496T3.
495*60.
485486- 02
485*40
481482- 86
490-62
475-67
485-83
481-55
473-08
480-10.
463-28
471-4U
•16800

Crop.
S e a to n o f —

1892 9 3 ...............
1881-92...............
1890 91 ...............

1899-90...............

1,252
125
2 ,3 7 0 - 212,120
2,491—

Bales.

l ' u r eiuUns Septem ber 1 I8W. ! Y m r eiu tin y Septem ber 1 1892.
C w » o /~

Total product of y e a r .

Exported from W ilmington:
131.995
To forehtit ports .........

Tears.

Including Florida.

47,270
•is

18,097
*‘ ”
156—

Tears.

1874-75.__ 3.832.991 185 4 -5 5 .... 2.932, 388
1873-74.... 4.170.388 1353-54 ... 3.035,027
1872-73 ... 3.930,508 1852-53 . . . 3.352,882
1871-72.... 2,974.351 1851-52.... 3.05)0,029
1870-71.... 4,352,317 1830-51 . .. 2,413,257
1809-70 . .. 3 151.046 1849-50 . . . 2.171,700
1868-69 ... 2,439,039
... wi9U9|t)(l&
2,808,596
f»ly*j£j jA1848-49
a-AO-**!? ...
1867-63 . .. 2.498,895 1 8 4 7 -1 8 .... 2.424,118
1866-67 ... 2.059.271 18(6-47 . .. 1,860,479
188,5-06 . .. 2,228,967 1315-46 ... 2.170,537
1*01-0.5.... No record. 1344-45 . .. 2,434,662
1860-61 ... 3.920,080 1843-14 . .. 2,108,579
1859-00 ... 4,623,770 1 812-13.... 2,394.203
1956-59 ... 3,991,1*1 1341-12----- 1,088,675
19.57.58 ... 3,238.902 1810-41 ... 1.039,353
1850-57 ... 3.0.56,519 16S9-40 . .. 2,1.61,74ft
1.3,15-56.... 3,6-15,345 1833-39.... 1,363,403

Weight of Bales.
The av erag e w eight o f boles a n d th e gross w e ig h t o f th e
crop we h a v e m ade u p as follow s fo r th is y ea r, a n d g iv e la s t
year for com parison:______________________________________

T o u ic rw !

Deduct :

Roo d from S av an n ah —

1879-80 . . . 5,757,397

1 8 7 7 -7 8 . . . 4 .« 11.26.5

' The ion-mat* »hlpp» 1Inland and taken for consumption are deducted
In ©Tertan *.
»These are only the receipt* a t Savannah by water from the Florida
oulisjrt*. and, twins counted lu the Florbta receipt**. are deducted here.
Besides these amounts there have also been 10,351 bale* Upland
and 8,3*5 bales Sea M aud, from the Interior of Florida, received at
S av an n ah (luring the year by rail.

Upland* .........................

Boles.
6,717.142
9.038,70
8.6.35. .18
7,313,726

1388-89 ... 6,935,082

25,432
103.796
66384

80,755
35.215
46
1,891

Shipped from Memphis,
Nashville, Ac., direct to
Southern o i tp o r ts ....... 260,981
463,209
Shipped direct to m anu­
facturers ......................... 858,965
1,199,694
Stock at .Memphis and
Nashville a t beginning
of year............................
24,844—1.144.790
_________
2 ,0 2 6 —1
,6 6 4 ,9 2 9
Total sbipm’ta to N. Y„ Ac.
313,731
428,377
Add shipments to manufac­
turers direct ...............
858,965
1,199,694
Total marketed by rail from
1,172,696
1,628,071
Tennessee, A c.*........
•Except 71,384 bales doiuctoil in overland, having been Previously
counted.
Total product detailed above by States for the year ending
September 1 ,1»93..............................................................bale*;5,983,441
Consumed in the South, no; included........................................... 733,701
Total crop in the U. S. for year ending Sept. 1 ,1 8 9 3 ..bales.6,717,142
B elow w e g iv e t h e t o ta l c ro p e a c h y e a r s in c e 1885:
Tears.
1 8 9 2 -9 3 ....
1891-92 . . .
1 8 9 0 -9 1 ...
1889-90----

180,325

T,u is tn t r ,,: . 1 - rtr ........ 3 9 1 . 0 0 1
- •Island
• • . . . __ ______
29,831
Sea

Deduct:

§*«1j
sl

Exported from S avannah;
To foreign porto-U plaud

-1892-93,--------1S92-93,--------,
------- 1891-92.Shipment*—
From Memphis................... 444,170
749,754
From Nashville................. 36,672
46,025
From other places to Ten­
nessee, Mias.,Tex,, Ac.. 969,769
1,272,683
Stock in Memphisund Nash­
ville a t end of y e ar..........
7,910—1,458,521
24,844—2,093,306

1888-69 ...............
1"87-98...............
1986-87...............
1885-86...............
4884-«5...............
1883-94...............
1862-83...............
1881-82...............
1 3 8 0 8 1 ...............
1879-80...............
1878-79 ...............

1877-78...............

187*277 ...............
1875-76...............
187 4 -7 5 .............

The New Crop and it s M ark etin g,
A y e a r ago w e said in this rep o rt, w ith reference to the co t­
ton crop th en m a tu rin g , “ m u st w e n o t reasonably accep t the*
probability of a Very m a te ria l fallin g off iu th e production
d u rin g 1892?" T his re m a rk wa* based n o t only on the im -.
p o rta n t decrease in a re a ind icated by o u r J u n e acreage r e ­
port, b u t to a considerable e x te n t on the less favorable c o n d i­
tions w hich prevailed over a larg e portio n of th e S o u th
d u rin g th e sp rin g a n d su m m er. H ow fa r th e foregoiug results,
bear ua o u t we leave it fo r the re a d e r to d eterm in e.
Of th e gro w in g crop it is, how ever, m ore difficult to speak,
w ith any g re a t degree of Confidence. A large p a rt of th e
land tak en fro m cotton a y ear ago an d planted w ith o th e r

35
21

-408

THE

crops has been again devoted to the staple this year, and this
is naturally an elem ent foreshadowing a greater production.
B ut on the other hand it is likely that drought has
w orked much injury in Texas this year, whereas in 1892 the
crop in that State w as a full one on the acreage planted.
There are some other sections where dry weather has ad­
versely affected cotton, but on the whole the outlook in the
Southw est, outside of Texas, is a little better than it
w as at this tim e last year. A long the A tlantic the
promise is not quite so good as a year ago except in
North Carolina, and in the Eastern Gulf States present
conditions are about on a par w ith 1892. Taking into consid­
eration all the various features, therefore, it would seem to us
th at the yield for 1893-94 should be greater than in the season
ju st closed, hut probably not conspicuously so, though it is as
yet too early to speak definitely on that point.
A s to th e maturity of the plant this year, th e crop w ill have
to be put down as a late one. The first arrivals of new cotton
have been in advance of 1892, but the volum e of the
m ovem ent to market has b e m much les 3 than in either of the
five years preceding 1892. The unsatisfactory financial condi­
tions which have prevailed since cotton began to m ature have
had considerable effect in retarding the m ovem ent of the crop.
W e bring forward our usual data tearing upon the m aturity
o f the plant. First w e give the dat -* of receipt of first bales.
B u t there is very little to be flearned from a first arrival—the
averane of all tb ■fr s t arrivals is som ewhat of a guide.
D a te o f R eceipt o f F irst B ale.

18 8 7 . 1 lb S b . 1 i« » y . | 1890.
V ir g in ia —

N o r f o l k ..........
N o. C a rolin a —
C h a r lo tte . . .
"\\ iliijiu g to n ..
So. C a rolin a — '
C h a rle s to n .. .
G eorgia —
A u g u s t a ...........
A t l a n t a ............
Savannah—
F ro m (^ a ___
F ro m F la
A ll a n y ..............

W e have again to acknowledge our indebtedness for the
kindness of the various receivers and shippers of Sea Island
cotton, through w hose assistance w e are able to continue our
annual report of that staple.
F lo r id a .
----------1 8 9 2 -9 3 .--------- , ---------- 1891-92.R ec’ts a t S a v a n ’h .& e .b a le s
6 ,9 4 1
1 2 ,6 9 8
R e c e ip ts a t C h a r le s to u ___
«
30
R ec e ip ts a t N ew Y o rk , &c.
2 ,7 3 8
7 ,9 0 0
S h ip m e n ts to L iv e rp o o l
d ir e c t f ro m F lo r id a ..........
........ . .
..............
T o t.S e a I s la n d c r o p o f F la .

R e c e ip ts a t S a v a n n a h ........3 5 ,7 7 9
R ec e ip ts a t B ru n s w ic k , Ac. 8 6 1 —3 6 ,6 4 0
D educt —
R e c c p ts fro m F lo r id a ........ 6,9 4 1
R ec’p ts fro n t O h a rle s'n , A c 1 ,3 7 5 — 8 .3 1 6
T ot. S e a I s la n d c ro p o f G a.

Aim. 12 A ug. S A u g . 17 A u g . 7 A u g . S A ug.13 A ug. 7
A n g .l l A iig. 3 A u g .15 A u g . 7 A ug.10 A u g .ll A ng. 7
A llg .20 A ug. 11 A u g .l A u g .l l
A ug. 16
A ug G J u ly 2 ‘ Ang. 5 A ug. 2 A ug. 6 Aiig. 1 J u ly 29
A ug 22 Allg. P Allg.17 A ug. 9 A ug. 12 A ug. 2 6 A ug. 12
»u ly 5 J u ly 5 J u ly 3 u ly 5 J u ly 24
A ug. b

A ug. 2
A u g . 15
A u g .1 0
A ug. 7

A ug.
A ug.
A ug.
A ug.

2
y
4
7

A ug.
A ug.
A ug.
A ug.

N ew O rle a n s —
F ro m T e x a s J u ly 19
“ M iss. Val. A u g . 2
S h r e v e p o rt___ A ug. 3
M ississip p i —
V ic k s b u r g . . . . A u g . 10
C o lu m b u s ........ A u g . 9
• G ie e n v ille ___

7 A ug. 31 A u g . 4
f> A ug. 8
8 A ug. 7
6 A u g .l 2
t A ug. 12

J u ly 29 J u l y 23 J u ly 29 J u l y 9
A llg. 3 A ug. 13 A u g . 8 A u g . 12
A llg. 9 A u g .2 o jA u g .1 3 A ug. 14
.
A n g .1 5 A u g .21 A ug. 9
A u g .l] A u g .2 6 'A u g .2 1 ’A u g .l8

A ug. 2
A ug. 4
A u g .ll
J u ly 29

J u ly 12 J u ly 13
A ug.24 A ug. 3
A ug.24 A u g .l l
S e p t. 3 A u g .2 6
A ug.27 A ug.10
A u g .2 3 A ug.23

A r k a n sa s—

L ittle R o clr___ A llg .] 4 [Aug. 9 A ug.27 A u g . 2 2 A u g . 19 A ug. 19
H e le n a ..............i A u g .1 7 A u g .2 2 A u g.2» A u g .2 3 A u g .2 6 S e p t. 8
Tennesset —
All ° \2 0
M e m p h is ........ A u g .1 0 A u g .l 1 A u g .ls-|A u g .l8 ;A u g ,2 2 Sep. 1
Texas—
I
1
1
G a lv e s to n ___ J u ly 10 J u ly 25 J u ly 24 J u ly 8 J u ly 23 Tuly IS
I)u
v
1
D
u
v
a
l
D
eW
itt
D
eW
it
B ee
San Pat
W h ere fro m | ■
o iiu tv ( o iu ir\ C o u n ty C o u n tv C o u n tv Tee Co
Tilly 19 J u lv 21 J u l y 21 J u lv 6 Tuly 11
H o u s t o n .......... Ju lv
W itt 1 De\\ li t F a y ’tte D u v a l i D u v a l
W h e re fro m J >. W itt
b o u n ty '< o m ity C o u n ty C o u n ty C o u n ty lC o u n ty

A u g .2 4
8 e p t. 5
A ug. 2 2
J u lv 24
DeWit*
b ou n ty
Jm eJO
U uv il
C ounty

A s an indication of maturity the arrivals of new crop to the
first of September usually are a much better test. Still there
are alm ost alw ays circum stances which hasten or retard the
early movem ent. This year, however, early m arketing may
have been hindered slightly by the financial stringency, but a
very fair idea of the condition of the plant can be gained from
th e table below. Receipts have thus far been very m uch
sm aller than in previous years, only excepting 1892.
A R R IV A LS O F N E W COTTON TO S E P T E M B E R 1 .

18«7.

1888.

18 8 9 .

1S90.

18 9 1 .

18 9 2 .

1893.

2C h a r lo tte , N . C ..........
8
39
1
1
C h a r le s to n , S. C ........ 2.75C 2.4 0 6
197
3 6 5 4.04C 1,105
148
506
179 3 ,2 5 0
301
A u g u s ta , G a ................ 1 ,0 0 0
"3 0 0
*250
S a v a n n a h , G a ............. 9.823 16,334 1 2 ,2 8 f 18,148 8,168 2,0 0 3 7,27.5
314
C o lu m b u s, G a ..............
513 1,311 1,132
843
136
*500
M o n tg o m e ry , A la ___ 1,700 1,821 4 ,6 6 0 7 ,0 2 6 2,7 3 9
89
*300
602
899 1 ,6 5 4 1,2 8 8
62
M obile, A l a .................. 1,0 1 4
354
S e lm a , A la ................... 2 .5 0 0 1,0 0 0 3,511 5 ,4 6 0 3,750
100
4 13
E u f a u la , A la ............... 1,214
640
82
2i 1
6 8 1,658 1,671
N e w O rle a n s, L a ___ 19,718 1,705 3 ,8 4 3 17,381 14,6 8 5 4 ,6 6 6 5 ,4 2 9
112
101 . 118
^ S h re v e p o rt, L a ..........
303
2
225
56
V ic k s b u rg , M iss........
204
14
18
6
1
C o lu m b u s . M iss..........
16“
22
34
3
i
17
32
7
648
50
20
20
13
G a lv e s to n , T e x a s ___ 17,7 1 7 11 ,4 5 6 1 7 ,0 6 0 2 0 ,4 2 5 27,404 12,181 7 ,7 0 8
T o t a l all p o rts to
S e p te m b e r 1 .. 5 8 .8 -2 3 7 ,1 9 0 4 5 ,9 s*3 8 0 .5 6 6 6 1 .1 7 2 1 9 ,8 2 0 2 2 ,721
n o r e tu r n s re c eiv ed .

1 2 .698
2 ,2 8 6 —1 4 ,9 8 4

2 8 ,3 2 1

T ot. S e a I s la n d c ro p o f S.C.
T o ta l S e a I s la n d c ro p of
th e U n ite d S ta te s ..............

S u p p ly y e a r en d in g
Sept. 1, 18S3.
Stock
S ep l.l,

Au g .2 f Aug. 20 8 r p t . 4 A u g . 2 Aug. 24 Sep. 1 A ug.2 1
Aug.Z. A ug. 21 S e p t. 1 A u g.15 A ug. 15 A u g 20 A ug. 31

J u ly 31
J u ly 30
A ug. 2
J u ly 31

4 2 ,0 8 4
..........—4 2 ,0 8 4

R e c e ip ts a t C h a r le s to n ___ s ,3 3 6
R e c e ip ts a t B e a u fo r t, A c .. 2 ,0 8 3 — 7 ,4 1 9
Deduct—
R ec e ip ts fro m F lo rid a , Ac.
6—
6

P orts o f—

A u g .ii
Allg. 5
Allg. 5
A ug. SI

2 0 ,6 2 8

2 7 ,1 0 0

S o u tlx C a r o l i n a .

Aug. 2 2 A u g . 2 2 A u g .2 3 Aug.2C A ug. 2 5 A ng. 3 ’ ___ . . . .

A ug.13 A u g . 3 A ug. 10 A ug. 6 A u g

9 ,6 8 5
G e o r r ia .

R.507
2 ,9 9 4 —1 1 ,501
58—

58

7 ,4 1 3

1 1 ,4 4 3

4 5 ,4 2 2

5 9 ,1 7 1

1892. | 1893.

1891.

J jo u is ia n a —

f E s tim a te d

Sea Island Crop and Consumption.

The distribution of the crop has been as follows:

F tw d a —

T a lla h a s s e e . . .
-A la b a m a —
M o n tg o m e ry ..
M o b ile ..............
S e lm a ...............
E u f a u l a ............

[V ol . LVII

CHRONICLE.

1892.
S. C aro lin a.
G e o rg ia ___
T e x a s ..........
New Y o rk .
B oston .. ..
B altim o re .
P h iiad el.A e

N et
Crop.

H ow
D istributed.

Total
F o r'g n
E x­
Stock L ea v'g
Total Sept. 1.
Great
p o rts.
S upply 1893. fo r D is - B ril'n . H avre
trib't'n.
t£c.

156 7,4 1 3 7,569
1,795 2 8 ,324 3 0 ,119
9,6 8 5 9,685

...
__

..........

.......

O f w hich
E xp orted to —

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

......

502
7 ,0 6 “
1,412 2 < J 7

3 ,2 8 j
5,7b0

363
5 *7

3 ,6 4 7
6 ,3 0 7

.......

7,101 1,011
__
4 ,3 6 “
_
122

8 ,1 1 2
4 ,3 6 0
122

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

T o t a l . .. I 1,951 45,422 47,373i 1,914 4 5 ,459 2 0 ,6 4 7 1,901 2 2 ,5 1 8

From the foregoing w e see that the total grow th of Sea
Island this year is 45,422 bales ; and w ith the stock at the
beginning of the year (1,951 bales), we have the follow ing as
the total supply and distribution :
T h is y e a r 's c r o p ......................... ........................................................ h a le s.
s to c k S e p te m b e r 1, 1 8 9 2 . . . . . . . ------------ ------------------ ---------------T o ta l y e a r ’s s u p p ly ............ ....................................................... h a le s .

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

D istrib uted a s f ollow s :

E x p o r te d to fo re ig n p o r t s .............................................. b a le s.
S to rk e n d o f y e a r ...........................................................................

2 2 ,5 4 8
1 ,9 1 4 —2 4 ,4 6 2

L e a v in g fo r c o n s u m p tio n in U n ite d S t a t e s ..................... h a le s.

2 2 ,9 1 1

W e thus reach the conclusion that our spinners have taken
of Sea Island cotton this year 22,887 bales (24 bales being
burnt), or 9,206 bales less than in the previous year.
The follow ing useful table shows the crops and m ovem ent
of Sea Island since the war :
Crop.
Season.
da.
1893-93 ..

1S91-02 ..
18b -91
18>9-9 • ..
1888-89 ..
1887-88 .
1.885-80 ..
1884-85 ..
1883 84 ..
1882-83 ..
1881-82 ..
1880-81 ..
1870-80 ..
1878-79 ..
1877-78 ..
1870-77 ..
1875-70 ..
1874-75 ..
1873-74 ..
1872-73 ..
1871-72 ..
1870-71 ..
1809-70 ..
1808-09 ..
806-07 ..
1865-06 ..

gia.

9.085 28,324
20,828 27,ICC
25. 20 20,531
25.11 i 12,431
20,909 7.402
24,753 0,254
30,991 6,411
24,272 6.390
24,987 3.075
14,073 2,950
18,054 3,126
21.842 6,049
18,410 3.179
13,318 3,420
13,770 2,052
14,739 3,608
11,214 1,609
8,950 1.213
8,313 1,110
1,408
10,704 1,269
5,624 1,507
4,934
9,948 9,225
6,7031 6,371
10,402 6.290
11,212 10,015
2,428 10,957

South Texas.
Una.

7,413
11.445
10,207
9,291
9,532
8,564
7.735
7.01C
12,869
8,415
15,715
29
10,042
19
14,845
8
9,960
7,133
2
0,448
«<>
4,911
29
4,756
77
7,400 204
8,759 020
13,150 1,100
8,755 899
7,218 704
7,334 . . . 1.
5,608
4,577

11,001

5,630

Foreign Exports.
Great Conti- Total
Brit'n. nent. exports

45.42-' 2<»,047 1,9 *1
59,171 24,915 2.05
68,118 34,293 4,82:3
40,841 25,9.84 2,2i*4
43,903 21,245 1,80(1
39,571 18,0155 1,915
45,137 25,210 1,43'
37.072 14,748 l,08n
40,925 18,422 3.143
25,444 12,100 1,413
36,924 21,505 1,892
38,552 22,303 2,453
30,442 20,259 4,130
20,704 13,729 3,294
22.903 10,450 2,242
24,825 12,594 3,701
17,823 11,805 1,309
14,990 11,591 1,345
17,027 13,139 1,907
19,912 10.98(5 1.887
622
20.289 22,847
10,843 14,991; 593
21,009 19,8441 61!
1,940
20,507 22,770
18,682 15,388 1.851
21,275 19,707| 152
32,228 30,314! 392
145
19,015 18,086

22.548
27, ihS
3*.iie
28.27-v
23.045
20,58
20,051
10,428
21, £>05
13,579
23,457
24,750
24,395
17,023
12,098
10,295
13,234
12,936
15,046
18,873
23,409
15,584
19,905
24,716
17,239
19,859
30,706
18,231

tt-o
£5
S3

s
fit
1

22 911 1,914
32,09: 1,951
20.651 2,441
19,142
90
20.33C 609
19,085 147
20,510 S41
19,983 2,871
17,965 1,010
11,074 215
13,573
gi
14,702 130
11,270 1,096
9,389 319
10,305
27
9,451 127
4,008 1,048
1,915 527
2,192 382
2,113 593
1,523 1,607
1,526 370
1,673 635
1,399 003
1,388 211
1,670 150
1,597 410
1,100 485

T o ta l ..J 430,001 204,402 252.395 4,021 890,822 534,741153,039 587,7;>0 301.929J

....

’ T h e c o lu m n o f “ A m e ric a n C o n su m p tio n " i n t h is ta b le in c lu d e s b u r n t
i n th e U n ite d S ta te s .

:3SF1VJeSsm 9, 1893.]

fH E

CHRONICLE

M ovem ent o f C o tto n a t th e I n t e r i o r P o r ts .
B elow we give th e to til receipts a n d sh ip m en ts of co tto n a t
th e inter!>r ports a a i th s stook on th e 1st of S eptem ber of
each year.
Tear ending Sept- 1 .1 3 9 3 .
Receipts. Shipm'U. Sloe*

T ow ns .

Year ending Sept. 1, 1392.
Receipts. Shipm'ts. Slock.

161,827 101,059 6,262 188,593 191,076 5.491
79,2 • 8: 78,4 26 2,086
731
68.524
07.10
52,579
52,473
67,505! 1,050
64.056
948
104,978 105,101 2,173 165.417 167,374 2.296
32.933 1,718 116,900 I t " 358 2,676
51,975
Selma, ALa........
M em phis, Tei-.n. 427,370 414,326 7,414 772,606 749,75* 2 4 ,3 :0
36.672;
490
45,991
46.025':
474
36,- 91
Saaliv-ilte.Teiiti..
79.09-1
38,071!
78,942
35
3.0.05s
1-iallaa, T e x a s ...
48
31,363
33,871
31,363
Sherm an, T e x ...; 33,371
64.154
€6,820 2,497 105,9S4 104.142 5,163
S hreveport, La
74,739; 1,749
47,432 6,352
52,035
Vtctabursr, Mlw
74,788!
733
18,691
193
38,020; 37,931
19.433
-Columbus, Mias.
30,119 1.3 13
•20,817
7 8 0 : 30,397
20.354
E afau la, A la. ..
1.27
4
39,823:
39,072
31,952
A lbany, G a....... ! 32.066
1,1 U
A tlan ta, Ga....... 109,*226 111,722 1.103 133.151 130,70
3,599
5 7 ,4 6 1; 1,120
50,105
Homo, o« -------- ;
83,203
83,217 2,476
100
19,708
19,721
C harlotte, .V. C.
19,74* 5 ____
19,668
St. Louis, M o... 469.209 490.1 ••8 19,503 734.K 3 698,500 16,402
C incinnati, O. . 213.186 •217,183 6,747 3 .* 2 . 0 9 3 2 9 4 .1 1 9 10,741
11.071
14,79*
143
X ew berry, 8 C.
14,899!
lot)
11.1 I t
24,844
Raleigh, A. C...
750
27.934' *27,8 44
786
2 4 .-“ 0
34,41*. .........
34.416
27,412
27,4 42
ro la m m a S
8,710
Louisville, Ky*
1 L3 -2
570.
9 .1 -5
12.70-* 1,115
L ittle Ko. *c. Ar*
33 301 3 . 6 0 3
3 *,755
7*3 376
75,5961 1,149
55.4*4 1.447
5 i .760 1 ,3 0
> -,9 4 5
l i ran tern , T e x .
54,293
H ouston, T e l 1, 1 1 9 ,2 a j i ,121,591 4 , 2 4 2 t ,1 3 5 ,8 7 2 1, 137,35 V 6,5 .4
31,6*23;
30 *19
48,831 1,511
H elena, A rk___
49,231
707.
4 0 ,6 1:
132
G reenville, Mis*
29.0 4
40, 27*
28, 33
433
22,7901
M eridian, .Mrs*
2 «9
22,783
3J,SS0 3 2 585 2 *5
30 0 *7 2 , 5 8 9
N atchez, Ml s
47,498
35.-259
44.761 8 .3 6 0
37,07-81 3 .155 1 .4 7 0
AUiea.-, G a .......
51,661!
550
51,115
A ugusta, O a ....
C olum bus, G a ..
M sooo, G u .........
M ty o iiin y , Ala.

T otal, 31 to w m .jl.403.451s3.51 .,919 7e, 166 4.699,°I3 4.8*7.--0*-1-2643
• Receipts an d sh ip m en ts are n e t Hgurea In both year*.

Shipm ents in this state m e n t include am o u n ts ta k e n from
in te rio r tow ns fo r hom e con su m p tio n a n d am o u n ts b u rn t.
The follow ing tables have been o m itted in th e usu al p lie s
in this report. W e now ad d them to co m p lete o u r record.
The first eo np ilatio n show s th e prices o a th e first of each
m onth f o r three y ears of a few a rticles of A m erican m an u fac­
tu re, giv ing ai.-o th e fluctuations in co tto n in New Y ork d u r­
in g th e sam e period. A com parison o f this kind affords a d d i­
t i o n a l guide to a judgnitnl as to the relative condition and the
tendency of th e goods tra d e :
1892-93.

s-<
* g
a 4

€1
i f

5

11

8

1891-92.
Sh J

i

i .
p
*4 s
1
-2

?1
I
| 1 |
0

i

i,
f l

I I !'

1880-91,

C 1 5* !3 5%5 i

!

!
3 -

i

l

l

I f

p%

3 ;F

Ots. c u : cts. Cts. cu. CU It* CU. CU. CU
7
2-75 10»,« 7*4
HH 7 3-JO 7-e 7

B e p t.. 6 H ,.
■Oct... 7*4
N o v .. 7 7,
Dtc
9*4*
Ja n , . 9 ’l,
Feb,. 9
M ar..
A p r.. 8 » |.
M ay.. 7»i»
J a n e . 7* »
J u ly . 7*-,
Aug... 7 * ,.

3-31
7*4 3 0 0 915), 7*4
6>« 7
7
7*4 2 9 4 O'xe 7*4
7 7,
7
6H 7*4 2-88. 8 T* 7*4
7%
6
\
7
ii\ |
7*4 3 0 1 9 k
7*4
7*1*
7 1 7
G \ 7*4 3 S3 81-s, 7*4
7
! 3-00
0
\
7
6%
7*4
7
7*4 3-00 H \
i 3 00
7 : 8<*
i 2-97
6S
7*4 3-06 6 t „ 7*4
7
6*4
2*94
6**0 OS 7*4 3 1 1 8A„ 7*4
fiV OH
7
j *2-91
7 't« 0 \ 7*4 3*23 »>,
61, 6*.
3-3* 7IA„ 7
1-91
6**l, 6*f i
3-50 7 7 ,, ?
8%i B*.
7 '.* 6M 7
t 2-S.3
NOTE.—86*-<‘* h i r A p r i c e s (f» r A tlaatie A l a re given, P rin tin g
c lo llo st« in i f i i t e i a n r s ' n s p ro m . U n - o ru t o a -t.ut inr i uli-'-t:!1 .'1
i* Aluio ** in v ariably 5 p - r r *r Po- L n -.v -t -r g in r 1 m . Cu- pr-fi •. m
HM* p t e w a t » -wsoa »n»»aoJect to a tte c o j u t of 5 p_r o u ts, l a 13 9 4 .9 9
an d 4637-38 tliey were n et.
6*.
8*,
8%

7

3-50
3-69
4'0ti
4-0t
44)0
4-00
3-8**
3 2)
3 11
319
2-87

T he follow ing w ill f u r th e r help to illu stra te th e co ndition o f
th e m a n u fa c tu re r d u rin g 1892:
m t.
B iatheraS yaril jhw tlnm -J J m , L 6*4 net.
Sept. 1, m net.
P«pp®?«ll E;- .fine
j -Ian* t,
8000*1, m
WtxrmMa. 4-4 bl'eb- cot’cs j Jan,, l . t m
Sept, t, i m
Ian. 1,
I*w»A»l*4-4 i>ieaeh.oett'B* ^ Sept, t, 8$4
84**4 44 WMBtMrf oottons | Jan. 1. 6!4
8*pt. t. 5
M n. 1, m
Btaadart t m e f print, . .. ]
Sept. %f 6
Shttti-:* prlns*................. ■ Inn. J, 4M
9»P(. '• W»

'

« * •

» *

*•■-**'»

HR.
Jan. 1, m
Sept, i, 5H aai
Jan. 1, 6
Sept. L 6
Jan. 1, 10*4
sept. 1. W.4
inn. 1, S4
8ep4. 1, m
in n . 1, *14 net
9«trt. 1. 54 n e t
Jan. | , fl
Sept. I, 6H
Jan. 1, 4
Sept. 1. 414

1892 93.

Liverpool.

*5S
Jfc> *2
^

1891-92.

■ ae" « ■
&U | l
h e ~ a. - ^ =

Sept. 3 0 ...
Oct 31 —
Nov. 30. ..

■4*16

Dee. 3 i __
Jit!!. 31. . ..
Feb, 2 8 ....

She
5*9
4)

<7.
6-9
71 1,
S*s
7 H ,,

Average—
Sept*—JSfov. I 12’*
Average—
Dec.—Feb .

s. d.

p

8% 6
7 - „ ,!
e i5 ,„ 6
7% j6

4*18
Ah*
Average— *-4%
liar.—May
Ju n e 3 0 ... 4 7 „
Ju ly 3 1 ... 4 4
A ugust 31. * * »
Average- -

7 6,K -6
74 0
74s 6
71, |6

Jane—Au j

d.

d.

6
43,8
8
4ha
74i 314,e
7 4 3*7,s
8 4 39,6
4
3 7S
13i 4 4
4% 344*
5h 4
5 h -*l l«
G
3 ‘h *
5% 4

1893,
J*o. 1. #
Sept. 1, 3 4
Jan. 1, m4
mm* 1, m
Jan. 1,1014
Sept. 1.10
Jan. L 9
iept. 1. 84
Jan. i, m
Sept.1, 5M
•an. t, 64
<ept. 1. 8
fan. 1, *H
Sept, t, 4541

aavywve w cmuUKvUUI yj iV JKSACfiUb

o» fancy p rin ts a n d 5 p e r c e n t on others.

Below w e give our usual com pilation sh o w in g th e prices a t
lav erp o o l of cotton, tw ist an d sh irtin g s fo r tw o years.

I ?
^ Em
cc

f l

5 9 4 413,e 7*16
7^
5 1 1 h 4->a
6 4-v 4*18 7 %
0 C 4 4=8
723lS

84 6
$** Hat**
S U j. 6
a w ,, a

Moll. 3 1 .
April 3 0 ...
M » y 3 l...

! a.

ft*

g i

d.

Dearer in 1892-93.

7*9
7
ose
611,2

.9. d.
6 5*4
<3 5^4
6 34
6 47,
S
6
5
6

6 :*s 5
67S 5
6i>,e i
O ^-s 5
81*ia!5
0% 5
64 5
626,80

213

14
94
07,:

7
93,
10%
9 lu
94
8*
5
73,

d.

d.

•h a
’ 31S
»-.6
•b s
178
41, R
I 3W
1%
13,8
51*
Bb
2),s
7,„
7 ,a

l |
S i

'h a

<).
*8%

St
-*a

1*9
-43,2

1%
in ,,
3 *il
1=8

1<S19

3*3
6h
10*4
6%
13-4
6*4
3*4
7712

14

7\

24
91S

9
%
Wl8 13
9ie 9 » i»

hi

* C heaper.

E x p o rts .
In th e first table given in th is re p o rt w ill be fo u n d th e fo r­
eign exports th e past y e a r from e tc u p o rt to G reat B rita in
F ran ce an d o th e r ports, sta te d separately, as w ell as th e totals,
to all th e port*, in the follow ing we give th e to ta l foreig n
exports for six y e a rs fo r com parison.
T O T A L E X PO R T S o r COTTON T o FOR KK JV P O R TS P O R S I X T E A R S .

EspirU (bales) to Foreign Ports far Year Ending Aug. 31.

F rom —

1888.

i sa d .

1890.

1891.

1892.

1993.

S . OtVm . 1,-*22,847 1,499,497 1.840.597 1,955,5 40 2,162,-59 1.3 39.SOO
62,48.9! 50,49 s
387,621 257,521
410,230* 409,849
333,0.56 316,932
3,440
121,903 100,7 17
467,701 544.031
1*19,991 1.090.291
241.727 234,750
73.811 If
50,239
l l i u u . 100,271
....____ J
1,080
124
239

Mobil,-...
So.Car ..
O eonoa.
TvXx.t —
Florida ..
Xo. C ar..
Vtrxtnln .
Sow York
B oston..
PWLolr!
Baltlm ’rd
Ptlud.M ,San Fran.

44,790
210,3 (2
649,334
470,465

112,1 49
493,4:1
775,243
140,825
37.564
121,943

53,204
411,252
719,702
04 7.3.99
21,426
103,308
576,515
791,939
23 i.l 1 1
2 9 ,2 3 .
185,922

103

399

Tot. from
ffaStil?#*# 1 634.941 1.742.745 4.916.847

Year Ending with August 31—

a

409

37,800
35 1.212
010.939
819,930

11 a,573
334,9 >8
802,014
2SB.BS7
22.192
297.472
.

36.486
217,550
444.473
813.321
7.010
131,995
210,320
723,044
233,313
2.',791
222,953
532

11:i

j
4.402 890

Below we give a sta te m e n t of th e y e i r ’s ex p o rts fro m each
port, i 1 >wing the direction which these shipin m s h ive taken.
Similar statement* w ill be found in all previous reviews, and
a comparison as to the exten t of tho total m ovem ent to each
po rt can h i m ad e w ith back years. C o n trastin g th e p re se n t
retu rn s w ith those fo r la st ye ir, we find th a t th ere h as been a
decrease in th e ex p o rts to alm ost all ports.
* 4
l
Jb~
I h v r n M & t a s . Char. X ur- !P'n-:- Seva | Other
Oetmm.\ t.tm. • nah. tetlon ‘ folk. ; tan T u rk, i Part*. - Total
Liverpool QUMrnnl7"> M .vr, m jm t t7W*& ?*/>* a*mkoA
!3?7a5 ,0*5 2007,tm
Hall, .....
.... ; Hr##*! ........ m.mn
h'M4&a..4 ... ... ....... ....__
..... > t l m i \
2,4 0 > Jeft.OOl
....... ...... .......
. . . . . . | 1.0.111 . . . . . .
i t00i
iJ.ilfe#!-............................. ........
.................. *. ..........1 . . . . . .
1.4*10
1.400
m .r-im .tk k U.t*7 0.-5-*» .....................j diMv U j » i &i0,027
ft,tOOD a a k if* .
10 ML«> teO,50S U«,S30 7 i. fo *i.*H mM'A &3.Vuf*>- 77 ,'m ! 7 ib n o
Ibimtmra. m;M%\ tjmn
0 .6
7.42
: n * «w: 13,173 IH,513
dteutit...
ft.ioo
Watimr*,..
'i/m
2,000
Aro*i'O’ta
i,w*
• \Mf * 3,76-n 6,f72
1
ltot >4*0.1
. 4.4 S IH.iOl 10,003
A a i» * r » ..
s.m :
.1 6-VSQ 13,2$4i 87.321
Oupeethm.1
\ 2.»<*i
2,802
;;
1 to;
8,030
1,700:
8,W00
1,200
2.100
8.500
*MA
11.3301
& .v :.
11,350
4.800
4,300
ttinrtu....'
U’ttpm.....
upon-*.,..
UMm.....

u,m>;
l&M
4m\ * ___ . 1.1m l

O om nnA. .:

NtipSea

,,

Le«ttt>rw . ;

W. Indies

::***’ ^
4I^ 1 **
......
«66! ..... |
....... 1,-Hn ......

.

OmiKm..,..

...

13S[ ::::::
i'AW!

l’Z

B x A m o r.
C en t. A m

13 tH.HQ

400|

oM :

Hinmi-4W.*K9l7.te1S -210.131 13*

0.805
3,ISC

4,900

105,007
8.500
000
1.800

1&8.2H7
7,074

80,070
tu n i

SJMWj t,SW

Mcxhji... , ; 4Q.iif9t ai.i'di
i>oaj. Cun.
Jama...,,
T o u b ...

i,m>

U

• 408
8,000
12
2,02*5
1,530

1,530
2

22
200

.

* In c lu d e s fr:»m toluMOO, & x , to L iv erp o o l, 17,833 b tla a a n d to M exico, 33,161

om0 *.

+ In c lu d e s fro m B rnnsw ick: to L iv e r p o o l,57778 b a te s , to D u n k irk , 2,480 b ales,
to B rem en , 20.140 b a le s a n d to H am b u rg , ,350 b ales,
* Include* fro m W e st P o in t to L iv erp o o l. 52,23i b a le s a n d to B rem en , 7,700
bales; fro m N e w p o rt N ew s to L iv erp o o l, 11,253 bales.
I “ O th e r P o rts ” in c lu d e ; P ro m M o b ile to L iv erp o o l, 38,088 b ales a n d to
O p o rto , »00 bale# . F ro m P e n s a c o la to L iv erp o o l. 7,810 b ales. F ro m B oston to
L iv erp o o l, 228,375 b ales; to H am b u rg . LOB b a le -: to A n tw e rp , 10 b ales; to
H a lifa x , V a rm o u th , Ac,, 2,028 b ates, a n d to West. In d ie s, i b ile . F rom B a lti­
m o re to L iv e rp o o l,84,077 bales; to L o n d o n , 2,600 bales; 1 1 B e lfa s t, 1,403 bales;
to H a v re , 11.202 bales; to B rem en , 77.104 bales; to H am b u rg , 11,743 bales; to
Kof,terds»n, Li.lO ibales; t > A m ste rd a m , 3.753 bates; to A n tw erp , (7.807 bates,
and to W e st In d ie s, 10 b ales. F ro m P b ila d e lp h la to L iv erp o o l, 23,375 b ales,
a n d to A n tw e rp , l i d b ales. F ro m d an F ra n c isc o to L iv erp o o l, 5o2 bales.

THE

410

CHRONICLE.

Clearings by Telegraph.— Stock Exchange Clearing
House Transactions.— The subjoined statem ent covers the
clearings for the current w eek, usually given on the first page
of the C h r o n i c l e , but w hich on account of the length of the
other tables is crowded out once a month. The figures are
received by telegraph from the leading cities. It w ill be
observed that as compared w ith the corresponding week o f
1892 there is a decrease in the aggregate of 24'4 per cent. So
far as the individual cities are concerned, N ew York exhibits
a decrease of 28 5 per cent, and there are losses at all the
other cities included in the table, only excepting Philadelphia.
Week Ending September 9.

CLEARINGS.
Returns by Telegraph.

1892.

1893.

Per Cent.

$322,995,228
46,376,316
51,767,481
10,263,217
74,092,143
15,107,509
4,181,013

$451,774,322
62.895,353
45,<>97,014
10,437.968
79,533,000
21,046,911
4,66",163

-28*5
-26*3
+14*8
- 1*7
- 8*8
-28*2
-1 0 3

S even c i'ie s , 5 d a y s ....... .

$524,782,887
90,1(2,411

$675,384,731
140,011,263

—22*3
-35*6

T o tal all c ities, 5 d ay s ...

$614,885,298
135,926,873

$815,395,994
177,013,031

-24*6
-2 3 2

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

$750,812,171

$992,409,025

-24*4

N ew O rleans . . . . . . . - ..............

Another table, our usual m onthly detailed statem ent o f
transactions on the various N ew 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
1892 are also presented.
Eight Months, 1893.
Description. P a r Value
or Quantity

stock { ||;»
R R . bonds..
Gov’t bonds
S tate bonds.
Bank stocks

Actual
Value.

D E B T S T A T E M E N T A U G U ST 31, 1893.
The following is the official statement of the United
States public debt and of the cash in the Treasury at
the close of business August 31, 1893.
IN T ER EST -B EA R IN G DEBT.
Title o f Loan.

Am ount
Issued.

Infc’r ’t
P a y’le

Am ount Outstanding.
Registered.

4^s, F ’n ’d Loan. 1891
Continued a t 2 p. c. Q .-M .
la, F ’ded L oan.. 1907 Q .- J .
4i, R ef’d’g Certified. Q .- J .

Actual
Value.

Aver' >,e
Price.

57,786.977
$5,116.693677 f 3202203401 62 6
$371,771,950 $285,1-84,952 76 9
$1,130,950
$L,3l?,934 116*1
$2,523,750 $1,591,931 63 1
$701,490 $1,110,326 1583

T o t a l... $5730758350 $3,597298985 62*8 $5,492,821817 $3,492203044 63 6
P e t’l’m.bbls
7,482,000 _ $4,602,436 619-16C
14,504,000
f 8.309,063 57 l-3c.
C otton., bis. 30,208,100 $1,289341630 $42*68
21,530,207 $779,638,*53 $36 21
G rain.bush. 1,017,46.375 $743,517,795 73%c.
1,341,374,500. $1,0337141161 83*C.
'$5,634760845!

115,313864679

The transactions of the Stock Exchange Clearing-House
from A ugust 28 down to and including Friday, September 8 ;
also the aggregates for June, Ju ly and A ugust in 1893 and
1892 have been as follow s :

Coupon.

Total.

$250,000,000 $25,364,500
$25,364,500
740.867,050 488,000.150 $71,005,550 559,605,700
40,012,750
07,390

A ggregate excl’d’u
B’ds to Pac. RR.

1.030,879,800 513,304.650 71,005.550 585,037.590

DEBT ON W H ICH IN T ER EST H A S CEASED 8 INCE M A TU RITY ,
^
July 31.
August 81.
Fanded Loan of 1891. m a tu re d Septem ber 2 , 1891.. $$708,800 00
696,000 00
Old debt m atured a t various dates prior to J a n u ­
ary 1.1861, and o th e r item s of d e b t m atured a t
1,849,540 26
various d ates subsequent to J a n u a ry 1,1861........ 1,373,230 26
Aggregate of debt on which in te re s t has ceased
•ince m a tu rity .............................................................. $2,081,530 26

$2,045,540 28

D EB T BEA R IN G NO IN T ER EST
Legal-tender n o te s..........................................................
$340,681,010 00
Old dem and notes .....................................................................................
55.647 50
National Bank n o te s :
Redem ption account......................................................................
20,239 960 2£
fractional cu rre n c y .................................................. ......$15,276,438 62
Leas a m ount estim ated as lost or d e stro y ed ............ 8,375,934 0 )
------------------- 6,900,504 62
A ggregate of d e b t bearing no in te re s t............................................... $373,877,12837
CERTIFICATES AND NOTES ISSUED ON DEPOSITS OF COIN A N D
LE G A L-TEN D ER NOTES AND PU RCHASES OF SILV ER BU LLIO N.
Classification o f Certificates and Notes.

In the
In
Treasury. Circulation

Am ount
Issued.

$505,370 5*10,414,(49 $80,979,419
2,832.108 326.200,336
60.000
5,605.000
5,065,000
4,461,749 145,420,209 149,8 H.95S

Eight Months, 1892.

Aver'gt Par Value
Price. or Quantity.

59.583,911
$’ 4783? 0005 [3409637128 62-2
1248,885,500 $184,056,784 75-1
$1,620,300
$1,785,446 110*2
$1,284,800
$908,-61 7L*0
$591,745
$*10,766 153*9

T o tal value

[VOL. L'VII

A ggregate o f certificates.........................

$7,969,2»7 $557,645,594 $565,614,881

R EC A PITU LA TIO N .
Classification o f Debt.

Interest-bearing d e b t..................
Debt on which in t. has c e a se d ..
Debt bearing no in te re s t...........
Aggregate of in te re st and non­
in te re st bearing d e b t ..............
Certificates and n o te s offset by
an equal a m ount of cash in
the T reasu ry ...............................

August 31,

July 31,

1893.

1803.

Increase or
Decrease.

$
585,037,590 00
2,045.540 20
373,877,128 37

$
585,037.440 00
2,081,530 20
374,002,046 37

$
I. 150 00D. 85,990 00
D. 124,918 00

960 900,258 03

961,121,010 03

D. 100,758 09

565,614,831 00 577,362,591 00 D. 11,747,710 00
Aggregate of debt, including
certificates and n o te s............... 1.526.575,189 «3 1,538,483,607 03 D. 11,908.468 00>

BTOCK E X C H A N G E C L E A R IN G H O U SE TRAN SACTIO N S.

/— S ha res , both sid es .—»
C leared.

Total Value.

C leared.

Total Value.

-------- B a lan ces, o n e s id e . ------ , Sheets
Shares. V a lu e Shares. Cash. Clear* d

M onth —
$
*
$
Ju n e, 1892. 10.684,000 1,041,048,200
1.598,750
94.566,700 1,433,971
5.886
July, 1892
9,807.300
699,313,200
1 . 1 *20,100
74,186,100
974.700
6 .886
A uk., 1892. 13,998.480 977,583,000
1,657.400 107,386.900 1,301.000
6.188
3 m os__ 40.489,780 2,717,944,400
4,370,250 276.139,700 3,710,271 17,954
June, 1893. 17,190.700 1,016.900,000
1,082,000
9'1,200,00>» 1,789,800
6,395
1,79^.300
July, 1893. 19.685.700 1,100.000,i'00
88, 100.000 2.752. t00
6 .' 15
1,470,200
A uk-, 1893. 17,509,400 96L,300.0»O
73.900,000 2,329,200
6,882
3 m o s.... 54,445,800 3,078,200,000
4,948,500 262,200,000 6,871,500 19,292
•— Shares, both sid es .—% ■------- B a la n ces o n e sid e. -------- . Sheets
Shares. V a lu e Shares.

$
8 7 1 .4 0 0 4 9 ,5 0 0 ,0 0 0
2 9 .. 5 7 6 ,0 0 0 3 1 ,5 0 0 ,0 0 0
3 0 .. 7 8 9 ,S00 4 7 ,1 0 0 ,0 0 0
3 1 .. 9 3 8 ,5 0 0 5 8 ,3 0 0 ,0 0 0
b. 1 .. 8 5 6 ,0 0 0 4 4 ,5 0 0 ,0 0 0

:.2 8 ..

$
6 6 ,8 0 0
4 9 ,3 0 0
6 4 .2 0 0
8 7 ,2 0 0
8 0 ,0 0 0

Cash. C lear'd .

$

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

3 05
286
310
317
302
1 .5 2 0
1 ,4 4 6

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

3 4 7 ,5 0 0 1 7 ,2 0 0 .0 0 0 5 1 0 ,4 0 0
4 7 1 ,4 0 0 3 2 ,0 6 3 ,5 0 0 5 0 7 ,8 0 0
H O L ID A Y _________
9 2 ,8 0 0 4 ,6 0 0 ,0 0 0 2 3 7 ,1 0 0
1 0 1 ,8 0 0 5 .6 0 0 ,0 0 0 1 9 3 ,6 0 0
8 4 ,8 0 0 4 .6 0 0 .0 0 0
9 5 ,5 0 0
8 1 ,9 0 0 4 ,2 0 0 .0 0 0 1 1 8 ,8 0 0

T o t. w k . 4 ,2 3 6 ,3 0 0 2 4 4 ,1 0 0 ,0 0 0
■ \V klastyr3,286,500 2 2 7 ,3 0 0 ,0 0 0

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

1 ,2 6 0
1,211

T o t. w k. .4 ,0 3 1 ,7 0 6 2 3 0 ,9 0 0 ,0 0 0
W k la 3 ty r4 ,3 6 8 ,6 0 0 3 0 7 ,8 0 0 ,0 0 0
S e p t.
••
“
“
“

323
320
320
2 97

The stocks cleared now are American Cotton Oil co nm oa,
American Sugar common, Atchison, Chicago Burlington &
Quincy, Chicago Gas, Chicago Milwaukee & St. Paul com ­
mon, Chicago & Northwestern, Cnicago Rock Island & Pacific,
Delaware Lackawanna & Western, D istilling & Cattle Feed"
ing, General Electric, Louisville & N ashville, Manhattan,
Missouri Pacific, National Cordage common, New York &
N ew England, New York Lake Erie & W estern, Northern
Pacific preferred, National Lead comm on, Philadelphia &
Reading, Union Pacific and Western Union.

CASH IN T H E TREASU RY .
Gold—Coin..................................................................... $78,0*9.667 15
B ars .......................................................... . 98,374,505 29—1170,423,172 44
Silver—D o lla rs .................................................................. 357,677.820 00
Subsidiary coin......................................................... 12.700.^23 57
B ars............................................................................ 122,200.-00 4 1 - 492,579,4C8 98
Paper—Legal te n d e r n o te s (old Issue) ............
15,04 f.955 94
T reasury notes of 1890............................................
4.401.749 00
Gold certificates.......................................................
505,370 00
S ilv er c e rtif ic a te s .........................................................
2,882,108 00
Currency certificates..............................................
60,000 00
N ational bank n o te s...............................................
3,157,583 63— 26.169,829 0C
Jther—donds, -nter^st and coupons paid, aw ait­
ing reim b u rsem en t..................................................
78.856 37
Minor coin and fractional c u rren cy ....................
758,319 49
Deposits in n a t’l b ink deposi a rie s —gen’l a cc 't.. 13.008,926 98
Dlsbui sing officers’ balances....................................
3,889,374 9 0 - 17,095,476 80*
A ggregate..
$712,857,837 82DEMAND LIA B IL IT IE S .
Gold ce-tiflcates........................................................... $£0,979,419 00
Silver certific a te s.... ............................................... 329,048,504 00
Certificates of deposit act J u n e 8 , 1872................
5.335.00 » 00
Treasury ootes of l-'OO............................................... 149.881,9 >8 00-$565,014,881 00
Fund for redeinp. o f u n c u rre n t n a t’l bank notes
7.349.1 -3 74
O utstanding checks and d ra fts ...............................
4,002,887 81
Jisbursing o ncers’ balances. ... .......................... 24,522.439 14
\ .t e >cy a c c o u n t s , & c ..........................................................
8,374,053 49— 39,959,090 18
*old reserv e.................................. $93,009,123 00
Nat cash balance........................... 11,*74,78? 64... ............................ 107.2S3.910 04
Aggregate .............................................................................. ............$712,857,887 82
Jash balance in th e T reasury Ju ly 31, 1893........................................ $'17,887,507 57
Jash balance ia th e T reasury A ugust 30.1893.................................... 107,283,910 04 Decrease during th e m onth

$10,606,650 93-

BONDS ISSUED IN AID OF PA C IFIC RAILRO A D 3.
Name
if Railway.

Jen. Uacitlc.
.Can. Pacific.
J a l’n Pacific
Jen. Br. U.P.
Wes'- Pacific
Uoux C. & P.
Totalr..

Int. repaid by Companies.
Interest
Balance
Principal
Interest
accrued
Out­
paid by By Trans­ By casn pay- of Inter'st
and not
paid by
m'ts; 5 p. c.
standing.
the U. S. portation
yet paid.
Service.
net earnings. the D.

$
25,885,120
6,303,000
27,236,512
1,600.000
1,970,500
1,628,3*20

.. 04.6*23.512

$
258.851
63.030
272,365
10,000
10,700
10,283

$
33,933.627
9.9 LI. 133
41,290,758
2.509.808
2,850,585
2.141,290

$
0,881,351
4,187,333
13,029,200
572,529
9,367
208,124

$
f
658,283 31.443,993
5,723.800
438,410 20.932,- 58
6,927 1,930,353
2,841.218
2,233,1 5

646,235 07,090,201

25,787,09 *

1.1O8.A20 71.104.58?

S eptember 9,1893. j

THE CHRONICLE

TjtX j n c t a r e lC o m m e r c i a l j^ u g lts li H . eh
i F ro m o o r o w n c o r r e s p o n d e n t. 1
L ondon, Saturday. A ugust

s

36, 1893.
The Directors of the Bank of England raised their rate of
discount on Thursday to 5 per cent. Such a rate is most un­
usual ia the month of August. There had been much differ­
ence of opinion previously as to whether the change would be
made. D uring the week ended Wednesday night over a mil­
lion and a quarter sterling had been w ithdraw n from the
Bank for America; but about half as m uch came in, chiefly
from the Continent, so th a t the r e t withdrawals were som e
w tu t under ±1700,000. Consequently many thought that the
Directors would wait for at least a week to see whether the
dem and for America would continue. Probably the Directors
had information th a t it will continue. They had reason to
th in k , too, th a t nearly half a million sterling would go to
Russia on Tuesday neat, but the order for that has since been
countermanded; at the same tim e the Bank of France is put­
ting every possible obstacle in the way of those who wish to
take out gold, either for Lf.ndon or for the D rited Stales. The
stock of the m etal now held by the Bank of France is a trifle
under 68Jj[ millions sterling. During the week the decrease
was not quite £3-j0,000. I h e Bank is charging a very'high
premium for the little it allows to be taken out.
It
is asserted that the Governor of the Bank of England in­
quired of the Governor of the Bank of France w hether this
policy would be continued, but he was unable to get any defi­
nite answer—so a t least the City believes—and consequently
tba Directors of the Bank <f England when they met de­
cided to put up their rate. The Joint-stock banks have raised
th e rate they allow on deposits to 3*, per cent, and the dis­
count homes have raised their nit*» to 31; per cent for money
a t call and §$£ per cent for money at notice; but the discount
rate in the open m arket is haidiy better than
per cent,
Several of the country banks and the foreign banks with
offices here are taking bills at l per cent and even somewhat
lower. The Bank of England in consequence is borrowing
upon consul-: if it continut* to do so it will certainly raise
the rate in the open market. According to Thursday's return,
th e coin and bullion held by the Bank still somewhat exceed
M% millions sterling, and the reserve is a very little over 15
millions sterling.
The India Council on Wednesday offered for tender 40
lakh# of rupees in bills and telegraphic transfers. As the
applications amounted only to about <3 3 3 lakhs, at price*
ranging from Is. 2?£d. to l .2 v i . per rupee, no allottm ent was
made. The India Council is now very much in arreur. Nearly
five months of the financial year have elapsed, and it has not
realized 6 millions sterling, whereas, according to the Budget,
it requires to raise about 19 millions sterling. The Indian
Government is urging upon it to borrow in London, but un­
der present circumstances the Bank of England is very averse
to making temporary advance*, and the Council naturally is
unwilling to increase permanently t’s sterling obligations.
For the present, at all events. It is not likely to borrow; but if
it can sell reasonably large am ounts of draffs a t the market
price, it will do go. Silver is in good d -m to d lo r the F ir
E m u chiefly for India and China. The price rose on Wedn * day to 81?jiL per ounce, but declined on .Thursday to S4*g I.
per ounce and further yesterday to 3id.
.3
The attendance as the Stock Exchtnge is exceedingly small
at present. The weather has cooled, but the great heat of the
past fortnight drove away everyone who could take a holiday
The growing draror** of money, the conti mance of tbejeoal
strike, the uncertainty as regards the silver question m
America, and the weakness of the Continental bourses have
all combined to lessen even the very small am ount of business
that was previously going on. Still there is a fair am ount of
investment both ny toe general public here and by great cap­
italists on the Continent in the American departm ent. But
the investment >s rather in shares that have fallen very much
than in bonds. H itherto there has been a very good dem and
for bonds; but this week there have been attem pts to sell
on a considerable scale from Amsterdam, and the bond m ar­
ket, especially the market for the bonds of railway companies
th at pay no dividends, is weaker than it has been. That
probably, however, is a very tem porary weakness. If
Amsterdam stops -oiling in all likelihool there will be an im­
m ediate recovery. British railway stocks have fallen fu rth tr
during t b e w .lt. The traffic returns arc very u n fa v o n 'd e .

411

On Tuesuay and Wednesday delegates of the Miners’ Federa­
tion met a t W estm inster and decided to continue the resisttance to a reduction of wages. They offered, however, if the
notices of reduction were w ithdraw n to instruct the men to
return to work immediately, pledging themselves not to ask
for any advance until the scale of 1890 is restored. The em ­
ployers show no inclination to m eet the work people, and so
the quarrel is likely to go on. In South Wales, however, m any
of the miners have returned to work. In some cases they have
obtained concessions from their employers, in others they go
back at the old rates. The railway companies continue reduc­
ing the num ber of trains run, and there are loud complaints
that trade in every direction is being seriously injured.
The fall in the Indian exchanges has not in any way improved
the Indian tx p o it trade, w hich is unusually depressed evenfor

the slack sea-on; but it has had a bad influence upon the exports
from Lancashire. It is reported that several orders already
placid have been countermanded. On the other hand the
exports from China have been greatly stim ulated, and in
consequence there is a very strong dem and for silver for
China. Rupee paper has fallen further during the week, and
so have most silver securities. The m arket for Mexican Gov­
ernment b< mis, however, is stronger than it was. There is a
report in Brrlin m at the Messrs. Bleichroeder are negotiating
with th e t ovirnm ent.and that an arrangement is likely which
will s.i-ure the paym ent of the next coupon. In A rgentina
there has been no further lighting in the province of Buencs
Ayres, but in the province of Corriente? the revolutionists are
gaining ground. All Argentine securities have given way
during the we*k. industrial as well as Government. Further
fighting in Brazil is also reported, and the bonds have
declined. The Continental bourses are all weak, owing
to the growing dearness of money, the spread of cholera,
the 1...... a incurred bv the fall in American aDd silver secur­
ities. tile tariff w ar between Germany and Russia, the rio t
between French and Italian work people at Aigues-Mortes,

and the disturbances in Vienna. The Aigues-Mortes incident
created great indignation in Italy, and there were m any
demonstrations against France, but it is hoped now that the
incident is closed. There has been a sharp fall during the
week in Italian rentes, partly because of the Aigues-Mortes
riots and partly because the Italian finances are getting worse
and worse. German holders have been selling for tome weeks
past, and in the present state of the European money m arkets
it is not thought probable th a t Italy will be able to borrowany more in Germany. Spanish bonds have also given w ay
som ew hat, and the impression is growing that a break-down
to Spain cannot now be long postponed.
The following retu rn snows the position of the Bank o l
England, the Bank rate of discount, the price of consols, & r,,
compared w ith the last three years;
mm.
mm.
1801
1890
A u g . 21,
Aug. t$.
Aug. M. A ug. 27.'
CferttBlfttJon................
S8.U I.I80
es.886.105 24,75)3.175
PafcUe OaswaOi*................
$j m $m *,841.470 2,877,600
Ota#r
3i.7 aojus
*8 026,337
titovAntmimimemzitim.... . . . . . 12.414,605 n.,zu9j$m 10.314.655 13,974.287
21.526401

21.H3.852

17,921.399
R**err#.
17. US,721
14,3 $2,721
yNc»i*t Md boJUcm ............
20,510,910 22,685.190
m
Pn>p, aswta to n&biinim j*?r el, 46
46 3-10
2
Sank rut® ............. ...peir ciem.Atitf. fi, §
4
2*4
Oooaott r»t*r cent-----m o-i6
m i5-io S6 5-16
OUajltut Uoo*» r e t u r n * . . . .
IM,9?$,09O 101,642.000 220,011,000
tlcssrs. t'ixley & Abell write as follows under date of
August 24 :
HuId Omnpvrvd with the urgent orders recently In force, this mar­
ket!. now U'liei. Small i»iuouut, uf American sold continue to leave
tti» Batik, »M some sovereign* have been taken <mCanadian account
file toim withdrawn is £ t.Oes.iioO, and against this £572.0. 0 has
been rreolv d. Arrivals: Hirer Plate, t 105.000; Australia, £90.000;
South Africa, *8 t.OOOf OWN, £10,000; Sew Zealand, £ 1,000; Bnmuav',
£ 7,00 ; W.-t indies. £$g,(X)0; total, £398.000 Shipments to India,
Ails'. 18 and -I. £20,000.
Silver.—With orders for cash delivery, am! hot little available, silver
iw..roved ateailjij- until to 4 »y, when, wuh rather more on otter than
wanted, the price full to : - 4 n fall of tpl, from tiIkhost mint of thu
Week. Arrivals; New York. £98.000; 1 hill. cag.iiOo; West ladies,
£31.0.10; total. M t .000. shipment*: T.» China. Aug. is, £150.000;
Bombay, An*. t->. £82.u0O; Bunina?, Aug. 2*. £ I M,9uo.
Mexican Hollars -Transaetions have taken piace at varying rates,
and the closing quotation Is hiqd. slit, tneiits to the East, £18.880.
The following shows the imports of cereal produce into u»f
United Kingdom during the fifty-one weeks of the season,
tompared w ith previous seasons;
ntFOBTB.

1892-93.

1891-92.

1890-91.

1889-90

Import*ofwheat.owt.««,086,2»iS 6H .53H .t38 5 7 ,3 2 8 ,7 5 8 5 8 .9 7 3 .3 8 0
Bar «y....................... 17,537,508 Hi, 9-. - i
11317,024
O a t * . . ......................
1 4 ,1 9 2 .4 4 4 l 4,9 9 , 9 1 - 15.7U2.5H8 1 2 .8 2 ,5 2 3
i*«*» ...................... 2,2011,9119 2,710,127 1,88 ..»70 1,706.4-8
Boons .........
3,004,157 I,His.-lit 3,33:.. 134 *.516.647
I n d iiD .v o r u ............. . 3 3 ,0 14.0*3 3 0 , 1 2 l,u t.. 20.7AB3162 4 2 .7 2 3 .u f8
Hunt ___ ______ 20.432, >28 ttl’,5 ■'i , 37 t.7.il.7,2J .0.280.870

THE CHRONICLE.

412

SuDplies available fo r co n su m p tio n (exclusive of stocki on

September 1):

1 8 9 2 -9 3 .
1 9 9 1 -9 2 .
1 8 9 0 -9 1 .
1 8 8 9 -9 0 .
■Wheat.................... o w t.B S .0 3 6 .2 6 5 6 8 .5 3 9 .4 3 6 5 7 ,5 2 5 ,7 5 3 5 6 ,9 7 3 .3 6 0
I m p o r r s o f flo u r..........2 0 .1 8 2 .9 2 6 1 9 ,5 7 1 .0 3 7 1 5 .4 1 5 ,2 2 7 1 6 ,2 8 0 ,9 7 6
S a le s o l h o m e -g ro w n .2 5 .7 9 7 ,9 3 1 3 1 ,4 5 6 ,3 1 8 3 3 .9 2 3 ,2 8 1 4 4 ,4 3 6 ,2 0 0
T o t a l...................... 1 1 2 ,3 6 7 ,1 2 2 1 1 9 ,5 6 6 ,8 2 1 1 0 8 ,8 6 4 ,2 6 6 1 1 7 ,6 9 0 ,5 3 6
1 8 9 2 -9 3 .
A v e r, p rlo e w h e a t w e e k . 26a. 5 d .
A v e ra g e p rlo e , s e a s o n ..2 6 s . 8 d .

1 8 9 1 -9 2 .
2 9 s. 7 d .
33s. 5d .

1 8 9 0 -9 1 .
4 0 s. 3 d .
35s. 3d.

1 8 8 9 -9 0 .
3 6 a. 5 d .
3 1 s . Od.

The follow ing shows the quantities of w heat, flour ar d
m aize afloat to the U nited Kingdom :
Thin w eek.

L a st w eek.

W h e a t........................ q r e . 2 ,7 1 8 ,0 0 0
F lo u r , e q u a l to
q ra . 3 4 7 ,0 0 0
M a iz e ......................... q ra . 4 4 9 ,0 0 0

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

1892.
1 ,9 1 5 ,0 0 0
2 6 1 ,0 0 0
6 3 8 ,0 0 0

1891
1 ,7 9 4 ,0 0 0
1 6 3 ,0 0 0
230.00U

[V ol , LVII,
E xports.

Im ports.

Silver.
W eek.

G r e a t B r ita in ..............
F r a n c e ...........................

S ince J a n . 1.

W est 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 tr ie s ..

$ 7 3 2 ,1 0 0 $ 2 0 ,6 8 5 ,9 0 6
1 32.19S
1 8 7 ,3 0 0
4 3 5 ,5 2 3
6 60
6 2 .0 1 3
3 9 .6 9 4

T o ta l 1 8 9 3 ............
T o ta l 1 8 9 2 ............
T o ta l 1 8 9 1 ............

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

Week.

S ince J a n . 1.

4 ,0 5 2
4 ,2 6 4
300
1 25

$ 2 ,6 7 0
7 8 7 .4 4 0
596
4 4 .1 3 2
7 7 1 ,5 3 9
7 9 3 .7 5 7
8 6 ,7 3 5

8,741
1 2 7 ,1 4 4
7 ,4 2 5

$2,4*86 8 8 9
1 ,4 6 8 ,0 2 4
1 ,3 3 4 ,8 0 2

$

..........

Of the above imports for the week in 1S93 $4,036,957 were
American gold coin and §1,981 American silver coin. Of the
exports during the same tim e, §1,000 were American gold coin.

E n tfllsu F iu a n o la l IT Ia rlc e ti-P e r C ab le.

The daily closing quotations for securities, &c., at Loudon
are reported bv cable as follow s for the week endinp Sept. 8:
L on d on .

M on.

Sat.

3 3 78
97%
97%
99 25

S il r e r , u e r o z ................... d
O onftO is,new , 2 % p e r ots.
do l o r a c o o u h t..........
F r ’oh r e n te s (in P a r is ) f r .
TJ. S. 4 s o f 1 9 0 7 ...............
C a n a d ia n P a c ific .............. 785s
C ole. MU. <fc S t. P a u l . . . . 6 0 ia
Illtn o ie C e n t r a l................. 95
L a k e S h o re ......................... 1 2 2 ia
L o u i s v ille * N a s h v ille .. 56%
M e x ic a n C e n tra l 4 s ........ 50
N . Y. C e n tra l & H u d so n . 105
N Y . L a k e E r ie & W e st’n 15%
do
2 d o o n s ............. 7 %
N o rfo lk & W e s te rn , p re f. 233*
N o rth e r n P a c ific p r e f . .. 24%
P e n n s y lv a n ia .................... 515s
P h ila d e lp h ia & R e a d in g .
9%
U n io n P a c ific ..................... 23%
W *baRh o r e f ....................
16%

Tuen.

Wed.

Thurir.

Fn.

33%

33%
97
973s
99-45

34%
34%
33%
97%
9 7 ‘l« 97*. „
979, • 9 7 s* 8
9 7 5i« 97%
99*42% 9 9 5 2 % 99-57% 99 55

78%
62%
96%
122%
56%
50
105%
1 5%
77%
23%
24%
51%
9%
23%
16%

7 8 *4
6 3%
96%
122%
5 7%
50
106
16
78
24%
21%
52
9%
24%
17%

77%

77%

63%
96%
124
58%
. 0%
106%
15%
77%
24%
25
52%
10%
2 4%
17%

76
60%
95%
124%
57
50%
104%
15%
76%
24
24
52%
9",
23%
17%

6 13»
96%
125
57%
50%
1051,
15%
77
24%
24%
5238
9%
21%
17%

©ommerctal and JUisceUatiemts 3^eto«
N a t i o n a l B a n k s . —The follow ing shosv3 banks recently
organized, insolvent, in liquidation, e tc .:
IN SO L VEN T.

3 ,6 0 8 —T h e E l P a s o N a tio n a l B a n k o f T e x a s , El P a s o , T e x ., Is I n s o lv e n t,
a n d w a s on S e p te m b e r 2, p la c e d i n t h e h a n d s o f B . E . B e c k ­
h a m , le c e iv e r.
T H E F O L L O W IN G N A TIO N A L BA N K S H A V E B E E N A U T H O R IZ E D BIT T H E
C O M P T R O L L E R O F T H E C U R R E N C Y TO R E SU M E BU SIN ESS.

3 1 7 —T h e F i r s t 5 a tio n a l B an k o f D u b u q u e , Io w a .
7 8 8 —'i h e L o u isv ille C ity N a tio n a l B a u k , L o u isv ille . K y .
2 ,1 6 1 —T h e M e r c h a n ts ’ N a tio n a l B a n k o f L o u isv ille , K y .
2 ,3 5 1 —T h e G e rm a n N a tio n a l B a n k o f D e n v e r, C o lo rad o .
2 ,6 9 4 —T h e S la te N a tio n a l B a n k o f D e n v e r, C o lo rad o .
3 ,0 3 2 —T h e A m e ric a n N a tio n a l B a n k o f N a sh v ille , T e n n e sse e .
3 .2 2 5 —T h e F ir s t N a tio n a l B a n k o f G ru n d y C e n te r, Io w a .
3 ,2 7 7 —T h e F i r s t N a tio n a l B a u k o f C h e rry v a le , K a n sa s.

1892.

18 9 3.

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

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

T o t a l ............ $ 1 0 ,7 5 5 ,8 2 8
S ince J a n . 1.
D ry G o o d s........ $ 1 0 7 ,1 1 2 ,6 7 6
G e n ’l m e r ’d is e . 2 5 3 ,6 3 3 ,2 6 7

$ 8 ,4 5 8 ,2 9 2

$ 8 ,3 9 9 ,3 8 5

$ 7 , 5 4 9 ,5 4 5

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

D ry G o o d s........
G e n ’l m e r’d is e .

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

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

T o ta l 3 5 w e e k s .’$ 3 « 5 .7 4 5 .9 4 3 $ 3 6 1 ,4 3 3 ,0 6 1 $ 3 8 4 ,5 7 1 ,1 3 0 $ 4 1 1 ,6 4 2 ,8 9 1

The imports of dry goods for one w eek later w ill be found
in our report of the dry goods trade.
The follow ing is a statem ent of the exports (exclusive of
specie) from the port of N ew York to foreign ports for the
w eek ending September 5 and from January 1 to date:
EXPO RTS FROM N E W Y O R K F O R TH E W E E K .

F j r th e w e e k ..
P r e v . r e p o r te d .

City Railroad Securities—Brokers’ Quotations.
A tla n tic A v .,B ’k ly n .S t’k.
G en. M., 5s, 1 909...A & O 100
Bl’ok er S t. & F o i. F .—S tk.
1 st m ort., 7s., 1900-.J& J
Br’dw ay Sc 7 tn A v .~ S t’k ..
1 st m ort., 5a, 1904 .J& D
2d m ort., 5s, 1 9 1 4 ...J & J

1890.

1891.

1892.

1893.

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

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

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

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

|

The follow ing table shows the exports and imports of specie
at the port of New York for the w eek ending Sept. 2 and since
January 1, 1893, and for the corresponding periods in 1892
and 1891:
E X P O R T S AN D IM P O R T S OF SP E C IE A T N E W T O R K .

E xp o rts.
W eek.

S in c e J a n . 1.

Im p o rts .
W eek.

... 130
' 0 .........
95 100
240 .........
105 110
300 .........
... G8
--- 110
60, 64

1

Bid. A sk. |

M a tu a l(N . Y .) ...................

180
105
140

People’s /B ro o k ly n ! - -

S in ce J a n . 1.

G r e a t B r i t a i n .............
F r a n c e ............................
G e n u a n y .......................
W e s t In d ie s '.................
M e x ic o ...........................
S o u th A m e ric a ...........
A ll o th e r c o u n tr ie s ..

? ............ , $ 1 6 ,6 7 6 ,7 4 7 $ 6 ,4 5 0 ,3 7 7 $ 2 6 ,8 3 4 ,5 4 6
1 7 ,9 9 0 ,1 0 2
8 0 4 ,6 1 7
5 ,6 4 0 .0 3 5
9 8 ,0 4 4 1 2 ,8 5 5 ,0 5 9
2 5 ,4 5 3 ,1 0 0
1 0 ,8 5 0
6 ,4 6 4 ,7 4 0
2 0 ,1 2 9
5 ,1 8 9 .4 7 6
2 ,6 4 8
1 5 ,4 6 8
00 218
. 1 ,1 3 2 ,6 7 0
4 4 ,2 7 8
9 9 0 ,6 3 1
1 ,0 1 3 ,4 2 0
6 , 3 15
1 1 5 ,4 1 4

T o ta l 1 8 9 3 ............
T o ta l 1 8 9 2 ............
T o ta l 1 8 9 1 ............

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

G A S C O M P A N IE S .

110

B id.
120
100
120
105
153

135
150
100
88

Do

A 8k
120
102
1*60

10 5

80
40

com......................

Auction Sales—Am ong other securities the following, no t
regularly dealt in at the Board, were recently sold at
auction.
B y Messrs. R. V . Harnett & C o.:
B on d s.

Shares.

20 T liu rh e r-W y la n d Co p fd 2 4
50 A m . S o d a F o u n ta in Co.
2 d p r e f e r r e d .................. 96
1 M em b.N .Y . P r o d . E x c h .$ 5 5 0

$ 7 ,0 0 0 S ta te o f M a s s a c h u ­
s e tt s , 5s, 1 8 9 4 ....................... 1 0 1
$ 4 ,0 0 0 C lias. 8. H ig g in s Co
6 s, J u n e c o u p o n s u n p a id _ 1 4

By Messrs. Adrian H . Muller & Son :
Shares.

Shares.

2 0 S ta te T r u s t C o................. 1 95
50 C itiz e n s’ B a n k o f J o h n ­
son C ity, T e e n .............$ 2 5 0
7 5 T r a d e s m e n ’s N a t. B a n k 1 00
40 N a t. S h o e & L e a th e r B*k 115
50 T h ird A v e n u e R R . C o .. 14 0
4 0 E .W .B liss C o.,com . r ’ts.. 45

4 0 E .W .B liss& C o ., p f .r ig ’ts 2&
1 10 H id e & L e a th e r N a t.B ’k 1 0 0
1 C e rt, M e m b e rs h ip N . Y.
P ro d u ce E x ch an g e— $510
Bonds.

$ 1 2 6 ,0 0 0 E x c e ls io r S p rin g s
Co. 1 s t m o rt. 6s, 1 9 0 0 -----

10

and ISfitxattcitU.

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

Gold.

Dry D k.E .B .& B a t’y—S tk .
i» t, g.. 5% 19c2 .......J& D

30
108
180
100
100
100

E ig h th A v.—Scrip. 6s, 1914
42d & G r’nd S t. F ’ry —Stk.
42d St. M anh.& S t.N .A ve.
B’w a y l e t , 5e, g u ........’24
1st m ort., 6s, 1910.. M&8
2nd 5e, in t. as re n t., ’05. 90
2d M,, in c o m e ,6 s ....J & J
B rooklyn C ity—N ew Stock 148 150 j H onst.W .S t.& P .F ’y —S tk . 20U
1st m ort., 7 s, 1 8 9 4 ..J & J 1041.........
B ’k ly n o ro s a t’n 5e., 1908 105
126 130
B kn.C ’y & N ’n58, 1938. J & J 100 105
95 103
C entral C rosstow n—S t’k .. 140
l e t m ort., 6s,1922.M & N 115 120
1st m ort., 5s, 1909. M&N ---- 102
140
---- '215
'tent. P k.N .& E .R iv .—Stk.
125 130
^ouflole. 7e. 1902 ...J & D 116*
135
C liriat’p ’r & 10th S t.—S t’k,
1 st M., 5s, 1937....... J & J 1 0 7 .........
l a t m ort., 1 8 9 8 .......A&O 105
T w e n ty -th ird S t.—S to c k .. ---- - 300

100

F O R E IG N IM P O R T S A T N E W T O R E .

18 9 1 .

— Messrs. Coffin & Stanton offer to investors a selection of
high-grade investm ent bonds paying from 4% to
Per cen t.

N. Y. and Brooklyn Gas Securities— Brokers’ Quotations,

follow ing are
the imports at N ew York for the week ending for dry goods
Aug. 31 and for the week ending for general m erchandise
Sept. 1 ; also totals since the beginning of the first week in
J a n u aiJ,
1890.

—The U nion Discount Company o f London cable the
C hronicle that they have reduced their rates for money to 3
per cent for call and
per cent for three to seven days’
notice. Their card w ill be found on the third advertising
page.

G A S C O M P A N IE S .

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 .— T h e

F o r W eek.

—This issue of the Chron icle contains the annual cotton
crop review, and the card of Messrs. Latham, Alexander &
Co. appears on the last page as usual. In addition to their
large cotton bittiness they receive accounts of banks, bankers
merchants and individuals on favorable terms, allow ing in ­
terest on daily balances, subject to check at sight.

THE MERCANTILE NATIONAL BANK
O F T H E C IT Y O F N E W Y O R K ,
N o. 1 9 1 B ro a d w a y .
C a p it a l.
=
$ 1 , 0 0 0 , 0 0 0 1 S u r p l u s F u n d , - $ 1 ,0 0 0 ,0 0 ©
W ILLIAM P . 8T. JOH N , P resident. 1 FR ED ERICK B. SOHHNOK, C athier.
JAM ES V. LOTT, A ssistant Cashier.
A C C O U N TS S O L IC IT E D .

S am uel

D.

D a v is

B A N K E R S A N D D E A L E R S IN

& Co.,

IN V E S T M E N T S E C U R IT IE S .

N O . 4 4 W A L L S T ., N E W
S a m u e l D . D a v is ,
M e m b e r N . Y . S to c k E x c h a n g e .

YORK,

Oh a s . B . Y a k N o s t r a n d .

THE CHRONICLE.

S eptember 9, 1893,J

413

Posted rates of leading bankers are as follows :
JZJxz

J B a u k e r s '

© a x e tte .
Septem ber 8.

S a m e o f C om pany.

R a ilro a d * .

Atlanta A Charlotte Air Lino....
Boston & Albany (qrar.)...........
Clev. Cin. Clue. A
f.tqoar.i
PtOL S i r . & Norristown (quor.)..
H liw e lla n e i.il* .
American Sugar Ref. pf. (quar.)
**
"
•* com. (qoar.)
Commercial Cable (qoarq. ......
Herring Halt-Marvin pf, tquar.)

P er
Cent.

3
2
1%
2%

W hen
Payable.

S ixty B a y s.

Prime bankers’ sterling bills o n London..
Prime commercial............................. ....

D I V I D E N D S .
B o o t s C losed .
( B a y s in clu sive.)

Sept. S Sept. 7 to Sept. 10
Sept. 30 Scot. If) to Oct. J
Oct. 2 Sept, XT to Oct. 2
Sept A ----------- t o --------------

Frunklort or Bremea(reioumarfcs)b’nker8

4
4
4
5

D em an d,

S3 ® 4 a i l . 4 86%»4 874
8 1 % « 4 82 u
81%<S4 81%
2 3 te * 5 32% 5 20%®5 20
397? »3f)U*16 401, , 0 4 0 %
94% * 9 4 % l 95%»95%

United States Bonds.—Quotations are as follows:

Interest Sepi.
Sept,
Sept. Sept.
Periods ii. Sf
T 2 a , ...........................re g . Q.-Meh. - 98
* 99 * 98 * 98 ‘ es
•no** *110 ‘ 110% *110%
4 8 ,1 9 0 7 ................ re g . Q.-J an . '1 1 0 %
4», 1 9 0 7 ..............c o u p . Q.-Jan. * 1 1 1 ^
a - m % ‘ 111 m u * n u %
*101 *101 *102 *102
6s, onrV ,y,’9 5 -----re g . J . A J . -101
W A L L S T R E E T , F R ID A Y , S E P T E M B E R s , 1 8 9 3 - 3 P . M .
*103 *104 *104 *104
6s, o u r'o j-,'9 6 -----re g . J . & J. -1 0 3
*106
6s,
o
o
r’e
v
.’OT-----re
g
.
‘1»6 *106 *106 ‘ 106
J.
A
J
.
T h e Money .Market and F in a n c ia l S itu atio n . —Securities
S3 -l0:>
*109 ‘ 109 •109
6a, e n r ’e sV a S -----r e g . J. A J. *109
a t th e Stock E x change w ere b u o y a n t e arly in th e w eek, b u t Be, c u r 'c y / s a ___ re g . J. & J. *111
: ♦111 *111 *111 *111
afterw ard lost their anim ation as the repeal bill wag delayed in • T h is la th e p ric e b id a t t h e inorame b o a r d : n o sa le was made.
1h i

3 5 Get. 2 Sept. I t to Oct 2
1% Oct. 2 Sept 21 to Oct. 2
2
Sept 12 Sept, 9 to Sept XI

th e Senate,
T here is? one im p o rtan t point th a t has been touched upon but

Government Purchases of S ilv e r.—The follow ing show s
the am o u n t of silv er purchased in S eptem ber by th e G overn­

very little in the voluminous debates on silver, and th a t is the m ent,
g reater ease of borrow ing m oney a n d th e lo w er ra te s o f in te r­
est th a t a re sure to prevail w h erev er th e c u rren cy is on a
stab le gold basis. E v ery elem en t of u n c e rta in ty in financial
transactions, an d p a rtic u la rly a n y d o u b t a s to rep ay ­
m e n t o f th e p rin cip al o f a lo an in sound m oney,
w orks ag ain st th e borrow er, a n d i t is b u t a tru ism to say th a t
money w ill alw ays be easiest to borrow a n d a t th e low est rates
of in terest in those places w h ere every elem en t of doubt is
elim inated. H ence the W estern fa rm e r w ill oniy be able to
get m oney on m ortgage a t rates of in terest 1 o r 2 per c e n t
h ig h er if he baa to face th e question o f u n c e rta in ty a b o u t th e
currency.
The recovery of railro a d bonds a n d stocks on th e hopeful
tu rn of affairs last week has been m ost encouraging, but
th e ir advance w as too rap id to be entirely sustained. It
is to be observed, how ever, th a t th e reaction w as only
m oderate, and th ere is a p p aren tly a deep-seated confidence
th a t w ithin a very sh o rt tim e th e w ill of th e m a jo rity m ust
prevail and the chief cause o f th e late financial tro u b le he
rem oved.
M unicipal bonds a re scarcely sold a t th e S tock
B oard, b u t it is understood th a t th e re has been a g re a t im prove­
m e n t in the d em and for these securities since th e m oney pres­
sure relaxed, and bonds a re now snapped up q uickly w hich a
fo rtn ig h t ago could not be to ld w hen offered a t prices m u ch
low er.
T he open m ark et r a t ,- fo r call loans d u rin g th e w eek on
stock an d bond collaterals have ranged from 2 to 5 p e r cent,
th e average being 4 p«»r cunt. To-day rates on c all w ere
to 3M per cent. C om m ercial paper is quoted a t 8 to 10 p, c.
for th e beat grade*.
The Bank o f E ngland w eekly sta te m e n t on T hursday show ed
an increase in bullion of £213,000, an d th e percentage of
reserve to liabilities was 51 37, against 48-2.5 last w eek: the
discount rate rem ains unchanged at 5 per cent. T he Bank
of Prance shows a decrease of 3,325,000 franca in gold a n d
an increase of 1,100,000 franc* in stiver.
The d etailed etaternen t of th e condition of th e C learingH ouse bank* has been discontinued f ir th e present, and w ill
n o t again be issued so long a s th ere are an y loan certificates
outstanding. The total*, how ever, a re furnished as usual,
a n d th e figures for last S atu rd ay (Sept. 3) as c o tn p tred w ith
those of th e preceding S a tu rd a y show an increase in th e re­
serve held of $8,052,700. there being a deficit below the
required reserve of 11,507,523, ag a in st a deficit of $8,737,615
th e previous w eek :

*•
*<

Ounces
offered.
489.000
225.000
6.......... ........... 172.000
8__ . . . . . . . . __ 115.000
1,040,000

O u n cet
p u rch a sed .

P ric e p a id

303 00i>i$<r735(r» 7.........
175,000 #0-7300 * ......... .
35.000 #0*7300 « ..........
..............■...............

a

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

513,OO0i$O-735O a*

C oins.—F ollow ing a re c u rr e n t q u o ta tio n s
com*:

Sovereign*.........S4 85
Saimieone__ ... 3 85
X X Reloimiarka. * 7s
25 P e s e ta * ............. * 7 5
Span. Doubloon*. 15 55
Mex. Doubloon*.15 55
fine gold bar*... par

_

in g o ld f o r

«4* 90 Flneullver bars.. —7t%!» — 75%
« 3 90 Five f l a j e a . 90 0 —95
o * 8 0 Mexican dollars.. —60 O — 01
• 4 83
Do uaoommero’l ------- a — —
a 15 7 5 P e ru v ia n m ils..............- 5 3 D — —
<115 75 English silver ... 4 8>* 9 4 90
t»% prem.10.3. trade dollar* —60 a — —

H

|
j a-4
fife-

C

S ta le a n d R a ilro a d B onds.—S ta te bonds h av e sold m od­
erate! v a t th e Board an d tra n sa c tio n s include $15,000 Tenn.
settle.' 8a at
$1,000 settle. 3s a t 07, 88,000 X, C. 6s of
1910 a t 115, $8,000 A rk. Is , L. R. P. B. & N, O ,, a t 8.
R ailroad bonds h av e been relativ ely activ e a t p rices g e n er­
ally a d v a n c in g u n til th e m iddte of th e w eek, since w hich
tim e th e re h a s been som e reactio n , b u t a stro n g tone
a t th e close.
T he p rices of good bonds
secured
b y m o rtg ag e on v alu ab le ra ilro a d properties h a d been
g rad u ally forced dow n for m o n th s b y th e silver outlook
and by the financial crisis b ro u g h t on by th a t difficulty. T hen
cam e tile fam ous v o te in th e H ouse o f R epresentatives show ­
in g an o v erw helm ing m ajo rity in fa v o r of repealing th e silver
purchase clause, a n d im m ed iately th e prices of bonds re­
sponded, clim b in g u p 5 to 10 p e r cen t, o r m ore, accord­
ing to th e ir respective m erits o r th e ir previous depression. F ro m
t.h.....liirge advances th ere have been som e reactio n s, ow ing
m ainly to th e d ra g g in g debate in th e S enate a n d th e e v id e n t
disposition o f th e m in o rity to o b stru c t repeal. A m ong lead­
in g bonds th e follow ing h av e touched the* h ig h e st prices
nam ed a n d close a t th e figures given l a s t : A tchison 1st 4s a t
7 6 an d 7 5 tej; 2d
4« *‘ A " a t 14Jf, an d 42: Ches. & Ohio
4* a t 72 a n d 71: do., R. & A, 1st 8- i.s. a t 79 an d so clone;
Chic, (ft E rie 1st Os close a t S2}3'; Gen. Elec. Deb. close a t 77;
F o rt W o rth <fc D enver 1st* a t 83: Io w a C entral 1st 5a a t 76;
Louis. N. Alb. & Chic, consol. Os sold u p to 90;
M. K in, & Tex. 1st la a t 77; R ending g e n eral 4s a t
To1.; : Rio G rande W est 1st 4a a t 6 1 )4 ; Tex is & Pacific 1st 5s
a t Oft ; Iro n Mt. 5» a t 78Jd, closing a t 73; U nion Pacific gold
note 6s Hold a t 86*| ; N orth ern Pacific 1st 6a a t 109 a n d close
Differen'sfrom
1993
Sept. 2.
Free, week.
at lW i\j and consol. 5s close a t 88; C hic. & X. P ac. 1st Ds a t 48.
T
he R eading incom e bonds h a v e been less activ e a t prices
*
§
60.422.700 —...... ..
60,-432.700 60,772,700 fairly m ain tain ed .

XU'ltoi .............
BarpLoa.. .......... 71,5<>4.»0»' .............
07.390,500 64.U7.SOO
Loan* *nfl dtic’t* 400,1)'9,300 Dee.3 , 43-. !O0 *57,101.7*10 400.690,600
Ottettlatkm...__ 9,911,600 lu c.1,131.400 *, t J6.S00 5,462,000
Net deposit*..... 3 7 4 ,0 1 0 .1 0 0 Ine. 8 ,5 3 0 .2 0 0 500.005,200 402,449,400
Specie............... 66.860,5110 Ine .3 ,9 2 9 .6 0 0 70,557,100 98.76 *.000
Legal tenders— 2 5 .0 7 4 .5 0 0 in e .2 ,1 2 3 .1 0 0 55.324,700 51.039,3 00
■Reserve held__ _ 91,035.000 I n e , 6,052,700 134,881,900 100,363.5**0
Legal reseivo.... 94.502,52.', Inc. £32,550 127.251,300 100,712,100
Surplus reserve.. Dfl,567.325 Inc.5,170.150 7,630.500l 9,156,110

F o re ig n E x ch an g e,—S te rlin g ex ch an g e has been du ll m ost
of th e w eek w ith easier rates o n W ednesday, an d a b e tte r de­
m an d , ow ing to low er ra te s for m oney in lion don. But- on
T hu rsd ay , w hen th e B ank o f E n g lan d rate w as n o t reduced,
business becam e dull a n d long sterlin g bills, as well aa C onti­
n en tal, w ere ra th e r firm , w hile dem and bills a n d cables w ere
easy, a n d to-day all bills a re ag ain easy. To-day actu a l ra te s
of exchange are : B anbers'aixty days sterlin g , 4 S3>4@4 83;
d em an d, 4 So’*® 4 g fitj'; cables. 4 85,! tiffr4 87,
Thu follow ing w ere m e rate* of d om estic ex ch an g e on Row
Y ork a t th e R ader-m entioned cities to -d ay : S av an n ah , b u y in g
i i discount, selling
discount @ p a r ; Charleston, buving
}4 discount, selling par? Mew O rleans, bank, $3 00 prem ium ,
com m ercial, $1 50 p re m iu m ; Chicago, 30c, p re m iu m ; St,

Louis, 90c. premium.

R a ilro a d a n d M isc e lla n e o u s S tocks,—T he stock m a rk e t
show ed m uch stre n g th a n d activ ity , w ith buoyancy in prices
a t th e close of last w eek a n d th e first p a rt of th is, b u t th e
pace w as too rap id , a n d th e re h as been som e reactio n both in
prices a n d in sentim ent. T he m a rk e t sta rte d off last week as
if tin* silver p u rch ase a c t h a d been alre a d y repealed, b u t
w aked u p th is w eek to a realizin g eerne of th e fa c t th a t th e
U. S. S en ate is y e t toilin g w ith th a t g re a t question.
The in d u stria l stocks advanced sharply, a n d am o n g these
S u g ar w as th e leader of th e “ u n liste d ,'’’ selling u p to 9 H 3
an d closing a t 91. Lead sold u p to 32}7 a n d closes a t 30%.
C hicago G as, w ith its new- dividend a rran g em en t, lias been
active a n d closes a t 62 , . G eneral E lectric advanced to 49?^,
b u t gold back easily to 43 an d closes a t 4 0 ’, , th o u g h th e
prospect* o f th e com pany, w ith its largo B rooklyn con­
tra c t an d its floating debt o u t o f th e w ay , w ould seem
to be m u ch b etter. The W estern ra ilro a d stocks h a v e now
to c a rry th e w eight o f a larg e decrease in gross earn in g s on
th e toads, b u t this h a s been fu lly discounted in th e ir previous
decline, an d easier m oney w ill lead alm o st im m ed iately to a
la rg e r fre ig h t m ovem ent. To-day th e feeling w as v ery
stro n g to w ard s the close, and m ost of th e list advanced, w ith
Chicago Gas a leader, risin g fro m 01 to Q‘2% in th e la s t h o u r, ,

THE CHRONICLE.

414

[V ol. LYII,

NEW YORK STOCK EXCHANGE —A C T IV E STOCKS fo r w eek ending SEPTEM BER 8 , and since JAN. 1, 1 8 9 3 .
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 e p t. 2.

M o n d ay ,
S e p t. 4.

18**8 20
2%
- l 7e
67^4 68%
*7514
4 6 7e •1678
1 00 1 ( 3
17*4 17%
*130 1 4 0
83
81
___ _
90*4 90%
59*4 62
1 12% 113
99%
99

20%
*2
69
*75%
4 6 7e
102
17%
*130
82%
55

89%
60%
113%
99
134
63%,
33%
*101
36
*72
18%
*61
116
133
10%
30
•%
*2
*%

6 2 is 64%
32*4 3 4
105
*101
36% 37%
76
76
17*4 18
-6 0
*112 113%
136% 137%!
10%
* 10
30
*29
%
■%
*%
1%
85
85
1 04 1 0 4
94
*92
6%
6
‘ 18% 20
16% 17%
68
68
1 1 8 78 1 *9%
93
93
“ 51% 5 7 %
13% i 3 7s
5%
1 1 7 % 118
88% 88%
12% 1Z%
29% 29%
* 1 1 ^ 12%
18%
, 18
• 2 3 % 25
13% 13%
£*57

75

it 9
94%
6
20
18
68
118%
92%
55 7e
14

101% 102

12% 13
60
*55
25
g*22
14% 15%
30
*29
21% 22%
1 95 195
9
*7
& 1 1 78 15
e, 12 34 13
42% 42%
6%
2 2 7s
*13
*23
*42
10

‘ 7%
17*2
1 4 is
46
*2

*10

638
25
17
28
50
10
8
18
14%
46
2
13

5
5
9
8 7a
25
*23
93% 93%
107
* 102
21
21
6%
„ 63s
8%
“ 8.%
32
*25
72
*65
2 2 7e 23%
7
z
7
7=*8 7<%
I 1 5 78 16
^13% L3%
41%
*37
8
'6 %
. 3312
65%
85%
85
*69
*86
553fi
*9
20%
1 23
19%
' 39%
122%
*146
. 29%
69%
5%
9
s 12

33%
66%
87%
85%
72

60%
10
20%
123
20%
43%
23
50
30%
70%
5%
9

13

1 59

160

15

15

29%
60%

29%
81%

T uesday.
S e p t. 5.

O
t"1
fH

22%
2%
70
77
4 7 7s
104
18
140
87
55%
9 0 ,
62%
113%
100%
134
66%
35%
105
37%
80
20%

W ednesday,
S e p t. 6.
21
*2
70
76
47
103%
17*4
*137
85
55%
90
59%
114%
99%

22%

19%

2*2

2*8

70
76
47%
103%
17%
142
8 6 7e
55*4
91%
61%
114%
100%

70
*75
46%
103%
17%
*130
83*2
55%
*90
58%
114%
99
134
65
67%
64
34% 36%
34%
*103 105 * 10 i
37
37*s 39%

19% 2 0
*6 L
117% 118 1 L9%
139*5, 1 3 8 78 140%
il
31
29
29
*4
%
*4
10
*2
12
*%
63
72
87
1 1 0 *108 1 1 2
94% *93% 95%
7
7*,
7
20
21
20
18% *17% 18%
70
67
68
120% 120 123%
93
93
92%
58%
5538 5 7
14% 15
15

122
118 121% 121
87% 89*5,
9038 90%
13% 13%
13
13
29% 29%
30
31*2
*12% 13
1 2 78 12*6
19% 1 9 s
19% 20%
24
28%
25 78 27%
14
13%
14%
14
*60
65
60
70
102% 104% 103 103%
14
14%
135s 13%
6u
60
60
*55
25
25
24% 25
15% 15=8
14% 15
31% 31%
30% 30*2
22% 23%
22
2 3 ts
*193 2 0 0
193 193
*6
9%
9
9%
15
15 %
15% 15%
13% 14
]3% 14%
44
43% 4 4%
43
24%
7
7**
25%! 23%
17
*15%
*25
40
*25
*41
42
51
11
11
*9%
734
7%
8%
20%
18
19%
14% 15
1 5 78
50
4 7 % 47%
£2%
2 7s
w
13
13
13%
65s
24%

*5
9%

*23
*96
*102
*
6%
7
*25
*65
2 3 78
7
7 78
16%
13
41%
*6

6
9%
26
100
107
21%
7*fl
8*51
32
75
24%
7*5!
8
17%
1338
45
8

3 3 78 35
70
63
90%
36
8 0 % 90
72% 73%
90
90
58% 63%
9
10
22% 25
1 24% 126%
19% 22%
42% 47%
122% 23%
[3C
60
30% . 32*s
71
72
5%
5%
10
10
13% 14
60% 61%,
162 " 1 6 5 "
73
73
15
16%
29
80%

40
6

24%
7*2
24%
17%
40
42
11
8%
20%
16%
50
2*2
13%
40
6

24%
*95
105
20%
7
7%
*95
*65
23%
7 78
7 78
1668
13
43
*6

9%
24%
100
105
20%
7%
7 7s
32
75
24%
8
8
17
13*8
44%
8

3-1%
68
88%
87%
73%

35
68*4
91%
89%
73%

62

64%

9*4

934

10

24% 2 4 78
L26
126
20% 21%
45% 49%
122% 2 3 78
£60
60
30% 32*8
70
71%
5%
5*8
9% 1 0 %
14
1 4 78
61
165 167 ’
*73
15
1 5 7s

30
34
83%
82%
" T h e s e a r e b id a n d a s h e d ; n o s a le m a in ,

34
83%

S a le s

T h u rsd ay ,
S e p t. 7.

19
*63
116
138%
10%
30%
*%
*2
*%
71
*108
92*s
*7
20*2

k

18*2
*66
120*8
*92
55%
15

STOCKS.

F r id a y ,
S e p t. 8.

2138
2%
70
76%
47*4
104
17*4
140
85%
55%
92
60%
114%
99%
134
65%
35%
105
37

19%
2*4
68
*74
46 >4
104
17
*130
83%
55%
91
58%
114
«86s
1 34
63
33 78
*10 L
36*a

20%

18%

21%
2*.
69
75%
47%
105
17*4
140
85%
55%
91%
61%
115
1O0
134
65%
35%
105
37*s

W eek,
S h ares.

A c tiv e I t I t . S to c k s .
A tc h iso n T op. & 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 o iflo .........................
C a n a d a S o u th e r n .......................
C e n tra l of N ew J e r s e y .............
C h esa p ea k e & O ., v o t. t r . c e r t.

120% 125 M a n h a tta n E le v a te d ,c o n s o l..
89*4 89% M ichigan C e n tra l.........................
1 !% 11*3 M in n e a p o lis & S t. L,. tr. r e c ts
30
30
31
Do
p r e f ., tr . r e c ts
31
1 0 % 1 0 % M issouri K a n s a s A T e x a s ___
*11% 12%
19%
20*
19
Do
p re f.
19
25% 26% M issouri P a o iflo ...........................
24% 2638
13% 14 M obile A O h io ...............................
*13
15
*58
70 N a s h v . C h a tta n o o g a A S t.L ouis
*60
70
101% 102% 101% 102% N ew Y ork C e n tra l A H u d s o n .
13% 13% N ew Y ork C hic. A 8 t. L o u is ..
1368 14%
57
57
*53
Do
1 s t p re f.
59
25
25
Do
2 d p re f.
*23% 25
14% 15 % N ew Y o rk L a k e E r ie A W est’n
14% 15
30% 3o%
32
*30
Do
p re f.
23 6S 25% N ew Y o rk A N ew E n g l a n d . . .
22% 24%
195 195 N ew Y ork N ew H a v . A H a r t.
195 195
*8
9 N ew Y ork A N o rth e rn , p r e f ..
'7
9
14% 15 N ew Y ork O n ta rio <sz W estern
1 4 7s 15
14
14% N ew Y ork S u s q u e h a n . A W est.
14
14%
45
45
Do
n e w p re f.
44
44
N o rfo lk A W e s te rn .....................
24k» 24%
7*4
7
8*4 N o rth e rn P a c if ic .........................
7%
23% 24%
Do
p re f.
23% 23%
*13
18
*25
40
*25
40
*40
41 O re g o n R ’y A N a v ig a tio n Co.
*42
44
*9
11 O re g o n 8h. L in e *fcU ta h N o rth
*10
11
8*3 P e o ria D e c a tu r A E v a n s v ille .
9
8*3
8%
18%
19% P h ila d e lp h ia & R e a d in g ..........
18% 19%
153i *15
16 P it ts b u r g C inn. Chio. A S t. L .
15
5L
51
50
Do
p re f.
50
2 % Rloh. A W. P . T e r’l, tr . r e e ls .
12*4
2%
+2*4
*12
14
Do
p re f., tr . r e c ts .
13
13
120% 122
90
90

*5
9*4
27
*95
104
20%
7
8
*27
*67
22%
8*3
8
16%
12%
*42
*7

34%
63 %
89%
87
75
91
6 3 7s
9=8
25
127
21%
47%
*2%
60
3 1%
70%
.*>%
10
14

32%
67
87%
86%
74
*88
56*4
*8%
24%
127
20%
43
121*3
{61
29%
70
5*4
10%
14

165

167*4
*74%
134

33
68
87%
86
74
*88
59%
9%
24
127
20%
44
£22%
i6 0
29
70*8
5%
10
14
*63
165
14*4

31
81%
x E x d lv .

14%
31
83

30%
81%

L o w e st.
12% J u ly
1 % J u ly
5 i% J u ly
66 J u ly
34% J u ly
84 J u ly
12% J u ly

C h icag o B u rlin g to n <fe Q uincy. 6 5 ,8 2 2 6!! *4 J u ly
1.100 51 A u g
C hicago & E a s te r n Illin o is —
Do
p re f.
9 18 »5 A ug.
C h icag o M ilw au k e e & S t. P a u l. 15 9 ,8 8 8 463ft .July
Do
p re f.
687 100 J u ly
C h ic a g o * N o r t h w e s t e r n ........ 11,962 84% J u ly
3 60
C hioago R ook I s la n d <fe P a c i flo. 4 7 ,4 2 8 51% J u ly
C hioago 8 t. P a u l M inn. & Om. 13,341 2 4 J u ly
Do
p re f.
9 4 A ug.
4 ,0 1 5 25 J u ly
C leve. C lnoin. C hic. <fc S t. L . . .
35 7 6 J u ly
19% C o lu m b u s H o c k in g V al. & T ol.
5 ,9 1 5 11 A ug.

116% 117% 118% D e la w a re & H u d s o n .................
139% 138*4 139% D e law a re L a o k a w a n n a A W est
1 0 % *10% 10%
29% 30
30%
Do
p re f.
%
38 E a s tT e n n e s e e e V a. A d a ........
%
12
*3
12
1%
80
80 E v a n s v ille & T e rr e H a u te ___
75
109 110 G r e a t N o r th e r n ,p r e f .................
112
94% 94*4 Illin o is C e n t r a l............................
95
*7
8 Io w a C e n t r a l................................
8
21% 21%
206s
Do
p re f.
18 L a k e E r ie & W e s te r n ...............
18*2 *17
69
*67
67%
Do
p re f.
1211s 122 123% L a k e S h o re & M ich. S o u th e rn .
9$
95
95 L o n g I s la n d ..................................
57% L o u isv ille & N a sh v ille ..............
5 5 7e 55
*14% 15 L o u isv . N ew A lb. <fe C h icag o ..
15

5%
5%
8%
9
*24% 28
*95 100
1 0 4 104
20% 20%
6%
7
8%
32
*25
*65
75
22% 23%
“7 78
83s
*7%
8
16% 1 6 7e
13
13
*42
44
8
*7

7 2 ,0 9 1
210
2,345
2 20
3 ,9 6 7
2,955
5,375

R a n g e o f s a le s In 1893.

6
9*4

27
100
1 04
20%
7
8
32
75
23%
8%
8
16%
13%
44
8

S t. L o u is S o u th w e s te r n ___
Do
p re f.
S t. P a u l A D u lu th .......................
Do
p re f.
S t. P a u l M inn. A M a n ito b a ...
S o u th e rn P a c ific C o ............. .
T e x a s A P a c if ic ................ ..
T oledo A n n A rb o r A N. M ich.

t f i r s t in s ta lm e n t p a id .

31 36% J a n .
25
53ft A pr.
27 97 78 J a n .
27 90% J a n .
27 58% J a n .
26 132% J a n .
26 26 A pr.

16
29
24
16
16
21
6

26
21
17
26
26
26

21
25
23
23
23
1
20
23
9
3
23

103%
72%
105
83%
1 26
116%

Jan .'
Jan.
Jan.
Jan.
Jan.
F eb.

3L 8938
28 58%
23 121
26 60%
21
2 32%

Jan.
F eb.
F eb.
Jan.

J a n . 19

3 ,2 8 7 102% J u ly 26 139 J a n .
1 2 ,8 8 2 127 J u l y 27 156% J a n .
5 00
1,465 2 4 J u ly 19 o7 % J an.
200
% J u ly 3
5% F e b .
35% F e b .
2 J u ly 7 11% Feb.
4 ,6 1 6 6 3 S e p t. 6 152 J a n .
750 1 00 J u ly 27 142% F eb.
2 69 86 J u ly 18 104 J a n .
1,2 0 0
5 J u ly 25 11 J a n .
6«0 12 J u y 27 37 J a n .
1,162 12% J u ly 27 25% J a n .
9 60 53 J u ly 31 82 J a n .
9,6 1 5 1 04 J u ly 31 134% A pr.
410 9 0 J u ly 27 118% J a n .
2 5 ,7 4 3 47% J u ly 26 7 7 3g J a n .
3,7 3 8
8% J u ly 27 27 J a n .
100
8,1 1 6 100 J u ly 26 174% J a n .
450 7 9 78 A ug. 211108% A pr.
1,005
6 A ug. 3 || 19% J a n .
1,2 0 0 18 J u l y 31 ji 49 J a n .
15
8 J u ly 19 1 6 J a n .
2,540 13% J u ly 27 283s J a n .
3 1 ,361 16% J u ly 26 60 J a n .
1,060
6% J u ly 26 3 5 7e J a n .
60 55 A ug. 14 9 0 A pr.
5,6 2 8 9 2 J u ly 26 111% J a n .
1,020
9% J u ly 18 20 J a n .
1L5 4 5 J u ly 26 78 J a n .
7 5 0 18 J u ly 26 41 A pr.
1 0 .880
7% J u ly 2o 261*8 J a n .
6 8 a 15 J u l y 26 58 J a n .
2 5 ,2 1 6 16% J u ly 31 52% J a n .
4 90 193 S e p t. 6 262% J a n .
50
8 a ug. 3 1 38 J an.
2,6 7 0 11 J u l y 18 19% J a n .
3 ,5 8 L 8 J u ly 27 2138 J a n .
2,5 3 8 31 A ug. 18 U7338 J a n .
9% J a n .
175
39% J a n .
1 4 ,875
3*4, A ug 19 18% F e b .
6 ,3 6 4 15% A ug. 16 50%! F eb.
11 J uly 2 > 25 F e b .
49 J a n .
6 3 2 A ug. 2 L 84% J a n .
300
7 A ug. 2 25 J a n .
2,640
4 J u ly 26 18% J a n .
2 8 ,7 4 9 12 J u ly 29 53% J a n .
2,2 4 0 11% A ug. 2 21% J a n .
650 40 J u ly 27 62 J a n .
t% A u g . 10 || 12 F e b .
8,3 2 5
525 10 A ug. 21 [143 F eb.
16 M ar. 16 22 J a n .
40 4 0 S e p t, 6 62% J a n .
7% J a n .
3% J u ly 31
450
6 J u ly 26 15 J a n .
1,5 3 0
3 00 2 3 A ug. 19 47 % J an.
1 00 9 0 A u g 24 108 J a n .
295 95 J u ly 27 116% F eb.
1,300 17% J u lv 3 l 35% J a n .
4% J u l y 28 11 J a n .
1,1 0 0
7 A ug. 9 40% J a n .
1,9 0 0
22% A ug. 29 50 J a n .
7 0 J u ly 25 85 J a n .
1 4 ,6 3 0 15% J u l y 26 42% J a n .
5 J u ly 26 18% J a n .
1,276
5% J u ly 3 L 12% F e b .
975
7 ,1 5 0 10 J u ly 27 26% F e b .
1,215 10 J u ly 26 23% J a n .
1,140 31 J u ly 2 7 67*4 J a n .
4% A ug. 16 15 % J an*

Do
p re f.
U n io n P a o iflo ...............................
U nion P a c ific D e n v e r A G u lf.
W a b a s h ............................................
Do
p re f.
W h ee lin g A L a k e E r ie .......... ..
Do
p re f.
W isconsin C e n tra l C o ................
M is c e ila iie o u a S io c k n .
7,341 2 1 J u ly
35 A m e ric a n C o tto n O il C o ..........
1.86» 50 J u ly
69
Do
p re f
91 A m . S u g a r R e f.C o ...................... 1 83,611 61% J u ly
87%
Do
p re f.
3 ,3 9 9 66% J u ly
3,4 9 9 4 3 J u l y
76 A m e ric a n T o b a c c o C o ..............
9L
10 > 7 5 J u ly
63 C nioago G a s Co., c ru s t re o ’ts . 1 71,048 3 9 J u ly
1,450
8 % A ug.
9% C o lo rad o C oal A I r o n D e v e l..
4 ,7 0 0 L7% Aug.
26 C o lo ra d o F u e l A Iro n ............
1.449 108 J u ly
128 C o n so lid a te d G a s C o .................
22 D is tillin g A C a ttle F e e d ’g C o . 3 3 ,737 12 J u l y
47% G e n e ra l 'E le ctric C o ................. 9 1 ,2 4 8 3 0 J u ly
7,1 0 4 17 A ug.
26% N a tio n a l C o rd a g e C o., n e w .. .
304 t 22 A u g .
Do
p re f.
61
30% N a tio n a l L e a d C o ....................... 15,863 18% J u ly
2,2 5 3 48 J u ly
Do
p re f.
71
6,0 9 2
2% A ug.
5% N o rth A m e ric a n C o ...................
O regon Im p r o v e m e n t C o ........
1,430
12
8 A ug.
4,4 6 9
14 P aoiflo M a i l ..................................
8% J u ly
1 7 ,0 0 "
1,323 132 A ug.
167*4 P u llm a n P a la c e C a r C o ............
S ilver B u llio n C e r tific a te s ___ 2 1 ,0 0 0
8,620 10% A u g
15% T e n n e ss e e C o al A I r o n ............
Do
p re f.
59 J u ly
817 17
A ug.
30% U n ite d S ta te s R u b b e r C o ........
,7l«.Tnlw
7 1 ,8 4 4
as**1Wear rn ' Tiion l*-]egr*nh

U O ld c e r ts .

H ig h e st.

1 2 d in s ta lm e n t p a id .

26
28
31
31
31
31
31
29
15
27
31
29
25
23
27
26
16
28
27

51% M ar.
84 Feb.
134% F e b .
104% J a n .
121 J a n .
110% J a n .
94% J a n .
25% Feb.
72 F e b .
144 J a n .
66% J a n .
114% J a n .
||147 Feb.
118% J a n .
52% J a n .
96 J a n .
11% M ar.
2 1% F e b .
27% J a n .

1 2 06

A pr.

10 3738
31 102
17 60%
26 lO l

Jan .
Jan.
A pr.
l«.r

27
27
511
23
4
3
3
12
7
25
25
16
14
18
8
21
21
14
16
13
8
14
16
25
16
21
5
18
25
17
23
5
25
24
17
18
24
20
23
23
10
23
14
6
1
25
23
16
21
25
24
24
3
6
25
28
18
18
18
30
14
16
19
31
17
7
27
16
9
7
17
17
23
3
14
6
19
3
3
21
7
14
20
3
16
10
20
21
20
29
3
2
8
12
14
14
31
18
f‘ 0

THE CHB0N1CLE.

S eptember 9, 1893,]

4L5

NEW YORK STOCK EXCIITNUE PRICES (C ontin u ed l—IiV llC T rPE STOCKS.
(% Indicates actual sales.)
Sept. S. Range (sates) in 1893.
Sept. 8. Range (sales) in 1893.
I n a c t iv e St o c k s .
I m a c t iv e S t o c k s .
Lowest.
Bid.
Ask.. Lowest.
Bid. ; Ask.
1f Indicates unlisted.
Highest.
ITIudk-ates unlisted.
Highest*
14 May 14 May
Toledo Peoria & Western........ 100
R a ilro a d Stock*.
8 May 17 Jan.
Albanv & ea.ojueliauna........... 100 155 ........ 150 Aug. 165% Feb. Toledo St. L, A Kansas City 1!.......
Virginia Midland........................100
Belleville A South, III, pref...... 100
Boston & N. Y. Air line pref.,100 ....... !.......... i 98 May 102% jan,
M iaeellaueona Stocks,
BroaHy-u Elevated • .............. 100 18% 19% 19 A; v. 41% Jan.
21% Set.!. 37 Jan. Adams Express......................... 100 }140 142% 134 Aug. 160 Jan.
Buffalo Eoeliester & Pittsburg. 100 lilt) 2i
: 75
J u ly
48
86% Jan. American Batik Note Co U............. 43
Preferred...............................100 ____ ;
100 " Aug. 120% Feb.
Burl. Cedar Rapids A Nor........ 100 so ........ ! 45 July 65 J an. American Express.................... 100 U07
65% Aug. 92% Feb.
80
Central Paoitle.........................100 2 0 % : 2 1 % l t ; % j u l v 29% Jan. AJttter. Telegraph A Cable............. 100
4 Juue 9% Apr.
135 July 157 *s Jan. Brunswick Company.................... 100)
.................
Cleveland & Pittsburg............ SO 140
4 July
80 May 108 Jan.
9% Jan. chic. June Ry. A Stock Yards.100; ......
Des Moines is Port I Helve........ 100 5
93% Jau. 93% Jan.
22 Feb, 24 Mar ! Preferred................................... 100
.................
Preferred.........................
10015
99% July 109 Jan.
74
5 July 14% Jan. ilCitireos'Gaa of Brooklyn...... 100; .....
Duluth Ho. shore A Atlantic II .100
11 Juty 32 Jan. Colorado Fuel A Iron, pref......loo ....... 90 80 Juue 111% Jan,
Preferred T............................10O 18
9
15 15% July 23 Jan. Columbus A Hocking Coal........... 100 ;
5 July 29% Jan.
Flint Sc Peru Marquette........... 100
180 Feb. 185 Mar'
100 ......
45 Aug. 77% Jan. ; Commercial Cable.. ......
Preferred...............................100
Consol. Coal of Maryland............. 100
23
30 26 May 31 Jan.'
Georgia Partite T ................... 100
71% Aug. 131 Feb.
5 July 11% Jon. Edison Electric Illuminating... 100 I 95%
Gr. Bay Win. A- dt P tr. rec. ..100
40 Aug. 71 Jan.
l l June 29% Jan. luteriot Conduit A Ins. Co...... 10O ........
Preferred trust rece*.............loo
9% Aug. 26 Jan.
2% Aun. 7% Star.
1.
. i o n : 14%
Houston A Texas Central........ lOo 2
80 J uue 91 Feb.
6055 46 Aug. 74% Feb.
Preferred....................................100
Illinois central leased tines----100 88
12 11 May 14% Jan. Lehigh A Wilkesbarre Coal 1;....... ......
25 J.tu. 25 Jan.
Kanawha A Michigan............. It 0
Maryland Coal, pref......................100
50
65* 55 Aug. 67 Apr.
Eeokuk A I>« Moines............. 100
97 May 106% J»n.
Preferred.......................
100 ...... 10 July 28 Apr. Micbieau-Peninsular Car CO...100: .......
Preferred,
...................... ,100 ......
77% Aug. 100% Jan.
9 Aug, 27 Mar.
Xxmisv. Evansv. A St. I>. Cons.lt>*);
61 Mar. 69% Jan.
Preferred..............................,100 ................ 47% Feb. 49 Jan. Minnesota Iron.... ...................100; ....... 60
14% July 41 Jan.
Lou. N. A. A Chic. tr. »e*».. 100. ii%; 15% s July 15% Sept- National Linseed Oil Co............ 100 ; 16
Mahoning Coal........................ 50 ....... .......TOO Mar. |100 star. National Starch Mfg. Co................100 9% 10% 6 July 34'% Jan
6 Aug. 11% Jau.
Preferred.............................. 50: ....... ......... 105 May 105 May New Central Coal..........................I00| 7 10
9 July 19 Apr.
Ontario sill er Mining.................. 100 .
9
Mexican National.................... 1O0|
Morris A Essex........................ 50 141% 141% 180 \u*. 163 Mar. Pennsylvania f oul ............... 50 225 275 260 June 300 Mar.
........................
9
9
%
A
u
g
.
114
Juti.
P.
Lorillnrii
Co
pref......................100
.....
N. Y. Lack. A Western............ 100.
Norfolk A -outhsra................. 100; 47 ......... 5 0 J u n e 60 Feb. ;, Postal Telegraph—Cable If............ 40 60 82 "Feb. 83% Feb.
13% May 16% May
Peoria A Eastern.....................10tr 5 ......... 3 A uk . 9% Jan. Pullman Paine* Car right*............ ; __
Pitt*. Ft. Wayne A Chicago--- 100; 138 ;...... 140 July 156 Fell. Quicksilver Mining....................... 100 1% "2% 2 Mar. i 3% Feb.|
12 Mir. 20 Feb.
27
30
25
Aug.
42%
Apr.
<
............................
100
......
Pitt*. A Western pf................. 50}
s July 13% Feb.
Renwelaer A Saratoga--- ----- 100 160 ....... 150 Aug. .179 Feb. Texan Partite LandTrust............. 100...
45% Aug. 70% Jan.
-100
50
103
105
;
99%
Aug.
112%
Jau.
55”
Borne Wat.A Ogdem-burKb--- 100;
70SO 51 Aug. 99 Jan.
8t. Louis Alton A Ter. U»uto,..10o ...... ....... 20 AUg. , 37% May i111. 8. Rubber preferred.................100|
....... :........ I5<| July 150% Mai Well.. F„rc» K5.lT>'-.................. 100
130 125 Aug. 150 Apr.
Preferred....................
,100
! A c t u a l s a le s .
' No price Friday; latest price this week
NEW YORK STOCK EX( UAMiE ClilCES.-AT.-l'/'A' BONDS S E P TE M B E R S.
Bid. Auk.]
SECURITIES
J Bid, A»k. ’
SEI-UBITIFS.
SECURITIES.
Bid.
97
j
New
York—
0e,
l
oan............
1893:
.....
S.C.
(oo
tit.)—
Brown
ooiiBol.6a.1893
Alabxmw—Cl«lh A. 4 to S...... 19<M>
North Carollntv—««. old.........JAJ 30 ....... Tten.n®»#ee 0$, old.___ 1892-1898 60*
ClaimB* 5# . .. . ------.,,.,...1808 .....
n tu aC .i* ... ...............19-161
...
60
BO
New iMind*. J A J ....... 1883 1888 15
New settlement, 6» — ___ 1913
Currency funding «».......... ib-U
5
5*..................................1 9 1 3 *8*5*
Arksmus^-ee. fnndLHoLl 899-1900
Chatham K B ............................
1
ll. N--n flulford
3s....... ............. ......... ...1913 69
6 ........................................1819 ........
100
95 Rhode 1eland—6*. ooa . 1803-1894 ......
Mt*w conol#, 4#........
1914
6*1, connolidaiod, 2d eerie#, recta.
ftou.ti* Carolina—**, non*fond.] .088i 11«
Hluotsrl - Fund............ 18B« t!-95 Loo"
«a* deferred Fat rao't*. atamped.
‘ New York C Itj Bank S tatem en t for the week ending June
10, 1883. is aa follows, H'e oaitf two ciphers tOO) in all eases.
BiKSc
C a p ita l S u r p lu s L o a n * . Kpec\e. Legal*. D tp o n ilg ,
tOOs o m itted.1

B an * o f N e w Y o rk .. 2.»o©,i
M a n h a tta n C o .------ 1 2 ,0 9 6 ,0
Merchant*1............ 2.000,0
M ech an ic* 1................ ...........
A m e r i c a ..,................‘ 3,000,0
P h e n ix .................. 1,000,0
C ity ................................ l.v tto .t

!S $
Merchant** Each***; _ Wf,0
dftUatla
l>poO(0
B a tc h e r * ’* U f B tW ]
aoo,o
M eeh an tr#* A Tt*A>m
4
204.0
G r e e n w ic h .... . . . . .
000,0
L e a th e r MJkmxtm'm*
300.0
S e v e n th N a tio n a l..,;

S t a t e o f N e w Y o rk , 1,200,0
a m e r tc a s E x e h ’g e - 5,000,0
5.000,0;
JrOUO.0

Oammmrm..,..** «...
Mtm&mmj............!
liStCMBmk*
I

1,0 0 0 ,0

422,7
P a c i f i c . . . f
B e p a h l t c ...... . . — *; 1*500,0
450.0
200.0
P e o p le ’#____ 1 _____
700.0
N o r th A m e ric a . —

s
2,6*7,2 ll.lo .0
12.677.0
1,013 *
r>,277,<^

2,120,7
2,257,0
470,3

i,l3»*,4
459.0

943,8

825.7

ijll;!
318.8
471.2

500.0

277.8

Continental......... .
Oriental...... . ......

760.0
500.0

298.5
824.5
151.8

1, 000,0 l,2 S 3 ,e
1, 000,0

T :i

8.284.2
8.244.0
13.799.2
3, *28.0
10.280.3

1,448.7
478.0

271,4

7.103.0
2,99 h. ij
8,800,8
8.148.0
1.990.7
5.151.8
13,002,4
2.875.0
2.684.3
2.070.4
4.170.1
2.201, i
2,6?0,O
7.838.2
8.004.0
1.812.1
20.540.0
21,053,7

II!:!

1,6,1.1
<W«,0
l«a.l
371.7

Sta.i
'ItJ.U
471.2
IFF.'.
3 .5 .0
l."4».“

m

431.7
300.0
4.253,0
im p o n e r n ’ A T r a 4 ’# 2»5OO(0 5,708.3
2,OO0.ii 3.094.1
P a r k .... . . . . ....... .
0,018.5
350.0 114.8 1*097,7
98,5
■E i r e ? ..
Fourth National.,..: 9.200.0 2 , 022,8 16,3-08: 3*808.1
808.1
7.096.0
C e n tr a l N a tio n a l.. . . : 2.000,0
« I3 ,0
5.0 H, 0834.0
631.1
300.0
S e c o n d NatiM-nai— .
348*8 3.080.3 485.0
750.0
K in Ih N a tlw iiai..... *;
500.0 7,230.0 20.602,3 1,4 -5,2
F i r s t N a tio itm ....
130.2
5.050.8 1.107.5
T h Ird S ta tio a a l. . . . . . 1,000,0
300.0
188.8 1.4
80,2 00,4
N .Y . N at. EXehatfcge;
270.0
B o w e r * ...,..., ____ t
540,*| 2*660.0 61H,o
200.0 559.8 3.198,1
700.0
N e w T S * C o u n ty ...
9 ,5 Hi,7 j
311,*
317.8
0 e o n an- A m m m u , . ■ 760.0
50 0 .0 1408,7 s lo,S>«8,0 3,2-40,1
C h a m 2t ftii*«o*t» .. -*
084,0! 5,481,11 986.7
f i f t h Aym a - I
163, .4
G erm an E xchange*..
200,0; 689.2 2358*1
680.2
200,0
2.810,4!
G e r m a n ia .. . . . . . . . . . . .
3.12.7
5o«,0
4*852,8 1,339,8
6*3,5
B ttU eft S la t e # ........;
5.205.8 679,8
li in c o i n ,........ ****..;
300.0 4m,0
481.1
© effleM
200.0
4 .0 10.9 1.183.5
200,0
F if th N a tio n a l . . . . .
270.4
1.801.0
n it
5.000,8 865.0
B a n k of th e M e tro p
3**o.o
200.2
W e a i.H M s ...........
2 ,2 9 r.O
3 0 0.0
418.0
234,21 3.784.0
600.0
Seaboard
.....
3 5 0,0 j 1.711.0
200,0
S i x t h N a tio n a l.
sis#
280,2
W eegen* N a tio n a l.,. 2.100.0
8.525.0
F i r a f m r n L .B f l l f n .
4*617,8 ! : i ^ |
9v0,0
465.5
2,058,5
Wuu *her» N*a tin n a l.. 1,000,0
m

100.0

rnmi,

f

9 .880.0
13.578.0

t.bMJ 16*469,6 0*042,1 i m ..
205. &
2,6 303,4 301.3
7,221.4 23,350,0 4.960.0 2.097.0
i« e ,o
823.4
463.2
3.443.0
1.5SM 5,89 »,7 744,7
310.3
umt» |it:l
441.1
217.0
385.0
168,2
132.3
179,0
t3,101,9
s*
380.1 242.3
570.2
121,b 1.692.2 262.3 184.1
50*%,2 3.305.2
57.8 495.4
2,273,0 18.753.0 1.016.0 1*234.0
3,804,3 18,810*1 1,625.9 1*666.4
6,tM)4,d 1.018.3 478.8
1.814.1

Hanover,.
1x000,0
500.0
ClttwnV...... ...... 800.0
Naanim . ........ 5 0 0.0
M a rk e t A F a ll o n ...
S t Jfiehoia#
S h o e A. .L e a th e r ....,
C o ra S x c h a t ig e .. . . .

8.173.0

14.459.1
3.035.0

•

1.770.0
1.342.0

6 0 .4 a 2 ,7 ’71>g q 4 ,S ,i l M

643.8

010.8
1.082,5

800,0

423.5
1*252,1
333.9
417.8
440.9

309.4

389.2
574.0
837.0

481.0
604.7
3.398.0

2*191.0
242.3
794.0

901.0
724.0
829.0
2.837.1
2*3.4
228,2
392.0
87.4
385,b

iP?:I
1,8.12,5*

2.605.0
1.138.4
2.5 3 2 .8

1. 731.2

2.483.6
19.121.0
11.003,6
4.300.6
6.507.5
3.383.9
10.434.2
0,237,2
2.187.2
4.745.3
14,524.9
2.546.0
2.075.8
2.871.5
4.151.0
2.340.4
3.103.0
7.470.3
4*389,4
1.670.0

a/.Hi.o
2.5*145,0
906,2
15.010.3

ktm

17,701,5
5.236.0
1.300.3
3.266.0
3.553.5
2.300.8
1*082,1 19.246.0
S»8,2f 8.157.5
3.224.9
604.5
3.265.9
364.8
6*i 8.n 4
471.5
1*208,3
0.
5 ,2 0 1.,«1
442,*
202*6 2.040.0
79 5,9 6,0*;* ’,5
’JYC.0 2*526,0
4.213.0
817.0
192,>

687,'

237,8
237c
300,2

1,

3 .8 9 8 .5
4,-848,0
2 .258.9

*0.3*6»,5 OM 49 ,8 CO 4 1 8 . ^ 5 , 6

•N O T It—No d etailed sish em eo lh a# been issued since J a n e 10,

New Yorli City. Boston and P h ila d e lp h ia B an k s:
Ba n k k

(MpUai M
S u rplusu |

*
N . Y o r k .*
A l.g .^ 5 .. . 132.017.5
132.017.5
” i p . : . . 132.017.5
** 26 . 132.017.6
S e p t 2 . . . , 132,017,5
fie a io n /
A ag . 1 ^ .... 0 4,642,9
” 20 ..
m pt 2 .
64,642,0
A ug, l i t . , .
** 2 0 ...,
S e p t t.* ..

* Wt&mil

Loan** ; SfhKit.

IsS^aU.

£kpo*U$. f Clrc'Vn Glftirinw.

t
$
#
403,717,5 5 5 ,9 2 0 ,8 23,288,7 872,145,2 8.802,9
11 :,795,7;63,024*8;22,880.7 8 7 2,203,6 7.033.0
406.640.2 5 8 ,3 5 2 ,8 2 2,177,0 dia.mn.i 7.738.2
4 0 *,007,4 02*030,8 22,851,4 3 7 0,479,9 8.780.2
400.169.3 6 0 ,8 6 0 ,5 26,014,5 8 7 4 ,« l0 ,l 6,011,8

115 U 7 ,8
3 0 4 ,3 2 4 ,8
408.937.1

8 .101,8
8.602,8
8,819.4

8 0 ,5 7 3 ,5

1 4 9 ,8 0 7 .2 j 8,807,0 4,101,0
! 48.406,5! 7.090,1- 4,288,1
150,097,8 7.280,11 4,191,6

35.793.7 102.485.0
35.793.7 1 0 2.411.0
3A,703,7 l»M,740,*4

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

m c ip h e r * t n a l l th t* € jlq * r t * .

Ampblrn* th e ite m ” d o e to o t h e r h an k * .”

550.860.1
448,827,4

0 2 ,1 1 0 ,7

66,046,0

9 3.720.0 4 ,7 1 1 *0 5 0 .7 9 9 ,5
9 3 .434.0 1 ,8 4 8 ,0 4 7 ,8 0 6 ,1
9 3 .4 2 3 .0 5 ,0 7 4 ,0 * 3 9 ,5 3 3 ,8

t in c lu d in g , f o r B o sto n a n d P h il* '

YtlAcellaneoas and U nlisted Bonds.—Stock E x. prices.

Bond#.

C h, J OMJk 8 , Y d a —O o i.L g ,5#
< oimtuhi Fuel—lie n . 0 # . .. .. ..

C ot A Hack. Co At a i.
g.
C esaoPitC oal—ConTert. 6 b ..., . . . . . .
C o n a ita # C o .Cfiie.—l # t g u , 5 # :
l>»OV.C. W at-W scd .-M cn g.-y-i

72^6,
.....

S e t G a#coa. l e t
88##0 .
Eaet R is e r a m im% g. 5« ,
0d»|h.
mirnrn Elec. lit. C o .- l# t 5a J 10*2 V.

E q a i t a h k G . & F .—1 st 0 * ___

H enderson B ridge—l e t g, 0a.
Rohokeu Land A
5e'

■1 - --

M nioal U oiottT elejr.—0*.
-1 0 1 b.
NaUonRl i t a r e ’J Mfg.—lets# .!' 92 a.
Northwe«t«;>ra. T elegraph—In.

5 T W ceH an eo t* w B o n d # .
P e o p io ’a d m A Q. i l e t g . 0 e .
Co , C h ic a g o . . . > ‘-*<1 g. 6«.
I’loan. V alley C oal - 1 s t g. 08.
P r o c te r
G ain h ie —l » t g . 8a
s sn u d a y G reek C oal 1 st g Oa..
W o iU jrn U n io n T eleg .—. .
W heel. L .E k tP .C o a l l a t g 5 «
Honil*»,
A la. A v td k e .—C oneot. 5a, g .

94

vioka. A v ie rld -let 6# .......

A lla n la A C h a r t —l e t 7 s . . . .
C orn-nook T a n tie i—Unx 4 # ..

<ico. Pm—let Hn a, eitn......

- . g ....

2 4 m a r t. In o o m o .............. . .
O onsol. tun, *t. i:tf» . . . . . . . . .
In c o m e 5 s - e l f s . . . . . . . . . . . . .
M«jm n k C U arieiW a—C oo. 7 g

5
90
28 b .

N*oT&. ” 6” m diaate# p ric e i a ; ” « ” p ric e atked, * L a te s t price th is w eek

Bank Stock L ist.- -Latent pricen of hank stocks this week
B A i> *Sn*

tiia .

ASK.;

AmeriCit.. . . .
Am. U tc h .--

•205
148

B road way .,,
Butch-*’A D r.
Central .....

m

Chatham----enty..
400
G iih & m * ____
Coittfttbte....
39 3, a
Oointueree.,. 170
Oc.ntiijent.Al.
C om B.xo h ..
Deposit-,____
Rest H irer..
1 ith
W arn ... 200* *
x57<,a
Ftm i A ve .. .
Fifth.............
First. .. .
——
14th S tre e t,,
f o.m ii

L.

BAN fia.

Ha*i, H ire r..
— 'I lo t . 3s T ra d V
Ir v in g . ....

.. .

BIO,

Adh.

B A S tL iS .

Bl(l.

ABX

Malifttm........ . . . . . . ........ N*. V . Co'nty ....... ........
J?. Y. vat. lti*
: <jiirtlehl........
Cermati A m .
i 19tii W ard..
i German E x..
N. A m erica. ......... .........
G erm ania....
Greenwich ..

......

Park... . . . . . ........ 305
P h e a ix____
.........

.. ..
L incoln
M anhattan.. 180
Scab c a r d . . . 173
See©nd . . . . .
'
.
185*' Seventh
Mechauioe’ ..
Biioe.fe Le'th
M’ehs* A Tra*
3L Nlolio A*.
Korean t il e ..
S ou th ern ..
M erchants'.. . . . . . .
M* ndi’ ts Ex.
T u ir .:. ......
H etrojw lk .a
Trade#
ML M orris.. .........
.Munay Hill
105
W eeiern
W«*ef Sble
i vww Y«*rk-..

......

ixA P
115
m
. .....
--

THE CHRONICLE

416

[ Yo

BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGES.
Nbare P rice* — n ot Per Centum Prices*

A c tiv e S to c k s.

A tc li. T. & b. F e (B o s to n ). lO i
A t la n t ic & L ao.
“
100
B a ltim o re & O h io ( B a lt .) .1 00
1 s t p re e r r e d
*•
100
2d p re fe rre d
**
100
P a ’tim o r e T r a c ’n .(P h il.). 25
B o 3 to n <feA lb a n y \B oston
B o s to n & L o w e ll
"
B o s to n & M ain e
“
C e n tra l of M ass.
“
P referre d
“
C hic. B n r.& Q u in .
“
C love. & C a n to n
P r e f e r re d .. . .
F it c h b u r g p re f.
H u n t . & B r. T o p . (
P r e '‘e rre d
L e h ig h V a lle y

N. Y. & N. E ng.
p r e f e r r e d ....
P reX erred
“
O ld C o lo n y .... (B o s to n ).
P e n n s y lv a n i a .. (P h ila .).
P h ila d e l. & E r ie .
“
P h ila . & R e a d in g
“
P n ila d e lp h ia T ra c . “
S u m m it B ra n c h (B o s to n ).
U n io n P acific
“
ffliM V E iiH iieons M o c k s .
A m . S asr’rR efln.H (B o s to n ) ___
P r e 'e r r e d ..........
“
...
B ell T e le p h o n e ..
*'
10(
B o s t. & M o n ta n a
**
21
B u tte <» B o s to n ..
"
21
C a lu m e t & H e c la
“
21
C o n so lid a te d G a s
“
E r ie T elep h o n e (B o sto n ).
G e n e r a l E le c tric .. “
P r e e rre d ............. **
E a m s o n 8 to re S er. u
L eh i’h C oal& N av . 'P h il.)

B id .

A sk .

A tla n ta & O h a n u iie U *«ff.).100
B o s to n & P ro v id e n c e (B oston ). 100 2 4 0
20
C a m d e n & A ta n tio p f . (P h ila .). 50
“
50
C a ta w is s a ..........................
50
1 s t p r e f e r r e d ..........
“
50
2 d p r e f e r r e d ............
“
50
C e n tr a l O h io ................ (B a lt,). 50 “ 5 6 "
C h a ri. Col. & A u g u s ta
“
100
C o n n e c tic u t & P a s s . (B oshm ). 100 12* 6 "
C o n n e c tic u t R i v e r .. .
**
100
D e la w a re & B o u n d B r .( P /u ia .) .1 0 0
F l i n t & P e r e M a r q .. . (B oston ). 100
45
P r e f e r r e d ...................
“
100
H a r.P o rts .M t.J o y & L . (P h ila .). 50
K a n . C?y F t . S. & M em . (B oston ). 100
P r e f e r r e d .......................
“ 100
K . C ity M em . & B irm .
“
100
L i ttle S c h u y lk ’U........ (P h ila .). 50
M a n c h e s te r & i^ aw .. (B oston ). 100
(B alt.) 50
M a r y la n d C e n 11a l ___
M in e H ill & 8. ia v e n (P h ila .). 50
N e sq u e h o n in ^ a l___
“
50
50
N o r tn e r n N . 1 1............. (B oston ). 100
N o r th P e n n s . 1v a n ia . (P h ila .). 50
78
O re g o n S h o rt L i n e . .. (B o sto n ). 100
10%
P e n n s y lv a n ia & N . W . (P hila.) 50
R u t l a n d .......................... (B oston ). 100
P r e f e r r e d ...................
100
S e a b o a r d & R o a n o k e . (B alt.) 100
1 s t p r e f e r r e d ............ ,
“
100
W e s t E n d ....................... .(B oston ). 50
56%
P r e f e r r e d ........................
“
50
W e s t J e r s e y .................... (P h ila .). 50
55
W e s t J e r s e y & A tla n .
“
50
W e s te rn M a r y la n d ..
(B a lt.). 5 0
W ilm . Col. & A u g u s ta
“
100
W llm in g t’n & W eldon
“
100
W isc o n sin C e n t r a l .. . (B oston ). 100
7%
P r e f e r r e d ........................
“ 100
W oro’st.lS aeh .& R o eh .
“
100

87

A llo u e z M in in g .......... (B oston ). 25
A tla n tic M in in g ..........
“
25
7%
L C ity P a s s e n g e r R R . . . (B a lt,). 25
B a y S ta te G a s ...............(B oston ). 50
9
B o s to n L a n d ........
33s
10
C e n te n n ia l M in in g ...
10
F o r t W a y n e E le c tric ^
5
25
F r a n k li n M in in g ........
9%
25
F r e n c h m ’n ’s B a y L ’n d
5
H a r o n M in in g ..___ _
25
Illin o is S t e e l ..............
100
K e a r s a r g e M in in g ___
25
M o rris C a n a l g u a r. 4 . (P h ila ,). 100
P r e f e r r e d g u a r. 1 0 .
“
100
O sc e o la M in in g ............(B oston ). 25
25
P a llm a n P a la c e C a r ..
“
100 -165
O iin c y M in in g ............
“
25
95
T a m a r a c k M in in g ___
**
25 136%

V Unlisted.

2 ‘4

*69
*123
*110
184t
200
*
149

1434

In active sto cks.

B id .

W e stin g . E l e c t r i c . ( B o sto n ). 50

21

Bo n d s.—Ph ijadel Thia

•40
8
9%
5%
■*3%

180
25%
167
100

57
1%

J And accrued interest.

57%

2m

2*4
72
L27
L15
19
200

L79
150
15

83*4
59

854i
61%

7
81
34
48
3 2 ti

3
7
82
34%
49
32%

*

93

96>s
8
7*
25%
23
63
€0
70
*68
8
7=8
24% 24%
176 178
5 0 7s 51%
*25
9»i« 9 7s
82
80
22% 23%
*220 220%
*4 %
5

A sk .

A lle g h e n y V a l.,7 3-10s, 1896, J & J
A tla n tic C ity 1 s t 5 s, g ., 1919, M&N
B e lv id e re D e l., 1 s t, 6 s .. 1902, J& D
C a ta w is s a , M ., 7 s ..........1900, F&A
C le arfie ld & Je ff., 1 s t, 6 s . 1927, J & J
C o n n e c tin g , 6 s ..........1 9 0 0 -0 4 , M&S
D e l. & B ’d B r ’k , 1 s t, 7 s . 1905, F&A
E a s to n & A m . Is tM .,5 s . 1920, M&N
E lm ir. & W ilm ., 1 s t, 6 s . 1910, J & J .
H u n t. & B r;d T o p , C o n .5 s .’95,A&O
L e h ig h N a v . 4 % s .............1914, Q—J
2 d 6 s , g o ld ......................1897, J& D
G e n e r a l m o r t. 4 % s, g .l9 2 4 ,Q —F
L e h ig h V a lle y , 1 s t 6 s ... 1898, J& D
2 d 7 s ................................. 1910, M&3
C o n so l. 6 ..........................1923, J& D
N o rth P e n n . 1 s t, 7 s . . ..1 3 9 6 , M&N
G en . M. 7 8 ........................19 0 3 , J & J
P e n n s y lv a n ia g e n . 6 s , r ..l9 1 0 , V a r
C o n so l. 6 s, 0
..............1 9 0 5 , V r.r
C onsol. 5 s , r .................... 1919, V a r
C o lla t. T r. 4% g ............1913, J& D
P a . & N. Y. C a n a l , 7 s . .. 1 9 0 6 ,J& D
P a . & N. Y. C a.. c o n . 5s. 1939. A&O

1 Last prioe tills week.

109

i ’10"
121

100

114%
99%

100

105%
106% 10*7 ’
126
104%

125
105

126
115

H ig h e s t.

7 0 ,2 2 3 12% J u ly
36*8 J a n .
5 75 llf» i8 A ug.
4*4 J a n .
4 56% J u ly
97% J a n .
10 135 Feb. 1 3 ,1 3 5 F e b .
16 1 10 A ug. 29 122 J a n .
9,0751 | 16% A ug.
29% J a n .
1201 195 J u ly
227 Feb.
23 170 M ay
2 00 F e b .
7 1 0 130 A ug.
178 J a n .
204 10% J u ly
22*4 F e b .
100 4 6 J a n .
62% F e b .
2 2 ,6 0 9 69*e J u ly
103% J a n .
7,4 1 5 463* J u ly
833s J a n .
26*3 J u ly
49% F e b .
50 2 i5 i6 J u ly
6 Feb.
130
7 A ug.
19% F e b .
324 69 J u ly
95 Feb.
2 40 29 J u ly
403s J a n .
295 4 6 A u g .
56 Jan .
6,79-* 293s A ug.
62 J a n .
10 112 A ug. 29 130 F e b .
5,516 69
Aug. 1 150% J a n .
1,500
5 Ju n e
13 J a n .
1 3 ,233 17 J u lv
52 J a n .
125 44 J u ly
1 02 J a n .
28 66% J u lv
70% J a n .
1 7 .788
3 7e A ug.
18% F e b .
2,550 15% A ug.
50% F e b .
97 165 A ug.
221 F e b .
5 ,6 0 4 46% J u ly
55% J a n .
200 23 A ug.
35 J a n .
3 7 ,3 4 5 6 l i e J u ly
26% J a n .
4,095 58 A ug.
142% F e b .
100
5 J u ly
9% A p r.
4 ,7 9 5 15% J u ly
42% J a n .
58 21 6 A ug.
232% M ar
1,250
J u ly
7% J a n .

16
14
27
13
18
24
6
6
26
14
14
21
23
3
3
3
6
12
9
27
6
28
16
17
13
23
6
6
6
27
16
2
8
12
27
13
24

3 8 .6 2 8 6 2 J u ly
134*8 F e b . 6
1,453 66% J u ly
104% J a n . 1 9
4 38 166 J u ly
2 12 J a n . 2 7
1 ,9 9 i 15 J u ly IS 34*8 J a n . 1 6
550
5 J u ly 27 12 J a n . 17
160 247 J u ly 31 3 20 J a n . 21
65 M ay
72% J a n . 18
71 8 50 J u ly
65 A p r. 10
989 36% A ug.
50% J a n . 16
1 9 ,029 3 J J u ly
114% J a n . 1 6
252 4 1 A ug.
119 J a n . 18
132 12% J u ly
26% F e b . 2 0
5430 F e b . 2
273 46% A ug.
61% J a n . 2 0
58 47% A ug
2% A ug.
1.574
11 % J a n . 2 3
9% J u ly
2,8 8 0
18 J a n . 4

Bo nds.

2 1 % P e rk io m e n , 1 s t s e r., 5 s . 19 1 3 , Q—J

104%

119

R a n g e o f s a le s In 1893.
L o w e s t.

87% 89%
87% 91%
88>s 91
86t» 9 0
90
90
87
90
87
88
86>s 88%
189
190
189 190
188 1 9 0
189% 190
20% 21%
20
20
20% 21%
20% 20%
6%
6%
0%
6*8
6*8
261 263 x 2 5 6 258
*258 2 62 *260 2 65
*55
61
56% 57%
57% 57%
57*c 57% *57
57%
40
40%
40% 42
41 % 4 2
41% 41%
42% 47%
46
49%
44% 46%
43% 4 7
60
60
65
65
65
65
* 1 6 % .......... *16%
16
16% *16%
49% 49%
50
49
*48
4 7 H 48
50
50
50
*51
52
51
51
*51
52
5%
5*a
5 7e
5 7s
534
5%
5 7h
55a
13
14
13% 14
13*a 13*3 13% 13%
!

Bonds—Boston.

100

U n ite d G a s Im p t.
(P h il.) ............
W a te r P o w e r ................ {B oston ). 1 0 0

19%

A t.T o p .& S .F .1 0 0 -y r.4 g .,1 9 8 9 , J & J
25
2 d 2%-48, g., C lass A . .1 9 8 9 , A&O
5% B u rl. & Mo. R iv e r E x e n p t 6 s ,J & J 100%
N o n -e x e m p t 6 s ..............1918, J & J 101
50%
P la in 4 s ............................. 1910, J & J
53
99%
C hic. B u rl. & N o r. 1 s t 5 ,1 9 2 6 , A&O
99%
2 d m o rt. 6 s .................... 1918, J& D
D e b e n tu r e 6 s ................ 1896, J& D
C hic. B u rl.& Q u in c y 4 s .. 1922, F& A
Io w a D iv is io n 4 s ........ 19 1 9 , A&O
78
C hic.& W .M ich. g en . 5s, 19 2 1 , J& D
52
85
C o n so l, o f V e rm o n t, 5 8 .1 9 1 3 , J & J
C u r r e n t R iv e r, 1 s t, 5 s . .1 9 2 7 , A&O
D e t. L a n s .& N o r’n M. 7 s . 1907, J & J
E a s te r n 1 s t m o r t 6 g .,.1 9 0 6 , M&S L13
I re e .E lk . &M. V .,ls t, 6S.1933, A&O
116
U n s ta m p e d 1 s t, 6 s ___1933, A&O
K .C. C.& S p rin g ., 1 s t, 5 g .,1925, A&O
K C. F .8 .& M . c o n . 6s, 1928, M&N
€5
K .C . M em . & B ir.,le t,5 s ,1 9 2 7 , M&S
K.
C. S t. J o . & C . B ., 7 s .. 1907, J & J
L. R o ck & F t. 8., 1 s t, 7 s .. 1905, J & J
80
:L o u is.,E v .& S t.L .,1 s t,6 g .l9 2 6 , A&O
11
2 m ., 5—6 g ................... 19 3 6 , A&O
M ar. H . & O u t., 6 s ........ 1925, A&O
! E x te n . 6 s ....................... 1923, J & D
47
M e x ic a n C e n tr a l, 4 g . .. 19 1 1 , J & J
1 s t c o n so l.in c o m e s, 3 g, nou-cum .
14
2 d c o n so l, in c o m e s, 3 s, n on-i urn.
8%
N. Y. & N .E n g ,, 1 s t, 7 s , 1905, J & J $111
79%
1 s t m o rt. 6 s ...................1905, J & J $105
2 d m o rt. 6 s ................... 1902, F&A $ 95
96
O g d en . & L .C .,C o n .6 s ... 19 2 0 ,A&O
I n c . 6 s ...........................................1920
R u tla n d , 1 s t, 6 s ..............1902. M&N
2 d , 5 s ...............................1 8 9 8 ,F&A ) 95

MISCELLAN EOUS.

S a le s
o f th e
W eek,

F r id a y ,
S e p t. 8.

.

20

8 5 78 875s
83% 85M
1 8 4 188
20
20
6H
*6
262 262
> ........
* 55
..........
5512 5 5 % 55% 56%
1 *^0
42
j
1 S 1 78 42%
j
1 60
60
• 1638 163s
:
..........
50
1 50
;
..........
;
13
14
n o s a le w a s m a d e .

In active S to c k s.

“

T h u rsd ay ,
S e p t 7.

2030 22%
19 Si 243*.
21% 22%
•
23*
23s
2-J*
2%
2%
23s
69
*69
*69
72
69
71
*67
* 6 7 % ..........
125 125 * ..........1 25
123
123
125 *.......... 1 2 3
•120
*
110% L10% *.......... I l l
112% 1 1 0 1 1 0
18% 19
18% 18%
1 8 7a 19
2 0 0 % 200
200%
200
2 0 0 is 2 0 0
200
200
179 179
*178
L79
1 79 1 79
146 147
148 1 50
145 147
144% 145
14
14%
*14
14%
14
141c
*13%
50
83% 85
S l t j 82S.
8 2 7e 8 6 7e 85% 87
..........
61% 6 2 7e 59% 613* 59
60%
•29
*
3
3
3 *
3 *..........
3
7
7
7
*5%
7
7
7
*5
O
74 Js 7 5
7 4 ^ 75%
7 5 ^ 83
7 4 !a 7 1 i«
33
*33%
33% 33%
33
48
47% 4 8
46% 47ifl
48
..........
31
32
32% 34
..........
31>s 31%
1 1 4 114
115
115
115 115
*113
848> 87
92
95
..........
80om
75*
7\
74t
8 5fi
8
8^
7»8
223s
22% 23%
22% 23%
22
223s 233 i
UJ
*.......... 65
*55
62
*57
62
*55
60
67% 68 *.......... 7 0
68%
*67 O
7 ? ........ *67
73f
7
7*,
7%
7%
..........
6»8
24% 25%
..........
23% 23%
23=8 24%
172 173
174 178
*170
1 78 178
525
50% 51
51
50% 51
..........
D
*25
26
26
27
25
25
1 0 5 le
►
t)
9
981 91S, 6
..........
9%
9%
___
72% 7 7
1-4
78
80
81
84
....
5%
*5
5%
23% 24%
23
23%
2 2 78 2 3 1 ,
2 3 7s 24%
1 _____
2 16 216
2 1 6 216
5
5
..........
a
5
4 7s
4 7e
4 78
18%

P rices o f Septem ber 8.

Thom.Europ.E.WeldiI

T uesaay,
S e p t. 5.

M onday,
S e p t. 4.

S a tu r d a y ,
S e p t. 2.

1 1 -id lea te s u n lis te d .

vv ert n eed a y ,
S e p t. 6.

B id. 'A sk .
100
113
99

P h ila .& E r ie g e n . M. 5 g .,1 9 2 0 , A&O
G en. m o rt., 4 g ............1 9 2 0 , A&O
100
P h ila & R e a d , n e w 4 g., 1958, J & J
69
1 s t p re f. in c o m e , 5 g, 19 5 8 , F e b 1 32*8
21
2 d p re f. in c o m e , 5 g , 19 5 8 , F eb. 1
21%
17
3 d p re f. in c o m e , 5 g , 1958. F e b . 1
17%
104% 106
2 d , 78........................................... 18 9 3 , A&O
C onsol, m o rt. 7 s ........... 1911, J& D 123
C onsol, m o rt. 6 g ...........1 9 1 1 , J& D
I m p r o v e m e n tM . 6 g ., 1897, A&O 101
C o n .M .,5 g .,s ta m p e d ,1 9 2 2 ,M&N
90
P h il. R e a d . & N . E . 4 s ...............1942
In c o m e s, s e rie s a .....................1952
In c o m e s, s e r ie s B .................... 1952
P h il. W ilm . & B a lt., 4 s . 1917, A&O
98
P it ts . C. & S t. L .; 7 s . . ..1 9 0 0 , F&A
111%
P o ’k e e p s ie B rid g e , 6 g .1 9 3 6 , F& A
S c h u y l.R .E .S id e ,ls t5 g .1 9 3 5 , J& D
8 te u b e n .& In d .,l8 tm .,5 3 .19 1 4 , J & J 100
U n ite d N . J . , 6 g ..........................1 8 9 4 , A&O
W a rre n & F r a n k ., 1 s t,7 s ,1 8 9 6 ,F&A 102%

B o n d s.—B altim o re .

A tla n ta & C h a ri., 1 s t 7 s, 19 0 7 , J &J l i 2
In c o m e 6 s ............................... .1 9 0 0 , a & u
95
B a ltim o re B e lt, 1 s t, o s . 19 9 0 , M&N
B a ltim o re & O hio 4 g ., 19 3 5 , A&O
P i t t s . & C o n n ., 5 g . . . l 9 2 5 , F&A 10814
S ta te n I s la n d , 2d , 5 g .1 9 2 6 , J & J
B al.& O hio S .W .,lst,4 % g . 1990, J & J ib'3
C a p e F .& Y a d .,S e r.A .,6 g .l9 L 6 , J& D
S e rie s B ., 6 g ................ 1916, J& D
S e rie s C., 6 g ................. 1916. J& D
92%
C ent. O hio, 4% g ..........................1930, M&S
99
C h ari. C ol.& A ug. I s t 7 s . 1895, J & J
84
G a. C ar. & N or. 1 s t 5 g . . 1929, J & J
N o rth . C e n t. 6 s .................. 1900, J & J 109%
6 s .........................................1 9 0 4 , J & J
S e rie s A , 5 s ..................... 1 9 2 6 , J & J
4 % s .................................. 1925, A&O
P ie d m .& C u m .,l 8 t, 5 g . 1911, F& A
P it ts . & C o n n ells. 1 s t 7 s . 18 9 8 , J & J 108%
V irg in ia M id., 1 s t 6 s . ..1 9 0 6 , M&S 106
2 d S e rie s, 6 s ................... 1911 M&d 106
3 d S e rie s, 6 s ..................19 1 6 , M&S 101
4 th S e rie s, 3-4 -5 s........19 2 1 , M&S
5 th S e rie s, 5 s ................19 2 6 , M&S
92%
W e st Va.
1 s t, 6 g .1 9 1 1 , J & J 100
We.H’L N .C . C onsol. 6 g .1 9 1 4 , J & J
W ilm . Col. & A u g ., 6 s . . 1910, J & D

115
97%
108%
105
100
100
85
110%

IIO" ‘
110
103
97
103

M ISCELLAN EO US.

B a ltim o re —C ity l l a l l 6 s .1 9 0 0 , q —J
F u n d in g 6 s ..................... 19 0 0 , Q—J
W e st M ary l’d R R . 6 s . . 1902, J & J
117%
W a te r 5 s ....................................19 1 6 , M&N
116% 117
F u n d in g 5 s ................................ 1916, M&N
E x c h a n g e 3 V3 8 .......... . .1 9 3 0 , J& J
98*4 1 99
V irg in ia (S ta te ) 3 s , n e w . 1932, J & J
65% 66
C h e s a p e a k e G a s, 6 s ........ 1 9 0 0 , J& D 104 1105
C onsol. G a s, 6 s ................1 9 1 0 , J& D 108
109
i 5 s .........................................1 9 3 9 , J J ; < 97% 98
iE o u ita b le a * * . 6 *
. ..1Q 13- * * '> 103 ■109

THE CBE0N1CLE.

S eptember 9, 1893,]

41?

NEW YORK STOCK EXCHANGE PRICES (ConUutieil.)-—A C ? BO.VOS SE P T. 8 , .lA’O FOR Y E A R 1893 ,
jClots’ng Mange (sales) in 1893.
rClos’ng M an g e (s a le s ) i n 1 8 9 3 .
■Rail-road and Miscel. Bonds. Inter’s! Price
SULBOAD JlSD MlSCEL. BONPS. Inter*# I P rice
Period, Sep*. 8 Xiotcest.
Period. Sept. 8 L o w est, i H ii/h est.
Highest.
Pao o'Mo.—2d evten.5s.1938 J & J *104 a. 103% July 108% Jam
Amer. Cotton
101 A u*. 114% Jan.
t/UAlOil,
UU, deb.,
W 8 g,1900| Q—-F 109
1989 .1 A J 75% 63% J u ly 83% Feb. Mobile AOttlo—New, 6 g ..1927 J A D 108 b. 09 June 115% Apr
At.T’op.&B.•F.-IOOOi^Aa
General mortgage, 4s...1938 M A S 51 b. 44 July | 63 Jan.
O 42
29 July 5 7 % J an,
50 M ay 57 J an. Nasb. Cb. & St.L.—1st, 7s.1913 J A J 120 b. <17 Aug. 130 Jam.
100-year income, 52.......1989 S ep t.
I Con., 5 g. .................... 1928 A * O ........... 101% May 105 Feb,
50 All*. 71 %Jan.
, 58%
At:. & Pae,—Guar, 4 g..,.t937
5 M ay 11% Jan. :N.Y. Cent.—Debt Ext., 4s.1903 M & KilOO 0 97 Aug. 103 Mar.
W .D. te e ., 8 3 , .................. ..1 9 1 0 J & Ji 7
1st, coupon,7s...............1903 J & Jllu% b. IS July 124 Feb.
B ro o k l'n E le v a t’d 1 s t , 0 ,* :.1 9 2 4 A & 0 109 b. 100 Alie, L2o% Mar.
Can. Soath.—1st, 5 s....... 1908 J & J lQ3%b. 99 J u ly 107% Feb, j Deben.,5s, coop,, 1884..1904 M ,fc a* lti2%U. u l Aug. 108% Jan.
I N, Y. & Harlem—7s.reg. 1900 M & N U s u. 114% Aug 119% Feb.
2 d , 5s..............................1913 31 A S 9«%b, 93% Sept. 103% Jan.
38
135% Aug. 70% J an. j R. W. *Ogd.—Con., 5s..1922 A & O *110 b. 13 July 115 Feb.
Cent. Ga.-0.lt W. 1st eon.5»,’29
83% Aug. 89% Feb.
-Centralof S .J .—Oon»„7s. 1899 Q -J U2 1). ilO% Aug. 116 Mar. N. Y. Cbio. A 8b L .-4 g...l937 A & 0 95
Consol., 7s.....................1902 M * N .......... 118 May 122 Feb. N.Y. Elevated—7b............ 1906 J A J 109 b. 105 Julv 111% Jan.
General mortgage, &g - 1987 J Jc 3 108% 102 Aug 112% Apr. N’. V. Lack. A W.—1st,6b. .1921 J a J 12 j b. I 17% Aug, 131 Feb.
Construction, 5s............ 1923 F A a 105 b, 107 June 114 Jan.
lAb.&W.B.,eot>.,7s,a» d.1900 Q-M 103 a. ICO Sept. 110 Jan.
do. mortgage, 5s___ 19I2M *• N 95 6. 90 July 100 Apr. N.Y.L.E.AW.-lst,eon.,7g.l920 M & 9 ‘125 b. 20% Aug 139% Jan.
Adi. Dock A Imp..5s__ 192112 A J|10<i a. 100 Aug. 109% Feb. j 2d consol., 6 g...............1969 J A D ■72 b. 53 Juiy 105 Feb.
Long Dock Consol,,6 g_1935 A & Oi........... 122 J a il. 125 Feb.
Central Paelfle—Gold,6s.. 1898 J A J 101% 101 % Aug, 109% Jau.
V. u. A W.—Ret, 44, *..1992 M & 8 79% 76 Aug. 86% Feb.
Cliea. AOhio—Mort.,6 *..1911 A A O 112 b. 110 Sept. 118 Feb.
S7% Aug, 108% Jam.
Bo Aug. 106 Feb. i Consol. 1st, 5 g............1939 J & U 104
1st consol.,5 *......... ...1939 31A KilOO
Gen. 4%s,g.................. 1992 >1 A .8 71
61% Aug. 85% Feb. N.Y.8US.&VF,—l8tref.,5g.l937 J At J 103% 98 July- 107% Mar.
Midland o( N. J„ 8 *....1910 A is O 113 b. 07 Aug. 120% Mar.
K.AA.Dtv.,liicon„2-4*.l»89 J A J 79
70 Atig. 82% Feb.
do 2d eon., 4 «... 1989 J A .1■*75
68 Aug. 80 Feb. Sort. A IV.—100 year, 5 g. 1990 J A J .......... 81% May- 90 Jam.
-Md.AWaab.Div.-lsb5k.1941 J is J ....... . 80 July 91 Jau.
Eila.Lei.ABiitSan.-5 *. 1902 M A S' 90 b. 88 Sept. KH Feb.
•ClUr. liorl. A Q.-Con.,7s.lM03:.l A J 116% 108% July 121% Apr, North.Pae.—lst,coap.,6g.1921 J ic JiiOiK% -00 Aug. 118 Feb.
General, 2d, coup., 6 *.. 1933 A & O ' 59 b 80 Aug. 115 Feb.
Debenture,5#................1913 31 A N 9! b. S3 Atig. 102% Jam
General, 3d, coup., 6 g ..1937 J A D 07 b. 60 Ang 1 0 8 F e b ..
Convertible5s............... 1903 M A 9 99%
89% July 108% Jan,
24% Aug. 74 Feb.
Consol. uiorb,5g.......... 1989 J & D 38
Denver Division. 4s...... 1922 1 AA "91 b. 88 June 91% Jan.
Col. tr. gold notes, 6s... 1898 51 & N *93 a. 03 June 95 July
Nebraska Extension,!*. 1927:31 AN S2%b. 79% Aug. 88% Jan.
35% Aup. 80% Feb.
Chic. A E. IlL-lst,B.t.,6s.l007 J A o 108 h 108 Aug. 116 Apr. | : Cblo. A N .F .-lst, 5*...1940 A & O 43
Consol.,6g.....................1934 s A 0 109 b. 118 May 123% Mar. * North, Pae. AMom—b e ...1933 M A 8 .......... 50 AUg. SB% Feb.
General consol. 1st,5*..1937 31 A N 85
93% Aug, 103 Apr. North. Par. Ter. Co.—6 g.,1933 J A J .......... 93 July- 104 Fob.
Chicago AErie- l«t.5 g. 1982 31 A N 92% 87 July 103% Feb. Ohio A Miss.—Cons. a. L, 7s. 1398 I A J ‘.04 b. 102 Allg. 112 Fob.
Income, 5s....................1982 ■n-l’n’r' 30 b. 20 Joly 44% Jan.
ConsoL, 7a.................... 1895 J it J,*l04b. U'3 Aug 110% Mar.
98% Aug. 109 Jam.
.................. .1st.
..._ 6 g.,,192!
_I5»*l ftJ & DtlOo
•Chic. Gas L. AG.-lst.ftg.1037 .1
J, 83
70% Aug. 92% Feb. OhioHoathern—
General more, 4 g ....... 1321-M a n 45% 40 Aug. 64 Jan.
J 120 b 119 ___
•CUAMil.*8AP.-Con.7».liW5i.I
Aug. ,129 Apr.
j lOoAfb. 105 Aug. ,111% Apr. 'Omaha & St, Louis—4 g.,1937[J A J :------- 60 Feb. 08 Jam
let. Southwest Dlv„6*.l90» r
90 Aug. 105 Feb.
1st,So. Mia. Div.,6« ....m * J
,1 I0t%n. 106 Aug. 111b% Feb, Oregon Imp, C o .-lst,6 R.lfllOlJ & D 93
32 Aug. 67 Feb.
Consul.. 6 g................... 1939 A & o 18%
Is t, Cb.APae. W. 111v,. 5s.l»2l .1
J !108 % 103 Aur. U2 May
CMC. A Mo. Wt.Il: V., 13.192! J
J 90
97 Aug. il05 Apr. 'Ore.K.* Nav.Co.-l»t,0g.l909‘J A J.ly2 b, 90 Aug, 112 Mar.
J 100%0 98 July lot Apr.
ConsoL,5 g...................,1925 .! A 1> .......... 81 Sept. 94% Feb.
Wls. A Mian, l)iv. 5 *..1921 j
Terminal,5 g....... ....... 19U 1
J 11)4
98 July iluu June Pennsylvania—Is, g ......19 43]M A N ........... 102% July 103 July
Gen. M„ 4*., series A, ,1949 J
.1 ’ 9l%»- 86 July ! 95 A p r . pa Co.—4% g,, coupon__ 1921 -I Ac J105 b. 102 July 110% Apr.
MB.ANor.—1st, WM.,
eon., 6*. 1913 jjJ 1. D 106% 105 Aug. ‘115 Feb. Peo. Dee.AEvansv.-6g..1920 ! A JJ'! ......... |100% May 104 Alar.
•Chlc.AN.W.—C’onsoL, <#.. 1915 u - F CJJ b. 120 Aug. ;i3S Jau. . Evansville Div., 6*....1920 M A 8 ' 02%a, Ml July 105 Feb.
2d tttort.,5 g..................1921 M AN* o o. 50 Aug. 72 Feb.
Coupon, *old, 7*........... 190. .1A D 120 b. 117 July 1123 Mar.
*
113 Fob. Phil*. A Read,—Gen., 4 g, loAr J A J 64%!,. 59% Auk. 85% Jan.
Slaking land, 6a........... 1929 a a O '110 b. 109 July
Stoking tttnrt.ft*...........1929 A A: (.105 b. 100 A u g . 109 J a i l . ; 1st prof. InOPIDS, a »...... 195ft! ......... 32% 20 July 76% Jan.
Staking land debei,.,.',*. J»3 . MA N* *loo b.104% July 112 Feb, ; 2d pref, Inoouis, 5 f„„,195ft; ....... 21%
11% Aug. 70 Jau.
26-iear debenture, 5 ... iuc M a N ' 95 b 100 June ,06% Mar. ■ 3d itw t tomoie.4 i ___1958;_____ : 17%
11 July 62% Jim.
72
Extension, 4«................l»2t> F a a 92
Pittsburg
*
Western—
4e.
1917.J
A
J
78%
Aug. 83 Apr.
90 Aug l 98 Jen.
Cklo.Peo. AKt, t.„. Is-.*,g.|92« M .ft 160 , 93 Aug 1100 Mar. Rich A llsiiv. -con.. 6 g . 19!. I A J 105
102 AUg. i l l Feb.
Cato. K. l.A Pay.
up. t9i .1 * J t l ’J 1 111 July 1125 Jan. ; Consul.,Sg.................... 1930 .v me O ' 03
Aug.
78% Mar.
60
Extension sad « o i . , 1934 .1 a j 94% 88 Jul
‘ ’
101% F e b .
Klcb.&W.p.Ter.-TWst,6* .la9 i A
* A‘ * Hi b. 140 Aug. 83% Feb.
30-ye»r ilebeut. 5».........1931 M A s 68
Coo.
1st
A
cos.
trust,
5
g
.ia
u
M
A
ft;I
21
ti.
1
15
4
Aug.
52
Feb.
83% July 97% Feb
CMC.8LP. M. AG. u s....1*3. I A let US b. 110 AUg 1 2 3 M a r. Kio 6. Westego—1st, 4 g..
1J A J *fil%b. 5 1 Aug. 78 Fab.
;8i,Jo.
A
Or.
I-inmi—6
g,.
t»26;il
A
■Cleveland A Canton 5., .191* ij A J __
HI 7,5 ' “
*
96 Jan.
86% June 92% Apr.
C. e, C. A 1,-Consol., 7 g .lu li J A D .....
103%.fan.
1la May 1,0 May ,-t L * Iron Mt, 1st ext.3s. si7,F ,1c
Genemloonsoi.,0 *......193-t ,1 a J
2d, 7 g........................... 1897 MA
109 Apr.
115 Atig. 122% Feb.
Q.C.C.A8LL. - Peo.A K.4«. 1940 A. A •, 65 b 5ft Aug 79 Jail.
Cairn Ark.* fot.is. 7 g.. 1897 I A
104% Mar.
Income, 4s
............. 1990 April. 15 a. 12 Aug. 26% Jan.
90% Jau
Gen, K’y A land *r.,6* .. 1931; A A
Col. Coal A Iron - 6 *.......moo , a \
114 % Apr.
95 Auk. 106 Jati. ftLl.. A8*0 Fr.- 6 *., C L 19i.il, -MA
Ool.Midland—Con., v *..,19404' a a 43
6
g..
Class
U.................
19UOM
A
Aug, ;11 *% Apr,
13 Aug. b7 Jan.
OoLH, VaLAToL—Coa.,5g.llMi !M A 8 84*
Aug 111% Apr.
74 Aug, 94% Jab. ; General snort,, 6 g .......1931 % A
General,6*.................,mo4 J A 0 sa%b. 8*2% Aug. 99 Apr. mt. UBa.Wssc—1st, As,*..1989 % A
Aug. 68 Apt
Denver A Rio G .-lst, 7 g,190i. M,t NT 112 b 112 July 11*3 Ape,
2d, 4", mooiue.......... 198.J J A
July 28% Fob.
1st cun sol., 4 g.............. lUJbJ Ji j: 74%
119% Apr.
1 Ju y 98% let,. s.P.M.AM. I'ak Ex.. 6 g.il/!.Deb B, City A Alpena—6 g. 1913 iJ a Ji 74 i 60 Sept, 74 Jau.
1st consol., 6 g.... .........1033'
123% Alar.
DoLSI an. AM.—l/dgrant*. 191 l :A A O: 23 b. 2o June 4*1 Jan.
do
reduced to 4% g..
103% Apr.
»SL8o. 8b,A Ali.-5g.„,lw37 J a .J 91% 90 Julv 103 Apr. ! Montana Extension, 4 g . 193 ,
91 Jan.
L.
Tenn.V AG. - l ot... 4 g. ISC... M &bjt! el
« July 91 Apr. •ban A. AArao. P,—Is*,#*. 191a
76 Alar.
KgOXVfll* A Ohio, 6
J A J -»0 b. 92% Aug 101% Feb,
1st, 1 g. go..................... 1943
60 Aug
Ft. W.ADanv.CIt)-6g..l«J2l J it 11 83
92% Jau,
68 Atlg. 101 Apr. -eauie i.n .tL -1st.g o . m il
•GaLH.AB.Aa.-M.AP.D. 1St,5 g.iM A N 100
99 Apr.
92% Aug. 97% Feb. See’ty Corp (N. Coni (1st eon.Oa
H an .* 8 i Joe.—Cobs., Es.iai c m a ados
106 Feb.
108 Aug. 117% Feb. IBo. c»r. - 1st, 6 g, .ex coup. 1920
Hous.ATex.c.—Cen.4s,g.l92l a A v - no
100%Jaa,
69 Aug. , " 0 J a n . so. Pao., Aruo-tlg----.1909 10
Illinois central—4g.........19... a a u mu
115 F'eb,
99% Aug. 105 Mar, BO. Paclfl«.CaL-« *.....1905-12
iat. A (it. No.-1st, eg 1910 M A » 107
1st,consol..gold. 5 K....UU97% Jan.
100 Juiy 113 Apr.
2d *%-S-......................1909 M a « ■.5:1
105% Feb.
50 July ; 72% Feb. »o. Pacldo, N. M,—6 g........1911
Iowa Central-Ut, 5g...... 193.3.1 A ! • 76
95 Feb.
72 July | SO Feb, i'eao.C. I. AKy.—Ten.D.,i«t, aK A
AesttMfJCentral—4*,...1087 J a j *31
95 %Jan.
80
Aug. ■87 Apr. : Blrm, Div.. 6 * ..............191', J
Eings Co. EL—1st, 5 g—.1925 J A J 90
81 Jan.
90 Aug, 103% Fell. Tex, A Pan.—1st, 5 g.........2000,1
EaeiedeGas—1st, 5g....... HUB a -K . Vs
2d, Income. 5 g.............. 200* March.
0 Aug.i 37% Jan.
29% Jan.
Lake Erie A WesC—5 g
1937 J A .1 H»t*%l». 100%Aug. '113 Feb. ITOLA. A. A N.At.-Sg...... mg, M.V N
103% Jan.
h. Bbore—Con.op., let.7s.19oo .1 A Jjllt% b 113 July ill* Jan. iol. A Ohio O u t.- 5 g...... 1935 1 AJilOl
109 Apr.
Consol, coup.,2d,7s...... 1903 J A l> 1iti%b. 11 t
Tot. Peo. A West—4*...... 1917 J A Jo7 b. 72% July
81 Jan.
Lon* Isl’d—1st,eon.,5*..1931 4 -J 108 b. I ll
rot.8t.L.A Kan.0.-0*..1916 .1 A It' 55 , 48 Aug. 90% Jan.
General mortgage, 4 g. .19383 * l:>,««o%b.i 90
UnionPuctdo—6*.............1899-J * J .......... ,102 .vug. 110%Jaa.
Lools. dt Nasb, Cons., vs.1893 A A M10.# b.ilOd
8iu«Ui*(and, 8*..............1893 .%A tc........... ug tug. 105% Fob.
N,G. A Mob, 1st, 6 g........19303 A J 113 0.110
Collat. trust 4 %............. 1916-'4 AN ............ 48 July 73% Jan.
do.
2d, 6 g..........193 j A 9 103 tu 100
__ri 102%Jan.
Cola 6s, col. tru*t note*. 1891 1 A a
2% .mg,
General,0*.....................1930.1 a d l l 2%b. 107
Kan. Pac.-Den.Div.-6 *.1899 >1 A N jo9 n.109 Aug. 113% Apr.
OnlCed, 4g....................1940 J A- J 78
l*tc«u»ol„6 *.............1919 MA N 05
«8 Aug. 112% Apr,
75
.
Na»n.li.*»b —i.tgvi.ftg %; v * a m
Oregon Short■'line—6 *. .1922 ...........
A A 87
80 Aug. 1109 Jan.
95 Aug. lo t Mar,
DoQis. N.A. AOb.—1st, 6».l9Io J * .1102 b, 105 July 111 Jan.
qr.B.L.AUtnN.-Con.5*.1919 A 0 -02 b. 52 Auk. | 80% Jan.
Con*oL,6 *................... ism a A o; 96 b. 82% Aug. 109 Jam, : C.P.Den.* GaUcom. 5 g.!U39 J 4 F IT
39% vug. 75i% Jan.
Loals. Bt. L, * Texas—6 g. 1917 F & A 43 b. 77 July I 83% Jan. . Union Elevated—e *....... 1937 M A V 105% 98% Aug. 117% Apr.
Metro, Elevated—1st,tig.Djos J A J 113%*. 1 0 8 % A u g . 1 1 8 % l-e b . Virginia Mid.—Gen. m.,5s, 1936 M AN ..........' 7 1 Aug. 86 Apr,
24, 8 s.„........
1899 M A Jf 104 b. 100 July 10e% Feb.
do
stamped guar. M A N 71 b, 79 Juno 86 Apr.
Midi.Cent,—1st,coo,,7*.. 1902 M* N 118% 113 Aug. 122% Apr. Wabash—1st,» g............. .1939 M A N 100%
93 July 106% Apr.
Consol., S » ............
1902 >1 A H 104 b, 100 Aug. 106% Apr,60 July j 82% Jan.
2d mortgage. 6 *..........1939..F
A! 71
M|i,Lak«8b.A W ,-l8t,6g .l92l M&. N 121 b.illft July ,127% Jan.
Debent. M., aeries B...... 1939 J
J *24 b. 19 July 39 Jau.1
Exten. Almp.,5 g....... 1029 FA A 1HO b, 97% Ang. 109% Jan. West Bhore—Guar., 4*......2361 J
J 1 08% lit Julv 103% Feb.
M . K, A T ,—1*1 4 k , g .......... 1990 J A !> 77
6S> Aug. 82% Feb, West. N. X. A Fa.—1st, 5 g.1937’J
J 100 a. 91 Aug. 105 Fetei
2d
*
W x4»j|.................
....1990 F % A\ 30
27% July 50% Jan.
2d mort,- ................ -*..1927 A
O 20 b. 13 Aug. i 33 Jan,t
Mo,
*
B.Faciflo—
1st. con., 0 g. 1920 M % H ’ 99 b, 98 Ang. 113 Mar. West. Un.TeL—Coi. tr,,5s. 1938 J
95 A,ug. ,106 Jan. I
J 100
3d, 7 * . „ . „ . ................... 1906 U
MA
A N
a 103 b. 100 Aug. 115% Apt,
Wt». Cent. Co.-lat, 5 *..... 1937 J
J 69 b. 60 Aug. 92% Jan. 1
Txe.01Mo.-lkt, e»„4*,1938 F ,v a flu a,i 93 Ang. 102 Jan.
Income. 5 g.......... .........1937>„, ,-.*12 b. 12 Atlg. 35 Fob.
Not*—*1/" indicate price but s "a" price aektd ; the Range to made up from actual sales only. * Latest price tills week, f Trust receipts.
NEW VI)KK STOCK EXCHANGE PRICE?)—IContlnaoil).—/tV-dCT/W? BONDS —S E P TE M B E R S ,
8ECUKTTLK8.

Bid. A*ka

BEctram K s.
Bid.
11. AtO.—3on». mort.. gold,5s.1988 *105
W. Va. A Pitts.- 1st, 5s,.1990
(S to a t E xch a n g e p r im s .)
B. A O.H. W„ 1st. g„ 4%s...l990
Alabama Mia.—1st, *.. mar,. 1988
M«non River, lst-k.,B, 5s... 1919
A, T. <fe 8- F, —Id . -4a, C lass It. 1989
C en V IO h io R e « r .- l « i , 4% e. 1930
Cot-Mid. l»t,g.,6a............ 1036 * 70
Ak.<kCli.Juuo, -lst.g.8s.gu,l
AUantl-- & Dan v,—1at g., 6a.. 191-7
Boat. H. Tun. * W.—Deb. 5a. 1
AU. A Par.—2d W. it., ten. t>s.. 1907
Brooklyn Elevated—2*1.3-5s.ini 5
.......
Bait, A Ohio—1at,6s, Park B. 1919 •io s"
BmnsWiek A V o—1st. g. 4a, 1938
* » ,g o :d ........................................i92f>
...... BoB. R . h. A Pitts.—Gen*, 5.«. 1987 96
* No price JfrtAav: these are the latest quotation* made this wee*.
R a ilro ad B ow ls.

BECTTK1TIE8.
Bid. A^k,
B.K.AP.—Roch. F., let, 63.1921 117 •***s»
Roeh. <fePitts.—Cons. 1st, 6a. 1922 US
......
Burl (Jed. Rap. A No.—1st, 5s. 1906 100% 101%
Consol. A cullat. trust,5a... 1934 80
Minn. A St. L.~lst, 7», gu..19*27 100
100
Iowa C. A W eat.-lst,7s....l909 *100
Oed. Rap. X. F. At N„ 1st, 6s. 1920
1st-, 5s............................ 1921
92
C.
O hlo—Oo). J-,C !n .M .la t,4 % a.l9 3 9 ...................
ioo Gent. RR. i J unit.-Col, g.5i. 19371 ....... 82

Ask.

THE CHRONICLE.

418

|V ol . L/VI1*

NEW YORK STOCK EXCHANGE PRICES.—IN A C T IV E BONDS— r C on tin u ed .)- S E P 1 EM BER S.
S E C U R IT IE S .

B id .

A sk.

S E C U R IT IE S .

B id.

A sk.

S E C U R IT IE S .

B id .

A sk

N o rth e rn P a c ific —(C o n tin u ed .)
C. R . & B .—C b at.R .A C '.,g td .g ..1937
1 **ui. On. B r. 1 st, g.. 5 s ........... 1930
H e le n a A R edM ’n —1st, g., 6 s . 1937
C e n t, o f N . J . —C onv. d e b ., 6s 1908
D u lu tlu t M a n ito b a — ls t,g .6 s l 9 3 6 *77
C e n tra l P acific—G old b d s , 6s, 1895 103
D ul. AM a n D a k .D iv .—ls t6 s . 1937
90
G old b o n d s , 6 s ....................... 1896 103
120
P lin t & P. M arq .—M o rt., 6 3 . ..19*20 1 1 0
C ceur d ’A le n e —1 st. 6 s, g o ld .1 9 1 6
G old b o n d s , 6 s ....................... 1897 1 0 3 1 ,1 ....
*
G en. l s t , g . , 6 s .......................1938
8 a n J o a q u m B r., 6 s .............. .1 9 0 0 1 0 2
95 I C ent. W a s h ih g to u —1 st,g..6s. 1 938
M ort. gold 5 s ........................... .1 9 3 9
10 0
91
N o rfo lk A 8 o u th ’n —1st, 5 s ,g .l9 4 1
97
L and g r a n t, 5 s. g ................... .1 9 0 0
N o rfo lk A W est.—G e n e ra l, 6 s . 1931 116
92*2 98
C. & O. D iv ., e x t., g. 5 s ----- .1 9 1 8
N ew R iv e r, 1 s t, 6 s ................. 1932
f t W o rth & R. G .—1 s t g „ 5 s ..1928
« 0 ^ 61
W est. P a c ific —B o n d s ,6 s ... .1 8 9 9 103
Im p . A E x t., 6 s.........................1934
92*2
No. R a ilw a y (C al.)—1 st, 6 s 1907
92
A d iu s tm e n t M., 7 s .................. 1924
5 0 .v e a r 5 s ............................. 1938
113
E q u ip m e n t, 5 s...........................1908
Giles. A O.—P u r . M . f u n d , 6 s 1898
*
113
C lin c h V al. 1 s t 5 s ....................1957
*98
6s, g o ld , s e rie s A ................... 1908 *
72
R o an o k e A S o .—1 st, gu . 5 s, g .1 9 2 2
72
C ra ig V a lle y —1 s t, g., 5 s . . . 1 9 4 0
S cio to V al. A N. E .—1 st, 4 s,. 1990
W arm 8 p r. V a i., 1 s t, g. 5 s . 1941
G. B. W. A S t. P .—2d inc. t r . r e c ts .
22
24*2 O hio A M iss—2 d c o n so l. 7 s . . .1911
O bes. O. & So. W est.—1 st 6s, g 1911 * 10 2
S p rin g .D iv .—1 s t 7 s..................1 905
2 d , 6 s .......................................... 1911
G e n e ra l 5 s ................................... 1932
Oh. V .—G e n .c o n .l st.g u .g ,5 s,,1 9 3 8
1
1
0
105
1903
O
hio
R iv e r R R .—1 s t, 5 s ........... 1936
C h ic ag o A A lto n —8. F ., 6 s ___
G en , g . ,5 s .................................. 1937
*10 0
L o u is. & M o. R iv e r—1 s t, 7s,.1 9 0 0
1900
O
re
g
o
n A C alifo r.—1 st, 5s, g .1 9 2 7
2 d 7s
O reg. R y A N a v .—C o l.tr. g..5s. 1919
8 t. L . J a c k s . A C h ic.—is t,7 s .,1 8 9 4 * 10 2
75
.1
9
1
2
P
a
n
.
S
in k .F ’d S u b sid y —6s, g. 1 9 1 0
M lss.R . B rid g e —1 s t, s. f., 6s,
P enm -P .C .C A S t.L .C m g.4*28A 1940
*100
Ohio. B u rl. A N o r.—1 s t, 5 s . . . .1926
99
99
92*s
Do
do
S e rie s B ..........
99
D e b e n t u r e 's ........................... .1896
P . C. AS. L .-l s t,c .,7 8 .................. 1900
*100
Ohio. B u rlin g . A Q.—5s, s. f . 1901 1 0 0
*89
1
9
1
9
Io w a D iv .—S in k , f u n d , 5 s .
P it ts . F t. W. A C.—1 s t, 7 s ... 1912
*10 0
130
90
S in k in g fu n d , 4 s .................. 1919
2d , 7 s ....................................... 1912
3 d , 7 s .........................................1912 124
C. S t. L . & N . O .—T e n . 1., 78.1897 *108 1 1 2
P la in , 4 s ..................................... 1921 *80
U hie & I n d ia n a C oal—1 s t 5s 1 9 3 6
C li.S t.L .A P .—1 s t,c o n .5 s ,g .. .1 9 3 2 I t O
103
2 d ,' 6 s ..........'. ........................... 1907
C hi. M il. & St.. P .—1 s t,8 s,P .D 1 8 9 8 1 1 2
C lev. <fe P .—C ons., s. fd ., 7 s . 1900 115
2d , 7 3-lO s, P . D ................... 1 8 9 8 * 1 1 1
G en. 4*28, g., “ A” ..............1942
113
1 st, 7 s, $ g ., R . D ................... 1 9 0 2 118
S t. L .V . A T . H .—1 s t, 6 s., 7 8 .1 8 9 7 105
1897 *109
D u b . A*8 . G —2 d D iv ., 7s ...1 8 9 4
1 st, I . A M ., 7s
2 d , 7 s ......................................... 1898
115
2d , g u a r., 7 s ............................1898
1 st, I . & D ., 7 s ....................... i 1 8 9 9
G d.R . A I.E x l.—lst,4*2S ,G .g. 1941
1 st ,C. A M ., 7 s ......................... 1 9 0 3 *117*j
1st, I . A D . E x te n s io n , 7 s . . . 1908 119
P e o .A E .-In d .B .A W .-ls t,p f.7 s .l9 o O
1 st, L a C. A D a v ., 5 s .............. 1919 *106 1 1 0
O hio Ind.A W .—1 s t p re f. 5 s .. 1938
2 d , 58, go ld , t r u s t r e c e i p ts .. 1948
1st, H . A D ., 7 s ....................... 1 9 1 0 117*4,
P e o ria A P e k . U n io n —1 s t, 6 3 .1 9 2 1 105*2
100
1 st, H . & D ., 5 s ....................... 1 9 1 0
2 d m o rtg ., 4*28..........................1921
75
C hicago A P a c ific D iv ., 6 s .. 1 9 1 0 1 1 2
1n t.A G . N’n —1 s t, 6 s .g ... IV........1919
P itts . C leve. A T o l.—1 st, 6 s ... 1922 106
100
M in eral P o in t D iv . 5 s ............ 1 9 1 0
P it ts . A L. E r .—2d g. 5 s, “ A ” . 1928
C. & L. S u p . D iv ., 5 s .............. 1921 *100*2
L a k e E r ie & W est.—2d g., 5 s . 1941
96
P it ts . M e. K . A Y .—1 s t 6 s........1932
__
F a rg o A S o u th ., 6 s, A s s u ... 1924
L. S. & M. So.—B . A E .—N ew 7 s .’98 108
P it ts . P a in s v . A F .—1 st, 5 s . . . 1916
Inc. c o n v . sin k , f u n d , 5 s ___ 1916
D e t. M. & T .—1 st, 7 s ..............1906
P it ts . Slien. A L. E .—I s t,g .,5 s .l9 4 0
D a k o ta A G t. S o u th ., 5 s ___ 1916 101*2
P itts . & W est —M. 5 s, g 1 8 9 1 -1 9 4 L *32
110
95
Mil. & N o r. m a in lin e —6 s .. . 1 9 1 0
K a l. A lt. & G. R .—1 st gu . 5 s .l9 3 8
P it ts . Y ’g s t’n A A.—1 s t, 5 s,c o n . 1927
C aic.A N .W .—3 0 y e a r d eb . 5s, 1921 *95
L04
M ah o n ’g C oal R R .—1 s t, 5 s . 1934 *101 103
P re s . & A riz. C en t.— 1st, 6s, g .1 9 1 6
E s c a n a b a & L. 8. 1 s t, 6 s ___ 1901 . . . . . ......... L e h ig h V .,N .Y \—1 s t g u .g .4*28.1940 *
2 d in c o m e 6 s ..............................19L6
98*2
D es M. & M in n .—1 s t, 7 s ___ 190'
L e h ig h V .T e rm .—1 s t gu , 5 s ,g .l9 4 1 * io o
R ic h . A D a n v .—D e b e n tu r e 6 3 .1 9 2 7
75
81
k
Io w a M id la n d —1 st, 8 s .......... 1 9 0 0
E q u ip . M. s. f . ,g . , 5 s ...............1909
10 0
P e n in s u la —1 st, c o n v ., 7 s . . . 1898
A
tl.
A
C
h
a
r.—1
st,
p
re
f.,
7
s
..
1897
114
C hic. & M ilw a u k e e —1 s t, 7 s . 1 8 9 8 108
do.
In c o m e , 6 s ____1900
10 0
W in. A S t. P .—2 d , 7 s .............. 1907
W ash. O .A W .—1 s t, 4s, g u .c y ., 1924
55
37*«
Mil. & M ad .—1 st, 6 s .............. 1905
Rio G r. J u n e .—1 s t, g u ., g., ds .1938
O tt. C. F . A S t. P —1 st, 5s.- 1909
R io G ra n d e So.—1 s t, g ., 5 s . . . 1940
N o rth e rn 111.—1 st, 5 s .......... 1 9 1 0
S t. J o s . A G r. i s . —2 d i n c ..........1 9 2 5
O h.P eo. A S t.L .—C o n .ls t,g .5 s . 1939 *
92
1 s t, 5 8 ...................................... 1911
K a n . C. A O m a h a —1 st, 5 s .. 1927
0 R .L & P .-D .M .A F . D . 1 s t 4s. 1905
St. L. A . A T .H —2 d p re f. 7 s .. 1894
1 s t, 2*28 ................................... 1905
100
2 d m .in c . 7 s ............................... 1894
E x te n s io n , 4 s ....................... 1 9 0 5
E . H . & N a sh .—1 s t 6 s, g ___1919
D iv id e n d b o n d s ........................1894
K e o k u k A D e s M .—1 st, 5 s .. 1923
B eile v . A So. 111.—1 s t, 8 s . . . i 8 9 0
106
C h ic ag o A S t. L o u is—1 st, 6 s.. 1915
B elle v . Ai C a r.—1 st, 6 s.......... 1923
O h io .S t.P . A M in n .—1 s t , 6 s ... 1918
2d, 3 s .............................'..........1980 *55
Chi. S t. L. A P a d .—1 st,g d . g. 5 s 1917
8 t. P a u l A S . C.—1 st, 6 s ........ 1 9 1 9 118
L eb. B ra n c h E x te n s io n .. .1 8 9 3
S t. L o u is So.—1 s t, gd. g. 4S.1931
O hio. & W . I n d .—1 st, s. f., 6 s . 1919
do
2 d i n c o m e ,5 s .1931
70
L16
G e n e ra l m o rtg a g e , 6 s ............ 1932
S. f., 6 s.—S. & N . A la .............. 1910
C ar. A S h a w t.—1 s t g. 4 s ___ 1932
70
ChlA jfe W e st M ich .—5 s , .......... 1921
1 0 -4 0 , g o ld , 6 s ......................... 1924
S t. L. A 8. F .—2 d 6 s ,g ., cl. A . 1906 102
G in M am . A D .—Con. s. f ., 7s. 1905
95
E q u i p . , 7 s ................................. 1895
2d, g o ld , 4*28 ............................. 1 9 3 7
P e n s . A A t . - 1 st, 6 s, g o l d . . .1921
G e n e r a l 5 s ................................... 1931 *85
C in. D . A I r ’n —1 s t, gu. 5s, g. 1941
95
1 s t, tr u s t, g o ld , 5 s .................... 1987
*99
80
O lev. A k. A C ol.—E q . A 2 d 6s. 1930
L o u .N .A lb .A C ii.—GTen.img.58.1940
C onsol, g u a r., 4 s . .................... 1990 " 55"
63
67
60
O.C.C. & S t. L ., C airo d iv .—4 s, 1939
K
a n . C ity A S.—1 s t, 6s, g . . . l 9 1 6
92*« 95
*
8 t.L o u .D iv .—ls tc o l.t8 ’t4 s,g . 1990
8 8 % M an ito .S .W .C o lo n iza’n —5s ,g .l9 3 4
F t. 8. A V. B. B g .- 1 s t , 6 s . . . 1910
8 p rin g .A C o l.D iv .—1 s t,g. 4s. 1940
K a n sa s M id la n d —1 s t, 4s, g .1 9 3 7
.....
W h ite W. V al. D i v .—1 s t,g. 4s. 1940
ls t'c o n . T e n n lie n , 7sV .____1915
St. P a u l & D u lu th —1 st, 5 s ___ 1931
C in.W ab.A M .D iv.—ls t,g .4 s . 1991
2 d m o rtg a g e 5s.............
1917
10 3
Oln. I . S t. L. A C —ls t,g .,4 s . 1936 *90
1 st, c o n s, in c o m e 3s, g ___V.1939
St. P a u l M iu u & M .—1 st, 7 s .. 1909 103
C o n s o l, 6 s .................................. 1920
2 d m o rt., 6 s ................................. 1909 1 1 3 * 2
C in. S an. AC1.—C on. 1 st,g . o s, 1928
M in n e a p . U nion—1 st, 6 s ___ 1922
CLCol. C in. A I n d .—1 s t, 7 s,s.f. 1899 1 1 0
2 0 , in c o m e , 6 s, “ B ” ..............1917
M ont. C en.—1 st, g u a r ., 6 s .. 1937 1 07
C onsol, s in k , fu n d , 7 s ............ 1914
1 s t g u a r. g. 5 s ............................1937
95
98
O leve. & M ah . V.—G o ld , 5 s . . . 1 9 3 8
E a s t. M in n , 1 s t d iv . 1 s t 5 s . 1908
103
105
C o lu m b ia A G re e n .—1 s t, 6s
1916
S a n F r a n . A N . P .—1 s t, g., 5s. 1919
2 d , 6 s ......................................
1926
S o u th C a ro lin a —2 d , 6 s ............1931
B a t. C .& S trg is.—ls t,3 s ,g .g u . 1939
D el. L a c k . A W \—M ort. 7 s ___ 1907
In c o m e , t>s................................. 1931
B vra. B in g . & N . Y .—1 st, 7s. 1906
*115
So. P a e . C o a s t—1 s t, g u a r .,4 s . 193
M o rris A E s s e x —1 s t, 7 s ___ 1914
Ter.R K . A s’n o f 8 c .L .- l s t,4 is s .l9 3 9
*114
95
B o n d s, 7 s ................................. 1 9 0 0
T e x a s C e n tra l—1 s t ,s. f., 7 s .. . 1909
7 s o f 1 8 7 1 .............................. 1901 1 1 2
1 s t m o rtg a g e , 7 s ...................... 1911
1
0
0
1 s t, c o n ., g u a r., 7 s .............. 1915 ★
130
Io w a E x te n s io n , 1 s t, 7 s....... 1909 1 0 0
T e x a s A N ew O rle a n s —1 s t,7 s . 1905
D el. A H u d . C an .—C oupon 7s, 1894 i« 4*8 1047s
S a b m e D iv is io n , 1 s t, 6 s ........ 1912
80
P a . D iv ., c o u p ., 7 s ................. 1917 126
S o u th w e s t E x t .—1 st, 7 s ....... 1910
T h ird A v e n u e (N. Y).—1 s t 5 s, 1937 108 1 10
A lb a n y A S u sq .—l s t ,g u . ,7 s 1906 * 12 0
Tol. A . A . A C ad .—6 s .................. 1917
P a c ific E x t .—1 s t, 6 s ..............1921 *92*«
1 s t, c o n s., g u a r., 6 s ........... 1906 116
Im p r . A e q u ip m e n t, 6 s ......... 1922
T oledo A . A . & G ’d T r.—g. 68.1921
112
B e n s . A 8 a r.—1 s t, c o u p ., Tg. 1921 130
M in n . A P a c .—1 s t m o rtg ., 5 s . 1936
Tol. A . A . At M t. P i.—6 s ............1919
D e n v e r C ity C ab le—1 st, 6 s .. . 1908
Tol. A. A. A N . M .—o s, g..........1940
32
D e n v . T ra m w a y —Cons. 6 s, g . 1910
95
M o.K .A T .—K .C .A P ., I s t , 4 s , g .l 9 9 0
T.*vO.C.—K a n . A M ., M o rt. 4 s .l9 9 0
67
M etro p o l. Ky.—l s t,g u . g .6s. 1911 .........
D a l. A W aco—1 s t, 5s, g u ..,.1 9 4 0
U ls te r & D el.—1 st, c o m ,6.,5 s . 1928
D e n v . A R . G .—Im p ., g., 5 s . .. 1928
60
U nion P a c ilic —1 s t, 6 s ................ 189o L03
90
D u lu th & Iro n R a n g e —1 st 5s. 1937
1 s t, 6 s ............................................1897 103
£ . T e n n . V a. & G a .—1 s t, 7 s ... 1900 106 108
S t L .A I. M .-A r k .B r.,1 s t,7 8 .1 8 9 5 *99
1 st, 6 s .................................
1898 103*2
D iv is io n a l 5 s ........................... . 1930 1 0 0
M obile & O h io —1 s t e x t., (is... 1927
C o lla te r a l T r u s t, 6 s ................ 1908
10O
1 s t e x t., g o ld , 5 s ..................... 1937
Bt. L. & C airo —Is , g u a r ........1931
C o lla te ra l T r u s t, 5 s ................ l 9 o ‘
£ q . & l m p . , g . , 5 s ........., ........... 1938 *32
M o rg a n ’s L a . & T .—1 s t, 6 s___1920
K a n s a s P a c ilic —1 s t 6 s, g . . . l 8 9 5 101
M obile A B irm .—1 st, g .,5 s .. 1937 ..........
1 s t, 7 e ..........................................1918
1 s t, 6 s, g ................................... 1896 101
A la b a m a C e n tra l—1 s t 6 s . . . 1918 *10 0
N a sh . C h a t. & S t. L .—2 d , 6 s .. 1901 *
C. B r. U . P .—F . e., 7 s ............1895
106
E tf e —1 s t, e x te n d e d , 7 s ............ 1897 *105
X. O. .t. No. L. -P r. 1„ g., U s..1915
A teli. Col. A P a e .—1 s t, 6 s ... 1905
80
2d, e x te n d e d , 5 s....................... 1919 *103
N. Y. C e n tra l.—l'e b . g. 4 s ___1905
A tc h . J . Co. A W.—1 s t, 6 s ...1 9 0 5
8 d , e x te n d e d , 4*ss...........
1923 *101 104
N. .J. J u n e —G u a r. 1 st, 4 s . . . 1986
U. P . L in . A C ol.—1 s t,g., os. 1918
100
4 th , e x te n d e d , 5 s...............
1920 '1 0 5
B eech C re ek —1 st, g o ld , 4 s . .1 9 3 6
95
100
O re g .S .L .A U .N .,c o i.trs t.,5 s.l9 L 9 *62
5 th , e x te n d e d , 4 s ............. .
1928
102
99
O sw . A R o m e—2d, 5s, g .,g u .l9 1 5 *
U ta h A N o rth .—1 st, 7 s..........1908
103
1 s t, c o n ., g., I ’d , 7 s ..........
1920
G old, 5 s .................................... 1 9 2 6
R e o rg ., 1 s t lie n , 6 s ............
1903
N . Y. N . H . A H .—lstV re V .4 s .1 9 0 3
U ta h S o u th e rn —G em , 7 s . . . 1909
100
B . N . Y. A E .—1 st, 7 s . . . . ” *1916 116
N . Y. A N o rth e rn —1 st, g 5 «.1927 102% 104
E x te r n , 1 st, 7 s ...................... 1909
100
N. Y . L . E . & W\—Col. tr.,6 s . 1922 .........
2 d , 4 s . . . ......................................1927
V alley R ’y Co. of O .—Con. 6 s . 1921
F u n d e d c o u p ., 5 s ..................... 1969 ..........
N . Y . 8 u sq . & W est.—2d , 4*2S. 1937
84
W abash—D e b e n tu re , S er. A .. 1939
Y Buff. A 8. Vs.—M o rtg . 6 s ___ 1908 !1U0
____
G en . m o rt., 5s> g ................... 1940
90
No. M isso u ri—1 st, 7 s ............1895 1013* 102*4,
92*2
J e ffe rso n —1 st, g u . g. 5 s ___ 1909 ___
.......... N. Y. T e x . & M ex .—Is t,4 s ,g u .l9 1 2 *106*2 108
B t.L .K .O .A N .—R .E . A R R .7s. 1895 100*4
C oal A R R .—6 b ......................... 1922 ..........
N o rtli’u P a c ific —D iv id ’d s c rip e x t.
S t.C h a rie s B r’g e— 1 st,6 s ... 190a 100
E u r e k a S p rin g s—1 st, g ., 6 s .. . 1933 . . . .
J a m e s R iv e r V al.—1 st, 6 s .. .1 9 3 0
W est. V a. C. A P it ts .—1 s t, 6 s . 1911
E v a n s . A T .H .—ls t,c o u s .,6 a . 1921 *110 117
S p o k a n e & P a l.—1 st, 6 s....... 1936 *
1
00
W
heel.A
L .E .—1 st. o s, g o ld ... 1926
105*2.
1 st, g e n e ra l, g., 5 s ............... 1942
8 i.P a u l & N . jP.—G e n ., U s..1 9 2 3 102
E x te n s io n & Im p , g., 5 s........1930
..........
* N q p ric e F r id a y ; th e s e a r e th e lu te s t q u o ta tio n s m a d e th is w eek.
F o r JXisoellauteoiis &. ( J filiated U ondn—See 3 d p a g e p re c e d in g

THE CHR0X1CLE.

S eptember 9, 1893.J
$ tn j£ s tr o je r it

AJTD

H a ilr o a d In telligetijcje.
Ik e I nvestors’ S upplement , a pam phlet o f 150 pages
contains extended tables o f the Stocks and Bonds o f Rail­
roads, and other Companies, w ith remarks and statistics con­
cerning the income, financial status, etc., o f each Company.
It is published on the last Saturday o f every other month—
viz., January, March, May, July, September and November,,
and is furnished without extra charge to all regular sub­
scribers o f the Chronicle .
The General Quot Hons o f Stocks and Bonds, occupying
Six pages of the C hronicle , are published on the t h i r d

S a t u r d a y o f each month.
R A IL R O A D

E A R N IN G S .

Jan. t to Latest Dot*.
Latest Mornings Reported
Roads.
Weekor Mo 1893. | 1892.
1893.
1892.
*
*
*
*
14.5821 14,272 301,007:
90.871
July........
July,....... 206.1 4l 2 ‘3.7 id 1,526.140 1,455.292
Ateh.T A6. p** j.> wk Aug * 43,7* (>: 768.120 24.445.60- 28,587.013
Bx. L. A San F 34 wi ah.' 141.201 l7-<,i-yj 5.4-7,580 5,268,340
Ate. total...t.-d «k am-- 784.1101, V4
947,878129,933,277 28,855.352
Allan t aAOOar.« June..
53.30*..* 50,475 375.102! 351.430
Atiahra A FluFa w.iy. ..
•
33.2*25!
31,355
7.375
1,610.1521.62 ,725 10,84",369 10,985,343
B.AO. Easll.lneA.lui v ...
Western UMMJiuy...
I**1.873 161,-32 3,540.57" 3.3-9,245
Total.......... Julv...
*2,105.^24 2,086,556 14,412.746 1(,38 1,587
B»!.AO.s«uth» .ithwk Aug. ra: , 38,918 1,703,070 1.700,(69
10.J41
10,405
Bath A flaut’nd- June ......
1,757
1,621
2,005
Blr. & Atlantic. - July.........
18.235
23,790
3,239
Blr.«tt.ATtca R Ju n e.......
4.-11! 21,206
Brooklyn Kiev. tthwk Auk 37.915 44,332 1.252*771 1.230,105
Buff. Koch.APin tthwk auk 96.0-4 92,458 2,243.129; 2,069.451
Bar.C.Raji. A N Ithwk AUK 120,603 135,287 2,469,637: 2,609.460
Camden A Atl J u t ..
14-147 131, 62 458.401! 430.965
Canadian Farm, ithwk auk 580.000 580,001* 13,171,265 13,430,971
<3ar.lNim.OACB Jam ......
22.7--;
15,443
1, 12
3,568
Car. Midland, July.........
31.290:
31,941
7.7.-a
6.079
Ceotralof N.J.. Ju;y........ 1,201.469 1.247,520 8,418.336: 7.9.-1,029
Central PactHe.. [June........ 1,308,225; 1,332,6 4 0,751.771, 6,79 4.5 JO
55.04.5
7.650
49,*470
Central of 8. C.Jjune ......
5.712
01,051
Ctaur.dn dCftfe July
9,9i.5
79.715
7.900
•Chnriot'nAtSay June.......
380,180
41.29*2
851.819
57,119
Char.sum A No, July........
7.776
■a1.47 J
9.000
7.9-37
20.0(17
Chutqua Lake.. Jilt!".......
4.61*2
21,386
5.016
Cheraw.A Bari.. June.......
30.506
40.111*
4,015
5,125
<'!)*-. t*<*{.;■. . 4th Wit AUK 308.487 332.201 6.OH.210 6,445,476
Che*, o. A.-, v. . July,.
179,129 100.780 1.3 .0.115 1.207.64'
, 2, (24.
Chic. Bur. A So. July..
1 71,0 2
150,502 1,352.137 1,12
Chic. Bur. A U .......
.......... 2.949.374 3,214,138 21.925,382 2 «.450,075
'July..
Chlir.A K,.-t fit. ltli vk A*,,* 108,944 107,307 2,872,006; 2,600,127
Chicago <4 Erie. June.. „
*«“» 202.137 S.11-.2:- 1,301,272
Clue. tit.
«rk Auk
105.073 2,531,-07 2,-78,507
Cti.J.R * i: 0.1 Acril . . . .
203.441 921,201 925,,010
Chlr.Mil.A.-t.P* tthwk Ml*
000.1*0 21,211,562 21^194.281
-Okie.AOhio Rlr.jitliwktjnlT:
3,1581
2.47Olio. AS’thw'n. Uoly____ ;2.689,42212,'
....... - ,798,631 17,41*3,406 17,659.927
CMk. Pen. A8 X,A; It b wk Jail * "32.042
• *'*
35.439 700. U4 705,220
Chtc. It’ll I.A I*.. August.... l.802,712 1,035.840 12,33 4,3-2:11,492,855
Chic.,- 4 1*.M.AO.:Jul y ....... 556,202. 726,602 4.422.473 4,712.143
Ooc. * W. M1**U. iiiiwk Auk 42,265 56.777 1,230,710 1.30*', *592
On Ua. A Port*. 'July, __
30.305
0,307.;
6.534
37. .7*2
Cin. Jack A Ha*, ithwk Auk 17,5 6 27*,313 1i 0,94** 449,913
O n. .V. o. A T. P ;d«l *.t k \UK 64,750; 7*y88*l 2,534, 90 2.632, (82
Ala.I** .-unlit. : ,1 wk .Vay 22.23**: 27.5*2: 1,0- 1. 11U 1,1-5.418
N-OrL A .V E. :((! wk A**g 15,270; 10.148 e-10.3 *0 782.016
Ala. A Vlok*t*.;30
vhk
7,102
8,524 344,894: 3 ’ .499
V!**kf* !0>i ,v P .») wit Aug
8.824
0.4701 3**4,581 310,099
KrlajuterSyst, 31 »lt auk 115,993 134,5*3 5.00 ,015: 5,1*»4.113
Omt. Jtbrthw’n. July....... ;
1,000!
11.419
1l,2t i:
\,m *
Cm. Ports. A V. jutv ........' 24,03.!
152.0.
0,135.489
Col. A Maysv.;July.___ j
1 ,122
1,317;
8,l**t
7,905
<TBV,Akr>i!i&< ;;*! * t Any! t **,276; 2\A3«
036,136 613.572
Ciev. Can. ,t S o.June__ ! It,3,000)
44 1.71*7 373.000
CM.ln.i !* A-.' itjj - k top! 4U-.7-- 518.7M 8,086. *1 11 9.6* 9,614
Pee. A East'll. . * \ny 31,342 33,231
001.830 1,026.550
C l e r . »» At**.*'
3,205!
7,740 217.-30; 201.t*19
•CotSewh, A i.,:Jur>n
;
21.004
33.012!
3.-71!
2,505
Col. H. 4*. A T.*i. July........j 306.655, 277,.V><* 1,953.-66 1,033. 74
Col-SlmwnrcAtl Jnr,
| 361,7.*4 378,045
32.1 "3;
Culu-- & Bate.. j oly ___ i
12.3 .-4
2 ,2 fO
2,050,
12.837
Coon. Hirer......'June .
583.350 564,970
Outre tit It*v- r .. tiltalt 4uk
10 1,7 :7; 127.556
2,408
*4 *8 8 3 !
Deny. A Rio Ur t»h*k Aug 165,600 2 0 0 .1 0 * »,250.625! 5,914,104
De*. M.}io. A » JB»y.......
30,626 37,2251 2 2 8 .7 2 * <33,609
Det.Bayc.AA.il. jis u .........
3 ,206 27,6,00 27*1. .70 210.V.4
t>etUo»'e».v> ttiiwk Auci 33,301
42,583; 709.73 t 783.394
fralutns.- a At*. . .1
auk
45.359 56,203; 1,41 1.3-5 1.409.221
65,41 *
26,741
Doiath a Winn.. Joue __
8,3JW! 183.09 •
E.Teitn. Vi*..*. !k( 3,4 wJc Aug 0-.161 105,358
3.507.74.-, 3,0 ( 1.0J5
K «1n iol .*«East. A»,***-1 ...: 71,167 75,055 595.051 5U.3U5
EurekaSi.rlnK Jti: , ... !
36, *04
7,622
14,123
0,570.
JB»«b»HmPi>u«A BhwkAim16,-OS' 248,003 21.0,520
0*00)
Evans.* Hi..*•*.. *j<j w*Juiy;
Ml,2 1*i
2,72 4
77.9-3
3,035
JEyaosr. A T. 8 . uhwfc Aug 10.196 41.811 906.. *>49 851.125
4,176,437
Fitchburg.......... July ....... 04 t.7 S1 6*3.490
_____ 4,300,042
Ellul A P-Viiifs. ‘Hi**It Aug 05,11*3 70.3*11 1,912.093 1,908,467
JElotence.,.,......June.........
19.* 12
8,902
.-0,167*!
1,649
Ft.*
A I'.-.iu J mi, ......
99.620 97.007
Ft.W A ki<* *1r Juiy . ..
23,034 21.230 2*12,5*92 195.71*9
-tied*. A Alt V.. July.........
800
1,486
........
Oeorirla Rtt,__j«ty ____
80,092 103.235 747.608 793,273
C». Car'la ,%Nu ;j ,* ____
40,456 23.111 242,240
90.980
<4eo.Bo. A K!;. . . July .....
61.770, 479,6*5 423.860
65,001
Geor*:et‘ri A W*n Ju n e.......
3.333;
23,417'
24,029
3,976
dr,R»n.Aln<) . IthwkAusr 50.710 73,541i 1,514.43-5; 1,625.064
Otn, R. Apt W. itnwk Aup 11.217 18,457! 302.876: 324.639
OtherItm--. . 4thw* auk;
6,970' 141,277! 1«<*,227
5.339
Total all lines. Hhwk Aug’ 75,200 96,008 1,062,388 2,103,927
■©raortTnmk.....iWtScpt. *ii <08.949! 4 0 5 .7 3 0 1 2 ,9 0 3 .0 6 9 12.-79,1*06
CWe.A Or, Tt w i.iw . 10 80,424 *19.88*1 2,316,931, 2.375,0.04
0 et.Cr.fl.AM. w#A«K. lit 23.250 24,60*1 688.120 730,097

BOADA

419
Latest Kammgs Reported.
W eekor Jfo!

1893.

1892.

Jan. 1 to L atest Oats,

1893.

1892,

*
I
Great North'nI S I S
a
St, P. M. A M A u K U st....! 9 5 9 , ’80* 9 7 1 ,0 5 7 7,975,307 7 ,5 4 4 641
East* of Minn A U 2U St....l 1 0 7 ,6 9 9 1 1 4 .6 4 1 ' 713,593 7 05,768
Montana Cent A u g u st___
8 9 ,2 5 3
9 6 ,2 4 8
756,893 7 4 3 ,0 5 4
Tot. systetu. A u g u s t___ 1 ,1 5 6 ,2 3 2 1 ,1 8 1 ,9 4 8 9,445,794 8 ,9 9 2 .4 6 4
Gr. P.Wal. A Br. J u n e .
2,446,
1,825
11,455;
11,022
Gulf A Chieago. J u l y ..
22,346;
2,375'
1,948
1 9 ,6 0 7
Hartsville ...... >noe .
419
459
5,858.
5,561
Hoos.Tuu.&Wll July,.
3,032
3,426
20,471;
2 0 ,049
Hons K..VW Tex Ju u e.
29,557* 24.6 47
71,509,
Humest'nASiieu July.
8,500
9,789
7 8 ,0 6 6
Hutoh.&South'n July.
38,211;
6,615i
7,192
38,119
Illinois Central. August. ...1,853,035 1,391,017 13,543,602 12,156,731
39.874 41,359 24 *,694 266,*243
In.i.D.c.A* We*t. July.........
ln.A-*ft. .Nortli't* 4tli wk Aiis; 95,776 122,068 2,519,510 2,277,759
Slnteroc. (Meoc.i v, k Aus. 19 35,000; 29,392 1.356.6 *2 1.198,746
Iowa Central. 4thwk Auk 42,397 47.681 1,187,452 1,186,180
Iron Railway. July. ......
1,9211
2 ,6 0 2
2*.408
19,2-44
Kanawba&Mieb UhwkAup
10,727 10,090 227,750 244,93*2
Kau C. Cl. A -i* 1th .*.*k Aits
6,631
8.930 218,591
203,481
K.C P.9.A Mem ithwk Auk 97.768; 143.049 3,060.063 3,154,971
K.( ,M.•**(..v Bir 34 wk Aus 13.477: 18,275 665,2**9 651,252
K* C. Pitt-. A*G. ithwk Auk
2,551 1**1,461
8.069;
35,531
Krn.C. sub.Bel* 4th wk Auk
5.610
157,282
7.978!
68,251
Kan.c.Wy.ANft July....... .
26,195! 19,996
190,121 181,447
Keokuk A West 411*tvit Auk 15,314 11.0*21 249,670 252,936
I*.Erie All, A So. July.........
46,076
6.516
5.288
48,019
t. Erie A West.. ithwk auk 9\245 122,038 2,395. 28 2,255,658
Lehigh A Hud.. July ....... ; 55.342
39,797 329,374
243,484
1-.uk l**rin<! — 2d
- - wk
- Aug
'
129.542! 136,226 2,602,521 2,663,154
30.180 34,583 203,709 *205.04]
Loui,-..& Mo.Riv Juik* ...
LouU.Bv Ast.i. Ithwk Auk 45.557 61,716 1,194,9.41 897,670
l.milsv .ANash v. t'luvk Auk 192.675 639,120 13.9^9,-71 13,926,694
109,302 2,231,415 2,09*1.977
!u>ul*..N. A.A Ch Ithorn Allp
Latest. L& Tex 3*1 Wk July
12.077 326,559 342,399
M;icun A P.inu,. lulv*.........
38,553
4,823
8,320
42,92*2
Miilii'hes ,t Aug. lone ......
7,617
757
MB
6,253
1.110
4.015
70,233
Mani-uqu.- __ July.........
78.734
8-4,7*il 855.939
MeiupiitsAChas. 3*1 wk Auk 17.107 24,0.,4
;Mei(cali **.*!*• Ithwk Aug 190.693 185,4 76 5,260,000 5,084,-241
Stesiean Inter" Juu**
182.83- 155.780 4,069,2-3 860,220
-42.954
;'lex. .National. tthwk Auk 109,. 94 163,645 2,
2,-08,419
; M»■XH*,i1; R’wav a k Aug. 20 53.000 55.070 2,020,974 2,02* *,015
854,443
Mil wank <*♦',(£No UhwkJ'm* 52,10 1 55,361
796,668
05,379
Mineral Kauge. July
10,006
11,524
76,795
MIiid**-** A-'.i. July,
140 02 ■ 178,483 99,*.733 1,085,755
M.Sr.P As.S.d ithwk Auk 112,476 60,522 2,198,'95 1,940,522
Mu Kau. ATex.. ithwk Auk 240,778 324,879 0.129,0 J5 5.073,082
M„ P >.* AIr-.uM ithwk AUK 670*397 9S7,0'7 10.361,55 l 17,214,659
Mobile St Biriii, ■hi wkJuly
3,727
3,524
Mobile A Ohio Aagust . . . 200.961 249,308 2,126**151 2 ,1 4 3 ,2 0 6
Moat.a oex.otl J ulj . __
85.000 48,500 6 i 4,223 427,434
Naeb.Ch.dt st.i. '.July ...... 411,690 430,035 2,869,045 2,912,984
3,798
4,274
Nekaita Central June
N. J.*r«*y AN. Y June
31.107 26.94*2 15*1*917 143*.884
77,083
2.240
NewOrl-ASo n.. i.h .vk Auk
1,5*3
87,172
30,017,651 29,179,488
N.y.C..v*H.K . lupust
4.003.91
•2,008,603 2,742,729 14,180.3-7 14.793.203
N. 1. L 1. .v " June
N.Y.Pa.AOhio.. luw* ..
t>;8.9t«
036.160 689,742 3,
3,396,685
3,098.570 2,908,003
N. Y.AS.Ka*.,. June
58*8*50 346,534 30*2,498
N.Y..A* Nurci'n .. July. .
66,202
H. Y.Ont. AM . tihwk Aug 133,720 120,242 2,500.078 2,290,788
N. Y 8a»*j. Ac
July
161,467 100,430 *•97,. 4
950,570
200.47s 257,376
Nort. A South'n July
31.710 34.011
Norfolk a W*-*i. itliw-k Auk 103.069 197,245 6,042,259 6,. 20,116
43,073 42.011 377,00* 361,706
N'Un-aai’u iat'.iijunf,.......
Nortli’a <renMw.lJ itlv ...... 860.165 587,006 4,060,715 3,910,106
Northern Paotn* :.id wk May 41 «,233 308,379 7.009,616 7,718,812
Wo*.<t. Lin***, id wj. Mar
80,703 90,683 1,843.353 1,971,018
N P.A W.Ceui lktwkAWg 13 *.712 012,442 14,305,431 10,383,042
<JCO(!**cA West. July...*...
2.220
Ohio A Ml**..... jtiij*.____ 324,900 329,5*46 2,492,64* 2,270(139
Ohio River....... ; tthw* Aug
21,497 22,501 9*45,194 409,007
Ohio Southern.. July....... ;
40,279 1-.7*i.i 392,070 358,713
Omaha A 8t. I... \l..y.........
45.679 39,934 211,505 2:7,01 I
Orepuultup.co ; luty
867.654 372,400 2,174,000 2,195,582
185,19 ,
Pa.L ieno a.Ala July ___ _
20,172
110,085
24.571
129,030
99,990
ietiu. Milt!'*!-. July. ......
15,007
17.547
Pei.tiWy! vay 0* .. j u|y.........5,552,04 5,579.672 39,437,40* 38,271,124
Pwirtalleo .vi.* uhwk Auk 20.1**2 30,113 .-7-.01W 557,519
PtM nM rt........July......... ; 43.504
40,895 337.112 336,003
I’atla. A title ..July ....... 45 4,193; 42*.ao5 3,004.232 2,748,113
Phi la. 2k
July.........!1.-67.370 4.-01.253 1.',7-2,3 4 12,663,781
Coal **Ir, ***.r. :Juiy. . . . . . 3,02 4.471 3,326,092 25,11*2,014 *8,‘'9*2,209
Tot«ll«*thC<j^'j(iiy“.;""!4»0»l',-5215,7O7,915 37,904,320 30,757,990
Lehigh Valley. M,*.
i, 490,781 jI,.*>67,463 7,13..454 6,901,235
22,797
22,514
Pitta, Mar.&Ch.Juij'
2,253
3.0*9,
Plt4.8ueu.Al-E.luly.........I 56,370: 33.021 254.235 203,827
1,055.704
910,771
Pittsb. & West :AtiKU—
f.....: 124,4531 119,431
iT«a.C1.4t (*>*i August__ ! .*5.742 57,4 *H 529,970 411,810
25,202; 31,5*481 213.707 212,667
Pitts. P» A P. Augus ...
Total »}stem.,, ithwk Aug! 6',409 69,107! 1,829.4*6 1,541,287
lT11.T0ung.4cA.ij oly.........< 155,217> 143,9 «' 8 70.881 830,905
143,-20 116,894
Pt. Koval A auk. Ju n e....... j 11,-.48
13,45Ph,B**y. AW.Car.jJhue .. -.
1 1,0*15 lJ-.ttJS; 130,965
17,305
150.776; 156,624
Qttlncy O &K-* July.........
20,942' 23,965
397,521
HI. h.Epksb.itP. J line.......
81,07 *| 77,054* 422.17*
213,690 210,303
Kteb. it Peter**,. In*}*. ...... I 20,393: 31,591
350,944'
415,066
8,125* 26,303:
Rio Gr. Bhutti'u,ntthwk AUgj
Rl» Gr. Weu’11. , 31 wk** Auk' 4 ,"00 00,700 1,121,229 1,590,298
73,291
61,744
BgfcT*a«#o»»« II July. __ _
14,980! 11.021
55,0.32
52,060
8,011
-.452
SaK.Val. A0t. 1. July.........
1,03
*,670
9*28,706
St L A, IT . H. l.hwkAug 4l,!0Oj 39.990!
—
.
15,603
17,054
»t-LK«n'«tA.8*i July____
2.2-1'
2,020|
Bt.LSouthw'ru. tthwk Aug 101,200 132,200 3,073,3-4 2.708,732
8 t PaalA LXil'th July......... 151,220: 203,157; 978,070 1,059,313
Kan Am.it A.P. Jitne........I 146, >02! 101,907 853.236 601,116
3,114
39*2! . 3,-61
Bandcwy.dc tea, j uly..... „ j
54 2i
B.Eran.at.N.PtK*. 3>l wk Aug 19,328 19.0001 51*2,837 5*21,*291
8av. Am, 4t Moo.;j uly...
34,924 47,974! 297.369 270,106
.......... 1,552,427 1,653,202
0.>v.Ei•*. As West,(June...
30,970
39,144
Sitverton.____ _ July ...
**0*372' 10,841
150,759: 157,865 J
28.570 30,742
Sioux City A N«, jMay___
98,127
18.000 11,506' 132,921
South Bound.. .. .July__
60. PatitJe Co.—
Gat.Har.AES.A July....
314.809; 319,158 2 ,4 8 4 ,5 1 0 2 ,3 8 5 ,3 0 7
5 71,469
03,*36 «, ,752 6 4 9 ,2 8 3
Lnuw’uWest . July.........
385,030 371,079 2 ,9 7 9 ,8 0 9 2,72 4 ,7 0 2
M.irK.iii'sl.A I Juiv......
13*2,718
110.008
19,178' 17.991
S.Y .r.A lles. July ....
9*27,836
I 17.-.10 140,251 1,07 t,8 5 J
Tex.&N.Ori.. .luiy.
7
.8
9
2
,1
0
8
0
,7
0 3 ,1 9 7
A tla iitlc n y s .d . July......... 957,246 937,297
Pacltlc system July . ......... 3,047.000 3,195,167 19 ,7 7 3 ,1 3 0 19,400,901
2
7
,1
0
5
,3
0
4
2
6
,2
4 4 ,0 9 8
Totalotall.. July......... 4,004,246 4,132,404
CeastJhvJCul.) i June .... 890,SCO! 799,359 5 ,1 3 4 ,7 8 1| 4 .5 7 8 ,9 2 4
Seu.llitr. (Cal.)
9 5 9 ,8 0 9
A rissona I 'l *.. June....... ! 166,911 171,160 1,058,139'
501,542 5 0 2 ,9 4 0
New Met j.n**. Ju u e....... 1 74,513 82,431

THE CHRONICLE.

420
L a test E a rn in g s R eported.
RO A D S.

S p a r. U n. A Col.
S ta te n Isl. R . T.
S to n y C l.A C M t..
S u m m it B ra n c h .
L y k e n s V alley
T o t’I b o tli Co’s
T e x a s A P acific
Tex.S.V al& N .W
T o l.A . A .A N .M .
T ol.& O hio'C ent*
T ol. P . & W e s t..
T o l. S t.L .A K .C .
T ol. & So. H a v e n
U ls te r A D e l—
U n io n P a c ific —
O r.S .L . A U . N.
O r.R y . A N .C o.
U . P a c .D . A G .
B t.J o .& G d .Is l.
A ll o th e r lin es.
T o t.U .P .S y s.
C en t.B r.& L .L .
M o n ta n a U n ..
L e a v .T o p . A S.
M a n .A l.A B u r.
G r’Dd t o t a l /
V e rm o n t V a lle y
W a b a s h ..............
W ab . C hes. & W.
W e s t J e r s e y .......
W .V .C en.& P itts
W e s tV a & P itts .
W est. M a ry la n d .
W e s t. N .Y . & P a
W heel. A L . E rie
W il.C had.& C o n
W il. C ol. & A u g

Week o r Mo

1893.

J u l y ............
J u n e ..........
•Tune..........
J u l y ............
J u n e ........
J u l y ...........
J u l y ............
J u l y ..........
4 tliw k A u g
J u l y ...........
2d w k A pr.
4 th w k A ug
3d w k Auk
2d w k A u g
A p ril..........
J u n e ..........

*
8 9 ,8 0 0
608
9.251
1 4 7 .1 4 9
5.8 2 4
9 0 .3 0 7
8 6 ,9 5 4
17 6.3H0
1 6 5 .9 2 9
4,717
26,5 7 7
50.2 9 1
2 2 .2 7 2
3 5 ,7 4 5
2 ,0 5 8
4 0 ,0 8 9

! J a n l to L a test Date.

18 9 2 .

18 9 2.

18 9 3 .

j

* I n c lu d e s C o lo ra d o M id la n d i n 1 8 9 3 a n d 1 8 9 2 b o th f o r th e w e e k a n d
t h e y e a r to d a te .
t In c lu d e s M ilw a u k e e & N o rth e rn f o r a ll p e rio d s .
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 .
$ E a r n i n g s g iv e n a r e o n w h o le J a c k s o n v ille S o u th e a s te r n S y stem e T h e b u s in e s s o f th e L e h ig h V a lle y a n d L e h ig h A W ilk e sb a rre d e .
p a r t m e n t s is in c lu d e d in 18 93 . d I n c lu d e s e a r n in g s fro m f e r r ie s , e tc .,
n o t g iv e n s e p a r a te ly . XM e x ic a n c u rre n c y , e T ol. C ol. & C in. in c lu d e d
f o r t h e w e e k a n d s in c e J a n . 1 in b o th y e a r s . / I n c l u d e s o n ly h a lf of
lin e s in w h ic h U n io n P a c ific h a s a h a l f in te r e s t.

la te st Gross Earnings by Weeks.— The latest w eekly
earnings in the foregoing table are separately summed up as
follow s:
Our preliminary statem ent of earnings for the fourth w eek
of A ugust covers 58 roads and shows a loss of 1G'38 per cent
1893.

1892.

*
7 8 ,7 7 7
3 7 ,9 1 5
9 6 ,0 8 4
1 2 0 ,6 0 3
5 8 9 ,0 0 0
3 0 8 .4 8 7
1 0 8 ,9 4 4
8 0 6 ,1 8 1
4 2 ,2 6 5
1 7 ,5 9 6
4 0 8 ,7 8 8
2,4 0 8
1 6 5 ,6 0 0
3 3 ,3 8 1
9,881
4 0 ,1 8 6
6 5 ,1 0 3
5 8 ,7 1 0
1 1 ,2 1 7
5 ,3 3 9
38 S ,3 0 5
9 5 ,7 6 6
4 2 ,8 9 7
1 0 ,7 2 7
6,631
9 7 ,7 6 8
8 ,0 6 9
7 ,9 7 8
1 5 ,3 1 4
9 5 ,2 4 5
4 5 ,5 5 7
4 9 2 ,6 7 5
1 0 2 ,5 7 9
1 9 0 ,6 9 3
1 0 9 ,4 9 4
5 6 ,0 0 0
1 1 2 ,4 7 9
2 4 0 ,7 7 8
6 7 0 ,3 9 7
1 ,5 9 3
1 3 3 ,7 2 8
1 6 3 ,9 6 9
2 1 ,4 9 7
2 5 ,1 0 2
6 5 ,4 0 9
8 ,1 2 5
4 1 ,1 6 0
1 0 1 ,2 0 0
1 6 5 ,9 2 9
5 0 ,2 9 1
4 3 4 ,0 0 0
43 ,1 5 4

$
8 8 ,9 1 8
4 4 ,3 3 2
9 2 ,4 5 8
1 3 5 ,2 8 7
5 8 0 ,0 0 0
3 3 2 ,2 9 1
1 0 7 ,307
9 8 s , 149
5 6 ,7 7 7
2 5 ,3 1 3
5 1 8 ,7 8 4
4 .8 6 5
2 9 0 ,1 0 0
4 2 ,5 8 3
1 6 ,8 0 4
41,814
79.361
73,541
1 5 ,4 5 7
6,9 7 0
3 3 4 ,9 8 2
1 2 2 .8 5 8
47.6 6 1
10.09U
8 ,9 3 0
1 4 3 ,6 4 9
2.551
5 ,6 4 0
11 ,6 2 1
1 2 2 ,6 8 3
5 1 ,7 1 6
6 3 9 ,1 2 0
1 0 9 ,3 0 2
1 8 5 ,4 2 6
1 6 3 ,6 4 5
5 5 ,0 7 0
6 6 ,5 2 2
3 2 4 ,8 7 9
9 8 7 ,0 6 7
2 ,2 4 8
1 2 0 ,2 4 2
1 9 7 ,2 4 5
22,501
3 0 ,1 1 3
6 9 ,4 8 7
2 6 ,3 0 3
35,301
3 9 ,9 9 0
1 3 2 ,2 0 0
1 8 9 ,0 3 8
6 9 ,6 8 2
5 0 4 ,0 0 0
4 3 ,0 4 0

7 ,0 7 8 ,5 3 2
..............

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

B a lt. A O hio S o u th w e s t.
B u ifa io K och. & P ittR b ’g.
B u rl. Ced. R a p . & N o rth .
C h ic ag o & E a s t. Illin o is .
C h ic a g o M ilw . A St. P a u l.
C h icag o & W e s t M ich ig an
C in. J a c k s o n A M ack in aw
C lev. C in. C hic. A S t. L . .
C u r r e n t R iv e r .....................
D e n v e r & R io G ra n d e . . .
D e tr o it L a n s in g A N o rth .
E v a n s v . A In d ia n a p o lis ..
E v a n s v . & T e rr e H a u te .
F l i n t & P e r e M a r q u e tta .
G ra n d R a p id s & In d ia n a .
C in c in n a ti R . & F t. W -.
G ra n d T r u n k o f C an ad a*
I n t e r n ’l & G t. N o rth ’n . . .
I o w a C e n tr a l.......................
K a n a w n a A M ic h ig a n ___
K a n . C ity C lin. A S p rin g .
K a n . C ity F t. S. A M e m ..
K a n . C ity P it ts . A G u lf...
K a n . C ity S u b u r b a n B e lt.
K e o k u k A W e s te rn ............
L a k e E r ie A W e s te rn .......
L o u is v .E v a n s v . A S t. L ..
L o u isv ille A N a s h v ill e ...
L o u is. N . A lb a n y A C h ic.
M e x ic a n C e n t r a l...............
M e x ic a n N a tio n a l.............
M e x ic a n R a ilw a y t ............
M in n . S t. P . A S. S te . M ..
M o. K a n s a s A T e x a s ........
M o. P a c . A I r o n M t ...........
N ew O rle a n s A S o u th ’ll..
N . V . O n ta rio A W e ste rn
N o rfo lk A W e s te rn .........
P e o ria D ec. A E v a n s v .. .
Pi tts b u r g A W e s te r n ........
R io G ra n d e S o u th e rn ___
S t. J o s e p h A G d. I s la n d ..
S t. L o u is A lto n A T. H ..
S t. L o u is S o u th w e s t’n . . .
T o led o A O hio C e n t r a l ...
W h ee lin g A L a k e E r ie . .
T o ta l (53 r o a d s ! ..............
N e t d e c r e a s e d 6*3 8 p. o .)

t W ee k e n d in g A u g u s t 2 6 .

For the month of A ugust 92 roads (all that have furnished
statements as yet) show aggregate results as follows:

$
1 $
$
M on th o f A u gu st.
1893.
1892.
7 3 5 .3 9 7
D ecrease.
P er Cent.
768,819)
82.1 1 8
1 1.2(51
13.444
6,0 6 2
$
5 5 .1 7 5
$
8.1 4 5
51.9*11
$
6 1 4 .5 4 3 G ro ss e a r n in g s (92 ro a d s ) 32.721.844 36 ,6 1 4 ,0 2 7 3 ,8 0 2 ,1 8 3
10*63
1 5 5 ,405
6 0 3 ,2 7 5
1 4 ,1 9 3 I
5.674
1 4 .8 4 >
It w ill be seen there is a loss in the large amount of $3,892,7 4 2 ,6 0 8
7 4 3 .2 2 0
9 6 .9 3 8
5 9 6 .9 7 9 183, or 10-63 per cent.
6 3 9 ,2 9 4
8 9 ,1 0 8
1 8 6 .0 4 6 1 ,3 8 1 ,8 9 7 1 .3 3 0 .1 9 8
1 8 9 ,0 3 8 4 ,2 0 9 .5 9 2 3 .9 6 0 ,1 9 1
2 7 ,0 4 6
3 0 .8 6 7
5 ,6 4 7
Net Earnings Monthly to Latest Dates.—The table fol­
3 3 9 .0 0 4
1 9 .6 5 5
2 * 0 ,2 6 5
6 9 ,6 8 2 1 ,2 7 3 ,0 8 1 1 ,2 2 9 ,7 6 7 low ing shows the net earnings reported thi3 w eek. A full
6 0 5 .2 5 4 detailed statement, including all roads from w hich m onthly
2 1 .9 0 0
5 9 5 ,1 4 8
5 4 ,6 9 2 1 ,0 9 0 ,2 4 3 1 ,2 5 9 ,7 5 3
7 .8 3 7 returns can be obtained, is given once a month in these
2,1 7 7
6,6 1 1
1 7 1 .2 5 4
3 6 ,8 2 5
1 8 0 ,1 4 7

J u n o .......... 6 1 0 ,1 4 7 661,991 3 ,1 9 9 ,5 1 6 3 .2 9 1 ,8 3 3
J u n e .......... 3 3 7 ,9 6 2 4 1 1 ,6 3 3 1 ,8 5 5 ,5 1 0 1 ,9 6 0 ,4 7 5
J u n o .......... 4 4 1 ,8 2 5 5 1 9 ,0 0 2 2 ,7 5 0 ,8 9 0 2 ,7 1 8 .9 2 0
7 5 8 ,7 7 4
7 7 0 ,6 4 0
35.301
4 th w k A u g
2 8 ,0 5 5
J u n o ......... 1 ,7 5 1 ,9 5 9 2 ,0 3 7 ,3 9 2 1 0 ,034.861 1 0 ,5 3 8 ,156
J u n e .......... 3 ,2 2 9 ,3 5 5 3 ,7 5 6 ,7 7 3 1 8 ,4 3 9 ,0 2 8 1 9 ,0 7 7 ,5 1 5
6 0 5 ,0 8 3
66,1*24 1 0 9 ,137
5 2 9 ,2 9 1
J u n e ..........
5 5 3 ,6 6 5
9 4 ,0 9 9
1 0 3 ,1 4 6
4 1 7 ,1 7 6
1 8 ,128
2
,4
3
7
1
2
,8
2
9
1 ,6 1 5
J u n e ..........
1 9 ,5 5 7
2 ,7 0 3
2 ,8 2 5
20,971
J u n e .........
1
9
,9
7 8 .2 7 3
3
,9
2
0
,4
1
2
1 9 ,1 9 3 .8 1 0
J u n e .......... 3 ,3 4 4 ,6 8 7
8 9 ,861
8 8 .6 0 4
9
,0
1
0 ,3 6 2
4 tk w k A ug 4 3 4 ,0 0 0 5 0 4 ,0 0 0 8 ,9 0 6 ,3 4 3
3 4 ,3 9 7
5 ,5 0 2
J u n e ..........
8,9 2 8
4 7 ,5 6 2
9 2 0 ,2 1 0
9 6 4 ,1 2 0
J u l y ............ 1 9 8 .4 8 7 2 0 8 ,5 6 3
6 3 0 ,1 9 3
8 9 ,4 4 9
8 3 ,5 8 3
7 0 2 ,0 8 7
J u l y ..........
1 4 6 ,4 9 7
2 7 ,3 1 2
1 8 9 ,8 1 4
J u n e ..........
4 2 ,5 5 6
5 6 6 ,2 6 5
6 7 2 ,7 8 3
J u l y ............ 1 0 9 ,4 8 5 1 0 4 ,7 1 5
3d w k Auk
6 7 ,7 0 0
7 2 ,8 0 0 2 .3 2 3 ,1 9 9 2 ,1 4 5 ,2 4 9
4 3 ,0 4 0 1 ,0 2 4 ,2 9 6
9 4 1 .3 2 1
43 ,1 5 4
4th w k A u g
2,151
13,995
J u r e ..........
2.0 3 9
11,891
4 1 2 ,'i 01
J u n e ........
4 4 ,5 4 3
5 3 ,1 7 6
3 3 6 ,5 4 0

4 iii w eek o f A u gu st.

[VOL. LV1I,

In crea se.

$
3 ,6 2 6
9 ,0 0 0
1.637

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

Decrease.

$
1 0 ,141
6 ,4 1 7
1 4 ,6 8 4
2 3 ,8 0 4
1 8 1 ,9 6 5
1 4 ,512
7 ,7 1 7
1 0 9 ,9 9 6
2 ,4 5 7
1 2 1 ,5 0 0
9 ,1 9 9
6 ,9 2 3
1,628
1 4 ,2 5 8
1 4 ,831
4 ,2 4 0
1,631

3,3 2 3
637
5 .5 1 8
2 ,3 3 8
3 ,6 9 3

5 ,2 6 7
930
4 5 ,9 5 4

1 3 ,4 8 6

1 ,1 7 0

114

2 7 .0 9 2
5 ,2 6 4
2 ,2 9 9
4 5 ,881

columns, and the latest statem ent of this kind w ill be found
in the C h r o n i c l e of A ugust 19. The next w ill appear in the
issue of September 23.

,----- Dross E a rn in g s .— —. .------ X et E a rn in g s .— —,

18 9 3 .
1892.
$
$
A t. T. & S. F e 8 y s .. b J u l y 3 ,0 0 3 ,3 2 3 3 ,2 6 7 ,2 2 9
J a n . 1 to J u ly 3 1 ___ 2 2 ,4 9 7 ,0 0 5 2 1 ,2 5 4 ,8 5 9

18 9 3 .
$
8 7 8 ,5 5 0
6 ,3 3 5 ,4 8 2

1892,
$
1 ,0 1 3 ,5 3 3
5 ,9 9 6 ,0 1 7

S t.L .& S a n F r .S v e .b J u ly
7 1 9 ,3 1 9
7 5 0 ,8 1 7
J a n . 1 to J u ly 31 . . . 5 ,0 4 5 ,2 1 5 4 ,7 2 5 ,4 1 7

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

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

A g g re g a te T o t a l . b J u l y 3 ,7 2 7 ,6 7 2 4 ,0 1 8 ,0 4 6
J a n . 1 t o J u l y 3 1 ....2 7 ,5 4 2 ,2 5 0 2 5 ,9 8 0 ,2 7 5

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

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

Roads.

C hic. & W. M ic k ........J u l y
1 4 8 ,2 9 1
J a n . 1 to J u iy 3 1 . . . . 1 ,0 9 0 ,5 0 0

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

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

3 4 ,4 2 6
2 7 8 ,8 3 3

D en. & B . G ra n ile .b . J u l y
4 7 8 ,8 9 1
J a u . 1 t o J u l y 3 1 ___ 4 ,7 s 7 ,3 2 3

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

11 0 ,7 1 3
1 ,8 8 8 ,9 3 2

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

1 0 2 ,0 4 9
6 6 4 ,9 4 0

16,611
1 1 6 ,4 1 3

3 5 ,0 5 1
1 4 9 ,5 3 5

Illin o is C e n t r a l .. .. a . J u l y 1 ,7 8 9 ,7 3 6 1 ,4 4 9 ,5 6 6
J a n . 1 to J u ly 3 1 ....1 1 ,6 9 0 ,5 6 7 1 0 ,5 6 5 ,7 1 4

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

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

D e t. L a n s. & N o r . a . . J u ly
J a n . 1 to J u ly 3 1 ___

K a n .C . M em . & JB .a. .J u ly
J a n . 1 to J u ly 3 1 ___

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

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

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

M e x ic a n C e n tr a l....... J u ly
5 8 0 ,3 8 9
J a n . 1 to J u l y 3 1 ___ 4 ,6 3 9 ,4 9 3

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

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

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

M ex ican N a tio n a l. . . J u l y
3 1 5 ,4 3 3
J a n . 1 to J u l y 3 1 . . . . 2 ,5 3 3 ,9 2 8

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

*120.203
*916,433

*165,985
*79 2 ,5 7 2

M inn. & S t.L o u is .a .- J u ly
J a n . 1 to J u ly 3 1 . . . .

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

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

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

N .Y . O n t. & W e 3 t.a . . J u l y
3 9 8 ,0 9 1
J a n . 1 to J u ly 3 1 ___ 2 ,2 0 4 ,0 7 2

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

4 6 ,1 3 4
3 0 8 ,6 * 6
1 3 6 .5 7 1
5 0 4 ,8 0 1

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

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

8 .4 3 8
9 1 ,2 3 3

9 ,2 2 4
9 6 ,2 9 6

O hio & M is s is s ip p i.a J u ly
3 2 3 ,5 9 7
J a u . 1 to J u y 3 1 . . . . 2 ,3 9 1 ,2 6 2

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

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

8 2 ,6 2 6
4 2 4 ,0 0 6

P h ila d e lp h ia & E r ie .J u i y
4 5 4 ,1 9 3
J a n . 1 to J u ly 3 1 . . . . 3 ,0 0 4 ,2 3 2

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

1 0 0 ,7 8 9
9 4 8 ,4 7 9

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

8 ,4 5 2
5 5 ,5 8 2

8 ,0 1 4
5 2 ,8 6 0

3 .7 7 7
1 7 ,7 0 5

3,5 7 2
1 3 ,178

S o u th e rn P a c ific Co.—
G al. H . & S. A n t.b . J u l y
3 1 4 ,8 0 9
J a n . 1 to J u ly 3 1 .. 2 ,4 8 4 ,5 1 0

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

5 0 ,0 5 3
5 5 3 ,2 4 7

4 2 ,0 6 0
3 8 4 ,8 0 8

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

3 9 ,3 5 0
2 9 5 ,9 8 3

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

M’g a n 's L a . & T . . b J u l y
3 8 5 ,0 3 0
3 7 4 ,8 7 9
J a n . 1 to J u ly 3 1 . . 2 ,9 7 9 ,8 0 9 2 ,7 2 4 ,7 0 2

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

1 4 ,4 3 1
3 2 0 ,8 3 3

N o rfo lk & S o u th e r n .J u ly
J a n . 1 to J u i y 3 1 ___

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

O co n ee & W e s te r n ...J u ly

2 ,2 2 6

S ag. V a lle y & S t. L .. J u l y
J a n . 1 to J u ly 3 1 . . . .

L o u is ia n a W e s t . .b J u l y
J a n . 1 to J u l y 3 1 . .

8 3 ,9 3 6
6 4 9 ,2 8 3

d e f.6 .3 0 5 d e f.1 3 ,3 3 9
4 1 ,7 9 0
6 5 ,6 2 2

1 ,1 2 6

1 9 ,1 7 8
1 3 2 ,7 3 3

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

3 ,7 8 3
3 1 ,8 6 7

4 ,6 4 6
1 6 ,3 5 6

T exas & N. O b ...J u ly
1 4 7 ,6 1 8
J a n . 1 to J u l y 3 1 . . 1 ,0 7 4 ,8 5 9

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

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

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

A tla n tic s y s te m .b .J u ly
9 5 7 ,2 4 6
J a n . 1 to J u l y 3 1 .. 7 ,3 9 2 ,1 6 8

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

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

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

P a c ific s y s te m .b ._ J u ly 3 ,0 4 7 ,0 0 0 3 ,1 9 5 ,1 6 7
J a n . 1 to J u l y 3 1 . .1 9 ,7 7 3 ,1 3 8 1 9 ,4 6 0 ,9 0 1

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

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

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

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

N .Y .T e x . & M . . . b . J u l y
J a n . 1 to J u ly 3 1 . .

T o ta l o f a ll.b . . . J u l y 4 ,0 0 4 ,2 4 6 4 ,1 3 2 ,4 6 4
J a n . 1 to J u l y 3 1 ..2 7 ,1 6 5 ,3 0 4 2 6 ,2 4 4 ,0 9 8
4 7 1 .3 8 9
T e x a s & P a c ific ..........J u ly
J a n . 1 t o J u l y 3 1 ___ 3 ,7 5 6 ,7 8 5

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

a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c tin g ta x e s ,

b N e t e a r n in g s h e r e g iv e n a r e b e fo re d e d u c tin g ta x e s .
2 7 .4 4 3
6 .1 5 9
1 4 6 ,4 4 5
6,7 2 3
5 1 ,1 5 1
8 4 ,101
3 1 6 ,6 7 0
6 55
3 3 ,2 7 6
1 ,0 0 4
5 ,0 1 1
4 ,0 7 S
1 8 ,1 7 8
7,2 4 9
3 1 .0 0 0
2 3 ,1 0 9
19,391
7 0 .0 0 0

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

* A fte r d e d u c tin g o th e r e x p e n d itu r e s fo r r e p a irs , r e p la c e m e n ts a n d
g e n e r a l e x p e n s e s , n e t in c o m e a p p lic a b le to in t e r e s t o n b o n d s in J u l y
w a s $ 6 8 ,6 6 5 , a g a i n s t $ 1 3 0 ,6 7 0 l a s t y e a r , a n d fo r s e v e n m o n tb s $ 4 9 4 ,9 3 3 ,
a g a in s t $ 5 8 9 ,3 9 7 . M e x ic a n d o lla r s a re t r e a t e d a s e q u iv a le n t to 8 0
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
o h a rg e d in tb e a b o v e ite m s .

Interest Charges and Surplus.—The follow ing roads, in
addition to their gross and n et earnings given in the foregoing,
also report charges for interest, &c., w ith the surplus or deficit
above or below those charges.
r - l n l e r ’ t, ren ta ls, etc.—, r -B a l. o f y e t E a rn s.—,

1893.
18 9 2 .
$
$
A tc b . T. & 8. F e S y s .J u ly
9 4 2 ,0 0 0
9 1 9 .0 0 0
2 7 5 .0 0 0
S t.L . & S . F . S y s .. .J u l y
2 8 5 ,0 0 0
A g g re g a te t o t a l __ J u l y 1 ,2 2 7 ,0 0 0 1 ,1 9 4 ,0 0 0
C bic. & W est M ic h ..J u ly
3 2 ,7 5 9
2 3 ,9 9 9
1 6 7 ,3 8 7
J u n . 1 to J u ly 3 1 . —.
2 3 0 ,0 8 1
2 6 ,4 0 0
D et. L a n s. & N o r___J u l y
2 6 ,1 0 0
1 8 3 ,9 2 3
J a n . 1 to J u l y 3 1 ___
1 8 3 ,6 2 6
3 7 ,3 8 4
K a n . C. M em . & B ir .J u ly
3 9 ,1 0 7
4 ,5 5 6
Sag. V a lle y & S t. L . J u l y
4 ,5 5 6
J a n . 1 to J u ly 3 1 . . . .
2 5 ,8 9 6
2 5 ,8 9 6
R oads.

1893.
1892.
$
$
1 1 .5 5 0
1 6 9 ,5 3 3
d e f.3 3 ,7 8 9
8 ,8 1 9
d e f.2 2 ,2 3 9
1 7 8 ,3 5 2
d e f.1 9 ,1 8 0
1 0 ,4 2 7
d e f.5 7 ,3 1 5
1 1 1 ,4 6 6
d e f.9 ,7 8 9
8 ,6 5 1
d e f.7 0 ,2 1 3 d e f.3 4 ,3 8 8
d e f.4 5 ,4 1 3 d e f.5 0 ,7 2 3
d e f.7 7 9
d e f.9 8 4
d e f.8 ,1 9 1 d e f,1 2 ,7 1 S

S eptember 9, 1893.]

ANN U AL REPORTS.

THE CHRONICLE.

421
GENERAL BALANCE JUNE 30 .

1S92.
1893.
Assets—
$
$
Road and equipment................................... 12,276,953 }
24,073,234
do
do
C. A: f. Iliv.................... 6,373,114 >
I n v e s tm e n ts ............................................................... ..
923.ft43
932,047
Materials on hand.........................................
179 652
220,345
12*3,278
Agents and conductors.................................
116,867
Roads. Individual and companies.................
229,917
339,213
Chase National Bant, coupon, Ac., account..
167,980
99,650
cash ....................... .....................................
92 363
73,070
C. A W. I. sinking fund.................................
98.314
120,750
Cars in car trust.................................... .. .
125,425
89,175
Indlauipuils Terminal................ ...............
Miscellaneous................................................
22,287
4,375
.......... .... . ......................................
3o8.325
308,984
21,073,031 26,283,533
L u ib ilitr s —
6,400.000 12,000,000
12,800,000
Coupons and interest............................
319.2*3
250,728
Chase National Bank, special account.
419 39-1
Buis payable........................................
309,989
450,206
Am Express Co. special loan...............
156,250
143,750
550,555
Audi>«d vouchers aud pay-rolls..........
544,049
D ue to ro a d s , in d iv id u a ls , Jcc....................
117.859
93,803
21.073.631 26,288,533
D enver & Rio G rande R ailroad.
(F a r the year ending June 80, 1893. J
The annua! report has been issued in p tm p h let form for the
year ending Ju n e 30, 1393. The remarks of President E. T,
Jeffery will be found in fall, together with valuable tables,
on subsequent pages of this issue.
The following com parative statistics have been compiled
for the Choniclb :

L ouisville New A lbany & Chicago R ailw ay.
F or the year ending Jane 30, 1303.)
The annual report states th at the mileage in operation was
the same as for toe preceding year, viz., 887 i n t o . The in­
crease of gross earnings was 8318,380 over the preceding
year and 8696,170 over the year ending June 30, 1891, the
year preceding the inauguration of the present managem. nt.
President Samuel Thomas says: “ The policy outlined tn
previous reports has been steadily pursued, of improving
gradually the physical condition of the property and its
eq u ipm ent; and immediate results have appeared'in corres­
ponding increase or gross and net earnings. The entire main
fine is now for the first tim e laid entirely in steel, the only
iron rails remaining in the road being the thirty-four miles
in the narrow-gauge branch to Switz City. F urther pur­
chases of engines and freight care were demanded by the
pressing requirem ents of rapidly growing traffic; and the
passenger equipment, though largely increased, has been
taxed to its utm ost by the business of the Chicago Exposi­
tion, and will thereafter prove rto more than is requisite for
the proper accommodation of the ordinary traffic of the line.
New iron bridge* were added where essential for the safe
conduct of the business ; but r>o expenditures have been in­
curred except such as were of immediate and pressing neces­
sity.
"A t the m eeting of the stockholders heid A pril 13, 1893,
the creation of 84.000,000 of preferred stock was authorized,
to provide capital wherewith to meet the expenditures on
OPERATIONS. ETC,
capital account above referred to and similar ones fr-rn time
133900. 1390-91. 1391-92. 1*92-93.
to time hereafter. At the same tim e the creation of $3,000,000 Mile* operated (average)........
1,640
1,640
1.407
1,579
t'q mipMSM l—
of sim ilar preferred stock was authorized, to carry out the
L
o
c
o
m
o
tiv
e
s
(«t.
&
n
»
r.
g
a
u
g
e)
303
303
300
239
plan for retiring the existing Jt2,000.000 common stock and Freight car* !»u>ud. gauge!...
2,533
2.523
2.5 43
1.2*3
substituting therefor $3,000,000 preferred and 89,000,000 com­ Freight fare (u*r. gsuce)......
4.493
4,731
4.560
5.353
107
107
34
96
mon. The greater part of the stockholders have already de­ P»-*eo, c a r* l-r a u d . g a u g e ) ....
-on. «»r* mar. gauge........
151
111
137
131
posited their stock in assent to the plan of exchange, an l the 1-uOperations—
lim it of September 30 has been fixed for the completion of
694.810 073,735 5*3,833 056.3°9
the operation. New securities will be delivered as speedily Freight tarried (ton*,............1,833,87* 2,093,000 1,901,253 2,488,079
as practicable thereafter."
*
*
*
1 A USINGS ANU KXI-KNSB-,
"The new expenditure for improvements under the present
1989 90. 1890-91. 1891-92. 1892-93.
Earnings (ram—
S
*
3
3
m anagem ent am ounts to more than 81.830,000, as detailed in
F
re
ig
h
t
.........................................5
.7
the annual reports, showing a contribution of new valuta P a s s e n g e r * .......................................1 .74134.2.15104 61.1,78393.3,50208 01.,0 1075.0.24342 01.5.70892,5,97937
am ounting already to nearly half the am ount of existing pref­ MM-eiUm-m*........................ 905,772 926,033 Sus.070 965,140
erence stock, without reference to the value of the equity iu
Tivtnl earnings .................. 8.303,130 8,839.921 *.830,910 9,317,*10
tiie property previously ex sting.
E r p e n le s f a r —
" I t is worthy of note that this company’s one-fifth owner­ R*»fw«7
............................. 961,970
053.492 1,050,823905.301
ship in the Chicago A W estern Indiana & B>-]t Terminus Krt’i«e» nod buildings............ 104.314
2*2.952 104,818141,518
Hotting
slue*..........................
701,755
7M5.U53
577,«79011,379
stands upon the books at 3367,500. It is probably worth ten
2,591.110
3,027007 2.671,8173,209.420
times this am ount, a sum fully equal to the entire preferred TnuMuOrtutkm.......................
Coming-nt............................ 140.703
107.545 150,434110.972
stock outstanding.
Ucoeret........................
3u2,0s7
321,195 300.122303,485
“ The stockholders have been disturbed from time to time
T'al
expeures
...............4.803,354
5,510,303
8,121,‘-9*
5,289,084
by reports of litigation affecting the company. The law officeis
of the railway company advise th a t there is no occasion for Xidt-amlng* ..................... ...8,539,705 3,340,01s 3,709.353 4,035,502
50-09
5S 00
disquietude bv reason of these suits, the object of which teem s l'er cent of expeuasa to earn*. 57-4,3 62-20
IN CO M E ACCOUNT.
to be other than the prosecution of legitimate claim*. The
1802-93.
1890-91.
1891-92.
present time is one of depression iu railway circles, but
E etH pU 8
8
the company is to be congratulated on the fact that thus far Net
4.03.1.502
.rntoc-.......................... 3,310,018
3,709.353
it* earnings show a constant increase, which it is hoped will Other Income..........................
51,>75
18,417
03,550
continue, at least during the period of the World’s Fair at
3.772.903
4 ,0 9 0 ,1 3 7
Total.........................
3,359,005
Chicago. Should a tem poral? falling off in traffic then become
D is b u r s e m e n ta—
appan nt it can tie readily equalized by corresponding savings Interest *.r} bends__ _
1,980,675
1,980.675
1,941.905
I 17.331
2.841
in operating expenses."
*
*
*
Interest. discount nail exeh ..
43.077
352,088
302,127
319,192
The operations, earnings, dec., for two years have been com­ Tuxe* and KisuntMM..............2 10,000
210,000
Betrerroent*
and
renewal
fund
259.910
piled for the Uhronkxk as below.
473,000
Dividend* on preferred stock..
591,250
100.134
122.659
oft ration*.
Miscellaneous.........................
94.189
1991-92,
1892-03.
2,858,792
3,100,328
Total..................................
3,252.329
Mites operated June 30 ...............................
337
337
014.111
929,309
100,733
.Passenger* carried.......................................
903.335
9*1.028 Surplus....................
Passenger* carried one mite......................... 31.111,9*8 45.73«.S<)8
fiAi.sKCts
30.
Kate per passenger per Bute...... .................. 3-047 ett.
Ie re .
1893.
18.91.
1892.
Freight itooei earned................................... 1.394,'Ot
1 / 3a,324
Assets—
i
9
Freight done* carried one tulle................. ...2i0.429.798 262,591.485 Cost
101.013,810
100,929,313
of
road..............
100,9*3,153
Kate per ton per wile.................................. 0-869 cti.
0-883 cm. Equipment.............................. 5,741,934
5,150,438
0,0/9.540
i:»iotsi,i aso u r u s t e .
4*2,327
504,830
- a te r ia •ls n u d• s u p p ••
8*0,139
M
lie s ..
261,780
237,9 to
218.*25
189192.
1892-93 Agents and conductor*.........
33,000
Earnings—
390,060
400,2*0
Bills
receivable..............
......
*
245.730
411,981
Passe alters.......................... ......... ................
72 4.1 u
701,530
806,754 I n d iv id u a l* n m l c o m p a n ie s ...
1,200,615
8*9,530
Freight ......... ........................................... 2,139,357
507,7*0
OecurUie*
tn
treasury............
2,321,098
397,483
277,459
Mail.expn -■ and mi-ttxUuheooa.......... . ...
221,221
22-, 6 in *!--• 1st renew al f u n -1 .................
Standard-gouge account.......
150,033
Total Saratoga........................................ 3,067,103
102.816
130,109
3,110,467 M isc e lla n eo u s a c c o u n ts ............
503,948
427,557
700,019
Expenses—
Cash................. ....................
Maintenance ot way and atrueturo...............
387,000
363,309
110,412,756
110,271,021
109,489,104
Maintenance of equipment............................
275.103
203.770
Total asset*..............
Transportation.............. ............................... 1,179.796
1,277.552
Mst’Uilirs—
Ceoerat.........................................................
259.212 Capital stuck, common........... 3*.000,000 38,000,000 38,000,000
223,273
Taxes...........................................................
84,794
166,962 Capitol stock, preferred......... 2i,65u,ooo 23.630.000 23.010.000
0,382,500
0,382,800
1-t mortgage bond*. 7 percent 8,392,300
T o tal.......... .......................................... 2,114,94*
2,35.1,865 1st cons, rriurt. bands, 4 t>. ft.. 28,135.000 28.436.0 O 28.435.000
8,050,000
8,050.900
Improv. tnort bonds, 5 p. o.... 8,05<i,000
Net earnings...............................................
1,060,622 Betterment
952.160
■117,493
307,451)
fund....... .............
183,190
Per cent of operating expenses to earnings..
68 96 Voucher*..........................
03-90
402,919
527,832
927.074
425,180
401.904
INCOX* ACCOUNT.
Pay-rolls, o .e ......................
655.4 12
715,000
893.200
1891-92.
1892-93. Is-ans payable .......................
RrretpU—
111.952
8
Bills payable..........................
817.349
S
40,851
4,929
Net earnings....................... .........................
9 0 .4 5 6
1,060.622 I ruffle b a la n c e s ..............................
952.160
108,001
10.*,i 04
74.100 Accrued Interest <>u bonds......
Dividends.....................................................
45,000
109,003
598,013
606.015
t ’impnn*.. . . ____ . .. .. .. .. ___
572.920
227,878
219,255
T»t#i....................................
. .
1,135,022 Miscellaneous.........................
997,160
110,7 a5
Binburmm trt- *•*
Totat liabilities..................108,713,870 1 0 7 ,5 1 1 ,3 8 0 1 0 0 ,8 3 3 ,8 5 0
TaterMt on botid*........................................
740.000
740,000
Rentals ........................ ............................
11-3.001
11*1,031 Bal to ered t of profit and loss,
23,*10
Interest and discount,...................................
28.243
being excess of assets over
2.65 5 ,3 0 8
2,72 6 ,0 3 9
ail liabilities......................... 1.728.893
Total.................... ...................................
054,841
931,244
Surplus........................................................
Total..............
110,442,756 110,271,021 1 0 9 ,4 8 9 ,1 6 4
65,916
180,191 l

THE CHRONICLE.

422

[VOL. LVII.

and of that amount $4,600,000 w ill be deposited with the
Central Trust Company of this city to reneem all the out­
standing bonds of the company. The last issue of bonds by
this company was made in 1874. Since then large su tts have
been expended in increasing the plant and business of the
company, and the outlay therefor has been paid from earniDgs. The scrip to be issued in payment of the dividend
1892-93.
recently declared, when presented to the Cemral Trust Com­
*
3 3 .9 7 5 ,0 5 5 pany in lots of $1,000, or multiples thereof, w ill be exchanged
2 2 ,4 8 8 ,1 0 8 for bonds of the proposed issue, as soon as ready for delivery,
1 1 ,4 3 6 ,9 4 7 which w ill be w ithin the n ext thirty days.
1 2 2 ,1 4 0
Denver & R io Gra> de.—The new Ruby anthracite coal
1 1 ,6 0 9 ,0 8 7 branch of the Denver & Rio Grande R.R. Co. has been opened
for regular traffic. It is 11 miles long, extending from Crested
7 ,0 6 5 ,2 1 6 Butte, Col., to the mines of the Colorado Fuel Co., where a
1 ,7 5 1 ,3 5 7
17 p . c.) large anthracite coal breaker is now being built at a cost of
1 ,8 3 8 ,3 0 6 $100,000. President Jeffery and a party o f the com pany’s
(4 p. c.) officials made an inspection trip over the road a few days ago.
2 1 ,4 7 0

Chicago M ilw aukee & St. P a n l R ailw ay.
( F or the year ending June 30,1893.^
In advance of the complete report, the statem ent of earnings
and chargfs has been given out. W e add previous years’ re­
sults for comparison.
INCOME ACCOUNT.
1889-90.
1890-91.
*
$
.2 6 .4 0 5 ,7 0 7 2 7 .5 0 4 ,2 2 4
.1 7 ,1 7 3 .0 9 7 1 8 .3 6 6 ,5 0 0

1891-92.
$
3 2 .2 8 3 .5 0 8
2 0 ,8 1 5 ,0 0 4

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

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

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

. 9 ,4 5 2 ,6 3 5

9 ,5 5 6 ,1 4 9

1 1 ,7 0 5 ,8 5 8

7 ,2 1 4 ,1 5 5
. 1 ,2 9 6 .8 2 8
K a te o f d iv id e n d ____. (6 p. c.)
D iv id . on com . sto ck ,
R a te o f d iv id e n d ........
M isc e lla n e o u s .............

7 ,2 3 7 ,2 5 2
1 ,5 3 2 .1 5 2
(7 p. c.)

7 .1 6 1 ,7 3 6
1 ,5 7 2 .6 1 2
(7 p . c.)

8 4 ,2 1 7

1 1 2 ,4 1 4

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

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

O th e r i n c o m e .
D isbu rsem e lite i n t e r e s t o n d e b t.

S u r p lu s ................

— K ie m a n ' s N e w s L e tte r .

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

Staten Island R apid T ra n sit R a ilro a d .
( F or the year ending June 30, 1893.^
Prom reports to the N. Y . State Railroad Commissioners the
follow ing is compiled. Betterments in 1893-93 were §26,915.
E AR N IN G S, EX PE N SE S A N D C H ARG ES.

18 9 1 -9 2 .
1889-90.
18 9 0 -9 1 .
*
$
$
9 3 0 ,7 0 5 1 ,0 3 0 .4 6 7 1 ,0 4 6 ,6 3 2
6
9
2
.3 9 1
6
8
4
.1
4
0
6 4 8 ,4 4 9

1 8 9 2 -93.
$
1 ,Of 4.031
7 1 6 ,0 6 4

3 4 6 ,3 2 7

3 5 4 ,2 4 1

3 3 7 ,9 b 7

O th e r in c o m e ..

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

3 4 6 ,3 2 7

3 5 4 ,2 4 1

3 3 7 ,9 6 7

D ed u ct —
I n t . o n b o n d s a n d l o a n s . ..
R e n ta ls ......................................
T a x e s .........................................

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

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

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

J 8 9 .9 0 5
7 9 ,8 5 0
2 4 .8 0 0

3 0 1 ,4 3 1
T o t a l................................... 2 9 8 ,8 8 4
2 9 7 ,- 5 0
5 2 ,8 1 0
S u r p lu s ..................................... d e f.2 ,9 0 4
4 8 ,4 7 7
GENERAL BALANCE SHEET JU N E 3 0 , 1 8 9 3 .

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

Assets.

Liabilities.

R o a d a n d e q u ip m e n t...$ 8 ,6 9 5 ,5 5 0 I S to c k , c o m m o n ..............
$ 5 f 0 ,0 0 0
O th e r p e r m a n ’t in v e s ts .
1 2 .6 0 0 F u n d e d d e b t ................... 8 , 0 0 0 ,0 0 0
4 3 7 ,2 0 4
D u e b y a g e n t s .................
4 9 ,5 0 0 L o a n s a n d b ills p a y a b le
D u e b y o th e r s .................
3 ,2 9 5 I n te r e s t o n b o n d s d u e
2 8 ,9 6 0
S u p p lie s on h a n d ...........
a n d a c c r u e d .................
7 8 ,6 5 0
C ash o n h a n d ...................
6 1 ,3 1 5 D iv id e n d s u n p a id ..........
1 8 ,0 5 0
2 8 8 .5 9 4 W ag es, s u p p lie s, e t c —
Co.’s a n d in d iv id u a ls ...
1 5 2 ,7 7 0
1
0
6
,8
6
2
6
0 .0 0 2
P r o f it a n d lo ss (d e f.). ..
C o .’s a n d i n d i v id u a ls ...
T o t a l . . . . ......................$ 9 ,2 4 6 ,6 7 6

T o ta l.

.$ 9 ,2 4 6 ,6 7 6

N ation al Linseed Oil Company.

The following balance sheet of this company on July 31,
1893, has been furnished to the Chronicle.
C apitalization—
$
1 8 0 ,0 0 0 s h a r e s co m m o n s to c k ................................. 1 8 ,0 0 0 ,0 0 0
B ills a n d a c c o u n ts p a y a b le ......................................... 3 ,2 8 9 ,1 1 5
A ssets —
R e a l e s ta te , b u ild in g s , s ta tio n s a n d m a c h in e ry ,
a s p e r l a s t a n n u a l s t a t e m e n t ................................... 8 ,9 8 4 ,2 2 1
C ash in b a n k ....... .............
1 5 0 .6 3 5
B ills a n d a c c o u n ts re c e iv a b le ................. 6 4 4 ,3 7 9
S to c k o n h a n d a s p e r in v e n to ry , co n ­
s is tin g o f lin s e e d o il. fla x s e e d , o il
c a k e , b a r r e ls , b a g s a n d o th e r p r o p ­
e r t y ........................................
3 .5 7 5 .8 5 9

2 1 ,2 8 9 ,1 1 5

T o ta l q u ic k a s s e ts ........................................ .......... 4 ,3 7 0 ,8 7 3
E s tim a te d v a lu e o f e n tir e p ro p e r ty a n d a s s e ts
o f th e c o m p a n y (as ab o v e), w ith o u t m a k in g
a llo w a n c e fo r g o o d w ill, & c.................................... 1 3 ,3 5 5 ,0 9 5
B a la n c e , r e p r e s e n tin g g o o d w ill, c o n tr a c ts ,
le a s e s , p a te n ts , p ro c e ss e s, b ra n d s aDd k in d re d
a s s e ts o f a n e s ta b lis h e d b u s in e s s ......................... 7 ,9 3 4 ,0 2 0
2 1 ,2 8 9 ,1 1 5
I 3 P F o r o i l i e r R a i l r o a d R e p o r t s se e p a g e 4 2 6 .

G EN ER AL IN V E S T M E N T N E W S .
Central o f New Jersey.—Ih e commissioners appointed
to condemn the water front at Florida Grove, N. J ., for the
Central Railroad of New Jersey, on account of the extension
of their lines fiom Bound Brook to Perth Amboy, have made
their award. They give §1.183 for the rip ariaD rights to the
property, and order the railroad to pay $7,463 damages.
Chesapeake & Ohio.—A party of railroadm en and exporters
left Chicago for Newport N ews on the 7th to participate in the
starting of the new steamship line established by this company
to run between Newport N ews and Liverpool, London. Glas­
gow and Euiopean ports. This line w ill open up a new direct
through shipping route between the W est and the seaports,
and it is expected to stimulate-the direct foreign trade The
Chesapeake & Ohio Steamship Company is virtually the
same as th e railroad company. It has constructed wharves at
Newport N ews and has established six new steamers on the
route, budt and equipped w ith a special view of doing a large
live stock trade.
Chicago Gas.—The People’s Gas Light and Coke Co. o f Chi­
cago (owned by Chicago Gas Co.) proposes to issue bonds to
the amount of $10,000,000, bearing date ot Oct. 1, 1893, and
running for fifty years, with interest at 6 per cent per annum,
to be known as first consolidated m ortgage gold nonds. Of
the $10,000,000, only $8,000,000 w ill be authorized to be issued,

E van sville & Terre H aute.—The directors ot the E vans­
ville & Terre Haute Railroad were astonished on Tuesday at
receiving a telegraphic dispatch from the company’s counsel
at Terre Haute, Ind., announcing that George J. Grammar,
President of the company, had been appointed receiver of the
road. The action w as brought by the Sullivan Oountv Bank,
which is a creditor of the company to the am ount of $36,000.
Great indignation w as expressed at these pioceedings, w hich
were denounced as a “ fraud” and a “ trick.” A meeting o f
the board of directors was held in the afternoon, at w hich
the step for the receivership was declared to be unwarranted
and taken w ithout notice to the company or the counsel and
without proper presentation of the facts.
App'ication has
since been made to set aside the receivership and the case will
be heard on Monday by Judge Briggs at Terre H aute, Ind. ~
Messrs. H arvey Fisk & Sons, who sent out on W ednesday
a circular soliciting proxies to oust the present m anagem ent
from the control of this road, have since announced that they
have completed satisfactory arrangements for the protection
of all interests in the Evansville & Terre H aute Railroad Com­
pany, and therefore withdraw their request for proxies for
use at the coming election.
It is understood that the control of the stock is now in
strong hands and that at the annual meeting Oct. 2 there w ill
be a reconstruction of the board of directors.
General E lectr ic.—An officer of the General Electric Com­
pany says a contract has just been closed to furnish the Brook­
lyn City Railroad Company w ith 400 motors, terms cash.
This order is for a large amount, and has necessitated an in ­
crease of the com pany’s force. The supply business through­
out the depression has been normal, while the new business is
now picking up.
In d ia n a p o lis D ecatur & W estern.—The Bondholders’ Com­
mittee of the Indianapolis Decatur & W estern Railroad have
applied to the Court for an extension of time in which to pay
the balance of the purchase money of the road, am ounting to
$2,360,0(10. When the road was sold on May 3 the Indianapo­
lis Decatur & Springfield first mortgage bondholders bid
enough to cover the amount of indebtedness to them selves,
thus insuring them selves against loss. The junior m ortgage
bondholders bid enough to pay the first m ortgage bondholders
and $10,000 over. They paid down $50,000 at the tim e of
purchase and had until Sept. 1 to pay the balance. They ask
for an extension of the tim e six months, which w ill probably
be granted. The Cincinnati Hamilton & D iyton have form ally
notified the comm ittee that their contract lias been rulified.
Kansas City Pittsburg & G ulf.—The link betw een Jop­
lin. Mo., and Pittsburg, K an., on this road has been com ­
pleted. Through trains w ill be running from Kansas City to
Sulphur Springs, a distance of 212 m iles, by September 10.
Since May 15 the company has operated 187 m iles, and the
business over the road has shown continuous grow th from
month to month, the earnings for the past four months aggre­
gating $74,060, against $27,391 for first four months o f the year.
Laclede Gas L ig h t Co.—A t a m eeting of the Board of
Directors of the Laclede Gas Light Company held Sept. 1, it
was resolved that hereafter dividends on the preferred stock
of the company be paid sem i-annually instead of quarterly,
and that the preferred stockholders be notified of the inten­
tion of the directors to declare, at the usual tim e before pay­
ment, a dividend of 2 p°r cent on the preferred stock of the
company, payable on and after Dec. 15th next.
Lake Superior Consolidated Iron Mines.— A n important
combination of iron interests has been made and a corporation
organized to be known as the Lake Superior Consolidated
Iron Mines. The capitalization is $30,000,000. A press dis­
patch from Duluth says: The combination is organized,
by taking over a majority interest in the stocks of from
eleven to fourteen Mesaba range mines, on a valuation basis
of §17,000,000, the Duluth Mesaba & Northern Road and its
ore docks at Duluth, the largest docks in the world, at
$2,000,000, and the Rockefeller interests on the Colby group
of Gogebic range mines in Michigan and W isconsin and the
same interests in the Spanisli-American groupof mines on the
east coast of Guba.
Other properties w ill go io , and the company w ill also con ­
trol the American steel barge fleet of 25 wnale-back steam ­
ships and barges for the ore trade, the ore-receiving docks at
Conneaut, O., and railroad facilities for getting ore from there
to Eastern furnaces.

S eptember 8, 1893.]

E OETRONICLE.'
■ .......................*

428
- ■

-----— ■ ..... .......

.... ......... -

, i.i.a

Among the m ires to be included in the deal are the follow­
R e p o v ts a n d SoctirairalG
ing: .Mountain Iron Company, to go in on a basts of §3,000,000: Bfwabik, $2,250,000; Mesaba Mountain, $750,000: Adams,
$2,000,000; McKinley, $1,000,000; Lake Superior, $750,000;
DENVER & RIO G R A NDE R. R. CO.
Shaw, Great N orthern,G reat W estern, $2,000,000; Lone Jack,
$5,000,000, and several others about $1.500,00'>. th e principal SEVENTH ANNUAL REPORT TO THE STOCKHOLDERS,
parties in interest in New York are Messrs. John D Rocke­
FOR THE YEAR ENDING JU N E 30, 1893.
feller, C, W . W etmore. C.L. Colby, Colgate Hovt, W. C. W hit­
ney and E B. Bartlett. The D uluth end consists of the fire To the Stoel-holdern of the Denver Rio Grande R.R. Co,:
M erritt brothers and their associates. The company is to be
The iucome of your Company from all sources during the
managed by five trustees, Leonidas Merritt. Alfred Merritt, fiscal year ended Ju n e 30. 1893, including $51,575 0 i received
and one other of Duluth, representing one interest, and C, W. fi r interest, was $0,372,221 53, an increase of §477,724 94 when
W etmore and F. T. Gates, the latter private secretary to John compared with the previous fiscal yearD. Rockefeller, representing the other. Head offices of the The grass earning* from the operation of your railroad were
company will be in New York, with branches in Cleveland $9,817,649 53, being an increase of $488,699 96. The working
and Duluth, while all the individual companies entering the expenses were $3,283,084 93, au increase of $160,491 55 ; mak­
deal wilt keep their separate existence and headquarters in ing the net earning*from traffic $4,085,561 61, or $326,208 41
this city. Mr. M erritt has been elected President.
in e x o ss of the previous year. The balance to credit of in­
Mobile Sc G irard .—A meeting of the directors of the come from the year'* operations, after providing for taxes,
Mobile & G irard Railroad was held in Columbus, Ga., this insurance, interest on funded and unfunded debt, and assign­
week, to consider the proposition of Receiver Comer to sur­ ing $240,000 to Betterm ents and to Renewal Fund, was §1,402,render the lease of the road to the director* and stockholders. 808 85 against $914,111 94 for the previous year, an increase
After a discussion of facts and figures presented by Receiver of $488,186 41. Nearly the entire surplus was applied to the
Coiner, showing th a t the road had been operated by the paym ent of the floating indebtedness and of two dividends
Georgia Central under a heavy loss, a resolution declining to of 1 per cent each (am ounting to $473,000) on the preferred
stock.
accept the surrender of the road was unanimously adopted.
Current liabilities were reduced during the year from
N orthern Pacific.—The application of the receivers of the
N orthern Pacific Railroad for authority to issue receivers* cer­ $2,719,423 85 to $1,808,873 89. and on Jn»>e 80 your current
tificates was granted by Judge Jenkins of the United asset* exceeded your current liabilities $1,351,229 31. against a
States Circuit Court in Milwaukee. An order was made corresponding esc ss of $448,988 61 on June 30, 1892.
By reference to the retain of th>* Comptroller it will be seen
giving the receivers power to issue certificates not to exceed
$.5,000,000 for the purpose of redeeming certain securities and that loans jiavahle am ounting to $715,000, and bill* payable of
meeting certain urgent expenses. The order of the Court ex­ $141,652 40 aggregating $850,953 40 were paid during the
pressly stipulates that the certificates, or proceeds thereof, year, thereby extinguishing the floating indebtedness of the
Company.
shall not 1** used to pay any part of unsecured floating debt.
Your Company ha* in its treasury bonds and stocks aggre­
The application of th e Wisconsin Central to be made a party
to the receivership suit was denied, m was also the motion to gating at par $2,495,150. which cost $1,200,615, and in addition
compel th e receivers to pay back rentals to the Wisconsin has in it* Renewal Fund cash and securities aggregating at par
Central Company. The question of the Northern Pacific re­ $■190,002 25, the cost of which was $397,482 55.
For detailed inform ation ia respect to the foregoing and
ceivers' counter claim against the Wisconsin Central was re­
ferred to a m aster to take testimony, and the receivers were other similar mutter* you are referred to the tables and sta­
allowed until the 15th <f this month to ascertain whether the tistics prepared by the Comptroller and the Auditor, and sub­
lease contract between the N orthern Pacific and the Wiscon­ mitted herewith for your information.
It “Will be observed that the value of narrow gauge equip­
sin Central ia profitable to the former company.
The receivers have made application to the Court for ment ha* been w ritten down $895,870 78, and general profit
authority to accept only from; actual settlers the preferred and loss account has been charged w ith th a t amount. Your
stock in paym ent for lands. This privilege Is apparently not director* deem it prudent to enter upon this policy, although
to be accorded to all holders of preferred stock as heretofore, the narrow gauge equipment has been maintained at its usual
although it ha* always lieen one of their chief munim ents a* high standard of efficiency, and is therefore substantially
such holders. If any of the preferred stockholders should see equal in value to wimt it was a year ago. Believing, how­
fit to apply to the Court for a ruling as to this right in the ever, th at the growth of population and the demands of traffic
m atter, it is possible that their old privilege would he con­ will at g .me future time necessitate changing portions of the
narrow gauge system to standard gauge, in which event more
tinued without interruption.
By a decision of Judge Williams a few days ago in the U. S. or less of the narrow gauge equipm ent will tie throw n into
Circuit Court a t St. Paul in the case of the St. Paul A North­ disuse your directors deem it essential to gradually prepare
ern Pacific against the St. Paul Minneapolis & Manitoba, the for this contingency by w riting down from year to year the
Northern Pacific ha* it* title confirmed to about a tnllhoo and value of this class of equipm ent until it stands in the accounts
a half ncr-s in the northwestern part of Minnesota. The de­ of the company at w hat it would be worth if your entire sys­
cision is subject to an appeal which may possibly be made to tem were -standard gauge.
About 1,000 tons of 75-pound steel rail were used on your
the U. S. Supreme Court.
Judge Jenfcio*, in the United States Circuit Court Sept. 1, standard gauge main line during the year, replacing 52-pound
ted the petition of the receivers of the Northern Pacific steel transferred to the Aspen branch for replacing the bal­
oad to ratify the lease of the C®or d’Alene RR <£ Nav. ance of the 40 pound rail originally used. About 759 tons of
45-pound steel were used to replace 80-poun 1 rails over
Co,, and to pay interest and other charges accruing thereon.
Poricha Pa-s, In-tween Mears Junction and Round Hill, on
P h ilad e lp h ia & R esilin g. —The request made by the two your narrow gauge system. AU expenses incident to laying
committee*. representing respectively the general mortgage the new rails, me tiding their excess in weight over the rails
and income bondholders, that they tie allowed to have the they replaced, w ere charged to operation account.
books of the corn puny examined by an expert accountant, has
Locomotives and oars of alt classes are in good general con­
been acceded to by lhe receiver*, and Mr, Stephen W, Little dition, and compare in this respect favorably with former
ia now engaged on this work. The further action of the com­ years. The policy announced in the last annual report of
mittee* will depend somewhat upon the condition of affairs m aintaining the property in good physical condition has been
disclosed by this examination.
carried out, and neitht-r the fixed nor the rolling plant has
Mr. Isaac L. Rice continues to wage a w arfare in the new s­ been permitted to deteriorate.
papers against the present managers and receivers, his nama
In the latter p art of 1892 an extension of the Crested Butte
not being associated with any committee or w ith any pro­ branch from crested Butte to the Ruby-Anthracite coal mines,
posed plan of reorganization. His charges relate maioly to about twelve miles, was commenced, but owing to the severity
the McLeod transactions, which were long ago condemned of the w inter and the heavy snowfall in th a t vicinity, work
by the public.
was suspended until May, 1803, when it was resumed, with
The President of the Reading Railroad gives notice that an the expectation of completing it by September 1. The esti­
arrangem ent has been made with Messrs. Drexel & Co. and mated maximum cost of the extension ia $225,000 00, of which
Brown Brother* & Co. to purchase the Readiog 7s of 1893 $111,615 32 was expended to June 30. The body of anthracite
from the holders, at par. on their m aturity, O ctob-r 1, 1893, coal to be reached by this extension is excellent in quality and
and to extend them as gold bonds for 40 year* at 5 per cent large in quantity, an d the output of the mines will, it is hoped,
interest, free of all taxis. Messrs. Drexel & Co. and Brown more than double the volume of your anthracite coal traffic in
Brothers A Co,, in accordance with this notice, announce the near future. It is the intention to meet the expenditure
that the bolder* of i he above bond* may extend them as stated by the sale of bonds under the provisions of the General Mort­
a t the price of 102$,. provided notice be given not later than gage, there bring a sufficient num ber of hoods unissued to
Sept, 23. There »r- $3,700,IKK) of these bonds outstanding; cover the entire cost of the work. A t the date of tnia report
they are prior to th e c msolidated m ortgage, a id , together the track is laid to within one mile of the mines.
with the first mortgage, make the prior lien, am ounting to
In their last annual report your directors referred to the
$5,2(5,700, upon the Reading Railroad.
completion of the Rio Grande Southern Railroad, an inde­
Toledo Aim A rbor A North M ichigan.—At Toledo Sent. 1 pendent line, connecting your northern narrow gauge system,
the Farmer-' Loan Sc i ru-t Co,, trustee under the consolidated via the Ouray branch, with Durango, the western terminus of
mortgage of 1X90, tth rj a bill of complaint to foreclose the your southern narrow gauge m ain line. I t was stated that
mortgage. It is understood that th is at present is m e n ly a much additional traffic and revenue would inure to your
formal providing. The receiver. Mr, W. R Burt, is satisfac­ company from the territory traversed by the new road. Your
tory to all parties in interest and no plan of reorganization has d rectors are gratified in being able to state th a t their ex­
yet been m atured. The earnings of late have felt the pectations have thus far been realized. The earnings dur­
financial depression, the lumber mill* in Northern Michigan ing tbe fiscal year upon traffic to and from the Rio Grande
being at a standstill.
Southern Railroad, were:

S

THE CHltONICLE.

424

L iabilities .
J u n e 3 0 ,1 8 9 2 . .D ine 3 0 ,1 8 9 3 .

$ 4 1 1 ,6 2 7 28
3 2 .3 3 4 20
, 4 3 .4 9 4 33

F r e i s h t ..........
P a s s e n g e r . ..
E x p r e s s , e tc .

[VOL. LYII.

C apital Stock.

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

T o ta l .C ap ital S to c k .. 6 1 .6 5 0 .0 0 0 0 0

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

$
C o m m o n ............................ 3 3 ,0 0 0 ,0 0 0 00
T o t a l ............................................................................................. $ 5 1 7 ,4 5 5 61 1P r e f e r r e d ........................... 2 3 .6 5 0 0 0 0 0 0

The gravity of the situation since the close of the fiscal
year makes it neccf-sary for your directors to depart from the
usual custom and supplement their report with additional re­
marks.
A careful exam ination of the statistics w ill show that the
last fiscal year was the m ost prosperous in the history of the
C om pany/ I s revenues, gross and net, its surplus over all
expenses and charges, and its traffic generally, were the
largest ever obtained. The Company was free of floating in­
debtedness, had entered u[ on the policy of paying dividends
upon its preferred stock, and had promise of unbroken pros­
perity. Suddenly these favorable conditions changed ; finan­
cial stringency, unsettled monetary problems, extraordinary
depression in business, and the temporary suspension of silverm ining, destroyed confidence, reduced traffic and revenues,
and forced upon the m anagem ent immediate and radical re­
trenchm ent in every branch of the service. At their Ju ly meet­
in g your directors deemed it prudent to defer farther dividends,
and*subsequent events have de monstrated the wisdom of their
course. The Rio Grande Southern, completed about tw o year3
ago, running through a sparsely settled country, quickly felt
the adverse current of affairs; its traffic and revenue fell to
nom inal figures, and it could not meet its obligations. In view
o f your Company holding nearly one and a half millions of its
first mortgage bonds, your Directors deemed it advisable to
apply for a receivership, w hich was readily granted by the
Court, and upon the joint request o f the tw o companies your
President w as appointed Receiver. It is hoped and believed
that w ith a revival of business and a resumption of silver-min­
ing your company will speedily recover its prosperity and the
P io Grande Southern work out of its present embarassment.
B y order of the Board of Directors.
E. T. JEFFERY.
President.
D e n v e r , Co lo r a d o , }

A ugust 26, 1893.

)

G E N E R A L P R O F IT A N D LO SS A CCO U N T.
(A d ju s tm e n ts th e r e in J u n e 3 0 , 1 8 9 2 , to J u n e 3 0 , 1893.)
B y B a la n c e S u rp lu s J u n e 3 0 , 1 8 9 2 ............... $ 2 ,7 2 6 ,6 3 9 3 3
B y S u rp lu s f o r th e y e a r e n d in g J u n e 30,
1 8 9 3 , a s p e r In c o m e A c c o u n t.......................
9 2 9 ,3 0 8 35
--------------------- $ 3 ,6 5 5 ,9 4 7 68
T o a d ju s tm e n ts d u r in g th e y e a r
to d e b it o f P r o tit a n d L o ss
d i r e c t ............................................... $ 1 1 2 ,5 7 2 87
B e s s a d ju s tm e n ts fo r s a m e p e ­
r io d to c r e d it o f P r o fit a n d
L o s s d ir e c t....................................
7 ,8 0 1 97
--------------------- $ 1 0 4 ,7 7 0 90
T o p o rtio n o f v a lu e o f N a rro w G a u g e
E q u ip m e n t a c q u ire d fro m t h e o ld co m ­
p a n y in t h e re o rg a n iz a tio n , J u ly , 1 8 8 6 ,
n o w w r itt e n off.................................................
8 9 5 ,8 7 0 78
-------------------- 1 ,0 0 0 ,6 4 1 68
B a la n c e a t C re d it o f P r o tit a n d L o ss J u n e 30,
1 8 9 3 , a s p e r C o m p a ra tiv e B a la n c e S h e e t.

$ 2 ,6 5 5 ,3 0 6 0 0

C O N D E N S E D C O M P A R A T IV E B A L A N C E S H E E T J U N E 30.
A

T o ta l C o st o f R o a d a n d
A p p u r te n a n c e s ............
C on stru ction o f B F clics
C u rren t Assets.

M a te r ia ls a n d S u p p lie s
S ta te a n d Co. W a r ra n ts
B ills R e c e iv a b le .............
C a s h ........................... .......
In d iv id u a ls a n d C o s ...
A g e n 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 e b lo U d . D e p . S. F ’d.
R . G. So. HR. Co. 1 s t M.
B o n d s in T r e a s u ry (a t
c o s t) .................................
R . G. G u n n iso 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 r’s (a t c o s t).
S u n d r ie s .............................
S p e c ia l R en e w . F u n d R epresenting tb e In v e st­
m ent of Renewal Fund
(see contra) and consist­
ing o f :
D. A R . G . Im p . M o rt.
B o n d s (at c o s t)........
R . G. So. 1 s t M o rt. 5 p .
c. B o n d s (c o s t)........
O th e r S e c u r’s (c o s t)..
C ash (to b e in v e s te d )
T o ta l c u r r e n t a s s e ts .

. Deferred Assets.

T o ta l F u u d e d D e b t.. 4 2 .8 6 7 ,5 0 0 0 0
C u rren t L ia b ilities.

L o a n s P a y a b le ................
B ills P a y a b le ...................
V o u c h e r s ...........................
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 pi ess M oney o r d e r s .
F ir s t M o rt B m d s, C oup o n s d u e a n d u n p a id .
F ir s t M ort. B o n d s, lu t .
a c c ru e d b u t n o t d u e ..
F ir s t Con. M ort. B o n d s,
C oup, d u e a n d u n p a id
Im p M ort. B onds, Coup o n s d u e a n d u n p a id .
Im p . M o rt. B o n d s. In t.
a c c ru e d b u t u o t d u e ..
T raffic B a la n c e s .............
C ar S e rv ic e .......................
S u n d i i e s ...........................
A c c ru e d T a x e s ................
A cc’d R e n t. L ’s e d L in e s

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

00
40
31
46
76
53
57

A p p a ren t L iabilities.

D . & K. G K a liw a y Co.
S to c k h o ld e rs .................
D . & B fc>. B y . C o. G en .
M o rt. B o n d h o ld e r s ...
T o t a l................................
L e s s C o m m o n C a p ita l
S to c k h e ld in T re a s u r y to m e e t s a m e ___

D eferred L ia b ilities.

R e n e w a l (or B e tte r m e u t) F u n d , see S p e c ­
ia l R e n e w a l F u n d (p e r
c o n tra ) fo r a m o u n t
in v e s te d , a n d to h e in ­
v e ste d , $ 3 9 7 ,4 8 2 5 5 . -

$
s
..............D ec. 7 1 5 ,0 0 0
..............D ec. 1 4 1 ,9 5 2
4 6 2 ,9 1 9 4 9 D ec. 5 9 ,4 1 2
3 2 6 ,1 1 4 2 7 In c . 1 9 ,563
9 9 ,0 6 5 8 7 In c .
3 ,7 1 2
3 4 .2 2 7 12 In c .
1,748
9 ,3 9 9 9 2 Deo. 1 4 ,0 3 7
8 ,4 2 0 0 0 D ec.

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

64
27
50
40
64
99
37
00

6 1 5 ,1 0 0 0 0

J u n e 3 0 ,1 8 9 3 .

$
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
0()
87
40
12
27
00

66
87
50
47
24
13
90

2 ,6 9 2 5 0

7 4 .4 6 2 50
5 7 4 ,0 6 0 00 In c .

5 10 00

2 1 ,4 1 2 50

1 5 ,5 6 2 5 0 Deo.

5 ,8 5 0 0 0

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

67
42
77
24
72
00

33,541
4 6 ,8 5 0
9 ,5 9 6
5 ,4 3 2
169,721
8 ,5 0 0

67
88
18
02
47
00

In c .
D ec.
In c .
In c .
In c .

$

$

3 2 ,0 0 0 0 0

46
59
78
75
00

$

3 1 ,6 5 0 0 0

1 ,0 0 0 CO

1,000 00

3 3 ,0 0 0 00

3 2 ,6 5 0 0 0

3 3 ,0 0 0 CO

3 2 ,6 5 0 0 0

N il.

N il.

$

$

3 0 7 ,4 5 9 0 2

4 1 ,9 2 1
168
3 ,7 1 7
1 2 ,361
5 ,0 0 0

1 ,8 6 8 ,8 7 3 8 9 D ec. 8 5 0 ,5 4 8 4 6

$

4 4 7 ,4 3 2 55 In c . 1 4 0 ,0 2 3 5 3

T o ta l L ia b ilitie s ........ 1 0 7 ,5 4 1 ,3 8 1 3 7 1 0 6 ,8 3 3 ,8 5 0 4 4 D ec. 7 1 0 ,5 2 4 93
B

P r o f it a n d L oss
B a l a n c e , b e in g
of
A ssets
o v e r a l l L ia b il it ie s
y
to

excess

2 ,7 2 6 ,6 3 9 3 3

2 ,6 5 5 ,3 0 6 0 0 D e c. 7 1 ,3 3 3 33

1 1 0 ,2 7 1 ,0 2 0 7 0 1 0 9 ,4 8 9 ,1 6 2 4 4 D ec. 7 8 1 ,8 5 8 26

of

SU M M A R Y O F F IN A N C IA L O P E R 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 n e 30,
1892, to J u n e 30 , 1 8 9 3 , O u i s id e o f I ts I n c o m e A c c o u n t .
R eso u rces to b e A cco u n ted f o r thus :
of

assets.

I n c. o f D ec •

$
D ec. 2 2 ,5 0 8
D ec.
86
D ec, 3 5 5 ,0 4 9
In c . 7 6 .3 9 0
D ec. 1 2 6 ,2 5 0
In c . 2 5 ,8 4 0
lu c .
499

00

40
82
81
il
59
65

5 7 3 ,5 2 0 00

2 ,7 1 9 ,4 2 2 35

T o t. C u rr’t L ia b ilitie s

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

1 1 ,1 1 2 50
7 4 ,4 6 2 50

S

E q u ip m e n t...............................................................................................
B e t te r m e n t s ............................................................................................
$
$
M a te ria ls a n d S u p p lie s .....................................................................
8 3 ,9 8 4 ,9 5 2 8 6 8 3 ,9 8 4 ,9 5 2 86
S ta te a n d C o u n ty W a r r a n ts ...........................................................
6 .0 7 9 ,5 3 9 9 7
5 ,1 5 6 ,4 3 7 9 5 D ec. 9 2 3 ,1 0 2 02 B ills R e c e iv a b le ................................................... '...............................
9 ,1 7 4 ,6 9 7 0 7
9 ,1 4 4 ,2 8 9 13 D ec.
3 0 ,4 0 7 9 4 In d iv id u a ls a n d C o m p a n ie s...........................................................
7 .8 0 0 0 0
7 ,8 0 0 0 0
S u n d rie s ....................................................................................................
5 0 ,0 0 0 0 0
5 0 ,0 0 0 0 0
O th e r S e c u ritie s a t C o st (S p ec ia l R e n e w a l F u n d ) ...............
3 ,0 0 0 0 0
3 ,0 0 0 0 0
T o ta l D e c r e a s e o f A s s e ts .........................................................
IN C R E A SE O F L IA B IL IT IE S .
9 9 ,2 9 9 ,9 8 9 90 9 8 ,3 4 6 ,4 7 9 9 4 D ec. 9 5 3 ,5 0 9 96
P a y -R o lls ..................................................................................................
P
a
y
-c
h
e
c
k
s
,
“
S
e
rie
s
A
” ...................................................................
7 ,7 6 9 ,6 6 3 35
7 ,8 8 4 ,5 3 7 81 In c . 1 1 4 ,9 0 4 46 U n c la im e d W a . e s .................................................................................

C csl o f L o a d a n d A p - J u n e 3 0 ,1 8 9 2 .
p u rten a n ces.
$

C o s t o f R o a d (P ro p e r)..
E q u i p m e n t.......................
B e t te r m e n t s .....................
B e a l E s t a t e . . . .................
E x p r e s s P r o p e r t v ..........
M u le a n d G ia d . O u tfit.

$

F un d ed Debt.
$
$
6 ,3 8 2 ,5 0 0 0 0
F ir s t M o rtg a g e B o n d s.
6 . 3 :1 2 ,5 0 0 0 0
F ir s t C on M ort. B o n d s 2 8 .4 3 5 .0 0 0 00 2 8 ,4 3 5 ,0 0 0 0 0
S .0 5 o ,0 0 0 0 0
Im p r o v ’t M o rt. B o u d s . 8 ,0 5 0 ,0 0 0 CO

decrease

ssets.

Inc. o r D ec.

T raffic B a la n c e s ...................................
S u n d i i e s ........ - ......................................
A c c ru e d T a x e s U n p a id ...................
A c c ru e d R e n ta l o f L e a se d L in e s.
R e n e w a l (or B e tte r m e n t) F u u d . ..
T o ta l I n c re a s e o f L ia b ilitie s ...................................................

$ 9 2 3 ,1 0 2
3 0 ,4 0 7
2 2 ,5 0 8
86
3 5 5 ,0 4 9
1 2 6 ,2 5 0
1 3 ,1 9 6
5 3 ,1 5 7

02
94
66
87
50
24
52
15

.,5 2 3 ,7 5 8 9 0
$ 1 9 ,5 6 3
3 ,7 1 2
1 ,7 4 8
540
4 1 ,9 2 1
3 ,7 1 7
1 2 ,3 6 1
5 ,0 0 0
1 4 0 ,0 2 3

81
11
59
00
46
78
75
00
53

$ 2 2 8 ,5 8 9 0 3

G ra n d T o ta l to b e A c c o u n te d f o r ........................................ $ 1 ,7 5 2 ,3 4 7 9 3

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

This sum is accounted for as follows :
IN C R E A SE O F ASSETS.

8 7 ,0 0 0 0 0
1 4 7 ,4 3 0 0 0
1 5 ,9 0 6 13

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

$

C o n s tru c tio n o f B ra n c h e s ............................................................... $ 1 1 4 ,9 0 4 4 6
C a s h ...............................................................
7 6 ,3 9 0 4 7
5 4 .2 8 5 00 A g e n ts a n d C o n d u c to rs .....................................................................
2 5 ,8 4 0 13
1 3 ,1 9 6 52 U 8. G o v e rn m e n t................................
499 90
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 ry , a t c o s t (G e n e ra l F u n d ) ......................................
2 9 6 ,8 0 0 0 0
O th e r S e c u ritie s in T r e a s u ry , a t c o s t (G e n e ra l F u n d ) ........
5 4 ,2 8 5 0 0
D e n v e r A Rio G ra n d e J m p t. M o rt. B o n d s, a t c o s t (S p e c ia l
R en e w a l F u n d ) ..................
7 4 ,8 7 8 4 3
R io G ra n d e S o u th e rn F i r s t M o rt. 5% B o n d s, a t c o s t
1 4 9 ,1 8 0 3 0 In c . 7 4 ,8 7 8 43
(S pecial R en e w a l F u n d ) ................................ .............................
5 2 ,8 0 0 0 0
C ash to b e In v e s te d (S p ec ia l R e n e w a l F u u d ) .......................
4 5 ,5 0 2 25
2 0 2 ,8 0 0 0 0 In c . 5 2 ,8 0 0 0 0
..............D ec. 5 3 ,1 5 7 15
T o ta l Iu c re s s e of A s s e ts .................................. ........................ $ 7 4 1 ,9 0 0 64
4 5 ,5 0 2 25 In c . 4 5 ,5 0 2 25
8 7 ,0 0 0 00
2 0 1 .7 1 5 0 0 In c .
2 ,7 0 9 61 D ec.

3 ,2 2 0 ,1 0 3 2 0 Iu o

$

T r in id a d T e r m in a ls ___
L a n d a t T r in id a d ............

2 1 ,8 2 5 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 3 ,0 1 1 49

5 6 ,7 4 7 24

«

T o ta l a s s e ts ............. 1 1 0 ,2 7 1 ,0 2 0 7 0 1 0 9 ,4 8 9 ,1 6 2 4 4 D ec. 7 8 1 ,8 5 8 2 6

D E C R E A S E O F L IA B IL IT IE S .

L o a n s P a y a b le ......................................................................................
B ills P a y a b le ....................
V o u c h e rs
..........................................................................................
E x p r e s s M oney O r d e r s ...................................................................
F ir s t M o rt. B o u d s, C o u p o n s d u e a n d u n p a id ........................
Im p t M ort. B o n d s, C o u p o n s d u e a n d u n p a id .......................
C a r S e rv ic e .............................................................................................
T o ta l D e c re a s e o f L ia b ilitie s ..................................................

$ 7 1 5 ,0 0 0
1 4 1 ,9 5 2
5 9 ,4 1 2
1 4 ,0 3 7
2 ,6 9 2
5 ,8 5 0
1 68

00
40
82
65
50
00
59

$ 9 3 9 ,1 1 3 9 6

L'HE CHRONICLE.

S eptem ber 9, 1893. J
decbea .se o f p r o f it and loss .

the y e a r ...............

^r,Sj6,Se6gr

B r o u g h t f m e u r d ...............................................

A c c ru e d In*. o n I m p M. 5 » . e. B o n d s ..
A c c ru e d I n t . o n 1 st M, 7 p . c. B o n d s ___

(A s p e r C o m p a ra tiv e B a la n c e S h e e t.)
N e t D e b it to P ro fit a m i L oss d ir e c t d u r in g
.................. ............................. . $ 1 , 0 0 0 , t i l l 6 8

X.*** C re d it fo r th e y e a r a s p e r In c o m e Ac­
c o u n t ___ __ ___ ______ ___________ _______

425

9 2 9 ,3 0 8 35

N e t D e c r e a re o f P ro fit a n d L o s s ....................................................

$ 7 1 ,3 3 3 33

$ 3 3 ,5 4 1 67
7 4 ,4 6 2 50

$ 1 0 8 ,0 0 4 17

E x p r e s s M o n ey O rd e rs ...................................
S u n d rie s .................................................................
A c c ru e d T a x e s ...................................................
A c cru ed R e n ta l o f L e a se d L in o s ...............
B alan ce.

Cfrrk n t

A ssets

in

92:
03
47
00

e xc e ss

1 ,3 5 1 ,2 2 9 3 1

C u iu it.N r L i a b i l i t i e s .........................

of

F r a u d T o ta l a c c o u n te d fo r.................................. . .................$» .7 5 2 ,3 1 7 9 3

6 .3 9 9
5.4 3 2
1 6 0 ,7 2 1
8 ,5 0 0

$ 3 ,2 2 0 ,1 0 3 2 0
STATEM ENT
N o.
11*9
1

OF

S E C U R IT IE S O W N E D B Y T H E C O M P A N Y
J U N E 3 0 , 1893.
Cost.
In Oenerttl Fun ft.
Par.
B io G ra n d e S o u th e rn R a ilw a y 5
Iter c -tii B o n d s. * 1 .0 0 0 e-u 'h . . . * 1 ,1 8 9 ,0 0 0 0 0
$ 9 1 1 ,9 0 0 00
R io G ra n d e G u n n is o n R a ilw a y 6
8 7 ,0 0 0 0 0
p e r c e n t B o n d ........................................
1 0 0 ,0 0 0 0 0
2 0 1 ,7 1 3 0 0
O th er si.curitie-s....................................... 1 .2 0 6 ,1 3 0 0 0
$ 2 ,1 9 3 ,1 3 0 0 0 $ 1 ,2 0 0 ,6 1 3 00
In H e n n -a t F u n d .

266

Bio G rande S o u th ern H allw ay 5

p e r c e i l B ond*. * 1 .0 0 0 «■*<*..
3 5 7 P e n v e t A trio G ra n d e Im n ro v . 3
p e r c e n t B o n d s. *-‘>00 e a c h .............
C ash to b e in v e s t e d ...............................

§ 2 6 6 ,0 0 0 0 0

* 2 0 2 ,3 0 0 0 0

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

1 4 9 ,1 * 0 3 0
4 5 .5 0 2 25

A P P L IC A T IO N O F N E T IN C O M E
AND

15

1 ,9 6 5 ,2 3 2 38

9 6 5 .1 4 6 0 6

9 4 8 ,6 6 9 71

T o ta l E arning* .........9,317,646 53

8,830,946 57

K ent*.................................
E rpentet—

$
I n e 5 5 2 .5 2 3 94
D ec, 8 2 ,3 0 5 23

6,017,044 48

F re ig h t............................... 0,569.573 32
P a s s e n g e r ............................. 1 ,7 8 2 ,9 2 7
E x p r e ss, M ail*, M ia m i). &

In c .

In c . * 8 0 ,6 9 0 9 6

903,304 23

1 ,0 5 0 ,9 2 2 6 9

Deo. 143,518 40

B uilding*..........................

1 41,51833

1 6 4 ,8 1 9 37
5 7 7 .6 7 9 94
M o ist n e e ..f 1U M V S to c k , O i l . 3 7 9 2 .*
Conduct In s I r a n e p o r t 'n .3 ,2 0 9 ,4 2 3 5 3 2 ,9 7 1 .3 1 6 .39

D ec. 2 3 ,3 0 0 04
In c . 8 3 ,7 0 0 33
In c . 3 3 7 ,6 0 8 67

C ontingent E x p '« I Hoadw ay and B rid g e*).............

1 1 0 ,9 7 2 2 7

G e n e r a l Expem -e*............

303,483 19

150,334 51 D ec, 3 9 ,3 6 2 21
2 ,6 3 6 79
306,121 09 D eo.

SOURCES

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

C o n so lid a te d M o rt. 4 p. c. R o n d s is s u e d ..
Im p r o v e m e n t M o rt. 5 p, 0 . B o n d s Issu e d .

FROM

JU LY

12, 1886, TO

T o ta l E x p e n se ,.......... 5,282,084 92 5,121,593 37 lo o . 100.404 55
Perct-Iitasi; of E a rn in g * ..
(56-8f)
(58 0«l}
(Dec.
1-31)
N et E arn in g * .....................4.035,561 61 3.700,353 20 Inc. 326,203 41

$ 5 1 6 ,1 3 0 2 0

1.1O5.04H 0 2

3 ,3 5 8 .9 9 1 0 2

5 ,8 6 0 .0 0 0 0 0
8 ,0 5 0 ,0 0 0 0 0

1 3 ,9 1 0 .0 0 0 0 0
4 ,1 0 0 0 0

R ec e iv e d fro m s a le o f R e a l E s t a t e ............
R e n e w a l F u n d p ro v id e d fro m In c o m e
a n d c a r r ie d a* a D e fe rre d L ia b ility , in ­
c lu d in g -27,-18-2 5 5 a c c re tio n s fro m th e
,«<h 7.*S2 55 (se e c o n tra ) o f th is F u n d

4 4 7 .4 8 2 55
2 .6 5 5 ,8 0 6 0 0

a lre a d y inve.-ted............................................
SCKt-LL s J O E 3 0, 1 8 9 3 ................................

$30.3112.25077
E xp en d itu res.

1 6 .4 7 6 35

M a in te n an ce of R oadw 'y.

M a in te n a n c e o f B rid g e s &

OTHER

R eceipts from all sou rces.

In?, o r Dee.

1891-92,
$

$

ALL

A s s e ts iu e x c e s s o f L ia b ilitie s J u ly 12,
1886. fro m R - r e iv e r o ld c o m p a n y (p a g e
21 , R e p o r t of l * 9 2 i ......................................
R ec e iv e d fro m R co rg C o m m itte e —
C a p ita ) S to c k . C o m m o n ...............................
$ 1 1 9 ,0 5 0 0 0
C a p ita l 8 to o k . P r e f e r r e d ................................ 2 ,0 3 1 ,7 9 2 0 0

STATEM ENT O F EA RN IN G * AND E X PE N S E S
POE THE TEAR ENDING JUNE 3 0. 1893. COMPARED WITH TEAR EXDISO
JOSE 30, 16S2.
1 8 9 2 -9 3 ,

FROM

JURE 3 0 . 1 8 9 3 ,
S h o w in g jia 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 re s
th e d is c o u n t th e re o n .

# * 0 0 ,0 0 2 25
# 3 9 7 ,4 3 2 55
T o ta l A m o u n t............................... $ 2 ,9 3 5 ,1 5 8 2 $ 1 , 5 9 * . 0 9 7 55

E a r n in g s -

R E C E IP T S

$ 7 ,3 8 4 ,5 8 7 81
C o n s tru c tio n o f B ra tu -h e -.............................
B e tte r m e n t*—O ro * * c h a r g e s th e r e to ....... $ 1 0 .3 2 1 ,0 5 9 30
L ess 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 2 6
9 ,1 4 4 ,2 8 9 13

N e t B e tte r m e n t* s s tie r BaL S h e e t........
E o u ip D icu t. ns p e r B ui. s h e e t ......................
L ess a c q u ire d fr o m o ld c o m p a n y ............

5 .1 5 6 .4 3 7 0ft
2 ,7 3 8 ,2 7 5 9 2
2 ,4 2 1 ,1 6 2 03
5 0 .0 0 0 0 0
3 ,0 0 0 0 0
33.01 L 49

L eaving n et purch ased by n ew com pany
E x p r e s s E q u ip m e n t..........................................
MUle a n d i f ra ilin g O u tfit.................... ...........
T rin id a d T e r m in a l* ..........................................
B a la n c e C u r r e n t A sse ts in e x ec s* of
C u rre n t LU M ItU es in c lu d in g th e r e in
$ M .7 .1 '2
of tin- $ 1 17.432 5 4 R em ov­
a l F u n d (see c o n tra ) a lre a d y In v e s te d .

1,351,-229 ST“

IN C O M E A C CO U N T.

$ ’2 0 ,8 9 2 ,2 5 9 7 7

FOR THE FIJH'tL TEAR KNOI90 JOKE 30, 1893.
O roa* E a rn in g * fro n t O p e ra tio n .......................

# 9 ,3 1 7 ,8 4 6 5 3

W orking E xpense*.............................................

5.282.0* t 92

C L A S S IF IE D F R E IG H T . T O N N A G E A N D R E V E N U E ,
FOR THAR BSniKO JIN K 3 0 , 1 8 9 3 , COMPARED WITH PRKVIOUS TEAR

5<l’6 l p.

P e rc e n ta g e o f O p e r a tin g ................................

N et E arn in g s from O peration..
In te re s t on S e e u tittt-e ..............

$ 4 ,0 3 lvV G ~6t
5 4 .5 7 5 0 0

T o ta l N e t In c o m e ................... .......................
L ett

# 1 ,0 9 0 ,1 3 6 64

T a x e s......... .................................................. ....... $.12 4,330 25

I n s u r a n c e ..........................................................
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 —
I n t e r e s t o n F u n d e d D e b t............................
O th e r R a ilro a d s ..........................................
B e tte r m e n t* a n d R e n e w a l F u n d ..............

R e n ta l, of L eased U n ite...........................

.........

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

PS
56
00
03
00
52

2,697,829 26

$ 1 ,4 0 2 ,3 0 9 35
S u rp lu s f o r t h * Y e a r ......................................
B ein g so- tts rte a s e o f #49 9 .1 9 6 * 1 o v e r s a r b lu * o f
p re v io u s y e a r , o u t o f w h ic h w e re p a id tw o d iv i­
d e n d . o f j p e r c e n t e a c h o n t h e P r e f e r r e d C a p ita l
S to c k , tlx r N o. 7 , F e b . 2 0 . 4 8 3 3 , a n d N o. 9 , M ay
1 5 ,1 9 0 !......................................................... ..............................
4 7 3 ,0 6 0 0 0
R e m a in in g S o rp . c a r r ie d t o c r e d it o f P ro fit a n d I.«*s,

9 2 9 ,3 0 8 3 5

CURRENT A*9 EC8 AND LIABILITIES JUNK 30 , 1893 .
M a te ria l, a n d S u p p lie s o n h a n d .........
S la te a i d C o u n ty W a r ra n ts ( la c e v a lu e ).

$ 1 8 7 ,3 2 0 ®8
2.M I3 40

C a s h .............................................................................
A g e n t * ’ a a d C on du ctors’ b a la n rcs, due

5 0 3 .9 4 7 * 7

Bill* iUfitWkMe.............................................

*-w

<**

**

-a*— *. m-*u

h-oaia *■•<& »»» 3*

©

m-i

s c e

t M *■***&■

a*# * * * - » * * » m %*«&■**1**1*4 y * s a ® s* © * » <s*«> vs ©

*■*’!
§ ;c

35,000 OO

and in t r a n . i t ...........................................

2 6 3 ,7 8 0 12
2, IO0 0 0

Pn eblo U nion D epot S ink ing F u n d ..........

Kl« G ra n d e so u th e rn R a ilro a d Com pany
F ir s t Mots. B ond* to Frea&bcy ( a tc o s t )

9 1 1 .0 0 0 00

B id G ran d e G u iin .*u i Roiiw n v C o m p ii-y
Ftrat M o r e Bond to Treasury (at c o » n .

O th e r '

*>*

Xi <t > M -d ii -) -* W—■«0 © —S L-3 *5 o —l-- — > * f& O S S C © “ f* » p St SO5
o f *.1*35sc b*
© b ^ ’x t x b b V a b b b b V b b « V p V w fc

8 7 ,0 0 0 0 0
2 0 1 ,7 1 5 0 0
2 ,7 0 9 61

. i n i'n"< ( a t e o a t l ...............................

S u n d ries....................................................................

AC.’o f * IS CpLUtCriHL* :
U . 9 . G o v e r n m e n t ..........................................
I n d iv id u a l* sw lC o tn q p a n ie * ........ ............ .
S p e c ia l

R en ew al

$ 4 3 .5 0 7 2 7
2 - 5 .7 3 0 4 0

3 2 9 ,2 1 7 67
b l
©

F c j h i:

S r t a i r t a t i n e th « 1ov••riment o f R enew al
Fu nd , and n o u si.tin g o f th e fo llo w in g
*e eu rili«* at cost—
B A R G Itt.pt- Mort Burnt« .....................

Kio G rande S outhern Railroad Co. F irs t
Mart B ond* ........ ...................... ..............
C'iMb to be Invested................

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

C oupon* P l o d M o r e B ond* . . . . . . . . . . . . . .
C oupon* C onsol Muir. B o n d *....................

C o u p o n s Im p ro v e m e n t M a rt. B o n d s . . .

o *vj0 p* 3p* . p pW p « p p» - Wp f* «p p

p

b i i b V *w33 *)$•*-V .'I t s i - b b * ) * 1
I i 9 ,l * 0 30
2 0 2 ,> 0 0 00
4 1,5 0 2 2 5

9 ,5 3 9

49
27
87
12
88
18

2

w #a

e l £ *i

o b » -5 x -o -

c* ».W*0»S#» C S r iH X

^ X W1

*

6

COO

s

*)- f *1 WkStGtSt

--*4iiOO't<Xi5;tiC5'X'CiClr*S

g|

M M r-e g
**

**

m

to

m

m

b —b to w fc;

d » ,a .S S ? S S S S a S S - S S » S M S S 8 S 8 8 iJ 3 2 S 3 !2 S a a S 3 .S l^

10

— to 10 i SOCOtoss X to S>OwON*J <#- to *-J*1 - “ '03>W x a s * * x

#0 50o* © tv

filS S 5 3 S S S !S I8 8 S 8 S S S S 5 8 ? 6 S S 8 5 # g ? :S 8 S ftS S S a g
9 7 8 ,7 7 3 81

8 .4 , 0 0 0

$ 7 4 ,0 6 0 Oil
1 5 ,5 6 2 5 0

,

1

O p »Sp S i p p p - ’p ® p p p p p JOp

si
3 9 7 ,4 8 2 55

bl

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

W

* l b b b b *-lb *-Pj >5S ~»b
— —C- -*?5
' S C S -------w- XX
*-l
~ - - --J 0 * 4 0 0 *
10 W * -l* 4 - r - a i ' I C * - w . ® SC X ffca-SiQO /— W - » ! 0 S O tv M S ’ W y

L*

$ 3 ,2 2 '.,1 0 3 20
Liabtlilut.
T u n e h e r s .............................................................
B ay H uh* ..........
F a y -C h e ek s. ’’ S e rie s A " ..............................
U n rtn im e d W ag e s............................................
T raffic B a la n c e s ............. ..................................
C a r .se rv ic e .........................................................

KS ‘ I M r i

f t ,i

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

THE

426

CHRONICLE.

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 INGS.

g lu e

FROM J A N U A R Y 1 , 1 8 8 5 , TO JUNE 3 0 , 1 8 9 3 .

A t ’ge
M iles
Oper’d. E a rn in g s.
T ear.

N et
E a rn in g s.

E xpenses.

$

.

1 8 8 5 ................................. 1 ,3 1 7 6 , 1 1 9 , 0 5 3 7 2
1886
1 ,3 1 7 6 .7 3 8 ,0 7 7
1887
1 .3 1 7
7 .9 8 3 ,4 1 9 0 5
1>88
1 ,4 6 3
7 .6 6 8 ,6 5 4 0 4
1 8 8 9 ................................ 1 ,4 9 3
8 .0 4 6 .6 0 3 3 7
1 8 9 0 - F i i s t 6 m o n t b s . l , 4 « 7 3 .8 9 0 ,8 5 2 9 7
1 8 9 0 - 9 1 .......................... 1 .5 7 9 8 ,8 5 0 ,9 2 0 3 4
1 8 9 1 - 9 2 ..........................1 ,6 4 0 8 , 8 3 0 .9 4 6 - 7
1 8 9 2 - 9 3 ..........................1 ,6 4 6 9 ,3 1 7 ,6 4 6 5 3

$

$

2 , 1 8 3 .7 8 0
3 , 9 3 5 ,2 7 3 4 6
4 7 4 , 2 2 7 ,4 1 6 6 82 , 5 1 " , 6 6 0
4 , 7 4 2 , 0 18 5 3 3 ,2 1 ,3 7 0
5 ,1 0 4 ,6 8 1 7 42 , 5 6 3 ,9 7 2
4 .7 1 4 ,1 1 3 27 3 , 3 3 2 ,4 1 0
2 ,5 6 0 .1 4 2 8 8 1 ,5 3 ,7 1 0
5 , 5 1 0 .3 0 3 463 ,3 1 0 ,6 1 6
5 ,1 2 1 ,5 9 3 3 7 3 ,7 0 9 ,3 6 3
5 ,2 8 2 ,0 8 4 9 24 , 0 3 5 ,5 8 1

T ea r.

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

1 8 8 5 ................................................. 1 ,3 1 7
1 8 8 6 . . . ............................................1 .3 1 7
1887
..................................... 1,3 4 7
1888
......................................1.4 6 3
1 8 6 9 ..................................................... 1 ,4 9 3

1 8 9 0 F irst, s ix m< n t h s .......... 1 , 4 9 7
18909 1 ........................
1,5 7 9
18919 2 ................................1 ,6 4 0
1 8 9 2 9 3 ........................................... 1 , 6 J 6

E xp .
p e r M ile o f
E oa d .

$
00
00
00
dO
00
00
00
00
00

2 ,9 8 8
3 ,2 1 0
3.52<»
3 .4 8 9
3 ,1 5 8
1 ,5 7 7
3 .4 9 0
3 ,1 2 3
3 ,2 0 9

C o m m e rc ia l

COMMERCIAL

26
79
52
30
10
09
83
20
61

J im e s .

EPITOME.

Sept. 8 , 1 8 9 3 .
Business in general merchandise is steadily im proving, and
duriDg the current week there has been an especially notice­
able increase in the movement of food staples. Buyers, how­
ever, are indisposed to anticipate distant requirements, and
speculative deals in leading comm odities are conducted with
much caution. Exporters are buying w heat slowly in conse­
quence of narrow margins, but have given som ewhat increased
N et E a rn , attention to corn and continue to handle fair quantities of
p e r Mile
flour. Cured meats remain dull, high cost checking home
o f Road.
consumption and export trading. W eather reports from the
$
1 ,6 5 8 00 corn-growing States have generally been construed as un­
1 ,9 0 6 00 favorable for the crop.
Advices at hand during the week
2 ,4 0 7 00
1 ,7 5 3 0 0 confirm previous fears of serious damage to the rice and long
2 , 3 1 00 staple cotton crops by the recent hurricane.
1 ,0 2 2 00
The follow ing is a comparative statem ent of stocks of
2 ,1 1 5 0 0
2 .2 6 2 0 0 leading articles of merchandise at dates given:

P E R M ILK O P E R A T E D .

A r ’gc
E a rn .
M iles p e r M ile o f
Oper’ d.
E oad.

[VOL, L V II.

00
00
00
00
00
00
00
00
00

F r id a y N ig h t ,

2 ,4 5 2 0 0

D enver , Colo ., August 26. 1893.
To the S tockh olders o f T h e D en ver & R io G ra n d e R . R . Co.

G entlemen :—I have made the A nnual exam ination of the
accounts of the Company, in conform ity w ith the By-laws,
and have ascertained 'he correctness of the Balance Sheet for
the year ended June 30, 1893.
I have investigated the books and accounts and vouch­
ers relating thereto, and in m y opinion the Balance Sheet
is a full and fair Balance Sheet, and is properly drawn up so
as to exhibit a true and correct view of the state of the Com­
pany’s affairs.
I have had ready access to the books and accounts, and all
explanations or information called for from officers has been
freely given, and has been satisfactory.
Very respectfully yours, &c.,
Charles W heeler ,
A u d ito r fo r S tockh olders.

b b ls.
P o r k ..................
L a r d . . . ..........................................tea.
T obacco, d o m e s t ic .............. b bda.
T obacco, fo r e ig n ..................b a le s.
Coffee, R io ................................b a g s.
Coffee, o th e r ............................b a g s.
Coffee, J a v a , <feo.................... m a ts .
S u g a r . .. ........................
h h d s.
S u g a r_____________
b o x es.
S u g a r................................. b a g s , &e.
M elado...................................... h h d s.
M olasses, f o r e i g n ................ h h d s.
M olasses, d o m e s tic .............. bb ls.
H id e s....................
No.
C o tto n ...................................... b a le s.
R o sin ...........................................bbls.
S p ir its tu r p e n tin e ..................bb ls.
T a r.........................
bb ls.
R ice, E . I . ................................ bags.
Rioe, d o m e s tio ........................ bbls.
L in s e e d .................................... b a g s.
S a ltp e tre ..................................b a g s.
J u t e b u tts ................................b a le s.
M an ila h e m p ___. . . . . ____ b a le s.
S isal h e m p ..............................ba le s.
F lo n r ................. bb ls. a n d sacks.

18 9 3 .

18 9 3 .

18 9 2 .

A u g . 1.

Sept. 1.

Sept. 1.

6,6 2 8
9,529
1 7 ,411
4 9 ,7 4 7
1 9 8 ,5 5 6
5 3 .8 5 0
8 3 ,755
5,5 3 8
N one.
2 9 3 ,4 7 3
N one.
1 ,1 8 1
3,0 0 0
3 2 4 ,4 0 0
1 3 7 ,0 4 8
28,101
1,8 7 2
1,9 1 4
1 1 ,0 0 0

5,2 0 0
N one.
1 3 ,5 0 0
1 8 ,0 0 0
3 ,0 0 0
1 3 ,3 6 2
1 8 6 .9 0 0

1 4 ,0 7 6
18,695
1 9 ,443
4 2 ,4 2 1
1 8 0 ,0 5 1
8 3 ,2 6 1
17,603
1,432
N on e.
2 9 2 ,8 6 5
N one.
1,145
4 ,5 0 0
3 8 0 ,3 0 0
2 b 3 ,6 7 1
2 2 ,5 5 7
1,8 2 9
2 ,5 8 3
1 7 ,000
1 ,5 0 0
9,2 7 1
1 2 ,5 0 0
6 6 ,7 0 0
N one.
150
1 5 2 ,8 0 0

6,035
9,2 0 9
1 6 ,461
4 7 ,4 7 6
168.2 U
4 9 ,3 8 8
1 1 2 .9 1 8
4 .8 1 2
N one
4 1 ' ,2<d2
N one.
1 ,0 8 7
2 ,0 0 0

3 0 7 ,0 0 0
1 3 4 ,0 4 1
22,127
7 69
1 ,5 2 6
6 ,5 0 0
2 ,5 0 0
5 ,4 6 0
13,< 00
1 8 ,3 5 0
3 .0 0 0
1 4 ,308
1 7 5 .9 0 0

B rook lyn & B rig h to n B each R a ilro a d .
Lard on the spot has m et with a very light trade, but prices
(F o r the y e a r en d in g J u n e 30, 1893. )
have advanced in sym pathy w ith futures, closing firm at
The follow ing statistics have been compiled from the reports 8@8J^c. for prime City, 8 75c. for prime W estern and 9 ’20c.
made to the N ew York State Railroad Commissioners :
for refined for the Coutinent. The speculation in lard for
future delivery at this market has continued dull, but values
E A R N IN G S, E X P E N S E S AN D C H A R G E S.
18 8 9 -9 0 . 1890-91. 1891-92. 15 9 2-93. have advanced in sym pathy with the rise in corn and on
SB
$
$
$
smaller receipts of sw ine at primary points than estimated.

G ro s s e a r n in g s ..................................
O p e ra tin g e x p e n s e s a n d t a x e s ..

1 1 9 ,7 9 9
85,7 6 1

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

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

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

3 4 ,0 3 8

3 6 ,5 ’ 6
500

2 3 ,7 7 7
500

1 8 ,0 5 0
50 0

N e t e a rn iD g s ................................ .
Add. o th e r in c o m e ............................

D A I L Y CLO SIN G P R IC E S O F L A R D F U T U R E S .

Sat.

S e p te m b e r d e liv e r y
O c to b e r a e l iv e r y . . . . .

c. H o iu. id a y .

M on.

H o iid a y .

Tues.

8-5<>
8-25

Wed.

8-6 0
8-40

Thurs.
r *66

8-40

F ri.

8*70
—

Pork has been in active demand at full prices, closing firm
at$16@ $17 for mess. Cut meats have been firm but quiet.
Tallow is fairly active and steady at 4 13-16c. Cotton seed
oil is without decided change and steady at 30@31c. for prime
6 9 ,5 5 4 crude and 3 8 ^ 39c. for prime yellow.
7 8 ,4 8 9
6 5 ,1 9 8
6 7 ,7 5 7
T o t a l...............................................
Coffee has sold with increased freedom and at higher rates.
4 3 ,4 8 0
5 0 ,4 0 4
2 8 ,1 8 2
B a la n c e , d e f ic it— .......................... . 4 4 ,4 5 1
Rio quoted at 17J^c. for No. 7, good Cucuta 20V£@20%c. and
G E N E R A L B A L A N C E SH E ET JU N E 3 0 , 18 9 3 .
interior
Padang 23 d24c. Speculation in contracts for future
A RSP.f.S
L ia b ilities.
C o st of ro a d
. . . . ‘....$ 1 ,5 7 5 ,1 8 4 C a p ita l s t o c k ................... $ 1 ,0 0 0 ,0 0 0 delivery has been hampered by the suppression of telegraphic
5 0 0 ,0 0 0 comm unication w ith primal markets through ordeis from.
C o s t of e q u ip m e n t..........
1 1 0 ,8 5 7 F u n d e d d e b t .....................
C a s h o n h a n d . ..................
1 ,6 1 5 Infc o n fu n d e d d e b t ___
8 ,3 3 3 Brazilian Government.
The general tone of values w as firm
O p e n a c c o u n ts .................
2 ,9 1 3 L o a n s & b ills p a y a b le ..
2 9 7 ,9 5 4
M a t e r ia ls a n d s u p p l i e s .
1 ,5 9 5 O p e n a c c o u n ts .................
8 0 , 10 2 and the market is well sustained at the close.
M isc e lla n e o u s ...................
6 ,6 4 4 M is c e lla n e o u s ..................
1 5 ,1 6 5
The follow ing are tbe final asking prices:
3 4 ,0 3 8

3 7 ,0 1 6

2 4 ,2 7 7

1 9 ,1 5 0

2 5 .0 0 0
I n t e r e s t o n b o n d s ............................
O th e r in te r e s t, e t c ........................... . 5 3 ,4 8 9

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

2 5 ,0 0 0
4 2 ,7 5 7

2 5 ,0 0 0
4 4 ,3 5 4

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

D ed u ct—

P r o f it a n d lo s s (d e f .) . . .

2 0 2 ,7 4 7

T o t a l.............................$ 1 ,9 0 1 ,5 5 4

T o ta l............................. $ 1 ,9 0 1 ,5 5 4

Coney Islan d & B rook lyn (T r o lle y ) R ailroad .
( F o r the y e a r e n d in g J u n e 30, 1893. J
From reports to the New York State Railroad Commission­
ers the follow ing is conmiled. Total betterments in 1891-92
-were $203,674 ; in 1892-93, $233,770.
E AR N IN G S, EX PE N SE S AN D CH A R G E S.

1 8 8 9 -9 0 .
$
G r o s s e a r n iD g s ..............
O p e r a t in g e x p e n s e s . . .............1 7 2 ,4 3 4

1 8 9 0 -9 1 .
45
2 5 9 ,6 1 4
2 1 7 ,7 1 4

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

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

N e t e a r n i n g s .......... ............. 4 5 ,7 0 0
O th e r i n c o m e ..................

4 1 ,9 0 0
2 ,0 3 8

7 9 ,2 3 3
845

1 0 5 .2 1 3
1 ,5 0 0

T o t a l ........................... ............. 4 6 ,0 8 0
D e d u c t—
I n t e r e s t o n b o D d s ........ ............. 1 5 ,7 3 0
T a x e s ................................. ............
8,-209
......
D iv i d e n d s (4 p . e . ) . . . __ :___
M is c e l la n e o u s ................

4 3 ,9 3 8

8 0 ,0 7 8

1 0 6 ,7 1 3

3 0 ,2 2 4
9 ,7 9 0

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

855

7 ,5 8 9

3 7 ,1 7 0
1 3 ,0 5 7
5 0 ,0 0 0
171

T o t a l ........................... ............. 4 1 ,7 2 9
4 0 ,8 6 9
5 3 ,9 9 7
S u r p l u s . ............................. .............
4 ,3 5 1
3 ,0 6 9
2 6 ,0 8 1
GENERAL BALANCE SHEET JUNE 3 0 , 1 8 9 3 .
A s s e ts .
L ia b ilitie s .
’
C o s t o f r o a d .................. . . $ 1 , 1 5 5 ,9 8 9
C a p ital s t o c k .
C o s t o f e q u i p m e n t ___ . .
3 4 9 ,6 7 8
Funded d e b t.
C a s li o n b a n d ................
5 1 ,4 4 9 B ills p a y a b le
O p e n a c c o u n t s ..............
2 .1 5 0 M is c e lla n e o u s
2 0 ,1 3 5 P r o f it a n d l o s s ( s u r p .) ..
S u p p li e s o n h a n d ........
T o t a l ........................... . . $ 1 , 5 7 9 ,4 0 1

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

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

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

S e p t _______ ...1 5 -7 5 0 . I D e o . . . . . ..............15-50o. | M o b ....................... 15-lO c
O o t ...................... 15'90o. J a n ........................15-30C. A p r ...........................15 00c
N o t ....................... 15-65e. I F e b ........................15-20o. I M a y . . . ................. 1 4 ’95e

Raw sugars sold w ith considerable liberality at fu ll former
rates. Centrifugal quoted 3%c. for 96 deg. test and muscovado
at 3c. for 89 deg. test. Refined sugars found active demand
and a firm market; granulated quoted at 5% c. Other staple
groceries selling more freely.
Kentucky tobacco has received increased attention from
exporters at full prices, their purchases being about 200 hhds.
Seed leaf tobacco is selling w ith more freedom at steady
prices; sales for the week were 1,200 cases, including 400
cases 1892 crop. New England Havana, 20irt3oc.; 300 cases
1892 crop, N ew England seed, private terms; 200 cases 1892
crop, Pennsylvania Havana, private terms; 100 cases 1891
crop, Pennsylvania Havana, I2@15c.
There has not been much activity to the speculative deal­
ings in the market for Straits tin, but prices have further
advanced on stionger foreign advices and the close w as firm
at t9-80c. Sales for the week were a b iu t 100 tons. Ingot
copper is quiet and unchanged, closing steady at 9 '60c. for
Lake, Lead is firmer but quiet, closing at 3 90c. for domes­
tic. Pig iron is dull but stt ady at $12 75 a $15 50.
Refined petroleum firm but quiet at 5'loc. in bbls., 2'65c. in
bulk and 5-90c. in cases; crude in bbls. firm and higher,
W ashington closing at 5 25c. in bbls. and 2 75c. in bulk;
naohtha 5J£o. Crude certificates have advanced, closing firm
at 64c. bid. Spirits turpentine has further advanced, ow in g to
scarcity, closing steady at 30c. Rosins are firmer but quiet at
$1'00® $1'05 for comm on and good strained. W ool is steadier.
Hops are quiet but steady.

September 9, 1898.]
C

THE CHRONICLE.
O

T T O

N

.

F r id a y N ig h t . S eptem ber 8, 1893.
T h e MOVEMENT of t h e C b o p , as in d icated by o u r telegram s
from th e South to n g b t, is g iv en below . F or th e w eek ending
this ev ening th e to tal receipts have reached 38.117 bales,
against IT,631 b iles la st w eek an d 13,431 hales th e previous
w eek; m ak in g th e to tal receipts since th e 1st of Sept.. 1893,
81,168 hates, a g a n s t ">6.341 hales fo r th e sam e period of 1893,
show ing a decrease since Sept. 1, 18-33, of 23,073 bales.
Mon.

Sat.

Receipts at—

Thltr>.

t'Ti.

Tue*.

Wed.

1,201
176
......
1,579
.........
16*2
......
10
.........
790
8

981

1.03*

3*20
*208
.........
916
.........
23

1.411
233

053
......
1.093
*01

1,170
.........
34

2,132
.........
63

18
<____

4

16*

20

3
......
29
......

1,0*7
.........
1,4*5
78
.........
1,793
.........
2
......
7
......
212
......

200
50

" ...
86

......

......

......

B a ltim o re .........
PhU adelph’aA c

......

......

......
58

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

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

T o t'ls th is w eek

2.880

3 992

4.435

5.189

5,*53

G alv esto n .........
VtOase>. A c - ...
Yew O rle a n s...
M obile...............
F lo rid a ..............
S a v a n n a h .........
B ro n sw ’fc.Ae.
C h a rle sto n .......
PL Royal, Ac.
W ilm ington___
W asb’ton, Ac.
N orfolk,.............
W est P o in t...

,

1,533

Tot«-

1,556
243
1,009
171

7,409
248
6.479
1,270
......
9,629

2,035
......
4S
......
65

332
.........
107
.........
1,418
8
57
200
136
300
*2*

203
57

New* Y o rk .........

300
468

6.1 S3 29.117

The follow ing show s th e w eek's to tal receipts, th e to tal since
Sept. 1, 1893, an d th e stock to-might, com pared w ith las* te a r .
1893.

Receipts to
Sen'. 8.

7,109
248
8.479,
1,270
... J
9.629

Thu Since Sep,
Week, j 1 ,1 8 9 2 ,

7,978 1S,082!
248
74
6.673 10,433
1.397
952
'
*»-*.««•!
11,412 11,969
1,209!
355
5.095'
.. s
108
397
.........!
1.506
693
75'
<*:
211
70
200
173
96
122
375:
524j
229

332
107
1.418!
®!
57.
200
136'
30O
524!

1892.

1893.
23.375
.........
36,137
5.679
......
18.193

20,130
71
11.3*0
1.014
13,216
1,451
6,453

37.593
64,930
9,075

12,777

19,o m
353
19,018

616
......

1.567

2.781

763

5,312

75
113
.........
171
508
285

5,279
188

132.075
6 000
3.116
7,332

261,298
5.A0O
10,067
4.835

50.241

249 581

440.918

In ad d itio n to above exports, o u r teleg ram s to -n ig h t also
give u s th e follow ing am ou-its of co tto n on shipboard, n o t
cleared, a t th e ports m m e d . W e a d d sim ilar figures fo r
New Y ork, w h ich a re prepared fo r o u r special use by Messrs.
L am bert & B arrow s, 24 B eaver S treet.
On Shipboard, not cleared—fo r
Sept. 8 at—

Other
9real
Britain. Prance. Foreign

2,283

S ew O r le a n s - .
G alveston........
S av an n ah ____
C h arlesto n ___
M obile..........
Norfolk ...........
New Y ork........
O ther p o r t —

2,103
None,
None.

None.
500
4.900
2,500

2,181
1,482
None.
None.
None.
N one.
SOO
None.

Oomt>
wise.
737

330
None.
1.500
None.
None.
None.
6,6> 0
1.500

Leaning
Stock.

Total.

5.534
3,7 30
3,HO0
200
Hone.
2,000
11,200
4.00 J

145
1,600
200
None.
1,500
N one.
None.

30.62 3
19.645
12,893
12.577
5.679
3.312
120.875
14,015

T otal 1 8 9 3 - .

12 186

4,406

8,930

4.382

29.964

219,619

T otal 1892...
T otal 1 8 9 1 ...

24.344
2 6 .2 8 1

5.367
4.629

11.349
2,930

7,459
13.538

48 519
47.277

392,399
242,899

Speculation in cotton for fu tu re delivery a t th is m a rk e t has
com m ut'd of an a n im ated c h aracter. The “ outside-’ or gen eral
public elem en t does Dot ap p ear to be g re a tly in terested, b u t
prom inent E xchange m em bers have engaged in som e ex ­
tensive deals the w o rk in g o u t o f w hich led to c o n sta n t and
w ide fluctuation in value. Local sen tim e n t in reg a rd to cro p
prospects is no t q u ite so h opeful as one w eek ago. S a tu rd a y ’s
m arket opened stro n g an d h ig h e r in response to Dromising
cable advices fro m E urope, b u t reacted a fte r th e tim id sh o rts
had covered. M onday was a holiday here, a n d w hen tra d in g
com m enced again on T uesday m orn in g it w as upon a very
stro n g basis. It w as found th a t th e foreign m a rk e t h ad
been g ain in g g reatly in tone; th a t th e in te rio r a n d po rt
m ovem ent of supplies w as slow , and offerings fo r
all m onths w ere exceedingly m oderate. The effect w as­
te create general alarm am ong o perators on th e “ sh o rt" side
and indue*-room trad ers to in v est for a rise, o u t o f w hich
.-ame a dem an d th a t carried a gain in value of 23 points well
sustained to th e close. On W ednesday, how ever, th e balls
were surprised a n d disappointed by th e tam eness of tone
shown at Liverpool, an d a g re a t m an y Of th e sm all deals on
the long side w ere precipitately liquidated, causing a decline
of 15 points; and yesterday, w ith cable advices again uupropitious, including reports of parti d w ith d raw al of dem an d
from M anchester, o u r m ark et settled 9 points a t th e opening,
but th e bears not a ctin g aggressively th ere w as p artial recovery
before th e close. To-d »y prices have ad v an ced sharply again
on h ig h er quo tatio n s from Liverpool and apprehension of an
unfavorable crop re p o rt from th e A g ricu ltu ra l B ureau. C otton
on the spot has been fairly activ e an d h igher, closing a t 8c, fo r
mi idling uplands.
The to t d sales for fo rw ard delivery for th e week a re 750,900
bales. For im m ed iate d eliv ery th e to tal sales foot u p this w eek
7.916 bales, in c lu d in g 1,453 for ex p o rt, 2,393 fo r consum ption,
----- for speculation and 4.109 on c o n tract. The follow in < a re
the official quot ation - for e ach d a y o f th e p a st w eek—
Septem ber 2 to S eptem ber 6.________________________________

28,117

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

31.168

!

i

G a lv e s to n ..,
Velasco. Ac
New O rlean s
M obile..........
F lo rid a .........
S a v a n n a h ...
Sf%!«eMfcQ
C h a rle s to n ..
P. Royal. A*
W ilm ington..
Wa*h*o, Ac
N o rfo lk ........
West P o in t
N*p*t N-.Ac
New Y o rk ...
B o s to n .........
B a ltim o re ...
F hlladei„A e.

S lock.

1802

This Store Sep,
Wees. 1 ,1 8 9 3 .

427

N a t.

UPLANDS.

In o rd er th a t com parison m ay be m ade w ith o th e r y ears, we O rdinary . . ..................................
S trict O rd in ary ............................
give below th e totals a t loading ports fo r si* seasons.
Receipts at—

1893.

O alves'n.A e
New O rleans
M obile.........
S av an n ah
C bar'ton.A c
WHr«*ton,A«
N o rfo lk .......
W. Point,Ae.
Aii o th e r s ...

1892. j 1801.

7,657

6.479
1.270

18,156
10.433

I8 6 0

1883

38,618
19.108
5,782

33.073
19.012
3-899

30.818

23,813

32,661

25.883

4,305
843
2.463
1.972
1,206

10.347
8.699

9,581

2,196
102

1,31*
645
4.943
13

98,190

124.368

92,991

45,691

1*4.018

8*855

T ot, tills wk.

28.117

60.295

Since S e p t l

31,168

56.241 i 131,181

14,731
5.036

10.719

s
I

332
107
1,418
65
1,100

952
11.900
5,695
597
693
145
1,053

9,629

1890.

17,912
5,920

2,506
12,653
3.011
873
1,813
230
683

The ex porta for th e week e n d in g th is even in g reach a to ta l
of 16,185 bales, o f w hich 7,69s w ere to G reat B rita in . 2,138
te« France an d fi.S-M to the rest of th e C ontinent. Below a re
th e exports lo r the w eek an d since S eptem ber 1. 1893.
from 8*p*n t, 1883, In Sept. 1, m z .
to®r««!
OenU- Total Ortot „
Com*T*t+
BrWn. France nmt. Wmk. Britain. France n*nl.

from—

0*tv**t«n. , :
Velasco, *e_..
Hew O
f ..
Mobile A Pm.
Bvrmtmh .....
Braoswtefc....
O liltw te B ,...
WUmtoirtoti.
Norfolk..........
W«st Point....
» V * New*. Ac
Hew Torse. ..

.. . . . .
......
......
.. . . . .
......
#

WmMmtei.,**,..
BmlttmrtT®,* ...

IM *

......

......
$m

Tots**- .
fmmk

.

7,mm

i itt

♦«
.....
......
......
......
.....
.....
.... .

.

......
MW)
-a......

G U LF.

S a te

O rdinary .......................................
S trict O r d in a r y .....................
Good O rd in a ry .................. .......
S trict Good O r d in a ry ................
Low Middling ...........................
S trict Low Middling...................
M id d lin g ................; ....................
Good Middling............ ................
S tric t Good M id d lin g ................
Middling F a ir ..............................
F a i r . . . . . . . . . ..................................

5%
«>«

i
'

!-

6 -h
8 Te
2*i» S i *
7ri*
,s l*
7*h« 7>*i»
8
8*„
»6te
84
Shi
8Y
9M
8

k

3
S3

:

M on T

om

W ed

5%
:

s i­

Th.

IS

1
o
15
S3

i*T
»■
9%
9>s

s ’
9

57a
e-e

7M
7 \
K "
87,«
| l rie
9 i«

f4 8

Th.

F r« .

5 ‘rie
•?*«
Ih«
7%
7*,
8

7H

I ; 18 4*
r*;8
9M

s

91,«
9M
m
S at, H o n T n e * W e d T t i .

Good O rd in a ry ..................... .
S trict Good O r d in a ry ................
lew M iddling...............................
Middling........................................

5

5=8
0*8
The

Holi­
day.

5>*
6*1
8hi

5*t

6b.
Trie

7»i«

*

5Te
6M

7»e

7 ,l*
£ •
8ri*
8*4
9%
9*e

P rl.

5>fl

2d”

7 ri»

5*4

6"*

The total sales of cotton on th e spot and fo r fu tu re delivery
223
3,180 each day d u rin g th e week are indicated in th e follow ing

Ut>
fm

statem en t. F or th e convenience of th e read er we also add
a colum n w hich show s a t a glance how th e m ark et closed on
sam e days.________________ ___________________________ _

......

.......
*

... .
_ _ _
3312 is.oni
<1,121
1,231
1.21*
i ,m
1.121
........
M
318
1n.tet, lo w #
•.*.»*»
—
m
Wk*. u m
14.8#

a

5*|®

SALES OP SPOT AND CONTRACT.

..

F rt.
5*8
6
6%
Z h«

5®s
6

MAHKET AMD SALES.

........

m
•m
SN»
mo
...... ......
......
...... ... .

Good O rdinary ..........................
S trict Good O r d in a ry .............. .
Low M id d lin g ...........................
S trict Low M iddling................... Vi\%
Middling ...................................... 7 V
Good M iddling . .........................
S trict Good M id d lin g ................ ! i *
Middling F a ir.............................. 8%
F a i r , , . , . . . . , . . . . . . . . , . __ . . . . . .

STAINED.

M o n T u e * W ed

5%
5*8
0*
7>ie

SPOT MARKET
CLOSED.

4
2.128

1*812

mmi

1.421
........
«.3*8
9ft

m

S a f d a r . Q u ie t a t

d e e.

1.2 1
e s d a y Q u irt a t % a d v .
1.421 TWued'day
s te a d y ...............
—

18,485
15,0-9

rhur*d*v E a s y m
dec.
F r id a y .. Q n le t A s te a d y .
T o ta l.

Sates o f
F uture*.

K x- i 0 on - ttpcc- C o n ­
p o rt. j tu m p . vP V n tract,

I OKU.

....

344

8 8 ,7 0 0

....

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

2 ,1 3 0
2 52
550

1 8 2 ,6 0 0
1 88,800
1 4 6 ,8 0 0

....

4.100

7 ,9 4 6

7 5 0 ,0 0 0

...j

34 4

4 00
1.053
.....

1H1
1,077
25 2

1.453

550
2,393

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M ovem ent to Septem ber 8 , 18 9 3 .
R eceipts.
Shipm ’ ls
This
S ince
This
Sept. 8.
tveeJc. Sept. 1 ,’93. w eek.

S o o ,5
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M e m p h is, T e n n ..
N a s h v ille , T en n . .
T>allas, T e x a s . ..
Y azoo C ity, M iss. 1
B h re v e p o rt, L a . ..
V ic k sb u rg , M iss ..
C o lu m b u s, M is s ..
E u la u la , A la ........

a - ^ 1
| s

D ecem ber.

P R IC E B

l 9

a l ! ci
,S - 2 - c S
5 PnbO^

AND

J an u ary.

BALES

1,055
1,2 9 2
5 00
1,7 6 1
1,1 9 5
385
46
76
39
238
59
1 30
591
2 ,9 0 8
33
9

C o lu m b u s, G a ___
M ao o n , S a .............
M o n tg o m e ry , A la

-§

OF FUTURES

F ebru ary.

M arch .

6 21

3,058
33
9

1 ,2 8 0
951
8 00
1,1 6 2
587
6 82
..........
.....
80
253
36
3 80
1,8 9 9
5 46
109

12

22

12

158
5 60

158
60s
..........
78

720
698
..........
72

73
T__.__
9

2 69

11

26
7 26
2,087
103
39

11

27
741
2,392
143
49
108
1,2 8 0

5 64
1,849
85
169
158
4 ,016
4 ,4 1 2
275
13 2
31 4
151
107

195
181
324
4
9
2 ,6 8 0
3 6 ,7 8 4
5

108
114

1 58
174

200

200

210

42
318
230

2 3 ,3 8 7 i 2 0 ,7 2 8

7 9 9 28

5 6 .2 8 2

43 684

29
10

5 18
9,5 2 9

73
103
3 (0

83
178
303

75
ICO

A p r il.

185

2 ,6 0 7
1,175
650
897
718
8o9
30
5
...a ..

88

U)

EACH

4,063
1,251
585
1,7 6 4
1,381
333
148
133

1,0 9 1
7 03
175
1 50
3 14
4
4
1,9 8 0
2 6 ,7 8 4
5

14

2 1 ,6 5 7

111

3,2 6 3
2 ,b55
6 ,1 5 8
8 27
991
2 ,2 3 4
5 90
7 81

3,6 9 7
1,209
5 50
1 ,6 6 4
1 ,2 9 6
297
138
125

100

1,077
1 0 ,0 3 0

1

6,0 7 7
1 ,0 7 2
6 00
2,7 7 2
2,1 6 3
7 ,0 6 5
5 12

1 8 ,9 4 0
6 ,6 5 7
143
791
......
5 50
3,6 0 3
1,8 1 2
3 ,7 5 7
7 08
4 83
291
2 ,5 9 2
1,5 7 0

9 92
9 ,0 4 4

10

FOB

1,127
1 ,3 9 2
500
1 ,8 3 6
1 ,2 4 5
401
46
76
39
24 3
59
140

M ovem ent to Septem ber 9, 1892.
R eceipts.
Shijm i’ ts Slock
Since
This
This
week. Sept. 1,-92. w eek.

1

8«0

2 ,0 0 0

2 1 ,911

M ONTE.
M a y.

J u n e.

J u ly .

A ver ..-

- a

A u g u tl.

A v e r.. — o —
N o m in a l.

H O L ID A Y

A v e r . . 8-69 A v e r .
B u o y a n t. A v e r . . 7-71 A v e r . . 7-86 A v e r .. 8-02 A v e r . . 8-14 A v e r . . 8-24 A v e r . . 8-34 A v e r - 8-38 A v e r . . 8-53 A v e r 4. .,1 08-52
200
0
5 ,5 0 0
1 6 ,1 0 0
7 3 .1 0 0
5 ,0 0 0
4 6 ,7 0 0
2 2 ,4 0 0
2 0 ,7 0 0
200
1 9 1 .000
8 -6 9 0 8
5
0
9
8-54
8
*
4
4
9
8-59
8
-3
3
9
8-50
8
1
5
9
8
3
3
8
-2
5
9
8'4
1
8
-0
5
9
8-24
79
4
9
8-11
7-79
9
7-95
7 '7 0 a 8-69 7 -7 0 9 7 71
8 -3 2 - —
8 '4 1 - 6-42 8 - 5 0 - 8-51 8 - 5 9 - 8-60 8 -6 8 - 8-69
1 1 -8 - 28 3-1-2 —
7 - 7 5 - 7-80 7 - 9 5 - 7-97 8 H ig h e r.
A
v
e
r
.
.
8-24
A
v e r . . 8-35 A v e r .. 8-43 A v e r . . 8-51 A v e r . . 8 '6 0 A v e r . . 8-61 A v e r . . A
v
e
r
.
.
8
1
4
A
v
e
r
.
.
8-00
A
v
e
r
.
.
7-85
A
v
e
r
.
.
-----E
a
s
y
.
sg ed n e sd ’y , S e p t. 6 5 0o
3 ,7 0 0
4oO
1 6 ,1 0 0
7 6 .1 0 0
4 ,6 0 0
4 0 ,0 0 0
2 1 ,0 0 0
20,200
1 8 2 .0 0 0
S a le s, t o t a l ................
7 - 7 9 9 7-92 7-94 9 8-08 8 -0 6 4 8 -2 1 8-16 9 8-31 8-27 9 8 '4 0 8-34 9 8-49 8 -1 7 9 8-52 8 -5 1 9 8-64 8 - 6 0 9 b-61
P r ic e s p a id (ra n g e ) 7 ’7 9 d 8 61 — i t " —
8
5
2
8-53
8
4
3
8-44
8
3
4
8-35
8
1
7
8-18
8
2
5
8
26
8
0
7
8-08
7 - 6 0 - 7-65 7 - 7 9 - 7-80 7 - 9 4 - 7-95
L o w e r.
C lo s in g .................
A v e r . . 7-73 A v e r . . 7-89 A v e r . . 8 0 1 A v e r . . 8-12 A v e r . . 8-22 A v e r . . 8 '2 9 A v e r . . 8-37 A v e r . . 8-17 A v e r .. 8 '5 3 A v e r . . A v e r..—
L o w er.
f lin r s d a y , S e p t. 7 —
2 00
900
900
5,3 0 0
6 4 ,8 0 0
5 ,0 0 0
3 7 ,5 0 0
1 2 ,4 0 0
1 1 ,800
1 3 8 .8 0 0
8 a l e s , t o t a l ..............
8 9 8-15 8 -1 9 9 8-24 8 -2 7 9 8-32 8 3 6 9 8-38 8 -4 5 9 8-48 8-53 9 —
79 7 89 -08-04
7-70 9 7-76 7 -8 4 * 7-9
P r ic e s p a id (ra n g e ) 7*70 a 8-53 — 'a 8 - 4 6 - 8-47
8
3
9
8-40
8
3
0
8-31
8
1
2
8-13j
8
2
1
8-g3
80
1
8-02
7
7
4
7-75
7
-8
8
—
7
’89
7
5
5
7-57
S te a d ie r.
C lo sin g ................
A ver . .A v e r . . 7-86 A v e r . . 8-08 A v e r . . 8 '2 0 A v e r . . 8-31 A v e r . . 8 40 A v e r . . 8-50 A v e r . . 8 '5 9 A v e r . . 8 '6 2 A v e r . . A v e r..—
H ig h e r.
F r id a y , S e p t. 8 —
500
9 00
4 ,5 0 0
6 3 ,3 0 0
I
3 ,1 0 0
1 3 ,900 I
1 9 ,400
4 1 ,2 0 0
1 4 6 .8 0 0
B ales, t o t a l . . . . . .
— o ’
8-62 9 8-59
9
8*45
9
8"54
8
-2
4
9
8-37
8
3
6
9
8-44
7
-8
0
9
7-941
7
-9
7
4
8-14!
8
-1
1
9
8-26
P r ic e s p a id (ra n g e ) 7 82 r 8 '6 2
8 - 5 0 - 8-51 8 - 5 9 - 8-60 8 -6 8 - 8-69
7-S0 - 7-83 7 - 9 1 - 7-92, 8 - 0 7 - 8 08 S '2 0 - 8-21 S - 3 1 - 8-32 8 - 4 1 - —
C lo sin g ....................... U n s e ttle d .
________________________
9 00
9 .6 0 0
8 200
4 2 .8 0 0
1 8 ,500
3 2 0 ,9 0 0
1 8 8 ,6 0 0
8 4 .9 0 0
5 6 ,3 0 0
200
r o ta ls a le s tlile w e e k .
7 5 0 ,9 0 0
8-61
8-53
8-48
8-37
831
8-21
810
7-98
7-8L
7-71
A v e r a g e p r lo e .w e e k .
900
10,100
8,200
4 5 ,3 0 0
2 1 ,7 0 0
4 2 1 ,6 0 0
2 3 0 ,6 0 0
1 1 0 ,6 0 0
10L .500
400
9 5 0 ,9 0 0
B ales sln o e B e p .l, 9 3 .
r u e s d a y , S e p t. 5 S a l e s , t o t a l ..............
P r ic e s p a id ( r a n g e )
C lo s in g .................

&< ©
0 3

S e p te m b e r .

,ft 3 5 5
g fM t- _.

A v e r . . 7-76 A v e r . . 7-92 A v e r .. 8-01 A v e r . . 8-13 A v e r . . 8-24 A v e r . . 8-27 A v e r . . 8-38 A v e r . . 8-45 A v e r . . —
A ver . .F ir m e r.
400
800
5 o0
4 3 ,6 0 0
8 00
2 3 ,2 0 0
10,300
9 ,1 0 0
8 8 ,7 0 0
5 9 8-18 8 -2 0 9 8-25 8 -2 4 9 8-31 8 -3 7 9 8-41 8 -4 1 0 S-50
96 89 - 08-07
7-72 9 7-82 7 -8 7 9 7-97 7—
7 -T e a 8-50 —
8
4
6
8-43
8
3
7
8-39
S
2
8
8-30
8
0
9
8-1C
8
1
9
8-20
8
0
1
—
7 - 5 6 - 7-58 7 - 7 6 - 7-77 7 - 9 1 - E a s ie r.

M o n d ay , S e p t. 4 —
B ales, t o t a l ..........
P r ic e s p a id (ra n g e )
)
C lo sin g ..............—
w
P3
P
H
D
Ph

D A IL Y

M a r k e t,

R a n g e and
Total BaltI.

fcCrg ^
«
a 2 ^ °

R om e, G a ..............
_2 03 C5 .
C h a r lo tte , N. C ...
g c c '3
ts c r .^ ^
3 t. L o u is , M o ........
o a)
oo
M S o
IH H
H
C in c in n a ti, O hio.
"2 S ° < h o
N e w b e rry , 8 . 0 . . .
S oa I .co. t. J
.Ss » o g
R a le ig h , N . 0 .......
m t- n « H
C o lu m b ia , 8 . C .. .
o
'2
fl
O
2 ® 0) L o u isv ille , K y.*.
p T O -S ^ rg
L ittle R o c k , A rh i
oC<r> S
>
B re n h a m , T e x a s .
® Ms
c d ^ * ^ bQp a
H o u s to n , T e x a s .
H e le n a , A r k . i ___
i 's s l l
G re e n v ille , M iss.
m ^ fl o a M e rid ia n , iM iss...
g © a S . « N a tc h e z , M is s ___
2 .£f® s §
S u « 5 o A th e n s, G a t ..........
h ?
a
° <q n ® !< S
o fe o o
T o t a l, 3 1 to w n s
s 's s s
^ > o

r= . © '.M J
. I-1' - Cl 2 S ®
c3 ' f t , © ^
3 I§ fa c £t
.* 'h fa ! o • o ©
:S
l a a ^ S 2 Jh °
-h s. u —'1£ t. £3 Pi ®
: h .'•%%
O fc,
fa-*c3
©M 'P o
p -Meg c»•£ o P
->
2 *H
>+3 CS “ p. ® s
■
“
S
o
S
g1
o ©
■ g g s S .S ^
S 3 . o 00 © ® ® w
l S« . 3> as 2. -ih .2 d I HP Cp © © ©
r3,
* ©| * 3 * « « S
W gSgpD ^
gggm m oo
ic ic Q a s®
o ' © . — — -d
t t “ rl,S©Ba. S® ■»*, p i g s ' 3 o o § t,.—
5 s--a P a 2
H a s « S i a .s is £ § fe-3 3 ^ a
£ ■ « > 9 3 a (3 a
^ £ o . o a ,bp
H5 l s § § g
hj j o H y
O .J O - H S P P
£ < < fa x x P

® c3 ; •
©p ! !
>-< . : d -2 • ©
O $ jj ® u

S -S rd ^

c3

13

: be

to © © ©

J3 J) ® W

A ver . .o '
A ver ..— o
A ver

A ver . .— o

6,4 4 4
2,7 8 5
910
3,701
3,281
2 3 ,4 0 4
682
17 6
5,356
1,760
218
1.3 6 2
1 44 9
3,617
2 ,3 4 6
30
4 3 ,1 1 8
7,091

ce
d «
- d
-g .3
. I g
] 2 s
j -2 £

.2 - 3 .3
o> o" 5
o ® di
£ ®m
s ^ s
H g g
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: d
© so
1- S f M k
^

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cCdjnd « .

5^ j ^o p43: S -g
. 2 •“ _Q
S CO•
:
P®S ®f-J ^ r- Q ,S 3 »
O P i ^ 0 7 © rH
P ® cS
850
___ • ® ® COlO d 07 g-.S
840 2 = 3
h co s
d
1,046 Sb/60
<d
® © .2
1,8 9 7 M-cccp o ® ? 2 o h
a m *> & 6 "^ 2 <d
1 0 .8 2 9 ^®V
O '® fi
1 .4 3 5 d <?Lc3 9
S
o
®
132
361. g > 6 “
a 01
§ 2
3 ,1 8 6 d ®■** 13 t x S
50 0 S f - 3 ® c * g ^ 5

128 7 0 6

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nd

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CD M © o ^
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^ P>4
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rH o © © c o S 2 * ^ £ O C*_|
_d C^t-H
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q o o e o 3J
d © © © *H ©
£ ® ® ® ® © p-lo1 ®
© {fa
d ■PUttW-P
o e o c o bo d c^8 d -h> rd X
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•d To -43
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cii D. sti Cl Cl
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a j .
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ert TO +»

September 9, 1893. |

THE CHH0N1CLE.

Q u o t a t io n s f o b Mid d l in g C o t t o s a t O t h e r M a r k e t s .—

B eljw we Rive closing quotations of uiid d iiag co tto n a t S o u th ­
ern and oth er principal cot ton m ark ets for e tch day of th e w eek.
Week en d in g
Sept. 8

CLO SIN G Q U O T AT IO N S F O E M ID D L IN G CO TTO N ON—

M on.

S alur.

G a lv e s t o n ...
N e w O r le a n s
M o b ile
6 a v a u n »b
C h a r le s to n .
W ilm in g t o n
N o r f o l k ...........
B o s to n
B a lt im o r e

7%
7 6 ,a
7ks
7 *s

. n__
7
73s

M em p h is . .
F t. L o u i s . .

741

7%
79,s
7 “ te

7%

7\

79, g
7 is is
8

7
7 » .«
7 hi

7h
7 »te
7h

7*9

Z5*
7=8

7H
7\
7H

7=8

7*9

8

8M

7%
7 k,
7\

7 *5
7 *
7 >«

7\

7«s

7H

7H
7M
7H

71
8
8
6 It

8%
7N

7\
7 ‘ > is
7Mi

7U

8

7k,

F ri.

7h
7H

7 3a

7H
*7
7h

7 rs

7 7*

739

H o u sto n
..
C in c in n a ti
L o t t is v illa

Thurs.

7 =8
7 S -s

____

7%
7 6 ,,
7 *

A u g u sta

W ed ties.

7k»
7 *4
7*4
7
73s

6?a
7
7 »s
7 1 -h «
73s

Tues.

8M

7\
7H

7\

7 9 is

The closing quotations to-day (Friday) a t o th e r im p o rta n t
Southern m arkets w ere as follows.
A tla n ta . . . . . . . .
O o lm a b u a , G » .
O o ta m b a s.M ls s

7

B a f a u l a ..............

7**

7M

N e w b e r r y ..___
R a l e ig h ..............
S e l m a ........... ..

L i ttle R o ck . . . .
M o n tg o m e r y ..
X a a h v tlle ..........
N a t c h e * .............

S h re v e p o rt. . . .

R e c e ip t s from th e P lantations . —The follow ing table
indicates the actu a l m ovem ent each week from the p la n t itions.
T he figures do n o t include overland receipts nor S o u th ern
consum ption; they a re sim ply a sta te m e n t o f th e weekly
m ovem ent from the plantations of th a t p a rt o f the cro p w hich
finally reaches th e m ark e t th ro u g h th e outports.
W uk
Z n d iw -

Att*. fc..,.
* U ....,
** IS. ..
** n . ...
S e p t, i ......
~
S

fU ce ip ti i t th e Port*, (s u it a t In te rio r T m m $. Rec'pU fr o m P H n t'm ,
im u

IW Z.

8.0W5
7 M t S jm f
*.703
n ja *
31 129 n j t 7 8 l
M.43& 23.4:3
96 i m m w

two.

i 1893.

1*92.

IM tt.

1*91.

le s s .

10,713
M 48
12M 8
12.4- 4
I7,f*4
*6 a t *

«1&90. iM & T t

M * ? i 4.510
u w
VI.S61
#1.661
aMt> M i l l “L m t
......
0.700
19,119 U fn n
8,051 10,079
w mt
74.501 m >m 21,408 15,811
79g^8 106,690 ASJ8S 8 3 /4 4

h 7 M 7 U7.963
iMijt&Q
U j O t'l2-.039
M.CW4 lt<U5l9
O tJr 0 1*8.*«*

The above statem en t show s: 1.—T h at th e total receip ts from
th e plantations since Sept 1 in 1893 a re 81.630 bales; in
1893 w ere 56 313 bates; in 1891 w ere 141,783 bales.
2.—T hat alth o u g h the receipts a t th e o u tp o rts th e p ast w e ek
w ere 28.H7 hales, the actu a l m ovem ent from plan tatio n s w as
only; S3,'44 hales, the balance g o in g to in crease the stocks a t
th e in terio r tow ns. L ast ye a r th e receipts from th e p lan tatio n s
for the week w ere 52,333 bales an d fo r 1891 th ey w ete
108,690 bales.
OVERLAND MOVEMENT FOR TH E W E E K AND SINCE SEPT, 1 —
W e give below a sta te m e n t show ing th e o v erlan d m ovem en
for the w eek an d since Septem ber 1. A* th e u-turn* reach u
b y telegraph late Friday n ig h t it is im possible to e n te r *
largely Into d etail as in o u r re g u la r m onthly re p o rt, b u t al
the principal m a tte rs of in te re st a re g iv en . This weekly
publication i» of course su p p lem en tary to th e m o re extend*-m onthly statem ent*. The result* fo r th e week en d in g Sept. 8
and since S ept, 1 in the la s t tw o y e a rs a re a* follow*:
1 893.

September B
Week.
KMarntd-

Yia 8 L L o ots..................................
Via C a lm ........................................
Via H an n ib al.................................
VI* Evam rrHIe..............................
Via L ouisville................................
YU C in c in n a ti............................
VUi- h e r route*. A c....................

......

720
38151
387
48-5J

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

T otal nrros* o v e rla n d ..............

Deduct ehipmente—

O vertaod to N. Y., BM I oq , A c . .
Betw een In terio r to w n s ............
In la n d , A o .,fro m S o u th .............
T o ta l to be d e d u c te d ................

1803.

Sine*
Sept. L

. . . . .
. . . . . .

L e a rln x to ta l n e t o v erlan d * ..

Week.

Since
kept. 1

4 .0 1 *
107

4.564
170

559

727

1*2

194

142

353

2 ,1 3 5

5,606

6.013

1,272

4 47

961

332

87
583

102
833

1 ,6 1 1

1,117

1.904

524

3 .8 8 9

4 ,1 0 9

• In a lu d lo a : m o v e m e n t h r r a il t o C a n a d a .

T he foregoing show s th a t th e w eek’s n e t o v erlan d m ovem ei t
this y ear has been 5»t bales, a g a in st 3,889 bales for t i e
week in 1892, and th a t for th e season to d a te th e ag g re g a te n* t
overland ex h ib its a decrease from a y ear ag o of 3,585 bale*.
In Sight a n d 8 p ln n er e‘
Takxngt.
8 «O0 lp t« mt p o rt* to &ep%* 8 . . . . . . .
ovQtlmnn- feo
n .. .......... .

1893.
W eek,

1892

Bine*
Sept. 1 .

W eek.

31.168

50,295

S o u th e rn c o n s u m p tio n to k e p t. 3.

15.000

12.000

T o ta l m a r k e t e d ............................
I n te r i o r s to c k s in e x c e s s ............. ..

46.692
5,427

6 6.’ 84
2 087

......

524

C am e in to s lx h t d n r in * w e e k .
T o ta l in s ig h t 3 e p L 8 .................

42,110

W orth’n s p in n e r s t a k ’g s to B ept. 8

7.101

3 .8 8 9

68,271

Sine*
S ep t 1

86.241
4.109
18.000
70,3150
72

76.422
22.578

I t will be seen by the above th a t th ere has com e into sig h t
d u ring the week 53.119 bales, ag ain st 76,423 bale* f, r t i e
sam e week of 1892, and th a t the decrease in am o u n t in sig h t
to-night as com pared w ith last y e a r is 24,308 bales.
__

429

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 .— O ur teleg rap h ic a d ­
vices from th e South th is evening in d icate th a t over a la rg e
portion of th e co tto n belt th e w eath er h as been ra th e r u n fav o r­
able th e past w eek. I n Texas th e d ro u g h t continues a t m ost
p o in ts.an d in Tennessee th e crop is claim ed to have d eterio rated
as a re su lt o f lack of m oisture. D am age by ru st, boll w orm s and
shedding is rep o rted fro m points in A rkansas, Mississippi a n d
A labam a. P ick in g is progressing freely as a ru le, b u t th e
crop is being m ark eted slowly,
G alveston , T exas. —T here h as been ra in on th re e days d u r­
in g th e w eek, th e precip itatio n b eing one in ch an d th irteen hu n ­
dredths. The th erm o m eter has av erag ed 79, ra n g in g from 71
to 86,
Palestine, T exa s.— The w e ath er has been d ry all th e w eek.
The th erm o m eter has ranged fro m 60 to 94, av erag in g 77.
EuntmriUe. T ex a s .— No rain has fallen th e past week. A ver­
age th erm o m eter 74, hig h est 90, low est 58.
D a lla s , T exa s. —C otton estim ates fo r T exas ran g e from fif­
teen to tw enty-five p er c e n t decrease. P ick in g is active
everyw here, b u t th e m ovem ent is slow. D ry w eath er has
prevailed all the week. The th erm o m eter has av eraged 76,
th e highest being 98 a n d th e low est 56.
S an A n to n io , T exas.— W e have h ad no rain th e past week.
The th erm o m eter has averaged 77, ra n g in g from 60 to 94,
L uting, Texas,— The w eath er has been d ry all th e week.
The th erm o m eter h as ran g ed from 58 to 92, av erag in g 75.
Colum fna. T exa s. —It has been show ery ou one day of th e
week, th e precipiiation reaching eig h t h u n d red th s of an inch.
A verage th erm o m eter 75, hig h est 90 and low est 60.
C uero, T exa s.— D ry w eath er has prevailed all the w eek.
The th erm o m eter has av erag ed 79, th e highest being 96 and
th e low est 62.
B elton , T exas. —No rain has fallen d u rin g th e week. The
th erm o m eter ha* averaged 69, ran g in g from 49 to 90.
B renham . T exas .—W e have had one drizzle d u rin g th e
w eek, to th e e x te n t of tw o h u n d red th s of an inch. The th e r­
m om eter has ranged fro m 62 to 94. av erag in g 78.
F o r t W orth , T exa s,— T he w eath er has been d ry all the
week. A verage th erm o m eter 78. hig h est 95 am i low est 56.
» ea th erfortl, T exa s .—T here has been no ra in th e past
week. The th erm o m eter has averaged 75, the highest being
94 an d t he low est 56.
S ets O rleans, Ixtuim ana .—W e have bad rain on four d ay s
of the week. The thermom< te r has averaged 81.
Shreveport, L ou isia n a .— P ick in g is progressing slow ly an d
m uch ta lk o f a sh o rt c ro p is heard. R ain ieli on W ednesday
to th e exu-nt o f tw o h u n d re d th s o f an inch. The th erm o m ­
eter has ranged from 58 to 92, av erag in g 78.
L ake Charles, L ou isia n a —Telegram n o t received.
(> 1 1tabus, M ississippi .—There lias been no ra in d u rin g the
w a-k. b u t heavy ra m is now fallin g anil p icking will be re­
tarded. The th erm o m eter has averaged 76, th e hig h est being
96 and th e low est 56.
behind, M ississippi ,—The w eek’s p recipitation has been
seventy-tw o h u n d re d th s of an inch. The th erm o m eter has
averaged 74-8, ra n g in g fro m 57 to 92.
M eridian, M ississippi .—Rust an d boll w orm s b av ed am ag ed
cotton d u rin g th e p a rt tw o w eeks. V ery little new cotton is
com ing in as yet.
Wo have h ad rain on th ree days d u rin g
the w eek, aud it is rain in g now.
t i t t l e H ock, Arkansas.—Teley ra m no t received.
Helena, A rk a n sa s . —There has been no rain a d the week and
there are no prospects of any. The first bale a rriv e d on
Tuesday. Ru-e an d worm*, it is claim ed, a re dam aging co t­
ton. The th< rm o m eter has av eraged 73, th e highest being 83
and th e low est 56.
Memphis, Tennessee .—The w e a th e r conditions have con­
tinued dry an d unfavorable ail the w eek, a n d th e crop has
correstw tidiagly d eterio rated . A stead y cold rain t* now fall­
ing. The th erm o m eter has av erag ed 74’8, ran g in g from 81’8
to 91 5.
N ashville, Tennessee ,—D ro u g h t is in ju rin g th e crop in ihe
w estern p a rt of th e S tate. T here has been n o rain d u rin g th e
past w eek. The th erm o m eter has ranged from 54 to 93, aver­
aging 73.
M obile, A la ba m a . —Crop rep o rts are less favorable. T here
are com plaints of in ju ry from ru s e boll w orm s a n d shedding.
We have had rain on th ree days of th e w eek, th e precipitation
reaching tw o inchps and s-venty-one h u n d red th s. A verage
th erm o m eter 78, highest 90 an d lowest 70.
Montgom ery, A la ba m a .— R u st an d shedding a re w orking
dam age to th e crop, an d farm ers are discouraged. Som e a re
holding back th e ir cotton. T here haB been ra in on one day
o f th e w eek, to th e e x te n t of tw en ty h u n d red th s of a n inch,
and it is at- reefing to day. The th erm --meter has av eraged
78, >he highest l»-ing 89 a n d th e low est 68.
Selm a, A labam a — Farm ers a re very d ilatory about g in n in g .
There has be* n rain on tw o day s o f the week to th e e x te n t of
one inch. The therm om eter "has averaged 77, ran g in g fro m
64 to 90.
M adison, F lo rid a .—Telegram n o t received.
Colum bus, G eo rg ia .—Rain is d am aging th e crop. W e have
had rain on tw o days of th e w eek, th e rain fall being seventyn ine h u n d red th s of "an inch. A verage therm o m eter 70, highest
91 an d low est 52.
A u gu sta , G eorgia .—C rop accounts are b e tte r and develop­
m ent m ore prom ising. I n e d am ag e by th e recen t storm in

THE CHRONICLE,

430

th is section has been exaggerated. Picking is progressing
slow ly and receipts are backward. The week’s rainfall has
been tw o inches and tw enty-nine hundredths, on tw o days.
The thermometer has averaged 76, ranging from 67 to 89.
Savannah, Georgia .—The w eek’s ramfall has been one inch
and sixty-seven hundredths, on three days. The thermometer
has averaged 78, the highest being 9i) and the low est 70.
St.ateburg, South Carolina.— W e have had rain on two davs
of the week, the rainfall being tw enty-eight hundredths of an
inch. Average thermometer 74'5. highest 82, lowest 64.
Charleston, South Carolina .— Bain has fallen on three days
of the w eek, to the extent of one inch and eighty-eight hun­
dredths. The thermometer has ranged from 70 to 88, averag­
ing 78.
W ilson, North Carolina .—W e have had ra iD on one day of
the w eek, the rainfall being sixty three hundredths of an
inch. The thermometer has averaged 74, the highest being
86 and the low est 62.
The follow ing statem ent we have dso received by telegraph,
show ing the height of ihe rivers at the points named at
3 o’clock Septemb r 7, 1893, and September 8, 1892.

[VOL. L V ih

Manchester Market .—Our report received by cable to-night
from Manchester states that the market c w in u ^ s firm for
both yarns and sheetings. Merchants are not william to pay
present prices. W e give the prices for to day below a n l leave
those for previous weeks of this and last year for comparison:
1893.
3 2 f Cop.

8*4 lbs.
Shirtings.

Twist.

d.
d.
A ug.4 6 tii« ®7 *2
•• 11 6 H ir ® 7 ^
“ I S O ’s a 7 3 g
“ 2 5 6 H 18®7%i
Sep. 1 6% 073s
“ 8 6 78 « 7 * s

1892

CotVn

s.
5
5
5
5
5
5

Mid.

32* Cop.

TJpIds

Twist.

d.
4 7I3
4 7i«
4H
4C,
43s
4>a

d.
d.
6
07*8
6 i ie
6
0 6 7b
5 7e 0 6 %
5% ®6%
5 l i ifl®t>78

d . a. d
7 -®7 4bj
7**d>7 5
712*7 5
7 4 i 0 7 4i*
7 L j* 7
8 07 5

Oott’H
Mid.
Vpldt

8*4 lbs.
Shirtings.
s. 4 .
s
5 0 06
4 1 L 06
4 10 ® 6
1 9 ®6
4 8 06
4 8*906

d
4*«
4
4
3
2
3

a.
4
315ia
31’ i«
31’ is
4

A nnual Cotton Crop S tatement.—In our editorial colum ns
w ill be found our annual crop statem ent, w ith the usual facts
and information with regard to consum ption, Sco.

J ute B utts, B agging , &c.—The market for bagging the
past week has been only moderately active, business being
Feet.
Feet.
confined principally to the filling of orders from the South.
43
4 0
N e w O r le a n s . . . ___A bove lo w -w a te r m a rk .
2 6
M e m p h is ..............
6 8
Prices, ho vever, have been m aintained at 4)^c. for
lbs.,
07
N a s h v ille ............ ___A b o v e lo w -w a te r m a r k .
1 -8
05
3 4
S h r e v e p o r t ........ ___ A b o v e lo w w a te r m a m .
5c. for 2 lbs. and 5}£c. for standard grades. Jute butts have
V ic k s b u r g .......... ___A bove lo w -w a te r m a rk .
2 8
9 4
been quiet. Quotations are 1 l-16c. for paper grades and
Xn o x 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 \% ajlj^c. for bagging qualities.
End s lipments of cotton at Bombay have been as follow s for
S hipping N ew s .—The exports of cotton from the U nited
th e week and vear, bringing the figures dow n to Sept. 7.
B O M B A Y R E C E IP T S A N D SH IPM EN TS F O R F O U R Y E A R S .
States the past w eek, as per latest mail returns, have reached
30,020 bales. So far as the Southern ports are concem e , these
S hip m ents s in c e Sept. 1.
S hipm ents th is w eek.
Receipts.
are the same exports reported by telegraph and published in
G rea t
C on ti­
This
T e a r Great C on ti­
Sines
T ota l.
B riV n . n ent. T otal. B rita in n en t.
W eek. Sept. 1
the Chronicle last Friday. W ith regard to N ew York we
7 .0 0 0
1893
7 .0 0 0 7 .0 0 0
7 .0 0 0 3 .0 0 0
3 ,0 ^ 0 include the m anifests of all vessels cleared up to Thursday.
Sept. 7, *93.

1892
1891
1890

..........

3*000
3 .0 0 0

......
3 .0 0 0
3 .0 0 0

2 .0 0 0

4 .0 0 0
4 .0 0 0

i.ooo

Sept. 8 , ’92.

4 .0 0 0
5 .0 0 0

2 .0 0 0
1 0 ,0 0

7 .0 0 0
5 .0 0 0

7 ,0 0 0

According to the foregoing Bombay appears to show
a n increase compared with last year in the w eek’s receipts o
1,000 bales and an increase in shipments of 7,000 bales, an
the shipments since Sept. 1 show an increase of 7,000 bales,
The movem ent at Calcutta, Madras, and other India ports foi
the last reported week and since the 1st o f September, for tw i
years, has been as follow s. “ Other p orts” cover Ceylon
Tuticorin, Kurrachee and Coconada.
S hip m ents f o r th e w eek.
Great
B rita in .

C on ti­
n ent.

Total.

C al ju tta —
1 * 9 3 ..........
1892
......................
M a d ra s —
2 ,0 0 0
1893
......................
1 ,0 0 0
1 ,0 0 0
1 8 9 2 ..........
A ll o th e r s —
1 ,0 0 0
1 8 1 3 ..........
1 .0 0 0
2 ,0 0 0
3 ,0 0 0
1 8 9 2 ..........
T o ta l a l l 1 3 9 3 ..........
1 3 9 2 ..........

3 000
3 ,0 0 0

Shipm ents sin ce Sept. I
Great
B rita in .

1 .0 0 0
4 .0 0 0

C ontinent.

Total.

2 ,0 0 0
2 ,0 0 0

2,000

1 ,0 0 0

1 ,0 0 9

2,000

2 ,0 0 0

5 .0 0 0

1 ,0 0 0
2 ,0 0 0

1 ,0 0 0
3 ,0 0 0

2,000
5 ,0 0 0

4 .0 0 0
7 .0 0 0

3 .0 0 0
3 .0 0 0

1 .0 0 0
4 ,0 0 0

4 ,0 0 0
_7,000

2 000

The above totals for the week show that the m ovem ent from
the ports other than Bombay is 3,000 bales less than the samt
w eek last year. For the whole of India, therefore, the total
shipm ents since September 1, 1893, and for tne corresponding
periods of the tw o previous years, are as follows:
E X P O R T S T O E U R O P E F R O M A L L IN D IA .

1893.
S hipm ents
to a ll E u rop e
fr o m —

This
w eek.

1892.
T h is
w eek.

S ince
Sept. 1.

This
w eek.

Sines
Sept. 1

B o m b a y .............
A ll o th e r p o rts .

7 .0 0 0
4 .0 0 0

7 .0 0 0
4 .0 0 0

7 ,0 0 0

7 .0 0 0

8 .0 0 0

1 2 ,0 0 0

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

1 1 ,0 0 0

n .o o o

7 000

7 ,0 0 0

1 1 .0 0 0

1 6 ,000

3 .0 0 0

4 ,0 0 0

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

1893.

1892.

R e c e ip ts ( o a n ta r s * ) ....
T h is w e e k ___
S in c e S e p t. 1 .

1891

1 2 ,0 0 0
12 000

1 2 ,0 0 0
17 0 0 0

This
S ince
w eek. Sept. 1.

This
S in ce
w eek. Sept. 1.

This
Sinct
w eek. 8epL. 1

2 ,0 0 0

2 ,0 0 0

4 ,0 0 0

4 .0 0 0

1 ,0 0 0

L.UOC

1 ,0 0 0
1 ,0 0 0

2 ,0 0 0
1 ,0 0 0

3 ,0 0 0
1 OoO

6 .0 0 0

6 .0 0 0

2 ,0 0 0

2 ,0 0 0

3 ,0 0 0

4 ,0 0 0

E x p o r ts (b a le s)—

T o ta l E u r o p e ..........

* A o a n t a r ta 9 8 p o u n d s .

This statem ent show s that the receipts for the w eek ending
Sept. 6 were ----- cantars and the shipm ents to a ll EuroDe
6,000 bales.

2 ,1 2 8
572
1 ,2 9 0
1 / 00
450
500
5 .5 9 0
2 ,4 7 4
3 ,2 ’ 5
1 ,5 0 0
218
158
392
1 ,0 5 8
365
1 ,6 9 2
7<»8
579

3 0 .0 2 0

T otal.

L iv e rpool.

N ew Y o rk .
N. O rle a n s.
Galv» s to n .
la v a rm a h ..
N o rf o lk __
N*p’t News
B mton. . . .
B altim o re ..
P liila d e l’a.

5 .1 2 7
5 .5 9 0
3 ,2 2 5
____
218
158
3 92
1 ,0 5 3
5 79

B rem en
B a rce<£ H am - A n t- Gothen- l<>n t <£
H u ll. H avre. burg. werp. burg. Gen a

Tota'.

_____
3 65
..........

____
1,692
..........

708
......

5 0 0 1 2 O Sl
__T
8 .0 6 4
3 2 25
. ——
— 1,500
1 ,5 0 0
218
158
39 2
3,-<23
5 79
..........

9 9 4 4 ,9 6 7

3,5 i4

1 ,7 0 3

450

9 94

2,123
2,1 7 4

1,862
__j __

1,0 0 3

__

.........

450

2 ,0 0 0

3 0 ,0 2 0

Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down t o
the latest dates:
N e w Orleans— To G e n o a - 8 e p t. 1 - S te a m e r S a x o n P rin c e . 900.
N o « F t u t — To L iv erp o o l—S opt. 2 - S te a m e r W illiam 3 t >rrs. 4.
B o s t o n — To L iv e rp o o l
S e p t. 1 - S te a m e rs H u m a n , 8 4 5 ;8 c y tliia , 2 18 . . .
S e p t. 5 S te a m e r A n a lo m a n , 171.
B a l t im o r e - T o B re m e n S e p t. 6 S te a m e r D re sd e n , 1,251.
L’o H n n b u rg -Sepr 5 -Sceim er S can La, 170.
P hiladelphia - T o L iv erp o o l - S e p t. 5 - S te a m e r L o rd C live, 3 4 0 .

arrange’
m ents w e have made with Messrs. Davies, Benachi & Co., of
Cotton freights the past week have been as follow s.
Liverpool and A lexandria, we now receive a w eekly cable of
the movements of cotton at Alexandria, Egypt. The following
| S atur.
Mon.
T u ts.
Wednes.\ T h u rt. 1
are the receipts and shipm ents for the past week and for th*
corresponding week of the previous tw o years.
L iv erp o o l, s te a m .d
is
*8
*8
1
’s
1
A le x a n d ria , E gypt,
Septem ber 6

5 ,1 2 7
994

The particulars of these shipments, arranged in our usual
form, are as follows:

T o t a l . . . . 1 6 ,3 4 7

1891

S ince
Sept. 1.

Totat, bales.
N e w Y o r k —T o L i v e r p o o l , p e r s t e a m e r s A la s k a . 1 .8 9 4 . . . A l p s ,
5 0 0 ..G a ll> a . 1 ,9 8 9 . . . R u n i o , 5 2 7 ___ P i n g 8 u e y , 2 1 7 . . .
T o H u ll, p e r s t e a m e r M a r t e llo . 9 9 1..................... ................................
T o H a v r e , p e r s t e a m e r s L a B o u r g o g n e , 7 5 . . . M e t h l e y H a ll,
2 , 0 5 3 ...................................................................................................................
T o B r e m e n , p e r s t e a m e r s A lle r , 3 0 0 . . . E l b e , 2 72 ...................
T o H a m b u r g , p e r s t e a m e r s E s s e n , 1 ,0 9 0 . .M o r a v i a , 2 0 0 . .
T o AntW v-r >, p e r s t e a m e r W a ^ a la a d , 1 , 0 0 0 ............. ........................
T o G o t h e n b u r g , p e r s t e a m e r V i- irlnla, 4 5 0 ...................................
T o B a r c e lo n a , p e r s t e a m e r P in I X . , 5 0 0
..................... ................
N e w O r l e a n s —T o L i v e r p o o l , p e r s t e a m e r s F l o r id ia n , 3 , 3 1 0 . . .
Y u c a t a n , 2 . 2 4 0 . .......................................................................
T o H a v r e , p e r s t e a m e r C o n e >rdla. 2 .4 7 4 ......................................._
G a l v e s t o n — T o L i v e r p o o l , o e r s t e a m e r I la , 3 , 2 2 5 . .............
..
S a v a n n a h — T o G e n o a , p e r s t e a m e r M a u te , 1 ,5 0 0 . ...................... . .
No r f o l k — T o L i v e r p o 1. p e r s t e a m e r C rriso e n t. 2 1 8 . . . . . . . . . . .
N e w p o r t N e w s —T o L i v e r p o o l , p e r s t e a m e r C r e s c e n t , 1 5 8 .........
B o s t o n —T o L i v e r p o o l , p e r s t e a m e r P a v o u ia , 3 9 2 . ...........................
B a LIIMORE— T o L i v e r p o o l , o e r s t e a m e r S u rra , 1 ,0 5 8 ........ ................
T o H a v r e , p e r s t e a m e r A m a r a n t h , 3 6 5 . .............................................
T o B r e m e n , p e r t e a m e r s M u n c b n u . 1 , 1 4 2 . . . .W e im a r , 5 1 0 . . .
T o A u t w e r p , p e r s t e a m e r S o r r e n t o , 7 o 8 ................
Ph i l a d e l p h i a — T o L i v e r p o o l , p e r s t e a m e r B r it is h P r i n c e , 5 7 9 .

Do
la te r ., d.
9«,
H a v re , re g liu e .d . 3 ie ® 13 e 4
Do o u ts id e s tr .d ...............
B re m e n , s t e a m . . d. 11 g4 'a>3 i 6
Do v. H a m b ,d ...............
H a m b u rg , s te a rn d .
s s2
Do
l a te r .d. 632 ® u t 4
Ams’d a m , ste a m .e .
30*
Do
l a t e r . . c. 35 0 40*
R eval, s t e a m . .. .d . i 3e « ® 7 *2
Do
l a t e r ___ d. u 6 ,® 9 , 2
B Tona, d i r e c t . . .d . 3 i* ® 7 a 2
G en o a, s t e a m . .. d .
3 16
T rie ste . v .L o n d ’n d .
7S2
A n tw e rp , s fo a m .d . ?64 a i ^
* C e n ts p e r I 0 u lb s.

9S4

;
b
o

a
:
:
:
:
:
:

1

Fri.

’e

06 *

3i a a i 3 B1 816®13g4 316®1364 316®,364
.... i
........................
l l 64 ®316 1 ,6 .® S1€ l l 64®316 1164®316
.... 1
®S9 1 B39
®32
5jj 2® 1184 5.,2'®1164 B.i2 ^ l l 64 B32® 1*S4
30*
303030
35 0 40* 3 5 4 4 0 * 3 5 a)40* 3 5 4 4 0 *
7q2
7^
7^0

BS

7B2

l7 6

1 61®9X2 1764®93.- 1764®932
318®732 8lfc®732 316®73;4 31 ® 732
3IS
S16 I 3lfi
1 3 1S
1.32
732 1 7 S2 * 732
7*4
7
7 . ®J r

S eptember 9, 1893.]

THE CHRONICLE.

L i v e r p o o l .— B y c a b le f r o m L iv e ro o o l w e n a v e cu e f o llo w in g
i t a t e m e n t o f t h e w e e k 's s a le s , s to c k s . & e .. a t t l i a t p o r t :
Aug. 13.

Aug. 21 i Sept. 1.

Sept. 8.

Sales o f th e w etc...........bales.
50,r OO
54.000
43,000
5 1,<>00
3 ,tOO
4.000
2,0 0
2.000
Of which ex p o rters UK) k ..
30 J
l.OtfO
..........
2.000
Of w hich sp ecu lato rs t o o k ..
50.000
49,0110
40,.,00
42,000
Sale* A m e ru -a n ...... ..................
6,0**0
5,000
3, *oo
l i , 00
A ctual ex .-o rt.............................
58, 00
47,000 41,000
53,Om.
Forwar-Uxl---- - . . ....................
T otal sto c k -E stim a te d .......... 1,207,000 1,133.000 1,162.0 >0 1,118,000
Of which A m erican—E stim 'd 954,000 928,*'.>0 9 (5 .0 1 0 865.000
Total im p o rt o f th e w eek------29.000
23.000
21,000
19.000
14,0.10
16,000, 15,0.i0
12.0 m
Of which A m erican ............
4 ,000
30 0 )0
30,000
3 .,000
A m ount afl a t ............................
33, 00
2*(,000' 20,00 < 2 i.i.QO
Of w hich A u ien can ................

T he tone of th e Liverpool m a rk e t fo r spots a n d fu tu re s each
day of the week ending S s p t 8. and th e d ally closing price t
of spot cotton, have been as follow s:
Saturday Monday. Tuctday

Spot.

Wtdne*. ThurtcCy. FridLft'

Fair
M ark et, ( Moderate Harden'*. Quiat and mslnmt
firm.
i3@rn.aiul.
1:45 r .
doio*.
6.000
500

Steadier.
4%

47,*

47„

4%

4%

10,000
900

8.000
1,050

10,000
500

10,000
500

47,

M ld.Upl’ds.
S a le s ...........
Spec. A exp.

85aai«r.

10.000
1,500

fu tu r e!.

a» Ht«ady a? 8Uafl? a- Steady at Sasy at Stead v ar
M arket, > m m 6r M&
■IJMad4 i-M deUH%Z-*i
1:45 r.
daciina.
M arket, 1
4 r u. {

Q nltt anc

Firm.

Stsady.

Sareijr
«t*w4r

Flrm.

Firm.

The opening, highest, low est and clewing prices o f fu tu ie s
a t Liverpool fu r each d ay are given below. Prices a re on
th e b a s is of U plands, Low M iddling clause, unless o th erw ise
s ta te d :

nr

IA* p rice! are gteen in pence and 64DU.
01 meant 5 1 04d

T h a t;

4 03-041- and 5

a

ife e * . S e p t.

Open a m Lme< OKI 0?*n
4A
September. 4*1 4YJ
t a n S M . . . 4 20 4 2.1
O at-.S or-.. t n 4 n
Mor.-Dac... * t* 4 SS
Dae—Ian.... 4 21 4 u
Jan.-F«6__ *W 4 !»
Fsb.-Meb... SYS 428
Mch-AorU. 41© 4 8©
April-May . 432 4 m
May Jana... 431 i m

A
4 21
(2.,
4 21
4 3*
4 24
438
4*3
43©
4 8i
4 34

t 1 A
4*1 4 22
m i | 4ft
h i
4n
423 ■iM
i ** : 4 &
4 m ,* r r
1 «8 1***
43© t a i
* 32 433
4 M ts a

W ed .. H e n . « .

Lorn.

4.
A
* *3 * «

iU
in
in
i 21 4*3 4 f t
in *n 4

J27 427 127
in

H9

»n

4 31 4 f t 4 i t
*A> *.,3 433
I K i U 4 as

4.
iM
1n
IM
i Z7

A
iM
*m
i m
iW
ftfP 4 m
in *n
433 i u
%m 4 m

A
4m
415
4m
4S7
*»
4 81
4
4m
4 31

4.
i n

A
A
A
4 SS 4 24 4 25
423 4 *5 4 2t 4 25
* M 423 * U 4 25
. 4 Sft iM * n 4 **
: iM i t s t m 4 SI
| i n 4 8© i 24 i 3©
l i&) 4 %t 4 S> 4 m
■ 4 M 4 U 4 32 4 n
4 3* * m 4 U 4 ad
4 m 438 4 M 4 28

Tfc«r»«e S e t t . 7 . jj

Opm m e* I/n*. date 09m Big* Lew.
September,.
SepL-Oet...
O M q irss,*
Nov,. Dae...
Dec. Jar.. .,
J*n.-r*b.
Jeb-M eb
Mch.Aprtl.
April May
Mar June..

Opm Sigh Lew. the.

A
4*2
4n

A
A
4 28 ! * n
4 17 t t t
it* 4 «
i n ' 4 23
i m ! # *:>
4a*' 4n
* 34 * n
43d 4 31
4 a? 4
4 38 * S3
4 » *41 *29 4 41 i * m

The spot m a rk e t w as firm b u t q uiet. The sales inclu d ed No.
3 red w in ter a t
over S eptem ber in store; No. 2 h ard
w in te r a t 7QJ£c., f. o. b. afloat, a n d No. 3 Toledo re d w in ter a t
5c. u n d e r D ecem ber delivered.
DAILY OLQSISe PSIOES -J. HO. 2 BSD WENTSB WHB4T.
S eptem ber d e liv ery ......... e.
Oetober d e liv e r y ............e .

Fifl.. - e p r . 8

4,

A
1*2
4 <ri
*ft
423
iSS 4 2*
4 27 4 2d
*m <m

4. 1 c
4.
4. m : 4*5 S S3
* .n i t b 4 M
in
4*3 i m
4*3 4 m i m
4 m : 4 I*1* 4 Si
4 47 ! 4 S© 4 m
in
4 33 t m
*m
i m *u
431 4 .f
434 4 S3 4 3 3 1 4 id 4 ®
* m * n 4 U ’ 4 m 4 41

4,
4 *s
423
4 %%

3
4 g»
4m
4 x9

i St
iM

4U

43©
4 82
4 31
4 *d
4 38

Mon.

B
—
£

%

a
—

704
714

T’tej.

Wed.

Thun.

70 4
71%

Jfri.
70%
71%

a
w

7*>%
82

75%
82%

754
81%

75%
8178

7> %
72%

The sp ecu latio n in th e m a rk e t for In d ia n corn fu tu re s has
been m ore activ e a n d prices have stead ily advanced on reports
o f crop d am ige by d ro u th . In the spot m a rk e t th ere has been
an increased dem and fro m shippers a t ad v an cin g prices a n d
y esterd ay th e sales inclu d ed No. 3 m ix ed a t 47}£e. an d in
elev ato r a n d afloat an d No. 2 w hite a t 48}£c. delivered. To­
day th e m a rk e t fu r th e r advanced on contin u ed rep o rts of
d am age to th e crop b y d ro u th . The spot m a rk e t w as firm er
but quiet. Tbe sales inclu d ed No. 2 m ixed a t 48J^c. in ele­
v ato r a n d 48?gC, d eliv ered : also No. 3 w h ite a t 47?^c. in sto re ,
DAILY OLOS1NO r a io tfs

or

NO. 2 MIX&D OOan.

B

45%

46%

Wed.

T hu n,

47

477*

O o to -e r d e liv e r y ............. .e ,

£

c

46

4->%

47%

47%

May delivery....................0.

%

w

48%

49%

50%

Septem ber 1e>1verv..„.o.

Bat.

B

D-cember delivery___ A —

Mon.

o.

Tuee.

47

4->

4 «%

PH.

437 *

50%

O ats for fu tu re delivery have a ttra c te d increased a tte n tio n
and values have m ade m oderate advances in sy m p a th y w ith
the im p ro v em en t in w h eat a n d corn. Tbe dealings in th e
spot m a rk e t h av e been fairly active a t hig h er prices, a n d yes­
terday No. 2 w hite sold a t 3 lc. and No. 3 m ixed a t 31@3l i^c.
To-day th e m a rk e t w as h ig h er o n b uving by “ sh o rts” to
cover c o n tra c ts, stim u lated by th e a 1vance in corn. The
spot m ark et w as fa irly active a u d firm er. No. 3 w hite sold a t
35c. a n d No. 2 m ixed a t 33*%'ij®33?^c.
daily

ouMixo riuoaa o r
8m..

d e n te m b e r d e liv e ry .

O ctober d ,liv e r y ...
NQ\’ * mm*r d eliv ery De I'm — r delivery . . . . c.
M ay delivery, ......... . . .e .

S

0
E
&
H

mo.

Mon.
a
0

g*
p

2 k ix sd oats.
Wed
Thuri.
JSua.
30
30%
30 7s
3
35%

30 i4
3 '%

31%
3k %
3578

m .

32

31
3»78

31%

32%
31
36%

31%

3-’ %
36%

Bye is firm ly h e l d b u t t h e d e m a n d i s s lo w .
(M u m .

f lo e .................. * b b l.* l 7 5 0 8 2 15 I P a te n t, w in ter______83 25t»*3 65
laperiine................ .
1 - 5 » 2 35 | City mill* e r tra * . . . 3 80 » 3 85
i r tr a . S o . 3 ............
2 00 * 2 50 1Rve flmtr,»a*i«raa«.. 2 9 0 » 3 00
i t t r a . So. 1 ............. 2 2 1 9 2 7■> I Buokwhoat flour..................... 9 ____
Mmm ....... ............. . 2 3 0 s ft CO I Corn m eal—
I tra tg a tt ................... 8 0 0 # 3 50 1 W estern. A o . . „ . __ 2 6 0 * 2 70
•atrnc. spring---- . . .
3 7 5 ft 4 15 | B randyw ine............
2 75
{Wheat flour In seek* aells a t prtoe* below th o se for barrels.]
o*4m .

Uptn a n a him,. Gm*

4 2-1
423
*m
4 $4

Bat.

O s-e m b e r d e liv e r y .. . . . c .
M ay d e liv e ry ....................... e.

Tume., » e p t 5

«•

f

Sept*

4 63 m eant

4S1

V aea t—
spring, oer b o s h ...
Bed w in ter So
Bed w in te r............
W hite.......................
Maw—M ix e d ..* bo.
W hite.......................
So. 2 m i x e d .......
So. 2 w h ite.............

63 »
7*1% l
58 »
01 a
32 a
34 r,
32% >
35 9

e.
Corn, per b osh.—
0.
W M t'n r o l l e d ___ 47 9
74
No 2 m ixed . . . . . . 43% »
71%
71
W estern yellow .. 48 *»
71
W e»tern w hite....... 47 9
33% B y e w estern. per b o sh . 52 9
3 *%
Btate and J e rs e y .. 50 9
33%
30
B ariev—So.ftW est'n. .. a
B u te 2 - m w e d ..... .. 9
Huwe 8 - n jw e d .............. 9

0.

50%
49%
51
49
55
54
**

4 31
4 34
*35
The m ovem ent of breadstuff* to m a rk e t is ind icated in th e
* 37
4 3© stM oment below, p re p tre d by m fro m th e figures o f th e New
We first give th e receipts a t
4 41 Y >rk P roduce E xchange.

BREADSTUFFS.
FktBAY. Sept. 9. 1833.

T here has been a very fa ir tra d e in th e m a rk e t for w h e a t
flour, an ad v an ce in w h eat values h av in g had a stim u latin g
effect upon buyers, partic u la rly for th e hom e tr a d e , a n d a
general advance of 53. per bbi. has been o btained. A m o d er­
a te trad e w as also reported in ci<y m ills lo r W est Indies a t
fu ll prices. The choice g raded of ry e flour hold firm , b u t
O therwise tbe m ark et w as dull an d easy. T here has been a
fa irly activ e trade for cornm eni a t firm rates, To-d »y th e
m a rk e t fo r w heat tf *ur was q uiet. H .biers w ere a sk in g an
advance, thereby checkin g trade.
T here has been m ore an im atio n to th e speculative dealings
in the m ark et for w heat fu tu re s, and early in tb e week prices
advanced, reflecting the g -n e ra lly im proved feeling in fin an ­
c ia l an d buboes* circles, and on stro n g e r foreign advices, b u t
yesterday th ere w as a reaction u n d e r realizing sales by longs
and predicti ng of an increased m ovem ent of th e crop in the
N o rth w est. In the spot m a rk e t tran sactio n s have been lim ­
ited, as prices have g e n e rd ly advanced above exporter*’ lim ­
its. The sales yesterday included No. 2 red w in te r w h e a t a t
a b o u t S eptem ber price d elivered; No. 2 h e rd w in ter a t 6c,
tin d er D ecember delivered, an d No. 1 N o rth ern at Sep­
tem b er price delivered. To-day th e m a rk e t w as q u iet, b u t
prices advanced a trifle in sy m p a th y w ith th e rise in corn .

W estern lake and riv e r ports, a rran g ed so a s to present th e
CJm parative m ovem ent fo r tb e week e n d in g Sept. 2, 1693,
and since A ugust l , for eacn of th e last th ree re a rs:
none.
1 Barley.
Wheat. j Corn. i Oats.
kw.
a m i mh* Ru*hjn Ih»: BmnJb* lb*j Bush.M Id* B<Mk.i*l> Bu.56 16
23 116
53.025
47l am i 2.*-,ot3- 2,150.-41
m .m
IBteago ,. t tf 4©0j
82,&©0
VI.OuO
16,0j
12,60 )
nun
*Hlw»ak@«u.

H toipU at-

©QlQtlt.
vlinn**apo;i*.
Ostrort........
CS«r#iand....
I*. D a ta ..
esorla..........
<annas City.
TdMrfcs ’©a.
immm irk,*9*.

4am« wk,*©i.
44mm Aug. i.
t*®3 ......
i m .......
i m ..........

110,171

278000
W'.OO

l.« 8
2,419
5.05 J
fto.m
*,900

4M ms

251 o?a
2/JOO
475 “19
i» « »i
1*0,416

320 Oil
273 751

* im mi
7 .m m i

33A0J*

7,140.700

..

.. ...

• ,
10.50 ’
65 70'
3*. 31
188,465
4o5.*0)

........

700

4,900
.......

3,
3.341.63d
2,700 ls#0 3.021412
3,587 83 J 3.538.72)

50,315
157.057
7*7.713

85 834
235,585
8(19.U38

. ..
12s*. Id©
22,0-12
8,©6T
2*H,0 ff
135.46©
13,115

1,4 l 430j 15.591.418 12.-225.18 ■
’
1,66©,Till 35 715,.>54 8,98 \!M l 13,083. -21
1.030,23*1 3< 4 >9,17- 12 357.0281 U O M H

...

15,3i)0

4,500

400,850
2J9.131
735.172
4 It, *02
1,217,170 4.273,008

The receipt- of Hour aud g ra m a t tn e aeatw ard porta fo r th e
veete ended S e p t 2,1893. follow :
A t-

Flour,
little.

Whsrtf
bush.

Sew Y ork. . 1.11,817 1,299, m
Boston .......... . 6 3 .2 :7
2 7 ,2 0 '
Montreal .. . Ifi.OH!
5 *430
Philadelphia 54.1120 103.761
B altim ore.. .. 20,817 3 7 s. 146
filchiiiond . ., 3.6^0
1 4,052
Sew O rleans . 11,372 143,101
Tot. w eek.. 289.065 2.018,023
Week 1892 . 372,822 2,799,706

Oorn,
b wth.

Oats,
bush,

100,100
74.625
21 :,3<J)
41.039
27,161
». Kifl
8 ,3 6 1

so©, too
2 2 8 ,'2 0
4,0*2
117,032
1 75,248
6,880
2 1,042

Barley,
bush.

Bye,
bush.
3,200

1,17 7
800

,,__

.......
2 075
560,615 1,352,290
10,175
005,332 99 j,2 8 i

10.109
30#
.........
13,00 9
72,90 4

THE CHRONICLE.

432

Below are the rail shipments of flour and grain from
W estern lake and river ports for four years:
1892.

Week
Sept. 2.

1890

18 9 1 .

Week
Sept. 3.

Week
Sept 5.

Week
Sept. 6

4 8 2 .1 3 7

3 2 8 .9 8 2

2 5 1 ,9 9 7

2 7 6 ,9 2 0

W h e a t ........... .. .b u s h . 6 2 1 ,3 5 1
C o rn ............. ................. 4 * 2 .4 0 7
O a ts ............. .................. 1 ,3 1 1 ,5 4 8
2 8 .2 7 5
B a r le y ...........................
R y e ...............

1 ,2 8 0 ,0 8 1
2 7 8 .9 9 4
1 ,4 0 ' .5 1 0
3 7 .5 7 7
60,0 2 1

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

5 6 2 .9 3 3
7 6 5 ,2 6 4
1/70L 1H 6
9 5 .4 1 2
5 0 ,6 4 9

T o t a l . .. ................. 2 ,4 6 8 9 3 0

2 .0 5 8 .1 8 3

3 ,5 7 3 ,0 9 5

3 ,1 8 2 .4 4 4

H o u r ............ ___b b ls .

The exports from the several seaboard ports for the wee*
ending Sept. 2, 1893, are shown in the annexed statement:
M rports
fro m —

N e w Y o rk
N o rfo lk .
M o n tre a l
P h ila d e l.
B a ltim ’re
N. O rl’n s .

Wheat.

C om .

F lour.

Oats.

R ye.

Peas.

Bush.

B ush.

Bbls.

Bush.

B ush.

B u sh .

9 7 5 ,2 4 6
ft3 060
7 4 .5 8 2
1 6 4 ,9 7 9
1 3 2 .0 0 0
6 7 i',0 9 8
8 2 8 ,1 0 0

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

1 6 3 ,128

1 9 9 ,975
1 1 2 ,3 33
6 -,6 7 0
5 0 ,4 26

1 7 7 /9 4
7 ^ .2 6 4
1 5 .2 0 3
2 1 ,9 7 9
4 3 .7 1 5
17,6 7 5
1,679

7 4 1 ,6 7 7

3 5 2 ,6 0 9

2 1 7 ,0 2 5

8 ,0 0 0

3 ,1 8 0

280,131

3 1 3 ,5 1 3

3 3 4 ,7 4 1

5 0 ,3 3 9

8 4 ,5 5 5

I n store at—

W heatt
bush.

C om ,
bush.

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

18 9 3 .

1892.

Week. S ince Jan . 1.

Week. 8 in ee J a n 1.

234
94
255
25 0

L r e a t B r ita in ............................
O th e r E u r o p e a n .......................
V rabla...........................................
V trtoa ..........................................
W est I n d ie s .................................
H exloo..........................................
C e n tra l A m e ric a .......................
S outh A m e ric a .........................
O ther c o u n tr ie s .........................

2.9 6 4
1,13 2
2 2 ,1 0 6
4,4 8 6
7 ,7 4 2
.5,933
12,998
1,530
3 149
3 4 ,805
1,900

52
33
52
6 59
41

99
11

i5 3
3
82
341
4

3 .6 4 7
1 ,1 6 7
6 6 ,’0 6
3 ,9 2 7
9 ,9 9 0
6,5 5 4
11.10L
2 ,4 8 4
4,2 5 8
3 1 .6 4 9
1 ,9 6 6

125

T o t a l......................................
C h in a, v ia V a n c o u v e r........

1,670

....

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

818
1,455

1 4 2 ,8 49
1 3 ,3 4 5

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

1,6 7 0

1 18,545

2 ,2 7 3

1 5 6 ,1 9 4

* F r o m N ew E n g la n d m ill p o in ts d lre o t.
18,837

__

3 5 ,0 6 0

__
......

8 ,0 0 0

1,500

......

The visible supply of grain, comprising the stocks in granary
at the principal points of accumulation at lake and seaboard
ports, Sept. 2, 1893:
N ew Y o rk ............ 1 3 ,0 8 3 ,0 0 0
5 0 5 ,0 0 0
1 )0 a f l o a t ___
A lb a n y .................
B u ffa lo ................. 1 ,3 5 2 ,0 0 0
C h lo a g o ................ 1 8 ,4 5 5 ,0 0 0
9 * 5 ,0 0 0
2,1* 3 ,0 0 0
T o le d o ................. , 1 ,5 5 9 ,0 0 0
D e tr o it.................
9 6 0 ,0 0 0
.
O s w e g o .............. .
Bt. L o u is .......... .. 4 ,0 3 2 ,0 0 0
D o a f lo a t__
9 ,0 0 0
C in c in n a ti..........
3 8 2 .0 0 0
4 5 ,0 0 0
35 1,000
M o n tr e a l...........
7 6 4 ,0 0 0
P h ila d e lp h ia ___.
P e o r i a .................
1 0 2 ,0 0 0
I n d ia n a p o lis ___
2 5 8 ,0 0 0
K a n s a s C ity ___
3 2 7 ,0 0 0
B a l t i m o r e .......... 1 ,3 6 1 ,0 0 0
M in n e a p o lis ___ 6 ,5 3 8 ,0 0 0
O n M iss is sip p i..
9 9 ,0 0 0
O n L a k e s ............ 1 .1 1 5 ,0 0 0
O n c a n a l & riv e r' 2 ,4 8 0 .0 0 0
T otals—
S e p t. 2 ,1 8 9 3 ..5 0 ,8 8 2 ,0 0 0
A ur . 26 , 1 8 9 3 ..5 ',2 3 9 ,0 0 0
S e p t. 3. 1 8 9 2 ..3 6 ,2 6 1 ,0 0 0
S e p t. 5, 1 8 9 1 ..1 9 ,8 6 2 ,4 3 5
S e p t. 6 ,1 8 9 0 .1 7 ,5 0 0 ,3 9 1

Ne w Y o r k t o S e p t . 5.

1.680

P o r tla n d .
T o t. w e ek 2 .4 0 8 ,0 7 4
B’m e tim e
1 8 9 2 .. 2 .2 5 1 ,6 1 5

oackages, valued at $110,794, their destination being to the
points specified in the table below:

Oats,
bush.

R y e,
bush.

8 1 0 ,0 0 0

6 0 ,0 0 0
8 ,0 0 0
: ,0 0 0

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

l.ooo

1 3 7 ,0 0 0
34,0110
1,0 0 0
2 9 ,0 0 0
6 ,0 0 0
5 ,0 0 0
1 ,0 0 0

B a rley ,
busk

3 ,0 0 0

48,OOP
4 7 ,0 0 0
3 3 ,0 0 '
5 5 ,0 0 0
1.000
20,000

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

2 6 ,0 0 0

5 ,5 4 7 .0 0 0 3 ,9 3 3 ,0 0 0 3 6 4 ,0 0 0
5 ,3 6 9 ,0 0 0 3 ,0 1 7 ,0 0 0 3 3 9 ,0 0 0
8 ,4 7 2 ,0 0 0 5 ,0 6 9 ,0 0 0 539,<'00
6 ,9 6 7 ,0 3 1 3 ,^ 9 3 ,0 1 4 2,75-1,140
8 .2 5 1 .1 4 6 3 ,8 1 3 ,6 7 8 5 7 1 ,3 0 0

2 3 .0 0 0
59.000

12,000
5 0 ,0 0 0
3 5 1 ,0 0 0
4 0 1 ,0 0 0
3 2 3 .0 0 0
1 3 7 ,5 5 2
5 6 2 ,2 8 8

18 9 2 .
Sept. 2 .
' N one.
N one.

T o ta l s to o k (pieces) . . . . . . . . . . .. 6 3 5 , 0 0 0

N ono.

1891.
Sept. 3 .
4 1 1 ,0 0 0
2 9 6 .0 0 0
7 0 7 .0 0 0

F oreign D r 2 Goods.—The past week has been marked by
the best business for some tim e past. Silks a n i velvets have
been in go )d request in both s'aple liaes and fancies, and a
fair trade is rep treed in most lines of dress go ids. Ribbons
and laces have s >ld in more than average quantities. H isiery
and gloves are quiet. Sales of household linens and linen
handkerchiefs show an improvement.
I m p o r t a t i o n s a n d W a r e n o u s e tV it l t d r a w a l s o f O r r G o o d s .

Cue importations and warehouse withdrawals o f dry goods
at this port for the week ending Sept. 7, and since Jan. 1,
1893, and for the corresponding periods of last year are aa
follows:

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

N e w Y o r k . F r id a y , P . M ., S e p te m b e r 8, 1 8 9 3 .

The situation in the dry goods trade continues encouraging1
The expm sion in demand so far as it is dependent upon reg­
ular requirements is slow, but it is sure, while under the
stim ulus of special prices an active business has been done
in printed cotton fabrics. There are more buyers operating
than a week ago under the force of absolute necessity, but
these are still purchasing ca u tio u sly ; y et some of
the largest houses show more liberality in their repeat
orders for staple lines. The j ibbing trade is active
in all its branches, and for the first tim e this season
a week’s results show up in favorable comparison
w ith the corresponding week last year. Prices at first hands
are irregular in outside makes of staple cottons and in all
fancy prints. Rather easier financial conditions are reported
all round and an im provement in collections is noted at
* both first and second hands. Resumption of business by a
number of m anufacturing concerns during the week indicates
some spread of the improvement noted last week, but the
number of idle spindles and looms in both the cotton and
w oolen industries is still large.
Latest reports from
Fall River favor the belief that the operatives w ill accept the
15 per cent reduction in wages next week w ithout striking.
D o m e s t i c W o o l e n s . —The general im provement in the mar­
ket has been more noticeable in this department than pre­
viously, although it is still of a mild description. W holesale
• ylothiers have purchased a greater number of sm all parcels
of heavy-w eight niece-dyed woolens and.Vorsteds than of late,
and have given rather more attention to cheviots, cassimeres
and fancy worsteds for im mediate delivery under the influ­
ence of a better distribution of garments. There have also been
more inquiries after spring weights in fancies, and this ioterest lias occasionally taken the praeiical turn of orders for
sample pieces. Overcoatings are being re-ordered lightly and
a fair business is doing in cloakings. Flannels and blankets
are quiet, but still moving rather better than a week ago, but
eaipets continue inactive.
D omestic Cotton Goods.—The exports of cotton goods
from this port for the week ending September 5 were 1,670

1893.
Stock o f P rin t C loths—
Sept 1.
H e ld b y P ro v id e n c e m a n u f a o to r e r s . 17 ’.0 0 0
F a ll R iv e r m a n u f a c t u r e r s . . . . ............4 5 9 ,0 0 0

T o t a l .............................
E n t ’d fo ro o n su m p t

THE DRY GOODS TRADE.

The value of the New York exports since January 1 ha' e
been $5,871,224 in 1893 against $7,295,923 in 1892.
The demand for b rovn sheetings shows further improve­
ment in an increase in the demand for sm all to moderate
sized lots. The onlv change in quotations of an open nature
is a reduction of J^c. in Lawrence L. L 4-yard brown sh eet­
ings. Bleached shirtings are in fair request, and some me­
dium grades are reported scarce. Leading makes of denim s
are also held in moderate compass and are in steady request.
Other colored cottons are quiet and unchanged. Exporters
have purchased rather less than an average quantity of brown
goods. W ide sheetings are quiet. In low-grade finished cot­
tons more business has been done than a week ago at steady
prices. The feature in prints has been the reduction of Amer­
ican indigoes from 6c. i o 5c. per yard, and of American shirt­
ings from 4J>£c. to 4c. per yard. Tne low price for indigoes
has resulted in an active business with both agents and job­
bers, but shirtings have responded m ildly. Ginghams are in
moderate request only. P rint cloths are firm at
for 64
squares, but the demand continues insignificant.

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8691

1893.

[V ol . L \ I L

S eptem ber

S

tate

9, 1893.]
and
terms

THE CHRONICLE.
C
of

it y

D

e p a b t m e n t

,

su b sc r ipt io n .

C o m m e r c i a l a n d F i n a n c i a l C H R O N I C L E con­
n in g 4 0 to 6 4 pa seen published everv w eek.
Mtate a n d C it y S u p p l e m e n t of C H R O M C L E con­
tain s ISO pages published periodic ill v.
I n v e s t o r # ’ S u p p l e m e n t of C H R O N I C L E (a C yclepw dia of Railroad Securities) contains 1 6 0 pages published
e v e ry o th er m onth.
Subscription to C H R O N IC LE for one v ear * 1 0 .0 0 ,
w hich includes ev e r? issue of both S u pplem en ts .

43B

C leveland, O hio.—C leveland is am ong th e large nu m b er of
cities w hich have been obliged to cu rta il th e ir expenditures for
p ublic im provem ents of late ow ing to th e ir inability to dispose
of bonds on favorable term s. F o u r per c e n t bridge a n d fire
d ep artm en t bonds to th e a m o u n t of $539,000 w hich have been
offered a t several d ifferent dates a re still on band, an d in con­
sequence o f th e failu re to sell these th e city is deterred fro m
placing o th er bonds on th e m a rk e t. O ne of th e p ro m in en t city
officials is q u oted as saying th a t unless bonds can be floated
soon w o rk w ill have to stop on m any of th e m u ch needed im ­
provem ents. The co unty has been equally u n fo rtu n a te in n o t
obtaining m oney for th e reb u ild in g of the city arm o ry w hich
was deslroyed by fire ab o u t a y e a r ago, a n d n o th in g w ill be
done on th a t now u n til sp iin g . C ounty A u d ito r A kins says
th a t h ad it n o t been fo r th e financial flurry th e new a rm o ry
w ould have been well u n d er w ay by th is tim e.

T l i e p u r p o s e o r till* S t a t e a n d C it y D e p a r t m e n t
is to furnish our subscribers w ith a w eekly addition to and
continuation of t h e S t a t e a n d C i t y S u p p l e m e n t . In o th er
w o rls , w ith th e new facts we shall give, th e am plifications
B o n d P r o p o s a l # a n d N e g o t i a t i o n # . —W e have re­
a n i corrections we shall publish, and th e m unicipal law s we
shall analyze in th e “ S tate and C ity D ep artm en t,” we e x p e c t reived thro u g h the w eek th e follow ing notices of 1 onds
to bring down weekly th e info rm atio n con tain ed in th e recently negotiated and bonds offered an d to be offered fo r
S t a t e a n d C it y S u p p l e m e n t to as n e a r th e c u rre n t date as
sate.
possible.
A llian ce, N eb.—A . L. Field, V illage Clerk, w rites th e
Chron icle concerning; th e $17,000 of w ater-w orks bonds re­
MUNICIPAL BOND BALES IN AUGUST.
cently voted th a t ttm sam e will bear in te re st a t the ra te of 6
per cen t, n a ta h l- a n n u a lly on Ju ly I, a t th e N ebraska Fiscal
Our rec»rd of bon! issues sold by municipalities dur­ Agem-v. New Y ork, a n d w ill m a tu re J u ly 1, 1913, w ith a n
ing the month of August shows a very material increase option of c a d a fte r Ju ly I, 1898. Tne village has as y e t no
ot any kind. Its assessed valuation, w inch is 1-3 of ac­
on the amounts that were reported in June and July, dent
tu a l value for 1893 is $107,393. Tne new bonds w ill be ex­
but the prices paid for the securities have in general em pt from tax a tio n .
been extremely low. Many cities have found it neces­ A (isrlatze C ounty. O hio.—Bids will be received u n til to-day,
L>r the p a rc h iw of 109,000 of court-house bonds. The bonds
sary to offer their loans in small amounts to local purchas­ will be d ate d A ugust t, 1893. will bear in terest a t the ra te of
ers, and it is gratifying to note that some of the more 5 per c nt, payable sem i-annually, a n d w ill become d u e a t the
rate f t $5,000 sem i-annually from A u g u st 1,1897, to F eb ru ary
enterprising city officials have been able to float very I, 1903
considerable amounts in this maimer. In comparing B a ltim o re , Md.—(S t »te and City S u pplem en t , page 74).—
It has L-en reported th a t th e city of B altim ore, in o rd er to
the prices with those received during the corresponding m
eet th e very urge am o u n t of its securities w hich m atu red
month of 1892, wo fiud that one of the cities in this on S' p tem b er I, H93. h a s been selling 5 per cen t bonds due
1800 a n d held by the sin k in g fund.
These securities have
State which had no trouble last year in getting 104| for in
beeu m ark eted a t 102}.£. w hile it probably cost th e city a t
a 4-| per cent 10-year loan failed last month to receive least 1U7L to obtain them .
B ev erly , M*■<#.—(S tate and C ity S u pplem en t , page 31.)—
any bids whatsoever for a 5 per ceat 30-year bond and
Town Co rk W illiam H. Lovi-tt w rites th e Chron icle th a t
another city in New York which marketed a 4 percent no
th in g w ill b e dune thus y e a r to w ard s issuing the $100,000 of
issue of $30,000 in Auguit, 1892, at 109 33 has recently sew erage bonds rtc e n tly voted.
B ro ck to n . Man#.—(S t a t e a n d C i t y S u p p l e m e n t , page 22.)
been hard pressed to get a bid of par for 5s. Since the
—City hall bonds P> th e a m o u n t of $90,000 have been a u th o r­
1st of September there has been quite a noticeable change ized. The loan w ill be dated Sept. I, 1893, a n d will m atu re
for the better, aud we are told by some of the large a t the rate of $4 ,000 au n u n llv from Septem ber 1, 1894, to
Sept. 1, 1913.
bond houses that there is beginning to be a little in­ C h a rle sto n , S. C.—(S tate and City S u pplem en t , page 105.)
quiry once more for a good city security. Let ns hope — Bids will be received until S -p te m b e r 20 by City T reasurer
that confidence will soon be so thoroughly restored that J . O. L ea fo r the pu rch ase of new five per c e n t C harleston
our cities will be able to take up again the work on bonds to th e a m o u n t of $36,000. The securities will be o f th e
public improvements which has been so generally denom ination of $500, in te re st payable A. & (X, a n d principal
to m atu re O ctober 1, 1923. J u s t about a y ear ago this city
abandoned for lack of funds.
sold $50,000 of five p er c e n t bonds due in 1922 an d th e price
In the table below we give the prices which were paid th u s received was 100 65. The T rem tirer’s ad vertisem ent o f
for August loans to the amount of $2,384,214, issued the new ite m w ill 6e f o u n d elsew here in thin Department..
by fifteen municip dities, the aggregate of sales for E a s tla n d F re e School In c o rp o ra tio n , T ex as.—Dallas K .
S ecretary of the Board of T rustees, write# ms th a t the
which no price was reported being $350,500, and the Scott.
S3 000 of school b u ild in g bonds have been sold to Messrs,
total sales for the month $2,734,71!. In the case of B ram lette & Beard, of D allas, Texas, at par. The bonds are
dated J u ly 1, 1893. bear interest a t th e ra te of 8 per cent, pay­
each loan a reference is made to the page of the able
an n u ally , an d m atu re in 20 years, w ith a n op don of call
C hronicle where a full account of the sale will be a fte r 5 years.
E aston, P a . - (State and City S u pplem en t , page 67.)—
found.
C ity T reasu rer Ja m e s McCauley w rites u-i. in reference to the
A C W S T BOND SALES.
Page.
I.aeatton.
A m ou n t. A wa rd. ©8,800 of 4 p er c e n t 30 y e a r im provem ent bonds recently a u ­
Sate.
Maturity.
thorized th a t a t a m eeting of th e eo ineti held on Septem ber
3 5 0 .. Andover, M ass.
• $3,000 100
4
19123
1 the question of issuing sam e w as voted dow n. H e states
(I) .. Boston. Mans..................... 4 10 a n d 20 year# ooo.ooo j!!’,
th a t there will be n o bonds L sued th is y ea-. ,
313- .C leveland, O h io .............. 5
Oct. 1 ,1 8 9 8
33.000 100
Elmira, N. Y —(State and City Supplement, page 47.)
§f4,.0*sM »a Kapiife, M ic h .,,., 5
100.000 too
3 1 1 . Indb.Dapof *. I n i t ............ 6
35.000 100
....... H o i
Mr. E. J , B eardsley. S ecretary of th e B oard of Education of
N. Y .............. 4
60.000 104
E lm ira, writes the Chronicle that, school bonds to the a m o u n t
4 3 i .M arion, tint ......................
8.000 104-537
of $10,500 are now being offered for sale.
LU .Mndeato trri* . TllsL, Cal «
1903 to 1912
1 2 0 .0 0 0
i>0
387 .N ew port, Kv __ . . . . . . . 5
1913
30.000 100
Hay w ard, C al.—Bids w ill be received u n til Sept. 20 by Jas.L it- N ew ton. N. .1
....... 5
13.000 1 0 7 0 9 5 A . Collins, Town Clerk, for th e purchase of th e $33,000 of
267. .New York C ity ................. 3
Nov. L i o n
319,214 100
sew erage bonds recently voted. The bonds will be dated
337. I jfcrw ra, X. J ................. C
Bept, I . 1903
14.500 100-54
2 0 7 .. P hiladelphia. P a .............. 4
823.000 100-625 Sept. 3 ', 1898, will bear interest a t th e ra te of 6 per cent, pay­
1918 1922
Vi'.7 P h ila d e lp h ia , p .t............... 4
D ec, 31.1922
50.000 100-75
able a n n u ally , and will m a tu re a t the ra te of $825 y early from
267 rhili«!<4pl»t». P a .............. 4
2.000 104
r m . 314922
S ep'. 30, 1894. to Sept, 80. 1833. B ath p rincipal and interest
352 ..S ag in aw , M ich................. 0 | 1394-1898
75.000 100
352- Saginaw , Sfieb ............... 0
will be payable n t th e office of th e Town Treasurer. Bids
80.000 102
38.500 100
209 .W arren. Ohio. ....... .......... 5
18841808
will be received for th e whole or an y portion of th e loan not
less than $11,000, an d each proposal m u d be accom panied b y a
T o ta l...................................................................
$2,384,214
certified check of 5 per cent of the a m o u n t bid for,
A ggregate o f s ale* to r w hich no p rice lias been
rep o rted (from seven m unicipalities) ...........
350,500
H illsb o ro , O hio,—Bids will be received u n til October 3 by
N . H. A yres, V illage Clerk, for th e purchase of $75,000 of
T o tal sale# to r A u g u s t ............ ................... ....... $2,734,714

i

434

THE CHRONICLE.

water-works bonds. The bonds w ill be dated October 3, 1893,
w ill bear interest at ih e rate of 6 per cent, payable sem i­
annually, and w ill mature at the rate of 815,000 every live
years Irom October 3. 1913, to October 3,1933. Principal and
interest w ill be payable at tbe First National Hank of H ills­
boro. The village has at. pr sent no bonded indebt, dness and
its assessed valuation'for 1893 is 81,979,801.
Jersey City, N. J . - (S tate and City S upplement , page
60). On September 15 bids w ill be opened for 5 per cent 20year cold a-sesstnent bonis to ih ■amount o c $700,000. These
securities are exem pt from taxation, and by a resolution of
tbe Board of Finance a sinking fund has been created for the
purpose of paying the principal when nue. The proceeds of
the loan wilt be used to noire $300,000 of the old bonds due
October 1, 1893, and $400,000 of those due January 2 , 1894. The
remainder of the above-mentioned old loans, amounting to
$259,000 and $11,500 maturing November 1, 1893, w ill tie pro­
vided for by ihe Commissioners of the sinking fund. [See
revised statem ent of the city’s debt, valuation, &c., given
on another page.]
K ings County, N. V.—(S tate and City S upplement , page
48).—A loan of $300,0C0 has been authorized by the Board of
Supervisors of Kings County in anticipation of the collec­
tion ot taxes.
Lireihr, Texas.—(State and City S upplement , page 179.)
—School-house bonds of thi-> city to the amount of $20,000
have recently been authorized by the Council.
Lem hi County, Idaho.—(State and City S upplement , page
134).—Timothy D ire, County Clerk, notifies t,he OH-.ONICLE
that no satisfactory bids were received for tbe S3 1,000 of fund­
ing bonds offered for sale on A ugust 28. The bonds were
to be sold to the party offering to take them at the lowest
rate of interest, which should ne payable at the office of the
Countv treasurer, or at any bank in the city of N ew York.
They w ill ma'Ure at the rate of $3,000 annually, com m encing
ten years after date of issue, but m ay be redeemed at the
option of the county five yea is after date.
L eom inster, Mass.—(S tate and City Supplement , page
26.)—Mr C. A. Joslin. Town Treasurer, writes the Chronicle
that a loan of $13,900 has recently been negotiated. The loan
consisted of town notes runciug 25 years at
per cent in ­
terest, and was purchased by Messrs. Gay & Stanwood, of
Boston.
M arion, Iu d .—It is reported that street improve merit bonds
of this city to the amouut of $8,000 have recently been sold to
Messrs. Jason, Wilson & Co, tor a premium of $363.
M ilw aukee, Win.—(State and City S upplement , page
102.)—It has been decided by the Commissioners of Public
D ebtor Milwaukee to place tbe $495,000 of city bonds m the
hands of N. W . Harris & Co., brokets, who have agreed to
disDose of them. These b mds were offered for sale on
A ugust 24, at which tim e no s tie was effected. Included in
the above amount is $50,000 of Em ergency Hospital bonds,
$50,00u of street im provement bonds, $125,000 water-works
bonds. $20,000 of public bath b mds and $250,000 of school
bonds. A ll of these issues w ill bear interest at tbe rate of 5
per cent per annum, payaole January and July, and will m a­
ture one-twentieth yearly ftom July 1, 1H94; io July 1, 1913.
Both prm cipil and iutere.-t of the loans w ill be payaole at the
City T nasort r’s office. To provide tor the payment of piincipal and int*-rest of the bonds a direct tax will be levied
annually sufficient to pay the interest as it falls due and to
create yearly a sinking fund equal to 5 per cent of the princi­
pal.
M odesto Irri" at ion D istrict, Cal.—C. S. Abbott. Secretary,
writes the Chronicle that bonds of this district to the amount
of $25,590 w eie lecently sold to residents at 90, arid that
$94,500 were awarded to tbe contractor who is building the
dam, now nearly three-fourths completed. The bonds bear
interest at the rate of 6 per cent, payable sem i-annually, and
mature part yearly Irom January 1, 1903, to January 1, 1912.
M ontgom ery C ou ity, I u d .—Six per cent bonds of this
county to the amount of $20,000 will soon be offered for sale.
New R ochelle, N. Y.—(S t v T e a n d C i t y S u p p l e m e n t , page
50.)—Ir, is reported that $50,000 of oonds of this village have
been sold to Messrs. Moran & Co. of N ew York.
Newf.o i, N J .—School bonds of this town to the am ount of
$13,000 have recently oeen sold for a premium of $9L2. Inter­
est on the loan is payable at the rate of 5 per cent.
N orili Toiiawauda, N. V.—(State and City Supplement ,
page 52.)—Village ( lerkT hos. E Warner w rites the CHRON­
ICLE, concern m i $52,000 of street paving bonds which were
offered lor sale ‘-n September 5, that no t ids were received for
the loan. 7 be bunds « ere to bear interest at the rate of 5 per
cent, nut tbe Village Clerk states that same has been raised to
a rate not exceeding 6 per cent. Tbe loan htcomes due semi­
annually at d the bonus are payaole at the Chase National
Bank, N ew York City.
Oakesdule, Wash.—At the election w hich took place in
Oakesdale on August 29 the people voted on tw o propositions:
one that of issuing $20,900 of water-works bonds, and the
other that of issuing $14,000 to $lo.0l)0of electric-light bonds.
• Both propositions carried. The bonds w ill bear interest at
the rate of 6 per cent per annum and w ill run 20 years.
O rrville, Ohio.—II S. W ertz, village clerk, writes us that
ow ing to the financial stringency ihe $25,900 of water-works
bonds offered lor sale on A ugust 22 did not sell. Nothing

[V ol . L V ll.

further will be done this fall relative to putting in water-works,
but the question w ill again be taken up in tbe spring or when
money matters look brighter. The bonds bear interest at the
rate of 6 per cent, payable sem i-annually, ai d mature at the
rate of $1,000 yearly from 1894 to 19u3 and then at the rate of
$1,500 y early from 1904 to 1908.
Qua nail, T exas.—W e are informed by City Treasurer R. F.
Hat bison that bids w ill be received at any time for the
Ii $15.100 of school building bonds and $10,000 of water-works
bonds to be issued.
Tbe bonds w ill f ear interest at the rate of 6 per cent, payable
M, & S. in New York , the school building bonds maturing
A ugust 1, 1948, and the water-works bonds m aturing Sep­
tember 1.1943.
The city has at present only a floating debt of $700. Its
assessed valuation for 1893 (which is about two-thirds of
acturl value) of Teal estate is $613,891; personal p operty,
$261 776; total. $875,667; State tax rate (per $1,000), $8 50; city
tax rate (per $1,600), $5.
R ochester, N. Y —(State and City S upplement , page 53.)
—In answer to our inquiry concerning the proposition to issue
city notes. City Treasurer Samuel B. W illiams writes us that
same will not be issu1d at present as enough taxes have been
colhcted to meet the requirements of the A ugust budget.
He, however, states that offers have been received for over
$100,000 of notes in case they are to be issued later. The
Treasurer also states that should additional water-works and
east side trunk sewer bonds, to be issued by the eir.v, fail to
sell before October 1. he w ill be obliged to issue the city’s
note to meet the paym ents on such work for this month.
R evenue bunds of the city to the amount of $250,000, to bear
interest from 4J£ to 5 per cent, are also being considered.
St. Clair County, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , p a g e
115) In reference t> the election which took place in this
county on A ugust 29, to vote on a proposi'ion to compromise
and fund the present railroad indebtedness of the county at
50 cents on the dollar, W illiam Pence, County Treasurer,
writes the i ' h r o n i c l e that the proposition was defeated by a
majority of 1,715 votes. The votes cast were 176 for and
1,891 against the compromise. This debt now amounts to
about $1,000,000, according to the Treasurer’s statem ent.
St,. Louis, Mo.—(S t a t e a n d C i t y S u p p l e m e n t , page 115.)
—City Comptroller Isaac H . Sturgeon notifies tbe C h r o n i c l e
that no bids were received on Saturday, S-pt. 2, for the $t,250,000 of 4 per cent gold renewal bonds then offered. The
secuiities are to be dated October 2, 1893, interest to be pay­
able sem i-annually and principal to mature in tw enty years.
The bonded debt of the city aggregates $21,376,021 05. This
amount inch des the bonded debt of the former county of St.
Louis, assumed bv the citv at the time of separa ion of county
and city, am oun’ing to $6,111,000, and the bonds issued for
water-works purposes, amounting to S5,808,000, leaving the
bonded debt of the citv proper $9,457,021 05.
Tbe ciiy has no floating debt. On April 10, 1893, the close
of the fiscal v e ir . there were in the tieasury, after charging
against the same all liabilities except tbe bonded debt, unappriated surpluses to all the revenue funds am ounting to
$412,902.
The assessment for the taxes of 1893 shows a valuation of
taxable property io the city of $284,260,790, which represents,
it is estimated, between three-fifths and two-thirds of the real
value. The rate of taxation per $1,090 valuation is $20 50.
Salam anca, N. Y.—Bids w ill he received until Sept. 15 for
the purchase of 5 per cent bonds of this village to the amount
of $8,000. Tne tond-i w ill mature at the rate of $2,000 yearly
from Ju ly 1, 1895, to July 1, 1898.
SandusKy, Ohio.—(State and City S upplement , page 84.)
—Bids will be received until October 2 at the office Of A. W .
Miller, City Clerk, for the purchase o f $7,500 of street bonds.
The bonds will be dated October 15, 1893, w ill bear interest at
the rate of 5 per c°nt, payable sem i-annually, and w ill mature
at the rate of $1,500 yearly from Occobj r 15, 1894, to October
15, 1898. Principal and interest w ill be payable at the City
Treasurer’s office.
San Jacinth, Cal.—The citizens of Sau Jacinto w ill vote
on the question of issuing $5,000 of bonds for the erection of
a high school.
South B ro w n sv ille School D istr ic t No. 74, Oregon.—J. D.
Irvine, District Clerk, writes tbe C h r o n i c l e that bonds to the
amount ot $‘2,000 recently voted fur the erection of a new
school house are being offered for sale. The bonds are to bear
interest at the rate of 8 p-r cent, payable sem i-annually, and
will become due in 20 yc ars. Tbe district has at present no
indebtedness, and its assessed valuation for 1893 is about
$390,000.
T arrant County, T exas.—Court house bonds to the amount
of $375,000, bearing interest at tne w e of o per cent and ma­
turing in 40 years, have been authorized by the com m is­
sioners.
T yrone, P a.—The $20,000 of 4 per cent 20-year Tyrone school
bonds now being offered for sale are an obligation upon tbe
entire school district, w hich covers a much larger area than
the borough of Tyrone. Proposals should be addressed to D.
S. Kloss, Treasurer of the Board of School Directors.
V a lley County, M ont.—Spaled bids w ill be received until
Oct. 5 at the office of Charles E. H all, County Clerk, for the
purchase of $67,000 of 7 per cent bonds. Interest on the loan
wall be payable sem i-annually and the bonds w ill mature in

S eptember 9, 1893,]

THE CHRONICLE.

bonds to the am o u n t of $826,500 issued. A n issue of $400,000
in 6 per c e n t one-year bonds of sm aird en o m in acio n s and an
issue of 4 p e r c e n t 35-year b o nds to th e a m o u n t of $100,000
have recen tly been auth o rized .
R ichm ond is th e c o u n ty seat of H enrico C ounty.

20 y esis, w ith an option of c all a fte r 10 years. P rin cip al and
int* rest « ill be payable eith er at Glasgow , M ont., Chicago, H I ,
or » w Y ork City", at th e option of th e holder. These are
the first hoods issued by the c o u n ty a n d are to fu n d all the
out stan d in g indebtedness.
W a s h i n g t o n ( o n i . t y . M o .- (S t a t e

Ci t v

and

Su pplem en t,

p age 118.i—Proposals w ill be rectiv ed u n til O ctober 2 a t the
office of M. A . Casey, C ounty T reasurer, for th e p u rchase of
county j o l bonds to ihe tuni u n t of $",000. The bonds will
be da ea O ctober 2, 1893, w ill hear in terest a t th e ra te of 6 per
cent per an n u m , payable s*nii-aDnual>y, and will »eeorae due
Octob< r 1, 1896, but are redeem able a t an y tim e a fte r O ctober
1, 189+.
f i n t n Place, Ohio.-—V illage C lerk R. B. P o ag e w rites th e
Chronicle th at the avenue irnpr* ivem ent bonds to th e amount
of $3,237 15 offer, d fo r sale on Septem ber 1 were a w ard ed to
Mes-n-. Rudoloh Kleybulce & Co , of C incinnati, Ohio, a t a
prem ium of % nf 1 P'*r cent- H e states th a t this is the low est
prem ium the village has received for its bonds in years. The
loan heats interest at th e ra te of 6 p r cent, payable an n u ally ,
and will m ature, p a rt yearly, from S ep tem b er t, 1891, to
Septen ber 1, 19 )3. B oth princioal and in terest will be paya­
ble a t the F irst N ational B ank of C incinnati.

i t e

($2,000 t

.

IMl

The 5 per cent bonds marked thus (•) in the above table are snbjoot
to call ten years after th o tr date of Issue.

S u ppl em en t, page

155.)—J. T aylor E llyson, Mayor. W e give below a statem en t
of the financial condition of th e city of R ichm ond an corrected
b y m eans of a report received from E. J . W arre n , C ity A udi­
tor, D u ritg the last fiscal y ear five and six p er cen t bonds to
the am o u n t of $140,083 w ere redeem ed a n d four p e r cent

PAR VALUE O F B O N D S .—The oity‘s bonds a re tn m u ltip le s of
$ 100 .

INTEREST 1» payable in Richmond.
T O T A L D E B T , SIN K IN G FU N D S , E T C .-T h e subjoined sta te
m eut show s Richm ond's to tal funded debt, th e sin k in g fund held by th e

N E W LOANS.

N E W LO A N S .

$ 5 6 , 0 0 0 Bonds
City of Charleston, S. C.

High Grade Investments

Sealed bids will be receired by the um?ert**rbe4
until 2 o’clock V- M. at Wedoeaday, ftnfe of Septem­
ber.
for FUtysJx Thousand Dollar*, or any
p a r there..f, of new City of Ctuurtoatea Bond*, hear*
Ixtf Int ere-t a t the rate o f fire per cent per mtmum,
payable *#mi annually, on the tLr»t of
and on
th# am t of «*e*» her In each year. The P**»d» are
each of the denomination of Five Hand red Dollar#,
and will run far thirty year# from 8**i of CNeiU im%,
Th# rtaht m reject, any o r ail fed* u tomtited.
Bid# should he forwarded U:>
3. O. LEA. City Trm»uret,
C harleston, 8, C.

5 1-2 Per Cent Bonds
to

Duval

s i riseEO BY

County,

Florida*

r<m

P A V IN G

NEW

l^ O O .

4 .0 0 0 R ic h m o n d , V n „ 3«, 10-2*2. 100 & ln«,
3 4 .0 0 0 C o in m b u * . (».. IS*. 1 9 0 2 ,0 7 A in t.
.1 0 .0 0 0 C le v e la n d , <>.. 1*.
1 0 0 A In t.
4 .0 0 0 IL o ro rtlx v lIte . N. Y .. J* . 101 i T A i n t .
0 ,0 0 0 s ™ U tr e c h l, V. Y ., 5*. 1 0 3 A lo t,
1 0 .0 0 0 I.ogniiA nart, I « d ..l * . 1 9 1 3 .0 7 A in t.
3 . 0 0 0 t itle . I l n r . A \ o r . 0 « , 1 * 9 6 . 9 1 A- in t .

1 0 .0 0 0 S I .P .& N. Pt»r.
19 2 4 . 10 1 A In t,
1 1 ,0 0 0 O r t. A lin y C ity S», 1 0 0 3 ,1 17 A in t.
S u b je c t to mule a n d a d v a n c e In p r ic e .
FU LL PARTICU LARS

UPOS

Coffin & Stanton,
T2 B H O A O W * V ,

-

NEW

VORK.

NOTICE,

m run twenty f*B>
with ptlTiltg** «f forty

City of Milwaukee, Wis.,
BONDS.
M0CED m i l WATER, SCHOOT,

AN D » ^B EET 1M PK0VEM ENTS.
r n ted jn i f L ims. Dm otnlnation |3o0 and fl.fOO.
%%o,*m due JnlyLl-*®!-.- ... Price, 1.00 and interest,
I V J> 0
. , Price, P*M end Wlmtmk
“
jh m,,, . Price. If# H and ln»»*re*t.
I jo8*m
**•
Imn,.. **, Pn#w,
loxm
m
1mm. .. ...P rim fWAi and interest.
- 1, ."00

Edward Morton & Co.,
53 Broadway, New York.
R p e « I» U ic « s

m im io i p a l ,
S r ilK K T It I I L W .H

N, W, HARRIS & CO „

15 >VA LI- STREET,

-

KKWTORK.

-

4s.

City of FItehbnrgr, Mass. - Gold 4 s.
19*23, P r ic e , 1 0041 a n d I n t e r e s t .

City of Chicopee, Mass.

- Gold

T o p a y 4 k P e r C e n t.

City of Chicago

7s.

J u l y , 1 S 9 1 . P ric e . I 0 0 R a n d I n t e r e s t .

City of Minaeapolis

-

-

4s.

a n ti

B A V K S T O C K 5,

W. J. Hayes & Sons,

Cable A d a rw . “ KB5NKTM.’*

City of Mlaneapolia -

• G o ld ie s .

1 0 2 2 . T o p a y -144 P e r C e n t.
WE OFFER T H * ABOVE BONDS SUBJECT TO
SALE OR ADVANCE IN PRICE.

Blake Brothers & Co.,
2S STA TS STR EET,
5

N A SSA U

S T .,

BO STO N .

NEW

YORK.

B O N D S .

Street Railway Company o f Anderson,
Indiana, Six per cent 20- Year Gold
Bonds. First Mortgage, Issue lim­
ited to $150.000.
FA R M E l is ' 1,0 AN & T R U S T CO., N ,Y „ T ru s te e .

BONDI

*
1-WM9...
■■ ■■>
*
11* ti. ... I;*rl<c. iniH and
In im s t.
! i•i' *r. *•
*’
iWd.,.. ...F re e .
BARKIS
‘V
1 W ... ,,.PFfcb«,
»U4 Ifitt'iSWf.
“
Tim-,- . ..»r.
p ‘i andtet««§wt,.
Dealers
in
MUNICIPAL BONDS,
Wf m
...PeU*,
•*
16*.#...
»n«l Int* re#t.
Th^## hfi*01 »r*! a 1«Vill to ###tenetJ fw
Street Railway Bond* and other hisrh prad# InTnx«te##*«f >i&nmtihn•awfctau
rssttDsati,
New Ue't»p*nire. Verm<»r*i and .Maine.
We mm offvr of her hlirh-atada Bond* np&mfar or- 3 n * * i »
10 Wi 11 Street,
aid# terra*. Foil purtMiilar# upon
7 E x c h a n g e l‘ la c ^ j 0, lo n .
Jf«W V o rk .

■
Ci«v oo
j..,..,,
L hK(***

•

A l’PLICA TIO S.

aSffMvrt a* theT*3d 8r>«d.«of the C ity o f I n d ia n s y e l l l which heeam# doe July tat. Ip t , *•re n.<Jii8cd
V a l i d i t y *f*
armed hr Saacvat* Gantt af RerMi*. ftetdwM* pay­ t« at **W 8»ttd« w1»l te feiahM by the ,\.-w Y*-ra
Smmrtif A T raat Co. on pro#** la 1 n »% ttiatr ufBee,
able
im B’ l j t» Sew York and
A wmmmmI # * iu e - t t a x a b l e p r o p e r t y W ^ J l , b # b**e<} K«». id Wail Street, N*»w York, ftu.m dm# to a# d Inat p»r and aoeroed
(B WWthlffl i-f i r t t t d Value. S » OTH KB DEBT, '•mtiinie September 2* th,
aad
cash in ttsaairry. Sea led h»d« fwe#*wwdl lnt«r>«t. tn etuMste- payabi© thrcrngh the Hew York
Umrm* lb mm?.
for w 0,' m* of stiff !**oe, ee4v«raht« Now,.1*?,. i
Them Bofida t*hr>»M
m l he m M i *ta m p e d o r
Bid#
cm ©* L % mxt. ml nmm- at the Bmrtj of
in anywtft#
•t#d.
Trade
hvittm, FI*. So bid*
W i ld J A M WBStOBT W O O fd EV.
ftarwt a t m * fs it iJ p a r . I n t e r e a t t o t m a k i m > n * d a t e
City <X*o3ptfoiIer.
of d#»f**ry, atid payable l i t of May aud l*t of Nor.
iNntANAJmbirn, September % I80SL
A d d re ss < I f A H L K B H . SM ITH, Secretary,

5%

•

P r i c e , 1 0 1 itn tl I n t e r e s t .

1 0 2 0 . T o p a y 4 « P e r C e n t.

l i H i y e a - ft. m > d * r A ‘ % * f

JaefesoRiUie, f Imi&s*

LOANS.

City of Boston *

F JtO H

4 I-2 to 7 I-2 Per Cent.

St. Johns River Improvement.
Total adfborfwwEl Imar
year* imm H**y. let,

When Due

B o n d ed D ebt — (Cont:)
6s, J & J ,$ 7 5 ,2 0 0 ..............J a n ., 1909
($1,000 coupon a n d $74,200 rca.)
6s, J& J, $9,900 (reg.). .Ju ly , 1009
6s, J& J, 66,600 (re g .)..Ja ti., 1910
6s, J& J, 19,900 (re s .)..J a n ., 1911
6s, J& J, 12,000 (reg-.)..Jau., 1912
6s, J& J, 6,000 (re g ,)..Ju ly , 1913
6s, J& J, 10,000 (reg,).. J a n ., 1914
5s, J & J ,201,400 (reg.I*.July, 1917
5s, J& J, 15,600 (reg.)*. J a n . 1918
5s, J& J, 102,000 (re g .)'.J u ly , 1918
5s, J& J, 175,500 (reg.)*.Jan., 1919
5s. J& J , 5,500 (reg.)' . Ja n ., 1920
5s, J & J ,261,TOO (re g .)..Ja u ,, 1921
5s, J& J ,$38,850 (re g ,)..Ju ly , 1921
5s, J& J, 140.000 (re g .)..Ja n ., 1922
5s, J & J .396,500 (reg.).. Ju ly , 1922
5s, A&O, 1,000 (reg.)..O ct., 1923
Is, J& J, 101,000 (res.)...T an., 1920
•is, J& J, 175,000 (re g .)..Ju ly , 1920
-is. J & J ,128,300 (reg,).. J a u ., 1921
4s, J& J, 24,100 (re g .)..Ju ly , 1921.
is, J& J, 6,000 (re g .)..Ja u ., 1922
4s, J& J, 44,025 (reg.)--July, 1922
-is, J & J ,242,000 (reg.). .Ja n ., 1923
-Is, J& J, 52,500 (re g .)..Ju ly , 1923
4s, J& J. 127,000 (re g .)..Ja n ., 1924
4s, J & J ,555,300 (re g .)..Ju ly , 1924
48, J& J , 93,050 (reg,!. .Ja il., 1925
4 S , J & J , l $ 2 , i 50 (reg .).Ju ly 1,1925
Is. J & J .385,950 (reg.) J a n . I, 1926
4*. J& J , 115,000............ Ju ly , 1926

8s, J& J, $2#,200 { re g J.Ja n ., 1908
8s, J& J, 2 89,800........... Ju ly . 1908
(.*6,000 colum n an d $283,800 res.)
8*. JA J, $184.000..........Ja n ., 1909
($2,000 coupon a n d $182,000 res.)
6s, J& J,
$300 (reg.i .Ju ly , 1895
6s, J& J.
1.300 (re g .)..Ja m , 1900
6-, J& J. 595,935 . ........... Jan., 190-1
($7,000 column an d $588,935 teg.)
fls. J& J, $94,940-............. lu ly , 1904
($39,000 coupon a n d $55,940 res.)
0 - .J A - J .$ 5 ! .1 0 0 ----------Imi.. 1905
($5,000 coupon a n d $-16,100 res.)
ti-, J& J, $172 ,7 2 0 (res.).Ju ly , 1906
8s. J& J, 261,080 (reg.). J a u ,, 1906
to, J& J, 1 1 0 ,0 5 0 ............ Inly, 1906
($1,000 coupon an d $109,050 res.)
to , J& J. $124,760.............J a n .. 1907
($4,000 coupon a n d $120,760 reg.)
6«, J& J, $120,900.............Ju ly , 1907
1$ 15,000 coupon a n d $1 I t ,900 res. (
6s, J& J, $6,372 { « * .) ..Ju n ., 1908

STATE AND CITY DEBT CHANGES.

a n d C it y

WhenDue. L O A N S—

LOANS—

B onded D ebt —

8s, J& J . $101,1100........... Ju ly . 1904
{£•20,000 coupon a n d $ 1 4 1 ,600 rest.)
8s, A & 0. $100,000.......... O ct,, 1904
{£81.000 couiKin a n d £19,000 res.)
Ss, J& J,
#600 (re s .).J a n ., 1906
8s, J& J,
800 (reg.) .Ju ly , 1906
8a. J & J , 3 5 1 ,2 0 0 ........J a n .. 1907

“ We subjoin reports as to municipal debts received since th
last publication of our State and City S upplement.
Som e 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.
V i r g i n i a — R i c h m o n d .—(S t a t e

435

f ir o s w

E a r n ! n e * . fir s t

year

of

K le e i r ie o p e r a t i o n .
BxStenufe#* s a m e p e r i o d ,
N e t E a rn in g s* s a m e p e rio d ,

1*12*118 0 0
Ofi
2 1 ,7 1 1 0 0

A n H o n e st Seemrity. A ttra c tiv e Price.

Campbell, Wild & Co.,
A N D ERSO N ,

IN D IA N A .

__

Arch’d. J. C. Anderson,
P U B L IC
127

ACCOUNTANT,

W a te r S treet,

-

NEW

YO K E.

THE CHRONICLE.

4i)6

c i t y a g a in s t th e sam e , a n d t h e c ity 's flo a tin g d e b t, o n th e 1 s t o f F e b r u ­
a r y o f e a c h o f th e l a s t f o u r y e a r s :
1893.
1892.
1891.
1890.
$ 6 ,5 0 3 ,5 3 3 $ 6 ,3 1 7 ,0 6 5 $ 6 ,0 5 9 ,7 1 6 $ 5 ,9 3 0 ,4 9 1
T o ta l b o n d e d d e b t.
9 1 ,8 8 1
1 4 8 ,8 0 2
8 8 ,2 7 0
8 8 ,9 5 7
S in k in g fu n d s , &c.

am ount of $32,000 and gravel road bonds to the amount of
$13,339.
N ew Jersey —Jersey C ity—(S t a t e a n d C i t y S u p p l e m e n t ,
page 60.)—Peter F. Wanser, Mayor. The follow ing statem ent
of the financial condition of Jersey City has been corrected
by means of a special report to the C h r o n i c l e received last
week from George R. H ough, City Comptroller. The Comp
troller writes that the $459,000 of assessment bonds due Oct.
1, 1893, the $11,500 of assessment bonds due Nov. 1, 1893,
and the $500,000 of assessment bonds due Jan. 2, 1894, w ill
be paid at maturity. For this purpose the Sinking Fund
Commission w ill appropriate $270,500, and the remaining
$700,000 w ill be provided for by the proceeds of the sale of 5
per cent 30-year refunding bonds w hich are to be floated on
the 15th of this month. [See item under Proposals and Nego­

N e t b o n d e d d e b t. .$ 6 ,4 1 1 ,6 5 2 $ 6 ,1 6 8 ,2 6 3 $ 5 ,9 7 1 ,4 4 6 $ 5 ,8 4 1 ,5 3 4
F lo a tin g d e b t............... $ 3 0 1 ,4 8 6
$ 2 3 2 ,1 7 2
$ 3 4 3 ,6 0 4
$ 4 1 6 ,1 6 5
T h e t o t a l d e b t i n 1 8 8 9 w a s $ 5 ,6 6 0 ,6 6 8 .
C IT Y P R O P E R T Y .—T h e e s tim a te d v a lu e o f th e p r o p e r ty o w n e d b y
t h e o ity o n F e b r u a r y 1 ,1 8 9 1 , w a s $ 4 ,6 1 9 ,0 3 4 . T h is in c lu d e s th e w a te r
w o rk s , v a lu e d a t $ 1 ,5 0 0 ,0 0 0 ; g a s w o rk s , a t $ 1 ,0 0 0 ,OOOj a n d m a r k e ts

at $202,000.
D E B T L IM IT A T IO N .—T h e c ity ’s d e b t is lim ite d b y its c h a r te r to 18
p e r c e n t o f th e a s s e ss e d v a lu a tio n o f r e a l e s ta te .

ASSESSED V A L U A T IO N .—T h e c ity ’s a s s e s s e d v a lu a tio n a n d t a x
r a t e h a v e b e e n a s fo llo w s :
C ity Tax
,----------------- J S ! ;eased V a lu a tion .Total.
P erson a l.
p er $1,000.
P ea l.
$ 6 3 ,0 7 9 ,0 6 7
$18-00
$ 2 0 ,7 1 6 ,4 2 9
1 8 9 3 .......... ....$ 4 2 ,3 4 2 ,6 3 8
6 1 ,1 1 4 ,5 6 8
1 9 ,7 2 5 ,5 4 7
1 8 9 2 .......... . . . . 4 1 ,3 8 9 ,0 2 1
1
8
,2
2
9
,9
7
2
5
8
,5
7
3
,5
2
7
1400
.
.
.
.
4
0
,3
4
3
,5
5
5
1 8 9 1 ..........
1 6 ,6 4 0 ,6 3 7
5 1 ,9 8 2 ,2 8 9
14-00
1 8 9 0 ......... . . . . 3 5 ,3 4 1 ,6 5 2
5
1
,8
6
7
,0
0
0
1
6
,9
0
3
,0
0
0
14-00
.
.
.
.
3
4
,9
6
4
,0
0
0
1 8 8 9 ..........
4 8 ,7 9 2 ,0 0 0
1 4 ,1 3 2 ,0 0 0
1400
1 8 8 8 ......... . . . . 3 4 ,6 6 0 ,0 0 0
4 8 ,3 3 0 ,0 0 0
1 4 ,3 6 0 ,0 0 0
1400
1 3 8 7 .......... . . . . 3 3 ,9 7 0 ,0 0 0
1 4 ,5 7 6 ,0 0 0
4 8 ,0 9 4 ,0 0 0
14-00
1 8 8 6 ......... . . . . 3 3 ,5 1 8 ,0 0 0
1
3
,7
5
2
,0
0
0
4
6
,2
0
0
,0
0
0
.
.
.
.
3
2
,3
4
8
,0
0
0
1
400
1 8 8 5 ..........
T h e t a x r a te fo r 1 8 9 3 in c lu d e s S ta te t a x $ 4 a n d c ity t a x $1 4 .

tiations.']

Jersey City is in Hudson County.
LOANS<— In terest .— . ,------------ P r in c ip a l. -----------,
NAME AND PURPOSE.
P a te. P a ya b le. W hen D u e. O u tsland’g .
C ity g o v e rn m e n t, 1 8 7 2 ____ c&r 7
J & J J u ly 1, 1913 a $ 5 5 0 ,0 0 0
C ity H a ll, 1 8 9 1 .........................c&r 5
F & A F e b . 1 0 ,1 8 9 4
1 9 0 ,0 0 0
(8 1 0 .0 0 0 d u e y e a r ly to F e b . 1 0 ,1 9 1 2 .)
C ity o f J e r s e y C ity , 1 8 8 4 . .. c&r 6
A & O A p r. 1 , 1 9 0 4 t l , 0 0 0 ,0 0 0
F ir e E n g in e H o u se , P o lic e S ta tio n , e tc ., B o n d s—
M & S S e p t. 1, 1 8 9 3
R e b u ild in g , 1 8 8 7 ....................... r 5
s 6 ,0 0 0
S ta tio n H o u se , 1 8 9 0 .............. r 4t> A & O O ct, 1, 1903-4 slO.OOO
E n g in e b o u s e , e tc ., 1 8 8 9 -9 0 .r 4
J & J J a n . 1, 1895
s 3 6 ,5 0 0
do
t o N o. 1, 1 8 9 0 ..r 4
J & J J a n . 1, 1897
7 ,0 0 0
F ir e e n g in e b o u s e , 1 8 8 8 ___r 4
F & A A u g . 2 7 ,1 8 9 5
t7 ,0 0 0
P o lic e H e a d -Q u a r., e tc ., 1890 4
J & J J a n . 1 ,1 8 9 6
* 3 5 ,0 0 0
($ 5 ,0 0 0 d u e y e a r ly J a u 1 ,1 8 9 6 , t o 1902.)
P o lic e s ta tio n s , 1 8 9 1 ..............r 5
J & J J a n . l ’9 9 -1 9 0 0
1 9 .9 0 0
do
do
1 8 9 2 ............... r 5
J & J J a n . 1, 1 8 9 4
10,000
do
do
1 8 9 2 .............. r 5
J & J J a n . 1. 1 9 0 9
20,000
do
do
1 8 9 1 ............... r 4h j J & J J a n . 1, 1905-7
1 5 ,1 0 0
F u n d e d d e b t, 1 8 7 2 ............c&r 7
M & N M ay 1. 1897 a 5 0 0 ,0 0 0
F u n d in g L o a n s to F u n d 100,000
J & D J u n e 1, 1 8 9 4
A s s e s s m e n t b o n d s , 1 8 7 4 .c * r 7
6 0 0 ,0 0 0
J & D J u n e 1, 1905
do
1 8 7 5 .c& r 7
3 0 0 ,0 0 0
J & J J a n . 1, 1906
do
1 8 7 6 .c&r 7
A & O A p r. "I ) ------1 9 1 6 f l , 4 6 9 ,0 0 0
do
1 8 9 1 .c * r 5

P O P U L A T IO N in 1 8 9 0 w a s 8 1 ,388; in 1 8 8 0 i t w a s 6 3 ,6 0 0 ; in 1 8 7 0
i t w a s 5 1 ,0 3 8 . T h e e s tim a te d p o p u la tio n fo r 1 8 9 3 is 9 0 ,0 0 0 .

R andolph County, In d .—W e give below a statem ent of the
debt, valuation, etc., of this county, w hich has been furnished
to us by A loert Canfield, County Auditor. No report from
this county appeared in our recent S u p p l e m e n t . County
seat is W inchester.
T o ta l d e b t J u n e 1,
1 8 9 3 ...............................
$ 4 5 ,4 8 3
S in k in g fu n d s , e t c ........
4 8 ,5 1 6
T a x v a lu a tio u , r e a l . . . 1 0 ,5 8 4 ,0 8 5
T a x v a lu a t’n , p e r s o n a l 3 ,7 0 2 ,6 3 0

T o ta l v a lu a tio n , 1 8 9 3 $ 1 4 ,2 8 6 ,7 1 5
A v e ra g e t a x r a t e (p e r
$ 1 ,0 0 0 ) a b o u t ............
$13
P o p u la tio n i n 1 8 9 0 w a s
2 8 ,0 8 5
P o p u la tio n in 1 8 8 0 w a s
2 6 ,4 3 5

The total debt as given above includes county bonds to the

FINANCIAL.

i

[Y o u L V li.

FINANCIAL.

FINANCIAL.

C IT Y OF ST. LOUIS

1850.

Gold 4s, Due 1918.
F IS H E R
B o n d s l i s t e d o n N e w Y o r k S to c k E x c h a n g e ,
L e g a l I n v e s tm e n t fo r S a v in g s B a n k s
a n d T r u s t e e s in N e w Y o r k S t a t e .

A

SHAW ,

The United States Life
Insurance Co.
IN T H E C IT Y O F N E W Y O R K .

BANKERS,

OFFICER8.
G E O R G E H . B V R F O R D , P r e s id e n t.

M e m b e r s B a l t i m o r e S to c k E x c h a n s ,

Farson, Leach & Co.,

A IV
p r o
A P y T G uaranteed F irst M or»w lA r c n U C n l I gages on im p rov ed land,
in Io w a and E a stern Nebraska. Safe and D esirable

Secretary.
C. P . F R A L E IG H .................
A . W H E E L W R I G H T ................... A ssistan t Secretary
W M . T . 8 T A N D E N ............................................. A ctu a ry
A R T H U R C. P E R R Y ............................................. Cashier
JO H N P. M U N N ....................................M edical D irector
F IN A N C E CO M M IT TE E .
GEO. G. W IL L I A M S ............... Pres. Chem . Nat, Bank
J U L IU 8 C A T L IN ..............................................D ry G oods
JO H N J. T U C K E R .................................................. Builder
E. H . P E R K IN S , JR., P res. Im p. <&T ra d e rs’ Nat. B ’k.
T h e tw o m ost popular plans o f L IF E IN S U R A N C E
are th e C O N T IN U A B L E T E R M P O L IC Y w hich
v68 to th e insured the greatest possible am ou n t o f
dem ntty in th e e v e n t o f d e a tt a t th e low est possi­
ble present cash outlay; and th e G U A R A N T E E D
INCOM E P O L IC Y w hich em braces every valuable
feature o f in vestm en t insurance, and w hich in th e
e v e n t o f a dversity overtakin g th e insured m ay be
used as C O L L A T E R A L S E C U R IT Y FO R A LO AN ,
to th e e x te n t o f th e fu ll legal reserve value th e r e o f,
in acco rd a n ce w ith th e term s an d co n d ition s o f these
policies.
G o o d A g en ts desiring to represen t th e Com pany,
are in vited t o address J . S . G A F F N E Y , Super­
intendent, o f A gencies, at H om e Office.

F i f t e e n Y e a r s ’ S u c c e s s fu l E x p e r i e n c e .
S e n d fo r P a m p h le t.

Hackett & Hoff,

B A L T IM O R E , M B .

2 W ALL STREET.
L ists o f In v e s tm e n t B on d s M ailed o n A p p lica tio n .

CHOICE INVESTMENTS

Street Railroad and
Mu nicipal Bonds.
P R IC E S TO SU IT T H E TIM E S.
C orrrespon den ce invited.

Lamprecht Bros. & Co.,
45 W A L L

S T ., N E W Y O R K .

CLEVELAND,

BO STO N .

MUNICIPAL SECURITIES
OF

P IT T S B U R G

AND

V IC IN IT Y

D E S M O IN E S , I O W A .
CAPITAL PA ID UP,

-

$150,000.

C h o ic e I n v e s tm e n ts in t h e m o s t C o n s e r v e
t l v e F i e l d In t h e W e s t

W. A. HOTCHKISS,

GEO. H. LEW IS

Secretary.

P resident,

G. R. Voss,

D e a l t In by

Commercial Paper,

Jas. Carothers,

B onds, S tocks and In vestm en t Securities.

DO F O U R T H A V E . , P I T T S B U R G . P A .
ZZZ,

TH E

Lewis Investment Co

IN

U E S T A B L IS H E D 18f6"J

E u g e n e R . C o le ,
S T A T IO N E R A N D P R I N T E R .
Supplies Banks, B ankers, 8 to ck B rokers an d Cot
pora tlon s w ith co m p le te ou tfits o f A c c o u n t B ooki
an d S tation ary.
N ew oon cern s organisin g w ill h a v e th e!
Tders p rom p tly e x e c u te d .

N o . 1 W IL L IA M S T R E E T .
HANOVHR 8QUARB.)

1893.

S

HEAL ESTATE AND INVESTMENTS,
9 6 M ic h ig a n S t,, M ilw a u k e e , W Is.
First M ortgages o n Im proved M ilw aukee Real
ffiatate, bearing six and seven per ce n t interes
always on han d. No ch arge to th e Investor fo r c o l­
lecting Interest o r look in g a fte r ta xe s and fire lnsur
**noe. A b s o lu te security.

Jos. C . Platt, C. E .,

508 F IR S T N A T IO N A L B A N K B U IL D IN G .

C O N S U L T I N G E N G I N E E R,

Omaha, Nebraska.

3 5 W a ll S tr e e t, N ew Y o rk ,
A nd W a te rfo rd , N, Y .
E x a m in a tio n s .
R e p o rts .
S u p e rv is io n .

Geo. M. Huston & Co
BONDAND

STOCK

DEALERS

W e bu y and sell o u trig h t all W estern
M unicipal B on ds an d Stocks. W e
c h e e rfu lly fu rn ish fu ll and reliable in ­
form ation con cern in g any W e ste rn se­
cu rity w ith o u t charge. M onthly q u o ­
tation circu lar m ailed to all applicants,
N ew Issues o f m unicipal bonds w anted.

80S P I N E

S T R E E T , S T . L O U IS , MO

White & Clark,
C O N S U L T IN G E N G I N E E R S .
S P E C IA L iT Y .—T h e I n v e s t i g a t i o n of t h e
p h y s i c a l c o n d itio n o f I n d u s t r i a l P r o p ­
e r tie s a n d V a lu a tio n o f th e sam e .
T IM E S B U IL D IN G ,

P IT T S B U R G .

S eptember 9, 1898,]

THE CHRONICLE.

437

tpa{
-P rin eiv
al
- I n t e r t s l .IN T E R E S T on b o nds is p a id by th e M erchants’ E x ch an g e N a tio n a l
LOANSHalt Payable.
When Due. Outsitand'g. B ank of N ew Y ork City.
NAME AND PURPOSE,
P
F u n d in g L o an s to F und—(Con.)
T O T A L D E B T , ETC.—T he subjoined sta te m e n t show s J e rs e y C ity's
F lo atinng
g d eb t.
t, 1879.........cJtr
1879.........o * r 6
F vV A Feb. 1, 1909 tl.3 5 3 ,0 0 0
M atu rin g bonds, 1 8 S O ...ejtr 6
J , t 1> J u n e 1, 1910 1430.000 to ta l m unicipal debt, th e reso u rces h eld by th e c ity a g a in s t th e sam e,
do
do 1892. -.oA r 3
J A- J J a n . 2, 1922 1200.000 also th e w a te r debt, on th e t o t of D ecem ber of each of th e la s t tw o
A * O A pr. 1. 1911 1150.000
Differences, Stss., 1881— * s r 5
J & J May 13. 1894 *350,000 years.
T a x a rre arag e s, 1 8 9 1 ............ r 5
1892
1891.
do
1 8 9 1 ............r 5
J & J M ay 15, 1895 ’275,000
$7,185,819
J * J Ja n . 1. 1897 *434,000 G eneral account d e b t........................................ $7,618,091
do
1 8 9 2 ............r 5
A ssessm ent account d e b t.................................
4,828,500
r 1-j J i J
D em and
5,086,000
" 210,000
do
1899
616,259
450,000
do
1999
r
A A O J a n . 1, 1699 *200,000 T em porary lo an s.................................................
48,500
124,500
do
1889...........r SH A A- O A pr. 1, 1999
*386,000 Im provem ent certificate s.................................
A
m
ount
due
S
ta
te
and
e
o
n
n
tv
........................
141,044
'268,000
do
1 8 8 9 ...........r 3
A A O
D em and
410,706
261,496
>1 & 8 Sept. 1, 1894
Im p ro v em en ts, 1974.........e a r 7
160,000 U nexpended ap p ro p riatio n s, 1889-92 ...........
98,164
53,899
*43,500 O ther acc o u n ts....................................................
do
1 9 7 4 .........e a r 7
M A S Sept. 1. 1894
J A- J Jure 3, 1909
do
1974............. r 7
60,000
T
otal
liab
ilitie
s
(excluding
w
a
te
r
d
e
b
t)..
$13,620,220
$13,602,758
M
A
N
M
ay
1,
1997
86,639
J o in t sew er, 1 8 9 2 ............. r f>
J A J J u n e 8. 1900 *125,000 Cash in City T re a s u ry ........................................
M organ 9tre*-l .look. 157tu -.tr 7
$-100,835
$502,043
.........
v ario u s
43,500 Cash an d bonds held in sinking fu n d s.......... 1,250,128
Im p ro v em en t c e rtific a te s ... var.
1,307,711
P ro p erty n u re b a a rd ...
301,202 T axes due a n d u n p a id ......... ............................ 3,381,713
with bond optional
3,309,290
School Bonds, including B ergen, etc , issues—
A ssessm ents due a n d u n p a id ...............
2,045,161
2.187,109
50.000 City p r o p e rty ....................................................... 1,420,500
Pub. schools (Bergen).ISK9. r 7
J & J Ju ly 1, 1898
1,426,500
do
tB erg en i,18 7 'i r 7
J A J J a n . 1, 1900
100.000 Due c ity for ad v ertisin g ta x sa le s..................
102,387
102,577
50.000 O ther Ite m s.........................................
do
(Hudson), 1670 r 7
J A J A pr. 2. 1900
312,318
207,923
S treets and Sewers A»...... m e a t B onds—
A A
O Oct. 1, 1893 *459,000
S treet* a n d sew ers. 1873.e*r 7
T otal reso u rces............................................. $8,919,042
$9,133,152
do
1873. r
M Sc N Nov. 1, 1893 * 11,500 W ater debt (sinking fu n d s n o t deducted)
do
$5,136,000
$5,136,000
J A
J J a n . 2, 1894 eSOO.OOO
do
1 8 7 4 oAr 7
do
S IN K IN G F U N D S—T he sin k in g funds, ull of w hich a re In v e ste d in
do
1873 r 7
MA
X May 1.
1604
g 1.500
do
1874car 7
do
do
J A
D J u n e 1. 1*04 *500,000 th e eity ’e bonds an d certificate*, on Dec. 1 ,1 8 9 2 , w ere a s fo llo w s:
1892c At 5
do
do
Cash.
Srrurities.
J A
J J an. 2, 1922 **548,000
Total.
W ater loan, 1 8 6 6 ..................... 7
J A
J J a n . 1. 1890 alOO.OOOi
sin k in g fundi
18,407 6
$1,201,720 73
$1,250,128 33
J A
J J a n . 1, 1002 *375.000 ! W ater si:liking f u n d s ..
do
1.870
8,724 90
160,477 98
169,202 88
do
1 8 7 2 ..................... 7
A A O Apr. 1. 1902 *600.000!
1 8 7 2 ....................... 7
do
M A
8 Sept.
1,1902 *500,000
T o ta l............................ $57,132 50
$1,362,198 71
$ 1 ,419,33121
do
1 8 7 4 ....................... 7
J A
J J a n . 1, 1904 *290,000
C IT Y P R O P E R T Y .—T he city ow n* Its w a te r w orks w hich a r e selfdo
1 9 7 0 ...................... 7
J A J Jim . 1. 1906 * 60,000 -usiainiiig.
do
1 6 7 0 ,..................... 7
M A N Nov.
1,1000 *61.000
A SSESSE D V A L U A TIO N ,—T he c ity ’s assessed v alu a tio n a n d ta x
do
1878.
M A 8 Melt. 36, 1904
*47.0001
d e h a v e ixsen as follow s:
1 973.
do
M A X .May 1. 1913 *500,000 rate
1905.
Heat
J A
J Jar,.. !,
1805 *179,000
do
Total
Tax Male
Msietie,
P tr m m d
do
J A
J .Inly 1, 1907 *235 ,0 0 0
Valuation, />«•$! ,000.
do
1979
F A A Feb. 1, 1909 *30,000 1 8 9 3 ..................... $78,174.530
$6,894,450
$85,008,980
$27-50
do
1879.
6,811,350
J A
J J u ly 1. 1909 *90.000 1892 ................... 77.644.800
84,456,180
28-40
do
0,083.950
F A
A Feb. 1. 1913 1*323,000 1 8 9 1 .................... 75,304,115
1883.
81,389,005
28-40
O A p r 1, 1910 *386,000 1890 ................... 73,059.269
do
1 9 9 1 ..
.r e f u n d in g 5A A
5,898,190
78,957,415
20-40
do
1891..
do
*
J A
It J u n e
1,1921350,000 1889 ................... 67,163,900
72,393,560
2800
5,227,660
.1 A
J .Cm 2, 1022 ' 2 4 --.O0O !s8 8 ................... 64,069,305
do
189 2 ..
.d..
5
4,971,420
69,040,725
29-80
ilo
1693..................... 5
J A J J a n . 3 1 ,1 9 2 3 *200,000 ) 8 « 6 .................... 61,894.739
4.985,200
66,879.939
29-40
1980 ................... 54.122,875
5,343,815
59,460,690
25*00
nSSfflt
y apeela
» Wholly in sin k in g fund.
t. T hese a re assessm en t bonds.
P O P U L A T IO N —In 1890 population w as 163,003; in 1880 i t w as
* p rin cip al and in te re st p aid b y a special ta x levy.
120,722; tu 1870 It w as 82,546.

CHICAGO.

CHICACO.

A. G. Becker,

The
6c Trust
EquitableT rustCompany
Company

Title Guarantee

BBtfflMWOR TO

HERMAN

SCHAFFNER

A CO,,

COMMERCIAL PAPER,

CHICAGO.

OF

CHICAGO,

184 DKAHBOKN 8T„ CHICAGO.

SSL 0 4 A- 9 6 W A K IU X OTOH K T R K K T .

100 W ash in g to n S tre e t, Chicago. 111, C a p ita l, p a id - u p ............................. S I , 6 0 0 ,0 0 0

Jam ieson A C o .,
S T OC I t s —-BO Si I>S,
Member* New York and Chisago Stock Exchange*.
1 87

D EA RBO RN MTKRET.
C h ic a g o , III* .
Private wire to New Tor* and Phltadei!
*. 0. SLAUGHTER, Member N. T. Stock
<Tlf. V, BAKER. Member Chicago Stoek Exchange

A, O. Slaughter & Co,,
B A N K K K .8,
1 1 1 - 1 1 3 LA M A LLE S T R E E T ,

C H IC A G O , IL L S .
C’ffil-ee —•• S e e n will*.* R A « |H f *»**«• **«M.

Loeb 6c Gatzert,
nORTGACE BANKERS
134 LA 8 A IL K

t T H K E T , C H I C A CIO.

P r l M l r e l * * 4 I n t e r e s t p a y a b le In ( l a i d .
cobssspo n d em ce

so u e rm

SECURE BANK. VAULTS.

QENUINE
WELDKJ1 CHROME ST EE L A> B II ON
"
*na A“* '~
C»»n<* &# 8»wed,.C«, at Drilled. and positively
fH B O M E

STBBL W O B K S,

$0<eM auTereln theU .S ,

B R O O K L Y N , X. Y,

U n d iv id ed e a r n in g s , In cluding
• a r p l n e .............................................
U ep aa lted w ith b u t t A e d ito r . .

J.7 9 ,0 0 0
2 0 0 ,0 0 0

GUARANTEES TITLES TO REAL ESTATE.
MAKES ABSTRACTS OF T IT L E
( U r n In r a s t e r s In r e a l e s t a t e even rl t i e ,
• r e t e e t l H nfifnrdcd by n e e t h e r i r a t m e<
doing h a e ln e e s.
Is authorised by law to act u Registrar of Stock,
end Bondi. Ktoeutor. Kecelrer and Tnuiiee for
Estates, Byndlsatee, Individuals and Corporation*.
Tra«t money* and tra it securities kept separata
from th« w w n of th e Company.
C O R K E R FOE P ENCE H O I.IC IT K D .

CAPITAL, PAID UP,

- $500,000

S U R P L U S ,-----------

50,000

AUTHORIZED BY LAW TO RECEIVE and «g.
scute Erasts of every character from court*, corpora­
tion* and individuals, Takee entire charge of estates,
real and personal, Act* as agent for the registra­
tion and transfer of bonds and stock* and th e caymem of coupons, interact and dividends. A legal
depository for court and tru st fends.
INTEREST ALLOWED ON DEPOSIT 8 of money
which may Be mads at any time and withdrawn after
eve days' notice, or at a fixed date.
TRUST FUNDS AND TRUST INVESTMENTS
are kept separate and apart from the asset* of the

o m rg R ft
DIRECTORS i
GWTSK GARNETT, President
AZBL F. HATCH,
CHAS. II. HULBURD,
A. H SELLER*. Vise-President. M. W. EERWIN.
GEO. N. CULVER.
ARCHIBALD A. STEW ART, Secretary.
HARRT RUBENS.
MAUBICBE08KNFELD,
CHAR IL LAURA HER Trwaettrar. J , R. WALSH.
SAMUEL D. WA RD,
FRANK B, SELLERS, Trust Officer.
OTTO YOUNG.
liIKKiTOBBt
gwynn Garnett,
Chaa. W. Drew,
OFFICERS:
J. R, WALSH. President.
CH AR H . HULBURD. Vice-President.

Samuel B. Chess.
COUNSEL:

M ANAGER WANTED.

SAMUEL D. WARD, Treasurer.
LYMAN A. WALTON. Secretary

Illinois Trust 6c Savings
Bank,

We wish to c o n tra c t w ith a good, liv e m an te
C H IC A G O , IL L ,
rep re se n t u* In each larg e tow n and city in th e C A P I T A L AND S U R P L U S , - * 3 ,5 0 0 ,0 0 0
U nited State*. To such wo can oiler a perm ­
IN TEREST ALLOWED ON DEPOSITS.
an e n t, paying and leg itim ate business.
O ur C om pany Sh In th e lino of B uilding Loan
A ssociations, w ith th e item feature* an d w it!
o u t th e risk s and expenses of such. W e feel
confident th a t we can afford th e b est and sa fest CORPORATIONS. OF FI 0BR8J
John J. Mitchell, Presides
in v estm en ts in th is line ev e r offered. W rite
aw l see,

Chicago Co-operative
Construction Co.
R o o m * 0 1 6 -6 1 8 K lh ito B u ild in g ,
C H I C A G O . IL L

DIRECTORS
_____ hell*
. Hibbard,

John J. Mltche
J. C. MoMullin,

viii

THE

CHRONICLE

rv o L . l v h .

©orapautes.
Company United States Trust Co. I

Union Trust
OF NEW

45 and 47 Wall Street.

YORK,

80 Broadway, New York.
C A P I T A X ................................ * 1 , 0 0 0 , 0 0 0
8 E R P E F S - ...................... $ 4 ,2 7 4 ,7 7 1 3 1
A uthorized to a c t as Executor, A dm inistrator,
G uardian, Receiver or T rustee, and is
A LEGAL DEPOSITORY FOR MONEY.
A cts as T ru stee o f m ortgages o f corporations, and
accepts th e tra n sfe r agency and registry of stocks.
Allows in te re st on deposits, which may be m ade a t
any tim e, and w ithdraw n on live days’ notice, w ith
In te re st fo r th e whole tim e th e y rem ain w ith th e
company.
For th e convenience o f depositors th is company
also opens cu rre n t accounts subject, in accordance
w ith its rules, to check a t sight, and allows in terest
upon th e resulting daily balances. Such checks pass
throu g h th e Clearing H ouse.
____
_
A tten d s specially to th e MANAGEMENT OF
R EA L ESTA TE and to th e collection and re m it­
tance o f rents.
I t m akes ample provision in its
NEW BURGLAR AND F IR E PROOF VAULTS
fo r th e safe keeping o f securities placed in its cus­
tody, on which it collects and rem its income.
TRUSTEES.
W m. W hitew rlgbt,
H . V an R ennsl’r Kennedy,
H en ry A. K ent,
Jam es H . Ogilvie,
R. T. Wilson,
Jam es T. Wood ward,
W m. F. Russell,
George A. Jarvis,
C. D. W ood.
C. V anderbilt,
Jam es N. Platt,
G. G. W illiams,
D. C. Hays,
R. G. Remsen,
W m. Alex. Duer,
Edw ard Schell,
C harles H . L eland,
A m ass J. P arker.
Edw ard King,
Samuel F. Barger,
E. B. W esley,
Geo. C. Magoun,
D. H . McAlpin,
W . Em len Roosevelt,
George B. C arhart,
Chauncy M. Depew.
EXECUTIVE COMMITTEE.
W m. W hitew right,
G. G. W illiams
Edw ard Schell,
E. B. Wesley,
Geo. C. Magoun,
D. Wood.
D. C. Hays,
Jam es T. W oodward.
EDW ARD KING, P resident.
; V ice-Presidents.
AUGUSTUS W. KELLEY, Secretary.
J . V. B. TH A Y ER. A ssistan t Secretary.

Manhattan Trust Co.
C A P IT A L ,

.

.

.

.

$ 1 ,0 0 0 ,0 0 0

Corner of W all and Nassau Streets.
A Legal D epository fo r C ourt an d T ru st F u n d s and
G eneral Deposits.
L ib e r a l R a t e s o f In te r e st P a id on B a la n ce s.
O FFICER S:
J . I. W ATERBURY, P resid en t.
JOH N KEAN, J r ., V ice-President.
AMOS T. FRENCH, Second V ice-President,
EXECU TIV E COM M ITTEE:
A ugust Belm ont,
H . L. H igginson,
H . W . Cannon,
Jam es O. Sheldon,
R. J . Cross,
J o h n K ean, Jr.,
J o h n R. Ford,
J o h n I. W aterbury.

C A P IT A L

AND

SU RPLU S,

TEN MILLION DOLLARS.
This company la a legal depository for m oneys
paid into court, and is authorized to a c t as guardian,
tru ste e o r executor.
IN T ER E8T ALLOWED ON DEPOSITS
whioh may be m ade a t any tim e and w ithdraw n a fte r
five days’ notice, and will be entitled to in te re st for
th e whole tim e they may rem ain w ith th e company.
Executors, A dm inistrators or Trustees of E states,
Religious and B enevolent In stitutions and indi­
viduals will find this Company a convenient de­
pository for money.
JOH N A. STEW ART, President.
GEORGE BLISS, V ice-President.
JAM ES 8. CLARK 8econd V ioe-Pres’t.
HEN RY L. THORNELL, Secretary.
LOUIS G. HAMPTON, A ssistant Secretary.
D aniel D. Lord,
Samuel Sloan,
Jam es Low
W m. W . Phelps,
D. W illis Jam es,
Jo h n A. StewaH,
Erasing Corning,
Jno. H . R hoades.

TRU STEES:

A nson P. Stokes,
George Bliss,
Wm. Llbhey
Jo h n C. Brown,
Edward Cooper,
W. B ’y’d Cutting,
Chas. 8. Smith,
W m.Rockefeller,

Alex. E. Orr,
W m.H. Macy, Jr.,
Wm. D. 81oane,
G. H . 8chwab,
F rank Lym an,
Geo. F. V ietor,
W. W ald. Astor,
Jam es Stillm an.

New York Guaranty &
Indemnity Co.,
59 C E D A R S T R E E T ) N E W Y O R K ,
M u t u a l L ife B u ild n g .

C A P IT A L ,,
SURPLUS,

£ 2 ,0 0 0 ,0 0 0
S I ,0 0 0 ,0 0 0
In addition to its special ch arte r privileges, this
Company possesses all th e powers of T ru st Companies
un d er th e New York Banking Laws; acts as Trustee
fo r Corporations, firms and individuals, as E xecutor
o r A dm inistrator of estates, and is a legal depository
o f tr u s t funds.
IN TER EST ALLOW ED ON D E P 08IT 8,
E D W IN P A C K A R D . P resid en t.
A D R I A N ISE LIN * Jr.* V ice-P resid en t.
GEO. R . T U R N B U L L , 3 d V ic e -P re sid e n t.
H E N R Y A . M U R R A Y , T r e a s . an d Sec.
J . N ELSON B O R L A N D , A ssist. S ecreta ry *
DIRECTORS.
Samuel D. Babcock,
A ugustus D. Juilliard
Frederic Cromwell,
Tames N. J a r vie,
G eorge F. B aker,
R ichard A. McCurdy,
W alter R. G illette,
A lexander E. Orr,
R o b ert G oelet,
Edwin Packard,
George Griswold H aven, H enry H . Rogers,
Oliver H arrim an,
H enry W . Smith,
R. Somers H ayes,
H . McK. Twombly,
Charles R. H enderson,
Frederick W. V anderbilt,
A drian lselin, Jr.,
William C. W hitney,
J . Hood W right.
EXECUTIVE COMMITTEE.
Samuei D. Babcock
R ichard A. McCurdy,
Freaerio Cromwell,
Edwin Packard,
George Griswold H aven, H . McK. Twombly,
A ugustus D. Juilliard,
H enry H . Rogers,
A drian lselin, J r.

Mississippi Valley Trust
United States JPorfpc^dJo.,
Company,
5 9 C E D A R S T .. N E W Y O R K .
303 N. 4tli Street, St. Louis, Mo.
C a p ita l...... ....................................... $ 1 ,5 0 0 ,0 0 0
UND ER STA TE SUPERVISION.
$ 2 0 0 ,0 0 0 d e p o s ite d w it h S ta te O fficer to
p ro te c t tru st lia b ilit ie s .
A GENERAL TRU ST COMPANY BUSINESS.
Allows In te re s t on Deposits.
A uthorized to a c t as E xecutor, G uardian, Receiver,
T rustee, &c. M anages Ksrates. Collects Rents.
Becomes Surety on a ll kinds o f C ourt Bonds.
H as Safety D eposit V aults; a Savings D epartm ent.
INVESTM ENT SECURITIES A SPECIALTY.
DIRECTORS.
Charles Clark,
L. G. McNair, Chas. H . Bailey,
Thos. T. Turner, J o h n D. Perry, Thos. K. T u tt,
W m. F. Nolker,
Jo h n Scullin,
Geo. H . Goddard,
T. O’Reilly. M. D., J.T .D rum m ond, Jam es Campbell,
Sam’l M .K ennard, S. E. Hoffman, A ugust Gehner,
Aug. B. Ewing,
D. W. C aruth, Ju liu s S. W alsh,
8. K. F rancis,
B. F . H obart, W illiam son Bacon,
OFFICERS.
J u l iu s 8. W a l s h , President.
JOHN D. P e r r y , 1st V ice-President.
J o h n Sc u l l in , 2d V ice-President.
B r e c k in r id g e J ones . Secretary.

St. Louis Trust Co.,
C O R N E R 4th A N D JLOCUST S T R E E T S ,

S t. L o u is , HIo,
C a p ita l an d S u rp lu s,
.
8 3 * 0 0 0 ,0 0 0
D IR E C T O R S t
J o h n T. D avis,
Alvah M ansur,
Daniel C atlin,
E dw ard 8. Rowse,
Bam’l W . Fordyoe,
Jn o . A. Scudder,
A dolphus Busch,
Edw ard C. 8immons,
H en ry C. H aarstick ,
Edwin O. Stanard,
W m. L. H use,
J . C. Van Blarcom,
Chas. D. M cLure,
Edw ards W hitaker.
T H 0 8 . H . W E8T, President.
JO H N D .,FIL LE Y , Secretary.
A. C, STEW ART, Counsel.
Executes T ru sts o f every description, "1 Aota as
P H riftrar, T ran sfe r A gent, p tft
%

C A P IT A L , .
SCRPLCS, .

.
.

.
.

.
.

$ 2 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0

CH ARTERED 1871.
W e offer to investors, a t par and interest, u n til fu r­
th e r notice, our

50/0 FIRST MORTGAGE
TRUST GOLD BONDS.
in denom inations of $1,000, $500 and $100. T hese
bonds are th e direct obiigations of th e Company
additionally secured by first m ortgages on Im ­
proved Real E sta te deposited w ith th e New York
G uaranty & Indem nity Company of New York,
as T rustee. Bonds are dated A ugust 1st, 1893.
ayable in 20 years, and redeem able a t option or
ompany a fte r 5 years.
C H A R L E S R . H E N D E R S O N ......P re s id e n t
L U T H E R K O U N T Z E .......... V ic e -P r e s id e n t
G E O R G E W .Y O U N G . J d V , P r e s ’ t d c T r e a s .
A R T H U R T U R N B U L L ...A s s is ta n t T r e a s .
W I L L I A M P . E L L I O T T ...............S e c r e t a r y
DIRECTORS:
Samuel D. Babcock,
W illiam Babcock,S.Frisco. L u th er Kountze,
William E. Bailey, Seattle. C harlton T. Lewis,
Charles D. Dickey, J r.
Lewis May,
W illiam P . Dixon,
Theodore Morford,
R obert A. G ranuiss,
Richard A. McCurdy,
Theodore A. H avem eyer, R obert O lyphant,
Charles R. H enderson, Edwin Packard,
Jam es J . H ill, 8t. Paul,
W illiam W. Richards,
G ardiner G. H ubbard,
Jam es W. Seymour, Jr.,
Gustav E. Kissel,
Jam es Tlmpson.
T h is C om p an y T ra n s a cts a G e n e ra l T ru s t
B u sin ess.

g

C. W . Branch & Co.,
BANKERS AND BROKERS,
St a t e Ba n k B u il d in g ,
R I C H M O N D *
VA.
P riv ate w ires connecting w ith W ashington, B alti­
more, Philadelphia, New York, Boston and Chicago.
New York C orrespondents;
Mpore <$Hg&Jey
PrtflO* & Whltflly

OLD C O L O N Y

TRUST

COMPANY.

BO STO N ,

M A SS.

C a p ita l,
$ 1 ,0 0 0 ,0 0 0 0 0
S u r p lu s ,
5 0 0 ,0 0 0 0 0
T r a n s a c t s a G e n e r a l B a n k i n g B u sin ess.
ALLOWS IN TER EST ON D A IL Y BALANCES SUBJECT
TO CHECK.
TRUSTEE U N D ER MORTGAGES. TR ANSFER AGENT
REGISTRA R.

BOARD OF DIRECTORS.
T. Jefferson Coolidge, Jr., President.
F rederick L. Ames,
J o h n F. A nderson,
Jo h n L. Bremer,
M artin Brimmer,
T. Jefferson Coolidge,
George F. Fabyan,
George P. G ardner,
Francis L. Higginson,
H enrv S. Howe.
W alter Hunnewell,
W illiam P. Mason,
George v. L. Meyer,
Laurence Minot,
Richard Olney,
H enry K. Reed,
Lucius M. Sargent,
N athaniel Thayer,
Jo h n I. W aterbury,
Stephen M. Weld,
H enry C. W eston.
T. J efferson Coolidge, J r., President.

Geo. P. Gardner, Gordon Abbot,

vice-Pres'ts.

C. S. T uckerman, Vice-Pres. and Treas.
E. A. P hlppen, Secretary and Ass't Treas.
JO S E P H G. 8TEA RN S, Ass't Secretary

A M E R IC A N L O A N
AND

TRUST

COM PANY,

B O S T O N , M A SS.
C A P I T A L ,,
$ 1 ,0 0 0 ,0 0 0
SU RPLU S,
5 0 0 ,0 0 0
A legal depository of m oneys paid in to C ourt
and for A dm inistrators, Executors, G uardians and
Trustees.
IN TER EST ALLOW ED ON DEPOSITS.
T rustees under Mortgages, T ran sfer A gents and
R egistrars of Stock.
BOARD OF DIRECTORS.
Jo h n Q. Adams,
David P. Kimball.
Frederick L. Ames,
George C. Lord,
Oliver Ames,
W illiam M inot, Jr.Edwin F. A tkins,
8. E. Peabody,
Isaac T. Burr,
A lb ert A. Pope,
Benjam in P. Cheney,
A lexander H . Rice,
C. E. Cotting,
N. W . Rioe,
F . Gordon D exter,
R. E . Robbins,"
H enry D. H yde,
W . B. Thomas.]
8. ENDICOTT PEABODY, President.
N. W ORDAN, A ctuary.
E. A. COFFIN, T reasurer.

New York Security &
Trust Co.,
46 W A L L ST R E E T , N EW Y O R K .
C a p ita l. $ 1 * 0 0 0 ,6 0 0 |S u rp lu s, - $ 5 0 0 ,0 0 0
U n d ivided P rofits, 8 5 3 S .7 7 6 .
CHARLES S. FA IRCH ILD , P resident.
WM. H . A PPLETO N, 1st V ice-Pres.
WM. L. STRONG, 2d Vioe-Pres.
JO H N L. LAMSON, Secretary.
ZE L A H VAN LOAN, A sst. Secretary.
A uthorized to act as executor, tru ste e , adm inistra­
tor, guardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
in terest. A legal depositary fo r court and tru s t funds
A designated depositary fo r th e reserve of State
hanks. A ccounts of banks and bankers solicited;
special rates of in te re st allowed.
TRUSTEES.
C. S. Fairchild,
C. C. Baldwin,
J.G. McCullough
W . H . Appleton, M. C. D. Borden, Wm. H . Beers,
W m. L. Strong, B. Aymar Sands, H . H oagland,
W . F. Buckley, Jam es J . H ill,
Jo h n King,
8. G. Nelson,
E. N. Gibbs,
J . W. Sterling,
W m. A. Booth, F. R. Coudert,
H .W alter Webb
E dw ard Uhl,
Jam es Stillm an, Jo h n A . McCall
Jam es A. Blair.

Knickerbocker Trust
Company,
3 3 4 F I F T H A Y E ., C O R . 2 7 T H S T R E E T .
B ranch office, 18 W all St. and 3 N assau St.
C A P I T A L A N D S U R P L U S , - $ 1 ,0 0 0 ,0 0 0
DESIGNATED LEG A L DEPOSITORY.
Acts as Executor o r A dm inistrator of E states and
as G uardian, Receiver, R egistrar, T ransfer and
Financial A gent fo r States, Cities, Towns, Railroads
and o th e r corporations.
JOH N P. TOWNSEND, P resident.
C H ARLE8 T. BARNEY, V ice-President.
JO S E PH T. BROWN, 2d V ice-President
D IR E C T O R S :
Joseph S. A uerbach,
Jo h n S. Tilney,
H arry B. Hollins,
E. V. Loew,
Jacob Hays.
H enry F. Dimock,
C harles T. Barney,
Jo h n P. Townsend,
A. Foster Higgins,
Charles F. W atson,
R obert G. Remsen,
David H . King, J r .
H enry W. T. Mai ,
Frederick G. Bourn
A ndrew H. Sands,
R obert Maclay,
Jam es H. B reslin
r . Law rence Perkins
Gen. George J . M <.ee,
Edw ard Wood,
I. Townsend B ur len,
W m. H . Beadleston,
A lfred L. W hite,
Chas. R. Flint.
FRJJIVK L. ELD RIDGE, Secretary.
TOWNSEND A A ^ iS f x ^ e tg ^