ANDW xmmHUNT'S MEllCHAl^fTS' MAGAZINE,

RKPaffidK.VTIMQ THB [NDU3TRIAL AND COMMERCIAL INTBIIK3T8 OF THE UNITED STATES.Sat«n<l aooordlDR to Act of Goatrreaa, In the y«ar 1892, by WM. B. Dana * Oo., In the odJoe of the LibrarUn of Ooogreu, WaahltiRtoii, D. O.

VOL. 55. SATURDAY. SEPTEMBER 3, 1892. NO. 1,419

^he Chrauick.t<liilpnirnt NnilenMl BaDka under call Jair 1''! on paste 3BU.

"

CT.RAKINn HO USE RETURNS.The total for the whole country shows an increase contrasted

with the aimilar period of 1801 of 8-6 per cent.

f For the month of August the increase over a year ago

Ireaches 8'4 per cent in tlio while country anil \'i i percentoutside of New York. The as:^ri3j<ito siuoe Jiaaary I exhibits

again over 1831 of 13*0 per cent.

WMk 9nAin^ August S7.

189S.

6tS.6«7.SM

(1.1119.999(606.TW

Hew Tor*

(Stockt .thara.)tCottOn iKljM.)

(Oraia bmhtU.) (12,471.430(Pelroltum I)W».' (94,00"

BostonProTldenc*....HertfordMew U«Ten...BprtDi2t]e.d ....

WorcesterPortlandLowellNew Bedford..

Total Mew Bngland..

PhlladelplilaPltubuntgaltlmoreaffalo

Washlnxton. .........BocbeeterBrracnseWllmmiitODBinjih&iiituu

Total Middle..

CbtcacoCtnelimatlMilwaukeeDetroitCleTelaudColDoibasIndlAoapultsPeonsQraud RapldtIjexlDKion

Total Middle Western

San FranciscoPortlandSalt Lake CUTSeattleTaconiaLos AnifelesGreat FallsUelena*

Total PaclOc.

Kansas CItrMlnneapollgfikPaalOmahaDenverDulatfcSt. JosephSlonxCltr '

Dws MoinesWlchiuLincolnTopeka

Total Other Western.

Bt. LonlsNew Orleans..LoalsTlileUenipbisKtcbmoud.....Galvtijttou....U..(i.-*[on

Nu.slKille^u^lulkDallasFori Worth...BlrmlnKbam..WacoChattanoofta..SaTauuah*Atlanta

Total Sonthem....

Total all

Outside Mew York..

Montreal ....

TorontoUsiuaxUsmiltou*..

ToUl Canada..

86,927,771

es.l58,9SS13,36«.S2112.1:8.303«.922.e75l.5«5.U9S1.132.642863,123834.632199,900

102,212,727

92,101,80611,300,1608,70s.715a,8oe.4186.107,4488.020,0001,304.366l,4t!7.l)UO

l.OllJiOl410,130

12».«»4,lt!8

14.479.90')1.59«,6481.030,3401.136,481788.910401,097212.030

1,27»,0;2

20,320,316

9,163,012t>,733,H274,499,a016,416,i!286,574,5711,400,0001,424.«06791,046802,716481.714469,4 1

3

620,231

189L

619,411,908

(I. 510.310(OOS.OOO

(4.1.222,100(128.00ll>

75.71*7,733S,913,(W0l.-lllct.SlS

1.101,33199.'>.816

l,012.7Wl1,013.820737,573305,213

8«,331,0S1

65,658,060H,2«l.42213,2' 7,«75O.Ui>.S(W1,U3.1IMl.0iO,0«;tf70.439689.000206,300

90,13(1,659

80.657,25310,811.8006.691,1)926,2/4,2;i34,407,1182,905,7t1,639,7661,5'.'2.330

74»,079330,741

+11

(-5 0)-16 7)-711)—26-61

-111+68+7-9+8-8

+11-8-0 03+7-8—317-t-151

-0 5

+17-3+18-7-7-8-HI

+36-9+78+27-3+«l'l-31

+130

+142+4-5lis+8-6+22 4+1-1—20-6-3-6+35+33-2

115,918,111 +118

18,442.1831,? i6,392l,eU7,125l730,665'»15,]21l

685.523278.000

24,301,999

8,019,507

1

6,368.1114,219,184'3.604,7673,931.1151.88j,S1S1,331,477667,1026^6,428428,007428,314470,829

37.686,425 32,829,08J

21,514.8828.a75.0jle.264.Ui81,177,0602,023.981l,67»,65i1.613.6111,401.078

7.i3,002d46.2«>4S66.8V2417,06:1422.188383,000

1,065.9.24M2,0i5

44,120.718

_975,8i0,»70

420,082,122

2i).85;>,179

1,898,8046,108,531788,630

1,791,2662,2;«,«381,98. ',533

1,423,863766.66a616.906319,220442,009IM/iM3J3,000

41,988,256

941,253,935

39l.6ii,o.il

11.000,000 IC.018.911t,«0l>,227 6.197,3831,026,252 1,021,019623,696

-I-

-21-6-89+11+661-9-0—Sll-—12 9

-181

+1-8

J5-96-90-2

+11 -8—26-7+7-0+39-5+5^5+12'5+7 3+10-6

+111

+3-2+15 8+21-0+49-3+13—30-7—23*-I'i-1-8+26 1+b8-l—58—1-5

+28 4

Wtek Bnit't Aw.

1892.

6<ll,285,03<'

(1,088,1961(.537.100)

(2],191.8.!0>(810,000)

83,741,4086.030,1001.780.1)01

1,052,2051,233,8701.1«1,8151,272.374850.789481.366

97,011,827

83.129,43814,025.668U,19i,56^7,173.1201,717,73^1.208,95:1822,01(1906,090221,8u0

103,729,207

06,165.35111,971,5008.295,..687.117.0336.78 '•,143

8,1.S5,0.X)

1,280,0761,878,500036,290419.010

137,173.171

18.199,9852.:«)1,8;71,772,8681.105.11)8*J.7o76:I1.9J1252,175835,588

26.1t7,6!)6

P. Cm.'.

-87

( 2S-31(+5691(—710)(+81-0)

+3+5 5

+.1954-.183+12 3+ 5 3

—11-9+:V8+101

TTo

+5 1+U-I)—102-0 1+350m+20+19-3

+10

+10 1+10-2+38

+iu:!+i-.;i+29 8-391+8-1-187+351

+«+1-3+233+37 5+637-14 7+11

-3.13

+8-0

17.636,1791 ie.&4i>.3l3

+»^+ru+02

+86

+ 6'7 46,968,11,

+3-8 1,011 .343.14'

"+ri 16u,2o»,lo6

11.684,278l,t^9.3L7l,2^2,89t^083.772

17,856.49.

New Tork 2.634,122,451 2,103,198,052 f 6-1 21,022,031,230 20,937,388,222 +U-7

BostonProTldenoe....flartfordSew Haven...^orlngHeld ....

ZoroasterPortland[joireil

Vew Bedford.

Total N.KnK 131,117,152 107,802,197 +6-6 3.726,802,535 3.527,130,799 +i-«

Pblladelphla..PittsburgBaltimoreBallaloWashington..Rochester —SrricuaeWilmltlKtOQ ..

Binghatnton..

UblcaiioCincinnatiMilwaukee...DetroitCleveland(3olumbU8. ...

lodlanapoll8»Peorialiraad Rapids.LjexluKtou .

.

jMn F'ranoisco.Portland8alt I.ake Clt;SeattleTacomauot Angeles

|

Auifust.

1892.

877,876.83321.851.7007,733.1018.293,9926,109 31.'

5.0(3.7035,597.2982.905.8301,911,280

283.511.90662.985,74980.821.00332,720.2308.140.9938,348.8743.835.4878.850.22.=

1.031.100

428.891.00066,2.52,70028.669,23234,701.00925,-247.20113,850.0005.613,8147.867,3004.328,1762,1:31,170

357.002.11519.883,1008,76(1,9796.469.1384.615.8714,599.4.196.270.1172.998,7811,898,817,

P.Ct

• 5-8

+ 12-7+14-3+ 151+17-2+9-1+6-2-31+12-8

310.784,81260.628.61083,378.634132,298.655!8.289.5836.011.813:3.801.9173,296.6178J5,500

rotal Middle 482.'285,352 407,415,776 +13-6 3,976,967,090 8,1V».711,774 +14-*

381.883,67'48.099.3o020,515,58429,901,45421.178,34:111.846.:1007,882.1157,014,7293,7-3«,09l1,690,231

Tot.M.West. 807,081.133 519,718,837 +18 8 l.BD7,391.97S 4,074,259.983 +16-S

iaosas Cltr-^ioneapoUs...jt. Paul...OmahaDenverUoluthii, Josepb ..-

Sioux City ..

l>es Moines. .

WichitaLincolnI'opeka

Tot Oth'r W. 175,190,681 143,551,181 +220 l,3i5,531,9J8 1,139,113,732 +18-»

at. LonlsNew Orleans..Louisville^....MemphisRlohmond ....

liaivestonUoustoaNashvilleDallastJorfolkFort Worth...Birmingham..WacoChattanooga..

Total South.

CoialaU

gatslde N. Y.

78.777,1927,739.3556.919,9173,114.4084.O'36.70d3,278,016

105,289,13027.733,66431.215,0.118,729,0159,983,2097,383.8336.772.1506.8Stf,29J3,-382,-282

3.0716942.914.3931,896,7011,817,8011,880,000

217,43;.301

4,632,396,189

1,998,273,718

+18-5+1691-8 1

+160-(-19 21-15-2—39-5+9-3+16-2+20-1

-6-8fH-8+78(-82-0-3-211-7

Eight Xontlu.

1891.

3.018.178.777177.7)2,81071.313.87946.817.8S211,183,09139.90 -.,878

40.939.81125.898.08016,583,817

3,273.148.786185.113.-300234.1159.5502^9.335,403199.918.790118.793,70963,1.8,0746t.;»l.93733.1)7 2)1)

15,772.19)

2.135.839,182117,333,021473.868,517213,191.36369,l89.78i49.663.33329.683,7812a.00>.8588,058.-200

+17-14-18-0+8-S+8'«

+14-»+4+ 7-»

+ 8-4

+98

62;.787,35169.591,33102,360.98338.163,98029,841.37121.860,389

Total Paoin. 101,883,129 103,333,685 -20i 711,589,803 783,589.726 -ft+21-3+2)1-15-9+16-7+28-8-3U-1+-35-3+;8'7f-2;-8rl8-»+14-8+19-3

2.811.«94.8,J7132.390.509189.764,233233.803,589167.273.34810l..92,30968.fll3,18153.797,l;l•23.191.50711,711,109

677.173,62661.093.78961,330.00833,720,18131,471.68)24.483,-339

317,a(B.S79230.;)9a,227170.337.381ia9.13'3,1011 71,303, :139,

80.llJ.59l'59,935,913:)5.799.33l3.j,!»l,8a)18.39.",6J821.673,31913,4 43.'935

797,181,109307,539.527251.109,74589.68 1,31985,833.10563,335,17555.518.36363,618„J78:)-3,S39,83182.194,8-1819.439,72318.189,45818,831,10315,483,000

+11-5 1,854,624,932 1,895.079,341

P.Ct.

-9-8+18-9t-u-s+7-2-6-8+ l-»

-^'4 40.378.63.1,311 36,716,332,559

+i-2-i'ia.s6a.oo3,oei 11.8j3.50j.33

+2-7

rlO-t

Our compilaiion of aales, dtc., for eight moathaig a» follows!

Osser<pt4ofi.

Bioht UonClu, 1892.

Par VoliMor Quantity

o,_.,k I dh'sl 57.733.977Block < y^, «;lio„.ja877RR. bonds.. »37i,7;i,950(tev't bonds 1(1.130,950State bonds. (2,52J,760Banksiooks |70l,i90

Total.Pet'l'm.bblsCotton. bis.

ttraln.baah

Total valn-

|M9'332131711.501,00021,510.20'

1241,374,56;.

ActualValue.

13202203191235.981.952«1,313.934 1101(1.591,9311 631«1, 110,323 153-3

«3i493-203044 a3'6

»8..109.oa6 57 1 3a.1779,633,153*13-2111,033711116 3)>40.

Sijht Stont't. 18>1.

Aoer^ae Par Value 1

Price.,or QiiiiitUv

Actual AvW.tValue. Prit*,

«<..« 1 ' 38,933,311**<»

i «3,796.92311673-8 «'208,873.10J

11.165.109il,973.200(1,39-2,216

ToosiaTiojo2<l,lli.OOO

l,S72,67i),a95

•6.3138316791

Not Included la totals.

(«i72;5»w)a ttTTi

•158,677,620 70-Stl,331,s95 116-}$1,239,816 «3S(i,»j9,6i9 ur*

tZ83587l42) 58-3

1111.047,68) 89'iaIM5.291.016 113 9»(1.647<M712|j8.'.«0.

M.»«><VMaMl

Fer table ef clearlage by telegraph see fisge 3.i9.

(350 THE CHRONICLE. [Vol. LV.

THE

STATE AriJ) CITY 1itf^^Wt}ir.See pages 382, 383, 384, 385, 386 and 387 for our

State and City Dripirtinent.

All advertisements with relation to State and City Bonds

will likewise be found on the same and following pages.

TirU FINANCIAL SITUATION.

The condition whicli has been most conspicuous in

its influence upon the markets this week has been the

progress of the cholera epidemic. That scourge seems

novf to have appeared almost everywhere in Europe, and

at many points on the Continent its course is

attended with peculiar malignancy. The arrival

at New York on Tuesday night of the Moravia

from Hamburg with the plague on board, and

twenty-two deaths reported as having occurred on

the passage, brought this condition even more forcibly

to public notice here. But the disturbed feeling

du9 to that special cause was quickly quieted by

the iasu* on Thursday afternoon of a quarantine cir-

cular by the Government (which we give in a subse-

quent column) ordering in substance that no

Tessel from any foreign port carrying immigrants

shall be allowed to enter at any port in

the United States until the vessel has undergone

quarantine detention for twenty days, or longer if pub-

lic interests require a longer detention. That is no

doubt a severe measure, and yet nothing less vigorous

would appear to meet the occasion. Our people too

feel a good degree of satisfaction with this order, not

only bucause it seems to be needful as a measure of

defense against the cholera scourge, but because it puts

a stop for the time being to that almost greater scourge,

the weekly landing on our shores of a multitude of

people drawn from the very lowest classes of Europe.

Of course it also shuts out some that we would be glad

to admit.

This epidemic is also working no little harmby restricting our export business, and through

that is disturbing financial affairs. We cannot

think that phase of it will be of long continuance,

and yet it must last while the distribution of

goods in Europe is fettered by quarantines and while

business transactions are everywhere made diificult

and deferred through non-intercourse between parts of

even the same country by reason of the existence of

the contagion in a virulent form in some of the leading

continental cities. This situation is obviously de-

pressing cotton and breadstufEs, and if these ar-

ticles are rushed to market now as they

usually are at this period of the year, the effect onprices may be quite seriou?. The delay in the ship-

ments of produce is likewise the immediate cause prob-ably of the renewal of gold exports. The remotercause is of course our silver currency issues, mademore disturbing by the very small gold balance theSecretary of the Treasury ha? thought it wise to carry.

"We are glad to see that with the first of September thegold holdings of the Government are increased some-what. The report for that date shows $114,156,?17net against 1110,444,393 on the first of August. OurTreasury should however have 300 millions now to•asure a feeling in Europe of stability here.

Money has continued to exhibit a hardening tendency. This has been due chiefly to the further loss ol

reserve and to the rumors of more gold exports auofinally to the withdrawal yesterday of 13,600,000for shipment] ;to-day; [to Europe. The spe'cial

flurry in call money was also aided by the decline

in stocks which led to a calling in of loans and

some discrimination against those properties which

yielded most readily to bearish demonstrations.

This special activity was on Thursday, the market

before that not having advanced above 3| per

cent. On that day loans were made at 6 per

cent and there was a good demand for money at

5^ per cent at the close of the day. The lowest

rate for the week was 3 per cent and the average

until Thursday was probably a little in excess of

3^ per cent. AVith the high rate then made and the

rates of yesterday the average for the week was about

3^ per cent ; renewals were made at 3^ to 3 per cent

and banks and trust companies quote 3 per cent as the

minimum. Time contracts are in fair demand, but

the inquiry for money is not urgent, while the supply

is abundant, the foreign bankers being liberal with

their offerings ; rates are 3 per cent for sixty days, 3^

per cent for ninety days, 4 per cent for four month?,

and 4^ per cent for five to six months on good mixed

collateral. There is no great discrimination against

industrial stocks where these are put in on a fair

margin. For commercial paper there is a good out-of-

town inquiry, but the city banks are holding their

funds for the accommodation of their customers and for

out-of town depositors. The supply is good and there is a

fine assortment of names. Kates are 4^ to 4^ per cent

for sixty to ninety day endorsed bills receivable; 5J to

5| per cent for f jur months commission house names,

and 5^ to 6 per cent for good single names having from

four to six months to run. The bank return for last

week showed that five of the larger banks held $4,943,-

800 out of the $9,887,875 surplus reserve in all the

banks in the association.

The features abroad this week have been (1) the

failure of a colonial house of long standing, but this

appeared to have no influence in London, and (3) the

spread of the cholera on the Continent and its appear-

ance at Liverpool and at other points in England, the

latter seeming to have had a stagnating effect upon

business. The cable reports discounts of sixty to ninety

day bank bills in London at 15-16 of 1 per cent. The

open market rate at Paris is 1 per cent, at Berlin it is 1^

per cent, and at Frankfort If per cent. The Bank of

England gained £158,000 bullion during the week.

This, as we are advised by special cable to us, was due

to the import of £375,000 (of which £174,000 was

from Australia, £61,000 from Portugal and £40,-

000 from other countries), to exports to Egypt and

India of £80,000, and to shipments to the interior of

Great Britain of £37,000. The Bank of France gained

£137,000 gold during the week.

Foreign exchange was dull and easy until Wednesday,

when it grew firmer under the influence of the inter-

ruption to exports caused by the cholera ; but the

tone was again easier yesterday. Compared with Fri-

day of last week the market opened unchanged on

Monday at 4 87@4 87i for long and 4 88i@4 89 for

short; on that day the Bank of Montreal reduced its

rates to 4 87 for sixty day and 4 88^ for sight, and the

Bank of British North America lowered its short rate

to 4 88^. On Wednesday Brown Bros, advanced to

4 87i for 60-day and to 4 89 for sight, and the

Bank of British North America restored its short rate

to 4 89. Yesterday the Bank of Montreal again ad-

vanced to 4 87^ for 60 days and to 4 89 for sight, mak-

ing rates by all the bankers uniform. Rites for actuitl

butiness were 4 86|@4 87 for 60 day; 4 8S@4 S8i for

Sbptkmbbr 3, 1802.] THE OHRONICLE. 351

Bight; 4 88i to 4 88i for cable transfers ; 4 86@4 86i

for prime and 4 85i@4 85i for documentary commer-

cial bills. Yeslcrday $2,600,000 gold was withdrawn

for export to-day.

Whatever may be the effect of the regulations re-

garding cholera on trade in the near future, there can

bo no doubt that up to the present time the volnmo of

business has continued large. At least that is the con-

clusion which the records of bank clearings would

appear to justify. Through the use of the telegraph

we are able to present to-day the totals of clearings at

the various cities for the month of August, and the

comparison with last year is on the whole a decidedly

encouraging one. Including New York City the final

aggregate shows an increase of 8*4 per cent and outside

of New York an increase of as much as VZ-i per cent,

which is much larger in both cases than for July. To

be sure, in August last year the decrease had also

been larger than for July, but it is to be re-

membered that the present increase would be oven

heavier than it is, if stock sales on the New York Stock

Exchange were still cleared in the old way, through the

banks, instead of in large part through the Stock

Clearing House according to the new methods. As

far as the number and value of the share transactions

on the Stock Exchange are concerned, there has been

no material difference in the two years, but the reduc-

tion effected in ordinary bank clearings for August by

the new method is estimated at the large sum of 380

million dollars. However, the showing is very satis-

factory as it is, without allowance for that factor.

HONTHLT CLBARDIOS.

Month.OUarinoa, Tbtol AtL OlMrinji Outside IV«io York.

18M. 18S1. P.Ot

+13-8

+31-1

+251

1892. 1891. P.Ct

Itnuuj....I^braaryMarch

>6.«33.38l.768

5.207.327.071

5.296.213.771

>1,967,201,252

3,973,0.59.963

<.23l.ll».720

«2.104.718.800

1.969.8>8.1S5

2.035,569,231

(2,010.201.888

1.668.522.807

1.788.013.198

+4-7

+181+13-8

l9t quar..

prUM»yJune.

16,J66.9<n',6Il

6,088.230.2.13

5.030,886.169

4.931.573.711

15.ail.«92,13(i

3U2a8,399,717

1,637,6.17,395

1,532,396.169

13,171,380,935

4,800,379.055

4.809.892.260

4.378.033.019

+226

+5-8

+i-e+12-7

8,110,176,186

2,010,732,893

2,060,:03.62l

2,127,532,977

6.486.737,951

1.913.501.281

1.9f)3.153.7.'!8

1.833.120.397

+U-7

+51+;-7

+16-1

Mqnar... l.t.998.204.331 +7-5^ 8,188,991,491 6.650.075.396 +9-5

• months.

JnlyAoitnat

27.172.585.260

4,392,464,102

4,180,813,188

+14-9 12,299,187,880

+6-6 2,059.160,68:)

+8-4 1 1,998,273.713

11.116..313.347

1,914.347.8.54

1,777.345.136

+10-6

+7-6+12-1

The improve'ment noted in the case of the final

aggregates also extends to most of the leading points.

Taking the eleven cities whose results we usually sum-

marize for a series of years, only two, namely San Fran-

cisco and Baltimore, record lower totals than for 1891

—all the rest have gains. The following furnishes the

figures back to 1885. It will be observed that the

aggregate outside of New York is larger than for the

corresponding month of any previous year, and the

same remark applies to the Western cities considered by

themselves, more particularly Chicago, St. Louis, Pitts-

burg, Cincinnati and Kansas City. Even at NewOrleans—a Southern port—the August clearings for

1892 are the best on record.

BANK CLEARINGS AT LEADraO CmES VOB ACOmT.

(OOO.OOps 1892. 1891. 1890. 1889. 1888. 1887. 1886. 1885.omiUeiL) « » $ $ $ 9 $ *

New York... 2,i>34 2,403 2,960 2,748 2,413 2,494 2,431 2,041Boston 37H 357 393 336 315 314 2S4 246ChicagoPhllailelpbla

429 362 342 284 264 240 223 17828.1 241 2H3 281 235 242 230 177

St. Louis.... 105 98 88 82 73 77 70 61Ban Fran'co. 73 79 76 74 74 84 58 43BaUiuii>re... 61 63 57 54 61 49 4') 42Pittsl.iirK ... 63 51 61 50 48 40 32 2-)

Cinc.inimtl... 5li 48 48 43 39 41 43 a2Kansas City. 44 36 4L 36 34 31 22 19New Orleans 28

4,051

23 26 22 19 20 20 13

Total 3,7i)l 4,375 4,013 3,607 3,632 3,482 2,8.^2Other cities.. 478

4,532

420 420

4,795

295 287 2-20 176

3,6)8

172

ToUlall... 4,181 4,303 3,894 3,852 3,054Outside N.Y. 1,993 1,778 1,835 1,560 1,481 1,338 1,204 1,013

salOnT MONTII*.

(O00,0fl0« 1802, 1801, 1890. 1889. 1888. 1887, 1886. 188C.omitted.) iliV*99*99

Now Yorx... 21,022 20,937 24,583 23,200 19,534 22,150 21,022 16,304Boston 3,244 3,068 3,442 3,152 2,816 2,919 2,644 2,145I'blcnKO 3,273 2.811 2.604 2,152 2,0<I2 1,»<)1 1,041 1,436Pliilnileliibin 2.5iil 2,136 2,156 2,386 2,070 2,111 1,849 1,479Bt. Louis.... 797 730 733 640 580 r,Ol 5-6 4068nii Kran'co. 524 577 540 544 533 537 392 865Uultimor«... 514 474 503 427 401) 447 397 387PIttslxiri; ... 505 447 621 424 381 329 2.^7 2StCincinnati .. 485 432 417 367 338 376 328 286Kansas City. 318 287 328 206 264 264 177 141New Orleans 308 326 310 303 274 257 239 223

Total 36.491 32,225 36,446 33.809 29,102 31,883 29,472 23.404Other cities. 3.888 3,521 3,327 2,406 2.098 1,812 1,440 1,167

Total all... 40,370 35,746 39.773 30,303 31,290 33.095 30,912 24,661

OutslleN.Y. 16,357 14,800 15,190 13,096 11,730 11,515 9,800 8,387

With reference to the transactions on the New YorkStock Exchange during the month, we have already

stated that there is very little difference in that partic-

ular between August 1892 and August 1891, Thepresent year the sales aggregated 5,447,178 shares, last

year 5,841,699 shares, the volume of business not hav-

ing been very large in either year. In the market

value of the sales the accordance is very close, the 1893

aggregate being about 321 million dollars, against 323

millions for 1891. The following furnishes a summaryby months.

SALES or STOCKS AT THE NEW TOBK STOCK BXCHANOB.

1892. 1891.

XontA. Numberof Shara.

Valua. Numberof Slara,

Yaluet.

Par. Actual. Par. AetuaL

Jan....

Keb....

March.

9.992.043

11.431.111

8.933.916

t 1 $

933.019.100 633.383.777

918.071.600 571.380,647

773.129,890 484,094,077

5,618,789

3,275,891

3,616,978

t640.138.650

818.304.025

318.087.315

t

268.489,8a«

175,883,847

195,207,053

Istqr

April...

May....

June...

30,380.100

6.815.142

6.17H.456

5,374.727

2,852,220,,'i90

655,520.360

570.215.620

601.537,150

1,588,859,401

367,131,999

362,627,687

332,807,668

12,541,661

7,183.818

6,288.232

3.978.614

1.206.530.520

699.306.920

616,841.000

390,688.525

639,450,788

422,983,510

372,333,388

233,397,187

Jdqr.

8 mos.

.

July....

AUKUSt

18.366.325 1.630.303.035 1,062,570,251 17.150,661 I.703.539,446'l,028,711,088

48.726.125

3.613,874

6.417.178

1,282,523.825

337.587,350

496.602.702

2,6.51,128,855

229,303,619

321.470.097

29.092,226

3,151,417

5,811,699

2,913,069,965 1,688,164,916

809,692,100 180,696,1M

674,188,050 323,998,868

The Atchison Topeka & Santa Fehas issued its July

statement of gross and net earnings this week, cover-

ing the first month of the new fiscal year, and the

results are very satisfactory. On the Atchison system

itself there is a gain over last year of $142,782 in gross

and of $149,043 in net, while on the St. Louis & San

Francisco system there is a further gain of $41,822 in

gross and of $38,478 in net, making together an

increase of $184,604 in gross and of $187,521 in net.

This is the more gratifying as it follows heavy gains in

the corresponding month of other years. The Burling-

ton & Quincy statement for the same month is of a

somewhat different character. The road reports a heavy

increase in gross, namely $452,641, but a still heavier

augmentation in expenses ($487,031), leaving the

total of the net less than for July last year.

It is claimed in Boston that the increase in

expenses represents outlays for improvements made to

prepare the road for the traffic expected from the

AVorld's Fair at Chicago. The Chicago Milwaukee &St. Paul statement has also been issued this week, and

shows an increase of $407,447 in gross and of $136,039

in net. The Canadian Pacific, with an increase of

>'115,503 in gross, reports an increase of $19,522 in

net. The Rio Grande Western reports gross practi-

cally unchanged from a year ago, but net reduced from

$103,971 to 195,579. The Erie, like the Pennsylvania

and the Baltimore & Ohio, has suffered a decrease in

gross and a still larger decrease in net owing to an aug-

mentation in expenses. The decrease in the gross is

$33,733, in the net $119,897. We refer to the expan-

sion in trunk line expenses in another article. North-

ern Central has increased its gross from $566,194 to

352 THE CHRONICLE. [VOL. LV.

The$587,686, and its net from $165,423 to 8168,298.

Ohio & Mississippi on diminishod gross has increased

its net from $76,594 to 18 .',626.

In the South we have a very good exhibit from the

Chesapeake & Ohio. While gross has increased only

from $864,112 to $877,216, net has been increased from

236,769 to $301,796 by reason of a saving of $51,923

in expenses. This saving in expenses will be accepted

as confirmation of the statement of the management,

contained in the annual report reviewed by us last

week, that the company had now reached a point where

the large expenditures made for improvements in other

years are no longer necessary, thus allowing of a greatly

reduced operating cost. The other Southern roads which

have submitted returns this week, present much less

favorable comparisons. The Louisville & Nashville loses

$32,520 in gross and $54,299 in net ; the gain in the

previous year however had been very heavy. The Nor-

folk & Western has increased gross $40,388, but as the

mileage operated was larger, this was attended by an

increase of $65,964 in expenses, thus producing a loss

in net of $25,576. The Jacksonville Tampa & Key

West reports gross of $40,151 against $39,826, and net

of $5,774 against $12,841. On another page we have

reviewed the results of the Northern Pacific for the

fiscal year ending June 30. For June the showing on

that road is very favorable, gross being up from $1,-

895,832 to $2,060,069 and net from $616,260 to $1,-

023,983. The Wisconsin Central for the same month

increased its gross $91,355, and its net 865,291.

Fears regarding the cholera have overshadowed all

other influences on the Stock Exchange this week. On

the announcement in the morning newspapers Thurs-

day that on a German steamship which had arrived

Tuesday night 22 deaths from cholera had occurred

among the immigrants during the voyage, and that the

vessel was being held at quarantine in the Lower Bay,

the market developed great weakness, which operators

for a decline took advantage of, with the result of forc-

ing a large and general decline all through the list.

False reports were circulated at the sance time that

cases of cholera had actually appeared in the city,

and these had the effect of putting the market in a

Bemi-panicky condition, transactions being large and

at steadily declining prices. A sharp rise in the rates

for money, reports of further gold exports, and the

low prices ruling for wheat operated to promote the

weak feeling existing. Yesterday, however, more ra-

tional views again prevailed, and with the knowledge

that the authorities—national. State and local—were

taking vigorous measures to protect the community,while no new cases had developed even at quarantine,

the temper of the market in the morning changed anda considerable recovery took place. The tone howevercontinued unsettled, owing to the difliculty of measur-

ing the effect on our foreign trade of the prevalence of

the epidemic abroad and the quarantine regulations

made necessary by the same ; and in the afternoon the

tendency was again downward, under a sharp decline

in Reading and other anthracite coal properties, causedby rumors of serious differences between the Readingand the Pennsylvania on coal matters.

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

Result with Sub-Treasury operations.

Wuk EnMni Sevtember 2. 1892.

Banks* Interior moTement, as above

Sab-Treasury operations

Total (colfl and legal tenders—

IntoBanks.

$4,066,000

13,400,000

$17,46«.000

Out of

Bankt.

NttOhanQtinBank StAdinQt,

«4,lll,000iLo99.

l<,800,O00iLoss.

$45,0001,400,000

$18,911,000 L098.«l,446,000

The following table indicates the amount of bullion

la the principal European banks this week, and at the

cirresponding date last year.

Bankot

E iffland

Pranoe04rman;"..

.

Aiit.-Hun'j'

Netherlands..

Nit. B'lglum'

fot.thls weektot. pr»T. w'k

Septembtr 1, 1892.

QolA.

»27,r«4.13i

87,011,038

86,812,260

7,536,000

3.184,00c.

2,913,83.)

145.230,755

141,503,122

Silver. Total.

&

51,935,365

12,280,750

18,863,000

7,422.000

1,458,>)07

89,917.782|235,lr8.537

89.89^,663 231,393.035

September 3, 1891.

Ooli.

£27.784.134

118,943,403

49,123.000

24,389,000

10,583.000

4,370,000

£26,335,483

64,448.000

33,283.250

6,457.000

3,701,000

2,9il.333

aUotr.

50,841.000

11.7(32.750

18,515.000

5,948.000

l,46ri.037

128,1.51,0.39 83.32).417

125.093.58)l9).470.333

TotaL

£20.335,483

105.089.000

47,051,000

21.972,000

9.817.00O

4,38J.000

214.478,486'

. i,5a3.91fl

• me division (between goM and stiver) glvon In our table of uoln an db imon In the Bank of Germany and the Bank o( Belgium is made fromtte best estimate we are able to obtain; In neither case is it claimed toba accurate, as those banks make no distinctlou in their weekly returns

,

merely reporting the total gold and silver, but we hellevo the divisionwa make is a close approximation.

NOTB,—We receivethe foregolngresalts weekly by cable, and while noall of the date given at the head of the column, they are the retarns1 laaed nearest to that date—that Is. the latest reported Ugures,

W—k KnMnt September 2, 1892.

Durenoy..MUL

Total Hold and legal tenders

R«ei««I by|Shipped by

N.T. Santa. N. T. Bankt

$3,254,000

812,000

»4,088.000|

(2,611,000

1,600,000

Net Interior

Mot'ement,

Qaln.

Loss.$743,00078S,00C

$4,111,000 Lois. f45,0t0

aROWTHIN DEPOSITS IN GREAT BRITAINAND THE UNITED STATES.

We publish this week (page 369) the returns of the

national banks to the Comptroller under his last call,

that of July 12 1892. These reports are to-day moro than

interesting ; they have become instructive, for though

they cover national banks only, that system now num-

bers 3,759 separate institutions, and as there are more

or less of them in every State they touch the business

interests of every section ; hence the reports called for

five times a year reflect in a measure our industrial

development.

Probably the item which discloses this development

most strikingly is the growth in individual deposits. Wehave often called attention to this feature, but a long

and elaborate article in the London Journal of the

Institute of Bankers for May by Mr. James Dick, on

Banks and Banking in the United Kingdom, in which

we find a comparison between 1883 and 1891 of what

is called in the text of the article the deposits in Great

Britain and Ireland in those years, will give added

interest to a somewhat similar exhibit for the United

States. Mr. Dick's summary is subjoined

United Kingdom. 1883.

(1) Deposits ascertained £474,844,000

(2) Savings banks' deposits ascertained 87,652,000

(3) London private banks estimated. ... 68,000,000

(4) Country private banks estimated... 80,000,000

(5) Foreign and colonial banks estimat'd 50,000,000

Tot. deposits or Uabilities to the public. £760,496,000 S. 994,643,000

It should be said in explanation of the foregoing

statement that the items used in making up the com-

pilation are not in all respects what would in this

country bo included under the head of deposits. Wefind another table in Mr. Dick's article which gives

these matters more in detail, and we are thus able to

analyze the above. It seems that the heading over

the compilation from which the first line of

above figures is taken—the line marked (1)—reads

"deposits, current accounts and notes," and it will be

observed that the total in the above summary is de-

scribed as " total deposits or liabilities to the public."

We may consequently assume that the last clause of

this depcription ("liabilities to the public ") and p,ot

1 " total deposits " would be the more proper desigua-

1891.

£660,660,000

113,983,000

50,000,000

50,000,000

120,000,000

Septembir 8, 1809.] THE CHRONICLE. 853

tion, althouj^h as said the text o( the article appears to

treat the compihition as "deposits," and the re-

marks made by others after the reading of the

paper spoak of it in the same way. To show

just what the statement covers the Bank of Eng-

land figures which are included in the same will

servo as an illustration. The Bank of England's

portion of the item numbered (1) is given separately

(the date of the return used being omitted) at £61,-

868,000 in 1891. According to the published report of

the Bank of England on December 31 1891, the pri-

vate deposits of that institution were £30,646,813 and

the public deposits were £5,397,102 ; if to these we

add the notes in circulation at the same date, which

were £35,652,-130, we reach about the same total as that

used by ^Ir. Dick. Thus it is apparent that the

aggregates in the summary differ materially from aa

aggregate of individual deposits made up in the

United States, and yet as the two years' results

given in the summary are prepared by the same method

the increa3e from 1883 to 1891 may be taken as

approximately indicating the increase during that in-

terval in deposits in the United Kingdom.

We have often referred to the marvelous growth of

this same item in the United States, illustrating our re-

marks by the National Bank figures. When, however, we

confine the exhibit to the returns of those institutions,

the growth is only.partly shown,though they afford results

worth noting. Thus the returns of the national banks

on July 1 1882 gave the individual deposits at *1,066,-

707,248, whereason July 121892 the same total reached

11,753,339,680, or an increase of about 700 million dol-

lars. Were we to go back a few years further and compare

those figures with the last exhibit, the contrast would be

perhaps more striking. For instance take June 1877

—

the individual deposits were reported at only $636,267,-

629; now, as we have seen, they are returned at $1,753,-

000,000. Perhaps we ought to add that the number of

these banks according to the last return (July 12 1893)

was 3,759, whereas on July 1 1882 the number was

2,239 and on June 22 1877 it was 2,078.

But these statements come far short of representing

the aggregate of individual deposits in the country or

the growth in such deposits. Even the savings banks

of the country, though only very partially developed in

any section except the New England and old Middle

States, furnish about as large a total. According to

the returns published in our State axd City Supple-

MKN'T of the strictly mutual institutions, the aggregate

deposits of those banks in the New England States in

1891-92 were *699,814,480, and in the old Middle States

$726,903,013, or a total of $1,426,717,493. If to those

we add the returns of the other savings banks of the

country, stock and mutual, aggregating $303,550,494,

we have a total of deposits in the savings banks of the

whole country of $1,730,267,987. These latter returns

are mostly dated in 1891. From the report of the

Comptroller of the Currency for 1882 we get a total

aggregate of the savings banks in 1881-2. The returns

are given in detail, but the aggregate deposits are

$966,797,081, showing an increase in about ten years of

over 750 million dollars.

There are only two other items which we can include

—one is the State banks and the other is the Loan andTrust companies. For both of these classes of institu-

tions the returns cover the years 1890 91, the total de-

posits reported for the State banks being $556,637,012,and for the Loan and Trust companies $355,330,080.The Comptroller of the Currency in the report for 1882

gavo the corresponding figures (dates 1880-82) for

State banks at $281,835,496 and for Loan and Trnst

companies at $144,841,596. Bringing together all

these returns we have the following as the resott

reached :

Indiviaual Depotili. 1890-02. 1- 'i 9a.

National banlu $1,753,338,680 tl.J . ^7,248

8ttvlng»bank» 1,730,267,987 Oi5';.707,081

State bank) 056,637,012 281,835,496

Trust and loan oompaDles 355,330,080 144,811,590

Total Individual deposits S4,395,571,75l) $2,460,181,421

This is certainly a very remarkable exhibit. It

shows au increase in the United States in this item of

deposits of not very far from 80 per cent during

about ton years, or an increase in that period of very

nearly two thousand million dollars. That by nomeans covers the whole ground. There are manyother kinds of associations which take deposits and loan

them out. Building associations for illustration; that,

though, is only one of a class. But the above

result is sufficient for our purpose. It tells

the story of this country's marvelous development in

late years. Mr. Dick in his article with reference to

the United Kingdom speaks of " the accumulation of

wealth" which is " held in trust by the banks and rep-

resented by these figures," as "a monument of indus-

try ; of latent stored-up labor of head and hand," in the

United Kingdom. What are we authorized to say with,

reference to the compilation we have made ? To some

extent the deposits are duplicated, but not to a large

extent, and not we think to a larger extent than in Mr.

Dick's comparison.

PRICE AND RATE REGULATION.The decision in the Texas railroad cases last week

invests with new interest the very able and instructive

paper on the Legal Theories of Price Regulation which

Prof. Arthur T. Iladley has prepared for the Yale Re'

view. As is the case with all of Prof. TIadley's effort?,

the subject is carefully treated, and the deductions he

makes and the conclusions he reaches possess additional

value and merit on that account. The Professor traces

the history of price regulation by Government from

ancient to modern times, including of course the at-

tempts to fix railway rates, and he shows that the

methods have differed widely in different countries andat different periods of the world's history, and that

these differences are all clearly referable to the differ-

ences in circumstances and conditions of the nations

making the attempts.

After stating thatasilepresents two distinct aspects,

according as it is regarded as an individual transaction

affecting buyer and seller alone, or as one among manytransactions which furnish the means of supplying the

market with commodities in the necessary quantities

for consumption, he points out that the Roman law

looked solely at the former aspect, treating the trans-

actions as something which concerned only the buyer

and seller, each being free to make any terms he

pleased. In those days it was considered thit every

man was absolute master of his own property, and that

doctrine was consistently carried out. Such a state of

things was only possible wherolawwas highly developed

and commercial transactions but slightly so. In

ancient Rome both of those conditions existed to a

marked degree. The Romans were able to command the

products of the world by the compulsory labor of

slaves at home and the taxation of people who were little

better than slaves abroad. Prof. Hadley notes that

854 THE CHRONICLE. [Vol LV,

this necessity and possibility with praiseworthy quick-

ness. If a man could produce goods for less than had

previously been paid, it was for the advantage of the

whole community to encourage him. But he thinks

—

and it is this conclusion at which he arrives that will

attract special attention—that legal progress in the

direction indicated has now about reached its limit

under the technical conditions of industry to-day.

Says he :" As long as the fixed capital is relatively

small and the circulating capital relatively large, com-

petition will never permit rates to be much above cost

of service, and will cease when rates fall below that

standard. But if the capital charges are large, as in a

modern factory, or still more clearly in a consolidated

railroad system, the standard which will bring in newcapital is very much higher than that which will cause

existing capital to contract its operations. The auto-

matic character of price regulation as it was produced

by competition a hundred years ago is now apparently

gone, and in some measure, though not so far as ia

generally supposed, it is gone in reality."

The subject of railway rates forms part of the general

question of price regulations. It had always been

recognized by the common law that there were certain

industries where competition was impracticable if not-

impossible, and such industries had been subject to

special regulation or law. Of such methods of regula-,

tion canals supplied the most important instances dur-

ing the last century, maximum tolls being fixed by

charter. Later—that is, at the beginning of the pres-

ent century—the same thing was done in the case of

railroads. Professor Hadley reasons that these meth-

ods of regulation proved inoperative because the prices

actually charged were so much lower than any one had

contemplated at the outset. Under the great increase

in the volume of business—so much greater than any

one could have thought likely at the beginning—rates

could be and were very much reduced. But the process

of reduction was not very even, and hence led to grea

inequalities, which inequalities were intensified through

the arbitrary power possessed by the railroads to dis-

criminate very decidedly between different persons and

different places. In these instances, moreover, efforts

at enforced competition increased rather than dimin-

ished the inequalities, since the effect was to reduce

rates to the very lowest level in some cases while leav-

ing them absolutely unchanged in others.

The crying evil therefore was the practice of inequali-

ties, and it was to the removal of these that the courts

were obliged to address themselves. The first efforts of

the English courts in the direction of enforced equality

were extremely crude, and' Prof. Hadley remarks that

the decisions conflicted with one another to a great

extent. Moreover the attempt was made to carry the

law too far, resulting in its practical nullification.

GraauallVJJi9wever, the courts narrowed the scope of

judicial interference, finally confining tliclr attention

to cases of clear and conspicuous inequality, where dif-

ferent persons were charged different rates for the same

there is far less mention of markets or of trading in

the world-wide transactions of Imperial Eome than in

the much more restricted ones of Athens a few centu-

ries earlier. In mediaeval Europe the situation was

different, commercial transactions, while small con-

trasted with those of the present day, having a large

importance compared with those of the Roman Empire,

and then also the property law was less highly developed.

The land owner felt the necessity of exchanging his

products for those of artisans or craftsmen, and hence

the question of price regulation assumed much greater

consequence than it had in Eome. It follows that

there was a change of legal theory, attempts being made

to fix prices by public authority. The attempts were

crude, but the idea controlling them was that sellers were

likely to exact more than a just price if left to them-

gelves, and that buyers on their part were likely to

endeavor to pay less than the proper price, and hence

that a standard of fairness must be enforced by public

sentiment, if not by direct legislation, to prevent

abuse on one side or the other.

Prof. Hadley notes that this latter theory was never

consistently carried out even in Feudal times. For one

class of products, of which he says wheat furnishes the

best instance, it was not carried out at all, partly be-

cause of the variations in yield from year to year,

and still more because the sellers of wheat were the

people who had most to do with making the laws. In

the case of manufactured articles^ custom and police

regulation were more effective. Manufacturing con-

ditions varied but little from year to year, and the

amount of capital involved was so small that there was

a well defined relation between product and the labor

expended on it. Yet even here Prof. Hadley finds that

prices were fixed in many instances by the guilds rather

than by the public—by sellers rather than by consum-

ers. Thus there was a distinct tendency towards class

legislation, and as time went on and this tendency be-

came more pronounced, the courts more or less grad-

ually undertook to restore the common law system of

regulation of prices by free competition. Prof.

Hadley points out that there is an essential difference

between this system and the system which obtained un-

der the old Eoman theory. The Roman law allowed free

determination of prices as a consequence of the unre-

stricted right of private property. The common lawencouraged it as a means of supplying a market morefully and fairly than could be done in any other wav." The common law, both in its rules and its excep-tions, recognized the public commercial end, whichthe Eoman law did not."

But other circumstances also combined to bring thesystem of free competition into favor. Within thelast one or two centuries there have been great im-

provements in the Arts au;lSciences, the processes of

manufacture and production have been simplified andcheapened, and have also been prosecuted on a vastly

greater scale. This made necessary the increased useipf^capital, The laws of the Middle Ages had not been

Yery favorable to investments of capicai, at least invest- ! or substantially the same shiproont, the wuderlying

menta into which the speculative element entered to

any great extent. But with the change in conditionsit was speedily recognized that the quickest way tosecure the capital needed was to allow the owner orborrower of capital to manage his industry in any waythat his business interests seemed to dictate. More-over, it was felt that to have cheap goods competitionwas the one thing essential. Speaking on this point,

)

theory being that while those in charge of the roada

should have the right to fix rates within charter limits,

yet if a reduction was made to one it must be accorded

to another. As to whether the circumstances and con-

ditions of the two parties were essentially the same, that

was a judicial as distinct from a legislative or adminis-

trative question.

There is no sharp line of distinction between Eng-Prof. Hadley says that the courts of England recognized 'land, and the United States as regards the methods.

SxptbmberS, 1893.] THE CHRONICLE. :h65

employed. There has been more or loss judicial regn-

lation in America, while on the other hand there have

been ii good many oiTorts at legislative re-adjustment

of charges in England. There is this difference, how-

ever, that while the successful regulation in England

has been almost exclusively judicial, that in the United

States has been the work of administrative bodies.

The American legal development dates from 1871,

when the reaction from the over- construction of rail-

roads was beginning to make itself felt. By the aid of

land grants, municipal subscriptions and other unwise

devices to encourage artificial growth, says Professor

Hadloy, we had prepared ourselves for a practical

experience of the failure of the theory of enforced com-

petition. The farmers at the same time were suffering

from low prices, and the result was the passage of the

so-called Granger Laws, which were so harsh in their

operations and effects. The railroads resisted this

legislation on the broad ground of unlimited property

rights, and were defeated. Professor Hadley observes

that to-day the position assumed by the railroads is

wholly different from that which they adopted in 1873,

They no longer contend that their business is like any

other business, nor deny the right of public authori-

ties to say somethiog about rates. They do,

however, deny the right of the authorities to

make unreasonably low rates, and on this issue, as

fought out in the Minnesota cases, they were successful.

In other words, the courts will not allow the legislative

authorities unlimited power to make rates any more

than they were willing thirteen years previously to ac-

cord the same right to the railroads. The decision in

the Texas cases had not been rendered when Professor

Hadley wrote his essay, but Judge McCormick in grant-

ing the prayer of the railroads based his arguments

mainly on the same broad grounds. There is protec-

tion, too, against class legislation in having the reason-

ableness of rates subject to judicial determination, for

Buch class legislation is exceedingly likely where, as in

the case of our Western roads, the ownership lies in

the East while those using the roads are in the West.

Professor Hadley expresses the opinion that there is

every reason to hope that the price regulation of the

future may take more and more the direction of secur-

ing equality rather than of fixing rates.

The conclusions which Professor Hadley reaches as

the result of his able analysis of the subject of price

and rate regulations will attract wide attention, the

more so as they are in accord with the opinions of the

best thinkers on railroad subjects. Says the Professor :

" The Roman theory of absolute property rights is un-

tenable in a commercial community. The Feudal

theory of fixing prices by public authority on the basis

of custom is still more untenable. The English

common law theory of voluntary competition works

extremely well in industries with small capital and in-

dependent establishments, but is subject to important

limitations where there is a de facto monopoly. Com-pulsory competition has proved impracticable ; charter

maxima have been inoperative. We are reduced to

the three alternatives of socialism, class legislation, or

judicial enforcement of equality on the basis of private

initiative in rate-making. The dangers of each of the

two former bring us down to the latter as the only

visible line of development which will not sacrifice

more than it gains." From this last proposition wethink few persons who have thought much on the mat-

ter will dissent. It would certainly seem very difficult

to refute.

NORTHERN PACIFIC'S SHOWING FOR THEFISCAL YEAR.

The Northern Pacific statement for June hai beeaissued this week, and from it we are able to make npthe accounts for the fiscal year—that is, for the twelve

months ending June 30. The year was rather aaeventful one, and the outcome has been awaited with

considerable interest. For the six months to December31, it will be remembered, the result had been muchbatter than expected, chiefly however by reason of adecided increase in the item of miscellaneous income;

in the latter half of the year the situation was such,

that the management decided to suspend dividends oathe preferred stock.

No doubt the belief has been that the company hadlost heavily in earnings as compared with the year pre-

ceding. As a matter of fact the figures reveal only »comparatively small decrease in gross, while the net

has actually increased, and is the largest in the history

of the company. We present the following to showthe course of grois and net earnings during the last

six years. The figures do not include the operation*

of the Wisconsin Central for any of the yeays.

iforthem Pact/tc. I891-i»3. 1890-91.

Miles of road endof fiscal Tear

Earning —FrelKht.

.

% %17,383,771 17,631,223

Pastenzer 6,296,288^ 6,090.191

Mall!]

Kxpress [ 981,401 939,88')

MiscellanQOus ' J

ToUl earninKs.. 24,>tei,ia

Operat'g expens's 14, < 76,346

1889-90.

8,774

«I5,600,S80

9.167,702

451,781

330,8^2

5«,«78|

3,46S

1887-8S.

3,837

t %12,877,SS8,10,4a«,?44

5,834,163 4,577,898

443,83-

298,170

399,tS2

286,010

176,124

188«.aT>,

8.teft

*8,730.841

8,2e9,70«

356,.34T

800,882

131,998

a!>.151,544

14.910.40^

(S9-40)

22,610,803119,707,488

13,089,137111,863,841

('i7-8»)I

(60-20)Per cent (B7'4«)

Net earnings.... Il0,<8\093l 10,211, 1121 0,5-il.366 7.818.927

15.846,328 12,78S,44a

9,025,896 6,904,81T

(59-96)I

(58-K9)

e.8eo,782: 5.8843S1

All things considered, we have here a most remark-

able record of growth and progress. Conditions in thelate year, as is well known, were not altogether favor-

able—on the contrary some of the chief conditions

were unfavorable. At the eastern end of the system

the large crop of spring wheat produced last season in

Minnesota and North Dakota counted as a beneficial

influence of some moment ; but on the other hand in-

dustrial interests on the Pacific Coast experienced con-

siderable depression which operated to the disadvan-

tage of the lines at the Pacific end of the system.

Moreover, the company was also deprived of the traffic

in the transportation of wheat from the Pacific Coast

to Duluth and Minneapolis (furnishing a very long

haul), which had been a feature of the operations of

the previous year ; the conditions of the late year

did not warrant shipments of that kind. Altogether it

would not have been surprising if gross receipts hadheavily fallen off, especially seeing that there had been

large and uninterrupted gains in all the years preced-

ing. What we actually find is that passenger earnings

have declined only $381,000 from the heavy total of

the year preceding and freight earnings no more than

$147,000. In aggregate gross earnings of all kinds tha

decrease is less than half a million dollars. In a word>

after rising from $12,789,448 to $25,151,544 in the four

years from 1887 to 1891, the decrease in 1892, on un-

favorable conditions, has been only to $24,661,457

—

that is less than 2 per cent. The net earnings after

having risen from $5,884,831 to $10,211,142 between

1887 to 1891, in 1893 further rose to $10,485,092.

The exhibits for the closing months of the year

showed decidedly improved results, and it is this cir-

cumstance that operated to better the character of the

statement for the year. June particularly made a

356 THE CHRONICLE. [Vol. LV.

splendid record ia this respect, gross haying increased

as compared with last year from $1,895,833 to 13,060,-

069, and net having increased over $400,000, or from

$616,261 to 81,023,983. Thus far we have not consid-

ered the Wisconsin Central results. That road in

June increased its gross from 1436,537 to $517,883, and

its net from $150,334 to $315,625. The following

table gives the comparative gross and net both of the

Wisconsin Central and the Northern Pacific for June

and also the twelve months.

Northern Pacific. Wisconsin Central. Total both ro't.

1892. 11$91. 1892. 1801. 189i. 1801.

Jwne.

Gross eainlDKs...

Operat'K eipens.

« 1 $2,060,069 1,S95,8S3

1,086.0891 1,279,572

517,882

302,257

$426,527

276,193

2.577,951

1,338,342

t

2,322,!!59

1,555,765

Net earnings...

JulyltoJuncSn.

Gross earnings...

Operat'g ©xpons.

l,023,l>83

24,661,457

14,176,365

81H.230

25,151,544

14,940.402

215,625

6,541,964

3,496,237

180,334

5,245,714

,1,357,269

1,239,609

30,205,421

17,672,602

766,594

30,397,258

18.297,671

Net earnings... 10.485.092 10,211,142 2,047.7271 1.898,445 12,532,819 12,099,587

We see by this that the Wisconsin Central for the

twelve months enlarged its gross as well as its net, the

former from $5,345,714 to $5,543,964, and the latter

from $1,888,445 to $3,047,727. If we combine the

results for the Wisconsin Central with those of the

Northern Pacific we find aggregate gross earnings

diminished only from $30,397,258 to $30,205,431, while

aggregate net has advanced from $12,099,587 to

412,532,819.

It was known that fixed charges would be heavier in

181'3 than in 1891, and yet under such a favorable exhibit

of earnings as the above figures reveal one would be

in' aed to think that the amount earned for the stock

3 'le two years could not have differed greatly. As it

;i , this surplus for 1893 proves to be only $834,887,

^against $1,910,753 for 1891 and $3,059,891 for 1890.

'The subjoined statement will'show how that result is

arrived at. The statement contains the charges item-

ized as far as the monthly returns furnish the items.

[FISCAL TEAS ENDINQ JUKE SO

served that the most striking increase of all occurs in

the three final items lumped together in the table,

comprising payments for " general interest," for

"sinking funds" and "miscellaneous." The aggre-

gate of these for 1891 was only 1830,429 ; for

1893 it figures out almost a million dollars greater, or

$1,823,236 in amount. It is these items, therefore,

that furnish the key to the whole situation. Whenanalyzing our figures for the six months to December31 we were informed that there had been a change

in the company's method of bookkeeping, that the

item of sinking fund payments now embraced

not only the payments made out of earnings but also

those made out of the proceeds of land sales which

latter had previously been excluded from the income

statements. As part of the same change, such proceeds

are also included on thecAher side of the account under

the head of miscellaneous income, so that that item

is likewise affected. The amount involved in the

change in question we do not know, and hence wecannot tell how far it goes to explain the increase of a

million dollars in the three items of charges lumpedtogether. The annual report, however, will doubtless

furnish full information. In the meantime there is

cause for congratulation in the fact that in such a year

as the last the Northern Pacific should have been able to

.

make a surplus so large as $834,887 over and above all

charges. As the amount of the preferred stock nowoutstanding is 836,564,250 the surplus is equal to about

2^ per cent on the same.

1892. 1891.

( I10.485.092 10.211.112

2.047,727 1,888.445

Kit earnings—No. Pac. .

.

Wis. Cent.

Total 12,532,819

Miscellaneous Income 2.052,485

1890.

t

1889. 1888.

9,521,368 7,843,927 6,8i0,732

Total 14,683,304

Fixed charges—

Bantals-Wlsconsin Central 2,262,818

8t. Paul A No. Pacific. . . 1,090,761

Cosnr d'Ai. R'y 4 NaTManitoba Road 24,892

Minn. Union 48,048

<!h.8t.P..Vllnn.*0m8ba

Seattle* Northern. ... 13,519

Taooma Land CoEquipment 5,300

No. Pacific Terminal. ,

.

44,894Property at Winnipeg.. 700

Branch Roads 951,346

Taxes, Northern Pacific. . 400,986

Do Wisconsin Cent... 191,963Funded debt lnt«rest 6,001,956

General Interest 1

Sinking funds \ 1,823,230Miscellaneous

j

Total

12,099,587 0,621,366 7.843,927 6,830,732

2,000,096 1070,818 441,097 530,724

14,099,883 10.592,181 8.286.024 7.851,468

2,107,615

l,024,0f8

1,779

1,046,846

35,868

4!!,M6

1,921

7,728

228,445

16,022

467

1,014,698

460,594

168,605

6,247,074

22,230

48,251

2,140

233,978

72,000

789,183

135,007

22,230

48,006

2,110

6,000

106,718

78,000

614,977

22,147

44,623

2,140

68,472

1,333,008 1,080,738

374,609 322,403

881,073

241,288

6,115,762 4,917,833 4,703,955

830,429 284,902 343,309 234,095

13,750,417 12,188.930 8,532,203 7,803,546 6.832,770

Borplni

,

8S4J«7 1,910,763 8,069,891 481,478 618,683

It thus becomes plain that the addition to chargeshas been far in excess of what would have been sup-posed likely, the total of these charges (including therental of the Wisconsin Central) having risen from$12,188,930 to $13,760,417, or considerably over IJmillion dollari. It is to be regretted that the reasonfor this heavy addition cannot be determined from theabove statement. The increase in funded debt interestfrom $6,247,074 to $6,901,956 is not hard to under-stand, especially as there is a coincident decrease inthe Item of rentals to branch roads. But it will be ob-

TRUNE LINE EXPENSES.Comments have been made on the continued increase

in the expenses of the Pennsylvania Railroad, as dis-

closed by its monthly returns. In England the

criticisms on this feature have been severe, it being

argued that owing to the great augmentation in ex-

penses the improvement in net results during the

last few years had not proved commensurate with the

heavy capital outlays incurred during the same period

of time. These strictures on the management of that

road suggest an examination of the figures of the other

trunk lines, in order to determine whether their record

and experience have been any different. We have on a

previous occasion referred very briefly to the matter,

but did not then have the full data we now possess.

In reviewing the Pennsylvania statement last week

for July, which showed a decrease of §101,110 in gross

earnings accompanied by an increase of $380,807 in

expenses on the Eastern lines, and a decrease of $156,-

811 in gross with an increase of $154,079 in expenses

on the Western lines, we noted that in the case of the

Baltimore & Ohio the character of the exhibit for July

was much the same, that road repotting a falling off

of $129,194 in gross coincident with an expansion of

$39,453 in its expense accounts. This week we have

had the Erie return also for July, and it reveals

results which differ in no manner from those disclosed

by the statements of the Pennsylvania and the Balti-

more & Ohio—that is, there is a decrease of $33,733 in

gross attended by an increase of $86,164 in expenses,

thus producing a loss of $119,897 in net. The loss in

gross earnings on all these roads is presumably at-

tributable to the labor troubles which occurred at the

steel mills during the month in question, and hence

we may suppose is merely temporary in nature. Theaugmentation in expenses is due to other causes, to

which we shall presently advert.

SEPTEMBia 8, 1893. THE CHRONICLE. 367

As the comparisons in these cases cover merely a

single month and also go back only one year, it is

evidently dcairablo to extend the investigation some-

what further, so as to allow of deductions on a

broader and more comprehensive basis. For this pur-

pose the results for the six months from January 1 to

June 30 will be very useful. We select this period

because it brings the figures down to a recent date, and

at the same time permits us to include roads which

will not furnish monthly exhibits, but merely quarterly

or half-yearly statements, the Lake Shore & Michigan

Southern for instance having just filed at Albany its

return for the three months ending June 30. In the

following table we have brought together the gross

earnings, operating expenses and net earnings of the

Pennsylvania, both Eastern and AVestern lines, the

New York Oantral, the Lake Shore, the Michigan

Central, the New York Chicago & St. Louis (or "Nickel

Plate"), the Cleveland Cincinnati Chicago & St. Louis

(or " Big Four"), the Erie, the Baltimore & Ohio and

the "Wabash—in other words all the larger trunk lines

—for the first half of each year back to 1889. The

statement will be found quite interesting entirely

apart from the aid it furnishes in a study of the tend-

ency of expenses, for the totals cover figures of very

large magnitude, the aggregate of the gross reaching

only a trifle less than 140 million dollars and the

aggregate of the net over 39 million dollars.

TBUKK LINE EARKIN08 AND EXPENSES JAXtJART 1 TO JUNE 30.

1892. 1891. 1890. 1889.

Grots Eaminga— t ? « t

Fennsylranla, Eastern Unas.. S2.6951B2 31,475.411 31,053,611 28.004,238

do Western tines... 24.633.937 22,105,142 28,287,670 20.396,739

N. T. Cent, ft Ilud. Rirer' 81.383.809 20,110,444 19,696.880 18,314.117

l.«ke Shore* Mich. So 10.678,866 9,560,047 0,923,860 8.829.696

Hloh. Cent, and Can. So 7,642.000 8,966,000 6,813.000 6,233,000

N. V. Ohio. * St. Louis 3.056.118 2,928.814 2,733.693 2.275,940

Clev. Cln. Chic. * St. Louis .... 8,606.906 6.247.626 8.274.214 5,803,456

M.T.L.I!.* W.Clnc.N.Y.Pa.* O.) 14.793,203 13.785.924 13.724.377 12,196.682

Baltimore AOblo 12,141.542

6,471.719

139,901,341

11,365,855

6,043.914

130,578,207

11.522.651

6.080,181

131,954,713

9.964.63'?

Watkaah 6.712.280

Total 117,920,815

Operating Ba:p«i»fs—

Pemuj'lvanla. Eastern lines. .

.

23.838.014 22.467.328 22,682.260 19,593,765

do Western lines .

.

17,019,972 14,781,889 16,187.177 14,284.023

N. T. Cent. i. Had. Ktver* 15,062,576 13,297,423 13,143.686 12,411.707

Lake Shore 41! ich. So 7,417,890 6.609.009 6,958,569 5,944,721

Hlcb. Cent, and Can. So 6.732,000 6,185,000 4,968,000 4,424.000

N. T. Chic. * St. Loulst 2,623,987 2,364,657 2,121,671 1,774,520

Clev. Cln. Chic * St. Louis 4,774.458 4,390.547 4.075.905 4,096,520

N.T.L.E.*W.(lnc.N.Y.Pa.* O.) 10,167,354 9,169,976 9.144,720 8,073 774

Baltimore * Ohlot 9,177,697 8,2(«.275 8,629.093 7,382.450

Wabasht 5,128,737

100,830.684

4,696,795

91,011,586

4.689,045

92,900,116

4.627,824

Total 82,633,304

Ket Earn<no»—Pennsylvania, Eastern lines... 8.857,488 9,008,085 8.976,251 8.410.473

do w estem lines. .

.

7,513,965 7.320,153 7,110.493 8.102,718

N. T. Cent. * Had. River' 8,321.234 6,813,021 8,452.976 5,902.440

Lake Shore A Mich. So 3.280,766 2,941,038 2.966,291 2,884.975

Mich. Cent, and Can. So 1.910,000 1,830,000 1,875.000 1.809,000

N- Y. Chic. * St. Louis 531,131 664,207 612,028 501.420

Clev. Cin. Chic, ft St. Louis 1,731,447 1,857,079 2,198.309 1,896,938

N.Y.LE.AW.(lna N.Y.Pa.A0.) 4,635.849 4,626,949 4,578,657 4422,808

BalUmore ft Ohio 2,963,846 3,161,580 2,893,468 2,672,087

Wabash 1,344.982 1.445,U9 1.881.136 1.081.468

Total 80,070,667 39,566,611 39.054,598 36,287,311

* Rome Watertown ft Osdensburg Included In all the years.-f Sot Includinit taxes.

We thus see that as respects the tendency towards

increased expenses the showing for July has been by

no means exceptional, nor does the character of the

Pennsylvania's return difEer greatly from that of the

exhibit of the trunk lines as a whole. As compared

with the six months of 1891 the Pennsylvania the

present year increased gross earnings on the Eastern

lines about 1^^ million dollars and on the Western lines

nearly 2^ million dollars, while the net earnings of the

former actually diminished $150,000 and those of the

latter increased less than $200,000. Looking now at

the total for all the lines given in the statement, wefind that with gross increased from 1130,578,207 to

139,901,341, net has fallen off from |39,5GG,611 to

$39,070,657. The New York Central, with gross in-

creased over 1^ million dollars, lost nearly half a mil<

lion dollars in net : the Erie, with a gain of a million

in gross, has added jiractically nothing to its net; l^e

Baltimore & Ohio, with gross increased $775,000, Ium

lost nearly $200,000 in net ; the Wabash, though having

increased gross $428,000, has suffered a decrease of

$100,000 in net ; the Michigan Central, while hariag

gained nearly $700,000 in gross, has gained but $80,000

in net. And so we might go through the list.

If we compare with the year preceding the last, that

is with 1890, we find that there was a special reason for

the heavy increase in expenses on the Pennsylvania ike

present year in the fact that that road last year hadvery heavily contracted its expenses. This is especialjy

true of the Western lines, where the saving in 18^1

was 80 decided that with a decrease of nearly 1| millipn

dollars in gross the net was actually increased over

$300,000 ; and even the Eastern lines then showedslightly increased net, notwithstanding a decrease of

almost half a million dollars in the gross. Some of the-

other trunk lines also practiced economy in their ex-

pense accounts last year, as for instance the Baltimore

& Ohio and the Wabash, though the reduction ia

expenses in those cases was not so marked as on the

Pennsylvania. Still even as between 1892 and 1800

(omitting altogether the intervening year) the in-

crease in expenses is quite a feature of the re-

turns. In these two years gross earnings have riser*

from $131,954,713 to $139,901,341, while the net haa

remained substantially the same, being 139,070,657 for

1893 against $39,054,598 for 1890, the increase in ex-

penses having consumed practically the whole of the-

addition to the gross. Out of the ten systems whose

figures are separately given in our table, five actually

have lower nef for 1892 than for 1890. It is worth

noting that of the five which show larger net than twoyears ago, the Pennsylvania Western lines constitute

one and that the increase on them is heavier in amountthan on any of the others.

The course of gross earnings during the years covered

by this review furnishes notable evidence of the

tendency of trafi&c to grow and expand on these lines.

We start with gross of $117,930,615 in 1889. It is

proper to say that earnings in that year were by no

means poor, the crops of 1888 having been large. Theseason of 1889 proiuced still larger crops, and hence

there was a very marked increiso in earnings in the

first half of 1890, the total rising from 1117,920,615 to

$131,954,713. In 1890 the crops were short and the

result was a great falling off in the grain movementduring the first half of 1891. Daring this latter period,

too, the strike in the Connellsville coke region occurred

and iron production was greatly reduced, and yet under

these unfavorable influences gross earnings declined

only from $131,954,713 to $130,578,307; and now under

the effects of last season's very exceptional crops this small

loss has been entirely recovered, and the total raised

t> $139,901,341. The net earnings increased from

$35,287,311 in 1889 to $39,054,598 in 1890, h\\, have

since then, as we have seen, remained stationary, not-

withstanding the further addition to the gross.

No doubt several circumstances have contributed to the

increase in expenses. With tne outlook for traffic, ancj

earnings bright, managers are naturally inclined to belib-

eral in the making of repairs and renewals, just as they are-

inclined to be economical and sparing when the traffic

conditions point in the other direction. This beings©,

a comparison of a year of one extreme, like 1893, with

that of a year of the opposite extreme, like 1891, pre-

358 THE CHRONICLE. [Vol. LV.

duces yerv striking coBtrasts. As bearing on the

question of large expenses at the present time, it should

te obseryed furthermore that the coming World s £air

at Chicago operates as a special stimulus to heavy out-

lays, railroad managers all making extra efEorts to put

their lines in superior shape, so as to be able to take

care of the very heavy traffic expected as a result

of that event. Again, though tariff schedules have

been fairly well observed, the tendency of rates under

the low prices prevailing for all commodities and the

small margin of profit left to the producer, is steadily in

the direction of lower figures. This makes it necessary

that a road shall do a larger amount of business in

order to produce the same amount of earnings as be-

fore, and this increase in business of course involves in-

creased expenses. Finally, while the tendency of rates

continues downward, the cost of labor, which forms

an important item of expense, is in not a few depart-

ments of the service rising rather than declining.

DEBT STATEMENT AUGUST SI, 189%.

The following is the official stntement of the United

States public debt and of the cash in the Treasury at

the close of business August 31, 1892.

INTEREST-BEARING DEBT.

TitU Of Loan.

4)<8,F'n'd Loan. 1891Continued at 2 p. c.

18, F'ded Loan.. 1907

«, Ref'd'g Certiflc's.

ARgreKate excl'd'^

B'ds to Psc. RS.

InVr't

Pav'U

Q.-M.Q.-J.

Q.-J.

Amountlasxied.

»850,000,000

740,847,600

40,012,750

1,030,860.650

Amoitnt Outstanding.

Realstered. Coupon.

$25,364,500

485,133,000 74,453,460

510,497,500 74.483,450

Total

»35,864,500

569,68»,450

60.130

DSBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.JlUl/ 30.

Vanded Loan of 1891, matured September 2. 1891. .fl,12;j,i60 00Old debt matured at various dates prior to Janu-ary 1, 1861, and other items of debt matured atvarious dates subsequent to January 1, 1861 1,480,175 26

JUrsregate of debt on which Interest bas ceased

Aunxtst 31.

$1,066,760 00

1.480.015 28

Mnoe maturity.

.

.$8,803,825 28

DEBT BEARING NO INTEREST$2,538,765 26

lieKaltenaer notes $346,881,018 00Old demand notes 55,847 60National Btnic notes

;

Itedemptlon account 26,018,448 25Vraotlonul currency $15,2T9,396 62liMB amount estimated as lost or destroyed 8,;J75,934 00

6,903,462 62

AmrreKateof debt bearing no Interest $879,658,574 37

OHRTIFICATE8 AND N0TE3 ISSUED ON DEPOSITS OP COIN ANDLBQAL-TENDBR NOTES AND PURCHASKS OP SILVER BULLION.

OUuatJlcatUm of CertiflcaieB and Nota.

Gold certificates

BIlTer certificates

Cnrrency certificates....

Treasary notes of 1890.

.

Aggregate of certificates..

In the

Treasury.

$83,847,210

2,779,159

660,000

5,268,551

$82.4S4.92<<

InCircuUition

$128,817,879

328,289.145

22,210.000

104,114,056

$683,000,810

AmountIssued.

$152,231,689

831,068,304

22,770,000

109,88?,687

$615,455,530

RBCAPITOL ATION.

OUusitcation of Dtbt.

tnterest-beartng debtDebt on which Int. has ceased..Debt bearing no interest

Aggregate of interest and non-interest bearing debt

Oertlfloates and notes offset byan equal amount of cash Inthe Treasury

Aagregate of debt. IncludingeertlBcates and notes

August 31,

1892.

585.031.080 00

2.538.765 26

879,658,574 37

987,226,419 63

615,466,690 00

1,582,681.949 83

July 31,

1892.

686.030.380 00

2.603.825 26

379,746,289 87

967,378,935 13

819,875,808 00

1.637,054,738 13

Increase or

Decrease.

t1. 700 00

D. 66,680 00D. 86,655 50

D. 152,515 50

D. 4.220,273 00

D. 4,372.788 60

CASH IN THE TEBASDRT."S?*" $186,583,680 41

oSfenT/cS'cite;;":":::::::::".-.:::: ^•V^'ZZ

'*l!i;«lm"g2r"ieSJ?nl''''°''~"'''™'"

niS?!!."".'" *"S '""ionii'ourVeiioy'.V.'.;';".".''

sriX%rcir^.'^i'is>'?eV..';'.''.^.«°.'!.'^.'i''--

Aoresate..

69,a"i8 3565.%129 87

11,6 17,8«3 744,194,859 97—

88,210,827 23

18,387,288 73

$781,514,982 88

DEMAND LIABILITIES.

Gold certificates *i«?S??,4 mSilver certificates S'??nW. mCuirency certiflr'ates ,m'o<io'«Si. ,in .am ,1k« »on nnTreasury rotes ol 1^90 ........... I(»,389.«.i7 00-$816,455,530 00

Fund lor redemp. of uncurrent nat'l bank notes^>J5'!'?,'>3 J°

Outstanding checks and drafts oJ'?12'^?? ?qDisbursing officers' balances S'lSuii art lifocmna luAge.icy accounts, &c iVnnnmnon no"

^'*"^'»" ""- 3«.907.108 18

Gold reserve *^SS-??S'S?? 22Netoash balance 29,152,341 68 .120.152,344 88

Acffrfiffate $7.11,514,(182 86

Cashbffice in'the Treasury July 31, 18112.IS'iS^'S'l ^1

Cash balance m the Treasury August 31, 1892 .$i.i», 1 5/!,J44 68

Increase during the month $2,102,068 80

BONDS ISSUED IN AID OF PACIFIC RAILROADS.

of Railway.

Cen. Pacific.

Ean. Pacific.

Unl'n Pacific

Cen.Br.U.PWes'- Pacific

Sloni C. & P.

Totals .

Principal

Out-

itanMng.

25.885,120

8,303,000

27,236,512

1,600,000

1,970,560

1,628,320

64.BaS.512

Interest

accruedand not

yet paid.

$258,851

68,030

272,365

18.000

19.706

16,283

648.235

Interest

paid bytlie V. S.

37,430.520

9,532,953

39,865,567

2.413.808

2,732,852

2,313,690

91,118,790

Int. repaid hy Companies

.

By Trans-

portation

Service.

By cash pay-

m^ts; 5 p. c.

net earnings.

$

6,824,190

4,062,283

13,899,870

837,535

9,887

191,301

24.817,348

«658,283

438,410

8,027

1,108.6211

Balance

of Interest

paid byt?w 17. S.

$30.148,047

5,470,871

25,827,487

1,879.848

2,722.984

2.U9,2S9

68.197,82 „

REVIEW OF PRICES IN AUGUST—STOCKS,GOVERNMENT BONDS AND FOREIGN

EXCHANGE.The following table shows the liighest and lowest

prices of railway and miscellaneous stocks at the N. Y.

Stock Exchange during the month of August, 1892.

RAILROAD AND MlgCBLLAJfEOUS STOCKS,

Railroads.Albany & Sueqiie

—

Atchison Top. A S.Fe.Atlantic & Paclflo. ..

Bnlt. AOhloBait. & Ohio 8. W. pf.

Buff. Rooli. A Plttsb.Do pret

Burl. C. Bap. & Nor..Canadian PaclfloCanada SouthernCentralof N.Jersey..Central PaoilloChes.&O., Vot.Tr.cert.Do do 1st pref

.

Do do 2d pref.CUcaso & Alton

Do pref-.Chic. Burl. & Qulncy.Ohlc. &East lU

Do pref..Chic. Mil. <fe St. Pain.

Do pref.

.

Ohlc. & Northwest...Do pref..

Chlo. & Rock Island..Chic. St. P. Minn. &0.

Do pref..Cl. Cln. Chic. <fc St. L.

Do pref.Cleveland & Pitts—Col. Hock. Val. & Tol.

Do pref.,Delaware &. Hudson.Del. Lack. & WesternDen. & Bio Grande...

Do prefDes Moines &Ft. D..

Do pref..*Dul. S. 8. & Atl

Do pref..E.Tenn.Va. & Ga. Ry.

Do 2d pref.Evansv. & Terre H..PUnt&Perp Marq'te.Great North'n, pref..Gr.B.W.&St.P.lr.rec.

Do pf. tr. reoHarlemHouston & Tex. Cen.Illinois CentralLeaped lines

Iowa CentralDo pref..

Kanawha & MichK.eokuk & Des M

Do pref..Lake Erie & West'n..

Do pref..Lake ShoreLong IslandLoulsvlUe & Nashv.

.

Lon. Ev. &St. L. i.ref.

Loulsv.N.Alb.&Ch..Lou. St. L. & TexManhattan consol....Mexican CentralMichigan Central..-.Minneapolis & St. L..

Do pref..Mo. Kan. & Texas...

Do prefMissouri PacilloIVIorristfe EssexNewp.Newd&Miss.V.N. Y. Cent. & Hud. R.tf. Y. Chio. <& St. LouU

Do let pref.Do 2d pruf.

N.Y. Lack, (fewest...

Low. aiah.1

IB.i L6537% 1079414 ..

9614 98479 ft'^g

401a 4386 S-7

521a 521a8816 893958 60%132 137i«

291s 30 142313 25%62I9 63 I4

4379 44I4147 153%165 165100 1* IO31460 609812 99%8131 845p

126 1271*115% 118381143 14479 14 831^4979 5459120 12214644 67

1

981a 99I4

151 1543214 36I4

76 77%135% I39141551* 15916 16%48I4 ,50 "i

6% 11%14 2511 143932 34%4I2 4%

IOI2 106*13979 1397980 8U140 144

9 I3I425 25275 275

313 3%991a 103%90 91ll^s 13%42 43%13 13%414 4%

I414 14%23ia 2.i%71% 77%133 136M,1071fl 11038

1

67% 71%51 5325 2620% 2359

I3II3 139 1

15 1769107 109%15% 21I4

39 48%14% 15%2o% 283958»s 63149 "a 155 1

13% 13%lllHi 114 1

17% 18%73 1« 73%38 39112 113%

Railroads.N. Y. Lake Erie & W.

Do pref.N. Y. & New EnglandN. Y. N. H. & Hartl'dN. Y. &Nor. pref....N. Y. Ont. AWest....•N.Y. Pa. &Ohio....* Do pref..N. Y. Susq. &We3t...

Do pref..Norfolk & Southern .

Norfolk & Western. .

.

Do pref..Northern Paolllc

Do pref.

.

Ohio ife Mississippi...Ohio SouthernOregon Ry.&Nav.Co.Ores. 8h. L. & U. N..Peo. Decat. & E'vUle.Peoria & Etistern ....Phila. &. Read, certs.P. C. C. &8t. L

Do pref..Pittsb. Ft. W. & t;hio.

Rensse'aer & Sara...Richmoud Terminal.

Do pref..Rio Grande Western.

Do prer..Rome Water & Oud..St. L. Alt. AT. H.....St.L. &8. F. Istpref.St. Louis Southw

Do pref..St. Paul & Duluih....

Do pref..St. Paul Minn. & Man.Southern Paciflc Co .

Texas & PaciUcTol. Ann A. & No. M.Toledo & Ohio Cent..

Do pref..Toledo Peo. & West..Union PacitloUnion Pac. D. &G...Wabash

Do pref..Wheel. & L. Erie

Do pref.WLsoonein Cent. Co..

Express,AdamsAmericanUnited Stiites

Wells, Fargo & Co....Coal & ITIintn:;.

Colorado Coal & IronColorado FuelDo pief

Maryland CoalMinnesota Iron......Now Cent. CoalOntario Silver Min..Pennsylvania Coal..Quicksilver Mining..

Do pref..Tenn. Coal & Iron

Do pref.Various.

Am. Cotton Oil CoDo pref..

American Dist. Tel..•Am. Sugar Relln.Co.

•Do nref..Araer. Tel. & Cable...Amer. Tol). Co., pref.Brunbwick CoChicago Qaa Comp'y.

Low. High •

2«i4 29%6414 6931.79 37%

248 24916 21 14

18% 20%% 1% II4

14% 16%66 69%56 5911% 117943 44%20% 217g55 58%2059 21%30 30%77% SO2314 25%17% 1910% 10%56% 61%23 246O79 6339

153 153%179 179

838 93837 42%36% 36%71% 71%110% 112%35 3575 76%7% 9%16% 19%41 44%

11)4% 104%113% 11635% 388% 11%

25 29%47 4781 8525% 29%3TO9 40391639 203810% 122138 26%•/7 31%69 72%16% 17%

147 150120 12357 5979143 147

31% 39%56 639923751139

100%24751241

3(jO 300%3% 3%18 2033 35%95 95

42% 477979% 837962 63%101% 114%100% 107%81% 8798 99%a 8%80% 83°8

Sbptkuukr 8, 1692.] THE CHRONICLR 3.59

Various.Ohic. .luiiril"!! Ky...Clt'UK' (la» (If n'klyuOoiinii«'''<'iiil t'i»l>U* ...

CoiimillcliiItMl (liw Co.Dl«. A Cut. KiM'U. Co.B.Usoii Kl. 111. Co.. .

Qeiii'ml EltM'irlo

I^arledt) Una, 8t. L...l>ii i>riJ..

MniilintUn Bcix li ..

Mailoiial OolilitXK

—

Do iirot..

'Nattoiiul Leiul Co...Do prcf.

.

Niilioual Uneui'd

—

Loir.10l«t113ItiO114''.

47 >sB4109 >4

30626

131113

9433

1U4113l>8

ItiOIU"B.MJ»1U81193»'2!S

66UH

13»38

m^HUN

VarlouB.National UtttU'liMfR.

Do l»t pret .

Do '2A jirt* f ,

.

Nortli AnidrliutiJ Co..Ort'Koii Iiiiprovem't..I'lu^lllr Mull•l'i|M! LlmiTruBt ....

I'MHial Tu'p. Cable...IMilliiiun Palaoo Car.silver HiUllou oerta..8outliern Coitou Oil.Te.tart Piio. Lancl Tr.Wi-«t«rn ITnlon TbI..WentlnK. Elec. Ist i>f.

Do auenlea..

Low. Biah34 SH>

1011* lOSO.'i'a 107 1«

13 ll'fl

23 atv2U% 8951»s aH^6H 87 >a

195 ig 108a^H 85 >«

t>^\ 64 >4

13 14''«

96 >8 10(i«ii

Vila 9960 61

• Ualiatdd.

The r»nne of Government bonds aold at the Stock Exchange

in August was as follows :

RAKOB OF aOVKKNMlNT BONDS IN iOQCiT.

4>i«. 1891, 4»,1907rtg.,fxl.-»2p.e, reg.

Opening.... '100 116fliirhoat "loO 118Lowest *1U0 116Closliiir "100 110""•

I'lices bid—no sales during the montb.

The following luKhest and lowest prices are from actual

sales at the New York Stock Exchange :

KilNOB OF STATE BONDS IN ACOCST

Low- High.

a. 1907, 6», e. '98, 6», c '09

coup.lie

rtq. rtallo^ •117i«

11614 •115=8 •118116 •115 •117«8116>4 *H5i« "118

Alabama Class A

—

•• B ...'• " O ..." Ourr. fd. 48.

Ark.7e,L.K P.B&S.O'• Mi8».t).AK«aK." L.K.A Ft.SiiuHh•Mem. AL. K...

Louisa, con. 48

The daily posted rates for 60 days and demand sterling ex-

change in August are given below, it being understood that

bankers' actual rates are usually a fraction below the prices

poeted.

BASKbRB' STSaUHO BXCHAKOB (POSTBD BATES) FOB AUOnST, 1892.

101 10210.%'fl 1051897 9796 96R"* lOia6 109 1110 1091^ 92

N. Carolina Cong. 4h." Spec, tax ('laas 2.

8. C. BI-..WU >n». «8." Non fundable

Tenu. 8..ttlfiu^ut 61." " suiall" " 38• " small

Lote. nu/ti98 100 la

318 4964t 9t%2 21%

lOm lOlU1' 3 10376% 79'.iT« 76

Avg.60

dayi.De-

mand. Aug.60

dayi.De-

mand. Aug.60

day$.

De-mand.

1....8....8....4....6....6....7

4 8718-84 8718-84 8718-84 87V84 871.-84 b7i8-8

8.

4 89-184 89- la

4 89-is4 89-194 89-194 89->8

13...14

4 87198...8.

4 89 25....26....27....28....29....30...31....

Open.iTs'ii..

Last..

4 87-194 87.1a4 87-19

8.

4 87-184 87-194 8718

4 87ia-84.-84^74 871a

4 88i<-94 88i*-9

15...16...17...18...19...20...21...22...23...U...

4 8718-34 8718-34 3719-84 8718-84 8718-81,8719-8

84 87 "8-8

187-8187-is

4 894 891894 894 894 89

i'aa'"'4 8818-94 88>8 9

4 88I9-!'

4 8^19 94 88i8'9

4 8818 9

8....9....

10....

Ik:::

4 o7i«-S4 87V84 87ia-84 87V84 8718-8

4 89-184 894 894 894 89

4 89-18489I9488I94 8818-9

Condition of Banks, Kational and State, In Kansas.—

Commissioner Johnson issued on August 23 his report on the

condition of State and private banka in Kansas on July 31.

From them and from the abstract for national banks of July

12, we have prepared the following, which covers the results

for all banks in Kansas:

KANSAS.Mamber

Iioaiu and dueoant*, tnelad'ic OTMrdraft*. %a.ii^.4AiMeans, boadj. Jie fWiti

ifat. Bank*. State Bar^k*.JiUu 12, 18^2. Julv 30, 18e£.

US 444

Tdtal.

687

DaTfrombaokiindkanken.... ........... 1.171.ii7SI

Due from remrre ueuta 4,820,107 {

Baaktiuc boiu«. famlturaand flrturea

—

1,816.011

Qiharnial Mtat« and mort|iatfe>* owned... 800,027

Sold coin aad certiae»t«« l,o»1.0i!d

BUtbt coin and e<rtiaoata4 389.414

LmiI teiidar iiuM* *ud Mrt'fs of depotlt. 1,0S0,JI20

BUia of otbar bank! aj3,W»xobaofM for Olaarinx Honae in.htaOnrreot axpeuau and t«x«B paid 142,334PnmlaaM 00 O. S boad« ?™-iL'Other TMoanea 445,834

»a),8.'>«,n«»14.481

tll.SOS.lSl5,013,731

4,a3»,19Z 10,631,477

511,3812,788.8J07H7.8J22l5.aiS

l,73o.l5S

SS.OIO4.'>«,031

2»3,»47

2.126.3723.5«9.807],7B8.StS

5»."),-3tW

2,7^5.47363S.2UI83,188598,366279,4818eS.63t

Total |3«,»»4,2«9 »3S,0«2,78l »73,0»7,080Liabmtit»-~

Sal Koek paid In »lS,fl«7,100 flO.777.3S7 |23.444,4."i7

naandaadlTldsdproaU 2,448,559 1,781.701 4.180.»tO

laUon onutandlnc 2.«16.05> 2.ei><,0i>5

DlTideiMU unpaid. ..._ »2.8« 86,5»« ifi).47S

tadlTldnal dcpoalU 20.Sll.09ii 1S,51I.232 S2.85r,330OtberdaiKnlU 272.113 5,(;^1.88» 5.9:14,002

Dot lo bvika and bankan 1.228.14> 272.B2:< 1.501.26'l

lotea and blU.1 parable 3lie,0» 1,381.725 1,779,748Otoar UabUlUoaTr. 20 «59.46i «S9,482

Total $39,994,299 133,062,781 ^,067,080

Clearings by Telegraph— Stock Exchange ClearingHonte Transactions.—The subjoined statement covers the

clearings for the curreat week, usually given oa the first page"f the CttROKlCLB, but which on account of the length of the

other tables is crowded out once a moath. The figures arereceived by telegraph from the leading cities. It will beobserved that as compared with the correspondins; week of

1891 there is a decrease in the aggregate of 7'5 percent. Sofar as the individual cities are concerned. New York exhibitsa decrease of 17-1 per cent, due not only to the sonller volumeof speculative transactions this year, but also to the operationsof the Stock Exchange Clearing House. Philadelphia and St.

Ix>ui8 record gains, but there are losses at Bostoa, Baltimore,Chicago and New Orleans.

OLIAUNOS.lUturm by TtUvravK

tew YorkBeatonPbUadalpblaBaltlmora......

uhlaac*rtt. LOOlSMew Orleans

Seven eltlea, 6 day*...

^tberoltlea, 5 daya. ......

Total all cities, 5 days.,

Ail oltlea, 1 day

Total all nitlna tor week...

Wt4k M^nMn^ StvUmbtr 1.

ispa.

•SlA.Oi 9,088

66,023.416

61,333,-i44

10,534,363

8S,SSS,000

18,840,766

4,380,361

•76Z,<488,US

146,081,263

$888,864,876S30,4e8,768

»1,1 1 9.368,144

1891.

•634,B«3,848

76,201.040

60,317.711

13,104,947

85,414,000

18,343,343

6,148,156

•872,383,148

131,483,41)1

• I,0('6 00-1.638

303,054,140

111,219,733,778

ParOanl.

-18-7-)-8-8

-10-7-1-8-6

-7-§

The operations of the Sto^k Exchange Clearing-Uoiue tat

the past two weuk.'., and also for the months of May, June,July and Auxu-it, ar.' given in tabular form below.

STOCK BXCUANOK CLKAKl.NU UOIISK TK VNSACTIONS..

—

Shartt, both tklai.—, Bataneti, one tide. s SheeUCleared. Total Value. Share*. Taluefiharee.Oath.Oleat'A.

Month— $ « $May 4,731,600 258,200,000 415,000 23,'400.>00 298,.300June 16,(H4,000 1041048200 l.")9-*750 9J,.')<iH.7nO 14.33971July !<,«07,300 61(9,313,200 11^010,) 74,186,100 974,700August.. ,13,998,480 977,583,000 1637100 10738ti9U0 1301600Aiig.22 ...

•• 23....•' 24...." 25...." 26....

823,600663.000939,100037,200613,-00

8 J,100,00043,7M3,00061,030,00040,^00,0'>042,700,000

H7,30i)71,80098.10069,90071,100

O.li 0,0005,107,0 )0

6.400, 1004,700, ')0a4,700,000

73,30074,70079,80043,50041,800

Tot. week, 3,677,200 270.683,000 401,200 27,007.000 313.100Aug. 29.... 837,800 64.300,000" 80.... 596.000 38.0 0,000" 31.... 404,000 28.0 10,000

Sept. 1 931,800 6S,400.000'• 2.. ..1,539,000 109,100,000

37,fl'iO 6,500,000 88.70004,300 4,200.000 47,000O.-i.OOJ 3,300,000 52,00096,800 6.3n3.r>00 98,500167,100 11,100,000 221,600

3,1905,88»5,88(5e,lM33»28088S269280

1,447295269358399325

Tot. week.4,368,600 3U7,800,OOJ 471,400 32.063,.5OO 307,800 1,449

From May 17 to 34 inclusive the stocks cleared were Chi-cago Milwaukee & Sc. Paul, Louisville & Na.shville, NorthernPacific pref. and Philadelphia & Reading. On the 35th,

Atchison, Chicago Burlington & Quincy, Bock Island andUnion Pacific were adied to the list. On Jane 4, ChicagoGas, Missouri Pacific, New York Lake Erie & Western andNew York & New Enijland were aided; ouJuae 15, DelawareLackawanna & Western, American Sugar common andWestern Union were added.

UNITED 3TATES QUARAMLWE AGAINST CHOLERA.The following circular, declaring a twenty days' quarantine

against vessels carrying immigrants and coming from anyforeign port, was issu' d by the Treasury Department onTliursday, with the approval of the President:

TUEASCKV DH'ARTKKST, OlFICK OP TMK SUFERVrslSO SUBOEOIf-

>

Uekebai. Unitkb STATas Mabi.hk Hospital Skkvicr, JWashinoioj?, Sept 2. 1892. >

To CoUectort of Cuitomt. Mr.dieal Offlcert of iHi; Murine Hoepital Sermc'. Foreign 8leant$hip Companus, State and Local Boards ofHealth :

It having been ofBcially declared th't cholera is prevailing In vari-ous pori tuns of inbBU, Germany and Krai Cm, aud at certain ports inGreat Britahi, as well as lu Asia ; and it hariti;; oeou ma le tJ appearth It inmlKnints in luijfo number,, aiecumiui? into tbe UoUed St.iteifrom the infected districts afor.-8aid, aud that ibcv »ud tlieir personalcffeots are liable to introduce o lolera into ta« Untied ->tate8, aud thatvcssel.s 00 .veyoif? tiiPoi are ihtrocn a direct uj>-oi(Cii to the pubiiohcaltli; and it haviug bieu further «howu that under the laws of thae*iTeral 8t;it<.i* qu tr.iutine del uiions mav ue i:upo>*H(i ui,i>n thuae vaa-8el.s a suniiiont lenE'h of time ta iiMure ngninsi iUelulrorta»tion of oon-tagioui diseases, it i-. hcreoy ordered Uai no ve«.>el from auy foreign?'ort earryiOK im'ni,ir«uts 8h ill b i admitted to enter ai auy port of theJnlted State* until said vessel .'(ball h .ve undergoue 4 quai-antina de-

tention »f twent) days (UBieas such detention i^ tor'ndileu by tha lawsof tbe State or the reiruUiions m.tde thereunder), md of such greaternumber of days as may be ftred In each special case >>y the dtate aa-thiirllle.<.

This circular to take Immediate affect, azoept in oasei of veaaelsafloat at this date, which will be made tbe subj,-ct of apaolal consider-ation upon due applioation to the Uepartment.

WALTaa WrwAN.Supervising 8urge«n General United States .Marine HoapituI Serviaa.

Cbarlvs Foutkb, Secretary of thaTreasarr.Approvea, Benjamin Hakiuson.

BEtonetatglOPontmevctal gugUsU |^ews[From onr cwn oorrespondent.]

London, Saturday, Augii-t 20, 1893.

The price of silver, after rising at the beginning of the weeko S8 5-16d. per ounce, dropped back again on Thursday to

37Jgd. per oimce, and there has l)een a very geoeral fall in

silver securities : Indian rupee paper, for example, has fallen

duruig the week about 1% and Mexican sixejj about IJ^. Thebecurities of the Mexican railway comp-inies, however, aresui)poned by the new pooling arrangement. The shares ofEistern banks have likewise all dropped ; those of the Char-tered Mercantile Bank have fallen IJ^; they are £25 paid,

with a liability of £25 in case of liquidation, and they havechanged hands this week at about Z'f^, The shares of tha

360 THE CHRONICLE. [Vol. LV.

Bank of China and Japan are about %, or even under. Natur-

ally this general fall has excited a good deal of apprehension

and rumors were circulated that one of the banks had applied

to the Bank of England for assistance and had been refused.

There is absolutely no foundation for the rumor, which ap-

pears to have been invented for "bear "purposes. No appli-

cation has been made by any important institution to the

Bank of England. As a matter of course the banks are losing

through the fall in silver, but the particular institution pointed

at is not believed to be in serious danger, though the deprecia-

tion of its shares has gone so far as to alarm its depositors.

Probably some reorganization will be necessary.

The banks and discount houses are trying to raise rates, and

the discount rate in the open market has in fact been advanced

to 1 1-16 per cent. It will probably rise higher if apprehen-

sion increases ; otherwise it will be very difficult indeed to

maintain the advance, for business of all kinds is exceedingly

quiet, while the supply of unemployed money is very large.

The Bank of England holds at present not far short of 27}^

millions sterhng in gold, and its reserve considerably exceeds

17J4 millions sterling.

On the Stock Exchange business is still stagnant. But

though there is no increase in business, quotations in the

British railway market and in foreign securities are higher.

During the elections here there was a good deal of "bear"

selling of British railway stocks ; but as the public has taken

very calmly the change of government, and was prepared for

the decline in railway dividends, the " bears" are now buy-

ing back. The strength of the foreign market is almost en-

tirely derived from Paris, where the great operators are as

confident as ever, and where money is exceedingly cheap.

The Spanish loan is not yet completed, and the news from

Russia is not reassuring ; still the Paris Bourse is confident in

its own ability to maintain quotations, and the negotiations

between Russia and Germany have also strengthe'ied the Ber-

lin Bourse. Oa the Continental bourses, however, there is

veiy little more real business than in London ; the movementsare mainly]due to "bear " re-purchases, the public everywhere

acting very cautiously. Early in the week tbere was a severe

fall in Uruguayan securities, it being reported that the Gov-

ernment was in great need of a fresh loan, and that a revolu-

tionary rising was prevented only by the loyalty of the army.

The real position is not known, for exceedingly little intelli-

gence is received from Montevideo, the public here being

almost entirely dependent for its information upon private

advices. There has since been some recovery. Tnere are nofresh bank failures in Australasia ; according to the report of

the Committee of Investigation of the Mercantile Bank of

Australasia, the bank has been insolvent ever since 1889. Thedirectors obtained excessive accommodation from the inslitu.

tion, and land and finance companies promoted by one of thedirectors also got improper advances. The committee esti-

mates that a call will have to be made upon the shaieholdersfor nearly half a million sterling.

The cotton trade presents the same features noted hereto-fore. The [demand for the Far East is of course affected bythe state of the silver market, but the home trade in all its

branches continues fairly good. Tliere is no scarcity of em-ployment and no material reduction in wages.The Treasurer of Queensland, in making hij financial state-

ment on Thursday, said that the past year had been a very un-eatjifaclory one for all the Australasian Colonies. In the pastthey had [indulged in borrowing to an excessive extent. Sofar as .Queensland was concerned there was a deficit for theyear of over £200,000, and for the new year he estimates a de-ficit of £100,000, which he proposes to cover by reducingthe salaries of Members of Parliament and increasing theCustoms duties.

According to an estimate of the harvest in this country,published by one of the agricultural papers this week, out ofa total of 32.5 reports the wheat crop is an average in 124,«nder average in 163 and over average in 35 cases. Barley issaid to be, as the Times also reports, th? best crop of the yearboth the yield and the quality being good. Oats is underaverage in 138 cases, average in 120 and over average in 5icases. French reports are to the effect that the yield is turn-ing out belter than liad leen expected, and will be very littleunder average. The news from Austria-Hungary is that the•crop IS up to the average, and it is said to be likewise about

districts. The intelligence from Russia is still conflicting,

and it is impossible to form any definite judgment; all that is

known is that the harvest will be very bad in some districts

and good in others. Leaving Russia out of account, the Euro-pean harvest will probably be very nearlyyp to the average.

The wheat market continues exceedingly quiet, traders buy-ing only from hand to mouth.

The rates for money have been as follows:

Open Market Rates, Interest allowed

1

tordepositsby

Bank Bills. IVade Bills.

Joint

AStock

Disc't H'H

Three Four Six SixIhree Four At 7 to 14

3

JfontJis

%'2 -Months Months

1 ® -'m<^ -Months Months

l«a2

Mon^K-

Call. Bav«.

Jnl7 15 H H" 22 8 J<® - I ® -\m® - 1«®2 1«®2 iH<ai2n 1 H H•• Z» 2 JO- 1 @ -\lH@ - 1^(82 l>i®2 i-h»2ii 1 H H

Ang. 5 2 M.%- 1 SV4 IH9 - 1J«®2 1«®2« 2 ®2K 1 a H" la 2 1 a - IMO -2 ® - iHa2 1«®2 2«a^

2«a ^1 a H

" 19 2 v>m - iM® - 2 a - lk(3l2Ji 1H@2 1 H HThe Bank rate of discount and open market rates at the

ohief Continental cities now and for the previous three weekstiave been as follows: »•

Rate* 0/

Interest at

A\vj.19. Aug.12. Av^ i. Jull 29.

BankHate.~«~3

3

3

2H2Xi

BW6

1

OvenMarkei

IH

Uim

SH

BonkBate.

~2jr3

3

3

2«2«

6W5

i

OpenMarkei~~1«~

mSHi

iHSH

Batik

Bate.

~2ir8 '-

S

3

2«SHi ,'

6H6

OpenMarket

~h'IHIHIHm8Ui

4«SH

BankBate.

~h's

3

3

2«2«4

BH6

4

OpenMarktt

Paris 2H

IHIH

IHSH4

4«3«

Berlin

BumbureFranWortAinaterdamBrussels

3t. Petersburg.MadridCopenhagen...

The following return shows the position of the Bank of

England, the Bank rate of discount, the price of consols, &o.,ojmpared with the last three years:

1892.

Aug. 17.

£'31rOnl8tl03 26,449,930

Public deposits 4,034,263

Otber deposits 31,755,315

*OTernmen securities 11,909,391

Other securities 21,678,743

aeserve 17,331,204

Oolnand bullion 27,331,131

Prop. assets to liabilitles.per ct. 48 3-llt

Bank rate percU 2

Consols 2?i per cent 971-16Olearlng-IIcuse returns 126,474,000

1891. 1890. 1889.

Aug. y. Aug. 20. Aug. 21.

i t £ £26,810,705 21,81i,693 24.916,685

4,l»8,5S0 3.30i!,457 4 139,383

83,219,878 28 870,583 25.41.5,884

10,311,8* 15,074.237 15.372,333

28,394,416 21,383,511 19,955,663

17.020 .« 38 14,237,487 12,395,277

86,781,013 22.663.18J 21,111,903

i'oH 43 11 13 n«2H »4

90 1-16 90 5-16 oas-135,866,000 137,723,000 is 5.773,000

•Aug. 21.

Messrs. Pixley & Abell write as follows under date of

August 18

:

Gold has been lu considerable demand since ^ast week, cbiefly forAustria, and there has also been some Inquiry for United States (foldcoin. Since the lltli last, the Bank has received' ies 19.000, of whlcli*150,000 came from Australia and £110,000 from Lisbon. Arrivals:West Indies, *2,500; South Africa, «60,000; New Yorlf, £12,O00.Shipments: To Bombay, £20,000.Silver, after a sudden recovery to 38 5-16d., has slvon way on ac-

count of the unsatisfactory India Council Allotment, and closes veryweak to-day at ST'sA. Arrivals: West Indies, £35.000; Now York,£20,000. Shipments: To Bombay, August 12, £105,000.Mexican Dollars—These coin have been in decided request, and to-

day have been sold for the East at ST'sd-, a difference of oulj >4'1. belowbar sliver.

The quotations for bullion are reported as follows:

GOLD.London Standard.

Bar gold, fine oz.

Bar gold, coutain'g

SOdwts. silver. .oz.

Span, doubloons.oz.8.Am.doubloons.oz

.

Aug. 18. Aug 11.

s. d. s. d.

77 9M 77 OH

77 »H 77 9«73 9H 73 6M

SILVER.London Standard.

Bar silver oz.

Bar silver, contain-

ing 5 grs. gold, oz.

Cakesilver oz.

Mexican dols.oz

Am. 18.

d.

STyi

am40M

Aug. 11

SSXi

38^41;^

The following shows the imports of cereal produce into the

United Kingdom during the fifty weeks of the season

compared with previous seasons:

imtobt;,1890-91.

56,174.47016,001.56415,338,3091,866,5968,256,163

29,239,29015,230,093

1891-92Importsof wheat.owt,67.009,929Barley 10,109,657Oats 14,530,707Peas 2,671,428Beans 4,038,306Indian corn 29,393,400Plour 19,158,751

1889-90.55,559.75-514,185,68612,465,4711,736,0983.430.051

41,726,88116,046,121

1888-89.57,343,17918,443,60410,376.8122,231.S213,031.613

31,408,03313,981,701

an averace in n-rmnnr- Wnlin^j „_j t. i, imports oi uour 19,158,751 13.230,093 16,040,125 ._,-,.,,

_...-""-__, .^'. *°" ^""^ Belgmm. In Spain Sales of home-grown.30;767;279 33,521,707 44,270,400 35.421,539

Supplies available for consumption (exclusive of stocks on

September 1):

1891-92, 1890-91. 1889-90. 1888-89.Wheat owt. 67,009,929 56,174,470 55,559,755 57,543,li9Imports of flour 19,158,751 15.230,093 16,040,125 13,9Sl,701

much damage has been done by excessive drought in many I Total 116,935,959 104,926,270 115,876,280 106,94e,4C9|

September 8, 1803.] THE CHRONICLE 861

1891-02.

A»er. rT\ce wheat weok.2as. lid.

ATerami jirlce, »«aiion . .33». OL

1890-01.sn*. 8(1.

3.jn. 2(1.

1889-00. 1888-89.3(U. rtd. 30(1. On.

tvera^o jinco, 8*iai*w"--»'*>0' "'*• «"-•. -'* oOs. 11(1. 30-4. 9 1.

The following shows the quantities of wheat, flour ai;<J

maize afloat to the United Kingdom:Thif wfek. La»l week.

Wh»at qm. 1,867,000 1.864.000riour, equal to qr». 267.000 ^l-J.WOMalio qra. 580,000 615,000

1891.1,778.000171.0003 tO.OOO

1890.2,1(!7,0002(IH.0O0721,000

EaxlUb Ptaanslal <I*rlceta-Pdr Cable.

The daily olosini? quotations for securities, &c., at Londonare reported br cable as follows for the week endinn Sept. 2 :

London. Sat.

BUver, per o« d ...

ODDRols.new,2^perots. ...

do foracoouutIVch rentes (In Farl»)fr. 99-

U. B. 4sof 1907 1

Can»<Ilan PaoifloOblr. Mil. <<E at. Paul....niln»is CentralLake ShoreLouisville & Nashville..Hextt'un Central 4sH. Y. Central Jk HudRon,ir. Y. Lake Krie cbWest'D

do 2d consIforfolkA Western, pret.

Ho-tliern Paclflo pref...PenuHjlvanlarhlladelphlaA Keading.Dnlon PaclUowaba»U pief

Jfoti.

52 >s

nM&»&oa

n '

n

39>897-',«

97»j«99-9512190 °»

85lOlHi138708869 >e

115>428

107»«44>4573855^829'a40 '8

26

Tue».

38976,897»8

99-82 >t

12190^88538lom137\69^6038115

7=8107 >a4457ie55 '82918395»26 >8

Wed. THuri.

381807 >a979,8

09-9012190<«85 >4

101>«137»970>869^811527's1074457^855 '829'439=826>8

FH.

x97'»,8z96^100-3512190>483''8

101k136%6998

113\27106\424t5638502938%25>»

3Sia9611,89611,,

10()5i1219083

I00>a13568^868 'a

112>427%106>441%56 >4

55%28%38%24>«

Imports and Exports for the Week.—The following are

the imports at New York for the week ending (for dry good.s)

Aug. 2') and for the week ending (for general merchandise)Aug. 26 ; also totals since the beginning of the flrst week in

January.rOBBIQH IMPOBTS AT ITBW TOBK.

for Week. 1889.

Dry Goods8«n'l mer'dlso.

TotalBinee Jun. 1.

Dry GoodsOen'l mer'dlsB.

Tbtal 34 week*.

$2,528,9507,898,020

$10,426,979

$90,142,928239,671,036

$329.8 13.964

1890. J891. 1892.

$2,159,.'i56

5,390,792

$7,550,348

$104,087,200250,902,915

«354.990.115

$2,323,3756,438,6al

$8,762,066

$80,110,693272,864,079

$352,974,772

$2,(188,7926,617,798

$9,306,590

$83,387,437292,784,308

$376.171.745

The imports of dry goods for one week later will b« foundin our report of the dry goods trade.

The following is a statement of the exports (exclusive of

pecie) from the port of New York to foreign ports for the

week ending August 30 and from January 1 to date

:

BXPOBT8 raoic raw roas fob thb wbbk.

1889. 1890. 1891. 1892.

Wot the week..Prev. reported.

!i;7.876,30l214,228,208

$5,555,224210,652,735

$8,609,S91223,999,665

$6,481,905253,816,459

Total 34 weeks. $222,104,509 $216,207,959 $232,609,056 $260,298,364

The following table shows the exports and imports of specit

at the port of New Y'ork for the week ending Aug. 27 andsince Jan. 1, 1892, and for the corresponding periods in ISi-l

and 1890:

XPOBTS AND DCPOBTS OV SPBOIB AT ICBW' TORK,

fioW.Exports. Imporlt.

Week. SiTiee Jan. 1. Week. Since Jan.1

ertat BritainPranoe ... ..........

$1,500,60626,000

86,203,14317,310,22824,017.3506,660,699

8,0001,100,943

10,500

$i',4"4"6.583

6,483

$32,1854,496,901914,150

West Indies ... ..... 216 004Mexico 30,248South AmericaAll other countries..

535,924173,398

Total 1892Total 1891Total 1890

$1,526,00013,210

164,702

$55,310,86374,830,26618,532,234

$8,50650,96" 1

698,107

$6,428,8103,007,8056,515,064

Silver,Xxportt. Imports.

Week. Since Jan. 1. Week. Since /«n.l.

Sreat Britain $629,150

7,7i2'5

$12,226,390523,139

1,300932,74238,215

529,22722,759

$2',6'6i

"'"'882

371

»2t,014335,737

Oennany ...•••...... 91,255293,856109,939

South AmericaAll other countries..

431.82857,251

Total 1892Total 1891Total 1890

$636,875209.31915,009

$14,273,77210,416,58312,825,741

$3,31740,825

203,247

$1,340,8801,387,3774,089,457

previous returns we obtain the flgurea for previous monthf,and in that manner complete the statement for the eightmonths of the calendar years 180'3 and 1891.

BBGKIITS (OOOs omitted).

18M. INI.

Om- InUr-ls.m.

ViM'l lotaL Out- InUr-t YuS-lJKUeU JottLtomt. Rn'tu Fund. S'ren

~r'tome. lUv'w Fund. 5'rcM

* I %

Jan 17,.-)»I 11.81I 1S9 2,188 81.890 88,077 11,886 848 8,808 tnjm.

Feb.... l«,7»« la.iw S7 1,787 80,768 18.9M 9,480 838 788 88311

Uarcb.. 16,416 i«a34 818 I,V88 30.04 • 18378 11,807 881 8.447> r«41«ApnI... 18.831 19,483 417 8.401 88,074 u.oas 18,888 861 8,1»7[ 8T.iilO

Mar.... 18,1*S 18,000 270 8.0ft7 ss,4e» 11.816 11,879 188 8389 87. .tS

June... M.eiH 14.780 861 1,M0 31,818 14,168 18,787 80 3,7M' M.-'t*

Julj.... I7.a08 U,8tl« 257 2.843 34,671 16.468 14,658 142 4,188 W :.0O

Aw... I8.a7i 14.083 551 1,144 84,03.'< J5.166 18,60 J 111 1,107, 2«,S8»

8 mo(. 187 ,«8- 10B,41B 8.187 U.S68 848.T9I 1SS.81S B7.7l7i 8.087 2O.S90 846319

DISBDB8BMINTS (OOOS Omitted).

1802. 1891.

OnM- P«n- rn-W.Wt.««J'p. Total. Ordi- Pm- In- Hai'p.

e«rMt Pund.letai.

narii. •iotu. Ure»t. Fund. narv. tioiu.

% ( t 1 * t * »1 » «

Jan 16,980 10,522 6,678 1,438 88.663; •17,58S \SXO 8.851 1 8,462 *3,86I

r«b.... 18,637 ll,56;i 761 1.619 37,432 11.77" 17,810 860, 2378 31,720

Uarch.. 14.5S7' 18,414 248 1.2)6 29,423 18,8H 831S 702{ 2.440 81,481

April... 15,688 12,705' 1,786 1,038 81,08S 21,17i 264 2,855 1.540 86381

Mnj.... 14 751 1J,903 4.07.1 1.023 82,755 18,760 8,521 738 2,082 30,09»

June... 15,618 18,123 888 1,018 28,911 14,188 18,721 719 2,876 88,908

JnlT.... 16,081 14.935 7.048 918 37,24tf 81,614 18,663 2,S8S 1.68C 89,7e»

Aog...

8 mo».

17,632| 13,478' 330 641 .18,081 18,874 8.084 468 1.801 20,738

123,709 100.846 21.1»l! 8.-'4S'a)4.0»ll ll37.8(p;i 74.l7l'll.016'l5.8r8 as'-.o 7

* Inclades 889.881 dlibarsed for premiums.

Coinage bi United States Mints.— The following sta'c

(nent, kindly furnished us by the Director of the Mint, 8ho'< sthe coinage at the Mints of the United States during the moE hof August, 1892, and the eight months of the year.

Of. the above imports for the week in 1892 $1,140 wereAmerican gold coin and $25 American silver coin. Of th«exports during the same time $1,526,000 were American goldcom and $1,000 were American silver coin.

Government Revknuk and Expenditdhes.—Through thecourtesy of the Secretary of the Treasury, we are enabled toplace before our readers to day the details of Governmentreceipts and disbursements for the month of Aug. From

Denomination.Aug. 8 Mouths of 18 2.

Pieces. Value. Pieces.|

V'lJii*.

Double eaglesEagles

107,00049,180

190,000

$2,140,000491.800950,000

620,133!l2 402,760870,220 f'-,702,200

Half eagles.... . . 1,022,399 5,111,995Three dollarsuuurter eaglesDollars.... ..........

ei ""ilw

346, IE

550,000101,440568,000370,000

3,58l,S00

550,00060,720142,00037,000

2,512,821

3,422,9051,996,0237,621,074

11,154,391

26,217.115

3,4,22,095998,011

1,906,2691,115,439

Standard dollarsHalf dollars ,.

Quarter dollarsDimes...............

Total silver

Five cents ..........

1,589,440

384,000

4,6'30",006

779,720

19,200

"ie.so'o

24,194,483

7,239,192

22,0'69',3'8'2

7,441,714

361,960Tliree cents..........

220,694

Total minor 5,014,000 65,500 29,308,574 582,654

Total oolnaee 6.949,620l 4,427,020 56,015,87b 34,211,483

Ohangbs in Legal Tenders and National Bank Notes toSept, 1.—The Comptroller of the Currency has furnishedus the following, showing the amounts of national banknotes August 1, together with the amounts outstanding Sept.1, and the increase or decrease during the month ; also thechanges in legal tenders held for the redemption of banknotes up to Sept. 1 :

Motional Bank Notes—Amount outstanding Aug. 1, 1893.,Amount Issued during Aug

,

Amount retired during Aug

Amotmt outstanding Sept. ', 1892*,

Legal Tender Ifotes—Amount on deposit to redeem national banknotes Auir. 1, 1892

Amount deposited during AugAmount rel88ued<& b'ok notes retlr'd lu Aug.

Amount on deposit to redeem national banknotes Sept. 1, 1892

$891,370762,101

$553,87075-.«,174

$172,420,5<1

129,266

$172,5 9,927

$26,288,008

1; 8,SM

$26,039,7fl«

* Clroolation ot national gold banks, not iaolnded above, $106,602,

According to the above the amount of legal tenders ondeposit Sept. 1 with the Treasurer of the United States toredeem national bank notes was $28,089,794. The portion ofthis deposit made (1) by banks l)ecoming insolvent, (2) bybanks guing into voluntary liquidation, and (3) by banks re-ducing or retiring their circulation, was as follows on the first

of each of the last five months :

Deposits by— May 1. June I

.

July I. Jiui/ustV 8*pl. 1.

[nsolvt bks..Uciaid'gbks..Bed'o'g undr.Mt of '74..'

791,9615,156,022

22,463,904

740.6445,172,346

21,796,504

$757,794

5.062,312

21,072,509

777.8085,027,885

20,482,315

008.7868,086,675

20,094,333

Total 28,411,887 27,709,494 26,802,615 2R.288,09'i 26,0<:V0'' Act Of Jane 20. 1874, and July IS, 1883

^62 THE CHRONICLE. [Vol LV.

Bonds Held by National Banks.—The foUowing interest-

ing statement, fiunished by the Comptroller of the Currency,

shows the amount of each class of bonds held against national

bank circulation and to secure public moneys in national bank

depositaries on Aug. 81. We gave the statement for July

in Chronicle of Aug. 6, page 304, and by referring to that the

changes made during the month can be seen.

V. 8. BmuUHeld Aug. 31, 1892, to Seeure-

>V9$eHpti(m of Bonds.Pubtie DeposiU

in Bankt.

BankCirculation.

Total Held.

'OIIZT6BOT 68............. $1,116,000

12,713,000

1,553,000

$11,786,000130,175,700

22,030,350

$12,902,000

142,888.700

S per cents 23,(03,350

Total $15,382,000 $164,01?,050 $17P,394,050

Ejoports of Bkeadstuffs for July, 1893.—The fol-

lowing, made up from the statement issued by the Bureau of

Statistic?, shows the exports of domestic breadstuffs from the

under-mentioned customs districts of the United States for

(he month of July in 1893 and in 1891.

BreaiiUift Bxporf;.

J uly.

JIartov. tnuK-flaw YorkBwtODPhUadelphlBBaltimoreM«fr Orleans

i.<mt. diats.*..rOUB.dlBtlB.f..

VoWUlMrler0»m,fe<uh.

Hair YorkSoitoaPbUsdelphiaBaltimoreMew OrleansPee. cast, dists.*.

,

Other oos. dlsts.'f .

,

Total, ooro.. .

Oorrifmedl. bbU.UewYorkBostonPUIadelpblaBaltimoreHew OrleansPoc. cust. dists.*,,Other ous. diBts.t.

,

Yotal, eorn-meal .

,

tjOatt. bush.Mew YorkSostonPhiladelphia.BaltimoreXTewOrleansVac. oust, dists.*.

,

Vthar cas. dlsts.^.

Total, oatsOatmeal, Us.owYork'BostonJPhUadalphla.Baltimore5ew Orleans ,,

Vac. cust, di»ts,*.,Other cas.diats.t..

1892.

Qu'ntitie) VcUw.

108,894

665,0882l7,t08837,ai3311,0t'5UU,4MW.44i)

161,675

3,812,621

19,4»8,tli0

7158,909

7

1,406

2»,714

163,7669t!

4.405l.Olt

1891.

Qu,'ntitia Valut.

53,701

83.701

821,0781 20.1584Ui!,030lb0,3^2Bf,6807,992

77,947

1,239,340

49,0198,2412,8008,7»J

S.SIS

72,89;

87,32469

Total, oatmeal,,..Bye.buah.

MewiforkAoeton.PhUadelphlaBaltimore<few OrleansJ*ac. cust. dists.'.,XHhercus.disu.f.,

jrotal.rreWheat, busk.

low YorkVofltonfkiladelpbla.wMlmoreBow Orleans,.....,.rae. cnst. dlste.*...4>tl>er oas.di8t8.t...

Votal, wheatWluatrJIour, bbU

How YorkBoston»hUadelphlaBaltimoreNew Orleans.Pac onst. dists.*. , .

.

Other cas.dlsts.f . ...

Vot„wheat-floar.,

168,775

308.75^99,»in66.02462.740

1242,000

70,2£0

509,490

61,624

69.600

40,518

120120

2,0>5360

70,06f

4,844l,99z1.9861,881

667

1.766

264,166

1,521.072410.1^23134,300397.604125,85224.440

442.727

8.C59,llt-

14,0167,061

1,3336

1,579

24,025

13,«69236

4432

2,3234,070

20,731

29,30048H,90u

12,640

44,438

181,642

8,768.860472,541504,739

1,138.193S11.18U

1.022.704608,950

_IbtaJs.'dIowYorkBostonVtUadelphla.alMmoreJbw Orleans*a«. cost, dists.*4>tb«r cos.dlsts.t

Grand total.

7,828,166

417,092198,33.'<

152,622271,96919,52898,79178,999

1.227,824

128,631

3,431,95341a,777433,082947,764302,777844.884512,474

6,885,111

1.897.395936,740752,91-9

1,892,68194,079

399,l!09

832,519

8,806,612

6,815,4491,480,5661,683,4862,581,484466,a«'J

1,' 117,938962.869

164,333

1,060,678247,52092,281

372.00292,02328,426

269.584

2,052,494

53,56721.119

4,35222

3.283

82,343

6.865138

2254

1,8631.374

9,896

70019,477

40024,800

841,1(0

25,756

92,477117,669

235,902

3,472.26580.''.2U

376,78«1.481,»50998.717

2,618,195491,330

9,418,776

268,719115.96588.897

178,H302.044

138,39853,951

842,404

14,267,400'

21,058

16,830

73.13688,322

176,288

8,719,78872,291

2ti9.U101,512,5171,039,9912,486,353450.346

9,671,236

1,320,1576a9,300418,955937,43110,^^6

71:i,3(-4

280,584

4,301.596

6,168,688986.8457v'5,I26

2,726,3041,142,5873,468,2301.091,533

16,379,291rr^of eiporu from Paoiflo distriots for the month of July, 1892

WUui"ur&««'°".'.*-.:;;''-E§S'|nI

P°g"' S"""". Washington. .. t2,397

1 Total 11.807,938

ail^'*•*"*<"*• "o" oU'er oustomi distriots for the month of July, 189'

I88«,897IRichmond, Va 115 449

kloacoMewport News, Ya..D«lah.Minn„,;geuolt. Michigan...!;!;;!

219.828 Bra»( IB. Texas808,850 Portland, Me ....97,467

6.72516

Baroa, Mieblcan aVk^k i ,«_,—^—

;

**" 07,648 1 Total.... tfi62«3AR

^'3s-^'i;i?rS'«"sri"A»orthr«siss!' •»' ""''• ~^^^^^^

— Salt Lake City, Utah, 5 per cent public improvementbonds are offered at 103 and interest by Messrs. Blair & Co.,33 Wall Street. Particulars as to this issue of bonds wiU befound in the advertitement in State and City Department.

—Springfield, Mo., 5 per cent school bonds, principal and in-

terest payable in New York, are offered by Messrs. George A.Fernatd & Co., Boston. See advertisement in Statb andCity Department.

—The Trenton Potteries Company have just declared aquarterly dividend of 3 per cent upon their preferred stock,payable at the office of Messrs. A. M. Kidder & Co., this cityi

—Attention is called to a list of securities advertised byS. H. Barrows, 34 New Street.

R. Y. and Brooklytt (Jas Securities—Brokers' Quotations.

0A8 COMPANIES.

Brooklyn Gas-LightConsolidated GasJersey City & Hoboken..Metropolitan—BondsMutual (N, r,)Bonds, 63

Nassau (Brooklyn)Sorip

People'&/Brooklyn>. -

Bid. Ask.;

130 135118 117180107140 145100 10314510093 95

&AS COMPANIES.IBid. A<k

Williamsburg 130Bonds, 68 108

Metropolican( Brooklyn)..!Municipal—Bonds, 78 105Fulton Municipal

.

Bonds, 6s..Equitable...Bonds, 6a..

137102xl53106

111117

1401071S5

City Railroad Securities—Brokers' Quotations.

Atlantic At., B'klyn.St'k. lisGen. M., 59, 190B...A&O 100

Bl'oker St, A Ful. F. -Stk. 29Ist mort., 7e., li>00.,J.SJ 110

sr'dway jk 7thAT,-St'k.. 198l8t mort,, 68, 1904 -J&D 104admort., 58, 1914,,.J&J 104B'way let, 68, gu '24 104and 5s, int. as rent., '05. 94

Brooklyn City—Stock 195B'klyncroBst'n 6s., 1908 107

Bkn,0'yAN'u58,1938 JAJ lei'sCentral Crosstown—St'k.. !

140let mort., 69,1922.M&NillS

Cent. Pk, N,A K, Kiv,-Stk, 145Consols. 7b, 1902 ..,J&D|115

Dry Dk.E.B.A Bat'y—Stk. 115lit mort., 7», 1893..J4D 100

10330

200

ibaig

150117120101

Drr Dock K. B'y & B.—Scrip

Bifthth At.—StockEighthAt.—Scrip, 68, 191442d & Gr'nd St, P'ry— Stk,

Ist mort., 78, 1893.A&O42dSt, Manh.A 8t.N,ATe.ist mort., 6a, 1910,, MAS2d M,^ncome,68 J&J

Hon8t.w.St,A P,F'y—Stk,1st mort., 78, 1894. .JAJ

Nluih AveSejond Ave.-Stock1st mort., 5s, re09.M&N

Sixth ATe.—StockThird Are.—New stock . .

.

l8tM,, 58, 1937 JAJTwenty-third St,—Stock..Ist mort. 7s. 1893

100 102250105 109250100 10354 58111 11463 1 65

200 ..-

100 107130 1401141116insllOB196'205 212111 113250! ,

103 104

United States Sub-Treasury,—The following table showreceipts and payments at the Sub-Treasury in this city, for

sell as the balances in the same, for each day of the week.

Date.

Aug.27" 29" 30" 31

Sept. 1" 2

Total

Beceipit.

$2,441,6733.349,9513,312,5952,167,5252,258,6296,140,595

Paj/menl:

2,713,1522,556,3973,935,3222,013,7423,805,8646,169,798

19.670.9681 21,184,275

Balaneet.

Coin.

97,749,24897,762,71097,782,65097,824,12797,807.40794,973,483

Ooin Oert't. Ourremy

17,370,21117,599,65117,820,04117,830,62117,951,56818,086,212

20,055,55920,606,21119,743,15419,-44,88018,193,41820,873,496

Anctiou Sales—Among other securities the following, notregularly dealt in at the Board, were recently sold at auction.

By Messrs. R. V. Harnett « Co.:Shares.

80 Fourth Nat. Bank 20 1%20 Southern Nat. Bank loo's20 Connecticut Free Stone

Quarry Co 60

By Messrs. Adrian H. MuUer & SonShares.

5 Thurber-Whylaud Co. pf. 99'*500 Security Investment Co.,

Cawkee uitv. Kan $30 lot6 Nat. Bauk of Oommeroe. 198

200 Augusta & SummerviUeRR, CO 2 per cent

Shares.20 Bank of America 213ii150 Merchants' Nat Bank... ISO's18 N. Y. Nat. Ex. Bank 133

Shares.64 9th Ave. KK. Co 134

Bonds.$10,000 Zane3T. & Ohio Rlv.Ry. lat mort. bonds $2,000

$150 Georgia Pac, Ry. Co,cons, '^il 5s, scrip AlH

^ttttMufl and jlftttanctal.

LIBERTY NATIONAL BANK,Central BaildinK, 143 Liberty Street. New Vork.

CAPITAL, .... S.'iOCOOUI ACCOnNTS OF BANKS, BANKHBS AND MERCHANTS SOLICITED.HBNBT C. TINKER President. HKNRY QRAVHS, rtoe-Preslden

JAMBS CHRISTIE, Cashier.

DIRECTORS.HENRY C, TINKER, H. P. C. YOUNG, H. 0. PAHNESTOCK,HBNRY GRAVES, WM. KUNKLE, HON. G. A. HO BART.GKO. F. BAKER, DUMONT CLAllKB, J. A. GARLAND.J. R. MAXWELL, JNO. H. STARIN.

THE MERCANTILE NATIONAL BANKOF THE CITY OF NEW YORK,

No. 191 Broadway.Capita^ - $1,000,000 1

Surplas&Profltsi, $1,030,00 3

WILLIAM P. 8T. JOHN, President.IFRBDBRICK B. SCUBNOK, Cashier.

JAMES V, LOTT, Assistant Cashier.

ACCOUNTS SOIilCITED.

Spencer Trask & Co.,BANKERS,

10 Wall St., New York. 16 Oon'j;reas St., Ii.>»t)a

Albany. ProvtileHce.Members ufJNew York and Boston Stook Exeha'ifda.

INVESTMENT SECURITIES.

Sei'Tembkr 8, 1898.] THE CHRONICLE. 863

'ght gaukjers' ^a^jcttje.

DITIOBNDS.

!fam» of Company.

Kallruada.Atlanta A riiar. Air MnoChlo. A K. III. rrcf...«iniir.)Clilo A Nortliwi'st. iirff. (qiiar.) .

CI. Clu. ch. Ji .St.. I,.. |iref. (quar.)Coii.A .M ,il«»K lf.,B.C.&M (uew)roiiiioslloiii KiviT (quar )

Dvl. .V IIikI. Ciiiial (quar.)I.ittl(< Miami (qiiur.i

Kullnnil iirpf. Ou sdvauos)

West Jpri<("r.

ChlcaRO Ota.

Bookt Cloud.(Day inelutift.)

Aug. 30 to Bapt. 7Sept. 11 to Oot. »Sept. 6 to Sept. '2\i

Sopt. 11 to Oot. 2

l.'i'Sept. 1 to Port. I.')

10 Auk. 31 to Sept. 11'931 to•03' to1!> to21 Sept. 9 to Sept. 2i

WAM. t^TKEBT, FRIDAY, SBPTE.HBER 3, 189-1-5 P. M.

The MoneT Market and Financlnl Situation.—The cholera

facta and fancies in Europe and in this country have had some

little effect upon the markets this week. Among other re-

sults is that of causing the sale of stocks here for foreign ac-

count, as usually happens whenever there is any prospect of

calamity abroad, since the easiest way of getting a supply of

gold quickly and at least expense is by selling securities in the

New York market.

The Texas railroad decision and the New Jersey Chancellor's

decision against the Reading combination in New Jersey have

both been obeyed, and as a result of the latter the Central of

New Jersey has gone back to its own managers. The opinion

of Chancellor McGill goes quite fully into the Port Reading

Railroad question, and holds that the lease of the Central

Road to that company with a guarantee of the lease by

the Philadelphia & Heading was in truth a lease t >

the latter company, and that the New Jersey law for-

bidding leases to foreign corporations cannot be evaded

by a matter of form in organizing a company und< r

the laws of that State to take the lease and holdit. The parties interested in the combination have stated,

howevtr, that the breaking of this lease wUl ha^e no effect

on the practical working of the companies in harmony.In the meantime the Reading system is broadening greatly,

and new routes for its coal have been opened via the Pough-keepsie Bridge, over the Lehigh Valley road to Buffaloand by the Lake steamers, and over the Harrisburg connec-tion with the Western Maryland and the Balto. & Ohio roads.

The gold situation and the movement in securities are cer-

tainly not very satisfactorv at this late date in the season, andthe depressed condition of affairs abroad and our own silver

inflation must be held chiefly responsible for ihU.The open market rates for call loans during the week on

iStock and bond collaterals have ranged from 2 to 6 per cent,

the average being 3',^ per cent. To-day rates on call were3 to -t per cent. Commercial paper is quoted at il-i®^i% P- c.

"The Bank of England weekly statement on Thursday showedan increase in bullion of £1.59,000, and the percentage of re-

serve to Uabilities was 50-6.5, against 50-19 last week; the dis-

count rate remains unchanged at 2 per cent. The Bank of

France shows a decrease of 3,425,000 francs in gold and700,000 francs in silver.

The New York Clearing-House banks in their statement ofAugust 27 showed a decrease in the reserve held of $4,323,70)and a surplus over the required reserve of |9,887,875, against$12,378,875 the previous week.

1892.A.ug. 27.

CapitalBarplnaLoans and dlsc'taClroolatlonNetdepoeltsSpecieI>egal tenders

Beaerve heldLegal reserve

fiorplns reserve.

«60.422,67.3il0,

490.(ii>7,

a,3S4,517,081,81,789,57,388,

139,158,129.270,

Differtn'tfrom 1891 1890Prev. week. August 29. AugunI 30.

700,500,700 Der.l,,000 Ueo.,300 ncc.7,,300 I)ee.4,,900 luo

.

200325

Dco.4Doo.l

3S6.600112.400330,800,3-29,0001

1,300

,323,70ol,8a2,700

60,772,70064.147,800

397,3*7,3005,103.500

403, 103.90060.4ilG,90053,121,900[

113.618,800'100,350,9751

60,812,7005!t,lH7,lOO

392,516,4 003.652,300

335,11^,5 006l»,5t»5,t:0026,15.'>,lOO

95,750,70006,J87.375

9.887,875 Dec.2.191.000l 12,767.825 Df.536,675

Foreign Exchange.—The market for sterling bills hasbeen decidedly stronger this week, owing to a better demandand a moderate supply of commercial. Purchases by arbitragehouses against the sale of stocks for foreign account have beenamong the influences that strengthened prices. Exports ofgold (all by to-morrow's steamers) amount to |-J, 600,1)00.

Actual rates for exchange are: Bankers' sixty-days sterimg,4 86?4(^4 87 ; demand, 4 88@4 m\i ; cables, 4 88>^.^4 m^.

Pouted rates of leading bankers are as follows:

Septfmber 2.

• P.iisel>aQkcri>' sterling bllla on London.

.

Prime comntercluDjoamentarycommf-rclalPatIs bankers (fr»f, .-,

Amsterdam (ri ,) bi.iikers...I. ..!....Tfankfoitor Ij., , »;.{relohmart»)b'aker»

Sixty Day:

4 87i«1 80 94 anH1 85>4a« 85%B I'-sAS lti'8

101,g» 40ie»6'8» 95S

Dtmatut.

ISO

6 \!i't,*6 1510>4lll0>i«9&1i*9S*l

The following were the rates of domeitio ezohange on S«w7ork at the undermentioned oitiea to-day: Savannah, buyiac,f)ar;

sellini; ^'i^V^ premium; Charletton, buvin< pir, aell-ng l-10@i^ premium; New Orleans, bank, |1 00 per 11,000premium, commercial, 25c. premium ; 8t. Louis, pir to 3^c.per f 1,000 discoimt ; Chicago, 70c. per $1,000 diicount.

United States Bonds.—Quotations are as follows

:

2s reg.Is, 1907 reg.Is, 1907 coup.6b, cur'ov,'95 reg.6», cur'cy,'96 reg.68, our'ov,'97 reg.6s, our'or,'98 reg.6a, oiir'ay,'99— reg.

IntereitPeriodi

Aug. Aug.27. 29.

Aug. Aug,30. 31.

-Mob. '100 1*100 '100i.-J»n.'115>«*115'«'115>«l.-Jan. *U5»a -US'* •llS'n,

Sent.

A J.

J. A J.J. A J.

J. Jt J.J. A J.

107 "107 '107lOg'i'lOOia'loO'a!•1121a *112-«*112'a•115>i*115'a,m5>a•118 1^118 1*118

•100 'lOO *100•iii>**iim^iii\•11511 •llS'a 115*1•107 -107 •lO?•lOOWi^lOBia •log's•11211 •112i9''112«t•1151a 'US'* *115>t•118 1*118 1*118

T

"Cbisls tbeprloebld attbe morning board; no taU was made.

Coins.—The following are the current quotations in gold forvarious coins:

flnesllver bars.. 83<49 —81Sovereigns $186 '09190Napoleons 3 85 9 3 90XXRelohmarks. 1 71 9 1 8025 Pesetas 175 '• 185Span. Doubloons. 15 50 915 70Mex. Doubloons. 16 50 «15 70Fine gold bars. par 9H prem.

Fivefia.i08 —90 a —95Mexican dollars.. — 66 « — 67Do unoommoro'l — — 9 — —

Peruvian sols .—60 •» — 62English silver.... 180 • 4 90lU.S.tradedoUara — 70 •

SoTernment Purchases of Silver.-The following showsthe amount of silver purchased in September by the Govern-ment to date.

Oiinetsoffered.

Ouneeipurchased. Prtce paid.

Previously roportocl...I,d73,000 815,006

$ « $86pteiiiber 2 $0-8364 -a) aO'8365

1 a ,.'« 7 !i a !i

*IjOoal Duroliasos. .......... ! ( -91 1

*Total In montb to date .

.

1,073,000 315,000 $0-8364 » $0-8365

*Tbe local purobaaes ot each week are not reported tUl Monday ofthe followluK week.

State and Railroad Bonds.—Sales of State bonds at theBoard have included only |5,O0OJ Tenn. Settle. 33 at 75Ji;$1,000 Ala. class A at 101.

Railroad bonds have been more active on some issues, owingpartly to the same causes that have affected the stock market.On a few popular bonds also the interest fell due September 1,

and after payment the prices declined more than the amountof the coupon, when tho whole market weakened; amongthese were Atchison incomes and Hocking Valley fives. TheReading preferred income bonds have declined in companywith the stock, in consequence partly of the New Jerseydecision, and also because the July earnings were less favor-able than some had expected. The Louisville St. Louis &Texas bonds have sold freely and close at 96%, a new consoli-

dated mortgage having been authorized, the Ontario &Western refunding 4s have sold well and close at 83. Priceson the general list of bonds that are usually active have notweakened much in sympathy with stocks, and there is little

doubt that these securities as a class will be fortified by thedecision in the Texas Railroad Commissioners' suits if thatdecision is upheld by tbe U. S. Supreme Court. The railroadshaving generally promised to pay gold interest on their bondswould under this interpretation of law be enabled to makerates which would permit them to earn and pay such in-

terest in case of a silver currency in the future.

Railroad and Miscellaneoas Stocks.—Tlie stock markethas bad quite a shaking up this week, with a sharp de-cline in some of those specialties that had been most stronglypushed upward. There had been reports for several days oflarge sales by a lea<Jing operator who has recently figuredquite prominently in bulling certain stocks, and then camethe cholera scare on Wednesday afternoon, followedby quite a break in stocks on that day and Thursday, Butthe bear attacks based on these matters developed rather aninflated condition of the market in some quarters, with appar-ently slender margins, which were easily exhausted on amo<lerate decline in prices. Today stocks were generallystronger in the morning and a part of Thursday's loss wasrecovered, but the strength was not maintained, and Readingstock and bonds were especial Ij weak in the afternoon on theprospect of a war in coal freight rates.

The industrial stocks fell off easily when the market weak-ened, and American Sugar declined to 106i.<, General Electric

to 108»^, National Lead to 3»Js, preferred to 90. AmericanCotton Oil to 40»,^, Western Union Telegraph to 93?^; NewYork & New England, which ha<l been recently one of theweakest railroad jtocks, held up better than others, and therehas evidently been good buying of this stock, probably on abelief that it has gone low enough, though the report of aReading combination is denied. The granger stocks are fav-

ored by the wheat yield in Kansas and some other States, buttheir prospects for corn traffic out of this year's crop must yetdepend to some extent on the date of the first killing frost.

Colorado Coal has not held it-? pxtreme advance made after

consolidation was agreed to, and the Qjuld Southwesternroads have also lost something of the rise obtained in the first

flush of th» Texas decision. I'he Central of New Jertey roaUhas gone back to its own managers, and the stock closes at136>^, against 135V last week.

364 THE CHRONICLE. I I

Vol. LV.

NEW YORK STOCK EXCHANGE—^CriT^ STOCKS for loeek ending SEPTEMBER 2, and since JAX 1, 1892,

HIGHEST AND LOWBST PBIOE3.

Baturdar,Aug. 27.

88^ 39i«*4 597 97>4-8838 89k•58% 59h135 I3514*29ia 30>«23>s 23^•62 ij 63*43 45145 15010114 lom*60 6299>9 991a8218 821s

*126 127116% 117

81% 821452 5211

*120 121i»«5»8 66•98 993416 3418*76is ''71*

*137i4l38i4157 157»i.16 1649>4 4914*4ia 5

*33 36'lOis 12

*138 142•140 115981s 981**1242

Monday,Aug. 29.

121s42

•23^8 2414*75ia 7613d 135

68=8 692518 25ifl

*21ifl 23135 135

15% 1639 4241538 153b•27 27H60% 611^-35i« 3985 90112 112%•I7I4 I9IH*72 80*35ifl 392718 2V38*66 67 In

32% 335„249 io219 1915% 15%67 67

•llifl 12'42% 43111*20ia 2U455% 56*21i4 22*29 327714 771s

1858 IHSr5738 bS•21 22 Si

*63 65*37i« 40

H5r 937 37

-70 7214mils 113

914 91418=8 18-V

*115l386 14*ll2847

11630iaIII42847

38>a 3914*4 597i« 971488% 88%58 59133 134*29is 30i«23% 23%•62% 631**42is 431*'147 15110058 10158•60 6299I4 9914821s 83ie

126 127116%117i4143 1438lis 821452 52I4

120 1211s661s 661s9914 991432% 33%761s 76i«

1361s 1301s157 158'16 1748% 48%

Tuesday,Aug. 30.

3858 39*496''

596''8

»4i

•33•lOis 12138 142

536

140•9912'41

140%9914124318

23% 23%•7513 75'^134 1341s110 111GT'a 6925% 251s•22 23135 1351051s 108i«16 16411s1527601s 6118'351s 39•83% 90112 1121a17I4 I714•72•351s26% 27%64I4 651a32'e 34219 25119 19181514 15%6714 6714•11 12•42% 43%2034 20%55^8 56 14•2II4 22•29 32•75 80•23 2517135611 57 Tg

'il 22%63'37%8%

13408%

41

38%BO 1

3S)l8

19 19*11 11%*25 25''»

28 14 283870 70%*ld 17

45 4538•81 82%111 1125HIO3I4 104%|8258 8337% 38117% 1183848% 49

115%116i4130% 130°e121 121%44% 4597 983% 13%

* 2533 33

•n97 199831a 8i38*31 35%

*.....• 100 <

97% 98%

1139I4

18%43%106II51436%1127%508339%191125%28%7017%

111%•8%

•1842

103II5I436%1127 14

3858•18141125%28%70•16%

45% 45%81 81%

11138 112%104 104%8258 03%3758 38%

11838 118'848=8 4878115% lltfi413078 13l3e120% 121%43% 44%95% 9638135g 13%20 2429% 32%54% 6538197% 197%83 83%35 35

' 1009758 98%|

88% 88%58 58132% 133''8

30 302353 23%•62% 63%•43 44>147 151100% 101%•60 6299% 99%82'8 83%126 126%116%H7143 1438138 8252 52%120 12266 66

32% 32\•76 78137 137156% 157%

50 504% 4%

•33 36•10% 12

140£912

•4123%76

131

14199124321147134%

'110 11168% 685^25% 25%•21% 23135 135%107 109•16 1842% 433814% 14%27% 27%6038 61•35%•85112% 112%17% 19•72 80•35 392658 27%

33% 35249 25218''8 1915% 15%67 6711% 11%•42% 43%20% 20%65=8 6621% 21%•2975

3278

'17 185638 57=8•21 22%'63 68•37% 408% 9

•37 41

70%111%8%17%•43103114%369'8

26%

38=8191125%2869%16%

4580

Ill's105%82%3758

llS's4838116%ISO's120%433895%13%'2030%

72%1138%17%45106114%36%10082865853878191125%28%7016%

455e81

11258105%8339%

119394878116%131%120%44%9613%2481%

Wednesday,Aug. 31.

37% 38%•4 596% 96''8

•88 8958 6838

132 132%29% 29%23% 23''s•62% 6343 45

100% 101•60 6299% 99%82 H3%

126 126115% llb'e

Thursday,Sept. 1.

36%•4%95•87%56%130

37''e4%968958131%

80% 81%5c6a 52120 12064% 65%

3233 331s76 76

'136% 138155% 156%•16 17•49 50•4% 5

•33 36•10% 12'138 142'140 141•99 99%ll's 1243 4323% 23%74% 75%133 1S3%'110 11167% 68%25% 25%•21% 23131% 135107 10717 1743% 4138•15 15%25% 27%59% CO'^e•35% 3986 901H%11217% 17%•72•35

8039

26% 26''b•64 6534% 35%

18%14'860%•11•42%20%5521•29•7523%1756%-21•63•37%8%39%

1915%66%1243%20%65%21327823%1857%22%6540858

40

19783%34%

"97%

19983%34^10098%,

70%•111%

8%1843103113%35%9%

2558

3758•18%11243827%67^816

72%113

83818%45106114%35%10%27558538%19%112527%69%17

43% 45=87968 81%112% 114%104% 105%8158 82783838 39%116% 117%47% 4858112% 115%129% 131%119% 12142% 44%

29% 30%22 23%'62 6242 44148 14898% 100%•6097% 9880 82124% 125114 115%

Frlilay,Sejit. 2.

3658 37%•4 595=8 95%•67% 8956% 57126% 130%28 2822% 236212

STOCKS.

79''8 80%48% 60118 118%62% 64

30% 32%71 74132 132153% 155%

48 48%4% 4%

•30 38•10 11133 112138 14298% 99

1142%23%73%

11•392272130% 133109 10966% 67%20% 2521% 21%

128 132%104% 105•:6 1842 4214% 15%

25%sa'i3690

25%57=635%•85109% 111%17 175972 8034 3525% 26%62% 63%33% 34%

249 25218 18'

13% 14''8

63•11415819%54%•20%2878

66124220%55%21%28''8

201755%•2163•37%8%

•37

23%1756''6

22%63408%

41

111 1138 816% 1678•40% 43'103 105113% 113%33 35%878 9%

2478•47

"367816%10%23%26%67%•16

25%5585377,1710%24%27%6817

9413'20

95%13%24

31% 32%54% 55%

196 196•33% 83%34% 34%

ICO96% 9778

42%79

40%77106% 111%102% 10480% 81%36 38115 11647 47%108% 13%127% 129%114 119

9012%203055

1928333%

91%1323%31%5559

19483%34 I

, 100

18%1464114119%54%•20%•2873•20•16%5378'2060%37%8%

•37

111 113•8 8%16% 17•43 45103 105%113% 11435% 35%9%

•24%

Balesof theWeek,Shares.

3,405200

5,5658,050270

6,335

Range of sales in 1892,

Lowest.

37%17%10%23%25%65%16

41%78 78%108 109%102% 103% Do pret.60% 8158 Chicago Gas Co., trust rec't9.36% 37%|Colorado Coal & Iron115 117% Consolidated Ga« Co47 48%!Dlstillliig & Cattle Feed'gCo.

109'8 111%, General Electric Co129% 152 National Cordage Co116 118% s)o met.39% 41 National Lead Co90% 92%l Do pref.1273 13 North American Co•19 23 Oregon Improyement Co30% 30'8 Pacilio Mail53% 55% Pipe Lino Certificates^

193 194 Pullman Palace Car Co83% 8358 Silver Bullion Certificates....

-.33 33 Tennessee Coal & Iron100 Do pref.

1048

181424

Active RR. Stocks.Atchison Top. & Santa Fe 76,11';Atlantic & PacificBaltimore & OhioCanadian PacificCanada SouthernCentral of New JerseyCentral PacificChesapeake & O., vot. tr. cert.

63 Do do l8t pref44 Do do 2d pref

CMcago&Alton 10099 % 9978 Chicago Burlington A Quincy. 72,005-60 6 1% Chicago & Eastern Illinois. . .

.

98% 98% Do pref. 1,26080% 81% ChicagoMilwaukee* St. Paul. 131,465

125 125 Do pref. 1,495114% 115% Chicago & Northwestern 12,995

Do pref. 7080% 81 ChicagoRocklsland&Paciflc. 40.55143 % 50 Chicago St. Paul Minn. & Om. 15,635118 118 Do pref. 65063 63% Cleve.CincIn. Chio.&St. L... 9,230

Do pref. 1031 31% Colnmhus HockingVal.&Tol. 6,81574% 74% Db prof. 400129 131% Delaware* Hudson 3 24815178 155 DelawareLackawanna&West 15,700•15% 16% Denver* Rio Grande 10048 48 Do pref. 1,396•I 5 EastTennessee Va. &Ga 207

•30 36 Do Istpref8 10 Do 2d pref. 59

Evansvllle ATerre Haute'U-8 142 Great Northern, pref,99% 99%IUlnoisCentral10% 11 Iowa Central40 40 Do pref.22 22% Lake Erie* Western ,

74% 74% Do pref.131% 132 LakeShore A Mich. Southern10s% 109% Long Island60 67% Louisville & Nashville22% 24 Louisv. New Alb. & Chicago.•21 23 Louisville St. Louis & Texas .

129 131% Mauhattan Elavated.consol..103 105% Michigan CenlJ^*15% 17 Minneapolis iSflK. Louis'41% 43 Do pref.•14% 15 Missouri Kansas & Texas23% 25% Do pref58% 59% Missouri Pacific

,

36% 37 Mobile AOhlo,

•35 90 Nashv.Chattanooga&St.Louis109% 110% New York Central* Hudson.17% 17% New York Chic. * St. Louis .

•72 80 Do Istpref-33 36 Do 2d pref. 30025% 26% New York Lake Erie *West'n 60,52563% 63% Do pref. 2,3903378 35% New York* New England... 84,9o7

New York New Hav. & Hart.18% New York Ontario * Western 8,05014%New York Susquehan.* West. 4,99364 Do pref. 2,90011 Norfolk * Western 40041 Do pref. 10020 Northern Pacific 1,96555% Do pref. 23,50021% Ohio * Mississippi 20032 Ohio Southern 10080 Oregon R'y & Navigation Co.23% Oregon 8h. Lin»&Utah North17% Peoria Deca'ur & Evansville.56% Philadelphia * Reading22% Pittsburg Cinu. Chic. & St. L.61% Do pref.37% Pitts. * West., pref. tr. certs.9 Rlohnjond & West Point Ter'l

41 Do pref.Rio Grande Western

Do pref.Rome Watertown *Ogdensb.St. Louis Southwestern 700

Do pref. 1.576St. Paul & Duluth 300

Do pref.St. Paul Minn. 4 Manitoba... 1,425 112Southern Pacific Co 2,3001 35

10 Texas* Pacific 2,860l25% Toledo Ann Arbor &N. Mich. 1,700,55 Toledo * Ohio Central 100,85 Do pref3778 Union Pacific 24,63317% lUnion Pacific Denver * Gulf 76010%| Wabash 1,14124%| Do pref. 7,84526%,WheeUng&Lake Erie 3,85067% Do pref. 2,23016 Wisconsin Central Co 200

I iniscellaneons Stocks^42% American Cotton Oil Co i 19,941

Do pref. I 6,3o0Am. Sugar Ref.Co 221,319

P.OIO31.20120,830

2961,380230

1,9251,160

10,263100

46,7805,570100

16,300615870

3,350360

1,57528.872

600

7,686720

200820

388,722

'"530

10011,875

300

32% May 214 Apr. 21

85 Sept. 186% Mar. 2256 July 6111% Jan. 1928 Sept. 222 May 2059 Jan. 938% Jan. 9139 Feb. 49658 June 1060 Aug. 897% Sept. 17558 Apr. 2120% Jan. 19114 Sept. 1

141% Jan. 1275% June 844 Jan. 19108% Jan. 2062% Sept. 1

95 Jan. j529% Jan. 1966 Jan. C

12278 Jan. 8138% Jan. 1916 Aug 2745 Jan. 84 June 2330% June 21"58 June 22

xl 19% Jan. 15119 Jan. 2298% Sept. 1

978Julv 1939 May 2320% Jan. 1969% Jan. 3120 Jan. 1995 Jan. 1866 Sept. 220% Sept. 1

14% Jan.104 Jan.

JanFeb. 23Mar. 6June 6June 6

54%Juue 734% Jan. 2783 Mar. 2V109% July 1115% July 772 May 1033% July 625% June 862% Sept. 1

3078 Aug. 24224 Jan. 1518 June 610% Jan. 441% Jan. 210% July 541 Sept. 218% May 1451% Ma, 2420%M.v 1719 Jan. 1270 July 13

'1

619572

20

Highest

29297

22 Jnly16% July38 Jan.23 May58% July37% Sept6% June 2/

37 Aug. 2736 Juue 2968 Feb. 26110 Jan. 196% July 14

14 July 1439% July 6103 Jan. 19

Feb. 25Sept. _July 1

23 Apr. 1

46 Jan. 2881 Aug. 1736% July 121578 July 1110 Juue 822% Juue 825% Sept. 265% Sept. 215% May 20

46>8 Jan. 4578 Jan. S

101% Mar. 1294% Jan. 1864% Mar. 6

145 Feb. 2935 Jan. *28 Jan. 1464% Jan. 1844% Jan. 21154 July 2811058 Jan. 2870 Jan. a104 Feb. 118458 Aug. 112878 Mar. 512178 Mar. 5147% May 2794% Jan. 75458 Aug. 5123% June 375 Jan. 799% Aug. 1540 May 1380% June 2149% Apr. 7167% Feb.19% Jan.54 Mar.9% Jan.51% Jan. 1120 Feb. 29145 Julv 22144 Aug. 11HO Jan. 515% Jan. 456% Feb. 1327% Apr. 1880 Apr. 18110% Mar. 5112 June 1784% Jan. 231 Jan. 721 Mar. 18139 Aug. 19117 Mar. 521% Aug. 1048% Aug. 1020% Jan. 1333% Jan. 1365% Jan. 442% Jan. 291 June 21119% Mar. 522% Jan.31% Jan.45 Jan.34% Jan.77% Mar.39 Mar.252 June23% Feb.

S442532

11

441155

16% Aug. 2569% Aug. 2318 Jan. 456 Jan. 426% Jan. 272% Jan. 224 Jan. 537% Mar. 2391% Jan. 2833% Jan.227e Jan.65 Feb.305e Jan.67% Jan.45% Apr. 2917% Feb. 1279 Feb. 1641 Jan. 574 Mar. 11113% June 3011% Jan. 222% Jan. 24878 Jan. 7107% Way 26116% Jan. 441% Jan. 61458 Jan. 429% Aug. 2352% Feb. 1388 Feb. 1150% Jan.25 Jan.15% Jan.33% Jan40% Jan.80% Jan.21% Jan.

93% 96%| 94 95% Western TTnton Ti'lflerapfi.

^ • Xbese are Uu> prices bid and aekii; ao sale nale. 'Fr:c9' 'ro-n !)o|i Eicban^es. i S* OirtdenO."

9,25613,38228.84626,3204,«44

41.27613,3074,690

lo'ise288,000

1,397197,000

1,300

45'i20

32% Jan. 19 4778 Aug. 1863% Jan. 191 8378 Aug. 1878% Jan. 19:115% Aug. 2590 Jan. 19 107% Aug. 1971% Jan. 2, 8358 Aug. 2128% May 24l 39% Aug. 31

102 Jan. 13|119% Aug. 3044% Mar. 9 67% Jan. 7104% July 7 119% Aug. 1991% Mar. 7 132 Sept. 2

100 Jan. 4 123% Aug. 173058 Mar. 241 46% Aug. 2381 Mar. 2411% May 18'

19 Juue 14'

29% Aug. 2951% July 9

995e Aug. 221878 Jan. 4295HJan. 440% Jan. 464% Jan. 13

184 Jan. 4 200% M.ay 1182% Aug. 12 93% Jan. 431% July 111 50%Mivr. 1092 Feb. 23 103 Apr. 21»2 .Tnn. Ifl loo's Auff 18

September 8, 1893.] THE CHRONICLE. 365

NGVr YUKK 8TUUK EXCH4NUB PKIGKS {OonUnuti)—l!fAOTIVE STOOKS. (| Indieatet actual »alM.)

INACTIVB STOCK*'

H Indicates unlisted.

Sept. 2. I Range (§ate$) in 1891.

Bid.

Railroad Stork*.Albany A Miirtiiuohftunft 100Atlnata & ClunlolU- Air Lit 100Belleville * Hontli. 1 11. pref . . . . 100Boston AN.Y.AIrWnepref.... 100Brooklyn KleTiitodT 100BnOTAlo Rochester dk Pitts 100Preferred 100

Burl. Cedar Kanlds A Nor 100OedarFallsiSc Mlnuoxota 100Cleveland & PlttHbiirK 50Oolombla * (Ireeuvllle pf 100Dm Moines & Fort Dodge 100Preferred 100

Dalnth 8. Bbore & Atlan.H 100Preferr.dll 100

Flint & ivre Marqaette 100PreftTifil 100

eeorula I'aclflcH 100Green Bay Win.&St. P.tr.roct.lOOBonHton * Texas Central 100Illinois CiMitral leased lines 100Kanawha A Mkhlean 100Keokuk A Dos Moines 100Prcferr(<il 100

Loulsv. Evans. & St. Lo., cons. 100Preferred 100

Hahonini; Coal 50Preferred 50

MemphU A Charlestijn 25Mexican National 100Morris & Kasex 50H. Y. Lack. & Western 100B. Y. & Northern pref 100Norfolk A- Southern 100Peoria A Kastcrn 100Pitts. Ft. Wayne A Chicago....lOORensselaor A Saratoga 100Klohmoud Term.tr rects 100

Do pref.,tr. recta lOfl

Ask. Jjowett.

65111

8130

tl55

72012\

1 31

4>«: im

3

1 18

14

87103

175510

176

160 Feb.

344186

g3013>«SI'S

711%5

93

16>s

100109

125 Jan.100 May31 Jan.35>« Mar.78\ Feb.36 Jan.77g Jan.

150 Jan.25it Mar6 July14 Auk.6 Mar.14 Feb.10>i July80 Mar.7 Jan.Si+Apr.8 June

87 July1058 Apr.4 Alay9 Mar.

20'4 Feb.51 Aug.771a Feb.100 Feb.

BKgtitti.

165 rob.

206112

180

130 Jan.102 Jan.32 Jan.44% May88% June52 >« Aug.7'e Jan.

156 June26>a MayllHiAug.25 Aug.14>8 Aug.35'« Juue28'« Apr.87 Mar.7 Jan.

13>4 Aug.4% Mar.

96 Jan.14 Jan.4^4 May

16»« Sept.26 May60 May

100 Apr.II2I3 Apr.

314143>e107%1550ie8

152>s164

6>840>«

Mar.Jan.Apr.MayMayJuneFeb.Jan,JuneJune

iKAonvB Btocki.

V Indicates nnllsted.

Hept. 2.

Bid. Aik.

5 Jan.155 Aug.113»9 July26 Jin.59 Aug.15% Jan.

155 Apr.179 Aug.11 Apr.59% Apr.

St. Joseph A Grand Island 100St. Louis Alton A T. II 100

Do pref 100Bt. li. & San Fran. Ist pref 100South Carolina 100Toledo Peoria & Western 100Toledo Bt. Louis A K. CltylTVir^nla Midland 100

niaeellaneona Stock*.Adams Express 100American Bank Note CoifAmerican Express 100Am. Telegraph A Cable 100American Tiihacco Co., pref. ..100Brunswick Company lOOiCblo. Juno. Ry. A Stock Yards. 100Preferred 100

CItliens' Gas of Brooklyn 100Colorado rticl prof 1001Columliu.1 A Hocking Coal 100Commercial Cable 100Consol. Coal of Maryland 100Edison Eleotrlo Ilium 100.LaoIedeGas 100

Do pref lOOlLehigh AWilkcs. CoalUMaryland Coal 100;Minnesota Iron 100National Unseed Oil Co 100National Starch Mfg. Co 100New Central Co.al 100Ontario Silver Mining 100Pennsylvania Coal 50P. Lorlllarrt Co. pref 100Postal Telegraph—CableUQuicksilver Mining 100Preferred 100

Texas Pacific Land Trust 100U. 8. Express 100Wells, Fargo Express 100

8315074 >«

2>«

1464912085

1 99

aoo

tU3>«101

35160

3>«

19

Range {$tUei\ in 1892.

Itoweel. Mighett.

9 Jan.32 July128 Mar.75 July1 Mar.17% Jan.8<< Jan.85% May

150 I43i<Apr.50'a 43 Feb.12587

101

102

15628

22'4602023733219

16230101

lO"*3323011185

. 3>»17

56143

652525

33 >s

12>s41

894

21

60147

116 Feb.80 Jan.96 Jan.7'8July72 Apr.80>4 Jan.94*4 Jan.99 Aug.12 May148 Jan.26 Feb.79% MayI714 Apr.57 "» Mar.19% June23 July73 Sept.27 Jan.32i« May10 May37i« Apr.275 Feb.114 Feb.37 Jaa.3>< Mar.16 Mar.12 July44 Apr.140 Jan.

1014 July40 Apr.151 JaiM79 liar.4HJaD.32 B«pt.26 Feb.33>* Feb.

150 >4 July49><Jiil7

,

123 Aug.88 July

'

101 July14<« Feb.

104 Aug.931* Jun*114 June103% July18>4 Jan.160 July29 June104 Aag.25 Aug.e6>4 Aug.25 Feb.27 Mar.82 Jan.3579 June46>a Feb.12 Aug.45 <• Jan.

300 >« Aug.118 Jan.87^ Aug.4% June

22>4 Jan.151* Mar.60>4 July147 May

• No price Friday; latest price this week

NEW ¥OKK STOCK EXCHANWE PRICES.—STUT^E BONDS SEPTEMBER. 2.

SECURITIES.

iLlahama—Class A, 4 to 5 1906Class B, 5s 1906Class C, 4s 1906Currency fnndlne48 1920

Arkansas—6e,fuud.Hol.l899-1900do. Non-Holford

7s, Arkansas Central RRLouisiana—7s, cons .....1914Stamped 4s „..,

MisgQuri-Fund ^18a4-^895

Bid. Ask.

10092»8

102>*105>s

96

SECURITIES. Bid. Ask,

New York—6s, loan 1893'North Carolina—6s, old JAJJFunding act 1900New bonds. J. A J 1892-1898Chatham RRSpecial tax. Class 1ConaoUdated 48 191063 1919

Rhode Island—6s, cou.. 1893-1894I South Carolina- Cs. non-fuud.iass' 21a

SECURITIES.

8.0. (oont.)—Brown consol.68.1893Tennessee—6b, old 1892-1898Comjromi.se, 3-4-5-68 1912New settlement, 6s 19136s 191338 1913

Virginia—68, old69, consolidated bonds69, consolidated, 2d series, rects.63. deferred, t'st rec'ts. etaipped

Bid.

.1......

6 > 8

New York City Bank Statement for the week ending Aug.

87, 1893, 13 as follows. We omit two ciphers(00) in all cases.

BA»liS.lOOl omitttd.) Capital. Suri»l«». Lcam. SmcM. Unu. OtroHU.

t• • t S tBank of New York... a.ooo.o 1,904.2 13.170,0 1,910.0 1.710.0 12,940,0jr»nliattau Co 2.050.0 1.713.5 13,941,0 1.885.0 893,0 13 978,0Merchants' 2,000,0 013.6 8,372.1 1,693.6 421,2 8,460 1

Mechanics' 8,000.0 1.915.6 8,703,0 1.157.0 699,0 7,126,0America. 8,000,0 2,'i4»,9 2(.>.419.4 2,858.0 3,766,3 23,071.6Pbeoix. 1,000,0 437,7 5.320,0 660.0 722,0 5,327.0City 1,000,0 2,60S,4 13.4 64.0 2,011.2 3,183,0 15,456,1Tradesmen's 760,0 li.S,5 2.795.a 415.8 342,8 3,036 9

300,0600,0

8,»81,7167,3

26,301,94,099.2

6.1)83.9431.7

2,399,0919,5

38.922 24,9J8,2Merchants' Exchange

OaliatiD National 1,000,0 1,600.7 5,737.9 979,1 680,5 5,241,7Batchers' A Drovers'. 300,0 2PB.4 1,834.7 280,7 23j,4 l,93i,5Meohaulcs' A Traders 400,0 428.4 2,430,0 175,0 415,0 2,460,0

200,0600,0

166,3576,0

1,176,33,560,

1

183,1654,8

109,1442,2

1,1 '24,83.344,9Lsatnel Manntact'rs.

tidvtiuth National 300,0 70,5 1.700,2 455,7 83,3 1,818,7Bute of New York

—

1,200.0 484,0 3,318.5 224,8 442,4 2,582,8American ICxchauge.. 6,000.0 2,-.i03,B 18.128,0 1,908,0 2,600,0 15,757,0Cammerce 6,000,0 8,392,8 20.879.3 1,776.1 2,120,7 15,383,7BroadwayMercantile

1,000.0 l,6'i9,e 6,100,-,! 860,'/ 491,7 5,382,21,000,0 1,013.0 9.137,0 1,219,8 1,418.5 9,888.3

Pacino 422,71,600,0

437.4841,1

2,992,514,263,2

170,2i,r8;,-,!

488,52.179.1

3,130,816.236.6ItepnbUc

450,0200,0700,0

863.8326,4605,4

6,138,62,490.86.661,2

1,023,3133,4474,7

817,5390.H808.7

6,597,88,:0B,8Peoples'6,593,2

liibUOTer 1,000,0 1,773,0 1«,738.8 5,018.3 1,647,4 20,097,8Icvmg ..... 600,0

600.0315,0440,3

3.330,03.008,2

369,8487,7

403,0185,7

3,318,03,990,7

Nassan ................ 800.0760.0

260,6788.0

2,819,84,599,3

S8J,3681,3

459,81,090,3

3,087.0Market A Fnlton 5,'271,8

600.0600.0

130,2248,0

2,010,02,908.0

74,0425,0

407,0672,0

2,105.03,677,0Shoe A Leather

Com Excliange 1,000.0 1,295,1 8,103.8 1,397,6 294,0 7,624.2Continental 1,000.0 •^71,0 5,174,7 1,265,7 297,8 8,096,7Oriental 300.0 428.2 •2,125,5 154,9 334,8 1,977,0Importers' A Traders' 1,600.0 6,405,0 24.682,0 4.869,1. l'*^^'S 24,806,0Park •/.OOO.O 3.933.3 2S,5J6,7 6,298,6 3,219,6 34,132,0

260.03,200,0

13B,61,795.6

1,199,321.848,0

157.^4.6'2i.9

168,41,210,0

1,054.8Fourth National 22,7i>85Central National 2,000,0 61B,6 9,971,0 2,275,0 1,064,0 11,897,0S)00ud National 300,0 440, '2 6,123,0 1,084,0 610,0 6,140,0Ninth National 750,0 195,5 3,369,3 470.6 513,9 4,110,7First National 600,0 7,147,3

82,327,642,9 4,748,0 1,967,8 27 08,1,8

Third National 1,000,0 6,457,8 635,4 1.010.8 5,902,4N. Y. Nat'l Exchange 300,0 164,8 1,840,0 65.7 317,1 1,804,6

860.0200.0

631,5653,6

3.832,03,'2tt8,l

657.0725,0

165,0118.2

2,970,0New Yoik County 3,583,'.'

GermaD-Araorican.... 750,0 397,4 3,017,4 494,e 198.6 3,8St,lChase National 600,0 1,058,1 16,079,8 3,400,^ 1,781,3 18,313,9Fifth Avenue 100,0 898,5 6,336.6 1,227,'.' 291,1 5,883,0German Exchange.... 200,0 658,3 3,890,6 180,^ 629,0 3.306,3Oermania ............. 200,0

600,0800.0300,0200,0

620,2610,3407,0450.6286.0

3,013,98,134,96,146,04,1".'5,6

1,869,8

418,6l,665,f1,665,11,084,6407,1

574.71,879,3496,6386,8168.9

3,730,110,6"3,a

Lincoln 6,502,6Oajfield 5,025,4

2,017,0Fifth NationalB ink of the Metrop... 800,0 682,7 4,804,3 l,002,<; 665,4 6,707,1WostSldt) 300.0 369,6 2,',ii33,» 448,t 188,1Seaboard 600.0 201.2 4,709.0 908,1 392,( 6,421,0Sixth National 200,0 847.7 1.717,0 2'i6,l 183,1 1,680,0western National 2,100.0 222,3 12.856,6 603,0 3,985,4 11.044,2First Natlonal.B'klyn 300,0 793,5 4,993,1' eil3,> 279,1 5,164,0Uoathem National .... 1,000,0 130,2 i,ia3,3

«^0 M"? 7

102,t 285,8

57.3«s.r

1,631,0

Tntal «0 4'2' 1 B7.3B0.S S17 081.3

New York City, Boston and Philadelphia Banks:Oapilal iX|

BjLHKS. 5urptu<.ILoam, Specie. C^oalt. \Dipo$U$.i\Oirf.Tn Otearint*,

N. Vorh.* $July 30.... 127,812,Aug. 6" 13 ..." 20 ...'• 27....

BoHCon.*Aug. 13 ...

•• '20 ..." 27...

Pfalla.-Aug. 13....

• 20 ...•• 27 ...

127.812,127.81,3,127,813,127,813

64,64264,84'2,

84,642,

86,793,35,79335,793

4^484,4,488,2 JSU.2ll922,190,

,9 18?,9 168,9 185

$933,3777,1771,70S1,:(

687,7

813,721B,n933 9

91,711,7161,90,335,9i6o,87,773,:-) 1 5B,83,094,3 57,81,769,3

10.891.910.284,010,301

7 103,207,0,7 109,078,07 109,441,0

s I

793.8.278,1,30S),03,57,4

3«,9

,63?,8,089.0^9i.O

38,566,038.294,038.251,0

• *639, 104,1 '4,4<8,528.482.3 5.3-8525.231.4 5,1(9524.412,1 o,l<;6,

M;.081,3 5,354,

147,396.6 4.733,146,417.0 4,839,IU,831,0 4,9;9,

,5 532.948,95 607 351.83 518 079 34 581,283.U535.537,9

5' 88,833,5O 83 741.4

74,953,9

113.203.0'3,53'3,0 67,711,4119,430,0 3,538,0 63,1'29,4119,895,0 3,532,0 6».ljtf.9

• XVe omit two ciphers in all these fl^uret,A alDbla. the item " due to other banks."

t Inoladlag, for Boston and Phi a'

Miscellaneous and Unlisted Bonds.—Stock Ex. prices.

Miscellaneous Bonds.Amer, Water Works—1st, 63.Ist cons. 5s, g

Cahaba Coal Mm.—1st g. 7s..Ch. Jun. & S.Yd.s.—Col.t.g.,5sColoiado Fuel—Gen. 6a .

Col. A Hock. Coal A I.—63, g.Consol'u Coal—Convert. 6s..Cons.Ga3Co..Chic.—lstgu.58Deuv.C. Wat. Wks.—Qen.g.SsKili3on Elec. 111. Co.—1st 5s.EqultaOleU. A F.—Ist 6.1

Iltuderaon Bridge—1st g. 6s.Hottoken Laud A Imp.—g.53.Mutual Uuiuu I'eleg.—63 g..National S'.arch Mrg.-l3t,63.Northwestern Telegraph—78Feoria Water Co.—6 s g

miscellaneous Bonils,Pe tple'a uas A c. { l>it g. 6s.Co., Chicago.... S2il g- «9.

Pleas. Valley Coal-lst g. 6s.Proctor A Oamhla—lst,g.,6a.Security Cor. l3t coa.,g.,.ua..Western Union Teleg'S—7s..Wheel. UE.Ae.C.ial- l3t,g.5s

Unlisted Bonds.Ala. A Vlck3.—Couaol. 3s, gVlck3. A Morld., l3t 63...,

Atlanta A Churl.—Ist 7sConistook Tuune'-Inc. 4s...aeorgla Pacitto l.t6sg2d murt. incuiue .........COU30I.5 eIncome 6s ...........

Mem. A Charleston—Con.7 g.

I'i7 a.101 "sb;99 b

1053.b.98>iiD.

116>ia.82 a.

90 b.100 b.ll» b.18 b.

loU b.

67 h.11 b.95 b.

NuT£.—"6" ladicates orice bid : "a" orice asked. * I>aieat prico thia week.

Bank Stock List—Latest prices of baak stocks this week.

BANKS. Bid. Ask. BANKS. Bid. ASK. BANKS. Bta.

233~

Ask.

A,menca 212 218 Gallatin .110 New York... 240Am. £xoh... 158 181 Qartlold 400 N.Y. Co«nty.i620 ...«Bowery 309 315 German Am. r2o N. Y.Nat.JBx.t 125 140Broadway... 282 German Ex. 330 373 Ninth '115 ..M.*Butohs'AUr. 184 194 Germaula.... 330 19th Ward.. 170 ,

Central 137 Qreenwloh... 180 N. Amsrioa..il63 r^

Chase 450 Hanoyer .440 Oriental 230OUatham 400 Hud. Klver.. 146 Paoiflc IBUChemical.... 4400 4800 Im. A Trad's' 410 ...... Park 312 336Ully 438

159500165

Irying........ 180 200 People's.Pheulx

300132CItliens' Leather Mts' 240 ^

Columbia 270 Lincoln '410 Produce Kx. 130 135190 199

183Manhattan...

1MarketA Fnl

187325 235

172Oontiuental

.

.Seaboard 178 180Corn Eioh... 250 206 iMechanios*.. 185 190 [Second 335 Ml.Uejtosil 112 116 iM'ohs'ATrs'. 180 200 Seventh 127 ......

East itiver.. 145 lieroantlle... 22U 233 *,ShaeALeath. 165 180llth Ward... (Merchants'..

Merch'ts Kx.MetropolitanMetropolis...

129"162185

iSt. Nicholas. 130State ofN.Y.|118

- - MBfifth Aye 20u0 120fifth 320 333 ...... 12 Third 110First 2500 40U Tradesmen's. 109 ..».«First N., 8. 1. 110 Mt. Morris .. 280 (Tuitd SUtea 210 23SItth Street.. 170 Murray HUl.;3uO VTest^rn . .

.

120 ......

PonrUi. 200 biauaii 1"15 •—

—

366 THE (HRONICLK [Vol. LV.

BOSTON. PHILAUELPaiA AN1» BVLTIMORE STOCK BXCHANGES.

Active Stocks.T Indicates nnlisted

Atob. T. & 6. Fe fBottmiJ.lOOAtlantlo & Pac. " 100Bftltimore & Ohio fBalt.J.\001st preferred " 1002d preferred " 100

BoBton& Albany (Bos/on;.100Boston & Lowell " 100Boston & Maine " 100Central of Mass. " 100Preferred " 100

Olilo.Bar.&Qiiln. " 100Ohio. Mil. A Bt.P. (PhUJ.lOOCJhlo. AW.Mich.r£n»to»U.100deTe. & Canton " 100Preferred.... " 100

Fltohburg pref. " 100FL & Pere Marq. " 100Preferred " 100

Hnnt.&Br.Top.rP/i«a;. 50Preferred " &0

IieMghT alley " 50Maine Central (BostonJ.lOOMexican Central " 100W, Y. A N. Ene. " 100Preferred.... " 100

northern Central rBaW.J. 50northern Pacilic {Fhilaj. 100Preferred " 100

Old Colony.... (Boston).lOOPennsylvania.. (Phila.j. 50PhUadel. & Erie. " 50PhUa. A Reading " 50Bumnjit Blanch f.Bo»(on>. 50Onion Facinc '• 100United Cos.of N.J.fPA ifo.jlOOWestemN.Y.&Paa'/iii«.MOOnscellmiiei^ns Stoche^

Am.Bug'rRelin.t (Boston) ...

Preferred "Bell Telepljone ..

' 100Boat. & Montana " 25BntteA Boston.. " 25Oalumet .feHccla " 25Canton Co (Ball.J.lOOConfioliclatedGas " 100rle Telewhniie rBo«(o7i;.100General Electric " 100Prsfeired " 100

LamBon HtoroSer. " 50I«hrhCoaliNav 'Fhil., 50R.Eng.TelevhonerBost'nJlOOKorth An.erican. (PHI.).IOOWest Bud Laud.. (Bosl'n)

* Bid iiHi aAked prices;

Share Price* — not Per Centam Prices.

Saturday,Aug. 27.

39 39>8'41s 4%

*97 98132

SOS's 205 >s

178 178*16is 17*40 40 Ml

lOO^e 1013982 82 >4

*5»8 57819!s 20

88%

74 74•32 32>«

53>seoig 60=8

129=% 1301b1514 I51433's 331*

87•61>a21 215b\ 563)

Si's28iiie28i»i.

38%- 39

1

230 230*8 8»4

111 11215103 103%206 206•36 36%*9i8 91«

291 295*72i« 731s60% 6II4*1d1151a 116119 11917% 1854 54*56ia*13% 14*18i8 18%no sale was

Monday, Tuesday, Wednesday, Thursday, Friday,Aug. 29. Aug. 30. Aug. 31. Sept. 1. Sept. 2.

38=8 3918

9797132

205% 205%

177 17716% 16%*40 41100% 101%82>e 83%

*5»8 6'819% 19%

88%

32 3253% 53%60% 60%130 13115 15

3487

33'8S*64%*20% 21SS's 56%

183 1815458 54%*3l%28^6 28%

39% 39%229% 229%*7% 8%

111%112%103% 104%

* 207*36 379% 9%

295 295*72% 73%61 6145% 4=>%115% 116119% 119%*17% ...

53=8 53%57 57*13% 13%*18% 13%

maile.

38i>8 38%*4%....97 97

-132

205'181177*ie%40100%83

205%182177%16%40%101%83%

*5%19388.-)%

6l«3p88%

*70*32

'66%129%l.'i%

33%84%*64%*20%5i58

18354%*31%28%6

38»8

3353%6< %13015%3586

2156

18354%

2S%638%

2308%

111% 11256

*205 206*36 37«9% 9%

•290 295*72% 73%61 6145 45%116 116118 118*17 18%*53% 54*5713% 13%18% 18%

37% 38%*4% 597 97

132

205 205%ISO176%*16%39%10U%82%•49*5%

,176%16%40

1 100%83%

88*15%75*32

"eo'

"15"

34%87*64%20%ftj.%

18:%51%

'SI"-)

28%637%230•7%

619%88%18753353%€0%1311535%87

20%55%18354%

"28%638%

2308%

112% 11438105 106%205 205%345a 379% 9%

•290 295*7^% 73%«l 61%45% 45%112% 115V20 120*17 18%5,-t% 53%57% 5813% 13%18% 18%

36% 37%4% 4%

132

g05 205%1H2

176 176%16 16%39% 39%98% 10080% 82

*5%1887%*74"3252%59%"15"

33%"85*64%19%54%

54''8*31%27%•5%37

"7%

618%S81875325360%

1311534%86

"20%55IhS54%

28Ju

"37%2307%

107 111%10.2% 104204% 20533% 34%9% 9%

•290 295

60% 60%*45109 112%

11918 1853% 53»f57% 57%13 1317% 18%

36%4%

*96132120205182175*15%3899%80%

37%4%

98

205%18217616%3910081%

*5% 617% 17%87% 87%

*73 75

*5'.J%

69 59%130 130%14% 1534 35*85 86*64% 6519% 20%54% 55%182% 182%54% 54%

27 28%*5% 6%37% 37.%

2307% 7%

108 109%103 103%204 20433% 34%9 9

•290 295*72 7460% 60%*45 ...

110 111%

1853% 53%*o7 ...

17% 18

Salesof theWeek,Shares.

62,56130057

24240

65 i

250250

14.58518,000

Bange of sales In 1892.

Lowest.

484130116199173159

6508b

9830087

5,64433

1,00014,933

154

1,9^012,482

764,160

163,335200

11,0'.'2

40125

46,8051,649

394,71082011

MarJan.Jan.Jan.Jan.Jau.Jan.

15% Apr.33 Jau.96% June75% Apr.48 Feb.5% July17% Sept.*<1% Ja I.

19 July74 Aua.25 « Jan.46% Jan.50%.Ian.

1 12 Mar.14% Sept.31 Aug.75 May63 Julyli-%Muy51% May164% Jan.54% July31% Aug.

193. Jau.

5 Mar.36% Julyx223%Mar7% June

Highest.

32% May 21 46%9 5%6(100%

12 13518 Vi38 209

1,05527

7,607

17025371

4801,830

183%18518%43%110%84%

25 5528; 82: 23

19 9220! 28%271 8727 37%21

1 55%13, 62%14 137%2| 24%

25; 58%4 114%13 69%21 26%

72%18757%40%34%750%232

78% Jan. IS90% Jan. 18192 Mar. 2931 Feb. 57 July 20

253 Feb. 5aOH Jan. •;

43 Jau. 543% Jau. 2

14% Feb.48% Jau.50% Feb.12 May16% Jau.

10%

Jan. 4Jan. 5Mar. 16Feb. 18June 16Mar. 9June 30June 23JuDe 21June 22Jan. 28Aug. 1Mar. 31Feb. laJan. 4May ISMar. 26Apr. 6Apr. 19July 8Feb. 11May 17Jan. AMar. 3Jan. 9Mar. 16Jan. 5Jan. 3May 11Jan. 2-Mar. 3Feb. 11Feb. 15Jan. 4June 17Feb. 18

115%107%21045%17%

3007361%47%

Aug. 25Aug. 19Jan. 15May 28Jan. 5Aug. 15Aug. 23Aug. 16July 14

21 May 1355% Feb. 1358 Aug. 3118% Jan. 320% May 10

Inactive Stocks. Bid. Ask.

Price* oj Sept. 2.

Jitianta & Charlotte (Ba«.).10o'Boston & Providence (.Bos(ort). 100'Camden dcAtantiopf. (P/iiVu.). 50Oatawlsba " 50,

Ist preferred " 50l2d preferred " 50

oentral Ohio (Ball.). 50Oharl. Col. & Augusta " 100Connecticut & Pass. (Boston).100Connecticut River... " 100Delawaie&Boaud Br.(PA»io.).100Har.Ports.Mt.Jov<feL. " 50Kan. C"y Ft. S.&Mem. (Boiton).\00Preferred " 100

K. City Mem. & Birm. " 100Little ScliuylliUl (P/tUa.). 50Manchester 4t Law.. (Bo»«m).100Maryland Central (Ball.) 50Mine HiU & 8. Haven (Phila.). 50Kesquchoiong Val " 50Nonheru N. U (Bosron).100North I'ennsylvajiia. (f'Ai/a.). 50Oregon Short Line... ^Jioston>.100ParSersbiirc {Bait.) 50Penneylvauia A N. W. (PItUa.) 50Baleif:b & <T»stou (/Ju«.)100Entland (J.osroH) . 100Preferred 100

Beaboard iV Kuunuke. (Bait.) 100Istpreferied , '• 100

West End (Boston). 50PrelerreiL " 50

West Jersey (Phila.). 50West Jersej 4 Allan, " 50Western Maryland.. (Bait.). 60Wllm. Col. & Augusta " 100WUmingl'DA WeldoB " 100WisconsiD Central... (Bo«(oji).100Preferred " loo

Woro'st.Nai'U.&Roch. " 100IIIKCIiLI.AJ<£OD8.

Allouez MiutLK (Boston). 25Atlantic Ntiulug

," 25

City I'asscuger KK... (Ball.). 25Bay State i.as (Boston). 60"""* "

'

'

10102525b

21

10025

8025127

60

"53"

isii'

8130100

73%54

8520

Bestoii LaudCentruiiial Miuing... "Fort \\ iij ue Elrciriclj "Franklin Miuiug "Frenchui'ij'bUayL'nd ••

Huron Miniuii "lllnoisSi.e*111 "

Kear.'^iiree Siining.... "Met. l~rac. Co (Phita.)Morric (Junul euar. 4. (P/>t<a.) 100Prclerrcd guar. 10 " loO

Osoeolu Miuiuii (Botlon) 25Pulliuau Pala< e Car.. " lotiQulucy Miuinn " 25Tkinarack Mining " 2.^Ihonifon Kit-. WeldV. " loo

85

5954

125

8238

16

Inactive stocks.

74

23'

5i%

470

72

"60%2012

10811015%

90c.107527%""g'4

12%

101135

200'

29%193

153

3116

16%

1-0011

12%5%

11139

30%194

160

i UnUated. i And aoimied Internst.

Thom.Europ.E.WeldH (Boston) 100Water Power " 100Westing. El. tr. rec.U " 50

Bonds—Boston.At.Top.iStS.F.100-yr.4g.,1989, J&J100-year income 5 g., 1989.Sept.

Burl. & Mo. River Exempt 68, JcSiJNon-exempt 68 1918, JiJPlain 48 1910, J&J

Chic. BurL& Nor. I8t5,1926, A&O2d mort. 68 1918, JicDDebenture 6s 1896, J&U

Chic. Buri.&Quinoy4s..l922,F<fcAIowa Division 48 1919, A.feO

Chic.&W.Mioh. gen. 58, 1921, J&DConsol. of Vermont, 58.1913, J&JCurrent River, Ist, 58..1927, A&ODet. Laus.&Nor'n M. 7s. 1907, J&JEastern Ist mort. 6 g., 1906, M&SFree.Elk.&M.V.,l8t,68.1933,A&0Unstamped 1st, 6s 1933, A&O

K.C. C.& Spring.,lst,5g.,1925,A&0K. C. F. 8. & M. con. 6s, 1928, M&NK.C. Mem. & Bir.,lst,5s,1927, M&SK.C. St. Jo. &C. B., 78. .1907. J&JL. Rock & Ft. 8., 1st, 78. . 1905, J&JLoui8.,Ev.&St.L.,l8t,6g.ia26,A&02m., 5—6 g 1936, A.&0

Mar. H. & Ont., 68 1925, A&OExten. 6s 1923, J&D

Mexican Central,4 g... 1911. J&J1st cousol.incomes, 3 g. nou-cum.2d consoL incomes, 38, uou-cum.

N. Y. & N.Eng,. ist, 78. 1905, J&Jl8t mort. 68 19U5,J&J2d mort. 68 1902. F&

A

2d mort., scaled, 58...19U2, F&AOgden. & L. C.,Cou.6s.l920.A&O5Inc. 68 , 19^5

Rutland, 1st, 6s 1902 M&N2d, 58 1898'.F&A

Bonds.-PhiladelihiaAllegheny VaL,7 3 10s, Isao, J&JAtlautic City Ist 5», g., 191 9. M&NBelvidere Del.. lst,68..Ut03, J&DCatawisaa, M., 78 I900, F&AChar. Cin.&Chic.lst5g, 1947 (J—

J

Cieartield & Jeff., Ist, OS. 1927, J&JConnecting. 68 190vM)4 M&SDel. & B'd Br'k,i8t, 78.1905,i'&AEH8tou&Am. lstM.,58.1920, M&NiElmir. &Wilm., Ist, 08.1910, J&JUuut. & Br'd'rop,Con.53 '95 A&OLehigh -Nav. 4%8 1914, t>-J'2d 66, gold 1897,J&DUeneial mort. 4%s, g 1924 Q—

F

Lehigh Valley, ist 68...1b98. J&D2d 78 1910. M&SConsol.b 1923. J&D

North J-eun. Ist, 78....1H96, M&.NUen. .M. 7s 1U03,J&J

Pennsylvania gen. 68, r..l910. VarConsol. Hs. 1: 1905, Var

Bid. I Ask.

2%!35%

I 8256%'116 I,

2%35%

82%57

Bonds.

;1<J4

92%93%

104%10410393%

98

105,122%

10«

104

93,110100

119

llOl

110lOOSj,110117

12493%

10567%29%

121113105

118126

119%103110110103111%133%131111IU6%130%120

106%

127%111

134

Penna. Consol. 58, r 1919, VarCoUat. Tr. 4% g 1913, J&»

Pa. &N. Y. Canal, 78... 1906, J&L>Consol. 5s 1939, A&O

Perkiomeu, Ist ser.,5s.l918, Q—.1

Pnila.&Eiie gen. M. 5g.,1920, A&OGeu. mort.,4g 1920, A&O

Phila & Read, new 4 g., 1958. J&Jl8t pref. iucome, 5 g, 195S, Feb 1

2d pref. income, 5 g, 19oS, Feb. 1

3d pref. income, 5 g, 1958. Feb. 1

2d, 78 1893, A&OConsoL mort. 7s 1911. J&DCousol. mort. 6 g 1911, J&DImprovemeutM. 6 g., 1897, A&OCon. M.,5 g.,8tamped,19-.i2, M&N

Phil. Wilm. & Ball.. 4s. 191 7, A&OPitts. C. & St. L., 78. ...1900, F&APo'keepsie Bridge, 6 g.l936, F&ASchuyLR.E.Side.lsto g.l935, J&li8teubeu.&Ind.,lstm.,53. 1914. J&JUnited N. J., 6 g 1894. A&OWarren & Frank..l8t,.78.1896.F&A

Bonds.—Baltimore.Atlauta&CharL, Ist 78, 1907. JtJIncome 6s 1900, A&O

Baltimore & Ohio 4g., 1935, A&OPitts. & Conn., 5 g...l925, F&AStaten Island, 2a, 5 g.l926, J&J

Bal.&Ohio S. W.,l3t,4%g. 1990, J&.ICapBF.&Yad.,8er.A.,6g.l916, J&DSeries B., 6 g 1916, J&DSeries C, 6 g 1916. J&D

Cent Ohio, 4% g 1930, M&SICharl. Col.&Aug. Ist 78. 1895, J&J'Ga.Car. &Nor. Ist5 g..l929. J&JiNorth. Cent. 68 1900. J&J

68 1904, J&JSeries A, 58 1926, J&J4%s 1926, A&O

Oxf.&Clark.,iut.gu.,6 g. 1937,M&.VPiedm.&Cum.,lst, 5g.l911, FjjAPitts.&Counells.lst7s.l898. J&JVirgiuiaMid., Ist 68... 1906, M&S2d Series, 6s 1911 M&S3d Series, 68 1916, M&S4th Series, 3-4-58 1921, M&S5th Series, 5s 1926, M&S

West Va. C.&P. 1st, 6g.l9ll, J&JWest':.X.C. Cousol. 6 g.l914, J&JWllm. Col. & Aug., 6a.. 1910. J&D

MISCELLANEOUS.Baltimore—City Hall68. 1900,(4—

J

FundiugOs 1900. O-JWest uaryl'd RR. 6s..i90J, J&.JWater Ss 1910, .M&NFunding 5s 1916, Mjc.vExchange 3'-s8 lOdO, J&J

Virginia (State) 3s, few . 1932, J JiJ

Chesapeake G us, 6s 190J, J&DConsul. Oas, 68 .. 191U, J&li5s »1939, J&J

F-quitablB Gas. 6s 1913. A.feO

Bid. Ask

115111 •••123114 ......105 ^

128101

86%

67%74%67%59105131119% 120107105%lot's11564

106103106

65110

115 (11795 1 102

10.%, 102%

ibT'ibs"105% 106%

1»59595

10"% '.'.'.'.'.'.

.01% 102ii2 iia117 119110

97114111110lu28J97lOS'i85116

1151151161:^4%

100 "i

74108-1lid101111

100114%114lia104.

ioo"'10987

118

100%74%109%116101%

t Last prloe this week.

SXPTBMBKB 3, 1802.J THE (^HRONICLK 367

NEW YORK STOCK EXCHANftB PRICES lCoaUawi).-AOTIVE BONDS SEPr. a, AND FOR YEAR lnwa.

S^UJUIAD AND MtSOBU BOMU.

Amer. C'oit«ii <.>ll, dflb., 8 g.lflOO

At.Top.48.F.- l00-yr.,4g.l989100-y«ar Inconie.&a 1989

AU. 4 Php.— Outir, 4 K 1937W.D. Inc., e« 1910

Brookl'ii KlKVat'il liil.6,K.1924Oau. Suutli." l«t Kuar.,ba 1908S<1,5» 1913

Oent.Ua.—8 k \V. latoon.5s,'290»ntr»lofN. J.-C;ouB..7«.lH99Consol.. 71. 1902Oenttnil njortKaea. •"> (t..l987LeU.A\V.K.,o.>n.,78,aaM.1900do. iiioMifu^v, &ti.....*1912Am. Udi'k tL Imp., 5b 1921

Central rue n<'-Uuid,Us..l8»8Ohee. *Ohio- .Mort.,6 g..iaillet. ..tol.,5(! 1939Geu.'l His, It 1992S.&A.Uiv.,li>tooD.,'2-4R.1989

do 2rtcoii.,4(!...1989Ohio. Burl. & iJ.—Cou. ,7a. 1903X>ebenlurr,38 1913Couverilbl.1 r,» 1903Denver r)ivl8inn,4ii 1922Mebrartka KxU-UKluu,4g.l927

Ohio. A K. III. -l8t.ii.f.,68. 1907Cousol.-tiK 1934General i-ousol. let, 58. .1937

Chicago .ttrit-- let. 4-5 g. 1 982Inooiue, 5b 1982

Ohio. Gu8l.. *C'.—l8l, 5^.1937Chic.MII.AS>t.P.-Ciiu.78.1905

let, Southwi'Bt Dk., 68.1909IBI, 6(). .Mm. Div., fl8....1910lBt,Ch.&Piio.W.Dlv., ."JB. 11)21

Clilc. A- Mu. (Uv. Ulv., ft». 1 920;JWlB. & Mum. Div., 5 ){..192j!J

Ternilual,.') u 1914JJGen. M., 4 g., eerloB A.. .1989 J

Mil.<lNor.—iHt.cou., »g.l913Ohlc.&N.W.-(;iiu8(il.,7B..1915Coupon, i<i>1i1,7b 1902einUuK fuud.Gs 1929

Q—

F

J A JSept.

J AA AJ AM A

InttfilFtrioa.

PrietSrpt.'i

g-jM* MJ A JQ-KMAN

J A JJ A JA A OUA NMASJ A JJ A JJ A JMAN*MAS'F A AMANJ A DAA OMANMA NOofb'rJ A JJ A JJ A

AAAAAA

J AQ—

F

J A UAA O

(§atnt <n 1892.

tovut. Highft.

BlnkiSK fuiia,58 19291 A A OSinking ti

- '" -

25-year il

Sinking (uuil .l«be'i.,5B.l933 M A N~"

<lxi)Kiiiure,5 19011 MAN*£xten8inu, 48 1926 F A 4

Ohio.Peo.&.'<t. l>oai8-5g.l928 M A s;

Ohlo.R.l.Al"iio.-ti8,coup.l917 J A J";

Exlenalou uiiil cul.,58...1934!J A J^

30-year aubem. .58 1931 M A 8:

Ohlo.St.L.Afili. C'ou.,.'>K.1932;A A O,Chlc.St.P. .>!. .iO.-tJa....l93o'J A DjCleveland A Caiitou—5 .. .1917!J A J]

C. C. C. Al. i:ou8..l..7 g.lSlljJ A DGeuer^ilouuBoL.u e 1934 J A J

C.C.C.ASt.l..—Fno.AK.4s.l940;A A OIncome, 4b 1990, April.

Ool. Coal c)> lruu-6g 1900|f A AOol. Midland -Con., 4 «... 1940 F A AOol.H.Val.Ari>l.-Con.,.'>g.l93! M A 8General, 6u 1904'J A D

Denrer AKiuG.—l8t,7 g.lSOOjM A NlatcouBol.iig 1936, J A J

Det.B.Citj.v.*liieud—6g.l913:J A JDet-Mac.A.M. l.'>Uraul8.19] I'A A ODul. 80. Hh. lit A.tl.—6g 1937 J A JE.Tenn.V A li. -Oim., Sg.Jsloti MANKnoxvtlle^v Ubio. 6 g...l9'i5:J & J

Ellz. l.rx. A UU^un.-e g.l9U2 M A 8rt. W. A liein.Clty—(ig..l921 J A D,eaLH.Artau Au. W.Uiv.l8t,5 g. M AN'Han. ABt. JuB.-CiiiiB., 6t).1911 M A 8DUnola Central—4 li 1952 A A uInt. AGt. Nu.—iBt.Hg 1919 MA NCoau.,6 g., Ir.ren.sluipd.l9u9 .M A 8

IowaCeutral-l«l,og 1938 J & UiKenmoky Ceutral—4g 1987 J A J|Kings Co. Kl.— l»l,6 g 1925 J A JIjaolede(iii8-l8t, 6g 1919: Q—

F

takeErleii »Bj(t.—5 g 1937|J A J!L.8hore—Cou.ep., l8t, ;o.l9t>0 J A JCouBOl. uvup.,2(t, 7b 19i)3iJ A D

LonglBlM— l8l, uou., dg..l93l| *i—J ,

General uiuriuuge, 1 g..l938iJ A DLouis. A .NuBU.—CuuB., .«.1898|A A O'M.O. AMoli. lal.tig 193UJ A J,

do. 2d. 6g 193u;j A J.General, Bg 1930 J A UUnltled, 4g 194olj A JKa»b.Fi.A81i.— Istgtd.Sg.'Sf F A A

LoolB. N.A. ACh.—l«t,08.191O J A iOonBol.,6 K 1916 A A O

Lunla. 8t. L. 4 Texas—6g.l9l7 F A AMetro. £levat«d— let, 6i;.1908 J A J*Sd,6B 1S99 MAN

Mloh. Cent.— iBi.eoo., 7a. .1902 M A NOonBol., DB 1902 MAN*

MlLLakeBh.AW.— l8t,6g.l921 MAN*Bxten. * laip.,5 g 1929 F A A

M.K. AT.— lal 4b, g 1990 J A DSd 4B,g 1990 F A A

Mo. Pa<:ino—iBt, oon., S g. 1920 MAN»d,78 1906 MANP»o.oIM_'>.—Ist,ex.,4g.l938 F A ASd e'-teuoed .ie 1938 J A J

11183564|67 -^ib.

im120 b.

105>ib.101*67»ib.110122^a.Ill109^8li 1"^•109 b.

1U9>4117 b.104804|80 "4

78 '...a.

12l>90.102i«b.llTisa.92i«b.87iab.115 u.

121 b.

lomlUl b.

45 b.89 b.

129 a.114 b.116 I..

110>ta.102 b108 u.

lOTijiO.91 b.

114 b.137 b.120 >4

*110 b.

110 a.110 b.

iOS'sb.96 li.

*100 a.

123^8b.lOO'ob.Oils110 b.12oi|»b.

88 b.*130 b.120 b.

I80i9b.

I27 a.

*102 b.

68 a.

! 93 b.lOO^a.*118 b.83>«72ii»a.

41 a.

lomb.*92isb,99 b.

9S'410098>e115 a.103 b.

128 b.

79'sb.89 b.

83>3b.10014a83109 b.119 b.

123 b."116 b.

97'tb.j114 b.'

llBiib.109 b.116

I

*79'iib.'100 b.

109 b.1021896^8

117'sb.]08'»b.121>9107 "lib.

126'«b.106 s791346^111 b.•112 b.96 b.

•106 b

107 Vt Jan.81 \ Fob.53 MayB7 July10 Aug.

Ill Jan.I OS's Jan.1 00 Mar.6.>s8ept.

1 15 Jan.120 Jan.109 >« Jan.109>tiJaii.94 Jan.105>iJau.109 >4 Jan,114>« Apr.103 1« Jan.S03i Sept.76 Jan.75>«.Iau.121>9 Jan.101 Jan.106>ii8ept.9 I'll Fell.

88 Si Mar.U2i«Jau.120!li Apr.97 Jan.97i«Jau.48 Jan.86 Jan.

Ii5>4 .lau.112'4 Jan.I13>« Jan.106 Jan.'•00>^ Jan.103 Jau.103 J an861* Jan.

IIm Jan.137 Feb.123>iJau.116 Jan.105'sMay105 Apr.103 Hi May96 iiiM.

96 Mar.121 Jan.100»s July93 Jan.105 Jan.120 Feb.88 Jau.

128>4 Jan.118-i Jan.79*8 June26 June99 May67 "s Aug.871s Jau.93 Jau.11538 May77«tJau.70 Jan.36 Apr.95 Mar.90 Mar.

' 961s JuneI 81 Mar.981s Jan.955ft May115 Apr.961s Jan.tl06 Feb.7S\ July89 July81 Jau.97 la Feb.80 Mar.10714 Jan.120 Jan.121^ leb.1 13 Apr.91 Jau.Ill '4 Apr.1171s Jan.108 Jan.II514 Jau.7B%Jan.98 Feb.

1 OS's Jau.99 Apr.871s Jan113 SI Jau.105 « Jan.121 May1061s Mav123 Jan.lom Mar.79 Juue

[4S'» July106 "s May1121s Jau.9608 Aug.Iu2 V JjiO

113 >4

85 IS

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119123>«11411410211111311910784'8818OI41261051s114911s911s1181sI23141041041853^94!^132 14

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98%:ii85b1021sIl30

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8296861021s

: 8514,114!l231126ill79713

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1211slloSi1191s82

llOl'sI113

il03is100l,:0i4

1101241s108 -s

1281108354Si

;iii^116100109

JaneJuueJan.

I

Jan.Jan.JulyJuueFeb.Feb. i

JuneMar.JuueJuueAug.JuueJuueFeb.

]

Apr.MayAug.JuneJuue

,

Apr.Jau.JuneAi>r.

I

.MuyJulyA|)i-.

A IT.Feb.

;

June '

Juue .

Apr.I

JuneJuueJuueMayA\1KJuneAug.Apr.May.Mar.June

Mar.Jan.Apr.JuneMayFeb.MayMayJuneMayJulyFeb.Feb.Jan.Jan.JulyMayApr.JuueFeb.JuneMayFeb.Jan.Aug.MayAj)r.Feb.Feb.Aug.Jau.Feb.JuneJuueMayJuueJunoMayAug.Aug.Feb.JuueApr.MayJiuieJuueJuu»iAug.Au^-.JuueJuueApr.Apr.JulyJulyMayJan.Aug.Jau.Jau.J uno

RaILBOAD and MI8OL. BOHD*.\UUitng

Inlt'tU] PriatfirUxtJ Sept.'i

HatnH ntuuj *n I8M.

iMtaal.I

Uiylt»ti,

UublleAOhIo—Mew,6g..l927'j A U 117 b.

General mortgage, 4a.. .1938 M A B 60 b.

Nuh.Oh. ASt.L.-lat,7B.1913 J A J 127 b.

Coa.,ag 1928 A A O'104 b.

N.Y. Central-Extend., 5s. 1893 MAN lOl^jb.lac, ooupoD,7a 1903J A Jil23 b.

Deben.,5g,eoup., I884..1904 M A 8 100 b.

1N. Y. A Harlem-78,reg 1900M A N "120 b.

K. W. AOgd.-Oou.. 58. .1922 A A O 113isb.!n.Y. Chic. A8t.I^-4g...l937|A AO 96«8:N. Y. Klev»ted-7s 1906 J A J 112 b.

N. V. Lack. A W.—I8t.6s..l921 J A J 128 b.

CouBtruutlun, &s 1923 F 4 AUloisb.!N.Y.UK.AW.-lBt,oon.,7g.l920M AS*ILung I>ouk.7s 1893 J A D

I CouB»l.,6g 1935;a a O2duoni<ol.,6 g 1969 J A D

N. Y. Out. A W.-l8t, 6g..l914 M A .?

I

('unsol. iBt. 5g 1939 J A U'N.Y.wus.AW.—l8tref.,5g.l937]J A JMldlandof N.J., 6g....l91o]AAO*

Norf. ASoutU.— ist, 5 g...l94l M A SNiirr. A W.—100-year, 5g.l990 J A

;Md.AWash. UiT.-lBt,3g.l941|J A

Nortb.Pac—l8t,aoup.,6g.l921 J AI General, 2d. coup., 6 g..l933'A A' General, 3d, coup., 6 g.. 1937 J A' Conaol. iuori.,5g 1989 J A1 CUio. A N.P.— 1st, 5 g...l940 A ANorth. Pao. A Mou.—6g. ..1938 M ANorth. Pac. Ter. Co.—6 g.. 1933; J AOhioA.Mias.-Cous.B.f.,7B.1898 J A

I Oousol., 7s 1898iJ A,Oblo8outhoru—let, 6 g...l92l]j AGeuural luort., 4g 192rM

Oinaba .t: 8t. Louis—4g ..1937, JUregou Imp. Co. l8t,6 g.l910:JCousol., .T g 1939 A

Ore.K.ANav Co.—I8t,6g.l909 JCon8oI..5g 1925 J

Fa. Co.—413 g., coupon 19211

J

Peo. DecAEvansv.—6g..l920'jEvansville Div., 6g....l9202d mort.,5g 1926

I'hUa. A Read.—Gen., 4 g.l9o8Ist pref. income, 5 g 19582d pref.lucouie, 5 g 19583d pref. income. 5 g 1958

Pittsburg A Weatoru—4 g.l917|JKicb ADanv.—Con.,6g..l915 JCousol.,og 1936! A

Ricb.AW.P.rer.-Tru8t,6g. 18971

F

Con. 1st A ool. trust, 5g.l914|MRloG. Western— 1st, 4 g.. 1939 JSt. Jo. A Gr. Island—6 g..l925;M A|8t.L. Alt. AT. U.—l8t,78.1894 J ASt. Louis & Iron Mountain-2d,7g 1897 MACairo Ark. ATexas,7g..lS97iJ AGen. K'y Alaudgr.,5g..l931 A A

134isb103°iib.121 b.

103^8lO.-itib.

106 isb.,

•108 a.

Ii7\b.103 b.

92 b.•91 b.11618114 b.108 14b.7.iis

iO\95 a.

*102 b.11014b.llO^b.no b.

6160 b.

102 lab.

65 b.nils

A D 90A J 10614b.A J 102 -nb.

A 8 *103 a.

AN*68 b.

86756758I984%b.

108is».79isa.79 a.

4578%

*96iaa.

MMJ A JFeb.Feb.Feb.A JA JA OA AA 8A J

8t.l.. ASan Fr.— g.,Cl.B.19i)6 M A N6 g.. Class C 1906;MA "General mort., 6 g 19311 J A

81. L.So.West.—I»t,4s,g..l989 M A2d. 4s, g.,iuoome 1989! J A

8.P.M.AM.—IJak. Ex., 6g.l910 M Al8t coDSOl., 6 g 1933

do reduced to 41s g...Montana Extension, 4 g.l937

SauA.AArau. P.—I8t,6g.l910Ist, B g 1926

SeattleL.8,AE.—Ist,gu. 6.1931feo.Car.—l8t, 6 g.,exooup.l920lDcome,6s 1931

So. Pac, Ariz.—6 g 1909-1080. Paolttc, Cal.—6 g 1905-12

Ist, consol., gold, 5 g 1938

108%b.l10*iab.8511314b.113%lOOiab.69%30isb.118 b.

120 b.10188>sb.67 b.*67 b.*93isa.

* 106%b.

JOOJoJD

2d, iuoome, 5 g...~ 2000| March.Tol. A. A. AN. M

8u. Paoiac.N.M.—6g 1911'

J

Tenn.C. I. ARy.—Ten.D.,l8t,6g!A- 1917JBlrm. Div., 6g

Tex. A Pac— 1st, 5 g. .2000:J

102^b.114isb.99%106 b.

93 b.93isb.8429 b.102108 a.

80%90%

lllisb.103%69>sa.93

111

112 Feb.I 611s Apr.126% Jan.103 •• Jau.101 14 .May1231s Jan.107 14 Sept.1191s 8ept.

1 1 1 1 1« Apr.95 Jan.Ill July125 Jan.109 Aug.I3414 Mar.:02is JunoI1714 Apr.10368 Sept.110% Apr.100 J»n.103 Jan.116 Apr.98 Apr.93 Apr.90i4Aug.115 Jau.11238 Apr.10614 July

I

7314 Juue70 >s Apr.941s May105 Jan.Ill Jan.110 Mar.'106 Jan.61 Juue

I 62is Apr.991s Juue64 Apr.

109''e Jan.90 May

105»8 Jau.IO2I4 Aug.100 Apr.68 Aug.83i« Jan.6918 Feb.53% Feb.37 Jau.8014 Jan.tlOD July75 Apr.75 June4II4 Juue76% Jau.94 May107 July

!l07i8 May1041s June83% Apr.

111 Juue111 May106% Jau.67 July27 Julyno's Jau.1181a Jau.97 Jan.87 14 Jau.65 Apr61 Jan.90 Apr.106 Apr.14 Apr,

6g 1924 M A NTol. A Ohio Cent.—5 g 1935'J A JTol. Peo. A West.—4 g 1917JJ A JTol. St. L. A Kan. C—6 g.. 1916 J A DUnion Pacilio—6 g 1899!J A JSinking fund. 8s 1893iM A 8CoUat. trust 4ia 1918iM A NGold 68, col. trust notes. 1894lF A AKan. Pao.-Den. DiT.-6g.l899;M A Nil! b,

lBtcouaol.,6 g 1919iM A N 110 b.Oregon Short Line—6 g.. 1922 F A A 103Or.S.L.AUfhN.—Cou.5g.l919'A A Ol 73 b.U.P.Den.AGulf con. 5g.l939 J A 1> 69iab.

Uuion Elevated-6 g 1937 M A N'i16 a.VirginiaMld.—Gen. m.,5s, 1936 M AN! 80 b.

do stamped guar. MAN 8014b.Wabash—Ist, 5 g 1939 M A NlOo^s2d mortgage, 5 g 1939. F A Aj 79'8Uebeni. M., series B 1939 J A J! 35isb.

WestShore-Guar., 4s 2361 J A J 103iaa.West. N. Y. A Pa.— Ist, 5 g. 1937 J A J 102 b.2d mort.,3g.,5so 1927 A A O 32

WesUUn.Ter.-Col. tr.,58.1938 J A J 103Wis. Cent. Co.— Ist, 5 g 1937 J A J| 83 b.Income, 5 e 1937 ........ 32>«b.

101 Feb.11214 Jau.9914 Mar.lom Jau.89 F'eb.91 Jau.76% July23 July96 July1021s Jan.77 Jan.90 JulyllOagJan.103% Sepc.70 May93 Aug.109 Feb.1081s Jan.101 Juue731a Aug.69 Aug.110 Jan.761s May7913 .May

1031s Jan.7918 Mar.35 July101% Jau.

I99 Jan.31i4July100 le Jau.

I 90 Mar.' 53 June

118 Mar

132 Juna106 Fob.105 Mar.129 June110 Feb.l23i4Apr.II514AUK.100 June1151s June130 June112% July139% Aug.106i4Mar1221, Aug.1091s Mar;116 JaiL108% Mar107 Juiie119 Mar.103 Aug.

! 981. MarI

95 Jan.119 June116>«Mar.111 Apr.80% Jan.

I

82 Feb.103 Feb.|108% Apr.'1151a June|115 JuneIIII4 May

' 66-'8Mar.68 July1041a Feb.

!71i4jan.112 June96 Feb.

llOS-'sJune110 Feb.108 Jan.71 la Mar.9058 Jane7914 Aug.7238 July67 Feb.SOHjune112 Jan.85 Feb.100 Feb.72% Feb.83 Jun100 Mar10838 Jan.

1091a Feb.109 Mar.861a Mar.

115 Apr.115 Apr.11 Juue

371* Jan.1191a Aug.1231a Juno103 Apr.901a M^y75 May70 Aug.97 July1081a Mar.22 Jan.

10714 Jane11« Mar.102 Mar.1081a June97 June100 JuneSols May341a Mar104 Feb.1091s June82% Juue101 May114 la Juneno's Feb.74»aJau.100 Jan.llliaApr.114 Ape108 Jan.83^ FeU.77 la Jan.11614 Aug85 Feb.87 -1078550

Feb.Apr.Jan.— Jan.

105 '8 Juue105 Mar353»Feb.

10614 Jaa»9514 Jo^421a Jan.

KoTB—" b ' Indicates price bid ; "a" price uikvi ; the Range is made up from actual sales only. " Latest price this week. t Coupon off,

NEW VORK STOCK EXCUANHE VVi.\\:,Vi»,-{.KiWi.WviMxA\.—INACTIVE BONDS—SEPVEyiBER a.

8ECCRITIE8.

Railroad Bonds.(Sktelc ezehanye Price*, j

Alabama MiiL— Ist, g., guar.. 1928A'landc Ai>an».— ist g., 68..1917AU. A P11-. -2d W. D., gu. «»,. 1907kit. AOhlo—18», 68, Park B. 19196»> gold 19.^5Oons. mort .roll. Ss 1988W. Va. Jt Puts.— Ist. g., 58.. 1990

Bid. Ask.

'is"91

119110%II314105 '.'.'.'.'.'.

8ECUKITIES.

B. A O. 8. W.. 1st. K., 4i»8...1990Monun. Ri\nr, lstg.,g. 5!<...1019eut'lOhio Iteor.— I8t, 4iss.l930Ak.A Ch.J line -l8t<}{.58,gu. 1930

Booi. U. Tun. A W.—Deb. 3s. 1913BrooKlyn Klovated— ^d, 3-3s.l913Brun.swick >v W'n— 1st, g. 4», 1938Bull. Roeb. A Pltt.s.-Gen.,5».1937Roch. A Pitts.— Ist, 6s 1921do CnnsoIidat'dl8t,fis.l922

Bid. Ask.

105

101105

96

ioi'ii

119llfii*

107100

ll«i«

SECUBITIES.

iurl Ced.Rap. ANo.—Ist,5s.l906Cousol. A collal. trust, 3s. ..1934Mlnu. A St. L.— Isi, 7s. gu..l927lowaC. A West.—l8t, 7B....1909Oed. Rap. I. F. A N., iBt, 68.1920

Ist, 53 1921C.Ohio— '.ol. ACin.M.l8t,4is8.1939)3ul. RR. A Bank.—Col. g.58. 1937Cbat.RomeACol.—Otd g 1937J-ol. nf N. J.—Conv d«b.. Ks l?>0«

Bid. Aik.

104 105V*95 961*115 ...•9710190 9690

90

^O Drlim b'riday: Uituw laxia ui» Iai^ai. aant»Lion« aiade cbla week.

THE CHRONICLE. [Vol. LV.

NEW TOBK STOCK EXCHANGE FRICI^S—INACTIVE BONDS—rContinuedJ—SEPTEMBER 2.

SECURITIES. Bid.

Central Faeiflc—Gold bds, 68, 1895Gold bonds, 68 1896Gold bonds, 6s 1897Ban Joaquin Br., 68 1900Mort. gold 5s 1939Land grant, 5s. g 1900C. <fc O. Div., eit., g. 59 1918West. Pacillc—Bonds, 63....1899Ho. RaUway (Cal.)—I8t,6a.l907SO.rear 58 1938

Olies. & O.—Pur. M. fund, 63-189868, gold, series A 1908Craig Valley—1st, g., 5s....1940Warm Spc. Val., 1st, g. 58. .1941

Ches. O. &. So.Wcst.—Ist 6s, g. 19112d, 68 191101i.V.-Gen.con.lst,gu.g,58.1938

OWcago & Alton—1st, 78 1893Sinking fund, 6s 1903Louis. & Mo. Blrer—1st, 7S.19002d, 78 1900

Bt. L. Jacks. & Chic—lst,78 1894MlsB.R. Bridge—1st, 8. f.,63.1912

Oliic. Burl. &Nor.—lst,58....1926Debenture's 1896

CWo. Burling. & Q.—5s, 8. f..l901lOTra Div.—Sink, fund, 5s. .1919Sinking fund, 43 1919

Plain, 43 1921Chic <k Indiana Coal—1st 5s. 1936

1 hi. Mil. & St. P.—lst,8s,P.D.18982d, 7 3-lOa, P. D 1898l8t, 78, $ g., R. D 1902l9t, La Crosse Division, 78.1893let, 1. & M., 78 1897

•Mst, I. & D.,7s 1899in .Bt,CAM., 7s 1903

18t, I. &D. Extension, 78. ..1908I-. l8t, LaC. &DaT., 58 1919Ifllst, H. & D., 7s 1910.. l8t, H. & D., 58 1910r Chicago & Pacilio Div., 6s. .1910

Mineral Point Div. 53 1910C. <fe L. Sup. Div., 58 1921Fargo & South., 6s, As3U...1924Inc. conv. sink, fund, 53 1910Dakota &Gt. South., 5s 1916Mil. & Nor. main line—68 ... 19 10

1 hic.&N.W.—30 year deb. 5s, 1921Escanaba & L. 8. 1st, 6s. ...1901DesM. & Jlinn.—1st, 7S....1907Iowa Midland—let, 8s 1900Peuiusula—Ist, conv., 7s. ..1898Chic. <fe Milwaukee—1st, 7s. 1898Wlu. & St. P.—2d, 78 1907Mil. & Mad.—1st, 68 1905Oct. C. F. & St. P.—Ist, 53.. 1909Northern 111.—Ist, 58 1910

Cii-Peo. &St.L.—Con.l8t,g.5j.l939B.I.<SiP.-U.M.& F. D. let 43.1905Ist, 2is9 1905Extension, 4s 1905

Keokuk ADes M.—Ist, 5s.. 1923Ohio. St. P. & Minn.—1st, Os...1918

St. Paul &S. C—Ist, 6s 1919(aic. ife W. Ind.—l8t, 8. f., OS. 1919General mortgage, 68 1932

Chic. & West Mich.—58 1921Oji Ham. &D.—Con.s.f., 8.19052d, gold, 4I2S 1937Ctu. D. & Ir'n—Ist, gu. 5s, g.lUll

CBn. Jack. & Mac—1st, g., 5a. 1936Olev. Ak. & Col.-Eq. & 2d 63.1930O.C.C. & St. L., Cairo div.—48, 19396t.Lou,Div.—I8tcol.t8't4s,g.l990Spring.ACol.Div.—l8t,g. 45. 1940WhiteW.Val.Div.—l8t,g. 4s. 1940Clu.Wab.&M.Div.—l8t,g.48.1991cm. I. St. L. & C—lst,g.,48.1936Oonsol , 6s 1920Cln.San.&Cl —Con.l8t,g.5s, 1928

Ol.Col. Cin. & Ind.—1st, 78,8.f.l899Consol. sink, fund, 7s 1914

Oleve. AMah. V.—Gold, 5s... 1938Colorado Midland—1st, g., 6s.l936Columbia A Green.—Ist, 63. ..19162d, 6s 1926

Dal. Lack. AW.—Mort. 7s.... 1907Byra. Bing. A N.Y.—Ist, 78.1900Morris A Essex-Ist, 7a 1914Boude, 79 190078 of 1871 1901l9t, con., guar., 78 1915

DeL A Hud. Can.—Ooupou 73,1894Pa. Div., coup., 7s 1917Albany A Susq.—l8t,gu.,78 1906

l8t,cons., guar., 63 1«06Bens. A Bar.-l»t, coup., 7s.l9'ii

Usnver City Cable—1st, 68. . . 190SDen v. A R. G.—Imp., g., 53... 1928Duluth A Iron Range—Ist 53.1937F.Tenu. Va. A Ga.—Ist, 78... 1900

Divisional 5s 1 930iBt ext,.gold, 58 1937£q. Almi).,g.,5s 1936Mobile A Birm.- Ist, g., 5s. .1937Alabama Central—1st 6s. ..191b

Irle-lsi, extended, 78 18972d, extended, 53 19198d, extended, 4'ss 1923Ath, extended, 58 19206th, extended, 48 19281st, con., g., I'd, 7» 192UBeorg., Isilleu, 68 1908B.N. Y. AE.—l8t, 7s 1916K. Y. L. E. A W.—CoL tr.,68.192aFunded coup., 58 1969Buff. A S. Wl-Mortg. 68...: 1908?5"f^'^"C"^*> «"• 8- 58 ....1909OoalARR.—68 1922

L urcka Springs—ist, g., (is!! 11933*v»u«. A T.H.—l8t,con8.,6s..l921Mu Vemou—Ist 66 1923Bui. Co. branch—l»t, g.. .591930

105 >«

1061*10810898100100109

100109117

1017s>119116112lOOJ^105%'IO5I8

104%'IO6I496*4*86ii

122ii126>s1211s1211s1211*1251261aI0212*i26

118

103*110

104114

109122•126

i'l3'*128104104104

95

115

123'

•91

87%94

ibeislie130

i09'

*1S5131ii141 li

110123137i«109

126120*142's981s79

111101*o8TOis

114*117i»

•102

1341s112•80lOOis104

Ask.

101

II214

111120

10472

1089678

IClis1181s125130121's123125

12s105119

105

105II7I4luOOs

10079

100125

lOO

117

10b Is

133

110144131

101

1121s

62

87

115

110

•12219100123

SECURITIES.

Brans. A Indian.—Ist, cons.. 1926STlnt A P. Marq.—Mort., 6s. . .1920Ist con. gold, 5s 1939Port Huron-Ist, 5s 1939

Fla. Cen A Pen.—1st g. 5s.... 191

8

n Worth A R.G.—Ist g., 5s. .1928Gal. Bar. A San Ant.—Ist, 6s. 1910Gal. H. A S. A.—2d mort., 7s .. 1905West. Div., 2d 6s 1931

Ga. Car. A Nor.— Ist, gu. 09, g 1929Ga. 80. A Fla.—1st, g. 6s 1927Grand Rap. A Ind.—Gen. 58.. 1924G. B. W. ASt.P.—1st 68.rects.19112d income, trust rect8

Houeatonic—Cons, gold 58 1937N. Haven A Derby, Cons.5s..l918

Hous. AT. C—Waco A N. 7s..19031st g., 5s (int. gtd) 1937Cons. g. 6s (int. gtd) 1912Gen. g. 4s. (int. gtd) 1921Debent. 63, priu. A int. gtd.1897Debcnt. 4s, iirin. A Int. gtd.1897

Illinois Central—1st, g., 48 . ..19511st, gold, 3I38 1951Cairo Bridge—48 1950Springf. Div.—Coup., 68.. -.1898Middle Div.—Beg., 58 1921C. St. L. AN. O.—Ten. 1., 78.1897

1st, consol., 78 18972d, 68 1907Gold, 53, coujion 1951Meiup, Div., Istg. 4s 1951

Dub. AS. C—2d Div., 7s.. .1894Ced. Falls A Minn.—1st, 7s. .1907

Ind. D. A Spr.—1st 7s, ex. cp.l906Ind.D.AW.— I8t5s. g.,tr.reo..l9472d, 5e, gold, trust receipts.. 1948Inc. M. bonds, trust receipts—

Int.&G.N'n—lst,6s,g.,cou.off.l919Kanawha A Mich.-Mort. 4a. 1990Kan. C.Wyan.AN.W.—I8t,5s.l938Kings Co.- r.El.,lst,5,e.,ga. A. 1929Lake Erie A West.—2d g., 53.1941L. 8h. A M. So.—C. P.AA.—79.1892Buff. A Er.—New bonds, 78.1898Det. M.AT.-lst, 7s 1906Lake Shore—Div. bonds, 79. 1899Kal. All. & G. R.—Ist gu. 59.1938Mahon'g CoalRR.—1st, 5s.l934

LehighV.,N.Y.—1st gu.g.4i2S.1910Lehigh V.Term.— 1st gu 58,g.l911Litchf. Car.A West.—lBt6s. g.l916Long Island—1st, 78 1898N. Y. A R'way B.—Ist.g. 53.19272dmortg., iuc 1927

N.Y.&Man.Beach.—1st, 7s, 1897N.Y.B.AM. B.—lstcon. 5s,g.l935Brookru&Montauk—lst,63.1911

l8t 53 .1911SmithtovmAPt.Jeff.—iVt.Ts 1 901

LouiS.Evans.A St. L.—Con.59.1939Louis. A Nash.—Cecil. Br, 78.1907E. H. ANash.-Istes, g....l9l9Penaacola Division, 6s 1920St. Louis Division, 1st, 63. ..19212d, 3s 19S0

Leh. Branch Extension .. .1893Nashv. A Decatur—l8t, 78.. 1900S. t.,09.—S. & N. Ala 191010-40, gold, 63 192150year 5s, g 1937Pens. A At.- Ist, 68, gold... 1921Collat. trust, 53, g 1931

Lou.N.Alb.ACh.—Geu.m.g.5s.l9 10Lou. N. O. A Tex.—Ist, 43 19342d mort., 58 1934

Louis. St. L. A Tex.-2d g, 63. . 191Manhattan Ry.—Cons. 4s 1990Manito.S.W.Coloniza'u—58 ,g. 1931Memphis & Charl.—6a, gold. .19241st eon. Tenn lien, 78 1915

Mexican Cent. Consol.—4s, g.19111st, eons, income 3s, g 1939

Mexican National—Ist, g., 6s. 19272d, income, 6s, "A" 1917

Micliigau Central—63 1909Coupon, 5s 1931Mortgage 4s 1940

MU. L. S.&W.—Conv. deb., 53. 1907Mich. Div., 1st, 63 1924Ashland Division—lat, 63 . .1925Incomes

Minn.A St. L.—Ist, g. 78 192Iowa Extension, Ist, 76 19092dmortg., 7s 1891Southwest Ext.—lat, 78 1910Pacific Ext.—1st, 63 1921Impr. A equipment, 63 1922

Minn. APac—1st mortg., 53.1936Minn.St.P.AS.S.M—l8tc.K.4s.l938Mo.K.AT.—K.C.AP., Ist,4a,g.l990Dal. A Waco—l8t, 58, gu..,.1940

Missouri Pacific—Trust 5s. ..1917Ist coU., 58, g 1920St.L.AI. M.~Ark.Br.,l8t, 78.1893

Mobile A Ohio—1st ext., 68... 1927St. L. A Cairo—Is, guar 1931

Morgan's La. A T.—Ist, 6s....l9'->01st, 7s 191b

Nash. Chat. A St. L.—2d, 6s. .1901New Orleans A Gulf—lat, 63 .1926N. O. A. No. E.—Pr. 1., g., 63.. 1915N. Y. Ceut.-Deb. g. 43 1905N. J. June—Guar. Ist, 4s. ..1980Beech Creek—Ist, gold, 4s. .1936Osw, A Rome—2d, 58,g.,gu.l915Utlca A Bl. Riv. -48, g., gu.l922

N. Y. N. H. A H.—1st, reg. 4s. 1903N. Y. A Northern-Ist, g., 58.19272d, 48 1927

N.Y.OntAWn.—Ist,refuu.4a.l992N. Y. Susq. A West.—2d, 4is8.1937Gen. mort., 58, g 1940

N. Y. Tex. A Mex.—I8t,4s.gu.l912' Ho price iTridfty; these are tne latest quotation* made this wee*.

Bid. Ask.

100

72

34141051s

122

101OS's

*781021s

107112llUs'IIII3

96 41

89

11076

871s

102115124

•11714108lOS103 >s

115

221s

1021s1111051151s60100112'102lOlis102101101%74%95

85

9537

'1181s

•95

123

128

10310090%

871s81104 3i

112124%103

•ib'g"•lOOis

1041s

107 14

6282'e

85%

11138125

1021s

74102102

787310235

112^81'28106i»

66 >4

93ia07's

116's981s

92120Vj

291*

101 "s

104112%

871s106

112%

102

74%

118

109

13210512915

879081%

10616

113

106

101103 "s

ioi"

ids"

8314

88 >9

119 '

SECURITIES.

North'n Paelflc—Divld'd scrip extJames River Val.—Ist, G3. . .1936Spokane A Pal.—1st, 6s 1936St.Paul A N. P.—Gen., 69.. 1923HelenaARedM'n—l8t,g.,69.1937Duluth&Manitoba—l8t,g.6sl936Dul.AMan Dak.Div.—Ist63.1937Cocurd'Alene—1st, 6s, gold. 1916Gen. 1st, g., 63 1938

Cent.Washington—I3t,g.,6s.l938Norfolk A West.-General, 68.1931New River, 1st, 68 1932Imp. A Ext., 63 1931Adjustment M., 78 1924Equipment, 53 1908Clinch Val. Ist 58 1957Roanoke&So.—l8t,gu. 58, g.l922Scioto Val. A N. E.—l8t,43,.1990

Ohio A Miss—2d consol. 7s.. .1911Spriug.Div.—Ist78 1905General 5s 1932

Ohio River RR.—1st, 5s 1936Gen. g.,5s 1937

Oregon A Califor.—1st, 58, g.l927Oreg. Hy ANav.—Col.tr. g..58.1919Pan. Siuk.F'd Subsidy—68, g. 1910Penn.-r.C.CASt.L.Cn.g.4>ssA1940

Do do Series BP.C.AS.L.-lst,c.,73 1900Pitts. Ft. W. A C—1st, 7s.. .19122d, 78 19123d, 73 1912

Clev. A P.—Cons., 8. fd., 78.1900Gen. 4is9, g., "A" 1942

St. L.V.AT.H.—lst,6a.,78.18972d, 73 18982d, guar., 7s 1898

Gd.R.ALExt.—lst,4i93,G.g.l941Peo.AE.-Iud.B.&W.-lst,pf.78.1900Ohio tnd.AW.—l8tpcef.58..193S

Peoria A Pek. Union—1st, 6s .19212d mortg., 413S 1921

Pitts. Cleve. A Tol.—lat, 69.. .1922Pitts. A L. Er.—2d g. 58, "A". 1928Pitts. Me. K. A Y.—1st 63 1932Pitts. Painsv. A F.—1st, 5s. ..1916Pitts. Slien. A L. E.—l8t.R.,58.1940Pitt8.Y"g8t'uAA.—lat, 59,oon.l927Prcs. A Ariz. Cent.—Ist, 6s, g.l9162d income 63 1916

Rich. A Danv.—Debentuie 68.1927Equip. M. a. f.,g., 58 1909Atl. A Char.—1st, pref., 7s.. > 897

do. Income, 63 1900Wash.O.AW.-lst,48,gH.cy.,1924

Rloh.AW.Pt.Term.—6s. '97, tr. rec.Col. trust 5s, 1914, tr. rec

RioGr. Junot., lat,guar.,g.,59. 1938Rio Grande So.—1st, g., 5a.. .1940St. Jos. A Gr. Is.—2d Inc 1925Kan. C. A Omahii—1st, 53. .1927

8t. L. A. A T.H—2d pref. 7s. .18912dm. inc. 78 1894Dividend bonds 1894Bellev. A So. 111.—1st, 88...1896Bellev. A Car.—1st, 6s 1923Clii.St.L.APad.—Iat,gd.g.5sl917St. Louis So.—1st, gd. g. 43.1931

do 2d income, 59. 1931Car. A Shawt.—1st g. 4s 1932

St. L. A 8. F.—2d 6s, g., cl. A. 1906Equip., 7s 1895General 53 19311st, trust, gold, 53 1937Consol. guar., 4s 1990Kan. City A 8.—1st. 63, g...l910Ft. 8. AV. B.B". -Ist, 63...1910Kttosas Midland—Ist, 4a, g. 1937

St. PAil ADiUuth—l3t,5a....l93]2d luortgage 5s 1917

8t. Paul Minn A M.—Ist, 79. .19092d mort., 69 1909Mimieap. Union—lat, 69 1921;Mont. Cen.—1st, guar., 6s. .19371st guar. g. 5s 1937East. Minu., 1st div. Ist 59.1908

San Krau. A N. P.—lat, g., 53.1919South Carolina-2d, Os 1931So. Pile. Coivst—1st, guar., 43. 1937fer.RR. Aa'u of St. L.- lst,4 ^ss. 1939Texas Central—1st, s. f., 78... 1909lat mortgage, 78 1911

Texas ANevv Orleans—lst,78. 1903Saliine Division, lat, 68 1912

Third Avenue (N.Y).—Ist5s, 1937Tol. A. A. A Cad.—6a 1917Toledo A. A. AG'dTr.—g. 6a.l921Tol. A. A. A Mt. PI.—6a 1919Tol. A. A. AN. M.—53, g 1910Ulster A Del.—1st, cou.,6.,53. 1928Union Paciflo—lat, 6s 1896Ist, 6s 18971st, 6s I89bCollateral Trust, 6s 1908Collateral Trust, 5s 1907Kansas Pacilio—lat 6s, g...l893

1st, 63. g 1896C. Br. U. P.—F. c , 73 1895Atch. Col. A Pac.—Ist, 63... 1903Atch. J. Co. A W.—Ist, 6s... 1905U.P. Liu. A Col.—lst,g.,53. 1918Oreg.8.L.AU.N.,col.trst.,5s.l919Utah A North.-1st, 78 1908Gold,5s 1926

Utah Southern—Gen., 78. ..1909Extcn., Ist, 78 1909

Valley R'y Co. of C—Con. 63.1921Wabash—Debenture, Ser. A.. 1939No. Missouri—1st, 78 1893St.L.K.C.AN.—R.E.ARR.78.18931St.CharlesBr'ge-lat.Os. . . 1908

West. Va. C. A Pitt3.—1st, 63.1911Wheel.AL.E.—l8t. 58, gold. ..1926Exteii.sion A Imp. ir.. 59 1 930

Bid.

101'95

'118•90IOII4

1221201091s

82II8I4

103 13

971s•.•)6

72

104104

1401371311181s

1101021s

113

111

89

io'i

85

76IO314 104

As>.

100100

101%

ibs"

121

931a10383%

103

100%75

10438

1381a133120

1001161a

971a

78

102'

104%62 >a

112

lOQis

721a

lis"-*10092•806658

•90

1071a106103118

102

'95"

85103106i«10814IIOI4

82'10510710082

103101

100 19

99%

106•105 >a

'i09

108 >a

lOm65

110

681a

119

115103

11597

901a

87107

83%"74"

1031a

102

ibf"

11094

For muscellaaeoas ic Unlisted Bonds-See 3d page preocdln*.

Septbmbeb 8, 1802.J .THE CHRONICLE. ,869

ABeTRACT FROM KKPORT8 OF TUB NATIONAL BANKB MADE TO THE COMPTROLLBB JOLT 12, 1892.

1893.

f Msinntl N.IlHiiipalilre.tt VeniMHit

a"

BoBtOIlMiiKv., other ..

Rhoilo Islund.

^ Cooueotlout...

I Total Dlv.No.l

I New York City^ ni-ooklyn

3 Albany„ N. Yolk, otherNew Jersey...Philadelphia..

3 PllteburgI Penn»., other.

I ToUl Dlv.No.2

r Delaware* Baltimore ....

9 Mar}'luiid,oth.Q WasliliiKton

. .

.

2 Diet. Col., oth.E VlrRlnla

^ Woat Virginia.

I Total Dlv No.3

f North CaroUnaIBouthCaruUnu

I OeofKla ,

IFlorida

,

fl Alabama ....*> MlMisslnpl..

g New OrleansM lA>ul8laua, Oth.B TexasX Arbanpjw

I

Louisville ....Kentucky, othTeuuettsee

Total Dlv.No.4

f Cincinnati..

.

t Cleveland .. .

a Ohio, other ...

j IndianagChloaKo

,

lUlnoifi, other• Detroit8 MlchiK'n.other• Milwaukee^ Wlacon8iu,oth.

I Total Dlv.No.S

IDesMoines..

lows, other..St. I'anlMlnneinwlls.

.

_ Minnesota,otb

f 8t.LoiU8....8 Bt. Joseiih...S KaoBasClty...C Hlaaouri, oth'rk Kansas"l

Omal^ikI Nebraska, oth.1 North Dakota.IBouth DakotaToUl Dlv.No.6

f Nevada2 Ban Francisco.S C'allfornia,oth.2 Oregonf Washington.lTotalDlv.No.7

f Arizona..,.

J Colorado..• IdahoT MontanaS New Mexice .

.

J Oklah'a & I. T.a UtahS Wyoming..

1 Total Dlv.No.8

795349552!36984

592

II-

2243

1

362

159

23143V1»2lbK'11

2J210107256

SstO

1310

21410722

1888

963

73734

OapUaL

11.010.000B.2 17,5007,: 60,0011

53,100,00045.942.00020,277,05023,024.370

166,731,420

49,606,0001,352,000l,5.^0,000

33.164,06014,456,61522,46",OOli10.900,06037,869,190

I71,356,b05

2,133,98513,243,2603,661,7002,575,000252,000

4,656,3002.736,000

29,158,245

2,,'.88,50O1,623,0004,538,8001,350,0103,919,0001,164,0003,625,000810,000

26,202,8001,600,0004,901,500

10,507.90010.473,953

Surplut.

«2.0^2,9311,572.017l,h72,450

14,027,40015,470,3674.686,611

_T^545,41647.857.185

40,331,4172.035,0001,302,000

10,S47,27:6,924,70(1

13,811,3036,632,581'

16,557.062

98,641.342

964,3364.477,9001,308,4581,160,000100,000

2,434,400656,997

11,102,091

737,566887,600

1,240,555259,000934,253428,708

1,909,16i238,752

4,809,823482,000

1,014,8002,838.2032,260,945

73,305,133 18,291,373

9,100,0008,030.000

26,647,60013,428,00021 ,"00,00016,956.0004,400,00010,634,000

S.'O.OOOP,.'.02,150

2,f3-i.0001,750,0007.092,3284 613.19!'lo;004,5006,0l0,02f648,000

3,iy8,93J475,000

1,89'',216

4154

57

5»941058

1439

1283341

663

22

344168

147

118.557,950 38,3Jti,2lJ4

700,00013.625.0004,800.0004,874,0005.492,000

10,700,0002,000,0006,800.0004,eio,ooD

12,667,1004.150,0009,3*3.6002,465.0002,66<>,000

84,896,700

282.0002,500,0005,72.5,0004,415,0007,640,000

20,562.000

4529

3412101412

147

270.0008,985,000625,000

4,740,0001,050,000499,510

2,800,0001,140.000

20,109,540

311,5002,997.161)1,29«,000639.000

1,061.5731,616.000209.000832,500712,76:'

1,710,658510.500

1.652.292500,26962S,K75

14,760,105

128,000950,000

1,2,')2,058851,0.')0

1,719.131

4,903,189

34,1502,239,050194,000716,800209,88021,200

944,800195,600

4,558,480

DepotUt.

Individual.

13,066,2037,095,8979,074,162

115,43:«,17275,085,43119.197.27334.816.044

3ti9,»&8,l>-2

276,624,^9115,956,5406,98'<,243

91,039,85152.241,501

II 3,661.60486,287,968

105,933.631

691,656,235

4,677,87627,163,?949,632,818

10,481,979974,r52

15,277,3796,111,»58

Othtr.

Loan* d dlt-

count*, tincl'uottrdrafl*.)

$157,844222,19343,990299,1M87,56988,686

198,473

1,097,906

0l5„i58101,85145.000

49i,52l>252,276199,794317,705331,731

2.686.244

46,021159,3694.>,00071,602

503,95;.50,00'

74,219,756 934,94:

8,785,1593,231.0805.900,6234,754,5235,728,6611 ,902,667

14.514.8901,582,0 9

29,614,126V,179,9055,323,ri33

12,796,73416,228,067

100.00.153.090106,45175,86187,9j9

107,711,672

22,598,99820,094,57362,386,1703,=>,755,191

80,333,81352,999,31710,748,2*330,790,3686,365,437

23,619,961

345,900,601

1,582,1729,471,74110,>l87,7919,133,616

15,'i01,50319.894,6753,503,616

10,118,9418,193,482

20,311,09910,197,94218.449,5225.948,7914,312,436

168,066.362

412,3203,492,730

12,534,99110,199,07313.837.774

40,476,S88

459,55827^43,3311,939,671

15,025,2202,582,605867,236

4,646,57 ,i

2,455,788

55.319,981

315,83377,971

330,000581,454293.801

2,1^3.12

721.03773,9^1

474.017536,676258,73083 1,94'

297,67889,961

301,737133,723

3,741,466

Oold andBold a. a.eerlijUale*.

21,284,98211,576.93214,114,115

161,213,41)2108,881,93187,231.04749,131.701

403.434,170

363,627.16210.880.93H8,24 7,473

101,620,82649,951.05399,014,70139.603,867

103.314.434

768,444.051

5,379,74181,640,1409,915,7487,820.967613,853

13,713,1S07,008,664

78,100,242

6,032,o595,481,7719,876,33m4,157,6107,534,6572,459.163

12,624.7642,086.527

47,188,1333,0.9,180

11,76'«,79121,207,29'>22,X72.379

156,358, •i2r.

29,704,22.183,69,193,36.H03,

1(:4.82751.23616.75133,5423,886,

23.712

OoldTrtatury

certiHctttM

9714,m5296,.)94362,719

3,613,4592,678,216490,681

1,626,899

9,781,273

li,676,984171,965300,90'.

3,422,0091,181,320

10,320,6392,120,79(.4,453,751

64,726,4Uu624,50049«,,500635,110314,320

4,587,200583,2004.54.9101

35,937,013 62,341,260; 3,391,v!2-«

127,518989,94

.

403,71!)208,6»770,483

526,9.^8258,359

2,585,666

223,87^99,766

3 '.8,74363,351

324,39191,638

165,68850, 1 1

1,697,99590,163

463,628470,282581.75

4,641,39H

891225,3t0,785864

i.372.932.9391,813.208

397,2^8.789

123.607472.92347.81137.077

250,00044.91090,679

272.113398,561

147.005

l,886.t86

97,508202,764383,74851,333

73-),353

402,88649,094

227,445171,833

119,787

971,043

Total for U. 8. .. 3.759 684,678,2031238,239.971 1.753.339.680 14.180.0tf6 2,127.757,191 105221083 85,53o,10u 13.045,898 235233 -9 137030O16

2,519,04136.059.11415,113,26312,802,39613,305,71830,301,4145,532,633

17,422,1999,801,327

23,445,46211,922,97421,916.8986,762,0985.359,453

217, 164,041 13,114,214

413,1.30965,39"816.05530«,e8H,182,580,6ti6,690,017,09.T394,730711,310

1 376,88.-'

28,21)0.581'

75,6"'029,62013,090

6,678,960228,020191,490367,350

7,484,OjO

SUter.

88,676100,48479,16'

184.142687,606142,17621B.7tS

1,397, ^BO

StiverTreattiryetrti/te'lat

a,477,Stf-

61H,H3061,79626.133

512,012310,652675,115221,577910.308

6,830.47o463,93<'15,6;0

.394,7216''0,296

2,611,392500,753768,120

14,2'iO1,32;,580

7'>,2101,094,750112,0 JO52,67024.130

2.72o.«i!<»

3,380150

19,2801,200

30,6604,040

63J,7ir11,401'

121,51114.82057,50046,150132,100

1,074,930

61,264131,73192,63342,1689,045

159.5'358,956

853,69

85,4)9176.324303,653108,607168,38941,9ti4

132,17471,612

872,02151.13038.5*81)3,142313.317

2,527,391

181,4^31,595,1682,079.299734,803697,084

1,651,759156,522

1,320,87.5300,360

1.036,1162,200,1911,006.928227,330223.024

743,3 IM6,200,801

13.8'26,72512,980.83216,619,853

50.27 l,72'.i

47,57..938,595

1,679,9601,412,1171,776,615

5,974,»69

65,1302,372,293202,992819,665177,37345,269

794,993258,146

4,766,071

729,1602-2,000200,820576,0301

6,16«,110l453,13060,047,030120 00051,3 ,)0

12/55J-,^H

Ceo.ltn^n*U.B.elfi.o/depoM.

i274,469183,126293,201

«,8.M,0672,227,881663,017806,669

10,362,633

48,487,2991 ,060,292502,074

3,016.9432,673,60511.508,7312,341,6674,283,047

73,905,858

72,j»o1,203.163129,829652.36976,231

130,56254,721

171,8163.761,781338.561704.51132.125

1,008,642452,901

2,221,2ni| 6.173,343

21U,uu«209,505366,826298,861299.675177,023

1,330,04357,715

2,389,061139.342845,687690,068

1,371,4282,0lu.2/l| 8,315,941

9,»17,11,703

161,7048.2'15

55,13620,377

9 5.47066,571

332,36139.311'24.000!47,13!>|

239.353

8,996,4711

110,610103,131319,069421,378368.092173,09066,191

236,9.5031,233

13',ll!»

430,00.276,000

170.67 8191,2021

1,766.2J3'137,323]136,417135,11331,610

101,067

2,523,3 7/ 3,C3l,i3.T

2,320 21,35412-',0S0 296,04112,000 127,2531,510 89,114

1!',31<' 115,0j52,175,420 58,345

61,840 38,524113,120 195,56317,:- 50 81,27054,620 254,15411,500 156,01728,160 12'i,92522,680 45,37912,620 45,983

2,966,2141.473,0003,518,0992,264,059

10,910,7962,042,4911,218,619911,988369.775597,799

26,304.830

186,7871,261,319493,528453,230439,756

1,114,048275,653

1,144,150440,673

1,050,320839,850544,568237,408263,148

2,65t,330|l,636,f27 2,033,9-i.<

| 9,052,638

2,75012,9003,040

28,66

47.350

69,5504,030

65,7103,970

,"80

65,6101,210

210,860

2.i'25

33,610174,20596,283

149,0071.5(),U6il

10,036262.90516,437

117,63421,78818,96363,77522,306

533.H69

1,.5212,500

28,19115.26130,039

1,39018,218

137,84943,867115,756

75,hit 317,080

8.V,2ei9,172

33.92 -i

3,95111,26111,9996,635

167,209

20.3271,391,930

56,317622,29271,30650,08589,71935,917

2,307,893

Totals forRlHKUVCCities. 4c.

BeKnirce$.

LoansBds for circ.

OlIi.D. S.bds9tks, bds.ic.

Doe fr.bankn

Beat estate.,

e.colnictfiSU.colnictfs

L. tend notesU.S.ctf8. depNaUbk notes

Cl'r'gH.exch

Other res'ces

Totals

Liat/iUtia.

Capital stoek

Bnrplus fondUndi. profits.

Clroulation..

Dvetodep'rsDae to banksOther Uab's.,

MiU't.

16123»

•6

6137-3

ii-8

10 2

•J-3

SB•a

•8

10-8

•ii

33-1

140614-8

11036-4

•1

MUV$.333-6

6-H1-8

31-434-7

l«-66S-4»»

37-7

10 8

IB30-64-8

49B405143-7

•.i77-S

^33•fl

109-s

•2

2-J*!'

-2

'1

•6

II

21-0

-S

1-4

-4

•5

16-0•1

.Wll's

8-2

8•I

•6

4-6•8

8

-4

•1

•1

•2

•1

13 8 17 6 8

MW'».»9C4-2

•2

3-2

'.23'2

3-9

14-9

333-2

6-3•2

it-a

1

•2

•3

Afil'D

39'«1-8-3

1-5

90353-0

as

•8

1-9

•B

64-5

AfU's

31«1-3

•2

1-8

6 3

1-6

'is1-8

11a-7

•2

1-8

•8

i-ii13-8

3-6

7-0 103-D30-5

•2

3-1

10-B

661-1

1-5

3«'B

13-24-3

•fl

1-1

37 S

7-6| 3-3

•2 •«

I '• .'4.»-s'

MWt7-8

-7

•3

171-1

IS•fl

•2

-4

13-6

S-61-2

•2

•5

106•4

itfit'i

i'.i-a

1-0

•2

'2-4

3-8

•e

f.

1214

-1

1-0

•2

3"3-8

3-8

19-4

-8

14-53-5

JUil's

118•B

•8

•2

•i-2

-4

B•1

•8

-1

1•a

17^

4-»

10-8

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5-9

4-8

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39-fl

3-7

1-2

3-0

s-o•4

1-2

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3-0

1-0'4

-8

•8

3l-4

9-1

371-0

3-2

33138

•8

mi't

•ii-6-7

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1-2

2IB

-1

4•1

338

8-0

17-8

-8

30-241•6

mu'i.]!irwa

104-8 16 S

1-2

1-8

6836-01-3

3103-1

981-8

1-3

6B-5

177-7

31-910-03'

•8

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itl 4l;fVa

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4-«•1

1-1

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1-2

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447•4

-4

11-08-6

MU'B5-9-8

•3

•8

31-1

b-1

•4

108

-8

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•«

•2

6-7

3'S

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3-5•1

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2

1 »*••?l^^.^^

46

•7

•3

•I

11

w :g

.Vii'n

13-1-3

•5

•8

3-3

1131•3

B

•1

•4

•1

334

4-8

1^8

1-1

•3

1114-&I

MU'a13-8

-3

-2

3-8-4

•7

•1

•6

•1

•4

•I

1!?4

4-9

-8

3-6

IfiCs

30-3•4

•8

3-2

4-7

IX3-81-2

1-4

-2

1-5

•8

47-4

10-7

1«•9

-4

301137

MU'a•ifV

-8

•1

156-3•8

1-7

-6

14

-«

-7

-8

IO^mI .l-fll-Ji-l^i 1'.-4'1» 4

-Vll'*

11-0-7

•B

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6-4

1-0

32-2

8

•»

•6

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374

8-8

11•2

-7

13713-8

-l'

-33-1

4-26-2

-e

lOO9-0

Mii'i

6•^

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3-6

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.Vii'ns

1.U18319

6819134140337-.

337

8714

1,730

3441093)36

8334»3

31.»3'i

tS

MU'm.1.1101311183

33-JS3311339

143

33

MiVtu.

t.ViS1633013143387101381143S319046

1,774

4411393311394674

3,i»<t

6S333!*SS141

amIS

a_.4Bt

370 THE CHRONICLE. [Vol. LV.

IwxrjestmjetitAMD

flailrxrad Iwtjellxjgjeujcje.

The Investors' Supplement, a pamphlet of 150 pages,

tontains extended tables of the Stocks and Bonds of Rail-

rotids, and other Companies, with remarks and statistics con-

cerning the income, financial status, etc., of each Company.

It is published on the last Saturday of every other month—

vix., January, March, May, July, September and November,

and is furnished unthout extra charge to all regular sub-

teribers of the Cheonicle.

TKe General Quotations of Stocks and Bonds, occupying

rix pages of the Chronicle, are published on the third

8aturdar of each month.

RAILROAD EARNINGS.

BOASSLaUtl Eamingt JBeported.

Week or Mo 1892

Allaglieny Yai.A.toli.T. iSiS.Fe..

Halt owned..Total syatera8tL.&8anF..Half owned..Tot.8.L.&S.FAgg. total .

.

AtUntaAObar.'Atlanta &F1 or'

a

AtUnte&W.Pt.B.dkO.£astLlne;WMtem LineeTotal

Bal.&O.Sonttiw.BathAHam'ndi>BIT. A Atlantic.Blr.8h.*Tenn.EBrooklyn Elov..Bna.Roob.&PltiBur.C.Kap.&NOamden <!iAt.l.

OanadianPaGincOar.Cum.G&Ch.Car. Midland...Central of Ga...Central of N.J.

.

Central Paolflo..Central of 8.C..Chsr.Cln. AChicOharleet'n&SavChar. Sum.&No.Cheraw. ADarl.Oheraw.&Salial)Cbes. AOhlo....Cbes.O. &6. W.Ohio. Bur. & No.Chlo. Burl. & q.Ohio.diEaBt. m.CUoago & Ene.Chlo. Kal.&S...Ohlo.MU.ASt.P.Ohio. &N'tliw'n.Ohla.Feo.&S.L.tCWo.R'kl.&P...Chlo.St.P.&K.O.OWo.St.P.M.&O.Ohlo.&W. MienCln.Oa. APoris.OIn.JackAMao.Oto.N. Q. iT.P.Ala.Ut.Suutb.N. Orl. A N. E.Ala dtVicknb.VlciB. Sb. & P.Krlanger Sysi.

Olnn. Nortbw'D

.

Oln. Ports. A v..

Col. & Maya

V

Oln.Wab.&Mich.(SeT.AkronAC'olClev. Can. &So.OLCin.Cb.&B.L_Feo. <fc Eaat'n.eT.A Mariettaolor. Midland,W.H. V. ATol.

Dol.Bhawnee&BOolnea A Lake,Qonn. River...Current River.Deny. & Bio Qr.Dee M. No. & WDetBay (.'.AAlii

I>et.Lane'gAN(>DoluthB.S.&AtiDalnth A Wlun.B.Tenn.Va.AGangln Jol.AEaetBTana.AInd'pll>.BraniT. A T. HntohbiirgiUnt.&P.Mara.

1891.

Florencert.W. ARloQr.Oa.Car'laANoeeOTglaRR.....e«o.Bo. AFlB..SeOTget'nAW'DSr.Bap.&Ind..

L Cln.R.AFt. WOther lines. ..

Total all Hues.•randTmnk...Ohio AQr.Tr.

July.3d wk Aug3d wk Aug3d wk Aug3d wk Au3d wk .\^ug

3d wk Aug3d wk AugJuneJulyJuneJulyJulyJuly3d wk AugJuneJulyJuneJuly3d wk AugJulyJune3d wk AugJuneJulyJuneJulyJuneJuneJulyJuneJulyJuneJune3d wk Aug3 wks JulyJuneJuly3d wk AugJuneJune3d wk AugJuly3d WK AugJuly3d WE AugJuly3d wk AugJuly3d wk Aug3d wk Aug3(1 wk Aug3d wk Aug3d wk Aug3d wk AugRd wk AugJulyJuly.JiUy.June3d wk AugJuly .:

3d wk Aug3d wk AugJuly3d wk AugJuly3d wk AugJuly.June3d wk Aug3d wk AugJulyJuly3d wk Aug3d wk AugJulyJulyJuly3<1 wk Aug|3d wk AugIJune3d wk AugJuneithwkJulyJuneJulyJulyJune3d wk Aug3d wk Aug3(1 wk Aug3d wk AugWk Aug27WkAugZO

223,719688,91331,566!

720,479;147,22130,938178,159898,63750,4748,448

28.6321,639,422450,462

2,089,88360,3711,7903,233

21,206140,92063,510

315.05577.626

420,0001,1436,006

544,9281,310,9281,332,641

5,7089,500

41,2929,1004.3991,073

231,202105,669152,963

3,214,136105,125202,137

Jan. 1 io Latest Date.

1892.I

1891.

220,9711 1,

636,112 21,27,125' 1,

683,237 22,137.675! *.

26,468 1,

164,143 5,

847,38027,58.6137,985

27,559,753,263 10,

455,292096,81.5125,295222,109166,135102,207268,310490,451354,436

465,814,219.07759,9011,5043,463

17,911135,09260,223

272,67376.670

391,0003,3306,197

334,528495,162

6,77813,37549,8318,6305,411800

206,215133,011157,387,761.49682,382

210,132

602,6152,796,630

30.0721,475,167110,489726,68240,6406,248

16.12670,88927,52819.1438,5228,470

134,5521,828

22,6411,103

71,72521,83889,000

318,96432,85024,29248,641

277,58214,0952,280

101,5523,33 7

223,30033,37627,68026,82856,2838,233

488,54967,49411,60027,822

653,14949,2351.6497,546

22,111103,23564,8643,333

52,75510,3954.718

67.868384,98269,396

506,9531,563,12327,715

.376,91996,171

656,56237.0116,15216,35080,00729,38416,4509,0287,574

142,4431,474

23,5001,145

65,12220,30675,673

306,26341,85125,04939,475

313.73313,6672,749

92,5283.120

163,90024,79640,79926,88455.1286,262

545,99165,8538,766

27,513

208,792853,911377,515231.425619,27110,33723,787

110,476

1,389,14319,668.1641,053.740

20,723,!10o4,022,9241,034,2665,057.190

25,781.003400,166

973,6J6256,739299,803,867.58416,09531,868

8.051,1416,794,520

49,99679,310

351,31980,06138,3869,722

5,730,7591,147,046971,861

21.430.9762,482,5491,364,272

23,94719,261,71017,659,826

794,1379,556,765

217,08210,482.2813,102,631

13,584,9321,485,449

9,03330,27492,291

1,718',7351,880,264304.24

1

11,889,05621.85333,832

4,712,1431,200,079

37,286424,600

2,632,1831,071,829764,220368,221318,099

5,152,35211,418

134,8118,083

391,133613,573462.080

8.695,2611,090,542180,903

1,304,8991,833,544428,82812,361

562,970116,910

5,598,827224,321210,591734,079

1,428,86871,224

465.510232,362797,014

605,780; 3,533,33853,0451.6057,3335.753

126,77978,8863,530

53,49610,3274,883

68,506417,33967,008

1,826,!?9419,012

196,41291,232

798,273431,44324,029

1,568,600304.929148,310

2,018,14412,473,2872,375,014

7,839,7067,669,697

50,27985,371

419,70257.87352,85112,562

5,498,2001,216,042967,433

17,531,0812.323,9601,224,414

24,46816,128,84014,723,476

686,8238,554,447

3,873,4901,066,163

36,204454,132

2,688,9351,157,S:39687,715367,686345,517

5,245,69311.854

129,2516,998

310,355588,4033^9.712

8,368,4351,014,707194,176

1,286,3131,691,974316,85713.485

516,27696,583

5,127,388173,116280.680753,690

1,348,81943,596

377,422220,163761,871

3,307,2171,831,066

23,861124,44856,9:3

1,031,753437,08821,829

1,502,432276,170146,199

1,921,73012,087,8702,285,614

BOADg,

Gr. Tr.—Cont.-Oet.Gr.H.A M

Qnlt <fe Cblcago

.

Great Nortb'n-Bt. P. M. & M.East, of Minn.Montana Cent.Tot. system.

Hnmest'nASbenHutch. ASoutli'iiIllinois Centr'i..Ind.Deo.AWestIn. AGt.Nortb'ntinteroo. (Mex.)Iowa Central...Iron Railway...J'k'nv.T.AK.W.KanawhaAMict)Kan.C. Cl.&SpK.C.F.S.&Meni.K.C.Mem. ABir.Kan.C.Wy&N.WKeokuk A WestL.Erie All. A SoL.Erie A West .

Lehieh A Hud..Lehiuh Valley..L. Rock A MemLong Island—Louis.AMo.RivLouis.Ev.ASt.L.Louisv.ANaahvLonis.N.AACh.Louisv.N.O. ATLou.St.L.&TexMemphisA Cba>{Mexican Cent..tMex.Natioual .

[Mexican R'wa.xMilwaukee A Nil

Mineral Range..Minneap. ASt.L.M.St.P. AS.8.M.Mo.Kan.AToi.tMo.Pac.AIronMMobile A Ohio..MontereyAM.GNash.Ch.A8tl-..N.Jersey A N.Tf.

New Orl. A So'nr/lN.V.C.AH.KS. Y. L.E. AW.N. Y. Pa. A ObldN. Y.AN.Eng.N. Y. ANorth'u.N. Y.Out. A W..N.Y. 8u8(i.A W.,

Norf. ASouth'n.NorfolkAWeat..N'theaafu (S.C.I

Nortb'n Central.Northern Paoiflc

Wis. Ct. Linos.N.P.AW.Cent.

OhioA MissOhio KlverOhio Southern..Omaha A St. L..

Oregon Imp. Co.Pennsylvania ..

PeonaOec.AEv.PetersburgPhila. A Erie...ehila. A Read'gCoalAIronCoTotalboth Cos.Cent, of N.J.

.

Lehigh ValleyPitta. Mar. &Ch.Pitt.Shen.AL.E.Pittsl). A WesfnPltts.Ciev.AT.Pitts.Paiu.AF.Total system

Pitt. Young.AA.Pt. Royal A Aug.Pt.Koy.AW.C.ii.Pie.s.itAriz.C'en.feluincyO.AK.C.Rieh.ADanville.Vlr. Midland..Ohar.Col.AAu.Col A GreenV.

West. No. Car.Georgia Pac .

.

Wash.O.A W..Ashv. A Spart.Total Sya'm.

Rich. A Petersif.

Rio Ur'de SouthRio Gr. West

.

Sag.XuscolaAll.Bt.L.A.AT.U.BVSt.L.Ken'et&SuSt.L.i:outbw'iuSt.i'auLADuribSan Ant.A A.P..Sandersv ATeu.B. 1 ran.AN.Pao.8aT. Am. AMou.Bav.Fla.A West.BllvertouBlouxCityANo.South Bound . .

.

South Carolina8o. PaciHo Co.—Gal.Har.AS.A.Louis'a West..Morgan's LAT.N.Y.T.AMexX'ex. A N. Orl.Atlantiosya.tt.Paciflo.systemTotal of all..

8o Pao. itR.—Coast Div'Cal.)Sou. DlT. (Cal)

Latest Earnings Reported

Week or Mo

Wk Aug 20July...

JulyJulyJulyJulyJulvJulyJulyJuly3d wk Augv\k Aug. 63d wk Aug.rulyJuly3d wk Auff3d wk .'Vug

3d wk Aug3d wk AugJuly3d wk AugJuly3d wk AugJulyJune2d wk AugItbwkAugJune3d wk Aug3d wk Aug3d wk Aug4thwkMay3d wk AugJuly3(1 wk Aug3d wk AugWk Aug 203d wk AugJuly.. .

Juij....July3d wk Aug3d wk AugJulyAprillulyJuneJulyJulyJulyJuneJuneJuly3d wk AugJulyJune3d wk AugJune .....July3d wk Aug3d wk Aug3d wk Aug3d wk Aug3d wk AugJulyJuneJuneJuly3d wkAugJuneJuneJulyJulyJulyJulyJuneJulyJulyJanuary...January...January...3d wk Aug'JulyJuneJune r.

Ijuly'JulyJanuary...January...January...Jauuar.v...January...January...January...Januiry...JulyJune3d wk Aug3(1 wk Au^July ;

3d wk AugJuly3d wk AugJulyJuneJuly2d wk AugJuly|M.avJulyJune

IJuneJuly

JuneJuneJuneJuneJuneJuneJuneJuro

June .

June

.

1892.

924,6062,171

984,119,74,

1,178,9,

10,1,468,

43,72,37,42,2,

40,o,

3,

87,17,

22,8,

6,

81,40,

1,540,

124i34,33,

414,71,55,13,

103,160,82,37,

35,11,

173,284,208,579,243,57.

430,26,

3.793i2,784,

3t»9,

56^77,

160,42,

220.41,

587,496,121,617,113,21,46,48,

349,5,578,

19,48,

419,1,881,1,835,3,716,1,310,1,540,

2,

33,94,38,15,51,

118,13,16,13,21,

432,141,68,71,63,

182,9,

11,947,31,13,60,11,31.2,

88,203,107,

18,47,

207,10,37,14,87,

,631,048,688,367,300,224,380,614,145,8'

735602,151,882,347,938,275,471,179,2-0,515,083,811,020,393,563,554,190,580,788,28'

,437,710,923,911,923,298,676.397,490,000,840970,833,84':

,185,039,659,742

,883,968,436,669.889,224,686,104339,443,715,025,729,268,200,672,589,335,927.253,499,752,928,811253,812,819047116,751,814,458,223000204900500300,600,500,900,720,700430720223,700021720,466,700357037392769974273000776305700

1891.

26,9972,861

825,01672,896103,406,001,31813,2957,153

,501,85651,18069,022

33,5352,359

39,8265,7975.594

79.61419,72322,2848,2995,719

65,43337,472

1,516.72012,586

113.18536,39935.486

402,4 -21.

66,47072,33711,071

124,733137,34983,64267,38135,81415,19.=)

151.831206.136177,452514,000266,33372,85.1

330.45428,59211,503

3,713,4302,818,392581,826

47,68865,927

157,705

268,45144,515

566,194447,423120,042567,465105,66316,26747,67339,87"

329,4435,679,782

17,33942,847

468,2761,936,8741,879,4633.816,3371,334,5281,546,720

4,21734,573107,04929,37115.58947,623

184,13219,79221,63316,83018,619

526,9001183,300195,700,90,90082,500

168.3009,900

14,0u01,107,020

29.4576,090

53,9009,046

24,6701,815

78,000157,038137,830

60820.08636,170

231.64713,54133,444

Jan. 1 10 Latest Dal*.

1892.

S730,19,

6,573,591,045,

7,810,77,50,

10,584,259,

2,155,

627403

.482,127806414.700003,527813,741

1,13619,

506,231,194

3,042,65<',

182,237,45

2,113,243

,185,244,863524,143,04 8,232,390,122743,936,769

114,717

3362,923203,838,

13.2601,981,1,42340377k:

4,897,2,6341.963,1,044,

76,1.080,1,661,5,548,

16,110,1,893,297,

2,912,143,75,

25,176,17,577,3,386,2,906,302,

2,182,930,223,

6,032,363,

3,916,13,998,3,318,17,516,2,391,436,344,271,

1,823,38,274,

528,287,

2,326,12.660,12,019,L'4,685,

8,051,

22,207,94,38,15,

1,504,840,116,133,74,

149,432,141,68,71,63,

182,9,

11,

6.986,178,389,

1,598,61,

884,20,

2,536,1,056,639,

3,

502,279,

1,373,38,

195.83,

754,

,639.938040,813,209,673.762,374,057,25(1

.223,897,392.263949415183000897661.984354548848,86268500482623957036370!9181659u0079980754234490928180124926768,748780446226141

324,59) 337,215 2,066,74,665 74,736 490,

356,273 371,942 2,349,

16,621 18,731 98,

126,243 128,703 787,901,479 932,626! 5,845,

3,058,993 3, 119,354' 16,265,3,960,473 4,051,980 22,1 1 1,

204,643594,715'

208,615 997,515,240 3,581,

,514,306,819,047,116,939,186,892,128,397,210,900,500,500,6U0,500.900,720,700,986,772,901,297,473,523,229,997,143,196,114295,186,143,201,644701,353

149.-,^17

82209458590.525425

238683

1891.

9716.67120.989

5,134,403487,842725,865

6,348,11088,69937,449

10,063.149260,166

2,191,251

1,015,08820,680

489,322194,637184,770

2,819,919697.358158,548241,48440,693

1,991,496238,556

383,4612,788,173190,987936,474

12,278,6691,718,3411,483,424311,948838,099

4,428,1562,635,8012,620,2961,031,3.35

78,763896,917

1,150,1035,430,245

14,891,0001,978 862293,593

2,398,759130,42997,093

23,823,87416,604,3163,142,8282,918,416232,074

1,877,938910,683

5,617,323422,958

3,741,79714,061,3703.149,60717,210,9762,593,241414,963306,160217,310

1.863,74537,153,193

551,132280,957

2,289,38711,881,67810,316,28422.197,9637,839,796

25,087166,291107,04929.37115,589

1,384,413606,531193,441212.28375,016141,357526,900183,30095,70090,90082,500

108,3009,900

14,0007,705,829168.848143.459

1.539,63354,250

850,04511,657

2,431,215903.173722,276

3,428490,113268,056

1,500,79952 620

212,149

833.569

2,023,876449,872

2,593,112N6 426

740,4135,933,896

10.677,t3622,611.532

969.S653,042.617

Skptbmbeb 8, 1893. J THE CHRONICLE. 371

BOIDS.

Jane ...

Juno ...

Jiinn ...

Ji ly....Tuno ...

July....July.....Inly. ..

,Iulv....

.<(! wk Allg

.lulv....July....:i(l wk AukIII wk Aukill wk iu)fItliwkAuKJuly....luun

8o.Pao.nu.-Co;iArlsona Otv..Hew Mez. DIv

Bpar. Un. * ColBUt«u IkI. R. T.BtonyCI.ACMt..Bammlt Brandt.L.yken« ValliijTot'l liolh r'D'H

renn. Mtillnnd..Teiu JkPaoltturn.8.Val*.\.\Vr<)l. A. A.A N. Mri>l. Col. A Ciii.fol.AOIilDOtiutTol. P. A vv«m..»ol.8t. L. AK.nTol.A8(i. llaveuUlster A Del....Onion Pa»iitl<<—

Or. 8. L. A U.N.Or.Ry.AN.Co.On.Pac.D.AO.atJo.AOMIal.Ulotb. Un«a..TotuU.l'.Sya.

'«nt.Br.AUL.Tot. ooui'led

Hontiiua Un..£*»v.T<ni. A 8.Uan.AI.A Bur.Jolnt.owii'd...Granil total.

Tarmont ValleyVabasbWest JerseyW.V.Cen.APltts.Western of Ala.WestN.Y. A Pa ^

We«tVlr.APltt.s.i.MayWIieellnK<fe t.. E. ;<il wk AugWU. Col. A Aug. JunoWrtghtav. ATftn. Liuly

.

LaUtt Earnings Seporltd,

WMkorMo 1893.

«171,16682.430«.U1

155.103.5.674

90,1)3880.108

180.016l.'S.lS.i

101.2165.0 te

02.3888,121

32,89321,00075,4502,570

36.S21

604,991411,633510.00235.812

1891.

•154.17182.8SH8.6.28

113.7075.492

111.00379,65

:

191.53710.107

119.3903.218

84,7.560.004

31.29718,3ilO62.0392,781

36,016

Tunc ..

.luiic ..

Iun« ..

3il wk AugJune 2.037,3021 i,S31.-200Tuno 3,7.')6.77:)'3,417.786Juno

I

109,437! 51,123•I uuo 3.866,209 3.498,909June 103,116Juno 2,437Juno I 2,825.luno

I108,407

Juno .

Juno .

002,395438,6)1462.00021.9M

40.0722.4763,11S

5l,66tl

Jan. 1 lo Latetl Dale.

1802. 1801.

o.^g.sos502.03052,9 10

014,13314,193

743,2.'0580,079

l,33i),108li>2,710

3,741,40727,041

617.332203,687951, 1 17003,632

l,35-4,22014,539

171,233

3,291,9311,900,4752,71H,019727,20.)

10,538,15019,077.516

005.08219,63'2.398

553,665lH,12Si19,557,

591.350,

«907,187511.31401.007

591.89913,070

7^8,401344,315

1,272,7701(10,991

3,975,57424.450

.593.223210,220895,.i336S0.8S0

1,230,99115,447

158,101

3,702,1802,571, l:):i

2.474,560499,870

9,802,19518,915.805

300,98519,222,700

394.87714.15119.82.)

429.147..3.920.4,13 3,524.7.H 19,978,27-1 10,437,361

3il wk AukJuuoJulyluuflJuly.

17,107317,000151.6078.J,68037.124

299,50030,10029,28153,1765.162

15,823303,000140,66685,97035,450

333,8 S911,43026,78558,0030.244

80.0298.497.5201711.610618,118122«,584

1,912,019

897,725413,33638,076

82,5633,2.53,26

1

092,736633.413203,213

2,009,602

792,199502,05952,580

• KiKures cover only that pan of mlloaKe located In South Carolinat Earnlnss elvftn aces on whole Jacksonville Southeastern Syatom.JKansas city A Paoillo Included In both years, d Includes earnings

trom ferries, etc.. not given separately. ; Mexican ourrenovInclude Rome Watortown & OgdensbucK.

^Figures

Latest Gross earningrs by Weeks.—The latest weeklye&rnins^s in the foregoing table are separately summed un asfollows:

'^

Our final statement for the third week of August shows6-07 per cent gain on 76 roads.

3d vtek of August.

Prey'lyreport'd 1 36road8Atota. Top. A 8. Fe

1892.

Roads J'tir owned >9..l

fit. LouisA 8. FrRoads J'tly owned «.

Salt. A Ohio Sonthweat'nCbloaKO A Kast. Illinois..ChloaKO AOranrt Trunk.Ohlcago A West .Michigan<31ncinnall Jack. A .\taok01n.N.O. AT. Pac. (5 roadsjOlere. Akron A Columbus<3l6Te. Cln. Chic. A St. 1...

Peoria A EasternColorado .MidlandOoL Shawnee A HookingCurrent RiverDetroit Gr. II. A Milw...i>etrolt I.ans.A NorthernDalutli So. ah. A AtlanticFlint A Pero -MarquetteGrand Rai)ld.s A Imliana

Cincinnati R. A Ft. W..Other 11 II 08

Intemal'l ,tGt. North'a!Kanawha A MichiganKan. City Clin. A .Spring.Kan. City Ft. M. A .Mom..Kan. City Mimu. A BirmKeokuk A WesternMexican -Siitioual.Mexican RailwayOhio A MiasissiupiOhio RiverSt. Joseph A Ur. Island..St. L. Alt. A T. H. Br'ouesToledo Peoria A Wesl'o..

Total (76 roads)Ket Increase (8 07 p. o.)

95,583,366088,91331,566147,22130,93860,37:105,12569.39640,61016,120

134,35221,838

318,90432,83t49,04114,0933,337

24,00620.82856,23349,23552,73510,3934.718

72.1135,8825,347

87,93917,2758.179

82,92357,911

11.5,71521,02535,81231,72021,900

1891.

8,130,531

*5,091.831650,11227.123137,67526.40859,99182.33207,00^37,01116,350

112,44320,300

306,26341,85139.47.)13,0073,120

20,99720,88155,12853,04353,4je10,3274.9 8.

J

69,0725,7975.394

79,61419,7258,29983,04207,381!

103,66316,207,21,03ll24,070!18,390

Increase.

1.53212,701

0,106428217

1,15;

08

3 07385

8,324

10,0524.75813,8017,0303,310

7,528,913 693,044007,718

Decrease.

S48.011

2247,891

9,001

3,3;) 1

56

3,810741

163

247

2,43012J719

9,470

93,926

Net Earnings Monthly to Latest Dates.—The table fol-lowing sliows the net earnings reported this week. A fulldetailed statement, including aU roads from which monthlyreturns can be obtained, is given once a month in thesecolumns, and the latest statement of this kind will be foundm the CHRONICLE of August 20. The next will appear in theissue of September 17.

. Gross Earnings ,

„ .1802. 1801.

R6tt(i4, A •£

At. T. AS. Fe.b....July 2,94;" ,007 2,81.-(,535Jan. 1 to July 3 1... 19,007,650 17.ect0, 838

R'd8j'tlyown.(ia) bJuly 145.653 127,313Jan. 1 to July 31... 1,020,307 973,401

Total Atch. syi.b.Julr 3,088.000 2.045,378Jan. 1 to July 31... 20,037,023 18,664,290

8t.L.A SanFr..b.July 607,520 584,158Jan. 1 to July 31... 3,717,250 3,62?,272

IJl'dsj'tlj own. (>a)b July 143,297 121,937flC Jan. 1 to July 31... 1,008,168 953,761

Nel Earnings, .

1892. 1891.S ft

968.131 837.3165,521,911 5,293,768

17,700 do f. 5 27173,393 d*r.l2,S8l

935.831 830,7885,695. ;;05 5,282,384202,911

l,43'-,354

20,979184,325

. Gross Kartiinas. .

1892. 1801.Roads. % $

TotS.LAS.F.flys.b July 730,817 708,003Jan. 1 to July 31... 4,72.5,117 4,576,033

AgneKato total. b.July 3.839,479 3.051,873Jan. I to July 31. . .24,702.119 23,2l0.:t23

C»nadlan Pacific..*.July 1,790.005 l,e80,5')2Jan. 1 to July 31. ..11,018.584 10,712,0.50

'^hesaDeakoAOhlo.nJuly 877,216 864,112Jan. 1 to Inly 31... 5,079,790 4,879,535

(;blo. Burl.AQiiin.b.July 3,214,130 2,701.495Jan. 1 to July 31... 2 1,450,970 17,531,031

Calo. M.ASt. Pnul.a.July 2,716,900 2,300,5.52Jan. 1 to July 31. ..17,417,472 14,017,350

lack. Tam. A K. W..Jiily 40,131 39,820Jan. 1 to July 31... 30U,803 439,322

LoiiUv. ANashv...bJuly 1,831,271 1.800,791Jan. 1 to July 31. ..12,003,819 11.053,144

Lontiy.N.Alb. A C.a.June 285,175 339,299.Jan. 1 »o June 30... 1,499,440 1,271,954

.V.Y.L.E.AWe9tern.cJuly 2,781,659 2,813,302Jan. 1 to July 31. ..17.577,302 10.0 '4.310Oct. 1 to July 31. ..25,777,591 24.209.114

Xorfolk * West'n.«..July 801,161 700,776Jan. 1 to July 31... 3,385.143 5.038,716

Northern Central. b.July 337.836 50J.194Jan. 1 to July 31... 3,910.163 3,741,797

.VorthcrnPaclflo...bJuno 2,060,069 1,895,332Jan. I to June .10... 10.409,923 10,703,931July 1 to June 30. ..24,001,457 23,131.514

Wig. Cent, lines.. bJuno 517.882 42ii.527Jan. 1 to June 30... 2,012.390 2.320,648July 1 to Jkiue 30... 5,343,90 4 5,2 43,714

Tot. both Co.'s...b.Tune 2,577,931 2,322,359Jan. 1 to June 30. ..13,0">2, (10 13,030,378July 1 to June 30. ..30,205,421 30,397,258

Ohio A .MUsisslnpi.aJnly 320,516 330,383Jan. 1 to July 31... 2,270,140 2,235,865

Rio Grande Weat'n b July 249,707 219.550Jan. 1 to July 31... 1,417.407 1,390,033

. Nel Karnings.^—,1893. 1801.$ *

383,810 315,3411,010,078 1,414,6391,209,050 1,082.127,314 082 6,007,523

081,943 603,4314,004,427 3,610,943301,790 230,709

1,271,560 1,129,43/1,096,077 1,130,4670,760,900 0,148,083

861,3.50 725,3135,270.954 4,233,138

5.774 12,841227,392 22 1,576636,»02 091,201

4,0;J8,035 4,050,716 .

104,490 00,314479,001 197,434'933,025 •1,102,031

'5,018,874 •3,728,8708,331,392 •3,290,726

352,9231,502,980168,293990,033

1,023,9834,129,910

278,5041,000,448

165,4231,123,342

616,2003,935,001

10,433,092 10,211,143215,625 1.50,334875..538

3,017,727

1,239,0093,003,480

772,0141,333,415706,594

4,703.51412,332,819 12,099.587

82,626 76,594434,006 615,07795,579 103,971491,306 489,314

a Net carnlnns hero given arc after deducting taxes.b Net earnings here given are before doauotiiig tt.tos.

c Net earnings are here given after deducting taxes on property.•After deducting proportion due roads oporitol on a percentaga

basis, net in July, 139i, wis .6731,317, against $313,071 In 1391,January 1 to July 31 $1,173,418, ag,ainst .f l,30d,772, and October 1to July 31 $6,173,891, against *6,174,483.

Interest Charges and Sarplas,-The following roads, in

addition to their gross and net earnings given above, also

report charges for interest, &c., with the surplus or deficit

above or below those charges.'-iHter't, rentals, rfc.-, ^Bal. of Nel Eami.s

1892. 1891. 1892. 1891.Roads S 'ft 4 jft

CUo. Burl. AQuin...July 810,000 795,186 280,077 335,281' 1 to July 31... 3,670,000 5,560,303 1,000,300 581,779Jan.

ANNUAL REPORTS.

Colnmbia & Greenville RR.(For the year ending June 30, 1893.^

The receivers of the Richmond & Diuville RR. hive fur-nished the Chronicle with the resuli; of operltioa^ oa theColumbia & Greenville R. R, in 1S91-93 as below givdn :

KABXINOS, B.XPEM3ES AND Cn\ROE8.1889-90. 1890-91. 1891-92'

S S $Gross earnings 812,231 875.134 7.'iO,709Operating expenses and taxes 589,371 051,500 397,546

Net earnings 232,857Det.luel~

Interest on bondsBoutals, eto

Total

Deflolt...

223,934 153,163

180,00073,3 iO

253,39629,112

130,00077,986

237,986

104,833

Newburg Dutchess & Connecticnt.

(For the year ending June 30, 1893.^

From reports to the Railroad Commissioners of N. Y. thefollowing is compiled.

1889-90. 1390-91.$ £

Gross earnings 193,519 175,909Operating expenses 137,745 145,672

Neteamlngs 15,774Other income 320

Total 46,100Deduct-

Inl«r«it on bonds 11,100Other interest, &o 409Taxe* . 5,912

Total 17,731 21,553Surplus 28,379 8,964

• OKNERAL DALANCB 3IIB&T JVSK 30, 1392.

30,237280

30,517

10,5004,9316.102

242,7531,412,468

2,383 )

2,170

Assets,Cost of road("o.Ht of equipment...Real attateCash on handOpen aceuuntsSupplies and taaterials.Due by agents

.*2,531,40158,1691,223

19,13710,90317,8171,0 3

LtabUiHes.Capital Stock $1,Funded debt 1,

I.o.tns and bills payableOpen accountsAuditel vuuchor.4, Ao..Rshl estate inortga.gos.Profit and lo« (surp.)..

1891-93.»

178,^05132,377

41.128245

41,373

11,3000.6125.^64

23,776

17,597

100,000390,30010,000

02510,09565,00093,515

Total ;...3,670,034^ Total $3,670,024

372 THE CHRONICLE. [Vol. LV.

Dankirk Allegheny Yalley & Pittsburg.

("For the year ending June 30, 1893.^

From reports to the N. Y. State RR. Commissioners tlie fol-

lowing is compiled

:

EARSINGS, EXPENSES AND CHARGES.1889-90. 1890-91. 1891-92.

$ $ $

Gross earnings ?Qc'qI?Operating expenses i.no,aiii

265,603194,457

278.893195,160

Net earnings 38,140

Other income

Total 38,140Deduct— j,„

Taxes y,ooo

Interest on bonds 203,000

71,1515

71,156

10,493203,000

83,713142

83,855

9.780203,000

Total 212,583

Deficit 174.448

GENERAL BALANCE SHEET JUNE 30,

Assets

Cost of road '....$4,278,531

Cost of equipment 262,72oCashouhand ^^'lonOpen accounts , '* SMaterials and supplies. 12,007Due by agents 8,516

Total $4,580,973

213,493 212,075

142,337 128,220

1892.

Liabilities.

Capital stock $1,300,000Funded debt 2,((00,000Loans and bills payable 242,463Miscellaneous 22,701Profit and loss (sur.) ... 115,809

Total $4,580,973

$29,56740,390

Prospect Park & Coney Island.

fFcr the year ending June 30, 1893.^

From reports to the N. Y. State R. R. Commissioners the fol-

lowing is compiled

:

1889-90. 1890-91. 1891-92.

Gross earnings $145,433 $158,267 $159,387Operating expenses 112:927 124,247 129,820

NetearninKS $32,503 $34,020Otlier income.; 37,929 38,844

Total $70,435Deduct— „

Intereston bonds $57,890" •• floating debt 2,510

Taxes 2,924Rentals 11.500

Total $74,854 $85,991

Deficit $4,119 $13,127GENERAL BALANCE SHEET JDNE 30, 1892.

lAabililies.Capital stockFunded debt.

$72,854 $70,457

$62,5247,9152,52213,000

$66,1007.0384,03013,000

A KSf.fjt

Cost of road ^..$1,003,746Coat of equipment 129,327Bonds of othei comp's.Caeb onliandBills receivableOpen accounts.Profit and loss (def.)...

Due by agentsMaterials and supplies

420,00015,24221,93318,946

110,232210907

Interest on funded debt,due and accrued

Rentals unpaidOpen accountsIncome bondsAudited voucliers andpay rolls

Loans and bills payable

$90,218

$19,761

$250,0001,016,000

29,9906,5007,777

250,000

4,484155,800

Tetal $1,720,552 Total .$1,720,552

N. Y. & Harlem (4th Are.) Horse KR.fFor the year ending June 30, 1893.^

This company has reported to the State RR. Commissionersas below. The amount spent for betterments was $56,759.

EARNINGS, EXPENSES AND CHARGES.1889-90. 1890-91. 1891-92.

Gross earnings 881,250 951,692Operating expenses (exclu. taxes) 639,276 697,375

Net earnings 221,974 254,317Otberincome 57,388 52,142

Total 279,3!)2 306,459Deduct—

Fixed charges 23,651 27,089Dividends (iig per cent) 250,000 250,000

Total 273,651 277,089Surplus 5,711 29,370

GENERAL BALANCE SHEET JUNE 30, 1892.

1,054,168768,053

236,11550,307

336,422

33,865250,000

283,86555,577

Liubilities.Capital stock $10Funded debt 12Div. and int. unpaid .

.

Bills payableOpen accountsProfit and loss (surp.). 2

OOO.OOO,005,000

2,02941,47410,270

,799,114

_Afiofiio

Cost of road $22,100,587Cost of equipmeiit 1,500,380Long Isl.LandFert.Co 6,000Cash on hand 15,215Bills receivable 738Open accounts 1,155,352Supplies on hand ..'.. 79,615

Total $24,857,887 Total "$24,857,887

Harlem Bridge Morrisanla & Fordham (Horse) Railroad('For the year ending June 30, 1893..^

This road has reported to the New York State RailroadCommissioners as follows

:

EABNZN08, EXPENSES AND CHASGBB.1889-90.

sGross earnings 171,953Operating expenses 1 59,797

Net earnings 12,156Other Income 1,067

Total 13,222Deduct—

Interest on bonds 3,955Other interest 258Taxes 7,826

Total 12,039Sorjlus .i 1,183

1890-91.

182,782181,141

1,638955

2,593

3,850446

7,529

11,815

def.9,232

1891-92.$

178,616161,374

17,372

Betterments were |5,771.

GENERAL BALANCE SHEET JUNE 30, 1892.

Liabilities.Capitftl st05k $350,000Funded debt 76,000Loans payable 51,000

Cost of road '. $403,236Cost of equipment 43,578AdvancesGush on handOpen accountsMaterials on handDue from individuals.

2,4095,5644,3122,720

29,662

Total $491,481

Profit and loss (surplus). 11,481

Total $491,481

Forty-second Street ManhattanTille & St. Nicholas Aye,

(Horse) RR.

CFor the year ending June 30, 1893.J

From the reports to the State Railroad Commissioners the fol-

lowina; is compiled. Betterments for the year amount to$60,680

:

EARNINGS, EXPENSES AND CHARGES.1889-90.

Gross e.tmings 423,686Operating expenses (excl. taxes). 240,733

Net earnings 182.953Other income 8,778

TotiU 191,731Deduct —

Fixed charges 51,417Dividends 97,210

Total 118,657 120,913

Balance 43,074 24,619GENERAL BALANCE SHEET JUNE 30, 1892.

1890-91.$

549,772406,544

143.22S2,339

145,567

120,913

1891-92J$

614,936461,248

153,688I

2,430

156,118^

133,551

Assets

Cost of road '....$5,095,153Cost of equipment 232,263Lone Island Land Fer-

tilizing Co. stock 1,500Cashonhand 1,096Open accounts 3.763Supplies on hand 10,310Profit and loss (defi-

ciency) 78,444

Total $5,422,529

Liabilities.Capital stock %

Funded debtInterest on funded debt,

flue and accruedOpen accountsReal estate mortgaires.Wa^es and supplies

133,551

22,567

2,500,0002,725,000

24.00054,863100,00018,666

Total $5.422,529'

17,87*

3,81S1,490&885

13,688def,S.S84

Central Park North & East Rivers (Horse) RB.

CFor the year ending June 30, 1893.^

This company lias reported to tlie N. Y. Stite Railroad I

Commissioners as below. Betterments duiing the year castf

$14,877.

EARNINGS, EXPENSES AND CHARGES,1889-90. 1390-91.

$ $Gross earnings 768.837 778,012Operating expenses (exclud. taxes).. 557 ,942 576,525

Net earnings 210,895 201,437Other income 11,743 13.064

Total 222,638 214,551Dcd>ict—

Fixed charges 128,445 126,762Dividends. 54,000 72,000

Total 182,445 198,763 187.686

Surplus 40,193 15,789 47,226

GENERAL BALANCE SHEET JUNE 30, 1892.

Liabilities.

Capital stock $1,800,000Funded debt 1,206,350Dividends unpaid..

1891-92,$

813,317591,975

221,34213,570

231,912

102,18685,500

Cost of road "....$2,359,537

Cost of equipment 450,630Other permanent in-

vestments 5,110Cashonhand 70,495Open accounts 90Profit and loss (def.) ... 120,8 1

1

Total $3,008,734

Open accounts.146238

Total $3,006,734

Broadway (Brooklyn) Horse Railroad.

CFor the ear ending Jane 30 1893. )

From reports to the New York State Railroad Commissioners the following is compiled. Betterments for the year were

$10,767.

EARNINGS, EXPENSES AND CHARGES.1889-90. 1890-91. 1891-92.

Gross earnings..Oper. expenses.

356,703290,098

394,071314,192

$426,775328,135

Net earnings

—

Other income

TotalDeduct—

TaxesIntereston bonds..Dividends (5 p. o.)26,250

66,6052,617

69,222

15,00717,500

80,4823,231

63,716

15,46117,500

(7>ii p. o.)39,375

98,6403,966

102,606

15.60317,500

(8 p. c.)42,00O

Total.

Surplus...

58.757 72,336 75,103

10,465 11,380 27,503

GENERAL BALANCE SHEET JUNE 30, 1892.

Liabilities.

Capital stock $•'525,000

Funded debt ^^"'SSSInt. on funded debt ^'inaMiscellaneous ^*''7>n«Wages and supplies .§'o,RProfit and loss (surplus).. 59,d40

Assets.

Cost of road ,.$559,619Cost of equipment 329,340Cash on hand 35,378Bills receivable 21,900Openaccouuts 1,513Supplies on hand 15,733

Total $963,494 Total........... $363,494

SEPTEMBBK 3, 1892.] THE CHRONICLE. 373

GENERAL INVESTMENT NEWS.

Called Bonds.—CHICA.GO & Western Indiana RB.—Thefollowing bonds have been called for payment

:

Boua»Diiiul>cre<n9. 20, 80, 149,404 407, 1309,1375,1404, 147.'i.

15'i8, 1535, i:>ll, 1845, 1551, ISGfl, 1S72, 1881, 1685, 1058, 10-J)>.

1780, 1821, is:t7, 11)17, 1!»4(!, 1970, 2105,2116,8131.3181,21(^8,2198, 2:107, 2i;l8, 2303, 2313, 2322, 2411, 2458. 2518, 2530, 2'>tl(l,

25S9, 2090, 2(iyi, 2733, 2737, 2810, 2820, 2833, 2834, 2803,2808,2922,297,5, 3010. 3012, 3032, 3238, 3240, 3200, 3272, 3278,3281,3299,

will be redeemed on November 1 next at the office of Messrs.

Drexel, Morgan & Co., New York, at 105.

Central of Now Jersey.—In obedience to the orders of

Chancellor McGill, this company has formally taken pos-

session of its property. President J. R. Maxwell, of the Jer-

sey Central, issued the followinjt general notice :

" An injunction of the Court of Chancery of New Jersey hav-ing been issued and served this day, enjoining and restraining

the Port Reading Railroad Company from using or operatingthe railroads and other property of this company and command-ing and directing this company to resume control of all its

property and franchises and the performance of all its cor-

porate duties—notice is hereby given that this company has this

day, pursuant to the commands and directions of said in-

junction, re-entered into the possession of all its railroads

and other property heretofore demised to the said the PortReading Railroad Company, and that from this date it will

run and operate all its railroads and all their appurtenan ;es."

The full list of executive, operating and other officers is

officially announced.

Cincinnati Hamilton & Dayton.—The proposition to au-thorize the execution of a mortgage supplemental to the gen-eral mortgage dated June 1, 1893, securing the issue of $3,-

000,000 general mort>;age 5 per cent bonds, and providing for

the issue of |4,800,000 additional to be used in retiring andpaying oft bonds, was ratitied by the stockholders of the Cin-cinnati Hamilton & Dayton at the meeting called for the pur-pose at Cincinnati, August 29. The vote was 32,422 shares in

favor and 185 against. It is proposed that this supplementalmortgage shall amend the general mortgage and grant powerto the board of directors in its discretion to increase the issue

of mortgage bonds, the amount not to exceed §7,800,000, theadditional $4.800,00i) bonds to be used solely for retiring bondsnow outstanding under the mortgages of 1875 and 1887.

Cleveland Cincinnati Chicago & St. Lonis.—The compara-tive statement of earnings, operating expenses and deductionsfrom income for the years ending June 30, 1891 and 1893,were as follows

:

^Year ending June 30.-^1890-1. 1891-2.

Earn ings— $ $FreUht 8,608,219 9,129,417Passenger 3,C49,.505 3,824,201Hail 335,979 312,672Express 294,913 289.096Bents 245,823 232,730

Total earnings 13,134,439 13,818,116Operating expenses. 8,704,761 9,322.831Car service 62,699 113.649Engine rental 17,411 Or. 5,291Insurance 23,783 28,903Taxes 380,338 378,450

Total operating erjenses 9,193,992 9,838,542Operating cost (per cent) „ 69-99 71-20

Ket earnings ; 3,910,416 3,979,573DedHCiions fnrtn inc&tne—

Interest on bonds 2,123,303 2,293,612Rentals 469,407 276,532

Total deductions from Income 2,592,7 10 2,570,174

Balance, net lucome 1,347,737 1,409,399

Colorado Coal & Iron—Colorado Fuel.—A circular hasbeen issued by the Colorado Coal & Iron Company givingthe terms of the consolidation with the Colorado Fuel Com-pany. The facts as to the new company and its capitalization

were given in the last issue of the Chkonicle. The $9,250,000•common stock which the new company will issue to take upthe §13,000,000 common of the two companies will be dis-

tributed, $.5,250,000 to the Colorado Fuel and $4,000,000 to theColorado Coal & Iron. The holders of the old stock of the•Coal & Iron will receive in lieu of their present holdings 40per cent in the stock of the new company acd 60 per cent inthe stock of the Colorado Coal & Iron Development Company.This latter company will own all the agricultural and townlot property owned by the Colorado Coal & Iron. It is pro-posed, prior to consolidation to transfer to the Colorado Coal& Iron Development Company, a corporation already organ-ized, and all of whose present outstanding stock is owned bythe Colorado Coal & Iron Company, real estate and otherproperty to the value of $4,970,000, for which amount ColoradoCoal & Iron Development stock will be issued aggregatingwith stock now owned by the Colorado Coal & Iron Company.$6,000,000.

The new company will have the following property: 69,000acres of land, containing 400,000,001 tons of proved coal de-

posits, 800 coke ovens, 15 coal mines with daily capacity of

13,000 tons of all kinds of coal, steel works at Bessemer, in-

cluding 3 blast fumacc;, capacity 300 tons pig iron per day,raU mill, capacity 300 tons per day, bar mill, pipe plant, 30tons i)er day, iron mines and cash and convertible assets of

#l,316,568.3|LaBt year the companies in the consolidation pro-

duced 'J,3i)0,(K)() tons of coal and coke, three ijuarters produc-tion of the entire State. The yearly increase lias been from39 to 80 per cent. The sa-nn? on account of the consolidationshould bo 10c. per ton, or $330,000, as well as maintained sell-

ing price during the dull months, which would add additionalrevenue. There will be $100,000 saved in managerial ex-penses.

Concord & Montredl,—The Concord & Montreal road hatvoted to issue 13,000 shares of new stock, and rights will beoffered for this new issue.

Grand Rapids & Indiana.—The announcement is made byMessrs. Winslow, Lanier & Co., tiscal agents of the UrandRapids & Indiana Railroad, that they have been informed bythe officers of the company that, owing to the unexpectedfinancial outcome of the last six months, the company is un-able to meet the September interest upon its 5 per cent generalmortgage bonds. The officers of the company express thehope that the suspension of interest will be only temporary.The road is controlled in the interest of the PennsylvaniaRailroad, which guarantees some of the prior lien securities,

but not these general mortgage 5s.

Lorlllard Co.—The annual report of the P. Lorillard Com-pany for the year ending June 30, 1893, just issued, shows thatthe net profits, after ctiarginij out all expenses, includingmanagement remuneration, were $496,313 ; from this amountthere was paid during the year in dividends 8 per cent on thepreferred slock, amounting to $160,000, and a semi-annualdividend of 5 per cent on the common stock, amounting to$150,000, leaving a balance to the credit of profit and loss ac-count of $186,313. The report further states that there havebeen no special features to note throughout the past yearaffecting the business of the company. It has been a fair

average year, trade has been steady, uniform and undisturbedby any unusual circumstances, and from the present outlookevery encouragement is expected for an equally satisfactory

result for the coming year.

Louisville St. Louis & Texas.—This company p.'-oposes tofund its indebtedness by the issue of first consolidated 5 percent mortgage bonds, which have been authorized for $3,000,-

000. Of this amount $2,800,000 will be reserved to retire atmaturity the present firsts. It has been arranged to retire atonce the $350,000 outstanding second mortgage sixes and the$630,000 Louisville Hardinsburgh & Western first mortgagesixes ; also the entire Car Trust and floating debt. This will •

leave the property free of all liens outside the first mortgageand leave a large balance of bonds in the company's treasuryfor future requirements. The cost of the 15-mile extension ofthe road from its present terminus at West Point to a connec-tion with the Louisville & Nashville, about eight miles fromLouisville, which will be completed by the end of the year,will be provided for by the issue of bonds under the first

mortgage reserved in the treasury for that purpose. Thefixed charge'? when these changes are consummated will beabout $240,000. The net earnings for the year ending June 30were about $260,000 and the earnings for the two monthssince the close of the fiscal year show an increase of about 30per cent over the corresponding months of last year. Ar-rangements are now being made which will ensure a large in-

crease of traffic.

Minneapolis & St. Lonis.—The foreclosure proceedings setfor a hearing Aug. 22 have been adjourned to Oct. 12. Asuit begun Aug. 11 by H. H. Porter, owning $3,000,000 of theImprovement and Equipment bonds, asking for a judgment,has been discontinued.

Mutual Gas (Chicago).—The Mutual Fuel Gas Co. has in-

creased its capital from $500,000 to $5,000,000, preliminary toapplying to council for the privilege of extending its mainsinto the city. Its territory is now confined to Hyde Park.

New York & New England.—Mr. Parsons, President of this

road, takes a favorable view of its present status, and is quoted,as saying: " The reports that the breaking up of the New Eng-land Terminal Company will be an injury to the New Eng-land Railroad Company are not true; on the contrary, the NewEngland has got rid of the most expensive leech ever fastenedupon it. The New England Terminal Company was a joint

ad'-enture of the Housatonic and New England railroad com-panies, and was a great burden to both roads. The formermanagers of the New England and Housatonic roads tried toforce business over this slow water route, and the result wasthat the New England road lost all its business in New Britain,

Waterbury, Danbury and other large places. The New Eng-land road is now fast recovering this business, which now goesto New York over the Northern road, and the gross earnings for

July this year (allowing for the one less working day) wereabout the same as last year. It is estimated that the liabilities

of the New England Terminal Company exceeded assets by atleast $500,000, and when Mr. Morgan offered to take the old

boats, floats, etc., and assume all the liabilities of the TerminalCompany (amounting to about §1,300,000) for $150,000 spotcash, or sell his halt to the New England Railroad Companyand pay that sum, it took us just one second to decide to payhim the $150,000 and be released from the incubus. The NewYork & New England Railroad has now three routes into

New York, viz.: Via New Haven Railroad from Hartfordor Willimantic, via Northern Road from Brewsters, andvia its own line of boats from New London. Thefinances of the New England Railroad are in a better

condition now than at any time within three years,_and

the increasing business via Newburg, via Poughkeepsie Bridge*

374 THE CHRONKJLE. [Vol. LV.

and the Northern Road via Brewsters, bids fair ia the rear

future to more than make up for the business which the NewHaven-Old Colony alliance has diverted. The combined and

mahcious efforts to harass and to injure the business and

credit of the New England road by the dissemination of false

statements and the continued litigation are disreputable, and

the men who are bought to lend their names to tuese efforts

are disreputable. The sole object is to injure the credit of the

New England road. There is no merit in the actions which

have been brought, and onlv one has been brounht to a hear-

ing, and in it the New England road was upheld ia every

way, and the iu junction which had been ordered against it

was dissolved ou ihe spot. The worst possible outcome of this

persecution is the delav of the New England road's develop-

ment. It cannot be prevented, but the present attacks maypostpone its progress for awhile."

New York * Northern.—For the quarter and year ending

June 30 results as reported to the N. Y. State Railroad Com-missioners were as follows

:

„ , ,r-Quar. end. June 20.-, ^Tear end.June 30.—

1891. 189a. 1890 91. 1891-92.

Gross oamlnOT 132,389 133.528 483,427 521. 'Jie

Operatmg expenses 104,743 109.632 393,009 437,594

Net earnings 27,646Otlier Income

23,8961,756

25,65153,5J3

90,418384

90,"0281,443

83,6226,168

89,790157.784

Total 27.646Int., rentals & taxes 21,443

Balance eur. 6,203 def.27,872 Bur.9,359 def.67,994

New York Ontario & Western.—The 6 per cent first mortgage bonds of this company were called for redemption Sept.

1,1892, at 110 and accrued interest. Payment (including

coupon No. 16, then due,) is made on nreseatation of the

bonds at the office of the company, 56 Beaver Street, until

Oct. 1, 1892. after which the principal and accrued inter-

est will be deposited with the trustee, as provided in the mort-

gage. Intertst on said bonds ceased Sept. 1.

The results for the year ending June 30, 1893, compare as

follows with 1890-91:

1890-91.Gross earnings $2,809,702Operating exiienses and taxes. 2,155,372

Net earnings $654,330Charges 553,890

Surplus $100,440 $207,019 $106,580

Norlliern PaciHc—In our editorial columns will be foundto-day an article giving the results on the Northern Pacitic lor

the year endmg June 30, 1892.

Old Colony.—The report for the quarter ending June 30 to

the Massachusetts State Railroad Commissioners was a« fol-

lows:,—Quar. end. June 30.-^ ^Tear end.June30.~.

1891. 1892. 1890-91. 189J-92.$ $ $ $

Gross earnings 2.098,877 2,295,325 8,370,447 8,738,811Operating expense", 1,578,614 1,732,456 6,iri8,576 6,620,602

1891-92. /HC. t-ilS92.$3,265,417 !t45r),7152,461,136 3(:5,70l

$801,281597.262

$149,95143,372

Net earul cgs ' 520,263Other Incoiiie 28i',107

Total 800,370Int., rentals, taxes, etc.. 432,495

562,86972,457

635,32643V,205

2,2Si,871372,68:

2,118,209557,801

2,304.553 2,«7ri,0IO1,714,1!61 1.740,930

Balance 367.875 203,121 889,592 935,085

PaciUc Mail Steamship Company—Panama. -The fift. en-year contract between these companies expiies next F. bru-ary. The Pacilic Mail has paid the Panama road $55,000monthly from its suiisidy from the Trans-Continental Asso-ciation. Mr. E. A. Drake, of the Panama road, t-aid :

'• Weare issuing some bonos with the view of probably ex'tndingour line to Panama Bay and securing other advantages. Thecompany is in a striini; position for an independent serviceTheie is 51,500,000 in the sinking fund."The Panama Company repona that it carried last year

51,000 tons ot freight for the P.icific Mail Company. Of thatquantity ^2,000 tons comprised IJentral 'A:nerican an i Mex-ican freight, and the Panama people claim that they ought tobe allowed a certain percentage of all freight emanatingfrom that particular territory.

A new con ti act between the Panama Railroad and the PacificMail Steamship companies was agreed to ou Wednesday bythe Executive Committee of the railroad company and Mr.Edward S. Lautcrbach, representing the Steamship company.Mr. Lauiertia' h said after the meeting: -'We have agreedupon the terms under which the contract will be renewed fora year from Feb. 1, 1883, and the contract will be drawn andexecuted as sdou as the assent of the foreign controlling in-terest in the r.iilioad com;)any can be obtaiaed bycaole. Thecontract is lo rui for a year only, because the liquidator orreceiver of the Panama Canal Company, which controls therailroad, could not make a contract that might outlive histerm of office.

"Under the new agreement the railroad company makesimportant once>BiiLS to the Pacific Mail Steamship Com-pany, and ,.ie steamship company agrees to continue tue pay-ment ot thi- sum ot $55,000 a mouth to the raUroad companyIn addition 10 tQ IS payment it has been agreed that the rail-road company ^li.,ll have an interest in the Central Americanand Mexican busiuess to the extent of one third of the excessof gross c-arniugs from that businejj during the contract yearover the average gross earnings from the same source duringthe last five years of the present agreement."

Philadelphia & Readirisr—Central of New Jer»i»y.—Thefull opinion of Chancellor MoGill, of New Jersey, having nowbeen received, we quote a part of his remarks going to es-tablish the point that the lease to the Port Reading Railroadwas virtually a lease to a foreign corporation. He says:The Attorney-Qener.al fanher urges: flral. that the lease in question

Is in re^ility made to a foreign corporation, and, second, thit sucii aleaseis forbidden by t!ie .statute a[ii>rovel May 2d. 18S5. euiitied " An Actrespecting the leisiuor of railroads," except under conditions which donot exiwr.I agree with him in both these propositions.Equity looks at the substance, not merely the outward form. The

transaction of the lathof January. 1892, between the three defendantsconsists, iu form, of a lease between two of them aufl a guarantee olthat Icasi', couplel with a traffic agreenieut to which all three of themare parties. Such is the form. But when the fact that a law which inits terras prohibits a rea.se to afoieign corporation wiUrmt legislativesanotiou is contcmiilateil. and regard is had to the characters andrelations of the contracting parlies, and to tha tei m.s of the instrumentthey Lave entered iito. and the siranltancous execution of tho-se Inttru-ments. a stilistantial status, differing from the form, is disclosed. Thastatue forbade 11 lease to The Philadelphia cfc Heading Railroad Com-pany, a fordifn corporation, until a law should be enacted which wouldapprove such a lease, but it dirt not prohibit a lease to a doiripstic oor-poraiou. The Fhiladtlphia & Reading R lilroad Companv, through it*oflSoera and servants, had nrom ited the organization of ITio P»n Read-ing Railrimd (,'onipany, under the General Railroad Law of this State,for th*» purpose of building and operating a. sh >rt railway in connec-tion with its »y stem " * * • "The Central Railroad I 'ompdny wouldnot lease until The Philadelphia & Reading Company, entering into thesame trans.-iction. and as a party thereto, executed the pap*r calledthe •guarantee." That paper expressly embodied the lease and bound:The Pniladelphia .fe Railroad Company to the virtual execution of it.

Th« lease, so cilled. with the Port Reading Compiiny wis a mere form.The guar.antee was the really operative and Important paper. WithoutIt the Central Railroad would not be assured of its rental and thetralBothat was necussary to make the proposed alliance profltalilo, for ThePort Heading R lilroad Company, as a distinct entity, was irresponsi-ble and without power to assure traffic. But more than this. The PortReading R.iilroad Compauy ia, for all substantial purpo.ses. The Phila-delphia A Reading Railroad Compauy. It is confessedly owned byindividuals who rei>resent and serve the Philadelphia * Reading. Itscapital stock, save a few shares, has gone, or is ti> go, to a Coustruo-tlon Company which unquestionably belongs to the same interest,"'**" in the face of inch a situation it is idle to say that the PortKradlngRailriad Company is not in all things, save in its intangibleand uiisubstiintial corpoiiite entity. The Phlliidelphia .i- Reading Rail-road Comp.any It is only neiessiry to state these particulars to sat-isfy the mind of Ihe,ji slice of this conclusion." * * • "It Is stickingin the bark to say thit lu ihis transaction The Philadelphia & ReadingRailroad Company is not the teal lessee, and thai the iruarantee exe-cuted by it is not the real lease. The misnomer of papers and the useof a nominal entiry as noiniuil lessee doe Miot change the substanceof the transaction with which this Court deals." * « * .

"It must not be thought that courts are powerless to strip ofl' dis-guises to thi^art t hi- purpose* of the law. Whenever such ditguiae*iu fact appear ihey can readily lie disrobed. The oiffloulty is in show-ing the disguises, not in penetrating them when they appear " • * •

Rubber Trust —A combination of the rubber interests ofthe country is announced. The new trust will be known asthe New York Belling & Packing Company, the Chicago Rub-ber Compan)- and the Cleveland Rubber Company. The trustembraces fifteen factories.

Texas Railroads.—At Austin, Texas, August 31, the follow-ing circular was issued by the Railroad Commissioners of

Texas iu consequence of the recent decision of Judge Mc-Cormick, of the United States Circuit Court at Dalla.^

:

"The Weatherford Mineral Wells & Northwest RailwayCompany, having applied to the Commission for exemptionfrom the operation of its tariffs and orders on account of anotice rec- ived from the Texas & Pacific Railway Companyand the Gulf i:;oloiado& Santa Fe Railroad Company, thatsaid corporations will not, under the recent decision of theU. S. Circuit Court, honor joint rates made by the Weather-ford Mineral Wells & Northwestern Railway Company in ac-

cordance with the tariffs and orders issued by this Commission,and this Commission have fully considered such application,it is hereby ordered that until further notice the WeatherfordMineral Weiis & Northwestern Railway Company be exemptfrom the operation of said tariffs and amendments thereto,

and that this onier shall take effect with the enforcement ofsaid not lie by the Texas & Pacific and Gulf Colorado andSaute Fe roads."

It is s ipi osed that all the railroads in Texas will soon beexempted.

United States Mortgage Company of New York.-Thefollowins, for the six months ending Jime 30, is given in addi-tion to our statements published July 30.

Setoureet.June 30, 1893..

Mortgages f118,040Ao«rued interest thereon 670Real estate (estiniated valuei 92,500Cash ou hand and at Pai la, France 9 2.486

Total $404,556Liabilittes.

rapital atook paid in 1200.000Sni.dry coupons and dividends unpaid 2,686Rent and expenses accrued 1,600Dividend declared, payable July 1, 1892 10,500

Total $214,736Balance, nominal surplus $189,819'

—The Fidelity Insurance, Trust & Safe D-^pisit Company ofPhiladelphia will distribute through the Central Trust Com-pany of New York, on and after Sept. 21. to the holders ofcertificates of equitable interest in the stocks of the ChicagoGas Companies, of record Sept. 8, an amount equal to 1J4 P*rcent of the par value of their holdings of the certificates ofthat company. The transfer books will close Sept. 8 at Sp. M. and reopen on Sept. 32.

Srftbhbrr a, 1803.J THE (;HR0N1(!LK 376

glxe (^ommcvcml gimcs.

conaequont detention of

result in inconvenience

merciiandise for ocean

COMMERCIAL EPITOME.Friday Nioht, Sept. 3, 1893.

The temperature of the past week wi\s of about seasonable

STerage, and conditions generally favorable for safe develop-

ment of unharvested crops. Natural influences affecting

trade have been propitious, but the profjress of business wasseriously retarded by grave apprehensions in regard to the

cholera. The rapid and alarming spread of that disease has

induced our national authorities to declare a twenty-days

quarantine against vessels from all infected ports, and the

cargoes afloat will, it is feareJ,

if not loss. The handling of

shipment in either direction

has also become curtailed to as noarly the limit ofactual necessity as circumstances will admit, operatorsfeeling the propriety of showing the utmost cautionuntil danger from the epidemic becomes less threatening.Speculation has been moderate in all kinds of merchaudise,with quite a general tendency to liquidate outstanding engage-ments. At sonie Western points there is complaint of scarcityof cars suited to prompt movement of crops.

Lard on the spot has continued in slow demand and priceshave declined under increased offerings. The close, however,was fairly st*'af!y at 7-35c. for prime City, 7-85c. for primeWestern and 8'13c. for reflneil for the Continent. The specu-lation in lard for future delivery has been dull and valueshave declined, owing to the uneasiness caused by the choleraepidemic and in sympathy with the corn market.

OAiLT ai.osiiio PBiosa or ijibd ruriiKKA.

Sat. Hon. Tue$. Wed. IKur. Fri.September delivery o. Son

Hon. Tuei. Wed. TAur.8-09 7'!)8 7 80 7-8i8-05 7 94 7-79 7-81

7'85Oototwr delivery..".. .11.0. 8-00 8-05 7 94 7-79 7'8i 7-134

Pork has been in light request and values have further de-clined ; the close was steady at $11 25 a$ll 75 for old mess,$12@$12 25 for new mess, §12 50 for extra prime and $15^$17for clear. Cut meats have been in better request, but at a re-duction of co-ts. At the close, however, the market wasquiet at 7^'a7j4'c. for pickled bellies, 10@12 lbs. averacje

;

i<fl4® ll?ic- ffJ" pickled hams and 6%(iQ%c. for pickled shoul-ders. Bref quiet; extra mess, $6 25* $8 75 : packet, $7 50 -«

$8 50 and family $8@$10 per bbl., extra India mess, $H(a§13per tierce. Beef bams are easier at $14 per bbl.

Stearine is steady at ^yic. in hhds. and Q^gc. in tos. Oleo-margarine is dull and easier at 8c. Tallow tias been in si )wdemand but steady at 4 5-16c. Butter is without change anddull at 18^(3 24c. for creamery. Cheese in light demand andeasy at 8<^.<^9c.

Coffee advanced eirly in the week, but declined later underlessened demand and fears of diversion of stocks from Europeto this market. The close is unsettled. Rio quoted at U^c.for No. 7, good Cucuta 21>^c., and interior Padang 27i^c.Contracts for future delivery have been quite irregular, buton the whole the tendency was in buyers' favor under a sellingout of long contracts and some pressure from the short side.To-day the tone was a trifle firmer in the absence of sellingorders, but the market lacked animation. The close wasquiet, with sellers as follows:Bept 13.S.^o.

IDeo 13 OOi-. i Mch 12 95c

9<" 13 15o.I

Jan 13-OOc. Aurll 12-9.5C.Nov 13-lOc. I Feb 13-OOc. May 1.-950.

Raw sugars have been unsually active, the purchases cov-ering about all the desirable stocks available on spot and toarrive. Higher prices were paid and the close is firm. Largequantities of beet sugar intended for this country were shutoff by closing of Continental ports under quarantine. Centri-fugal is quoted at 3 9-16c. for 96 deg. test and Muscovado at2J^c. for 89 deg. test. Refined sugars also higher and sellingwith greater freedom. Cut loaf quoted at 53^e. and granu-lated at 5 3-16c. Other staple groceries firm and fairly ac-tive on increasing demand from the interior.

Seetl leaf tobacco has been in fair demand and steady. Thesales for the week amount to 3,850 cases, as follows: 1,100cases 1891 crop. New England Havana, 2 1® 60c.; 450 cases 1891crop, New E gland seed, 23.r 36c.; 650 cas's 1891 crop. StateHavana, 16Xra2lc.; 500 cases 1891 crop, Pennsylvania Havana,13^@40c. ; 200 cases 1890 crop, Pennsylvania Havana,13k@18c.; 450 cases 1890 crop, Zimmers. 13i<fa)15c.; 250 cases1890 crop, Wisconsin Havana, 12@14c., and 250 cases sun-dries. 7(a32i^c.; also 2.000 bales Havana, 62c.@Sl 15, and450 bales Sumatra, 83 60@S3 70.There has been a decidedly better business in Straits tin for

the week at about steady prices, though at the close there wasless doing and prices weakened a trifle, closing at 20-45c. Salesfor the week amount to ahout 400 tons. Ingot copper is dulland a shade easier at ll-60c. for Lake. Lead is firmer butquiet at 4-20c. for domestic. Pig iron is unchanged and dull.Refuied petroleum is quiet and unchanged at 6-lOc. in bbls.,

3'60c. in bulk, 6-HOi;. in cases ; crude in bbls. 5-55c.; in bulk8-05c.; naphtha, 5c. Crude certificates dull and easier, closingat 55c. Spirits turpentine has been in slow demand and theclose is lower at 27>'4;@28»4^c. Rosins are in limiied supply forcommon grades and firmer at $l-25(a$l-30 for common andgood stramed. Hops dull and lower. Wool less active, butfirm.

COTTON.Friday, P. M., September 2, 1892,

Trb Hovrmbnt of the Crop, an indicated by our telegramfrom the South to-night, is given below. For the week endingthis evening the total receipta have reached 33.473 bale*,igainst 11.878 bales last week and 9,703 bales the previouiweek, making the total receipts since the Ist of Sept., 18f-3,

5,940 bales, against 33,091 bales for the name oeriod ofl891,8howinga denrease since Sept. 1, 1893,of 37,045 baler.

ate«ipt$cU^ Sat. Xon. Tuet. Wed. TAurt. Fn. Tol4U.

OftlreBton 1,010 1,358 1,884 2,478 692 1,356 8,778EIPmo, Ao...

Raw Orleans... 1,662 1,854 2,169 2,298 15S 752 8.890Mobile 18 49 83 13 49 167norlda •••-•>

Savannah 208 550 56*2 490 433 844 8,087Bransw'k.&o. 243 243

Oharleston 65 159 22 147 106 654 1,153

PortRoyal,4oWllmlntrton 7 a 4 19 36Wa8<i'Kton,<fco ••••••

MorfoUt 17 19 220 18 63 7 344West Point...

I!r'wp'tN'B,4o. 43 43Sew York

8 142 75386

aasBaltimore 336PbUadelph'a.Ao 20 45 56 121

TotalfltblBweftk 2.990 4.004 4.8S8 5655 l,.i93 4,353 23,473

The following shows the week's total receipts, the total sinceSept. 1, 1893, and the stock to-night, compared with last year.

Keeeiple to

Sept. 2.

1892. 1891. Stock.

TKUWeek.

Since Sep.

1, 1892.

TMtWeek.

Since Sep.

1,1891.1892. 1891.

Galveston... 8,778 2,048 21,021 12,811 24,119 22,636ElFaso.ifco. 48 48

New Orleans. 8,890 907 15,089 7,203 61,291 49,623Mobile 167 62 3,418 2,231 8,445 5,094Florida ...... >-««Savannah. .. 3,037 1.277 10,314 7,537 10,710 13,512Brnng.,*o. 213 243 74-2 742 350

CharleBton .. 1,153 760 1,012 601 15,973 2,305P. Royal.Ao

Wilmington

.

36 19 120 76 2,389 2,566Wa8li'tn,4o 5 ft

Sforfolk 344 70 742 537 5,235 5,944West Point. 971 684 350 607srwptN.,40 43 43 229 178 46

New York. . 182 63 263,440 127,742Boston 225 75 2G4 lot 6.000 5,000Baltimore. .. 386 386 23 23 9,900 6,568Ptm'dera,Ao 121 58 226 98 4,406 2,478

Totals 23,473 5.946 51,435 32,991 41i,30S 244,371

In order that comparison may be made with other year, wegive below the totals at leadina: ports for six seaons.

Seceiptt at— 1892. 1891. 1890. 1889. 1888. 1887.

Qalv'Hton,4c 8,778 21,069 26,099 18,587 10,921 19,965New Orleans 8.S90 15,099 10,453 9,299 2,573 13,867Mobile 167 3,418 3,703 3,955 1,485 2,227Savannah. .. 3,087 10,311 22,081 20.709 17.736 26,433Oharrst'n,4c 1,153 1,012 12,701 2,583 4.200 14,515Wllm'gfn,4c 36 123 4,495 24 1,061 3,213Norfolk 344 742 4,611 35 1,014 2,021WtPolnt,4c 43 1,199 5,506 2,041 24 1,207411 others... 975 1,137 2,934 229 147 1930

Totthlsweek 23,173 54,435 92,389 57.452 39.164 85.437

SlnoeSept.!. 5.946 32,991 78,860 51.621 39,164 100,956

The exports for the week ending this evening reach a totalof 11,036 bales, of which 9,431 were to Great Britain, 100to France and 1,515 to the rest of the Continent. Below aretheeziK>rt8 for the week, and since Seotember 1, 1893.

•xvortitnm-

Wtck BruHtifi Sept. 2.Kxvorled to— from Sept. I. W92. to Sept. 1. 18»».

Bxported to—

ereatBrit'n. Fratui

Oonti-

nsnt.

Total

Wu\.ervUBritain. franei

Conti-

nent. IMai.

^alvestonVelasco, &0....

NewOrleani..Uolille

SaTannahBniniwlok ....

Charleston....

WIlmlnKton...

Norfolk

West Point..

N'port Nws, i.1

Ssw YorkBostonBaltimorePlilladelp'a,*c

1.8M

2,100

luO

«,iai

mo

2<i

I.S09

6,eo«

8,578

9.100

15«

........

Total 100

801

1.516 n,OM 1,M0

Total, 1891.... K.eos 1,2S» t8,««S 9,SU 1,2U 10.788

376 THE CHRONICLE. [Vol, LV.

In addition to above exports, our telegrams to-night also

give us the following amounts of cotton on shipboard, not

cleared, at the ports named. We add similar figures for

New York, which are prepared for our special use by MessrF.

Carey, Yale & Lambert. 24 Beaver Street.

On Shipboard, not cleared—/orLeavingStockSep'. 2 at— areat

Britain.France.

OtherForeign

Coast-wise.

Total.

New Orleans. .

.

GalvestonBavannahCharleston. . ..

MobileNorfolkNew YorkOther poite

2,3012,586None.None.None.300

8,1256,000

4931,230None.None.None.None.100

None.

1,912378

1,000None.None.None.300

2,000

122365400100

None.200

None.None.

4,8284,5591,400100

None.500

8,5258,000

56,46319,5609,310

15,8738,4454,785

256,91515,045

Total 1892... 19,312 1,823 5,590 1,187 27,912 386,396

Total 1891...Total 1890...

26,75434,856

1,997100

2,9781,000

5,69410,473

37,47346,429

206,89846,244

On the speculative market for cotton very few really new

engagements have been made, but there was a liberal liquida-

tion and especially of the long interest. The moving in-

fluences were traceable to slightly better crop advices, an in-

creasing movement of new cotton, and continued unpromis^

ing trade reports from Europe, supplemented by the universal

feeling of apprehension created by the rapid spread of the

cholera. On Saturday prices advanced slightly on a covering

demand, and on Monday the position was fairly steady,

though finally closing a fraction off. During the session of

Tuesday there were some moderate fluctuations, closing

at a few points further decline, and on Wednesday there

was a sharp break of 13 points caused by liberal selling,

out of longs under the report that the cholera had appeared

in New York Harbor. Yesterday the pressure was somewhat

relieved but no recovery of value could be secured. To-day

there has been a slight improvement, based upon more liberal

sales in Liverpool to Manchester spinners and a light move-

ment reported at the Southern interior towns. Cotton on the

.

spot has been moderately active at irregular rates, at one timeselling l-16c. off but recovering and closing at last Friday'srate, middling uplands 7i^c.

The total sales for forward delivery for the week are 513,400bales. For immediate delivery the total sales foot up this week22,778 bales, including 3,433 for export, 1,255 for consumption,700 for speculation, and 17,400 on contract. Of the abovebales were to arrive. The following are the official quotationsfor each day of the past week—August 27 to September 3.

UPLANDS.

OrdinaryBtrlot OrdinaryGood OrdinaryBtrlot Good Ordinary.

.

Low MiddlingBtrlot Low Middling..,MlddUngGood Middling

,

Strict Good Middling.MlddUng FairFair

.»lb.

Sat.

4%5i8

6

6ii„616,,

7%

71*16814859

mon Taes

413,65^16

^>6386%7

7137%8'l88'Iie

413,6

6386%7

7'*7%85,88lii8

Wed4?45>866S,86ll,8

615l67^87^18711,8148»8

Th.

4%5^666,66II16

7>e7',6

8H

Frl.

43»5ie666,661I18

616,87187'16

8»48I>8

GULF.

Ordinary V lb.

Btrlot OrdinaryGood OrdinaryBtrlot Good OrdinaryLow MiddlingBtrlot Low MiddlingMlddUngGood MiddlingBtrlot Good MiddlingMiddling FairFair

Sat.

51851a6386U,e7I18

ll^r8»89

inon Tues

53,8

7ie738

l>7''a8l88II189I16

53l8

64"718738

7 '88l8

81118She

Wed5H51a6386U,87118

l>71a

9

Th. Frl.

51851a638611,8

76] 871a

l4«9

51951a6386.I16

lb'71371316

84"9

STAINED.

8ood Ordinary 9 lb.Btrlot Good OrdinaryLow MiddlingMiddling

Sat.

4144785%6lii«

inon TnearWed

46l64H.,8513,86\

46,841*16513,86% I

4H4785%611,8

Th.

4144''8

5%6II16

Frl.

4144785%611,6

UAHEET AND SALES,The total sales of cotton on the spot and for futuro delivery

each day during the week are indicated in the followingstatement. For the convenience of the reader we also adda column which shows at a glance how the market closed onsame days.

POT IIABKBTOLOSEO.

Bat'day. Quiet & steady.Monday Quiet at 1,. adv.Tuesday DullWed'day Quiet at iia dec.Thur'd'y QuietFriday.. Steady

Total.

BALES OF SPOT AND CONTKACT.

ex-port.

1003,323

Oon-fump.

120218240298100279

3.423i 1,955

Spec- Con- I _ . .

uTt'n tract, ^otal.

.... .... 120300 .... 518400 I 640.... 17,400 17,698....| ....I 200.... .... 3,602

700 17.400 22,77S

SaUtofFuturti,

37,40052.60056,i)00

136.200148,30082,000

513 400

Thb 8ALBS AND Pbioks OF FoTUBKB are shown by tbafollowing comprehensive table:

>S

® ST

Kff

CO 9109OO

g.r

£: I

O) O (P 3>[--» tB p,P W" M

as «:*

S.JD 3!

»),

33

» (5 (S 5d t»- ^

Jo..-t>

: 3: "P, B, K: 2: I

CO

H

2.S.SO O O >b-(6 01 JD

^ CD ^^£.?(

oI

3O>T)0DOo2--goj rs » £<—» (B Pe CD- H' " ° s^

'. «•* c:=.-«

: g; CO

X (5 * 22-» an O.

• to '^ u

OJOOMm

p, 03a'

* ^O?Ci^ •

CO

.<»

gcottS'

m OS

£• (^.S S^ CO®

-1'a, to

<-,o a01

£^ccc; —

P- * a>

• ^o-CD

>

11:1

I I

I

«

I I

I I

I I

to

66Qi ;

0)

obclb00 o.

o;o>><

':I e^>:

• aio> acsoo)

en ifoo ii^

OiCft ^obco 2WW ^

ro

CD CO

I »5

ikCO»Qb

CO

t£6 2

I »M'

cr o oCOO) 03

OXI&.=:

«J0>>

OCD 2amCOCO 2-4 #.03''

,<,OC3

1 6°ffl03 CC

0!0>COCO CP

CO 00 03 *<

I sr:

<i-iMO 2

1 »r:»5»10-J

tOtO o

<I<1

03 tJ — *'

-to'Ib-O

O103H'''1a.M;

CO^<IO^MH.®M

-?to

-J -J

03OI-"<I »r;

CO-J-JO-J

CO *ODCMtO'*

1 e.":OD

0-JO<IOM^OCClF^ CO

-]0. . <00 2COODtO^

MM®-OOP 03

loto 2too '^

I«?:

03-9»]o-atoto®toOSif. to

liib 2

1 e«:

tctOM03

iO,i>0

I Si":

-lO

CO 03 to**

I s«:o>

tcto^tocw o

<1<I ifloto 2OOtO^

03 CO 03 030103 -^

cow 2

<i<jo-^ <i*ao*J ^^0*3'to 0303'^03 ut-'^za

C3, i(.rfk 03 03tO CO

<1<1

03O3 2CO 10*"

CO<1»50^coco*^ci

<i-Jtoto 2CDO:*^'^

1 sP:o«

<i<io-acboo^wC03 K-

-JO- 30303 ft,-1003 *<

I a,®:

I

-JO-3I |i®03o u>

o<l 5tit^ 2 *.,u 2

CO-J-JO-J

<1-J ^

co-q *^

I*.-^;

to<l»JOO

-5<I

OiMuuCCOi

I op:<I^O<l

oc;, o

00 -

1 ep:o:r-' ^I « :

00

1^03 to

a 03

I o.-

cJ'6cooI0.^

<I»^0-^ *J-90<Ic^A^Oi o.6®cio- o C" c

O-J 5OiCJl o

I «t :

CO<1<10<1yto,0^03O" W

-JO

coo,

I »r:O-IO-JcJuiO|^

oc;.

00 !J <i<i

6<i 2tOf- "1 s.^;

o:cnCJICO

HtCD (B

-4-J !JffiOi 2coco ^I a :

CO<I<JOO

00 00

It. If'

I S

1cjtoi 2

I «r:to

-J-JO-4c»d®<»

<i-jtoto

I a :

00oI00

o<-)<, 2(XCO '^

I a :

•^^ 2I a :

09

IOO

-J -J

GCCO

I 9

?I I

03

la

CO

O-J

03

C3I

I a 1

1

o

I I

I I

&I I

^

I I

I I

I I

I I

I e

I I

I I

1 I

I I

-II I

I 1: I I

I I I I

I a:

I 1:

* Includes sales In September, 1891, tor September, 19,600; September^Ootober, for October, 344,200; September-November, for Novem-ber, 619,000; September-December, for December, 1.067,300; Septem-ber-January, for January, 3.997,200; September-February, for Febru-ary, 1,739,800; Septenaber-Maroh, for March, 3,i)22,100; September-April, for April, 1,507,200; Sspteraber-May, for May, 3.313.200;September-June, for June, 2,292,8M; September-July, for July,1,384,500.

Thefollowing exchanges have been mide duria? the week:69 pd. to exch. 400 Sept. s. n. forMarch.

•13 pd. to exch. 100 Ausr for Oct.•47 pd. to exch. 300 Sept. for Jan.•12 pd. to exch. 200 Oct. for Nov.•10 pd. to exch. 200 Jan. for Feb.•27 pd. to exch. 2,200 Sep. s. n. forNov.

•11 pd. to exch. 200 Oct. for Nov.•22 pd. to exch. 503 Oct. for Dao.•23 pd. to exch. 1,400 Oct. for Deo.•02 pd. to exch. 200 Sept. for reft.•15 pd. to exch. 300 Sept. for Oct.

•23 pd. to exch. 1,503 Sep. 9. n. forNov.

39 pd. to exch. 2,003 S )p. s. n. forDec.

•48 pd. to exch. 100 Sept. for Jan.•32 pd. to exch. 100 Oct. for Jan.•15 pd. to exch. 530 Sept. s. n. forOct.

•33 pd. to exoU. 2.800 Oct. for Jan.•14 pd. to exch. 20J Sept. s. n 6thfor Oct.

•26 pd. to eioh. 503 Sept. for Nov.

Sf.ptembeh 3, 1803.] THE CHRONICLK 877

Th8 VisibleSopply op UOTTas to-night, as tnade up by cabi*•nd tolef^npliia as foUuws. Tlie Gontinontal stocks, as «rM asthude (or Ureut Britain and the afloat are this week's returns,ftnd con30(|uently all the Buropoan fli^ures are brought downto Tiiiir.sday uvuninz. But to make the totaLs the completeflguroa for to-night (Sipt. 3), we add the item of export.^ froirthe Uuited State.s, iaclii lin^ in it the exoorta of Friday only.

Stock at Uverpool balesSwokat London

1892.1,33.'>.000

0,000

1891.8 10.00018,000

1890. 1889.021,000 4.10.00023,000 '.^'^,000

Total Great Britain Stock.Htoc'k at HuAiliiirgBti>c'k at UroiiiiMiStock at AiustitrdamBtock at KottttrdamStock at AntwerpBteok at UavreStock at MarseillesS^>ckat BarcelonaStock atQ<a.)aBtook at Trieste

1,311.000S.800

88,00022,000

2008,000

330,0009.000

71,00014.00045,000

887.0003,700R2,00020,000

3007,000

181,00010,00075,0008,000

45,000

617,0003,800

23,0004,000200

3.000106,000

3,00042,0004,0003,000

481,0002.800

19.800(1,000300

l.'i.OOO

71.0003.000

41,0003.OO03.000

lotal Continental stocks 643,000 415,000 192,000 163,700

Total European stocks.. .. 1,937,000 1,232.000 839.000Indlaoottonatfoat for Europe. 3.>.000 42.000 63.000Ampr.oott'natloat for Europe. 30,000 28,000 43,000E,'ri>t,Bra7.ll.Ac..anif(irE'r'pe ir,.000 10.000 6,000Btook In United States ports.. 414.308 214.371 92.673Stock In U. 8. Interior towns.. 126.619 56,021 21,448tlnltedStates exports to-day. 3,071 201 7,723

Total risible supply 2.610,998 1,662,.'596 1,077,341~

Of theabove, thetotalsof Ajnerlcanandother descriptions areasAmenean—

IIIrerpool stock bales. 1,124.000 631,000 23.'?,000Oontlnental stocks 451.000 253,000 98,000American aBoat for Europe... 30.000 23,000 43,000united States stock 414.303 211.371 92,673United States interlorstooks.. 126,619 56,021 21 118United States exports to-day. 3,071 201 7,723

614,7005.1,00037,0004,000

78.03519.2053,315

811.235follower

213,00090,00037.00078.03519.2053,315

Total AiBirlcan 2,113,9^8 1,215,596 645,841 473 535EiUt Indian, Bratil, ae.— "."o"

tilverpool stock 211,000 215.000 341,000Londonstook 9.000 18.000 23,000Continental stocks 192.000 162,000 91000India adoat for Europe 35,000 42,000 63 000Eg)Pt,Braill,ic., afloat 15,000 10,000 6,000

Total East India, <fca.

.

Total Ajuertean

213.00022.00073.70055,0004,000

. 462.000 447.000 532,000 367.700

. 2,143,993 1,215,596 545,841 473,585

1^,E?M/7'?T'^'®?"PPly-:— 2,610 998 1,682."596 1,077,811 841.285Fnoe Mid. Upl., Liverpool.... Ji'iod. 4n,«d. 5i.i„ii ri..?

PrlceMld.Upl..'NewT?ork...: tC WS. loC 11 v."ly The imports into Continental ports this week have been11,000 bales.

The above figures indicate an increase in the cotton in sight

*?"'^'^n'i'^' 91^,<03 bales as compared with the same date

or 1891, an increase of 1,533, l.H bales as compared with the•orresponding date of 1890 and an increase of 1.769 713 balesU compared with 1889.

'

AtTHE Interior Towns the movement—that is the receiptsfor the week, and since September 1, the shipments for theweek and the stocks to-night, and the same items (or theoojrespondmg period o( 1891—is set out in detail in thefollowing statement

K* » !2"6

CTr* — -5 — _

I: ; S: S»«r.*: : rs; : ; : ; : zz: S: ??: t: ; ;—'—-—'-—'-—'.—-—'.—!—!—! ! ! V' . •

o

COM. Op-o»jiooooe,cBol »: oooSSoSSa

MM MOCO 03 (0*^W M Oi -.JW Oi OS

CO M wi)-*,-« C OS M W M r-» M 1^

;

o: M ooo »- *fc w* to M H-%ooootKSi-SMio-i. MoSeooaSi-SMSM: OSl^OSCdi^OMtfk

to

8^

Cfl. CC>-C*.tC(0O^*JWi-

eoto M0> CoXlOKIO*.

(0(-ioc;tg:©<ii»-

&• oc:,-'coMoooettmoottootjc^o: Ol^ODOOCCCOO

MM W M l-i M

Ot, 00 h- OS OS :s 1^ M

»dODM ; MXw •

CICQQ. to. COOOOC)'tJmt0003'

~s

l»i». W-J-• LouisrtUo iiKures "net" In both years,• •rills year's flgures estimated.

*-• 0» O H- ^WMw ^ SMQOI-I M OS r CO I

"

The above totals show that the interior stocks have dfcrecuedluring the week ;;2.010 baled, and are to-night 7U,5D.'i bale*more taan at the same period last year. The reoeipta at all thetowns have been 1,119 bales /ej!.t than the same week lastyear, and since Sept. 1 they are ld,iH bales le$» than (or thelame time in 1891.

QaOTATIONS FOB MlDDLINO OOTTOK AT OTHER MaRKKTB.—Below we give clo.sing quotations of middlin<cotton at South*em and other principal cotton markets (or each day o( the week "

lf«* ending OLOSIMO QOOT^TIONS FOB MIDDUHO OOTTOB OW—Satur. Xon. Xuet. Wedna. Thur: j»H.

Galveston...Sow OrleansMobileSavannah...'Jharleston.

.

Wilmington.-VorfolkBostonBaltimore...Philadelphia^neusta.. ..

.MBiui)hls....St. iMUlUCincinnati ..

Louisville...

76117%6\

7^7«..

7

?^7^4

7G\7 '9

7»97>«7..

777»9739

6^8776%

70.S

777»87I4

63.,

76%6^«%

70.,

777»87^

613,g

7

«^

7%7'«

I-4-

77"87>4

6%77

§%1*7%7>a

P-77»87>1

The closing quotations to-day (Friday) at other importantSouthern markets were as (ollows:AtlantaColumbus, Qa.Columbus, MiaaEufaula

6l4Little Kock .... 6^Montgomery . . 6^NashvilleNatchez 6iD.g

Newberry ......Kalelgh 7»7>«Selma 6\Shreveport..., Bsj

RECEIPTS From the Plantations.—The following tableIndicates the actual movement each week (rom the plantationsiThe flgures do not include overland receipts nor Southernconsumption; they are simply a statement o( the weeklymovement (rom the plantations of that part o( the crop whichanally reaches the market through the outports.

TF«kMnimt—

July 29.

Aug. 6..

" 18..•• 19.." 86..

Sept. 2..

lUeeipti at the Ports.

1890. 1891. 1892.

2,5J(1

1,119

8.766

14.295

42.810

93,589

7,330

6,850

7,881

17,394

31.429

6.979

8,656

6,101

6,703

11.878

23.473

St^kat Interior Tovmt.

1890. 1891. 1892.

7,930

7.277

7.439

9,644

12,833

21.448

86.876: 155,607

61,586 152,473

57,237 147,953

68.660 131.856

65.601 128,629

66.0211126.619

iJe«'pt»/rom Plant'nt,

1890.

79

766

3.918

18,500

46.909

101,204

1891. 1892.

2.243

1.760

8,536

16,807

30,380

64 868'

2.197

5.62S

i.6n

S,651

21.463

The above statement shows: 1.—That the total receipts (romthe plantations since September 1, 1893, are 6,247 bales: in1891 were 33,088 bales; in 1890 were 85,738 bales.2,—That, although the receipts at the outports the past week

were 33,473 bales, the actual movement (rom plantations wasonly 21,463 bales, the balance being taken from the stocks atthe interior towns. Last year the receipts from the plantationsfor the week were 51,8.j8 bales and for 1890 they were101.301 bales.

Weather Reports by Teleoraph.—Telegraphic advicesto us this evening are generally of a favorable character.Picking is progressing finely in Texas and is becoming moregeneral elsewhere.

Galveston, Texas.—U has rained lightly on one day of theweek, the precipitation reaching one hundredth of an inch.The thermometer has averaged 83, the highest being 89 andthe lowest 76. August rainfall five inches and twenty-twohundredths.

Palestine, Texas.—The crop continues promisinj: and pick-ing is active. We have had heavy rain on two days of theweek, the rainfall reaching one inch anl ninety-two hun-dredths. The thermometer has averaged 79, ranging from 66to 93. Rainfall for the month of August (our inches andseven hundredths,

Huntsville. Texas.—The crop looks well and picking is pro-gressing. There has been light rain on one day of the week,the rainfall reaching two hundredths of an inch. Toe ther-mometer has ranged from 70 to 93, averaging 81. During themonth of August rainfall seven inches and thirty-seven hun-dredths.Dallas, Texas.—The crop is good here and nearly every-

where else in Texas, with picking well under way. We havehad fine rain here on one day of the week, the precipitationreaching sixty hundredths of an inch. Average thermome-ter 76, highest 93 and lowest 60. Rainfall (or August twoinches and twenty-six hundredths.

SoTi Antonio, Texas,—"We have had splendid rain on threedays o( the week, good (or everything else except our cottoncrop, which is beyond redemption. The precipitation reachedthree inches and (orty-five hundredths. Tne thermometerhas averaged 83, the highest being 94 and the lowest 70. Au-gus't rain(all nine inches,

L/uling, Texas.—There has been heavy rain on one day o(the week, doing no damage, but it was not particularlyneeded. Crops of all sorts are very fine. Picking is active,but it is hard to keep up with, owing to the scarcity o( pick-ers. The rainfall reached one inch and fi(ty hundredths.The thermometer has averaged 78, ranging from 60 to 96.Rainfall for the month of August three inches and seveaty-two hundredths.Columbia, Texas.—There has been rain on two days of the

week, rather bjneficial, but no mire is wanted as worms arefear»d. Picking is active and all crops continue to look well.Rain(all seventy hundredths o( an inch. The thermometer

378 THE CHRONICLE. [Vol. LV.

has ranged from 70 to 94, averaging 83. During the monthof August rainfall one inch and sixty-two hundredths.

Cuero, Texas.—Ciops are good and picking is active. It

has been showery on three days of the week, the precip-

itation reaching twenty-four hundredths of an iuch. Aver-

age thermometer 85, highest 08 and lowest 73. During the

month of August the rainfall reached two iaches and sixty

hundredths. .

Brenham. rea;as.—Kcking is progressing. Crops are fairly

good, nothing more. There is considerable complaint about

boll worms. There has been three days of fine rain during

the week, the rainfall being one inch and twenty two hun-

dredths. The thermometer has averaged 84, the highest

being 98 and the lowest 70. During the month of August the

rainfall reached two inches and thirty-two hundredths.

Belton, Texas.—The crop looks promising and picking is

active. We have had good showers on two days of the week,

the precipitation being thirty-flve hundredths of an inch.

The thermometer has averaged 78, the highest being 92 andthe lowest 64. Rainfall for the month of August seven inches

and four hundredths.Fort Worth, Texas.—Crops of aU sorts are excellent, and

picking is progressing finely. We have had fine showers ontwo days of the week, the rainfall reaching sixty huadredthsof an inch. Average thermometer 76, highest 93, lowest 60.

August rainfall, two inches and twenty-eight hundredths.Weatherford, Texas.—Picking is progressing and crops of

all sorts continue very promising. Rain has fallen on twodays of the week, the rainfall reaching fifty-nine hundredthsof an inch. The thermometer has ranged from 60 to 94, aver-

aging 77. During the month of August the rainfall reachedtwo inches and thirty-one hundredths.New Orleans, Louisiana.—Bain has fallen on three days of

the week to the extent of seventy-five hundredths of an inch.

Average thermometer 83.

Shreveport, Louisiana.—Rainfall for the week forty-onehundredths of an inch, on foui- days. The thermometer hasaveraged 77, the highest being 90 and the lowest 61.

Columbus, Mississippi.—Telegram not received.

Leland, Mississippi.—The weather has been quite cool thepast two days. There has been rain during the week, to theextent of eighty-four hundredths of an inch. The thermom-eter has ranged from 53 to 83, averaging 76'3.

Meridian, Mississippi.—We have had rain on two days of

the week, but the weather is now clear and cool. Pickinghas commenced to an extent, but the crop is late. The ther-mometer has ranged from 55 to 84.

Little Rock, Arkansas.—We had heavy rain on the first

three days of the week, the rainfall reaching four inches andeighty-one hundredths. Latterly the weather has been clearand cool. The thermometer has averaged 75, the highestbeing 83 and the lowest 61.

Helena, Arkansas.—Crops are late. We had one lightshower during the week, the rainfall reaching five hundredthsof an inch. The thermometer has averaged 74'5, rangingfrom 08 to 90.

Memphis, lennessee.—Rain fell on Saturday to the extentof thirty-four hundredths of an inch. The latter part of theweek has been cooh Boll worms are reported, but no damagedone as yet. The first new bale arrived on Thursday. Thethermometer has ranged from 61 6 to 90, averaging 75 •4.

Nashville, Tennessee.—There has been no rain the past week.Average thermometer 73, highest 89 and lowest 54.Mobile, Alabama.—Crop reports indicate more tavorable

weather. It has rained on seven days of the week. The ther-mometer has averaged 80, the highest being 93 and the lowest67. During tlie mouth of August the rainfall reached thir-teen inches and forty-seven hundredths.Montgomery, Alabama.—It has rained lightly on three

days of the week, the rainfall reaching eight hundredths ofan inch. The thermometer has averaged 81, ranging fro n 72to 90. During the month of August rainfall reached seveninches and eighty-two hundredths.Selma, Alabama.—Telegram not received.Auburn, Alabama.—Crops have been benefitted by the last

few days of sunshine, and cotton is opening rapidly. Theweek's rainfall has been twenty-three hundredths of an inehAverage thermometer 78 6, highest 89 and lowest 69.Madison, Florida.—Te\e^a,m not received.ColumXxns, Georgia.—"Raxn has fallen on two days of the

week, to the extent of one inch and twenty-five hundredths.The thermometer has averaged 83, ranging from 73 to 89.Savannah, Georgia.—It has rained on five days of the week,

the rainfall reaching fifty-two hundredths of an inch. Thethermometer has ranged from 71 to 96, averaging 82.Augusta, Oeororia.—Accounts from the crop are not good.

The plant is suflfering through lack of rain. We have hadlight rain on two days of the week, the rainfall reachingeighteen hundredths of an inch. Average thermometer 80,highest 93 and lowest 67, Rainfall for August two inches andforty-six hundredths.

Charleston, South Carolina.—Riin has fallen on six days ofthe week, to the extent of one inch and fifty-eight hundredths.The thermometer has averaged 81, the highest being 94 andthe lowest 70.

Stateburg, South Carolina.—It has rained on three days ofthe week to the extent of forty-three huadredths of an inch.The thermometer has ranged from 71 to 91-7, averaging 78-7.

Wilson. North Carolina.—Telegram not received.The following statement we have also received by telegraph

bowing the height of the rivers at the points named at 3o'clock September 1. 1892, and September 3. 1891,

New Orleans Above low-water mark.Memphig Above low-water mark.KaslivlUe Above low-water mark.Shreveport Above low-water mark.Vlcka >urff Above low-water mark.

Sept. 1, -92. Sept. 3. '91.

Feet. Feet.4-7 4'87-7 1052-2 3-83 5 4-8112 16-9

Cotton Crop Circular.—Our Annual Cotton Crop Reviewwill be ready in circular form about Thursday, the 8th of

September. Parties desiring the circular in quantities, withtheir business card printed thereon, should send in their orders

as soon as possible, to ensure early delivery.

inuiA Cotton Movement from all Ports.—The receiptsand uipments of cotton at Bombay have been as follows forhe week and year, bringing the figures down to August 31.

BOMBA.T RECEIPTS AND SHrPMEHTS FOR FOUR TEARS.

Shipments this week. Shipments since Sept. 1.* Receipts.

r«or GreatBriVn.

Oonli-nent. Total.

GreatBritain

Conti-nent. Total.

This SinceWeek. Sept. I.

91-2ao-1•9-90•88-9

i'.ooo1.000

4,0001.0004,0006.000

4,000 69.0001.000 103,7925,000 372,95>i7,000l3S6.415

835.000942,65711237690'2,139

901.0001,046.4191,498.7271,288,554

2.000 1.74S.0005,000 2,062.7323,000 2,210.3804,000 1,877,877

* For years ending 8eyt. 1, 1892, 1891, 1890 aad 183 J.

Shipments for the week. Shipments since Sept. 1.*

QreatBntain.

Conti-nent. Total.

GreatBritain. Continent. Total.

Oalontta—1891-92...1890-91...

Ifadras—1891-92 ..

1890-91...4U others—1891-92...1890-91...

1,000

3.0002,000

3.0003,000

2,000

2.0001,000

4,0002,000

3,000

5,0003,000

7,0006,000

13,00012,538

31,00032,913

42.00062,501

31,00042,0t)6

15.00027,317

74.00086.859

47.00054,654

46.00060,230

116.000149,360

Total all-1891-92...1890-91...

7.0005,000

8.0003.000

15,0008,000

86,000108,002

123.000156,242

209.000264,244

For years ending Sept. 1, 1892, and 1891.

EXPORTS TO SCROPE FROM ALL INDIA.

Shipmentsto all Europe

from—

1891-92. 1890-91. 1889-90.

ThisKeek.

SinceSept. 1.

Thisweek.

SinceSept. 1.

Thisweek.

Sine*Sept. 1.

Bombay4Uotherports.

4,00015,000

904.000209.000

1,0008,000

1,046.419264.244

5,000 1,498.7277,000 373,461

Total 19,000 1,113,000 9,000 1,310.693 12,000 1,872,18(4

I

ALEIAHDRIA BECKIPI9 AND SHIPMENTS.

Lltxandria, Egypt,August 31.

iteoeiptB (cantars*)This week....Since Sept. 1.

1891-92.

8.0004,673,000

1890-91.

10.0004.032.500

1889-90.

12,0003,183.000

B tports (bales)—Liverpool

To Continent & Amt

Total Europe

Thisweek.

1,0002,000

3.000

SinceSept. 1.

332.000289,000

621.000

Thisweek.

2,0001,000

3,000

SinceSept. 1.

280.957262,826

543 7831

Thisweek.

1,000

1,000

SinceSept. 1.

266,842166,887

483.729

* oanrH.-- m 98 iiniinds

t Of which t* America la 1891-92 25,177 bales; In 1890-91, 18,790bales, and 1q 18^9-9 <, 1.250 bales.Note.—Tutals since Sept 1 cover the lull yeirs 1891-92, 1890-91

and 1889-90.

Manchester Market.—Our report receivedbv cable to-nightfrom Manchester states that the market continues quiet for

both yarns and shirtings, Manufacturers are working to

stock. We give the prices for to-day below and leave thosefor previous weeks of this and last year for comparison:

1892. 1891.

32< Cop. 8>4 lbs.Cott'nMid 32» Cop. SH lbs.

OotenHid.

Twist. Shirtings. VpUls Twist. Shirtings. Vpld

d. d. a. d. B. d. d. d. d. 9. d. s. d. d.

J'ly29 65,8 a'T-iia 5 0'<®6 5 4h6 6% ®738 5 8>sa6 10 I'lRAug. 5 63i6 a>7% 5 ®6 41s 4 6% ®738 5 «>sai6 10 4>«•• 12 6li6 ®7 4 11 -ae 4 3l5|e 613io®7'i6 5 9 -sen 4ifl" 19 6 -SB's 4 10 ai6 4 316l8 6% ®738 5 HijarilOia 4''i«" 26 5'e ®6% 4 9 ®6 3 316 6 e'a ai7'« 5 8 ®7 4»te

Sep. 2 5H 'a>6\ 4 8 ®6 2 315j8 7 ®7!l4 5 9 ®7 1 47,

Jute Butts, Baomno, &c.—A moderate amount of businessin jute bagging has been transacted during the week underreview, on the basis of 63^c. for \% lbs., 6J^c. for 2 lbs. and7J^c. for standard grades. Jute butts are quiet but steady at

\%c. for paper grades and 2%o. for bagaing qualities. Alarge business has been done for future delivery, mainly in

paper grades. The stock of jute butts and rejections in NewYork on September 1 was 61,700 bales, agiinst 66.000 bales at

the same date in 1891 and 96,030 bales in 1890. The imports

into the United States during the eight months—January 1 ta

September 1—reachel a total of 198,812 bales, against 504,990

bales a year ago and 384,247 bales in 1890,

Domestic Exports of Cotton Manufactures.—Throughthe courtesy of Mr. S. G. Brock, Chief of the Bureau of

Statistics, we have received this week a statement showing the

exports of domestic cotton manufactures for July and for

the seven months ended July 31, 1893, with like figures for the

Sbftbicbkb 8, IBOa.j THE CHRONICLE. 379

oorresponding poriods of the previous year, aud give thembelow:

QuantUUtof Manufacturu of Cot-ton (eolorsd and uneolona)

NDporUdto-'

United KtiiKdum yardiUvnimnr "

Ottioroountrlesin ICaropt....British Norlh Amerloa "Mexico **

Cenlnil Anierlcan 8Mtu taAUrittsh ilonduriu **

diba '*

Puerto Itloo"

Hunto UoutlcRO **

Other West Indlu "

A r^untt ne Uepublto **

Hniill "

United HtHtes of CulombU... "

Other ouuntrles Id S.Amorloa "

Ohlii« "

RrlL. PoB<<os'niiln Australasta "

British India and Kaat Indlu "

Other o<iunirle8 In Asia andOoeunlca **

Africa "

Other oountrlM. "

Total jardi of aboTe **

Total Tatues of abovealoe per yard

FoJtwj of other Manufactwet ofCf>tt4}n «rporttd to—

United KingdomQermanyFranoeOther conntrtes In EuropeBritish North AmerloaMexico -

Central American Statea & BritishHonduras

CubaPuerto RicoSanto DomlnKOOther Weal IndiesArsentlne RepublicBraillUnited States of ColombiaOther countries In 80. America. ...British possessions In AustralasiaOther countries In Asia andOoeanlca

AfricaOther countrlea

Month enMnt July 81. 7 mos. triAing /ulv Al.

18M.

48S.DT0ll.MM

100,808M,808

S18,S78

4e3.Ml7«,08ea».am8*,imtm.inavn.wo

l,fl0i.l4B914,«»

1.108,«037,H6.*'»

2,68JS93,«(MI

laO.SiK)

l,«70.08a1411.418

14.210.174

t'OeOfi

tia.ts813,040

90511.SD8

10»,174lS.ft6e

4,'

8,70«

*va8,7964.«74ami3,U94.1I8S

8.724

14,850430821

Total Talue of other mannfao-1tores of 1 t2IS.637

Aireregate Talue of all cotton goodsl tl,07j.87t

18»1,

808,31831,148

108,104T8.i8B

076,H»4

804,4(1010.0 to8,018

84.430fl'<4.48l

837,18840«,UU401,887

8,818.08810,700,038

80,«8H188,000

317.76180.518

750,458

18.1424''3

tl,ll)f,47u

(0641

I16.886«.87>

888.787

43.163IS.MM

13.1A50,0 1 :<

09378

5,048If-M

6,7878.9048.8868.870

36,848446599

(163.1

tl.S30.e

1891-83.

8,807,948143.140904.349481.779

3,988,101

4,018,099287.907411,76169«,C08

0.976.4411,79S,8838,414,8648,387,14814.0H9.88047,813.' 98

186.1541.848,936

8.870.4848.784.4334,878,950

111.984.884

1880-91.

4,468.688IM.ilU086.877481.071

3,941,176

e,08«.fl;i8

158,75768.HIIH

878.8004,56v.'.81<

697.3488,li08."63

3.868.HH110.470.5786j.07S.38H

141.4082,868.:i84

8.980.5358,08«.-Sl8,038.683

tl6,045.60»

te,681,l,«9

I-0B91

|84.0t400.4487.1SI

22.640605.524,80.048

83.68039.7148.6832.880

84.11017,29440.2B724,><11

2;,87488,717

106,4610.H0

ll,4B0

11.348.572

«7.883.84i

17,686.291

1-0063

1160,79723.3204.1X7

12.3S7832.21180.700

46.4^43tl.27.<

8.0326.8«0

28,1692.8119

34.10521.82621.28938.431

1SJ.0536.491

25.856

81.063.1I9

88.7.59.410

Deep Water os Charleston Bab.—The foUowins: letterfrom Lieutenant G. L. Garden to a prominent resident ofCharleston, S. C, has just been sent us, and e.^plains veryclearly of what bsneSt to the harbor have been the jettiesconstructed under his supervision.

U. 8. Revbnde Btkambr Mokrill, )

Port of Cha:blksion. 8. C Aug, 24. I8st2. JDear Sir: It mayintereit you to know that today between the

hotira of l',.':10 A. M. and 11:03 A. M., with the tide not over sir inchesbelow high-wuer mirk, the MorrlU ran two careful lines of poandingover the sioal grouut on the other end of the Jetties oUanncl.with theresult that the least dopth of water obtaiuetwas 14 feet 6 inches.Thisoaat w u) a:<coiupanldd aliuojt simultaneously by a call of 15 feet6 IncheH froiu the 'ipposite leadsman.The iouiidluga wrra taken with the Morrill under slow headway, a

leadsman lu l>oth the starboard and port chains, and a clear channelway aliea t. On the second run over the shoal the folliwliifc casts wereobtained at the ratrt of oiuht per minute and wer^ scrutlnlzort by Cap-tain H. T. BUke, Ueu'enait Hjward Emaryand mysalf. The wheelwaa In charge ot Mr. E Iwin Dennis, pilot.Commenced sounding at 10:57 A.M.Starboard Lead. Port Lead.

17 feet 10 inchea 16 feet 6 in.'hes18 feet 18 feet t> Inches18 feet 6 Inches 19 feet 6 tncliea18 feet einobvg 19 feet 6 Inches19 feet 19 feet18 feet -. 19 feet17 feet 6 Ino'ies lHf.-et 3 Inches17 feet 6 Inches 17 feet lOlnolies15 feet 17 feet15 feet 6 inchea 17 feet16 feet 18 feet16 leet IS fret18 feet 6 Inohes 20 feet19 feet 21 feet and d. w.La it .sound at the edge ot shoal waa made at 11:03 A. M.Theca-itof 15 feet obtained by the starboard lead was on this oat-

ward run. thoiieh it will bs observel from the over that the port leadgave a oast of 17 feet at the same time.You win further notice that although on the first run in or over the

shoal one leafl gave a 14 feet 6 inch cast, this lamp was not disclosedon the second run. mule not more than seven minutes later.Now, oBioially then, let mu congratulate you upon the progress being

made. Two months ago our leads at tip-top high water give evidenceof a 12 foot lump. To d;iy with the tide six inohes down this lumpwas found under 14 feet G inches of water.

Believe me, very truly yours, G. L. Garden,Lieutenant U. B. R. m.

MEifPHtS DiSTftlCT CrO? I?S?9RT,—Messr*. Hill, Fontaine

& Co. of Memphis issued on August 30 their report for Aug^uston cotton in the Memphis district (West Tennessee, NorthMississippi. North Arkansas and North Alabama), summariz-ing it as follows

;

. rn«eru.e"t.enertci:dindur"«6»'*»^»"W« weather, orqp prospects

Qftve Improved somewhat. A mMJority of our corrcspoQaeuis reporttie weatlier during AuRUt as having been favorable for cotton, burtaking iha season as a whole 224 out of the totil of 372 report It lessfavorable than last year. The plant is making progress, and wUlle theaverage of replies indicate that the season Is fully eighteen days late, amslority report the plant as fruiting well and retaining it* stjuares andbolls. There is general complaint, however, In all the fourS'ate-i otshedding, due to excessive rains in some looa'ltios and drought inothers. There are also reports of worms In Mi9«i8slppi and rust In all theStates. TUeeonilitlon of crops as simiuarlz-id is only fair and n.t upto an average. Tso hundred and elght,v-four ot the total report themmuch less promising than at this date last year and 202 reportdamage from various cause 1 to a greater or less extent. PickingwiUnotoouimeneu In any of the four States ewller than Sept. 15. anawill not become general until toward the oloss ot the month, and In

many aeollona will be delayel until tbs middle ot October. The ooracrop li In botrxtr coiiilltlon than ootion, anil on Boooaot of the UrgsInsroMe Id acreage the vleldotthleoeresl prombM to be more tbaaample for home ilemtiKi.

First Balb op Louisiana Cotton.—The first cotton of theLouisiana crop of 1803 was received at New Orleans onWednesday, August 'M, from O. W. Bongs of Bejjp's Station,

St. Landry Parish. It was sold at auction to J. Skinner, at 7

cents per pound. List year the Brsl hale of Loui-iiana cotton

reached New Orleans on August 12; in 1890 the first arrival

was on August 8, and in 1889 on August 13,

Nkvt North Carolina Cotton.—The first bale of cotton of

the crop of l89i-93 raised in North Carolina was re;eivelat

Raleigh on August 31 from L. T, Byrd, Cleveland Township,Johnstoa County, N. C. and was shipped the same night to

Norfolk. L-vst year the first bale of new North Carolina cotton

reached Norfolk six days earlier, or on August 85, and in 1890

the first arrival was on August 20.

Memphis First Bale.—Mr. Henry Hotter, Secretan' of the

Cotton Exchange at Memphis, telegraphs as that the first bale

of cotton of the crop of 1893-93 grown in the Memphis dis-

trict was received at Memphis on Thursday, Saptember 1, fromFriarspoint, Coahoma County, Mis-iissippi. It ckssed strict

mi Idling, and was sold by auction at 9 cents per pound.

Tliebale was shipped to Providence, R. I. The first bale arrived

Last year on August 22, and in 1890, as well as in 1889, onAugust 18.

Shipping News,—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached

13,180 bales. „,,^,Total bait*.

New York—To Liverpool, per steameni Nevada, 619 No- „ __„madlo, 1,650 2,269

To Havre, per steamer La Bretagne, 100 luoTo Bremen, per steamers Ems, 286 Havel, 123. 409To Barcelona, per steamer Martin Saenz, 500 500To Genoa, per steamer Werra. 29a •- 299To Martinique, per schooner Mary O. Hale, 1 1

New OKLEAN8—To Liverpool, per steamers Astronomer, 2,950Florlrtlan, 600 '• ,2

To Hamburg, per steamer Gra'sbrook, 50 50To Genoa, per steamer Citronilla, 3.200 3,200

Boston—To Liverpool, per steamers Kansas, 1—Lancastrian,1,401 .----— 1.402

Baltimore—To Liverpool, per steamers Barrowmore, 100—Federlco, 300 400

Total ^2,180

The particulars of these shipments, arranged in our usual

forn), are as follows:

Liver- Brt- Ham' Barce- Martifi-

poul. Havre, men. burg. lona. Genoa, iquf. Total.

New York. 2.269 100 409 500 299 1 3,578N Orleans. 3.550 50 3,200 6.800Boston 1,402 '7 X.Baltimore. 4')0 • 400

Total.... 7,6il 100 409 50 500 3,499 1 12,180

Balow we add the clearances this week of vessels carrying

cotton from United States ports, bringing our data down to

the latest dates:

New Orlbans— roLlverno3l-Aus(. 26-8teamer Connsellor, 2,000....Aug. ;ll-StBamir Yaoitan. 1.4J3.

To Himburg -Aug. 3J—Steamer Europ'*. 150.To Barcelona -Au<. 27—3t-iain->r lum Forga^. 101.

Boston- Do Llverpod—Aug. 27-Steiin')r BDitonUn. S55 ...Aug. 29—Steamer Ottoman, 3 Aug. 30—Steamer Gaorglan. '

.

Baltimore- fo Liverpjril—Au^. ^7--itennir Queusmore, 100.To H.nuhurg-Aug 26 -Steamer O^Ufornia, 52.

To Rotterdam -Aug. 26 -Steamer Venango, .

To Antwerp -Aug. 26—Steamer Rlalto, .

Philadelphia—To Liverpool-Aug. 30—Steamer Lord Cllve, '.

Cotton freights the past week have been as follows:

Satur. Mon. Tuet. Wednet. TKwr$. IH.

Llverpool,8teamd. Os* h» »16 »I6 H» heDo bld...d. .... .... .... .... .... ....

Havre, steam... <!. H S16 »18 »16 h» '16

Do d. ..-• .... .... .... .... >••

Bremen, steam. .d. >88 hi Hi "38 'sa »s»

Do indireot..(<. .*>• .--. .... .... .... • .••

Hamburg.steam.d. ».sa "sa »S8 »»8 Oaa *88

Do d. .... .... .--. .... .... ....

Amst'd'm.steam.d. 80* 30935* 30S35* 30»35* 30935- 30»S5«Indirect d. •» ....

iteval, steam d. "«4-l»64 llg^-Wg, ll64-l»«4 "64-"64 "e4-"64 "«4-«84

Do d. .--, .. .... ....

i3arcelona,steam(i. »16 733314 •'a2*'473j«l4 ».«» "4 Tsjw'h

Senoa, steam. ..d. 11(14 '"«3l8 H<s 'ifl »1« »I6 »16

Trieste, ateam...d 136* »•« "m-1»64 l»««-"6* »6«-"64 18m->6«. l'64-"«4

,» ntwerp, «t-»am.d. ^U '84 '64 '»4 '64 '64

"* Cents, per 100 lbs.

Liverpool.—By cable from Liveroool we have the following

statement of the week's aolas, stnnks, &^., at that port:

Sfft, a,

Sales of the week balee.

Of which exporters took....Of which spooulators took..

Sales AmericanActual exportForwarded .......

Total stock—EstimatedOf which Atnerioan—Eatlm'd

Total import ot the week...Ot which Aiuerloan

Amonnt afloatOf which Amerloan

Aud. 12.

44.0002.0004.200

38.0006.000

48.0001,424.0001,20^,000 1

2'«.onol19.0O0,40.00025.000

A.Ug. 19.

I

41.0002.0004.000

37.0007.000

41.000,39S.OO0,1S2,0002 '..000

160003.S.00015.000

Aug. »».

33.000500

3,40033.0006.000

3^.001)l.'JB6.0"K)l,l.'52.O00

13 0007.000

350'K)l.'S.O 10

52.0001,0004.000

45,0008,000

42.0001.335.0001,134.000

19.00012.00032,000

' 12,000

b60 THE CHRONICLE [Vol LV.

The tone of the LiverpoDl mirket for spats anl futures each

day of the week ending Sept. 2, and the daily closing price s

of spot cotton, have been as follows:

Friday.Bpot. Saturday

Market, )

1:45 P. M.J

Mld.Dprds.

BaleBflpeo. & exp

Harden'Ktendency.

5,000l.OOO

Monday.

Fairbaslnes?doing.

8.0001,000

Futures.

Market, i i 64@2-tH1:46 P. M. ) advance.

Tuesday.

Quiet.

7.0001,000

Steady at Steady at Steady at

Market,\

4 p. H. S

1 «i ad-vance.

N'ar st'dy,distantquiet. I

Quiet.

1-U4 @ 2-U4decitue.

Quiet.

Wednes. Thursd'y

Moderattdemau:1.

8.0001,000

Quiet.

Easy.

Fairbusinessdoing.

315j8

10.0001,000

Easy at2-M de-ciine.

Steady.

Fairbusinessdoing.

10,0001,000

steady atpartialiy1-64 dec.

The opening, highest, lowest and closing prices of futures

at Liverpool for each day are given below. Prices are on

the basis of Uplands, Low Middling clause, unless otherwise

stated;

Sat., Ana:. 27' Mon., Aug. 29. Tues., Aug. 30.

Open

(1.

fflsh Low. Olot. Open High Low.

d.

mos. Open HiQh Low. Olo:

(J. d. d. It. i. d. d. d. d. d

August ,<i,59 3 59 3 59 3 59 3 61 3 61 3 60 3 61 3 53 3 59 358 3 58

3 59 3 59 3 59 3 69 3 61 3 61 3 60 36L 3 59 3 69 3 68 3 58

September.. 3 59 3 69 8 69 3 59 3 61 3 61 3 60 3 61 3 69 3 69 3 68 3 58

Bept.-Oct... .<i59 3 69 3 59 3 69 3 61 381 3 60 3 61 3 59 3 69 3 58 3 58

Oct.-Nov.... 3 60 3 61 3 60 3 61 3 62 3 63 3 62 3 63 3 61 8 61 •itu 3 60

Nov.-Dec... 3BJ 3 63 3 6J 3 68 4 00 4 01 4 00 4 01 3 83 3 68 3 62 3 62

Deo.^an.... 4 00 4 01 4 00 4 01 4 04 4 03 4 02 4 03 4 01 401 400 4 00

Jaii.-Feb... 4 03 4 03 4 03 4 03 4 05 4 06 4 01 4 06 4 03 4 01 4 08 4 03

Feb.-Moh... 4 05 4 05 4 05 105 4 07 4 07 4 07 4 07 4 05 4 06 4 05 4 05

Moh.-April. 4 07 408 107 4 08 4 09 4 10 4 09 410 4 OS 4 08 4 07 4 07

^prtl-May.. .... .... ....

Wed.. Aug. 31. Thurs., Sept, 1. Fri., Sept. 2.

Oven High Low. aioi. Open Hlg/l Low.

d.

Olot. Open High Lovf. Oloi.

d. d. i. i. d. d. d. d. d. d. d.

September.. 3 67 3 67 3 66 3 67 3 54 3 55 3 54 3 55 354 3 67 3 54 3 57

Be|)t.-Oct... 3 67 3 57 3 56 3 67 3 64 3 65 354 3 55 364 3 57 854 3 67

Oot.-Nov.... 3 68 3 59 3 58 3 68 3 56 3 57 3 66 3 67 3 56 3 59 3 56 3 59

Nov.-Deo... 3 60 3 61 3 60 3 60 3 68 3 59 3 68 3 59 3 58 3 61 3 58 3 81

Dec-Jan.... 3 63 3 63 3 62 3 82 3 60 3 61 3 60 3 61 3 61 3 63 3 61 3 83

Jan.-Feb ... 4 01 4 01 4 00 4 01 3 63 4 00 3 63 4 00 8 63 4 01 3 63 4 01

Feb.-Mch... 4 03 4 04 4 02 4 08 4 00 4 02 4 00 4 02 4 01 4 04 4 01 4 01

Mcli.-April. 4 06 4 06 4 05 4 05 4 03 4 01 4 03 4 01 4 01 4 06 4 01 4 06

AprU-May.. 4 05 4 07 4 05 4 07 4 06 4 09 4 06 4 09

May-June.. .... ....

June-July.. .... ....

BREADSTUFF S.Fkidat, September 2, 1892.

The market for flour, sympathizing with a decline in wheat,has been dull, and values have been weak and here and therehave been lowered to a moderate extent. Meal has also beenin light demand and weak. To-day the market for flour wasdull and heavy. Meal was dull and unchanged.The speculation in wheat has been moderately active, and

immediately after our last there was an advance, on unfavor-able weather conditioas, both at home and abroad, andstronger foreign advices, but later weather reports from aUparts became favorable, foreign mirkets turned weaker, thecrop movement continues large, and considerable uneasinesswas shown over the rapid march of cholera westward, all ofwhich led "longs" to sell, and caused a sharp decline in val-ues. In the spot market tbere has been an active business,both exporters and millers being good buyers. The sales yes-terday included No. 2 red winter at J^§lc. over Septemberdelivered, choice red winter at SlJ^c. delivered, and No. 1Northern at 84?4c. delivered. To-day the market was a shadeeasier under selling by "longs," owing to continued favorablecrop prospects and full crop movement. The spot market hasbeen fairly active for export. The sales included No. 2 redwinter at 79%c. delivered. No. 2 hard winter at 775^0. deliv-ered, and ungraded red winter at 743^® 80c.

DAILY OLOSOIO PBIQKS OP I»0. 2 BED WINTER WHEAT._ . . , „ Sat. Hon. Tues. Wed. Thun. Frieteptemher delivery c. SOia SO'g SOM 79% 78% 78%October delivery o. 82 8239 81!^ 80% SOas 80%pecember deUvery o. 85 fed's 84% 84 SSifl 83SMaydeUvery 0. 91 91 gO"* 89% 8914 8319Indian com futures opened for the week under review at

an advance on a demand from "shorts" to cover contractsetlmulated by fears that the crop would be damaged by frost'but subsequently the market weakened as the weather becamewarmer, dispensing with all frost scares, and under a materialincrease m the crop movement. The cholera scare also hada depressing influence upon values. The spot market hasbeen quiet. Yesterday's sales included No. 2 mixed at 57,c(i58oin elevator and 57i|® 58i^c. delivered. To-dav the market wasdepressed by liberal receipts West and favorable weather con-aitions for the growing crop. The spot market was a trifle

S^JI,??"^® ^' * decline. Sales included No. 3 mixed at08357)^0. in elevator and 56^358>^c.°deUvered.

DAILY CLOSING PKICEB OF NO. 2 MIXED COEN.

September delivery c.

October delivery c.

December delivery c.

May deUvery o.

Sal.571357'«57%58=8

Man.58I458I457^858%

l\ies.

571a57 "fl

571359 -i

Wed.56561856%58 "4

Thurs.565656145814

Fri.54%54%55 1456%

Oats have steadily declined under unloading by "longs,'

prompted by a continued good crop movement, and later theweakness of wheat and corn helped to send prices downward.The market to-day was lower in sympathy with the decline in

other grains.

DAILT CLO8INO PRICES OF NO. 2 MIXED OATS.

Sat. Mon. Tues. Wed. Tkurs. Fri.September delivery o. .S8% 38I3 38I4 37% 37% 3719Oetolwr deUvery 0. Sg^ 39^^ 39 36^ 38i« 38December deUvery c. 4014 40>4 4014 39% 3913 39May aeUvery 0. 42% 42% 4214 42 41% ilHRye has been dull and values have declined a trifle under

weak foreign advices.

The foliowins are closing quotations:

PLODR.Patent, winter SS4 25®$4 50City mills extras 4 2i<»Ryeflour.saperllne.. 3 109 3 85Fine S ....

Corn me*l—Western, &o 2 80 a 3 00Braudywine..

Fine IJbbl. $1 70a$l 90SaperUne 1909 2 10Extra, No. 2 1 95® 2 40Extra, No. 1 2 508 3 25Clears 3 10*3 90Straitrhts 3 90a 4 30Patent, spring 4 25 a 4 65[Wheat flour In 8a<'kB sells at prices below those lor barrels.]

ORUN.0. Com, per bush,85 West'n mixed78ifl

828238I94i38i340'3

3 25

Wheat— 0.

oprlng. T>erbnsh... 74 'It

Bed winter Nj 2 .

.

77ia3Red winter 70 ^White 72 -a

Oatfi—Mixed..? bn. 37 -a

White 39 aNo. 2 mixed 37iaaNo. 2 white 39139

52Steamer No. 2.

West'n yeUow 58Western white ...

.

58Rye—Western, per bnsh. CIBt.ate and Jersey.. 61

Barley—No.2We8t'n. ..

« 60TO

a 62a 63

in 6Sa 68

.,

O^ Statement of Exports ot BreailxtulTM from United StatesPorts lor July will be lound on page 362.

The movement of bread^tuffa to markst is indicated in the

statement below, prepared by us from the figures of the NewYork Produce Exchange. We first give the reosipts at

Western lake and river ports, arranged so as to present the

comparative movement for the week ending Aug. 27, 1893,

and since August 1, for each of the last three years:

Receipts at— Flour. Wheat. Corn. Oats. Barley. Hue.

Bbls 19616s Bil3h.Q0lbii Bajih.6'1 lbs Bush.31 lbs Bash.iS lbs Bu.58 lbs.

Chicago 106,985 2,512,212 1,611,905 2,033.030 39,075 88,490

Milwaukee... 30,220 191,15 i 28,220 131,000 45,700 28,100

Duluth 123,090 180,090

Minneapolis. 717,570

Toledo 1,767 1,811.483 6 1,55

1

18,S;2 31,893

Detroit 4,115 472,804 13,569 54,912

Cleyeland.... 6,601 83,476 18.764 71,515

St. Louis 27,99f) 1,365,256 221,110 304,210 700 23,891

Peoria 4,250 70,050 81,030 304,700 6,800 6,400

Tot.wk. '92, 301,921 7,703,019 2,0Jl,49i 2,923,3;9 91.076 183,783

Same wk,'91. 213,805 6,617,217 3,235,883 3,231,521 213,373 1,183,837

Same wk,'90. 215,109 1,831,398 2,510,707 3,037,231 681,915 143,139

Since Aitfj. 1.

1891-92 1,115,990 28,166,63) 7,197,713 10,081,535 363,745 199,887

1890-91 798.236 24.009,418 9,769,2.i8 10.523,233 463,427 3,104.030

1863-90 883.237 8.735,331 9.935,18:! 11,112,575 1.126,532 412,911

The receipts of fiour and grain at the seaboard p3rt3

week ended Aug. 27, 1893, follow:

Flour, Wheat,At— bbH. bush.

New York 159,412 1,469,800Boston 45,751 20,853Montreal 29,350 107,7.i5

" 559,7538^0,21331,121

516,350

for the

Philadelphia.. 37,013Baltimore 86,433Richmond 3,800Nevf Orleans.. 25,533

Com,bush.

2Sti,10084,503

103,51952,53033,99329,92640,797

Oxls,bush.531,500113,23861,23573,3233), 4 1512,03176,039

Barley,bush.11,700

Bye,bush.6,700

1,100

20,717336

Total week.. 337,316 3,536,152 6J0,718 933,311 13,100 27,733Cor, week '91. 375,033 6,735,366 633,799 1,153,733 13,033 570,177

Below are the rail shipii9at3 oE fljur aad gcaia frota

Western lake aad river ports for four years:

1892, 1891. 1890. 1889.Week Week Week Week

Aag.27. Aug. 29. Aug. 30. Aug. 31.

Flour bbls. 297,060 289,334 273,911 193,373

Wheat bash. 1,129,187Corn 207,050Oats 1,186,487Barley 3-5,422Rye 49,055

1,078,573233,991

1,507,9154 1,17348,664

661,397919,733

1,917,72244,2 2546,670

520,462333,058727,53219,98942,326

Total 2,607,201 2,937,315 3,592,742 1,663,415

The exports from the several seaboard ports for the weekending Aug. 27, 1893, are shown in the annexed statement:

Exportsfrom— Wheat. Corn. Flour. Oats. Bye. Peas.

Bush. Bu^h. Bbls. Bush. Bush. Bush.NewYorkBoston...

831,755109,116

193,40750,879

106,50915,631

3,003 1,876 1,496

Montreal 43,103 678 l6,i 2'3

Philadel

.

342,753 9^,890 19,572Baltim're 773,880 60,050 63,247N.Orl'ns. 517,599 69,189 919N.News.. ...... •

Norfolk.. 4,827Rlchm'ud

Tot. week 2,625,211 474,415 216,383 13,128 1,876 1,4968'me time1891 .. 3,787,529 324,881 204,131 110,631 119.813 12.693

September 8, 1808.] THE CHRONICLE. 381]|ii

The visible supply of grain, ooinpriiing the atooks in granary

at the principal iH>int3 of aooumiilatioa ak lake and seaboard

ports, Aug. 27, 1892:

Corn,biuh.703.00025,0005,000

350,0004,300,000

Wheal,In sinre at— bulk.

New YorU 3.181,000Do ntluat.... 209,000

AlbanyBuffiilo 2,708.000ChloiDfo 6,193,000Milwaukee 607,000Duliith 1.749,000Toledo 2.002.000Detroit 714.000Bt Louts 4.142.00t>Do afloat.... 53,000

Clnclnuatl* 1,000BoBton 228,000Toronto 86,000Moulreal _ .-SOS.OOO

PhllftiluUihla.... l,39i.(X)0Peoria 31.<)00IndlanaiiolU.... 591.000K«n«»» City.... 721.000Biiltlmore 2.117,000Mliini'iiiiolU.... 4.128,000Ob Mississippi.. 104,000Ou lakes 1,894,000OncanalArlver 1,203,000

Oalu,bush.6i 1,00085,00021,000

305,0001,623,000

biian.

6,000

71,00011,000

213,000

7,606101,000

'i9;6o6128,00046,00030,00077,00027,00038,000

1,355.60666,000

91,00043,000

361,000

'5,606112.00010,000

371,000113,000137,001)68,01093,00051,0004,0004,000

529,000634,000

12,000S.OOO

153,00037,000

Jtirley,bu»h.24.0001-2,000

11,00044,00055,000

96,00011,0001,000

2,000

"'fio'uo5.000

10,00045,000

14,000

44.00012,00032,00066,000

3,000

22,000 16,000

Tot. Aoic. 27.'92.34,950.000 7,578,000Tot. AUK.20.'i)2.31,779,000 7,149,000Tot. Auk. 29,'i>l. 19.1 24.8 12 .i,61 1,353Tot Auk. 30,'90. 17,637,744 9,2!)0,647Tat.Aug. 31,'89.14,385,710 11,755,531

5,281,000 411,0(H)5.046,000 35:1,0003,146.561 2,439.6123.349,933 516,9496,130,653 924,824

333,000356.00065,518

470,803291,776

L:ut week's stooka; thta week's not reoelred

THE DRY GOODS TRADE.NSW York, Friday, P. M., September 2, 1892.

There was little to disturb the even tenor of the market at

first hands during the past week until just at the close. Trade

has reached fair proportions in the way of new business, with

a continued free movement on account of back orders. Job-

bers have placed a considerable number of orders for dupli-

cate lots of merchandise for fall trade, Western houses par-

ticularly being prominent in this connection. Converters

have not been an active factor, nor hava exporters tut anybetter figure than of late. While the general tone of the marketis firm to hardening, there has been rather more evidence in

one or two quarters of production just now being larger thanthe demand, and of less stiffness on the part of sellers, This,

however, is but an incidental experience. The jobbing trade

has again been active and large sales are reported for the

week in all leading departments. For the month of August,which closed Wednesday, the aggregate business in jobbi ngcircles has marked a considerable advance on results attained in

August last year, mainly due to the heavy sales of woolenand worsted dress good?, silk fabrics and printed cottons. Anoccasional department has barely held its own, as in the in-

stance of ginghams, which, although doing fairly well now.were in slow demand early in August. Country reports of

trade prospects continue encouraging and collections are good.

At the close of the week the danger of cholera obtaining afoothold in New York overshadows all other considerations.

Should but one or two cases only be reported in the city it is

apprehended that trade will be seriously affected. As it is,

many buyers have pushed their business daring the past twodays in order to leave town as quickly as possible. Thereought to be a good stream of visiting buyers for some weeksyet, but cholera in New York would, it is believed, divert it

to other jobbing centres. The situation h^s thus serious pos-sibilities for the jobbing trade of the city now in the height ofits fall season.

Domestic Cotton Goods.—The exports of cotton goodsfrom this port for the week ending August 30 were 2,228 pack-ages, valued at $113,393. their destination being to the pointsspecified in tho table below:

Krw York to Ano. 30.1892. 1891.

Wtek. Slnct Jan. 1. Week. /Since Jan. 1.

Great Britain 8117

3,6101,178

66,6364,1029,9906,554

11,3852,6514,330

32.8491,980

81822

349

"ise54

30063

2241,219

8

3.269Other Ktiropean....... 1,043

104,309India 55

"12646922824299219

4,832Arabia t

Africa7,7884,5259,1042,651

Central America 6,08522,4941,875

Total 2,228 145,26511,890

3,2463,860

167,975China, via Vancouver,

—

17,673

Total 2,228 157,155 1 7,100 185,650* F^om Kew EngUnd mill points direct.

The value of the New York exports since January 1 havebeen ?7,337,528 in 1893 against $8,721,155 in 1891.

In brown sheetings business has been of fair extent at first

hands and fully up to the averaaie with the jobbing trade.

The demand has run mainly on 3}^ to 5^^ yard makes, with4 yard styles in heaviest request. Prices are unchanged.Drills have ruled quiet for both home and export trade.

Bleached shirtings are mostly firm, and in some instancesfurther advanced, but there are one or two makes of medium-priced lines selling slowly and not over steady in price.

1890.A un. 30.473,»H)C>123.000

None.

"Forget-me-Not" 36-inch bleached has been advanced to 6c.

and Berkley "Coronet" cambrics to 1)4,0. per yard. Widesheetings continue sold up in most popalar brand* andcolored cottons, denims, ticklnj;s and fancy ducks are in asimilar position. Kid finished cambrics are in fuller supplythan of late, but still firm. Other domestics are all un-changed. Prints continue very firm all round; all the Oarnerprinti have been variously advanced from 2% per cent up to

Sic per yard. Agents have reported better progress withspring styles of giugham^, but the business in these is

still unimportant. Print cloths remain quoted at 3J,^c. per

yard for 04 squares, but this quotation is nominal, as there areno sellers thereat of spot goods and fe t who will accept it for

deliveries up to and including January.1392.

Stnel- of Print fHolhn Aug. 27.Held by Providence mannfactarers. None.Fall River manufacturers 4,000Outside speculators (est.) none.

Total stock (pieces) 4,003 763,000 596,000

Domestic Woolens.—A very moderate business has beendone this week in heavy-weight woolens and worsteds, butquite an average volume of orders has been recorded in spring

weights. Piece-dyed and solid colored worsteds and fancies

have had the preference in the higher-price 1 ranges, while in

low-cost goods all-wool fleece and cheviot suitings have formedthe bulk of business done. Some buyers have shown dissatis-

faction this week with the low-priced goods delivered to them,stating that they were not equal in quality to the sample lots,

and fears are expressed that some manufacturers, in their

endeavor to produce goods cheaply, have overshot the mark,and that they are likely to have the disagreeable experience

of heavy rejections by purchasers to contend against. Cottonwarps are still slow, and there is little doing in light-weight

satinets. Overcoatings and cloakings are in fair demand andsteady in price. Flannels and blankets quiet. Woolen andworsted dress goods are in steady duplicating request, keepingmanufacturers well employed.

Foreign Dry Goods.—An active business has been reported

this week in all leading lines. Fine woolen and worsted dress

goods in serges, Henriettas, cashmeres, whip-cords and in awide variety of fancies and high novelties have moved freely,

as have silk dress fabrics, ribbons, laces and trimmings.Linens, handkerchiefs, hosiery, gloves, &c., are all in steadydemand. The quarantine proclamation has. however, at the

close thrown importing circles into some disorder. A large

proportion of fall supplies is already forward, but importantshipments are due this month. The enforced delay in landingthose already on the way and the additional difficulty andexpense of getting others shipped introduce new and perplex-ing features into the situation. At the time of writing im-porters do not appear to have any clear idea of wliat the effect

will be on market values

.

Importations of Dry Goods.The importations of dry goods at this pirt for the week

ending Sept. 1, 1893, and since Jan. 1, anl the same facts for

the corresponding periods of last year are as follows:

2. B

- c?fc-. • O '-'to

e: : b: 5

1

B,at •

B

:

5: —

J0B9

<0

WWto

wOSMCO

s

155,014113.635118.971

80.3S2

27,891

sp

1^

18,07214.6279,161

17,6119,670

OiO

cox

wo'cooixVi'f-tai'ifct5COM>u.:o

to U< in rt>> 30

2S<oto19

000s

COOP

•4W

coos

00 to K9 OSCO — O«C0

Vbfwlub•^»»-0S05OOOXtOH'

to ce^ c-' toQOUtOlUtO

MWIOOft

•^0-11-00

U* >*> M "JPW

382 THE CHRONICLE. [Vol. LV.

State at^d City DtfAiiTM^WT.

TERMS OF SUBSCRIPTION.

Commercial and Financial CHROSICLilG con-

tains 40 to 64 pages published every week.

State and City Supplement of CHR01VICI.E con-

tains 180 pages published several times each year.

Investors' ^Supplement of CHROI^ICLE (a Cyclo-

peedia of Railroad Securities) contains 160 pages published

every other month.

Subscription to CHRONICLE for one year $10.00,

which includes every issue of both Supplements.

Tbe purpose of this State and City Departmentis to furnish our subscribers with a weekly addition to and

continuation of the State and City Supplement. In other

words, with the new facts we shall give, the amplifications

and corrections we shall publish, and the municipal laws weshall analyze in the " State and City Department." we expect

to bring down weekly the information contained in the

State and City Supplement to as near the current date as

possible. Hence if every Subscriber will note in his Supple-

ment on the page designated at the head of each item a

reference to the page where the item in the Chronicle can

be found, he will at all times possess a complete and fresh

cyclopaedia of information respecting Municipal Debts,

COMPTROLLER MYERS'SANNUAL REPORT.The report of the Comptroller of the city of New

York for the year ending August 1 1892 has heen

made public this week. It contains, as is required by

law, a full and detailed' statement of the receipts andexpenditures of the corporation during the year and an

account of the money borrowed on credit.

According to the official figures the city had to its

credit on August 1 1892 a balance of $4,445,093 49,

and of this amount $3,127,836 28 was held in the sink-

ing fund. The Eummary of the receipts and expendi-

tures is as follows

:

Balance In city Treasury August 1 1891 $1,274.282 30Beceints—From taxes 32.97(i,5-& 97From general fund 2,011,96.3 72On appropriation account 20.435 58On special antitrust accounts 4,117.655 47From loans 2tj,869,510 76

Total receipts $65,990.12150I^ot"! If67,264,403 80

Gfneral expcDBes nf Oty Government $34,511,875 10Expenditures on specml and triut accounts 31,435.271 49

Total expenditures $65,947.14659Balance In City Treasury August 11892 $1,317,25721The summary of the Sinking Funds shows that the

balance in the City Treasury on August 1 1891 was1880,226 46. The receipts for the year 1891-92 were•20,315,392 80, making a total of $21,195,619 26. Theexpenditures were $18,067,782 98, leaving a balance onAug, 1 ]892 of $3,127,836 28.

The total balance on hand to the credit of the CityTreasury and the Sinking Fund was distributed in thecity depositories as follows.

St. Xieholas Bank $50,000 OOSeaboard Nat. Bank.. 25.000 00Seventh Nat. Biink... 100,000 00Tliird failonal Bank. 50,000 00U.S. Nat. Bank 200,000 00Western Nnt. Bank... 450.000 00Continental Tr. Co 25,000 00Holland Trust Co 25,000 00Manhattan Tr. Co 375.000 00Mercantile Tr. C.i 25.000 00N Y. Heo ai.d Tr. Co. 100,000 00

_„. , . ,- -- — „....„ Washington Tr. Co. 5ii.(ioo 00Total balance August 1 1892 $4,445,093 49

The total amount of money borrowed by the cityduring the jear was, according to the report, $26,869,-640 76, and the total amount of debt redeemed was•23,547,338 00. The total bonded debt on August 11891 was $164,393,328 08, and at the end of the yearit was $167,715,630 84.

Bowery BaLkChatham Nat. Bank..Continertnl Nat. B'kCorn Excbanite B'K..Fourth National B'k

$50,000 005ii,0ci0 00

225,( 00 00350,000 00125.000 CO

Geruiania Bank '.^50,000 00Hanover Nat. B'k 150.000 00Imp. and Tr.Nat. B'k l,370,0it3 49Mar. & Fulton N. B'k. 26.000 OilMechanics' and Tr B'k lOc.oOO 00Sat. B'k of No. Anfer. 50.000 00Hatlonal Paik Bank.. 22.=>,000 00

The Colorado State D. bt and Tax Rate.—The ninth an-nual report of the Denver Chamber of Commerce and Boardof Trade has recently been published in the form of an illus-

trated pamphlot. and it contains much statistical information

useful to investors who are interested in that locality. Thefollowing special statement concerning Colorado finances,

made by State Auditor John M. Henderson under date of Jan.

4 1893, has been taken from this report.

onrsTAicDixG wakbants. asset*

1887 and prior $133,001 33] g'l.fo'n^^ ^^^f?«,1™I;

!

IRSQ nnfl Tirinr coa i-cr? fio ( Cash. 1889 and prior. . 150.344 l6 I1889and prior o20,o87 68| uncollectPd revenue.. 15.35000 1

ISQO and npinr ii <>« J Cash, ISvO and prior-. 62.842 821890anapnor *3 28J ujjgj,i,j.„jg^ ,.p^.;;^^g 35,000 00

1R91 and nrinT A'','^ R1 8 77 JCash. 1891 and prior . 6,125 031S91 and prior 455,618 7,

^ uncoUected revenue.. 546.000 001892 and prior 111.047 86 Assessment not made for 1892.

TOTAL INDEBTEDNESS OF STATE.Warrants outstanding $1,502,519 13Bonds outstanding 300.000 00Bonds in course ol delivery 300.000 00

Total State debt Jan. 4 1892 $2,102,519 13Cash iu treasury $,573,791 10Bonds not yet delivered, 300,000 00 873,79110

$738 0972,000 003.990 883.200 00 •

Net State debt Jan, 4 1892 $1,228,728 03

Since 18&.5 the Colorado State tax rate has been S4 p^r $1,000

and remains the same again this year. Of the 189"2 tax rate,

$3'36^^ will be applicable to the payment of warrants and the

balance, $1'633'3. is levied for general State purposes.

The bonded debt of Colorado was incurred for the purpose of

building the State Capitol, and the details of the securities

will be found in the State and Crry Supplkmsnt, page 131.

Melrose, Mass.—Valuation and Tax Rale.—The Assessors'

returns give the following statistics for 1892: Valuation of

real estate, $8,1.57.8.50; personal property, $405,690; total,

$8,563,540. The total valuation in 1891 was $7,;77,7io, andthe increase during the year, $785,825. The appropriations

for the present year are $123,604; State tax, $5,757; sewer tax,

$646; county tax, $6,438; total tax, $136,437; tax rate, $1580per $1,000.

During the last ten years Melrose has more that doubled in

population. The assessors give the number of inhabitants as

9,535, which is 3,465 less than the requisite number for becom-

ing a city.

Virginia State '"ebt.—Secretary G-. S. Ellis of the Bond-

holders' Committee has given notice that the books of the

Planters' National Bank, the Richmond dt>p)sitory for re-

ceiving securities of the State of Virginia under the agrea-

ment of May 13 1890, the plan and proposition of November38 1890, and the settlement effected thereunder, would be

closed on September 1 1893, and that no more of the secur-

ities will be received by the committee.

Val nation of Arkansas Railroad Property—The State

Board of Railroad Commissioners have finished their workand have issued a comparative statement showing the mileage

and valuation of the railroads in the State for the years 1891

and 1893. The grand totals show that in 1891 there were2,315'37 miles of r,Tilway in Arkansas, valued for taxation at

$18,413,640. In 1892 the mileage increased only 28-17 miles,

while the valu>>tion for taxation is fixed at $18,785,386, an in'

crease of $371,646.

New Orleans—Thirty-fonrth Distribation of Premiumson Bonds.—According to the requirements of the New Orleans

premium bond plan, 10,500 of the premium bonds were called

for payment on July 15, and on that date 1,176 bonds were

drawn by lot from those which were payable to receive pre-

miums as follows

:

SEMI-ANNUAL PREMICM8,100 premiums of $50.... $5,000

1,000 do 20.... 20,000

1,176 premiums $50,000

1 premium of $5,000 $5,0005 do 1,000 5,000

20 do .500 10,00050 do 100 5,000

The list of bonds drawn for premiums has been sent to the

Chronicle by the New Orleans Board of Liquidation, and wepublish the same in full below.

$5,000 Premium.—The one premium of $5,000 was awarded

to the bond numbered 767,096.

$1,000 Premiums.-The five premiums of $1,000 each were

awarded to the bonds bearing the following numbers :

29,751 179,8*3 368,!01. 580,494 7eS,7a6

$50i) Premiums.—The twenty premiums of $500 each were

drawn by the following bonds ;

64 728 73 045428.7.11 449,H!)1SlQ.aSO 8 jB,312

79,90545ll,«98

8; 1,307

124,037489.308832.686

155,289614,569

261,5188,-^5,36»

2(12,.1S4

659.331891.86J7a7,07»

$100 Premiums.—Theawarded as follows :

fifty premiums of $100 each were

SlPTKMBER 8, 1893.] THE CHRONICLE. ZbS

».7»7l«»,7IHWW.T'JI

86<I..SiHI

«eu,M7

30.101)171' h:M;l<.H.7ii(»

4S1I, 51)

lllSl.lll

H7l.;(7UI'St'.M 8

38.381

81I8,7UUM3.37.^M7.8909U4.fi74

70 «M887.714

<U8.n7»809,8Wl>16,76«

07,809W7,8M««8.7MSM,S»t

MO.liS

07.8M lll.«<7 111,1)07

8»7.87» SOl.OSi 801.008tS0.8M 471.17S «7<,a'Vl8M.11iS ata.tta 8ft0.820817.07V 817,068 em.TM073,461 07i,40< 080.808

|50 Preinium8.—The one hundred premiums of |50 each

were awarded to the bonds haviiiK tlie following numbera :

30,11130.41)9I4.8ISM.749«0.I.H580.238e7.n"7

II 1,11 l:l

U •.!-•)

ISl.'if.l

I-J1."11l.'>:l.:. s :..:. ^s,)

103,0« 3311.010

iii;i.ii70

m.'i.i'HO-'3 1.^18...I..Mi!

2.-.i,r.:.o

•,'.'.l..,-8

xiV-'.,'.:.8

117; .I-.'.'?

MS'.iIrt: ::. -^M

311.007311.0113(W.707S7«.6«ll: 8(1,033^01 ,SW1400.31840'>,3&S420,308480.!<14480.3.^0480,3IIS4e:t.031

403,&ie403.678403.809604.1170604.642C0I.610818,213814,637630,187664,480887,331867,303680,W1

600,605718,701718,7U-J7-J»,207728,219731,213711,321711,38775^.025768,872782,788703,207787.000

767,079809,260817,081826,064836.730846,160816.161b4«,72l816.777819.203873.923873,0J9

873,078871.Mt874,364874.388^88,el6882.640804,608004.613004,628020,186020,188

M2,278068,r,olOfi8.r>i2•02.HI';)

062.M1I062.871)076.121)076,183080,818006,IM886,183

120 Premium?.—The premiums of |30 each to the numberof one thousand were drawn by the following bonds :

29.702211.7 IS20,72120.73520.737«0,?3»2l',76820.77120,77089.78120.78528.70488.788•O.lOfl80.11380,4j780.44480 44680,16180.46680.46880,18080.4O480.40688.80288.31738.32688,320S8,3l088,34888 36038.37488.37888,38188.38788.30041.80741.86041.8'<244.5.7141/18844.88741,88844.89781.70884.71181,7i2M.7ta64.787fi4.7i284.768«1,7S564,70880.42180.43289.11008.46080,46780.47068,4.8«0.1S689 4'-8

73,00278.00573.00873.08878.04073.06473.07073.'>8179.92170,01879,05870,90186.*r283.212811.21580,2358»J83<IS6..8081,252«6.25686.2')580,27786.29007.62607,62687,e3I07,812A7.60I07.662»7,68;«7.7'l0

111,621lll..-n111.631lll.«:J9111 d.'.o

lllB.!Ul.i)55111,600Ul,6<'2Ul.681116.106llS.Ul116.113116.118UB.119116.432115,137116,1.911 .i.W115,17.1lli.l'<2115.18-,

U5.18811-J.l-O116.103U7.S06U7,3ii7117,309U7.310117.331117.3 8117,339

117,318117,: al2

n7,:i:.-.

ll.-,:.S)

li;,;;sj121.005i:i.'N»i121. »:.'>

121.1127121.UM121.1135121.03B121.057121.072121.073121.08

1

121.0061211,702139.70612.'.707129,720129,734120,712129.761120.762120.771120.788120,7r0120,790129.704153,628163.674163.584153.600155.214155.221155,225155,2381:.5.2.<1

15;..277

156.284156.209178310179.811170.867178.8:2170.878170.881179.898103,911103,02719S,868108,878188,886103,069210,704210.738210.717210.763210.751210,767210.772210.773310,775210,780210,781210.788210.787210 791210.707210.7992:U.2"72>1.2,82)12132il.2112.a 218211.2182.1 2-15

2J1 3702^1,2S52 1.2^7211 .'.2J

2.">15)l251..i61251,578251,591282.,ilO2'12...15

2l:-.5o2- « ;.50O2<.2.Mi5202.505262.590264,624i;64.634

241.6542 H.OtifJ

2'U...702'U,'i77

201.08226e,600266.5.3366.83828i>,660

266.565286.570266 372•268,5-72 (I 592273.110327:i,r.c,|

27:i..W.)

-71,07.1•-"7,711)

'."7. 7212M7,7:i52.'7,7:t7

2-*7.710•287 7112-(7,7.>l

287.773287.7,-i0

2')7,702

287.790•297.807

•297,8.3297 816287,818207,803207.806297,874297,878301,004801,1)28301,028301.033801,010301.003301.065801.0:8301,08)301,004301,0053-J1.0U8318.908318.0123818.}38318,948318,970318,868318,081318.007328.801338.804828,8148Sb,827828.856328.870328.873328.882328.883335.808335.814335.816336.318835.818336324335336336338336310836,86433o379338.806338.926339.928339,9<28839.038330,910339,914330,05233.),O01339.079330.991330.936339,899311.018311.0^7311.066311,0003U,076841.098368.702368.7038<!8.722308,724.3(18 731308.743SB8.718368.753388,71-3368,780372,515312.618372,519372.576372.597382.2283.82..37:t82,313382.217382.21)1:i8 i.'ioa

MD.rtitf388.11203811.1)21

ItSfl.rSl

386,038386.637386.638386,656381,671388,080388,681384,6113301,302381,306301,3173913 ;43413613J1,370391.306391397100.306400.307100.3164110.320100 33110II.361

400,3.6421,701421,700121.768121.768138.712128.730128.731128.736438,737428.7101-28 763

428.78742.).319420.332120.337420.311129,316I29.3l8429,351428.35742».372420.378429.390429 391429.3964l3,iill413,016143,0-28113 036113,038113,059413,065413,073418,086443,081448301148.306449.3C0418.312119.320419.321419.311140.351110.358149.363449.865448376419.381149.307450.822150,8'27

460.830150818450.869450,896466.603468,848466,66346A,l'82

171.102171,128171.141471.142471.165471.166171,180471.107172.201472,213472.211472,232172.-23a473.213172.-218172.2.53472.269472.270472.287472.292189.325189.3:-3189,375189.388489.391489 399402.001402.011492.0-0492.02810'2,020492.01!192,05111)2.1)53

492.007402,000403,6118103,520193.530193.510103,5124'.)3,532

41'3., 61103,562193,563493 564493.58740-3,570403,576403.588403.593493.501197.812497.917497,024407.025497,932407,938497,986497.870407.1«a497,9v2487,998197.099499 5174 9.528188,636499,666499.500499 66349 .687633.013631,019633,0S'<633.067833.079633,099

843.302813,3036t'<,305643,311613,322813,330613,332643,339643,368618,378666,2046 8,217686,-223666,228666,247656.218656,261168.281686.21)4665.208660 402660.403660,110680,415880,423680,438660,445660.446880,400660,1666110.467600.478680.186660,191560,493601.310591.311601.328691,339691,352601,370501,372591,374694,380694,38481H.501601,606604.&O8601.5128ol,&13601,525801,618601,667601,574601,579001,696601,603604,605604.606604 636601,639601,646601.661604.601612.301612.207612 211612.217612 231612.-253(12.256813,-263612,283013 395611 618614.634614,5-28614.535611,512611,519611.C63611,566611,573611.585611,590630.111630.113630,1.-3630,133630.135630,139OJO.UO630.117630,152630,1586J0,lt2630.1741.30 178630.183618.815618:630018.631648,0366»8,' 58tH8,871818.673818,679818,700655.303855.313666.323655.329666.337888.348868.348866.360866 361666.368666,394069330869,247868,251869,2628693IS8869377

859,3936893948683»7880,318869.338869,344689,347689.381889367860.388660369669,380659.361669,376660,303664,113661136664130681,433684.440884.443884.460867313667316887.221687.325887,210667 316667.248667.260687.200667,819667,322667,328867.332667.331667,336607,383667,381667.388667,389867,306667,399669,608689324680,625669,536689,.530609.510609,577669.688669,696706,708706.713706.718706.743706,7«706,763708.765708.789706.776706,788706.790706.796718.706718.712718.716718.727718.728718,731718 758718.761718,773718,796728,221728.223728.261738.260728,271728.291738.394728.297731303731.211731.2117:d231731,227731.219731.231731.284731.289731.295739.515739.511739,512739,515739,547739.667739,863730 5847893867U302741,3337.1.339711.352711.3807<1,308741,303758.617768.822768.829758.630768.834758.860768,661758.682768'668758,681760,803769,608759,604769,6U789 818769,626769,844

789.651769.665789,688760.670789.663769.686789.686789,889789 806789.898769.700768.708782,712762,715762,716762,721763.7.'8762,731762,r37762,750782,778762.788783.788763,203763,30876»,208763,219763,221763,212763,249763.250763 254783.269763,271783.292763,297767,005707.006767.011767.923767.038767.038767,030797.090767,003800,201809.210809 230809,232809.233809,235809,-287809 268809 371809.280809,281809,283809,398809,297817,907817,830817,9-28817.962817,967817,959817.961817.962817.963817.973823.725823,738823.737t>'23,73a8-23.756

823.757823.76-J823.7a8823,770833 791833,702833.794825,009835,023825.025825.033825.06582S.097835.703835,736835.738835.715836,7198 5.7608!5.7828J5.786835,783816.432816,440816.466(•45,157816,166815182816,702816.706816.712816.7U8|i).783

816.767816.783840,'233819,232819.271819,291868.301868336866360886.368868.282856.t92856.286866,299873,911873,817873,919873,929

873.931873.0; 18

873.1110873 070873,979871,303874 3.15

871,3-21

874,355871,368871,376871.392882,IK)2882.601882.H05882,(120883,023883,028882.031882.61088-2.013882,662883.607882.876862 U8I001.5389(M.511901.511901.551901.5.39904,560901,570901.000915.713915.760915.771915,783915.789015.791916,792920.100920,129820,139020.112820,150920,155820,1(10920,161920,167930,198942.303942,205942,216942,318842,2^20912,238942.229942 210912.311912,213942.215912 256912,258912 201913,277912.270913,290012.298058,603958,535938.538968,530938.514958,56205^.57195-,579058.587968.590062.-01962,815962.8:)3963.-31962,818062,861082 807962.808963.8o0062.895973,411972.115972,131873.155872103972161)973.178973.lt972.4S1072,111972,193075,101975,128076,i:)ll

9751311976.453975.1,->3

976,19(1980,807080.813080,810060.A31880.83.1980.8299O0.8S7960.652960.8588?0 881960.873060.871080.0009116.1IN)996,ll!:l

996.132906.16..996 172986,196

The series numbers of the bonds called for payment on July

1 15 were published in the Chboniclb of April 80, volume 54,

page 784. For explanation of the premium bond plan see toI-

ume 08, page 948.

Bond Proposals and .Vogotiattonii.--We have re-

ceived through the week the following notices of bonds

recently negotiated and bonds offered and to be offered for

sale.

Adrian, Mich.—The citizens of Adrian have voted to i^sue

bonds for the purpose of purchasing the local water works. >fo

definite action has as yet been taken by the Common Council,and the amount and rate of interest are not reported. Thetotal assessed valuation of Adrian in 1891 was |3,953,780 andthe tax rate per $1,000 was |30 40. The city has no debt ofany description.

Boston, Mass.—(Statk and City Supplement, page 21.)—City Treasurer Alfred T. Turner writes us that an issue ofbonds to the amount of $200,000 for a new insane hospital hasbeen ordered by the Common Council, but it has not jet beendecided when the loan will be offered for sale. The bondswill bear interest at the rate of 4 per cent per annum andmatuie July 1 1912.

Brooklyn, N. Y.—(State and City SappLBMENT, page 44).—Comptroller Jackson will receive sealed propo.sals uniil Tues-day, September 13 1893, for the purchase of the whole or anypart of the following loans :

J200,000 of S}{ per cent Permanent Water Loan Bonds, reg-istered, payable January 1 1911.

$200,000 of 3% per cent School Building Bonds, registered ;

$100,000 payable January 1 1918 and $100,000 payable January1 1919.

$200,000 of 31^ per cent Twenty-sixth and adjacent wardsSewer Bonds, registered ; $100,000 payable January 1 1915 and$100,000 payable January 1 1916.

All of the above bonds are exempt from taxation by theCity of Brooklyn and County of Kings except for State" pur-poses. Interest payable January and July of each year.

The total assessed valuation of Brook Ivn's real estate this yearis $467,607,395, and that of personal properly $16,615,947. Thereal esiate shows an increase of $18,804,935 over 1891 and thepersonal property a decrease of $1,485,833, making the net in-

crease $17,319,093. The reduction in the assessed valuation ofthe property of the elevated railroad companies was nearly$5,000,000, and the city has taken property worth nearly$1,000,000 for the Bridge extension. The valuation of per-sonal propertv has steadily declined for several years. Fiveyears ago it was $33,000,000.

Buffalo, N. Y.—(State and City Suppleme.vt, page 45.)—The Common Council has ordered that $100,000 of waterbonds be issued to refund the 7 per cents falling due in Octo-ber of this year.

CharlottesTille, Va.—(State and City Supplement, page148.)—The people of Charlottesville will vote at the cominggeneral election in November on the proposition of issuing$135,(X)0 of city bonds. Of this amount it is proposed to issue$80,000 for sewer purpose?, $25,000 for school purposes and$30,000 for street improvement purposes. The bonds will all

bear interest at the rate of 5 per cent per annum and will be-come due 30 years from date of issue.

Cincinnati, Ohio.—(State and City Supplement, page77.)—On August 37 the following bids were received by CityAuditor D. W. Brown for additional paving bonds to theamount of $4-50,000.

Bid.I

BUI.8. Kuhn &Son9 $131,1'25 1 Atlas National Bauk $451,030Wcatern German Back.. 431,111 I Citizeus' National Bauk,. 453,960German National Bauk. . 451,010

|

The bonds are of the denominations of $500, dated June 1

1893, redeemable on or after June 1 1903, and paya'jle June1 1913. They bear interest at the rate of 4 per cent, payablesemi-annually at the American Exchange National Bank ofNew York City.

Cleveland, 0.—(State and City Supplement, page 78).—Bids will be received by the City Auditor until September 19for the purchase of bridge repair bonds of the city of Cleve-land to the amount of $lfi,000. The loan will be composed ofcoupon bonds of the denominations of $1,000 each and willbear interest at the rate of 6 per cent per annum, payablesemi-annually.

College Hill, 0.— Village Clerk F. R. Strong writes theChronicle that the $13,000 of side-walk bonds recently ad-vertised for sale were awardeil to the Wtstern German Bankof that place for a total premium of $15.The bonds are in denominations of $500 eac'^ dated Sept.

1 1893 and payaljle Sept. 1 1913. They bear interest at therate of 5 per cent per annum, payable seiui-annually.

Ciimberiand, Md.—(State and City Supplement, page 73

)

—The special election held in Cumherland on August 39 tovote on the question of issuing $100,000 in bonds to Increase thewater supply of the city resulted in the defeat of the propositionby a majority of 336 votes. A special disi>atch from that citj-

to the Baltimore Sun reads as follows : " The prevailing senti-ment in favor of a reservoir instead of a direct pumping sys-tem ia largely responsible for the defeat of the measure.Many of the voters declared themselves opposed to authoriz-

381 THE chkonu;lf. [Vol. lv.

ing the expenditure until the people were informed of the

manner in which the money was to be expended. The proba-

bilities now are that another election will be held at an early

day, and that an appropriation sufficiently lara;e to cover the

expense of builJiag a reservoir will be askeJ for. The situa-

tion regarding the present water supply is too embarrassiug

to remain unsettled, and some means must be employed to

supply more water."

Douilas Co., Neb.—(State and City Supplement, pa»;e

118).—We are oflBcially informed that this county will issue

road bonds to the amount of $130,000 and $500,000 < f railroad-

aid bonds. The present debt of the county is $546,000 ; total

assessed valuation, §25,739,851 ; tax rate (per $1,000), $33-95.

Dninth, Minn.—(State and CitySupplement, page 103.)

The Secretary of the Duluth Board of Education, Mr. A. Le-

Eicheux, writes us tbat the matter of iseuing $100,000 of 5 per

cent 80- year bonds which were recently voted is now in the

hands of a fpecial committee, who will report at a future

meeting of the Board.

Fort Wayne, Ind.—(State and City Supplement page 88.)

—On September 7 1893 funding bonds to the amount of

$84,000 will be sold at auction by the Common Council.

These bonds are ifsued in denominations of $4,000 each,

bearing 5 per cent interest, payable semi-annually at the

Hamilton National Bank, of Fort Wayne, Ind.

Bonds mature as follow s: One on the 15th day of Sei'te.nber,

1898 and one on each succeeding year for five years thereafter.

GaineSTille, Fla.- An election will soon be held in Gaines-

ville to vote on the question of issuing $13,000 of improvementbonds.

Qlendale, Ohio.—Proposals will be received by Village

Clerk Lewis Shillito until the 38th of .September 1893 for thepurchase of seventy water bonds of Glendale, being datedSeptember 1 1892 and payable in thirty years from date.

Each bond will be for the sum of five hundred dollars, andbear interest at the rate of five per cent (5 per cent) perannum, payable semi-annually.

Gloaeester, Moss.^State and City StrpPLEMENT, page 34.)

—The following notice of the bond sale this week has been•ent to the Chboniclb by City Treasurer Edward DoUiver :

" The city of Gloucester $.50,000 highway improvement 10-year 4 per cent loan was awarded to the Gloucester Safe De-posit & Trust Company at lOl 75. The other bids were asfollows: Brewster, Cobb & Estabrook, 101 '56; EquitableMortgage Company, 101-27; Blake Bros. & Co., 100-91; E. H.Rollins & Co., lOD-81; Lamprecht Bros. & Co., 1007616; B. C.Jones, 100-70; Spencer Trask & Co., lOO-liS; R. L. Day & Co.100-53; Gay & Stanwood, 100-514; Third National Bank, 100 39;Cape Ann National Bank, 100-10."

Graresend, N. Y.—Proposals will be received by SupervisorJohn Y. McKane at the Town Hall otGraveseud on Thursday,September 8 1893, for the purchase of $30,000 bonds of thetown of Gravesend, 5 per cent liX!al improvement loan, pay-able forty years from the first interest day following the dateof the bonds. These bonds are issued in pui-suance of Chap-ter 118 of the Laws of 1893.

Hagerstown, Md.—(State and City StrpPLEMENT, page 74.)—Improvement bonds of this city to the amount of $7,000will soon be offered for sale.

Kern and Tulare Irrigation District, Cal.— Bids will bereceived by the directors of the Kern and Tulare Irrig.itionDistrict until September 6 for the purchase of $700,000 of 6 percent bonds. The-e bonds will be of the denominations of $-500each, and it is stated that they will not be sold for less than 90per cent of their par value.

Kissimmee, Fla.—It is reported that the citizens of Ki^sim-mee will vote on the proposition of issuing improvement bondsto the amount of $10,000.

Madisouville, 0.—Bids will be received until Sept. 17 1893by Bennett Carter, Village Clerk, for the purchase of sewerbonds of Madisonville, Ohio, amounting to tbree thousand fourhundred and fifty dollars. These bonds will bear date Sept.13 1893 and will be payable one year after date, with 6 percent interest, at the Fourth National Bank, of Cincinnati,Ohio.

Vewbiirg, N. Y.

—

(State and City Supplement, page 50.)-The following list of bids received for $18,000 of 4 per centrefunding water bonds maturing September 1 1913 has beensent to the Chronicle by City Clerk D. J. Conant.

NEW LOANS.

SALT LAKE CITY, UTAH.

$250,0005 PER CENT

Public Improvement Bonds,Redeemable after July 1, IBO'i, and Pay-

able Jnly 1, igi2.INTEREST payable JANUARY AND JULY.

COUPON BONDS OF »1,000 EACH.PAYABLE IN NEW YORK.

Real ralne taxable property .¥8.5,000,000Asaes'd value taxable property 31,0'.J8,030Total indf'btednesi*,Incld'K tblslasue..SI,300,000

Less water debt (in-

cluded 313,648

Net debt 063,33'^Population (1890) 3*^732.

From the above statement It will be observed thatthe net debt of the city Is less than 2 per cent of theusessed valuation, and by act of Congress approvedJnly SO, 1888, the Indebtedness U at aU times Umitcato * per cent of the assessed valuation.The city owns water works valued at tl.600,(»!',

which furnish a net Income of KSO.OOO per annum.The lesalliy ofthe Issue bus been approved

hy our couosel, and we recotnniend thebonds as a desirable Investoieut. PRICE103 ASD INTERKst, at which they yieldthe Investor 4H per cent.

BLAIR & CO.,88 XrALL ST., NEW VORK CITY.

CITY BONDSAMD

OTHER APPROYID SECURITIES

FOR INVESTORS

FOR 8ALB BY

FISHER & SHAW,INVESTMENT BANKERS,

4 South GalTert Street,

BALTinORE, nARTLAND.

NEW LOANS.

INVESTMENT BONDS

FOR SALE.

LISTS ON APPLICATION.

members ofthe New York and Boston Stoik

Excbaaies.

DEALERS IN

COMMERCIAL. PAPER.

Blake Brothers & Co.,

28 STATE STREET, BOSTON.

S NASSAU STREET, NEW YORK.

NEW LOAN.

$65,000

SPRINGFIELD, MO.,5 peroentSchool District Bonds,DUE 191i. OPTIONAL AFTER 190!J

PRINCIPAL AND INTEREST PAYABLE IN N. T.Assessed valnntlon <7,149,61«iTotal debt (less thnnl l-Spr.ct.) 104,000Population certined April, 189-2. 24,000

D^£'ta'^'»P,°i^''"V/ *'l»«>'J'-l f Imlts Municipalueois to a per cent of Assessed Valuation.

FOR SALE BY

Geo. A. Fernald & Co.,80 Wator St., Cor. Devonshtre.

BOSTON, nASS.

NEW LOANS.

N. W. Harris & Co.,

BANKERS.

CHICAGO, NEW YORK,

OFFER

Minneapolis, •

Cleyelan'', -

Topeka, Kan.,

Gage Co , Neb., •

Omali?, Neb.,

AsLlaud, Wig., •

Aurora 111., -

Decatur, 111 , -

Knoxville, T< nn., •

Lawrence Co., 0.,

Stirk Co., 0., •

Menominee, Mich.,

Slielbjr Co., Mo.,

Frankfort, Ky , -

BOSTON,

80 year 4s.

10 year 43^s.

SOyear 58.

20-year 5s.

20 year 5s.

20year 5s.

20 year 5s.

10 20-year 5?.

30-year 5-".

13-year o".

8year 5s.

8 year Cs.

Syriar os.

20-year (is.

<8i^A AnnP-*8SAlCC(>UNTY(N.J.)K0AD^•JUtUUUbouds for sale, dated Auk. I,18»2, payable Aiir. 1, 1895. iutcrest .5 per ceut,pajable 6eiiii-aiiniiall.v : denoniinatiou, $1,000eaeh. Staled bids will be received for all orauy part ofthe above iesue with aceruid iuttr-e8t at tbe Court House, Paterson. N. J , Sept. 2,10 A. M. Assessed valuation of Passaic County1892. *14,000,(JOO; preseut debt. *5t>(!,000,lDcludli'>f temporary loans in anticipation oftaxea. Further lnfoiuiiiti<in will be suppliedou application. No coudilioual bids will b«received. The tiicht is reserved to reject anyor all bids, if deemed for tbe interest of tb*county so to do.

W.M. NELSON, Clerk of the Board.Patebson, N. J., Aug. 18, 1692.

Wm. Fisher & Sons,BANKE118 AND BROKERS.

23 Soath »(lreet,

u .1 1. T I m o li E', ji n

Seftembrr 8, 1893.] THE (CHRONICLE. 386

Bid. Bid.nnnlol A. Mornti ACo 108-43lanuo W. Sborrlll 10917N»wl)ur(f 9«vlnKS Ban* lOHOO

Edwniil i: JoufH A Co 107'»6

W. J. nByesAsSvin? 105-42

The loan was awarded to the last-named party.

New Whntponi, Wash.—Binds of New Whatcom fo ilio

amount of j.")!!, 01 have been sold to the PuRet Sound Loan,

Trust & BaukinK Compnny of WUalcom, Wash, The com-

pany paid a premium of $«50 for the loan,

Norwood, Ohio.—Bida will be received by Village Clerk W.E. Wichirar until Sept. 29 1893 for the purchase of ten street

itnprovcmont bonds of Norwood, Oliio. These bonds will I*

dated Sept. 25 1893 and payable in 1, 3, 8, 4, !i, 6, 7, 8, 9 and 10

years respectivoly. Each bond wdl be for the sum of ?88S 0!)

(or less if pmt of the a^esjmont in anticipation of which they

are issued is paid in cash), with Interest at the rate of bix per

cent per annum.Oxford, N. C—In order to subscribe for a portion of the

capital stock of the Oxford Coast Line Railroad Co., it is re-

ported that the town of Oxford will issue bonds to the

amount of $20,000.

Paterson, N. J.—(Statb and City StJPPLEMENT, page 81.)—

In answer to our inquiry concerning the report that Paterson

would isfcue bonds to the amount of $65,000, Treasurer Bald-

win writes ttat no bonds will be issued by the city for the

present.

Quincy, Mass.—{State and City Sopplkment, page 29.)—

^t a moeiing of the Quincy City Council held this week, iin

order to channe the date of re-issuing the water bonds fromDecember 1 1 > September 1 was dtfeated. The amount of the

loan is $35,000,

Radford, Va.—An election held recently in Radford re-

sulted in favor of issuing improvement bonds to the amountof $100,000.

Rocltester, N. Y.—(State and City Supplement, page 58.)

A telegram from Rochester states that City Treasurer Williams

will sell at public auction on S.pt. 13 $1,000,000 50-year 3»^

per cent bonds for the purpose of furnishing additional water

supply to the city, the city reserving the privilege of paying

any and all of the bonds at any time after the expiration of

90 years from date of issue. No bid of leas than par will b*accepted.

South Denver School District, No. 7, Colorado.—Theofficers of this district have been advertii^inK for bid^ on a$13,000 issun of bonds. Offers were to l>e reoiivcd until Sep-tember 1. The award has not yet t)een announced.

SiifToll', Vfl.—This city will iiisue scbr.ol buUding lionds tothe amo'int of $8,010.

Wyoming, 0.—Bids will be received until September 19

1802 by W. A. Clark, clerk of the village of Wyoming, Ohio,

for the purchase of the following described bonds :

10 bonis, e.i<"l> for $16-50 1 10 bondii, e.icb for tiS-tl10 bou(l8, enoU tor 18*28 lObondf, eaob for 180-2010 bouils, Kuoh fur 35-24

|

The bonds will be dated Sept. 1 1893 and one of each denomi-nation will be payable in one, two, three, four, five, six,

seven, eight, nine and ten years reapectividy. Thoy will bear

interest at the rate of 6 per cent, payable annually, and are

issued in anticipation of the collection of asse-isments. Theamount of each of said bonds may be reduced becaut'e of thepayment of assessments in full within thirty days.

STATE AND CITY DEBT CHANGES.We subjoin reports as to municipal debts received since the

last publication of our State and City Stn'PLEYiENT.

Some of these reports are wholly new and others cover items

of information additional to those given in the Scpple)CB5T,

and of interest to investors.

||New York—Kings County.—{State and City Supplkmekt,

page 48.)—The following statement of the financial condition

of Kings County has been corrected to date by means of the

County Treasurer's annual report recently issued. Mr. H. H.

Adams is County Treasurer.

Kings County includes the city of Brooklyn, which covers

most of the county's area,

f^" See next pa^e for continuation ol debt ctaanges.

NEW LOANS.

$200,0006 PER CENT GOLD

Portland, Oregon, Consol-

idated Street Ry. Co.Pint Mortgage Sinking Fund Bonds.dated JCLY 1ST, 1882. DUE JULY 19T, 1922.

Redeemable after Julj Ist, 1902 at 105.Redeemable after July 1st, 1912 at par.

Interest payable semi-annually In Now York.

Send for circular glTiug full description and price.

E. H. Rollins & Sons,36 WALL STREET, NEW YOKK,

CONCORD, N. H.

S30,000Lehigh Valley R'y Co.,

OF XEW YORK,l8t Mortgage 4 1-2 Per Centtiold Bonds.

DUE JULY, 1940.Frlndpal and Interest Guaranteed by the Lehlgb

Valley RR. on each Bond.PRICE AND DATA ON APPLICATION.

C. H. WHITE & CO.,

NEW LOANS.

NEW LOAN.875,000

City of Sandusky, Ohio,DOCK IMPROVEMENT 5«.

Price and Particniars on application.

FARSON, LEACH & CO.,

93&74 B'way.MEW YORK,

.llerchanla' Nat. Bk. BdcTA«OMA, WASH.

Mortgage LoansIN

TEXAS.MO COMMISSIONS charged borrower or lender notll

loans hare proven good.

FRANCIS SniTII & CO.,SA!* ANTONIO. TEXA8.

Lamprecht Bros. & Co.,BANKERS.

MUNICIPAL BONDS.Cleveland, Oblo, Perry-Payne B'ld's

Boetnn, .TlaiiK., At State Street.

New York, II Wall Street.

THE WALL STREET JOURNAL.An Inralnable Bnanclal daily ; »S a year. Sample oou/free. DOW, J0NK8 A CO.. i^bllahera. 41 Broad Si

CHICAGO.113 Dearborn Street.

NEW YORK,'i Wall Street.

THELewis Investment Co.,

DE8 MOINES, IOWA.CAPITAL Paid Dp, - »l50,ooo.

Choice InTeatmenle in the moat Conaerva-

tlve Field in the West.

CHICAGO.

Union National Bank,CHICAGO.

Paid-np Capital.Snrplasy -

$3,ooo,ooa7oo,ooa

A reffular Banking Business Transacted. Aooonnt»of Banks and Bankers, Mercantlleand MannfacturlnfFirms or Corporations, received on favorable terms.ForelKn Exchanse Bou^bt and Sold. Commercialand Travelers' Credits, available in all parts of theglobe. Issued. Telegraphic Transfers made with all

Srlncipal European and Domestic Polnta. Unitedtates and other tlrst-claas Investment Bonds dealt^

COBRBSPONDBNCE SOLICITED.

ST. LOUIS.

dAMl, A.. OATIiOBD, JHO. H. BLISSINS.

SIX PER GENTGuaranteed First Mort-gages on Improved lands

n Iowa and Eastern Nebraska. 8afe and Desirable.

AIV n^D PCUT I^^^^ii^Q''® Bonds, secur-

olA r Cn vCrl I ed by deposit of First

Mortgage Loans with an Eastern trustee. Fifteen7ZAR8' SUCCESSFUL KXPERIINCC SEND FOR PAM-PHLET.

W. A. HOTCHKISS, GEO. H. LEWIS,Act'g Secretary. President.

FAIRHAVEN,"BELL.INGUAN BAY,

THE FUTURE METR0P0IJ8 OF PUGET SOUND.

Is destined to be the great Manufacturing and Com-mercial Center because tt has

The Largest and Safest Ilarboron the Paciffc Coast.

The Greatest Area of adjacent Agricultural Land.

The most Magnificent Forests of Timber In the world.

The finest Natural Town Site and Water Front.

Immense Veins of the Best Cual In the West whichproduces a coke equal to Pennsylvania. Iron. Silver-

lead, Gold and other ores. Extensive Quarries of

Blue Sandstone for building purposes. Valuable In-

formation can be had of

TUB FAIRHAVEN LAND COMPANY,FAIRHATEN,

WASHINGTON.

Gaylord, Blessing & Co.,BANKERS AND BKOKBR8,

ST. LOVIS.WBBTKON BBCnRITIES AMD

HIGH QRADE MUNICIPAL BONDSA SPECIALTY.

Geo. M. Huston & Co.BOND AND STOCK DEALERS

We buy and sell ontriKht all WoBtemMunicipal Bonds and Stoclis. Wecheeifuiiy furnish full and reliable in-fomiatidn concerning any Western se-curity wilhuut charKe. A'onthly quo-tation circular mailed to ail appiicantf

,

New Issuva of muutcipal bonds wautwi.

305 PINK STREET, ST. LOUIS, AIO.

G. R. Voss,

Commercial Paper,Bonds, Btooka and InTestment SMurltles.

608 riRST NATIONAL BANK BUILOINO,

Omaha, Nebraska.

W.J.

Hayes & Sons,BANKERS,

Dealers in MUNICIPAL BONDS.Btr««t Railway BoQda and other high grade In-

Testmentfl.

143 8»p«rl«r^8t.^^ ^q ^^j^j^ STREET,7 Esckanse Placr. Ji£>y YORK.

Uontoiia

Cable AddireM. "KKNNSTH."

386 THE CHRONICLE. [Vol. LV,

LOANS— —Jnteresl.—

.

WAME AND PURPOSE. Rate. Payable.

Oountj- farm loan 4 M&N-Principal

dodododododo

do

do

do

dodo

dodododododo

do

do

do

dodo

M&NM&NM&NM&N

SJa M & N

SJfl M & N31a3

M&NM&NHall of Records loan 4 M&N

do dodo dodo do

New jail loan...Eefunding

dododododododododododododododododododo

State tax loan..

.1892.

.1892.

444544444444444444443>93334

M&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&NM&N

M&NM&NCertificates of Indebtedness :—

Armory (13tU regiment).. 4 M&Ndo do .. 4 M & Ndo do .. 4 M & Ndo do .. 4 M & Ndo do .. 4 M & N

Armory (14th Regt.) 1892. 353 M&Ndo 1892. 312 M & N

When Dde.

May, 1899May, 1905May, 1906May, 1907May. 1908

19091910

5 1911 to .1913($119,000 yearly(May 1901 to '05

\ $100,000 yearly5 1902 to 1906\ $100,000 yearlyMav, 1914May, 1900

5Mav,1893to '98

( $19,000 yearlyMay. 1899May, 1900May, 1901May, 1893Mav, 1893May, 1894May, 1895May, 1896May, 1897May, 1898May, 1900May, 1901May, 1902May, 1903May, 1905May, 1906May, 1907May, 1908May, 1909May, 1910May, 1918

19021903

May, 1915May, 1904

Nov. 1, 1892Nov. 1, 1894May 1, 1895May 1, 1897May 1, 1899May 1, 1894May 1, 1896

OiUsiand'g.

$150,00032,00032,000

119,000119,000"ir,,00015,000

357,000

500,000

500,000

100,000200,000

114,000

28,00054,00054,00045,000150,000220,000219,000218.500132,500132,500121,000121,000119,000119,00087,00087,000

100,000100,000104,000104,000130,000121,500121,500180,000119,000

50,00050,00060,00060,00060,00050,00050,000

LOANS— '

—

Interest.—. . Principal. ,

NAME AND PURPOSE. Rate. Payable. TVhen Due. Oulsland'g.Armory (32d Regiment) . . 4 July 1, 1893 $6,000

do do ... 4 July 1, 1894 6,000do do enlarge'nt 4 July 1, 1893 15,714do do do 4 July 1, 1894 15,714do do do 4 July 1, 1895 15,716

CourtHo.&HaUof Reo'rds 4 July 1, 1893 12,000do do do 4 July 1. 1894 12,000do do do 4 July 1, 1895 13,^00

Supplies dent, of charities 3^3 M&N May 1, 1893 50,000do do do 313 M & N May 1, 1894 50,000

INTEREST—WHERE PAYABLE.—Coupons are paid hy the Merch-ants' National Bank of Brooklyn; registered interest at the office ofthe County Treasurer, Brooklyn.

TOTAL DEBT, Etc.—The subjoined statement shows the total dehtof Kings County on the first of August, 1892, 1891 and 1890.

^ 1892. 1891. 1890.Total funded debt $5,240,500 $5,342,000 $4,047,500Certifloates of indebtedness... 576,144 632,902 452,572

Total debt on August 1. . . . $5,816,644 $5,974,902 $4,500,072In addition to the debt as given above there were outstanding on

August 1 1892 $850,000 certificates of indebtedness issued in an-ticipation of the collection of taxes, the same to be redeemed fromtaxes already levied.

ASSESSED VALUATION.—The total assessed valuation of thiscounty before equalization in 1889 was $435,380,000; amount deducted,$23,008,278; total valuation after equalization, $412,371,730.

POPULATION In 1890, 838,547; In 1880, it was 599,495.

Pennsylvania—TItusTllle.

—

(State and City Supple-ment, page 70.)—We have received during the week the an-

nual report of the Comptroller of Titusville, M. A. C. Harton,

and also a copy of the Mayor's message. In reference to the

city's finances Mayor Emerson writes as follows:

" The annual report of the City Comptroller shows that thefinances of the city are in a healthy and prosperous condition.Some of the departments show a decrease in expenditures andothers a small increase. The city debt has been reduced in

the sum of $14,500. The amount of bonds placed in the sink-ing fund was $6,500, leaving the total city debt $175,800. It

is gratifying to see the indebtedness of the city annuallygrowing less, thus lightening the burdens of tax-payers yearby year, until la the not far dist-iut future every city bond

CHICAGO.

Jamieson & Co.,STOCKS-BONDS,

Members New York Stock Exchange,Chicago Stock Exchange.

187-1S9 DEARBORN STREET,Cliicag;o, Ills,

Private Wire toL * 8. W0RM9ER, NEW YORK.FLOWER 4 CO., NEW YORK.E. QLBNDINNING i CO., PHILADELPHIA.

Special attention siven to ont-of-town busi-ness. Correspondence solicited.

3. B. Bbixsi. Member New York Stock ExchangeD. H. CiTMHraoB, Member Chicago Stock Exchange

Breese & Cummings,BANKERS AND BROKERS,

111 AND 113 inONROE STREET,CHICAGO

—?S?^"** "'•*'• ^ ^o^ Yof*. Boston or Chlowo•wned on oonserratlTe margliia.

A. 0. SLAUGHTER, Member N. Y. Stock EiohangtWM, V. BAKER, Member Chicago Stock Exchange

A. O. Slaughter & Co.,BANKERS,

111-113 LA SALLE STREET,CHICAGO, ILLS.

Chicago Secnritlea Bought and Sold.

Henry C. Hackney,113 DEARBORN ST., CHICAGO.

IKTESTMENT SECURITIESBOUGHT AND SOLD,

Member Cblcago Stock Exchange.

CORRESPONDENCE SOLICITED.

CHICAGO.

Cahn & Straus,BANKERS,

laS LA SALLE ST., CHICAGO,a: General Banking Business Transacted.riBOT MORTGAGE LOANS ON IMPROVED CITYREAL ESTATE FOR SALE.

ifemben of the Chicago Stock Kxchanse.

Title Guarantee & Trust

CompanyOF CHICAOO,

9'i, 94 <& 90 WASHINGTON STREET.Capital, pnld-np 81,6UO,000Cndivided earnings. Includingsurplus i2'iO,OOU

Deposited with State Auditor. . i200,UU*l

GUARANTEES TITLES TO REAL ESTATE.Oilers Investors in real estate securities

protection nflbrded by no other system ofdoing business.

Is authortied by law to act as Registrar of Stocksand Bonds, Executor, Receiver and Trustee for

Estates, Syndicates, Individuals and Corporations.Trust moneys and trust securities kept separate

from the assets of the Company.

CORRESPONDENCE SOLICITED.

OFFICERS:GWYNN GARNBTT. President.

A. H. SELLERS, Vice-President.ARCHIBALD A. STEWART, Secretary.

CHA8. R. LARRABEE, Treasurer.

DIRECTORS:Qwynn Gamett, Chas. W. Drew,W.D. Kerfoot, John P. Wilson,George C. Walker, Kdson Keith,John G. Shortali, Geo. M. BOKue.John DeKoTen. "A. U. Sellers.

Samuel B. Chase,

CHICAGO.

W. C. Goudy,A. W. Green,

COUNSEL:John P. Wilson,A. M. Pence,

Herman Schaflher & Co.BANKERS,

COMMERCIAL PAPER,100 Tl'ashingtoii Street,

CHICAGO, ILL,.

Fred. G. Frank & Bro.LOCAL SECURITIES A SPECIALTY.

99 WASHINGTON STREET, CHICAGO.Correspondence Invited.

ATLANTIC MUTUAL INS. CO. SCRUDealt In by

AUGUSTUS FLOYD,3'J PINE STREET, NEW VORK.

Illinois Trust & Savings

Bank.CHICAGO, ILL.

CAPITAL AND SURPLUS, - 83,-.J30,UUU

INTEREST ALLOWED ON DEPOSITS.This Bank is directly under the Jurisdiction and

supervision of the State of Illinois, is a LEGALDEPOSITORY for Court Moneys, and ig authorizedto act as TRUSTEE, EXECUTOR. RECEIVER andASSIGNEE for ESTATES, INDIVIDUALS andCORPORATIONS.

OFFICERS:John J. Mitchell, President.

John B. Drake, Vice-President.Wm. H. Mitchell, Second Vice-President,

Wm. H. Reld, Third Vice-PresidentJames 8 Qlbbs, Cash'r. B. M. Chatteli, Ass't Cash'r

DIRECTORSJohn McCalfery. John B DrakeL. Z. Letter, Wm. H. Reid.Wm. H. Mitchell, John J. MitoheU"Wm. O. Hlbbard, J. C. McMuUln,D. B. Shipman, J. Ogden Armour'

Frederick T. Haskell.

The Jennings Trust Co.,

185 DEARBORN ST., CHICAGO.

CAPITAL, PAID UP, -

SURPLUS.

$500,000

$40,000

NEGOTIATES GROUND RENTS in the CltT O

Chicago. Takes entire charge uf estates. Acta af

agent for the registration and transfer of bonds and

stocks and the payment of coupons, interest and

dividends. Authorized by law to receiyeand execute

trusts of every character from courts, corporation!

and Individuals. A legal depository for court and

trust funds.

INTEREST ALLOWED ON DEPOSITS Of mone

Which may be made at any time and withdrawn after

Ave days' notice, or at a fixed date.

TRUST FUNDS AND TRUST INVESTMENTSire kept separate and apart from the assets of th4

Company.

I. R. WALSH, President.

CHAS. n. HULBUKD, Vice-President.

FRANKLIN UAI HEWAY, Secretary.

BAMUKL D. WARD. Treasurer.

LYMAN A. WALTON. Cashier

September 8, 1893.] THE CHRONICLE 887

shall have been paid and all our financial obligations wipedout. It ia because of these conditionn and prospects that the

credit of the city stands so high and our bond^, at a very low

rate of intere.«t, are sought for by inve-ttors. It may bo noted

here that the value of our water works alone exceeds the

amount of the entire debt of the city, thm making our pavo-

nient-i and sewers the sam > as already paid for, a condition of

tilings very ploa-iinn to contemplat"-, and such as no other

town in tlie oil regions can show."The statement of the debt of Titusville, its assets, valuatioa,

etc., has been corrected to date.

This city is situated in Crawford County.

LOANS-Crrv B(iNi>B—

Wlien Due. LOANS— ^'>'n Owe4h, $10,000 18984e, 8,000 10004», 11,700 100148, 10,500 100348, 1,300 100448, 1,700 100548, 5,400 10064b, 6,000 100748, 11,800 100848, 1,000 10098KWEB BONDS

-

48, $4,500 • 190148, 2,100 1906

48. $-1,000 189648, 2,000 18974», '20,01)0 19004n, 2,600 19014», 500 10034a. 200 100548, 30.000 19064s, 33,(H)0 190748. .WO 1908Water Bonus—

4s. $7 .(KM) 18944s, 2,0W 1807

INTEREST la imyablo by the City Treasurer.

TOTAL DEBT, Etc.—The total bonded debt on April 4 1892 wiv8

gl75,800, lieiug made up of ilty bonds to the amount of $92,800, water

bonds to the amount of $76,400 and sewer bonds to the amount of

$6,000. In 1880 this city's total debt was $329,237.

CITY PROPERTY.—Tlic city owns a water works and electric light

plant, and other property and assets amounting to about $315,984.

The net income to the city from the wator-works during the year end-

ing April 1 1892 was about $7,000, or very close to 4 per cent on the

City debt.

ASSESSED VALUATION.—In 1891 the total asseased valuation

woe $1,966,618 and the tax rate (per $1,000) was $16-34. In 1890 the

assessed valuation of re.-il estate was $1,342,949; of personal prop-

erty, $16,,'>84 ; total, $1,359,533. Tax rate (per $1,000), $17-77. In

1880 total assessed valuation was $1,655,756.

POPULATION.—The population In 1890 vras 8,073 ; In 1880 it was

»,046 ; in 1870 it was 8,639.

Ohio—Newark.—(.State Ain> City Supplement, page 81.)

The following dt-tailed statement of Newark's debt has been

corrected to date by means of a special report to the Caao.si-

CLB received this week from City Treasurer Qoor,<e Miller,

The city is at present advertising for bids on a 5 per cent elec-tric light loan to the amount of $40,000. For particular* ofsale see item under " Proposals and Negotiations" in lastweek's Chronicle.Newark is the county scat of Licking County.

LOANS— •

—

Inlerett.—.

. PriiuHpal, .

NAME AND PURPOSE. P. Ot. Payable. When Dm. Ouliland'g

City Prison bonds 8 A»0 Apr. 1 1894 S7,.10OKncannmicut lioncU 6 April Aiir. 27, '93-1002 10,(K)OUenoral fund bonds 5 March Mar. 1, 1803 2,05.'iRefunding (newer) bonds. 6 March Mar. 1, 1893 3,000

do do . 6 Dec. Dec. 8, 1805-6 8,00Odo do . 6 April Apr. 1, 1808 8,00Odo (bridge) do . 5 AAO No v. .30, 1895 12,000do do . 5 June June 16, 1000 20,000do do . S Ang. Aug. 1, 1901 25,0OO

Sewer bonds 6 Oct. Oof. 1, '02-1900 17,fK)ado 6 Sept. Sept. 1, '9-2-1904 13.000do 5 July July 1,1005 20,000

Bthebt Imp. Bonds—Cniurch Street paving S July July 15, '03-1902 .54,000East Main Street imp 5 April Apr. 1, '94-1902 33,000Oeiicral sticot iaiprove't.. 6 Aug. Aug. 1, 1893-4 20,000North 3d Street paving.... 5 July July 1, '93 1902 1.5,000West Maiu Street paving. . 5 July July 1, '03-1002 21,000PAR VALUE OF BONDS —The City Prison bonds and $18,000 of

the refunding bonds are for $500 each; all other bonds arofor$l,000each.

I NTEREST on all bonds is paysvble at the City Treasury, Newark, OTOTAL DEBT, Etc-—The total general bonded debt on Aug. 1

1892 was $154,555; special bonded debt, $143,000; total debt,

$297,555; sinking fund, $13,000; net debt, $284,555. The total

bonded debt on March 16 1891 was $260,245; sinking fund $11,500 ;

not debt, $257,745 ; floating debt, $10,300.

ASSESSED VALUATION.-In 1892 the total assessed valuationIs $6,015,000; in 1891 it was $6,015,320; tax ri te (per $1,000),.

$29-00; in 1890, $6,042,100; tax rate (per $1,000), $25-60; In 1889$5,880,975; in 1885, $5,182,818.

POPULATION.—The population In 1890 was 14,270; hi 1880 it was.9,600 ; In 1870 it was 6,698.

MINNEAPOLIS.

Minneapolis Trust Co.,iniNNEAPOIilS, niNNESOTA.

CAPITAL, $500,000.

Beal Estate Loana, Saietr Deposit Vaults.

AcU a* Exe^otor, Trualee and Gaardlan.

DBP08IT0BT FOR WILLS.

P. O. BOX 1,000.

Cable Address "Trnst" Sllnneapolls.

DIRECTORS.Bamnel Hill, President ; Thomas Lowry. First Vice-

President; II. F. Brown, Second Vice-President;Daniel Basjiett. Third Vice-President; ClarksonLlndler, Secret.ary and Treasurer; Isaac Atwater.Jas. J. Hill, H. B. Ijinudou, A. F. Kelley. W. G.Norttarap. Wm. H. Dunwoody. C. G. Goodricli. Cbas.A. PUlsbnry. A. H. Linton. P. B. Winston.

S. H. Wood & Co.,INVESTMENT BANKERS,Guarantee Ijoan Bulldlnir«

IIIIXXEAPOL.I§, mi^N.,De&Iera la the btgbest class of Minneapolis Securl-

let. Bank Stocks, MurtKaKes and Bonds.COKRB8PONl)ENCK SOLICITED.

MISCELLANEOUS.

e% INVESTMENTS 6%FIRST MORTGAGE GOLD BONDS,

Amounts 8300 to $10,000.

GOLD DEBENTURE BONDS,3, 7 and 10 Years,

ATLANTIC TRUST CO.. NBW YORK. TROSTKBAmounts SlOO to SI,000.

A FEW CHOICE

7 PER CENT FIRST MORTGAGES.Wrlt« for Description.

Lombard Investment Co.130 BROADWAY, NEW YORK.

MUNICIPAL SECURITIESOF

PITTSBVRG AND VICINITYDealt in by

Jas. Carothers,•O FOIKTH AVE., PITTSBURG, PA.

PACIFIC COAST.

Merchants National BankOF SE.4.TTIiE, 'WASHINGTON.

UNITED 8TATKS DEPOSITARY.Ansus Mackintosh, Pres. 1 Abram Barker, Vlce-Prea.

Wm. T. Wlckware, Cashier.

Capital, 8-200,000 ISurplus, etc., 840,000

Interest-bearinir Certificates of Deposit.Superior Collection Facilities.

Correspondence Solicited

Merchants Nat'l Bank,PORTLAND, OREGON.

Paid Capital 81,000,000J. LOKWBNBKRG, Pres. JAS. 8TBKL. Vloe-Pres.

I. A. MACUUM, Cashier.SELL'' SIGHT EXCUANQK AND TKLB-

aRAPHlC TRANSFERS, and ISSUES LETTERS')f CREDIT available throuKhont the United StatesDRAWS BILLS OF EXCHANGE on London.

UTerpool, Dublin, Paris, Berlin, Frankfort-on-the-Xaln. and all the principal cities ot Europe: also on'long Kong.COLLECTIONS MADE on all aooeuible polnU.

Commercial Bank,TACOIHA, WASHINGTON.

PAID-UP CAPITAL, 8-.200.000.Six Per Cent Coupon Certificate of Deposit, running

One or Two years. Interest ami Principal payable atthe Merchants' ExcliaUKC Nat. Bank, New Vork CityThis Certiticate has a coupon attached, which can

be cut off when due. and presented to any Bank forpayment, the same as a New York Draft. A mostconvenient mode of InvestinK your surplus money.Write for a copy of the Certidcate.

A. BBtDGHAN.CaSh. Obattan H. Whieucs, Pres

Merchants National BankTACOMA, AVASUINGTON.(OLDEST BANK IN THE CITY.)

Interest Paid on Time Deposits.Capital 8-230,000!4arplusand Undivided Proflts 8100,000Correspondence solicited. Collections a specialty.

SAN FRANCISCO.

The First National BankOF SAN FRANCISCO, CAL..

DNITBD STATES DEPOSITARY.CAPITAL, ... 81.300,000!iDRPLU8. ... 8r30,000a. G. MtTRPHT. President. B. D. Moroan, CashierIambs MorFitr. T.-Pres. O. W. Kline, Asst. CashGENERAL BANKING BUMINEMH.

ACCOUNTS SOUCITBD.

MISCELLANEOUS.WII.I.IAin[ HENRY CHANDLER *

WALDRON SHAPLEIGH,

Chemical Engineers andConsulting Chem'sts.

Chemical Industries Investigated. New ProcesM»Examined, Plans and Speclflcatlons of Works Fwkolshed. Also Yearly Contracts for Consultations.

Rooms 97 Oi. 9S, 80 Broadwar. New Tark»

Jos. O. Osgood,M. Am. Soc. C. E.,

CONSULTING ENGINEER,120 BROADWAV, NE1,V YORK.Makes specialty of reports on railroads and other

Investment properties.Exam inations made In any part of the cotmtry

Jos. C. Piatt, C. E.,

CONSULTING ENGINEER^TVATERFORD, N. Y.

Sxamlnatlons and Reports (or InToitar*..

WM. FRANKLIN HALLjooKB ACCOUNTANT -AUDITED-

Nsw forms designed for books ot aoconnt.

S<ttl«m«nt of Iruolvmt Sitata.

US Bzchangs BoUdlng, 63 State Street Bostoa.

B iss, Fabyan & Co.,NEW YORK, BOSTON, PUILA DELPHI V

8EIXIN0 AGENTS FOB IiBADDtO BRANDS

BROWN and BLEACHED 8HIRTIN»and 8UEETING8,

PRINTS, DENIMS, TICKS, DUCKS, AO.

Towels, Qallts, White Goods and Boslerr.DriiU, aheetingi, iCe., for Sxport TnuU.

Geo. Copeland & Co.,COTTON BROKERS,

129 PEARL STREET, NEW Y'ORKCotton landed at UUls from Southern Markets i

speelaltr.

388 THE CHRONICLE. rvoL. Lv.

HdiBCjellattjeotts.

[SECOND EDITION.]

THE

Financial Review.(ANNUAL.)

1892.

A. Year Book.OF

FINANCIAL INFORMATION.

373 PAGES.

CONTENTS:Retrospect or 1801.

Clearlnga and Specolatlon.

nercaatUe Failures.

Banking and Financial—Eeport ol U. 8. Secretary of Treaaury.Report of Comptroller of tlie Currency.New York Citv—Bank Betumg, iSo.

Great Britain In 1891.

Oommerclal—United States—Foreign CJonunerce, TradeBalance, C7. S. Exporta and Imports ofLeading Articles.

The money Market—Influences, and Prices of Call Loans andCommercial Paper since 1883.

-Cold and SUver—Production, Consumption, Exports and Im-ports of Gold and Silver in the nnlt«dStates and abroad.

Foreign Exchange—Miirket and Prices in New York, 1876-1891

(nvestments and Speenlation—Compound Interest Table, Showing Aoon-muiations of Money In a Series of Years.

Table Showing the Kate Per Cent Beallzedon Securities Purchased at diilerentprices(without regard to date of maturity.)

Stock Speculation in New York.

tJnited States Debt and Secnritles—Debt of tho United States, 1793-1891.Prices of U. 8. Bonds, 1860-lb91.

State Debts and Securities-StateDebts and Immunity from Prosecution.Prices of State Securities, 1860-1891.

Sailroads and tlieir Securities—Ballroad Statistics of the United States.BailToad Earnings in lb90 and 1891.Prices of Railroad Bouds, I«b7-1H91.The New York stock Market, 18b7-1891.Prices of Railroad Stocks, 1887-1891.Boston Stock anil Bond quotations, 1891.Philadelphia Stock and Bond Quotations,1891.

'

Baltimore Stock and Bond quotations, 1891.

Reports of Trust Companies In NewYork and Brooklyn.

Appendix—IHVBSTOBS' StnTLEMBNT.

Dividends for Seven Years on KR. StocksRailroad Stocks and Bond*—Descriptionand financial Condition of Companies,liarnlngs, &c.

Railroad Earnings by Months for fourYears past on Leading Roads

New Yolk Bank Slock Table.New York Insurance Stock fable.City Horse RR. stocks and Bonds.Local Gas Co.'s Stocks and Bonds.

Ktisceliattcoair.

flsnnd In red clotk, • . .

To Chronicle Snbacrlbers,

»'i OS

- 1 30

WILLIAM B. DAIVA A. CO,

FUBLISHEBB,103 l«ruuam Street New York.

WANTED:

riNANOIAL EEVIEW.Any of tbe istnes prior to 1883.

APPLY TO

IWm. B. DANA &:C0.,

lOa William Street, New YorK.

£iA]vr>-BOOK:OF

Railroad Securities.

jm.Y EDITION.

(Issaed Seml-Annually by the Publishers of the

COMHERCIAL i, FINAKCIAL CBBONICLE.)

CONTENTS.A Description of RR. Stocks andBonds AND A Statement or the Income

for four years past, as well as the annual

charges against income.

nigliest and Lowest Prices montltly

OF RAHKOAD B0ND8 AND STOCKS IN NEWYoBK, Boston, Philadelphia and Balti

MOKE for the years 1891, and to July in 1892.

Ten-Year Range in Prices of Active

Stocks—Being date of highest and lowest

prices made in each year from 1883 to 1891

inclusive, and to July I in 1892.

Dividends on Railroad Stocks paid dar-

ing each of the years 1836 to 1891 Inclusive

and to July in 1892.

Gross and Vet Earnings to latest dates In

1892, in comparison with he corresponding

periods of 1891.

Price in Liglit Leather Covers, • $1 00

To Subscribers of tlie Chronicle, • 75

It Is Issued to Bankers and Brokers withtheir bngiuess cards lettered in Kilt on theoatside cover (not less tban 3,1 copies to

one address) at discount rates, accordinir to

qnantlty ordered.

WILLIAM B. DANA & CO.,

10» William Street, New York.

The Mutual BenefitLIFE INSURANCE CO., NEWARK, N. J.A.MZI DODD, . .... President.*"e" (Market Values), Jan. 1, 1892.. . ,^8,930 278 06Liabilities (N.Y. and Mass. Standard).. 46,3ai,48« 00Surplus....... 3,545,793 06surplnt, by former N. Y. Standard,(Am. Kx. 4>< per cent Reserve) 6,137,100 06

policies absolutely NON-FORFfilTABLX AnBB8KC0ND TEAE.

IN OABi orLAPSi the Policy la coNTiinnjD raroRciu long as lU value will pay lor; or. If preferred, >Paid-up policy for Its fall yalue is isaned in exchange.Alter tne second year Polloleaare incontestabli,azoeptas against Intentional fraud : and aU rsstric-uona <u to residence, trnvel or occupoMon ore remmtd.CASH LOANS are made to the extent ol 50 per centn tne reserve value, where valid aaslgnmenti ol tliepolicies can be made as collateral security.liOSSKS paid Immediately upon completion and sp>

proval ol proofs.

UNION MUTUALLife Insurance Company,

PORTIAND, MAINE.INCOBPOKATKD 1848.

JOHN B. DbWITT, President

The bualness ol the Union Mutual Life Insurancetympany lor the hall-year ending June 30th, 1892,waa ol ahlghly successful character. Compared withtne corresponding periods of preceding years, thehall- year In question was oneol the best m the com-pany's history.

vl^^fS^.'Jj'i-i.^ INCKBASES WERE MADE INw^,Y-pyi?.P^.4,'JCE VVRlTTBN.NBW PREMIUMSA^iwv^'J./Jiy SETTLED, PREMIUM INCOME^^\\ '/iS?,?,".^.? KARNINGS, AND IN POLICIESA^'AJ?5K"^'*^12 IJ* FORCE. THE NOTICESOF DKATU CSLAlMS 8U0WBD A CKOBBASB.

IptBcellanetftts.

Littell's Living Age.In 1802 THE LIVING AGE

enters upon Its 49th year.It has met with constant com-

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A WEEKLY MAGAZINE,It gives more than

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It Is therefore invaluable to every Americanreader, as the only satisfactorily fresh and COM-PLETE comoilation of an Indispensable currentliterature

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