November 19, 1892, Vol. 55, No. 1430 - FRASER | Discover … · · 2016-05-18SixMob. do. do....ilirs. ... +187 —90 Totalallcitiesfor ... waycranotheritstrikesattheindustriesandenter-

ANDW xmmHUNT'S MERCHANTS' MAGAZINE,

RBPaKSENTING THK INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEg.Ent«Kxl aooordlng to Act of OongrMa, In the year 1892. by Wm. B. Dawa A Oo., In the offloe oJ the Librarian of Oonffieiik, âihlofftoB, D. a

VOL. 55. SATURDAY. NOVEMBER ly. 1892. NO. 1.430.

%\xt Chrauick.

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I Post OrFiCE Box 958.

CLEARING no USE RETURNS.The following tabl'', made up by telegraph, etc., indicates

that the total bank clearings of all the clearing houses of theUnited States for the week ending to-day, November 19, havebeen $1,333,679,576, against §1.162,169,683 last week and^1,321,412,522 the corresponding week last year.

%OLiAsrasa Week Endina November 19.

Bctumi 6v TclearapK 1892. 1891. PtrOtnt.

Svw York »652,164,191

83,270,881

61,428,381

13,649,808

93,011.000

22,413,424

11,000,000

»S42.8?3.150

81,807,721

56,336,227

13,263,812

92,886,000

20,044,766

11,324,816

42013iMtonfhllMlelphla

+79+34+2 9

+0(3+il-h

Kew Orleans ....... -21.

Seven cities, 6 days-Other cities, 8 days

$941,94K,683

170,264,187

(821,616 492

2e6,498,274

+146+8V

Total all cities, 6 days...

All cities, Iday$1,112,211,670

221,467.f06

«978,144.766213.267,756

+18 7

—90

Total all cities for week tl,333,079,B76 S1.221,412,Si2 +9-2

The full details of clearings for the week covered by theabove statement wiU be given next Saturday. We cannot, of•course, furnish them to-day, bank clearing being made up bythe various clearing houses at noon on Saturday, and hence in

the above the last twenty-four hours of the week have to bein all cases estimated, as we go to press Friday night.

Below are our usual detailed figures for the previous week,covering the returns for the period ending with Saturdaynoon, November 13, with the comparative totals in 1891. TheAJfgregate for the week is two hundred and fifty millions of

dollars less than that for the previous week, the failing off beingdue primarily to the loss of one day's business in consequence•of the ele<;tion holiday, but is also in part a-^cribable to thefact that the total for the week ending November 5 includedthe usual monthly payments of interest, &c. Compared withthe corresponding period of 1891, which covered a full week,there is a loss of 10 9 per cent in the whole country and I'J

per cent outside of New York. Notwithstanding the smallernumber of days covered a number of citit* exhibit gains overlast year, the ratio of excess being noticeable at some Western

pointa, particularly at DeS Moines and Salt Lake City.

Sew TorkSaletof—(Stoela ihar«.)(Cotton bale:)(Grain û«)KJ«.)(Petroleum U>l<.)

BostonProvidence....IlsrtfordNew Haven...dprlnKfleld...Worcester...,PortlandLowellSaw Bedford..Fall River'....

Total New Bngl&nd.

Philadelphia..PittsburgBaltimoreRutfaloWashington.

.

Roch esterSyracaseWllmlnKton...Blntfhamton..,

Total Middle..

(^loagoCincinnatiMilwaukee ,

DetroitClevelandColumbusIndianapolis....PeoriaQrandRapldi..IiexingtonSaginaw

Total MiddleWestern.

San Francisco..

,

Portlandgait Lake City..SeattleTacomaLos Angeles....Great FallsSioux FallsHelena*Spokane*

Wak Bndlmt Ifovember li.

1893.

656,626,364

(1.24t.44S)(1.712,700)(3a.002,M6)

(20,000)

95.160,8045,59»,g002.027,7«41.431,1101.630,0i)»1..184,0<11

1,402,92168l.n«)616.684986.046

109,843,548

e7,4«g,l4213, 61.58314.326,6389.071.59:12,338.11281,648,188968,964796,51!8283,700

110.264,840

101,888.46714.810,8608.!!82,7667,614,60<>6,234.5»l3,947,7001,.>00.000l,7»1.800880,329416.3CT41K,702

Total PaclBo.,

Kansas City..Minneapolis..St. PaulOmahaDenverDninthSt. Joseph....Sioux City....Des Moines...WichitaLincolnTopaka

Total Other Western..

St. LouisNew Orleans....LoulsTllleSalvestonUonston ,

KtchmondSavannah <

Memphis ,

NashvUlavtlaataNorfolkDallas.Fort WorthWaco ,

Blnulngbam.Chattanooga.

.

Charleston*...Jacksonville*

Total Sontham...

Total aU

)nuide New rork., 906,>)44,319

i«,s«,siaa,66T,SiO940,000730,000

Total Canada. «0,789,«3«

ilontreal .roronto ...

Halifax „.tiamUtOB .

147,638.101

14.784,8202,700,000<,20«,68<l923,748

1,093,986846,623386.8i8180,000740,933

1,090,001

1891. iP.Otnr

791.100,156 -17

(1,744.918)(933,000)

(66,036,376)(1,382,000)

96,6r4,S866,080,7001.876.1721,696,4671.618.8351,303,6301,261,744

»1>',822e«8,v8S

110,679,748

67,056.742l-"t,137,«8t.

16,< 82,0068,716.6882.025,3811,661,711920,135906,613270,700

109,666,015

101,420.43014.988,7507.326.49.e,241.10»6,733,7613.460,2002,S53.6«01,818.564816.081496.861310.32

24S)+83 6-20-6(-80-2)

-04-80+8-1-10-4-10+6-8+112-26-5+8-4

-08

+0-6+1-7-60

+16-5+6t-(6-»-12-0+4-8

23,110,828

11.206.02310,300.0005.388.0656.664.3366,316,4748,800,0001,610,0101.238,004I,117,282618,62:686,90'403,866

45,782,684

26,066,84.12,176,0618.786,1608,319,6032.868,6662,412,8163,061,7303,d05,727l,9i5,60»1,742,0311.066.15088V.68U560,000800,00u487,824447,160

l,468,6o6346,262

145,079,321

22,245,8112.806.7711.737,793890,170

1.310.220852,300350,000136,000

30,328.308

11.640.83311.328.6906.161,6514,747,9284,682,37;2,731,4081,543,0121,096,96386/,S8e5;5,76V607,188422,2.<6

46,378,987

26,694,11612,657,6267,087,8664,666,8682,986,2628,830.6068,788.788S.i)»1.3721*17,18;2,087,3211.418,104826.000462,760

1,078.598688.625438,000

+06

+0 6-08+110+20 4+8-7+14 1—14-8—8-1+7-16-2+23

""+1-8

-83-6—3-8+27+3-7-16-5-08+13 1+18-5

IFwk Mnft !f(n •.

>8»8. P. Omt,

809.786,6*8

(1.185.164)(oas.soo)

(88.754.850)(1,272,600)

184,065,6546,868,5008.3^8.8021.664,.1881,663,2491,560,7871,644.0061,865,803478,227998,663

140,588.820

89,161,34014,872,91016,688.4509.866,8108,182,6441,849,6151,408,7331,061,175281,900

68,004.813 70,501.106

i.iea.ie>,a»3 1,303.733.710

U8.633,6S«

10,S«5,9865,867.4191.083,568658,418

~iaj86.385

-238

-3-7-81

—12-6+196+14 2—15-8

+&»+ao"2-6 5

+16-—44

-13

-81-S«+24-1-288-0-9+8-1+11-4-10-4+6-8-16-6-16-4-8-8+188—258-86-7+1-9

-ri

-10-8

-=F4-•M6-I-11-4-13-3+10"?

+11-81

187,818,537

123,521.34817,391,21108,368.1668.066.3956,814.1171,3<I2,5001,0V1,9162.051.1111,000,000535.243387.0-27

+U-0

(-40-8)(-84-8)

—4-«

-(-»r»+171-88+808•fu-o•f«5-6

+90+86-6

+t|:i+18-8•f86-3+11-6+21-8+34-7-1-8

174.679.068

19,236.7622.919.8282,851.2811,087.2701.4i!7.830828,4603S1.681172,0617.;i,0«2

28,958,300

11,69132211,641,6806,551.0086,298,1546,584,8112,212.448l,86l«,481l,430.2;i21,382.85052-2.368818.843448.897

60,<55,338

608,068,3*7

11,864,8797A76.9861,282,613836,721

81.660,5481

+815

+26^19-818-810'«,206+25-t344-8+10-4+ir»+««

+20«

+06+10 5+64-6-HS

+40-6--29-0+83 1+23-X

+46

+01+161—14-4-Ul'O+W*+0-4-4-0+S7-04-60+0-9

+I3-4+1-8

+13-8

-1-5—lS-6+18-7-11-7+351+U-d

+0-8-ri-81-7-f2SS

-S-s-87-18

-8-4

+18-0

+13-4

+1?4.'

+1 0-

' Mot Included in totals.

826 THE CHRONICLE. [Vol. LV.

THE

STATE ^nv CITY JitfA^Wtm.See pag;es §67, S68, S69, 870 and S71 for our State

aud City Department.

All advertisements with relation to State and City Bonds

will likewise be found on the same and following pages.

Tffi; FINANCIAL SITUATION.

Numerous influences have been at work to disturb

Wall street this week, although so far as there has been

any actual change in our domestic trade conditions

—

those conditions which more directly tend to benefit

railroad earnings and values—they have as a rule been

favorable. To be sure the prices of breadstufEs are all

extremely low, but this year's production added to the

surpluses of last year left over to be marketed, is

large, which in some measure qualifies the disadvantage

of price. Other than that all signs denote progress.

Cotton is higher than it was a year ago, and advancing

instead of declining as then, while the condition of the

ron market, especially of pig iron, has become decidedly

favorable ; these are two extremely important circum-

stances not only contributing materially to, but afford-

ing evidence of, the prosperity of the whole country,

and particularly aiding recovery in the Southern States.

Then, too, in addition to the articles named, it can

also be said that general business is in nearly every part

of the land and in nearly all departments, fairly pros-

perous and in good shape, transactions likewise being

on the increase ; so that taken as a whole our internal

trade certainly promises well.

On the other hand, some unfavorable conclusions

have been drawn from certain features of the election re-

sults. The success of the third party in Kansas has been

construed as likely to lead to legislation hostile to rail-

roads, and this has been used to depress the market

especially for Atchison and Missouri Pacific securities,

each company having so considerable an amount of

road in that State. Later information, however, leaves

the presumption that the Senate is not in the control

of that party, while the Governor- elect in an interview

has encouraged the belief that nothing of an aggressive

character, harmful to vested interests, will be done. It

is well enough to recall the fact, too, that judicial de-

cisions during the two years since the last Kansas Leg-

islature met have somewhat tied the hands of State

and Inter- State railroad commissions; and, further-

more, that the views of Western and Southerncommunities are all the time growing a little

more conservative. We have an evidence of

this latter fact in the election results in

Texas. To be sure Governor Hogg has been re-

elected ; that at first sight seems as bad as bad can be.

But he only received a plurality, not a majirity of the

votes cast, and moreover, though elected, it was solely

because he was able to obtain the nomination of the

dominant party, whereas the followers of Judge Clark,

the conservative candidate, were considered but a bolt-

ing faction. No one need think the fight is over yet.

Principle never surrenders. Judge Clark says, in aninterview published in the Texas papers this week,that he and those who are acting with him intend to

keep it up " for two years, four years, eight years or alife time until sound democratic Government is estab-

lished in Texas." In the meantime Judge McCormick'sdecision rendered last August holds the railroad com-

mission of that State in check, and though new legis-^

lation may avoid or get around that injunction, it must-

conform to the principles of the decision or it will only

invite still another injunction. Perhaps, however.

Governor Hogg has become wiser than he was. Weshall soon see.

More serious than all this however—because in one

way cr another it strikes at the industries and enter-

prise of the whole country and not of a single State

—

has been another adverse influence at work this week>-

from which Congressional action alone can afford relief.

Of course we refer to the further advances which have-

been recorded in foreign exchange and to the rumorsof large gold exports, to all of which stocks have quickly

responded, because the stock market is a most

sensitive tell-tale of trouble in prospect and pecu-

liarly of any trouble which threatens values. Whyforeign exchange has advanced is plain enough.

Legal tender notes pushed out for silver bullion

purchases have so disturbed our foreign trade that

gold must go, perhaps not immediately, but soon..

This is no new trick, but as old as commerce. We are

driving out gold because we undervalue it. A sugges-

tion of one of the methods by which this is being done

we get from the trade figures published from month to

month; to-day we have the preliminary statement for

October of exports of breadstuffs, cotton, i&c. (given

below in this article), and the exports and imports at

New York given on a subsequent page. It will be

noticed that the values of breadstuffs, cotton, &c., ex-

ported this October from the whole country only ag-

gregate 63^ million dollars, against 78^ million dollara^

in the same month of 1891, and 741 million dollars in

1890 ; furthermore, that the imports at New^ Yorkwere just about oOf million dollars in October, 1893,.

against iH^ million dollars in the same month of 1891,

while exports at this port were only 31J million dollars

in October, 1893, against 37^ million in 1891. These

few figures show whither we are drifting.

The money market is no doubt getting easier.

This tendency is the result not only of a smaller net

loss to the banks on the currency movement to

the interior than occurred a few weeks since,

but to a gain for several weeks pajt and also

this week on account of larger Treasury disburse-

ments. The loss in actual reserve reported last Satur-

day was obviously a special matter—a payment over

the counter possibly, due to an extra demand for

election purposes and not traceable in the returns we ob-

tain. There is an increasing amount of money offering:

on call, and during this week bankers' balances have

loaned at 6 and at 4 per cent, averaging 5 per cent._

Renewals were made at 5 to 5^ per cent, and banka-

and trust companies quote 5 per cent as the mini-

mum, while some obtain 5| per cent. There has also-

been an increase in the offerings of time money, and

as the demand has not been augmented, notes arfr

lower at 4| per cent for thirty days, 5 per cent for-

sixty days to four months, and 5| per cent for

five to six months, on good Stock Exchange

collateral. C jminorcial paper is in gooidemand, a still

lajger number of the city banks being in the market,

and there being also a good inquiry from the interior ;;

but the supply of pap3r is only fairaad not at all equal

to what is expected at this period of the year, maialy

for the reason that merchants are acting conservatively

in the matter of borrowing. Rates are 5 per cent for

sixty to ninety-day endorsed bills receivable, 5 to 5^

per cent for four months commission house names, ani

IKOTBHBKBlS, 1893.] THE CHRONICLE. 827

5i to 6 per cent for good single names haring from

four to Bix months to run. List weok'a bank roluni

BlioMTod tliat four of the larger banks hold $2,600,000,

while the Clunring House institutions a* a wholo ha<l

•2,678,900 surplus reserve.

Tliorehiis been a feeling of unrest in Paris since last

week, first on account of the failure of the Oovornmonteffectively to deal with the anarchists and secondly

beoanse of the expectation that the Chamber of Depu-ties would take such action aa would result in a minis-

terial crisis. It was announced the latter part of the

week, however, that the conditions indicated that the

immediate crisis of the Government had been safely

passed. It is stated that the Gorman Imperial loan,

which it is proposed to raise on account of the army,

the navy and the Imperial railways, will amount to 149

millions of marks. From London the announcemontcame by cable that all the Uruguayan bonds obtain-

able in that market have been bought by a syndicate

who offered to take all held by the B.ink of Englandon account of the Baring estate, but the Bank declined

to sell. The movement of gold from London for Rus-

sia continues; but the withdrawals have this week bjcn

arranged so as not to disturb the stock of bullion in the

Bank of England. The cable reports discounts of

sixty to ninety day bank bilh in London at 2| per

cent. The open market rate at Paris is 2J per cent; at

Berlin it is 2^ per cent, and at Frankfort 2f per cent.

According to our special cible the Bank of E igland

gained £390,003 bullion during the week, holding at

the close £24,664,502 ; this los?, as we are also advise I

by our correspondent, was due to the receipt of

£310,000 from the interior of Great Britain, to an im-

port of £80,000, of which £06,000 wa? from P.rtugal

and £14,000 from China, and to an export of £100,000,

of which £60,000 wm to the Continent and £40,000

to Ei^ypt. The Bank of France reports an increase of

£109,000 gold.

Foreign exchange has been firm this week, rapidly

moving upward under the influence of a demand to

cover loan bills and commercial drafts, and the market

has also been affected by a scarcity of bills against out-

going staples. The arbitrage operations in the stock

market have had little or no influence upon exchange,

the foreign houses, in the great majority of cases,

trading simply for a turn. It was rumored Thurs-

day afternoon that $1,000,000 gold had been engaged

for export to Europe, but careful inquiry failed to

confirm the report, and it was no doubt false

At current rates for actual business the market is still

about one cent per pound sterling below the gold ex-

porting point. Compared with the close of Friday of

last week the market opened on Monday unchanged at

14 84i for sixty day and 14 87i for sight. But on

that day Brown Bros., the Bink of British NorthAmerica and the Bank of Montreal advanced the

long rate half a cent, and on the following day Bar-

ing, Magoun & Co. also moved this rate up half

a cent. Ou Wednesday Brown Brothers and the Bankof British North America advanced both long and

short half a cent, and on Thursday Baring, Magoun &Co. and the Bink of Montreal followed with a similar

advance, making the rates by all the drawers uniform

at 4 85^ for sixty day and 4 88 for sight. The mirket

closed steady yesterday with rates for actual business at

4 84J@4 85 for long, 4 87i@4 87i for short, 4 87^04 87J for cable trinsfers, 4 84@4 84^ for prime and

4 834@4 84 for documentary commercial bills. Thestatement issued this week by the Bureau of Statistics

of tlie eipirtg of breadstnffg, proriiionf, ootton, Ac, 1«

subjoined.

croOTor lOTUw. PRomiom. anrtom 4wd rmot.MVU.

from O.B.

QunntM—.Wh««tba«b.l''l»ar...MI>

Whaat. .bo.

Cum...batb.

Tut. bub .

roJuM.Wb't A flonr.

Cuni4mMlRt»OaUft n6«l.Barler

Br'dttullk..

ProTliloni*.

0<rtton

Petroriii,A«.

Tot. Tklna

100*.

Octadt.

U.AIP,OIM

i.ma.M7

w.isT.osn

M,a7a,sM

•I7.afl0j>«i

I,l>M.4»

W,7WU,tM

M.sao,imi.sre.iso

to HmUIU.

ioi,ofw.a(B

M,»i»,a4i

ltM,«IS,<l7

I

86ji7,nt«JOO,«MMU.U7M8.408

t03JM.SSSlM.IIOB.8n

i«a.0M3izM,7ia,aTs

«3.«B1.0»9IMB.attMt

uei.

OcMur.

t4,aK,Ml>

l,llA.Mf>

l», 107,400

Mia,Ml

I«r>,i»3io

«.sa8.lis

1,«M.M7in,7Msu.aa7

M,4aa,«M10.BM.4M8e.M7.a3i

8340.101

'Ittanttu.

•jm.4M

ito.4M.aMM,«MWiM^m^fM

•14fl.Tn.Ht

i»,40t,aM

t.aM.041

•n.aMi.to«.a87

Me.4as.8Mm«i.74ai8t.ai7.oei

tr.efl7.s7o

84«0.8t(

8fl«,l7(

•.MO.lon

M«fl.ee«

8.S*7.aM

S•,717.B0«

Ml«.as7

i8.«U

TUM8.14a,M«U,70i.s;8

;a4.8«7.7U

t77.048.108

M.068.t7«

e79,7T0

4J4a4M

U8.a87.lMia8.4H.8M

M31441tM4.eM.0Wfl.Otg^lS 18.197.1

78.887.417 tUfitiflmi ?43gr TBI 4flt.ll«7.1t

* Inoladlnir cnttle unit ban In rtll mnnthn anfl j»mn.NoTK.—All llin above flguron »rc ba-ted on the monthly prellmlaarr

r.'turnn lamieil hy the Bureau of StJitlHtlo*. and corer about 99 per o«atof the total exports of the articles named.

There have been a number of important meetings this

week of railway men and of the members of various

traffic associations in difterent parts of the country witha view to improving the rate situation and securingmore profitable results to the roads from their traffic

operations. In the case of the meeting at Chicago theeffort to save the Trans-Continental Association fromdissolution apparently failed, but the meetings here in

the East of the trunk line presidents and the presidents

of Southern roads have on the whole been attended bygratifying success, and the promise is that very impor-tant benefits to the roads concerned will result

from the action taken at those meetings. Atthe trunk line meeting resolutions were passed restorfl

ing both east-bound and westbound rates between Chi-

cago and New York to the basis of 75 cents per 100lbs. for first class freight on December 1, and full

power was given the commissioners to see that each

road secures i'.s proper share of the traffic, thus avoid-

ing temptation on the part of the weaker lines to

ileviate from agreed schedules. It is b?lieved that the

effort will be to arrange a distribution of traffic through

concessions in the shape of differential rates, rather

than by the formation of a pool. In the South the

need for action to ensure better rates was very urgent.

Under the industrial depression which has pre-

vailed in that section, and the falling off in

certain branches of traflic, rates have been re-

duced to very low figures, and without im-

provement in that particular the outlook for

S)uthern properties would have to be regtrded aa

discouraging. At the meeting at the Fifth Avenue

Hotel it was decided to place the rate-making powers

more directly in the hands of the presidents and higher

otlicialsof the roads, and for this purpose the Execu«

live Committee of the Southern Railway Association is

to be composed entirely of such officials, instead of offi-

ci ils of lower rank. This change will give the presi-

dents more effective control of the rate situation, and

the understanding now is that after the Ist of January

ttriff schedules shall be placed on a basis such as to

ensure more profitable results than have accrued in

the recent past.

Fv>r obvious reasons statistics regarding the anthra-

cite coal trad) possess unusual interest just at the

moment. The Bureau of Anthracite Coal Statistics

has this week issued the monthly statement for Goto-

ber, and it shows that production was restricted very

materially as compared with the same month last year.

828 THEt CHRO^'ICLF. fYoi. LV,

the amount of coal mined in 189"2 having heen only

4,060,126 tons, as against 4,496,531 tons in 1891. Still

production last year had been extraordinarily large—in

fact it was claimed at the time that October, 1891,

showed the largest monthly production in the history

of the trade. Notwithstanding the reduction of 436,408

tons in the output the present year, stocks at

tidewater points increased slightly during the month,

rising from 638,301 tons on October 1 to 680,563 tons

on October 31. Last year in that month under the

hiavy production at that time, the increase in tide

water stocks was but little larger than this. It follows-

therefore that the amount of coal disposed of by tht

companies the present year, or stored at interior points

by them, was much less than in 1891- The situation

in this particular is made plain in the following.

AitthraeU* OocO.

Stock bagluning.

,

ot period

Production

(Ktobfr.

18S>?.

Tont.

638,301

4,0d0,lS6

Total snpplr .

.

Bt'k end of period

Disposed of

«,e»8.437

eao,56s

«017.8«1

ISill.

TbiM.

&ad,83S

S.0«6,S67

83S,M6

1890.

IVmu.

(76.818

January 1 to October 31.

18S1.

7M.1S2J

Dm*.&S5.S5S

3,8.02.717 ?4,57l,850,S8,7S2,80i

1890.

TbfU.

1,03«,10-

«9,2SS,479

1.669.035 35.3S«,S88 S3,M8,«69 SO.Slsl.Sax

ess.iee! aso.sasl «s64m 632,498

3.938.537 Si.ei6.719 38.633.013 29.682.063

Thus only 4,017,864 tons were apparently disposed

of in 1892, against 4,429,921 tons in October 1891, but

as against 3,936,537 tons in 1890. Even with this fall-

ing off in the late month the amount for the year to

date is two million tons in excess of last year and five

million tons in excess of 1890. A feature with refer-

ence to the production of the different regions is worth

noting. Of the decrease in output for the mouth of

436,408 toDP, no less than 294,857 tons has fallen on

the Schuylkill region, whence comes most of the Bead-ing coal; again, out of an iucrease in output of 1,839,-

042 tons for the ten months to October 31, the Schuyl-

kill region has only 161,576 tons. That region turned

out less coal in October 1892 than in October 1890, butfor the ten mouths the figures are 10,339,244 tons for

1893, 10,177,668 tons for 1891, and 8,837,937 tons

for 1890.

We give on another page our statement of net earn-

ings for September, and explain why the results are

not altogether favorable. For October only a very fewreturns of net have been received as yet, and these

can hardly be taken as a criterion of the rest. As far

as they go, however, they all show losses, with one ex-

ception, in both gross and net. Thus the PittsburgYoungstown & Ashtabula reports a decrease of |;25,237

in gross and a decrease of |il8,366 in net ; the Xash-yille Chattanooga & St. Louis, a decrease of $18,741 in

gross and of $2,729 in net; the San Francisco &North Pacific, a decrease of $3,723 in gross and *1,830in net, and the West Virginia Central & Pittsburg adecrease of $8,041 in gross and #1,536 in net. Noneof these, it will be observed, are large systems. ThePittsburg Cincinnati Chicjgo & St. Louis is largerthan any of them, and that road in its statement forOctober reports an increase in gross and net alike

$98,339 in the former and 1:29,992 in the latter.

The following statement, made up from returns col-lected by us, shows the week's receipts and shipmentfof currency and gold by the New York banks.

Wtll a»di%i Sorembtr 13. 189*. Rteeirtd »» SlUffd HN. T. Banla-N. T. Boms.

Ourener.Bold

Total gold maa 1«««1 fndem-

«3.2T3.000

Sli.OOO:3 501,000l.-tocouo

MoMmnu.

Loss, f2-2S..oon

Loss. 5.-8 000

»t.cs\ooo| a^.gji OOP nijta .8:finfn

With the Sub-Treasury operations, the result is at

follow?.

fTuk Ending Xovembtr 18. 1S92.

Sanks'lnterlormoTement. a8al>0TeSub-Treasurj- operations

Total Kold and lesral tenders

rnfo

Banks.

«4.0?5.0O0

15,150,000

Ouf 0/

Battla.

NUOhantHHBank Holdings.

»4,901.OOO Loss. SS16,0t0li,200,000 Gain. 9.i0.000

$19,2.'3 000!$l<l.l01,no0 Gain. S134.0C0

Bullion holdings of European banks.

B»nkot

Eniland.FrinoeQeraianj*. . .

.

Aast.-Hun'T.Nstherlanda..

N«t. B'lglan.*

fot.thlBweektot. oreT. w'k

Kovcmbtr 17, 1898.

Bold.

S21.064.50?

e7,l»8.8J6

32,752,500

10,783,000

3,168,000

3,112,687

SUver.

50,985,981

10.

16,

6.

1,

Toua.

21.664,502

118,061,829'

,917.6001 13.6:0.000

,882,0t0 27,665,000

,962,000 10,130,000

,556,333 1,669,000

Nocfmber 19, 1891.

Oold.

Ul.o79.514 87.

14I.P53.53S''*-

t23,077.617

63,161,000

31,325,250

6,481.000

3.563.000

2.733.667

Stimr.

50.133.000

U.141.750

16,7 3,000

6,2e4.00<)

1.366,333

303.817 223.88t.831 122.339.564 8S.9«.';.S3

3^4.026 22S.637.554'l21.a75.570'85.5l8.3S3

Total.

23.077.617

103.300.000

45,767,000

22,243,000

9,S33.0',10

1.O96.0O0

203.301,6M20d.923.90»

• Tlie division (between gold ana silver) given In our table of coin aij dbullion in the Bank of Germany and tlie Bank of Belgium la made fromtlie best estimate we are able to obtain; in neither case Is It claimed tobe accurate?, as those banks make no lUsUnotlou in their weekly returnsmerely repurtinj: the total sold and silver, but we beUeve the divisionwe make ie a close apj.roxlmatlon.Note.—We reccivethe toregotug results weekly byoable, and while not

aU of the date given at the head of the column, they are the returnaissued nearest to that date—that is, the latest reported Ugores.

PEOPOSED GOLD CURRENCY IN INDIA-HOW IT CONCERNS THE IWITED STATES.

FmsT Article.

The appointment of the committee by the Govern-ment of Great Britain, of which Lord Herschell is

chairman, to consider proposed modifications of the

India monetary system, looks just now as if it mightlead to graver results than has been generally autici-

p-tted. The cable announces this week that the

committee is debating a motion for establishing a gold

currency in India. That announcement would not of

itself mean much, and most likely nothing of import-

ance relating to the matter in debate will be dc-

ttrnuned for some time ; but taken in connection with

a similar discussion and movement for the relief of

India's currency embarâssmtn^, which recently has

been in progress in India as well as in Great Britain,

we have a suggestion wearing a sufficiently serious look

to induce the people of the United States to make the af-

f air a subject for attention and study. What action on

the part oi England and India dots the proposition to put

India's currency on a gold basis involve ? What difficnl-

lies attending the attempt would India have to meet ?

What would be done with India's silver rupees ? Whatwould be the effect upon European money markets?

If successful how would the change act on the monetary

sjs'em of the United States ? What may we do ia

aid of 01 to discourage the plan ? These are all ques-

tions which the mere suggestion of the scheme ua*_

avoidably brings up, and no doubt they call for careful

consideration.

Of course a first thought, and ore which is generally

held, is that the substitution of a gold currency in India

is not a feasible unde rtaking. The questions we have

asked above suggi st some of the more prominent doubts

which occur to most men's minds in view of the change.

The extent of the country and the v^st population it

contuins, the old stocks of silver held, the blind par-

tiality of the people for that mttal, the volume of

rupies in circulation and the possibility of a ccnsider-

able quantity of them being marketed, the extent and

collection of a gold reserve, and the new danger which

would threaten the world's currency if India's remark-

able propensity to h( ard the precious metels was turned

exclutivily upon gold—these conditions have presented

a problem the magnitude of which has hitherto dis-

couraged the general public in any attempt to solve

India's monetary difficulty through the adoption of a

gold currency. To be sure there have been some who

November 10, 1603.] THE OHRONICLE. 829

faaro long nrg«d this mode of relief. But now we see

the advocates have become numerous, and the idea in

getting a wide foothold ; oven thia Oovornment com-

mittee has'taken up the subject, how seriously wo do

not know, but the oable reports that the chairman,

Lord Horscholl, urges the change. This docs not prove,

and we do not claim, that general opinion in Oroat

Britain and India at present favors such a scheme, but

only that many prominent men in both countries are

beginning to contemplate a gold standard for India,

are beginning to inquire whether many of tlie fears

suggested are not merely imaginary, and whether after

all such a way out of its currency difficulty is not

thoroughly feasible.

One fact is certain, and that is that some of the

assumed hindrances to the adoption of a gold standard

in India have been- over-estimated. Chief among these

would seem to be the assertion that a large supply of

gold would be needed to ensure convertibility. Theextent of the country, of the population, and of the

silver rupees afloat, have been taken as a sort of measure

of the quantity of gold required. But do not writers

who hold that extreme view overlook several favorable

conditions bearing upon this need ? Do they not over-

look the fact that the rupee is already at par with gold

everywhere iu India except at the ports and chief

interior towns ? If that be true, it greatly sim-

plities the problem ; and we all know that it is

affirmed to be true by every English writer, so that

we may unhesitatingly accept it in this discussion.

No gold is needed to sustain a condition of the rupee

which exists already without it and which has all along

existed in face of concurrent depreciation prevailing

not far distant. There would be very little sense in so

conducting the movement to a gold standard as to

disturb the faith in silver which already is so complete

and assured, or to cultivate a desire for gold where it is

not felt iu the least now. Consequently all those

parts of India in which the rupee remains without

depreciation to- day, notwithstanding the depreciation

of silver everywhere else, would require simply to be let

alone. If the people have been able to live so long in

blissful ignorance of the loss in value of the coin they

have been daily using, they can easily retain the same

beatific attitude with reference to it under a return of

value.

This suggestion appears also to dispose of another

difficulty in the way of establishing gold payments in

India. We refer to the fear that the hoarding spirit

would be increased or tamed more exclusively upjn

gold. Why need this happen ? Of coarse gold is

hoarded now and always has been hoarded. We doubt

whether most readers are aware of the extent to which

this has been practiced during past years. Here,

for instance, are India's net imports and its coinage of

gold for the 35 years from 1858 to 1892 inclusive,

stated in five-year periods. The last column shows the

balance left over and unaccounted for after deducting

the amount minted.

nrOIA'S NET OOLD IMP0BT9, COINAGE, AC—FIVB-YBAB PKBIODS.

Fite-ytarPtriodn. Ntt Gold Impord. OoUuige. JBalanee.

1863-67 .

1868-72 .

1873-77 .

1878-83 .

1883-97 .

1898-92 .

£20,910,754 £364,068 £20,546,686

35,499,097 320,082 35.173.015

21,209,664 144.755 31,061,009

7.-552,016 78.477 7,473.539

9.831,643 77,776 9,753,867

20.005,311 53,044 19,952,267

181,471.682 *5S,e59 18.416,023

Total 35 j-earn £133,480,167 £1,099,861

* Last year"! coinage (1891-92) la estlinated.

£132,380,306

The foregoing is a striking ttokunent. It indioatM forthe last ten years an aooumulation unocooanted for ofx:iH,308,290, or, estimating five dollars to the poundBtorliog, of 1191,841,450—that is to say, an average of

119,184,145 per year. That amount of nearly 200million dollars has during the tea years either goneinto the arts and manufacture or it has gone into the

hands of some one in the original form in which it wasimported. Very likely a portion of it is held by the

banks, and so also a portion of that which has beencoined we assume is held by the banks; but it is evi-

dent enough from these figures that some of the people

of India are hoarding gold, having knowledge enougheven now to appreciate the difference in stability betweenthe metals. To the extent the custom already pre*

vails we may assume perhaps that it will be continued.

But it is unreasonable to say that adding value andstability to silver would lessen the desire to hoard

silver and increase the desire to hoard gold. In-

deed in the districts where the rupee has never depre-

ciated it appears obvious that the change of standard

could have no influence whatever either way on the

habit of the people ; and if the condition of uninter-

rupted convertibility has an influence elsewhere, it

must be to widen the partiality for silver and to lessen

rather than to increase the desire for gold.

Ilence to establish a gold standard, India's need for

gold (in addition to an amount equal to the quantity

heretofore imported and used or hoarded) would, it

seems, be confined to the currency reserve requirements

at the outports and at the chief interior cities. Theonly question which remains then is, what may weassume would be wanted at those points for the pur-

pose stated—would it be large or small ? This part of

the problem likewise not only finds easy solution, but asolution which points to a very moderate figure. Tomake that conclusion obvious it is only necessary to

note another peculiarity in India's industrial condition.

We refer to its foreign trade and to the fact that its

exports of merchandise are always much larger than its

imports. Taking the official foreign trade figures for

the last ten years ending with March 1892, we find

that the balance in favor of India (omitting specie)

has aggregated 3,011,699,550 rupees, or (estimating

the rupee at 10 rupees to the pound sterling) X301,-

100,955; that means a net balance in favor of India

averaging yearly £30,110,995, or say roughly (at five

dollars a pound) 150 million dollars a year. These

facts are very likely familiar to most of our readers,

but this condition of India is so unique, and throws

the question of a gold currency for that country so

entirely out of line with the influences which affect

a gold reserve in the United States or in any European

country, that we take the space to give the >iei results,

in a five-year summary since 1868, of India's entire trade.

INDIA'S NET FOBEIQN TBADE—MEBCIIAMDMB, OOLD AND 8ILVEB.

Ftre-year Net Exportt Ket Imporit Net Importt Iftt Bat-

Periodi, Uerchaiulitt. Odd. Silver, ante,

1863-72 £103,768,651 £21,209,664 £28,975,368 £53,58)3,619

1873-77 107,450.346 7,552,016 16,607,397 83,290,9SS

1873-82 130,016,034 9,831,643 35.738,395 94,399,996

1883-87 146,756,539 20,005,311 39,853,159 86,898,060

1838-92 154,413,416 18,471,682 44,304,750 91,636,934

25 yean. ...£642,104,986 £77,070,316 £165,529,069 £399,803.601

In the preceding remarks we have cited the figures

representing the merchandise trade for ten years. Thecompilation just given carries the record back twenty-

five years; but these totals are very like those stated for

the ten-year period, though for this longer period they

are a little less favorable, because India's development

830 THE CHRONICLE. [Vol. LV,

has been continuous. It appears that for the last quarter

of a century the net favorable merchandise balance has

reached £642,40i,986, averaging about 138J million

dollars per year. An obvious consequence of this con-

dition of India's trade is that there could be no foreign

demand for gold against which in accumulating or

replenishing a gold reserve provision would have to be

made.

As the matter stands then, India's requirement

would be wholly confined to meeting the domestic want.

Every one will see at once how exceptional is the posi-

tion which that state of affairs puts India in. Howa favorable trade balance has operated in the past

with reference to the precious metals is shown in the

last statement. Indeed a table previously given indi-

cates the gold influx even further back—thirty-five

years being covered in five-year periods—and in only a

single year out of the thirty-five included was there a

net outflow, and that was in 1879, and then the net

adverse movement was only £880,173. Moreover there

has been during the same years, and as another result of

the same situation, a net influx of silver several times as

large as the gold, aggregating for twenty-five years, as

will be seen in the last table, £165,529,069, and aver-

aging £6,621,163 per year, or say, at five dollars per

pound sterling, 33 million dollars annually. In other

words, this favorable balance has enabled India to pay

all her indebtedness to the outside world for interest

&a., and in addition thereto has compelled the world

to pay her this large amount annually in gold and

silver. Consequently when once a gold standard has

been established India would be fortified by the condi-

tion of its foreign trade against any foreign depletion

of its reserve, and, to repeat what we have already said,

would have to carry only such an amount of gold as

domestic requirements might make necessary.

"We may therefore sum up the results thus far dis-

closed briefly as follows :—(1) that to establish and,

under existing circumstances, to maintain gold pay-

ments in India would require only a minimum stock of

gold, and consequently only a minimum supply would

need to be drawn from the world's stock; (3) that the

only requirements its government would have to makeprovision against would bo the ordinary domestic

wants, and those wants would be confined mostly to the

outports; (3) that there is no cause for anticipating an

increased disposition to hoard gold unless forsooth it be

claimed that a lack of faith would be felt in India's

ability to sustain her new position, which under the

conditions as they now exist is a claim wholly without

reason ; and finally (4) that the facts cited justify the

general conclusion that no serious difiiculty can be

encountered by India, and no considerable disturbance

at European monetary centres need be feared wereIndia to undertake to put its currency on a gold

basis.

TffB REGENT LONO-AND-SHORT-HAVLDECISION.

It seems desirable to correct certain misapprehen-sions that have arisen regarding the scope and purportof the recent decision of the United States CircuitCourt of Appeals (a new appellate tribunal created last

year) in a case involving the application of the long-and-short-haul clause of the Inter-State Commerce Act.The impression exists in some quarters that the deci-sion marks a construction of the provision in questionwhich is entirely new in all its features, that it involves

a complete change in railroad methods and practices,

and that it is diametrically opposed to the rulings of

the Inter-State Commerce Commission. Such impres-

sion is only partially well-founded. Wiiile the decision

is very broad and the Court has gone much further

than the Commission in seeking a liberal interpretation

of the statute, yet the Commission has time and again

made rulings very similar in nature, and differing only

in the degree of latitude allowed the railroads in their

operations under the fourth section of the law. Only

this week (in the case decided on Thursday and pub-

lished at length in another column) the Commission

reaflirmed some of its previous rulings bearing on the

question, though the points raised were not the sameas those considered in the present instance.

The case before the Court of Appeals was a

comparatively simple one, and in its general out-

lines involved no intricate or disputed points. Thematter came before the Circuit Court of Appeals

on appeal from the U. S. Circuit Court for the

Southern District of Iowa, where the plaintiff, JohnOsborne, had recovered a judgment for $335 against the

Chicago & Northwestern Railway Company for alleged

over-charges on corn shipped from Scranton, Iowa, to

Chicago. It appears that in January 1888, according

to a tariff in force at that time and duly published, the

local rate on corn from Scranton to Chicago was 18

cents per 100 pounds. It furthermore appears that at

the same time the Northwestern, in connection with

the Eastern trunk lines, was quoting joint through

rates on corn from Blair, Neb. (a point farther west

than Scranton), to the Atlantic seaboard at New York,

Boston, Philadelphia and Baltimore, and that on such

through shipments the Northwestern received only 14^

cents as its proportion of the through rate, whereas the

local charge, as we have seen, for the shorter distance,

from Scranton to Chicago, was 18 cents. There was no

attempt at discrimination between different shippers

—

all were treated alike, the local charge, Scranton to Chi-

cago, being uniformly 18 cents. The joint tariff at the

lower proportional rate was also open to all, apparent-

ly, but it was not published at Scranton, and as no

knowledge was given to or possessed by the plaintiff

until February 24 (of the same year) he made no appli-

cation for shipment beyond Chicago. After that date,

however, he shipped through to the seaboard and ob-

taiued the benefit of the through tariff the same as

other through shippers.

It will be observed from this brief synopsis that,

practically, only two points were raised—namely, the

obligation to publish joint rates and the right to

accept less than the local charge as the proportion of

a through shipment. As to the first of these poiats,

the Court disposed of ib with very little trouble. The

over-charge alleged occurred, as we have seen, in the

early part of 1888, before the Inter- State law waa

amended. The Court points out that the only re-

quirement of the law regarding joint tariffs was that

each common carrier furuish the Commission a copy of

all joint tariffs, and that it was left to the Commission

to determine the degree of publicity to be given to the

tariffs. In this instanc3 no publication of the joint

tariff had been ordered by the Commission—at least

as regards Scrantofa, which was a non-competitive

point. The Judge says (the opinion was by Judge

Brewer), it avails the plaintiff nothing that he was un-

aware of the joint through tariff at the time of his

shipments. No false statement was made to him, and

he did not inquire as to its existence. The defendant

November 19, 1803. J THE CHRONICLE. 831

was under no common-law or statuto obligation to

advise the plaintiff where or how ho had better ship

his grain; it fulfilled its legal obliga'tion when it pab-

lished its local tariff and advised him truthfally as

far as ho made special inquir}'.

The matter hence resolved itself into the question

whether it was legal to charge less on through than on

local shipments over the same road. This question, as

already intimated, the Inter-State Commission had

many times answered in the affirmative. In a letter

addressed by the Chairman of the Commission to an offi-

cial of one of the freight associatioDS, about 3^ years

ago, we find the following language: "The Commission" has repeatedly held that it is not necessary that the

" proportion a railroad shall consent to receive of a

" through rate should be the same as its local rate for

" transportation over an identical line." And rulings

to that effect were made in a great many different cases

that came before the Commission. In Lippman & Co.

TS. Illinois Central KR. they declare that "through rates

"are not necessarily illegal which, when divided be-

" tween carriers, give them less than their local rates."

In MoMorran vs. Grand Trunk Railway of Canada, the

statement is that " through rates are not required to

" bo made on a mileage basis nor local rates to corre-

" spond with the division of a joint through rate over

"the same line." In New Orleans Cotton Exchange

vs. Cincinnati New Orleans & Texas Pacific Railway,

the language is that " the proportion of one carrier in a

" through rate upon a long haul often is, and fre-

" quently well may be, considerably less than its local

" rate for hauling the same freight over its own line

" without there being any unjust discrimination, un-

*' lawful preference, or extortion, involved in such a

"method." Again in Poughkeepsie Iron Company vs.

New York Central & Hudson River Riilroad the decla-

ration is that " the doctrine that an estimated propor-

" tion of the through rate must not be less than the

"local rate from an intermediate point to another

" point named on the line covered by the through rate

" has often been held by the Commission to be unten-

"able", and in Chicago Rock Island & Pacific vs.

Chicago & Alton the language is that " where prop-

" erty is to be transported by rail by continuous and*' uninterrupted carriage from one station to another,

" there may be sound and legal reasons for making a

"charge for the through transportation which is less

" than the sum of the locals for the transportation of

"like property from point to point between such

" stations."'

We have not attempted to give these rulin gs in the

order in which they were rendered, and of course they

did not all involve facts precisely analagous to those

raised in the Circuit Court of Appeals; but they

serve clearly to show the views of the Commission and

its course in that regard. The juiicial character of

the Court's decision of course gives to it an importance

and a value which, in the nature of things, could not be

claimed for the rulings of the Commission. There U,

however, a further and important point of difference

between the two. The Commission always sought to

restrict the application of the doctrine lîd down by it,

and to limit, wherever possible, the discretion of

managers under it, so as to guard against too muchand too great license on their part. The Court, how-

ever, states its decision in terms such as to give the

widest possible application to it within specified limits.

It even furnishes a hypothetical case to indicate just

how far it might be permissible and legal for a road to

go. Says the Judge: "On the defendant'* rotd thedistance from Turner to Chicago is 30 miles ; oa tlwLake Shore lino from Chicago to Cleveland it ii 200 or

300 miles; the defendant company may charge 15

cents for transporting grain the 30 miles from Taroarto Chicago, providing that be in fact only a reasonable

charge for the service, although the Lake Shore Com-pany charges no more for transporting it from Chicago

to Cleveland ; and the fact that the rate on each line

is 15 cents for the distance named will not prevent the

two companies from making a joint tariff for graia

shipped from Turner to Cleveland of 12 cents, lens than

the local tariff' of either." That ia certainly a verj

broad and sweeping declaration. In the ruling of the

Commission first above mentioned (Lippman & Co. rn.

Illinois Central RR.), to the effect that throngh ratee

are not necessarily illegal which give to each carrier

less than the local rates, the important proviso was

added that the through rate itself must not be less than

some one of the locals. But the Court of Appeals,

we see, expressly declares that the throngh rate maybe less than either local.

Here then the Court goes a step further in the appli-

cation of the principle laid down than the CommerceCommiesion ha3 undertaken to go. But the Court at

the same time defines the limits within which the rule

is to be applied. It saya that there is no intention to

intimate that the two companies with a joint line can

make a tariff from Turner to Cleveland higher than

from Turner to Buffalo, or for any other intermediate

point between Cleveland and Buffalo, "for when the" two companies by their joint tariff make a new and

"independent line, that new and independent line may" become subject to the long-and-short-haul clause.

"But what we mean to decide is, that a through tariff

" on a joint line is not the standard by which the

" separate tariff of either company ij to be measured" or condemned."

*

From what has been said it will be seen that the

Court has interpreted the long-and-short-haul clause

not as regards its bearing upon a line composed of a sin-

gle road, but in its bearing on a line made up of several

roads. The distinction is not imaginary. For the

Court points out that a joint tariff does not bind road

to road in the sense that the two are used or operated

by either corporation. "There is neither unity of

"ownership nor unity of operation, but only a single-

" ness of charge and a continuity of l>ransportation over

" connecting roads. Neither is there any mandate to" connecting companies to surrender any control over

" their own roads or to unite in a joint tariff." * • *

" The whole matter is left to the voluntary action of

" the companies, and in forming by agreement any" joint tariff, the basis of division and the proportion of

" money each shall take is also a matter left to their

" determination." The Court likewise points out that

the denunciation of the fourth section is against each

separate carrier for its violation of the long-and-short-

haul clause on its own line. And the Judge lays stress

on the use of the word "line" in the prohibition of

a greater charge for a shorter than for a longer dis-

tance. "The use of the word ' line is significant,"

he says. "Two carriers may use the same road but" each has its separate line. The defendant may" lease trackage rights to any other railroad company," bat the joint use of the same track does not create

" the 'same line' so as to compel either company to

"graduate its tariff by that of the other." By this

process of reasoning the Court reaches the conclasioa


that there •was no yiolation of the long-and-short-haul

clause by the defendant in respect to its own line;

"nor did the defendant, acting with eastern com-

" panies, on the line made by its road in connection

" with theirs, charge or receive for grain shipped from

" Scranton or any point west, to any eastern point,

" less than a through tariff. In other words, the de-

" fendant did not separately, or in connection with

" other companies, violate section four."

HOADg INCLUOEO THIS TEAR BCT NOT LAST YEAR.Atlanta & Florida,Brooklyn Elevated,CaroUua Midland,Colusa & Lake,Duluth Soutli Shore & Atlantic£lgin Joliet & Eastern,Evansvills & Kichmond,luteroceanic (Mex.),Kan. City Wyandotte * N. W.,

Maaistique,Eio Grande Southern

,

St. Joseph & Grand Island,St. Louis Kennett & Southern,Sandersville & Tenuille,Silverton,Western Maryland,Wrightsville cS, Tennille.

OUE MONTHLY RETURNS OF EARNINGS.

In seeking to interpret our October compilation of

earnings, as published by us in the issue of last Satur-

day, the "Wall Street Daily News of this city makes the

following remarks. We are led to print the extract

because we have observed similar comments from time

to time in various quarters, and it seems desirable in

the interest of reliable conclusions to correct the error

which they embody.

The returns are not so full as for the previous year. This

is rather curious, although it must be remembered that as

returns are made out by weeks, and the report of October earn-ings is published earlier than it was a month ago, a less numberof roads and smaller mileage is reported. In commenting uponthe returns for September we called attention to the fact that

the Chronicle had fewer returns on account of the date of its

publication. Ttie September returns of gross earnings were giv-

en up to the loth; the November returns only appear up to the

12th, and on that account they must necessarily be deficient.

This will in a measure explain why the October returns havebeen received from only 132 roads, which is the smallest num-ber recorded for that month in three years. It is not becausethe railroad companies have refused or have delayed the pub-lication of the figures, but because it was too early to returnany fair report. This of course shows that the figures for ninemonths also cover a smaller mileage than in either of the last

two years, and naturally the increase for October and for thenine months is the smallest since 1888.

Three weeks ago, in an article on the " Tendency

Towards Railroad Consolidation," we set out quite at

length the reasons why the number of roads now con-

tributing returns to our statements is less than a year

or two ago. In brief, one of the main reasons is that

so many of the smaller roads have been absorbed by

the larger ones, and now appear only in the latter. It

•was found for instance that the Cleveland Cincinnati

Chicago & St. Louis now includes the Cleveland Colum-

bus Cincinnati & Indianapolis, the Cincinnati Indian-

apolis St. Louis & Chicago, the Indianapolis & St.

Louis, the Cincinnati Sandusky & Cleveland, the

Cairo Vince»nes & Chicago and the Cincinnati Wa-bash & Michigan, all of which at one time made sepa-

rate reports to us ; and that the Norfolk & Western in-

cludes the Shenandoah Valley, the Scioto Valley & NewEngland, the Lynchburg & Durham and the RoanokeSouthern, and that a great many other roads have dis-

appeared in the same way. We cannot go over again

the ground covered by our previous article ; but as it

seems to be thought that the fact that the statement

was compiled earlier, accounts mainly for the falling off

in the number of roads, it will be interesting to com-pare with the statement for last year and see howmany roads have dropped out, and the reason for their

disappearance.

Of course under ordinary circumstances the earlier

publication of the statement would mean fewer returns,

but we use the telegraph so extensively in collecting

these returns that we are able to overcome almost en-tirely the difference in time. Perhaps the best proofof this is furnished in the large number of roads con-tained in the present year's compilation, but which didnot have a place in last year's. Here is a list of theseroads.

Thus, notwithstanding our paper went to press twodays earlier this year, the statement embraced no less

than 17 roads which did not appear a year ago. If

none of the old roads had dropped out, therefore, the

aggregate number of roads reporting in 1892 wouldhave been just that much larger. It happens, how-ever, that quite a good many roads did drop out. Wegive the list arranged under two separate heads.

EOADS WHICH HAVE DROPPED OCT EECACSE MERGED IN OTHERS,Jfame. JBy Whom Absorbed.

Cincinnati Wahash & Michigan Ciev. Cin. Chic. & St. Louis,Chattanooga Union Alabama Great Southern.Louisville Sew Orleans & Texas Illinois Central.Des Moines & Northern Des Moines North. & Western,Lynchburg & Duiham Norfolk & Western.Milw. Lake Shore & Western Chicago & Northwestern.Mobile & Birniiugham East Tennessee.Konie Watertowh & Ogdensburg New York Central.Atchison—lines half owned Atchison system.St. L. & San Fran.—lines half owned. .St. Louis & San Fran, system,ROADS W HICB HAVE DEOPPBD OCT BECAUSE RETURNS ARE NO LONGER

REOULARLT FDRNISHED.Illinois Central.Cape Fear & Yadkin Valley.Florida Central & Peninsular.LiKie Rock & Memphis,Prescott & Arizona Central.

Richmond & Danville,Virginia Midland.Char. Col. & Augusta,Col. ife Greenville.Western Xoith Carolina.Georgia PaciHcWash, Ohio <fc West.Ashevllle & Spartanburg.

We have included the Illinois Central in the second

group above because the company has not for several

months furnished regular monthly statements, though

yesterday it kindly gave us the figures back to the 1st of

July. The first group in the foregoing embraces no less

than ten roads which no longer count as separate roads,

simply because they no longer furnish separate returns,

being merged in others. The second group comprises

as many as thirteen roads. These are missing from

our statements not because we closed the table earlier,

but because the companies have stopped giving out

figures each month. The only large or prominent com-

panies included in this group are the Illinois Central and

the Richmond & Danville, the latter however com-

prising eight roads. The mileage in this second group

is over 8,000 miles, and if we had been able to secure

returns from those roads the total mileage represented

in our table would have been larger even than last

year's exceptionally large total of 100,000 miles. As

concerns the number of roads, it will be observed that

in the two groups together there are 23 roads, and with

these included we would have 155 roads this year

against only 147 roads last year. And this is inde-

pendent of eight roads which are missing from this

year's statement for other reasons, namely the Balti-

more & Ohio, the Nashville Chattanooga & St, Louis,

and six minor roads—the Birmingham & Atlantic, the

Duluth & Winnipeg, the Cleveland & Marietta,

the Sioux City & Northern, the Chesapeake Ohio

& Southwestern and the Savannah Americus &Montgomery. The Baltimore & Ohio never appears in

time for our monthly statements, and its inclusion last

year was owing to an entirely exceptional circumstance.

The Nashville Chattanooga & St. Louis returns are

not made up till the 12th of the month, and hence in

that case the figures could not be obtained in time for

our statement last week. But that road, and possibly

also the Sioux City & Northern (two roads alto-

gether), are the only ones which were barred out by

reason of such circumstance—that ie, by reason of the

early publication of the statement. In fact, out of

the eight roads mentioned we have, even at this date,

only four, including the two named.

NovKiCBUt 10, 1808.] THE CHRONICLE. 888It is alao a mistake to assume that the inoreaae in the

total of earnings has been diminished by the reduction in

the number of roads and the mileage. The increase ia

small because tlie conditions wore unfavorable, as fully

explaiuod in our article last week. There is no reason

whatever for thinking that the gain would have been any

heavier with the figures of the Illinois Central, the

Bichmond & Danville and the other roads included.

The probabilities are rather that, in view of the unfa-

vorable conditions, it would have been less.

COTTON MANUFACTTJRINO AT FALLRl VER IN 1892.

The results of the operations of the cotton-manufac-

turing establishments at Pall River for 1892 are very

satisfactory, and furnish a decided contrast with like

figures for the preceding year. A number of corpora-

tions which had to suspend the payment of dividends

in 1891 in consequence of the poor business done are

again making some return on the capital invested,

while almost all the other establishments hive in-

creased their rate of distribution—some very materially.

The causes tending to the more fnvorable exhibit this

year were fully set forth in our annual crop report last

September, and it is therefore unnecessary to further

refer to them here.

Inability to obtain official returns from many of the

mills, owing to the unwillingness of the managment to

make public the details of their operations, prevents

an extended comparison. We have, however, been able

to prepare a statement covering fourteen of the corpora-

tions, which, it will be observed, reported net earnings

the past year of $1,399,249, against 1709,396 in 1891

and $1,137,001 in 1890. The capitalization of these

companies is $8,880,000, and consequently the ratio of

earnings to capital was in 1892 nearly 16 per cent,

whereas in the preceding year it reached less than 8

per cent and in 1890 was over 12^ per cent. Taking

the results of these fourteen establishments as a fair

indication of what has been accomplished in the mills

•collectively, it is safe to assume that the year 1892 has

been one of the most favorable in the history of cotton

manufacturing at Fall River. A point that must

not be lost sight of in considering the subjoined state-

ment of earnings is that in most cases the figures re-

ported are net, after making allowance for depreciation

of existing plant, etc., a fact which serves to emphasize

the present year's satisfactory showing. The table re-

ferred to is as follows.

Border City Mfg.Chacf MillsFlint MillsGranite MillsHiirjfravos MillsKiDK Philip MillsLaurel Lake MillsMercliauts' Mfg. Co....Narraeansett Mills.

1892Co $150,862

51,42075,94483,693110.000163,6tf036,774

129,0U057,233

Richaril Borden Mfg. Co 105,429Sattamore Mfg. Co 147,120e«aeonnet Mills 61,398Stairord Mills 142,632Xecumseli Mills 80,084

-Net Eamingi-1891

$80,90030,61737,93342,15445,432161,68915,34136,33240,71169,00073,0004,500

43,14528,642

1890.$121,4.->1

42,39067,779

100,94263,8S8169,36855,41269,21261,00081,00086.55936,000

122.00050,000

Total $1,399,249 $709,396 $1,127,001

Considering the above in connection with the state-

ment of dividends for the year, it becomes clear that

in most instances a good surplus has remained after

the payment of dividends to be applied towards the

extinguishment of existing debts, or further improve-

ments, or to be carried to surplus account. There are

a number of mills not included in the above compila-

tion solely because we have the figures for only two

'"ears. It is worth noting, however, that the Fall

River Mfg. Co., which made a loss last year of aboat$21,000, haa earned $12,000 net in 1802. The Kob«>son Hills has net this year of $17,328 againitt a loss in1891 of $6,060.

Taming attention next to the matter of dividends,

we find that thirty-three corporations, representing »capital of $18,858,000, have distributed a total of

$492,780 during the last quarter of the year, or anaverage return to the shareholders of 2 '61 per oentfor that quarter, whereas the amount paid out in th«same quarter of 1891 was only 1*30 pe« cent Tb«details are as follows.

rocBTn quABTiBI8BI and 18M.

AmerlGAn Linen CoBarnabr Mnuaf'ir Oo......Barnard Manufir CoBordar Citr Manura Co.Boame Miltft

Chaoe HillsConaniont MillsI>avol MillsKail HiTxr ManariOo...Plllll Mills(ilobo Tarn Mills(irun te MillsHarffrnves MillsKins Philip MillsI,aarel Lake MillsMeohantos* Mills...Morcbanta' Manufir Co..

.

Motaoomet Manuf'gCo...Narragansett .Mills...Oaborii MillsPooasset Manuf'g Co.

"" iMfB. Co.illoh&rd Borden

liobeaon Mills— .

SiKamore Manut'K Co ....

Seaconiiet MillsShoye Mills.SladeMlll"Stafford MillsTecumêh MillsTr.iyC't. & W MfjT. Co...Union Co'ton ManT'K (30.Wampanoaif MillsWeetamoe Mills

OapltaLDMdtuU UM. DiPiamat IRBt.

P. O. Amoitnt.,P. C.

1800 000<0O.0OOl880.000

1,000.000:400,0001DOO/WOl1*0,^400,000180,000680,000!

I,«i0,000400,000400.000

LOOO.OOO400,000700.000800,000IWH.OOO400,000eoo.oiio8<O.0OO<SOO.OOOiSHO.OOO800.000400.000S&J.OOOoso.ooofi00,0U0900,0003UO.O0O790.0007S0.0OOSSO.UOOi

«»»

3aBm8a1

8+4

i«

8IH|«58

Totals tia.'gS.OOOl 261

184,000 .

«,ina60,000i«,aooi10.000l.400ia.oooa.iMo17,400M.onol80,000•,000

iS.iOO8,000

19,0101«,0008,8808.00084.00018.00010,0003.000

87.00018.00011,0008.380

80.00010,000Ift.oOO82.900ii.av)11.000

iiJ

eilW.7t!0

4"*8

Inermvr

Dterm

IH

1

{«

10.0004.8M

80.0'

«

18,000SMO8,400

8,7001^00018,0000.0001MiOOol8.0U0

18.000

4,0t018.000

18/)00

13,9'

4,0000.900

"iS.MO9,000

"iijsia

ta40.tao

+84.000

+«.oo$

-HU,«(^

+i»;

fViJiB+11.000

+89a,a8ft

• On $000,000. t Semi-annual.1 4 per oent on account saloa of real estate.

It is, however, in the distribution for the whole year

that principal interest is felt, and in the following table it

is seen that thirty-four establishments, with an aggregate

capital of $19,858,000, have returned to shareholders

$1,492,260 in 1892, or an average of 7'52 per cent, against

only $914,850, or 4-93 per cent, in 1891. The exhibit

in detail for 1892, compared with 1891, is as follows.

TEAB81801 and 1808.

American Linen CoBarnabr Manafac'K Co....Btimard Manufac'g CoBirder Citr ManX'i Co...Bourne MillsChace Mills...Conanlout MillsDavol MillsFall Rlrer Manarg Co....Kllnt MillsGlotw Vam MUlsUranite HillsHargnves MillsKerr Thread CoKing Philip Mills.Laurel Lake Mills.Ueohauios' HillsMerobants' MannfaolR Co.Metacomet Man'f'g Co. . .

.

Narragansett MillsOsbom MillsPoeasset Maaufacfg Co..Klcliard Borden M'f'g Co.Robes'^n MillsSaffsmore Mfg. CoSeaoonnet MillsShOTS Mills ..'.

Slade MillsStafford MillsTeoomseh MillsTrorCot. 4 W. Mfg. Co....Union Cotton M'f'gOo....Wampaaoag MillsWeotamoeMIUs

Capital.

Tptals

1800,000400,000330,000

1,000,000400.000800.000180.000400,000180.000980.000

1.800.000400,000400,000

1,000/1001,000,000400.000780,000800.000888.000400,000000,000800.000800.000860,000800,000400.000990,000880.000800,000eoo.oooi!00,000780,000780,0009M,000

819,888,000

DividtniU 1808.

P. 0.

18IS

?«

88816687

f*7887

6378

4V7>i7IS1858

t«0,0OO88,00083.100

180,000•4,00087,6008,800

34.0003,600

46,40080.OOO64,00034.00080.00070,00088,00048,00096.C009.760

80.00042.00048,00048,0007,800

•8,00088,00041.28084.79060.00088,00098,00080,00087,80011,000

tl.488,a«0

Dividend! 1881.1 increami

or\int. DecreamP. O.

19

V*18

8

8

}«

8

t4-8a

l8.ao<'80,0008,880

80,00048,00088J004,80»lS,O0u

-^88.000I- 18.000•«-l4,8B»+40,000+16.000+19.000+8.400+6.000+3.600

+11.000-H«4.00O+18.000

'-Hi.oo6+48.000+6.00048.760

80.00036,000 -.6.00084,000- +84.00038,000 : +18.0009.HIK

I+8.800

40.8001 4-^J.aOO80.000 +18.000

81.80078.00088,00081,000

70,00084,000

48.000

87.900

40.dOO88,000I3,<)00

18 80,0007,800

•814^00

+13.7S0+84,780+80,000+10.00*+»7.000

+30.000+11.0(.O

+a»n.4H>

* On 8800.000.t On capital of 818,688,000.

It will be observed that the Hargravea, King Philip

and Narragansett mills and the Union Cotton Mfg.

Co., pursuing a very conservative conrse, have merely

maintained the previous years' ratio of distribution.

All the other mills, however, have distributed greater

amounts, and in some cases the increase is heavy. Ia

fact, the American Linen Co. paid out but $8,000, or

1 per cent, last year, but in 1892 distributed $60,000,

or 7i per cent. The Kerr Thread Co., a new corpora-

tion, has distributed to its stockholders $80,000, off

834 THE CHRONICLE [Vol. LV.

8 per cent on the capital invested. The Mechanics'

Mills has paid 6 per cent this year, against nothing

in 1891, and so on all through the list. To furnish a

more comprehensive comparison, we have prepared

"the following, covering the years back to 1886 :

— Divideruts.

Years.1892..1891..1890..1889..1888..1887..1886..

In

Companiei.Number. Capital.

343a3333333333

$l9,8i8,O0O18,.558,00018,658,00018,.=' 58,00017,608,00017,204.70016,116,200

Amount.»1.492,260

914,8501,420,870].«50,7001,696,0101.427,9901,047,550

1892

P. c.7o34-937 629-979-638 '306-50

with

mustcomparing the ratio of dividend in

that of such years us 1889, 1888 and 188?, one

not lose sight of the fact that the poor results in 1891

led the management of many of the corporations to be

jnore conservative in the distribution of profits.

The mills are still doing a profitable business, and

the outlook for the future appears to be satisfactory.

It should be remembered, however, that the price of

the raw material has advanced rapidly withia the past

two weck^, middling being quoted in this market to-

night at 9:^^ cents. Oa August 31 the quotation was 7|

cents, showing that in about two and one-half months

there has been an increase in price of 2^ cents per

pound. During the same period quotations for goods

have only slightly advanced. Furthermore, the manu-

facturers have agreed upon an increase in the wage

scale of about seven per cent, such increase to go into

-efifect on the first Monday in December. It becomes

clear, consequently, that except in the case of those

mills which laid in heavy stocks of cotton when it was

ruling low, the margin for profit has been considerably

narrowed. la fact it is currently reported that while

«ome mills have enough cotton on hand to last until

August, a majority of them are not supplied beyond

the first of April,

THE BUFFALO ROCHESTER <& PITTSBURG.In this country the very large systems occupy such a

prominent position in public discussions that one ig

apt to overlook the growth and development of the

smaller roads. In the Buffalo Eochester & Pitts-

burg we have a conspicuous instance of growth

on the part of a road whose aggregate mileage can

hardly be regarded as large. According to the annual

report just published gross earnings in the year ending

June 30 1893 were $2,999,662—in round numbersthree million dollars. Going back two years we find that

in 1889-90 the gross was $1,979,624—that is, less than

two million dollars. Hence in this short interval the

revenue has been added to over a million dollars, or 50

per cent. The company has been very liberal in mak-ing repairs and renewals during the two years, so as to

place the property in condition to do the rapidly-grow-

ing business, and hence net earnings have not increased

projiortionately as fast as the gross, and yet the net in-

come of $917,039 for 1892 compares with only $675,587for 1890.

One naturally looks for a special favoring cause in

explanation of this very marked expansion in business

in so short a time, and we find it in the change in

the ownership of the property which occurred early in

1890. Like the Western New York & Pennsylvania,whose report we commented on last week, the BuffaloRochester & Pittsburg is engaged very largely in thetransportation of Pennsylvania bituminous coal toBuffalo and Rochester ; and in April 1890 parties in-

terested in the Bell, Lewis & Yates Coal Mining Com-pany secured control of a majority of the stock of theHochester road, and the company mentioned at the

same time guaranteed to ship not less than half a

million tons of coal annually over the road for the

ensuing five years, giving an important addition to

the large coal traffic which the road previously had.

Last May a traffic contract was also entered into be-

tween the Eochester & Pittsburg and the Beech Creek

(through the New York Central as lessee) and the

Philadelphia & Reading. By this contract the Roches-

ter & Pittsburg agrees to build a connecting link of 26

miles from a point 3^ miles south of DuBois on its line

to Clearfield on the Beech Creek. As the latter road

connects with the Reading at Williamsport this link

will form part of a through line to points on the Read-

ing system, and important benefits are expectei from

the same. As now constituted, the Eochester has lines

to Lake Erie (Buffalo) and to Lake Ontario (Eochester

and Charlotte), and through the Reading connection it

will be given an outlet to the Atlantic seaboard.

The road in the late year suffered a further reduc-

tion in i^s average freight rates, the average dropping

to only 59 hundredths of a cent per ton per mile, that

is, less than six mills per ton mile. Of course the

large coal tonnage makes low rates a necessity, since

bituminous coal will not bear high transportation

charges, and of course also the sharp comiDetition prevail-

ing enforces a tendency to the same effect. Since 1889

the bituminous tonnage has risen from 991,800 tons to

1,675,684 tons ; coke, from 214,930 to 328,976 tons,

and anthracite coal from 54,317 to 76,481 tins. But

it must not be supposed that there has not been growth

in other sources of traffic. Thus the salt traffic has

risen from 84,883 to 123,548 tons; forest products,

from 221,217 to 250,884 tons ; vegetable food, from

60,161 to 90,582 tons; animal products, from 10,652

to 19,966 tons ; manufactures, from 27,019 to 38,470

tons ; merchandise, from. 30,643 to 56,030 tons, and

various miscellaneous articles, from 73,519 to 182,785

tons. Aggregate tonnage of all kinds ha? risen from

1,770,219 to 2,844,466 tons, and the tons one mile

from 231,239,177 tons to 405,646,685 ton?. Passenger

traffic, too, shows gratifying expansion, the number of

passengers carried having increased over 50 per cent

since 1889, or from 507,706 to 762,512, and the num-

ber one mile from 12,415,269 to 15,687,269.

The road's charges are not large in proportion to its

earnings—thanks to the effective reorganization made

a few years ago—and last February dividends at the

rate of 5 per cent per annum were begun on the pre-

ferred stock. After meeting all charges and paying

out $54,854 for extraordinary expenses, besides making

very heavy repairs and renewals, as already mentioned,

a balance of $193,594 remained on the operations of

the twelve months The campany charged $150,000

for the dividends on the preferred stock (two dividends

of li per cent on $6,000,000 of stock), and this left a

surplus of $43,594. These results do not include any

profit from the operations of the Roohester & Pitts-

burg Coal & Iron Co. for the same year, the whole of

which stock the railroad company owns. An increase

of $650,000 in the bonded debt of the road is reported

for the year ; it is stated that the funds were applied to

the reduction of the floating debt caused by expendi-

tures for new construction and rolling stock made in

recent years. The balance sheet shows $518,597 of

current liabilities June 30 1892 (including $201,717 of

bills payable) and $107,065 of charges accrued but not

due. The current assets on the other hand at the same

date amounted to $749,330, excluding $286,635 of ma-

terials on hand.

NOTBMBBB 19, 1803.] THE CHRONICLE. 885

NETEARNINGS FOR SEPTEMBER AND THENINE MONTHS.

If our September statement of net earnings reflocts

cnljr indifferent results in comparison with the earn-

ings for the corresponding month last year, the reasons

for such a showing are obvious and on the surface.

While the grain movement as a whole in that month of

this year waa a great deal heavier than for the samemonth of 1891, the movement of spring wheat in cer-

tain sections of the Northwest fell below that of a yearago, and as a consequence some of the roads in that

section sufltred a loss in earnings. In the South there

was a heavy falling of! in the cotton movement. Thenalso the tendency towards augmented expenses hasagain been an important factor in affecting net results,

though in some cases there has been a modification of

that tendency, and in a few special instances an abso-

lute reversal of it. Finally, the comparison is withvery good earnings last year, September then havingyielded exceptionally favorable results.

In the aggregate our present statement shows a gain

of $1,947,051 in gross earnings and a gain of $235,019in net earnings. The ratio of increase is 2*92 per cent

in the gross and but 0-95 per cent in the net. That thij is

a much smaller improvement both as regards gross andnet than in most of the preceding months appearswhen it is noted that for the nine months to September30 the increase over 1891 is 6-03 per cent ($34,975,295in amount) in gross and 3 24 per cant (*6,068,702) in

net. In this latter period, it is proper to state, we are

able to include a number of roads which will not fur-

nish regular monthly returns. In tabular form thecomparison is as follows :

In view of the numerous largo g<iina loat year, ifc

might be supposed that there would be rery foir itrik-ing gains the present year, and yet there are (Ire Urg»companies which each report over a quarter of a millioadollars increase in gro8^ namely the Burlington St

Qainoy $422,402, the Atchison (including the San Fran-Cisco and Colorado Midland) $302,782, the MissouriPacific $317,033, the Baltimore & Ohio $281,798 andthe Union Pacific $266,168. These are all roads whichit seems reasonable to assume profited very largely bythe heavy grain movement. In the net, like vise, theraare some largo gains, and from the same roads, the Balti-

more & Ohio leading with $205,826, the Atchison hay-ing $202,610 increase and the Burlington & Quincy$105,323. Besides these there are several gains for less

than one hundred thousand dollars from roads in dif-

ferent parts of the county. In the following we bringtogether in our usual way all increases and also all de-creases above $30,000 in amount, both in gross and net..

PRINCIPAL CIIAXOKS IN GROSS ABXtNOS 15 nRPTR.lIBER.Increases.

Chlo. Bur. A QiUd $422,462Atoh. HiulSiiu Kr.(3 rOs) 362.792

Oroâeam'sOper. exp...

Net ejim'n

Scf'm'wr.

1893.

88,539,813

4S,837,«50

21.002.1113

1881.

s80,502,662

« 1,935,4 18

24.687.144

Increaie.

«1,917,051

1.712,03S

2.15,C1!

January 1 to September SO,

I'laa roodt.)

1892.

114.820,953

121.582,003

679,815.058

392.075,412

i»:i.2.<!«,n48 1

Increate.

84.975,295

28,908,593

8,0J1{I,702

(3 rOs) 362.792Missouri Pncltlo 817,633Bait, it OUlo (2 rdsi 281,078Uuion Pacific (9 r<l»)... 266,168Nor. A Western 97,418Clev. C. C. A St. L 92,713Mexican National 84,472Louisville A Nashv 84,019Central of New Jersey. 71.660Wisconsin Central 69,633Lake Erie A Western.. 52,321Wabash 50,000t Pennsylvania (4 rds.).. 47,0:!9SunimU Rrancb(2 rds). 46,431St. Paul A Duluth 46,341cues. A Ohio 41,125Rio Or. Southern 39,436Canadian Pacific 39,372

Increases.Louts.N.A. AC $36.4.51Buff. K. AP 33,361Tol. A Ohio Cent 3 1 ,998-Tol, St. L. A K. C 31,789Cblc. AW. Michigan... 30,710-

Total (representln<|[• 39 roads) .$2,077,303

Decreases.Phil. A R and C. A I. Co. 405,660South'u Pac. Co. (erdj.) 191,55aOreitou Imp. Co 79,590Cln. N.O. AT. P. (5rd8.) 61,342:Northern Paclflo 49,650South Carolina 35,438Nash. C. A St. L 31,828

Total (rcpresentlnn17 roads) $355,114

t The Bross on Eastern lines decreased $61,533 and increasedWestern lines $108,562.

PKINCIPAL CKANOeg IN NET KARHIKOS IX SEPTEiTIBEU.increases^

Biilt. A Ohio (2 rds.) .... $203,920Atchison system (3 rils.) 202,610Chic. Bur. A QuincyPhll.AK.iindC. AI.Co.Northern PaoltloChes.AOhioCentral of New Jersey.WlBcon.>iln CentralUnion ParlilcO roads).Mexican National

We have said that the comparison ij with heavyearnings la t jear. As a matter of fact, in the im-

provement shown September was one of the very best

months of that year. The gains from the Union Pa-cific, the Reading, the Atchison, the St. Paul, the

Burlington & Quincy, the Northern Pacific, the Cana-dian Pacific, and many others, were not only very

large in gross but also in the net, and in this improve-

ment at that time every leading group participated. In

the aggregate then oar statement showed no less than

$4,59-1,055 increase in gross and $2,329,352 increase in

net. Carrying the comparison further back, we find

that in 18'JO and likewise in 1889 the increases in Sep-

tember were very heavy, 1890 having shown *-t, 626,198

gain in gross and $938,766 in net, and 1889 $4,241,369

gain in gross and $3,204,595 in net.

MIssoiiri Pacific.Sum. Branch (2 rds.)...WabashLake Krle A Westera . .

.

105,32385,26678,28361,33163,5=056,03764,98253,91052,30.547,13241,79538,975

Decreases.1 Pennsylvania (4 rds.). $248,47ftChic. Mil. A St. P 214,951South'u Pac. Co. |6 rds ) 163,523Cln. N.O. AT. P. (5 rds.) 100,700Bur. C. B. ANor 64,947Kan. C. Ftt 3. A M 37,478M. St. P. A 8. 3. »L 33.880Oregon Imp Co 33.140Clcv. C. C. A St. L 30,965

Total (representing21rouds) $923,0.5*

Fear and Orou Earnings, .Net Eamlntt.

number Tear rear fncreow or Tear Tear tnereoH orofroadt. Oivm. PrecedUij- Dtereme. Oiven. Prtced-f. SacrtoM.

September t t t » * «US7 (05) 89310,888 36.173.732 -1-3,672,938 15,057,187 14,590,056 +1.0e6.53«1898 (78) «0,41«.079 88,567,838 -f8l7,211 14.321.093 15.428.017 —1,101,2211880 a 10) 6S,781,S4S 48.648,273 -1-4,2U,399 20,813.552 17,058,967 -1-3,201.605

1890 (127 1 69,478.038 61345,810 -1-4,628,196 21.782,191 20.8l8.42S +938,76<J1891 (146)' 80,140,848 81.668,;91 •H.604,061 81,895,92: 82,500,571 +8.380.3681892 (127; 68,539,818 80,602,6ftt +1.947,051 21.90i,18t 24,807,144 +-835,019

Jon. 1 to

Sfpl. SO.

1887 (88) 854,480,448 811382,978 +48,697.472 128,284350 uo,ias32* +-18,126,088

1888 (00) 3«9,272.8;0 S63.065.2OO -1-18.187,410 ill5,717,79( 186,067.154 -0.019.3011889 (118) 471,472.855 443.842,370 |-27,83\\» 168.766371 lS8,40S3» +-80.851,638

1890 (139) 525.803,.'i81 482,0I4.9«) H3,8S 1,818 172,883.86 ie0.7S«.48» +1M13.8881891 (170) 5«»,376.25« 504.117,083 -1-20.258,171 189,808,48- I80,88430u +-6.923.907IftQo ,iAA. Alt «"» '>,;» i^7f> ««; rt\o' 1 14 OTP, o«*"io^ ooQ n,' *7»Tno*,l Jua-OTO'*

Total (representing27 roads) $1,150,355

t The net decreased $193,331 oa Eastera lines and $33,095 on WmVem lines.

We see hy this that if there are large gains there are

also large losses. The latter, however, are chiefly

prominent in the case of the net, including the Penn-sylvania (lines west of Pittsburg & Erie as well as

those east) with 1248,476 decrease, the Milwaukee <&

St. Paul with $214,951 decrease, the Southern Paoifia

with 1163,522, the Cincinnati New Orleans & TexasPacific with $100,700, the Burlington Cedar Uipids &Xorthern with $64,947, the Fort Scott & Memphiswith $37,478, the "Soo" with $33,880, the Oregon Im-provement with $33,140 and the Big Four with $30,965.

It is significant of the part played by augmented ex-

penses in affecting results adversely that, with the ex-

ception of the Southern Pacific, the Cincinnati NewOrleans & Texas Pacific and the Oregon Improvement,

every one of the roads here mentioned owes its decrease

in net entirely to an augmentation in expenses and nokto a decrease in gross. The St. Paul and the PennsylK

vania are especially conspicuous in this respect, tho-

latter, though having lost $248,476 in net, having

gained $47,029 in gross, and the St. Paul, while report-

ing $214,951 decrease in net, having $15,766 iucreasa

in gross.

But, as already intimated, in a number of instancea

the tendency to an increase in expenses his beea

836 THE HRONICLK [Vol. LV.

modified or reversed. Thus the Northern Pacific while

haying suffered a decrease of $49,G50 in gross is able

to show an increase of 178,383 in net, owing to a re-

duction in expenses. The Wisconsin Central, with

69,633 gain in gross, has $56,037 gain in net. Adding

this latter, the total gain in net on the Northern Pacific

Bystem would be $134,320. The Baltimore & Ohio, we

have seen, out of a gain of $281,978 in gross carried

205,826 over as a gain in net, and the exceptionally

good results in this case are to be ascribed to the exti a

passenger traffic which resulted from the holding of

the Grand Army encampment at Washington, The

Heading furnishes a very striking instance of a com-

pany which iias through reduced expenses managed

to increase its net ; on the Railroad the changes

are comparatively unimportant, there being only $39,-

^61 increase in gross and $15,594 increase on net, but

on the Coal & Iron Company there was a decrease in

gross receipts in the large sum of $445,621, and this

was attended by a still larger decrease in expenses (over

half a million dollars in fact), thus leading to a gain of

69,672 in net. .

Speaking of the Reading, we may note that the

anthracite coal group as a whole presents very satisfac-

tory comparisons. In the .aggregate for that group

there is a gain of $198,168 (or 10-51 per cent) in the

net, with only one road reporting a decrease. For the

nine months the gain is 9-17 per cent, and in this case

also only one road reports a decrease, notwithstanding

that the number of roads included is larger. The South-

western group likewise makes a very favorable show-

ing. For the month there is an increase of $243,671,

or 7 "70 per cent, and for the nine months an increase

of 12,126,545, or 11-79 per cent, with only a few roads

reporting losses in either case, the Kansas City Fort

Scott & Memphis bîng one of these. The Northwest-

ern group loses $191,576, or 4-90 per cent, for the

month, but gains 12,480,479, or 11-85 per cent, for the

nine months. For this latter period all but 4 out of 13

roads have increases; for the month all but 5 (out of

13) have decreases. The Pacific Coast group also has a

decrease for the month and an increase for the year

to date. There is considerable irregularity as between

the results for the different roads in both periods, the

Southern Pacific falling quite heavily behind in each

case.

The trunk lines show a loss in net for the nine

months as well as for September, heavily-augmented

expenses being a feature in this group. For the monthonly the Baltimore & Ohio, the Wabash and two minor

roads have increases in net, while for the nine months

there are only 3 increases among 14 roads. In the

Middle States the returns generally show losses ; in the

Middle Western generally gains. This relates to the

month ; for the nine months there is more or less irreg-

ularity in both sections. The Lake Erie & Western

deserves mention for its very good exhibit, having

gained $38,975 in net for September and $137,596 for

the nine months. The Louisville New Albany & Chi-

cago has done even better for the latter period, having

increased its net for the nine months from 1484,507 to

812,988, though for September by itself that road has

a loss. The Southern group shows a loss in net bothfor the month and the nine months, which of course is

natural. The Chesapeake & Ohio is distingushed for

a very heavy gain in both periods, but most of the

roads have done poorly. Taking all the different groups

together, there are 46 roads which record losses in gross

and 62 losses in net for the month "out of 127 roads alto-

gether, and 46 roads which record losses in gross and 64

losses in net (out of 166) for the nine months.

BBCTION OR CHro»» Earnings. Xet Earningt.

Group. 1892. 1891. 1892. 1891. Inc. or Dec.

September. t t t t t P. 0.Trunk lineB..(13) 18,082,372 17,597,351 6,518,691 6,640.374 —21,780 089Anthra.coal (7) 6,108.680 6,364,945 2,083,493 1,885,325 -1-198,168 10-51

Mid. States. (]B) 2,192,340 2,160,847 772,304 786,287 —12,983 1-66

Mid. We8t'n.(2il 2,235,127 1,993,057 786,274 694,427 +91,847 13-23

Northwest'n(13) 9,598,539 9,070,382 3.720,476 3,912,051 - 191,676 4-90

Boutbwest*n..tfi) 8,938,580 8,198,710 3,406,276 3,182,805 +213,671 7-70

Paciflo Coast (20) 14,521,P27 14.536,399 6,339,024 8,401,633 -62,809 0-98

Boutbem— (27) 6,780,047 6,689,145 1,901,463 1,968,620 -67,067 3'41

Mexican (2) 1,076,301 983,926 371,260 318,922 +57,338 18-09

Tot,. (127) r'ds 68,539,613 66,592.582 24,90i,163 24,667,144 +235,019 0-06

Jan. 1 to Sept. 80

NewEngl'd.dl) 24,96S,021 23,221.702 7,525,774 8,644,705 +981,069 14-99

Trunk )ines..(14) 182,163,778 174,705,695 61,550.71)4 64,495,118 —2,044,414 6-40

Antlira.coftU12) 61,518,243 67,918,907 19,284,687 17,838,267 +1,628,420 9-17

Mid. States. (28) 30,468,993 29,318,0l0j 10,929,688 10,683,rt68 +385,919 3-46

Mid. West'n.(24) 15,533,133 14,496.200 4,991,503 4,459,178 +532,325 11-94

Northweat'ndS) 71,079,450 60,456,4171 23,410,591 20,930,112 +2,180,479 11-85

Bouthwest'n(ll) ,e6,442,3l!i 61,239,398 20,102,462 18,036,907 +2,126,546 11-79

Pacific Coast (21) 108,316,123 104.850,731 .'58,336,449 37,409,360 +028,189 2-48

South'n r'dB.(30)j 47,346,481 45,275,024 13,93;,887 14,«38,-288 —503,401 3-49

Mei'nroads..(2) 8.992,412 8,863,581 3,135,313 2,657,712 +477,571 17-97

Tot..(]aer'd«)'614,820,B53 579,815.658193.238,948 187,170.246 +6,008,702 3-24

NOTE,—ISCLUDED UNDENew Enalîul.

BauKOr & PiscBt»qul8.+BenninKton & Riitl .nd.+Boston & Albany. '

Bos. Rev. Beach & Lynn.-tBrldKton & Saco Klver.tConnecticut Klver.tFltclibura.-I-Hoosao Tun. & W.tMaine CeDtral.+Old Colony.tVermont Valtey.-f

Trunk LinM.B. & O., Bast ot Ohio.B, 4 0., West of Ohio.Clev. Cln. Chic. & St. 1..

Peo. & Eastern Div.Grand Tr. of Can.(3r'ds.)N. T. Cent, i Hud. Rlv.-fOhio & MlBSSIssipi.Pennsylv, Bast of P. * EWest of P.tts. & Erie.*Grand Ran. & Ind. ay a.

Plttsb. Tounns, & Ash.Wabash.

AnthracUf Coal.Central of New Jersey,Oela. & Hudson (3 r'ds.)+Del. Lack. & W. (2 r'dsjtN. Y. Ontario & West.N. T. Sus. & West.Phlla. & Heading.Coal & Iron Co.

Summit Branch.Lykens Valley.

Middle States.Adirondack.

+

Addison & Penn.+Alleeoeny Valley.Annapolis Wnsh. k Bal.-t

Bith & Hammoiidsport.-t-Brad. Eldred & CuDa.tBrooklvn Klevatei.Buff. Roch. & Pitts.Camden & AtlKntic.Cumberland Valley.+Dunkirk Al. V. & P.+Elniira Cort. & Mo.tFall Brook.-t-Lehigh & Hud Rlv.Luke Champ. & Moriah.fLong Island.^Manhattan Klevated.tNew York & Norchen.

K THE HEAD OF—.Vi*Hc Sti(ei-(Conc'(l).

N. y. & Hook. Beaoh.-I-Northern Central.Prospect Park & C. Isl.tStaton Island K. T.Stony Clove & C. Mt.Ulster & Delaware.Wallkill Valley.tWest .lersev.West Va. Central & P.Western Maryland.*Western N. Y. & Penn.

Middle Western.Bear Lake & East.-I-

Chic. Kal. & !*aginaw.+Chic. 4 West Mich.Cln. .lack. & Mack.Cln. & Ke-itucky So.+Cln. Ports. & Virginia.Cleveland Akron & Col.Cleveland Canton & So.I>et. Bay City A Alpena,Det. Lans. & Nor.El. Joliet&B.Klint & Pere .Marq.Indianap. Dec. & W.Iron Hallway.Luke E. Alliance & So.Lake Erie & Western.Loulsv. N. A. i Ohio.Manlstlque.Masm & Oceana,+Pitt,s. Mar. & ehlc.Sag. Tu.-t. & Hur.Toledo Col. S Cln.Toledo & Ohio Central,Tol. Peoria & W.Tol. St. L. & Kan. C*

Nnrthivestern.Burl. Cedar Rap. & Nor.Chic. Burl. 4 North.Ohio. Burl. * Qulnoy.Chic. Mil. 4 St Paul.Dulutfa & Iron Range.fIowa Central.Keokuk 4 Western.Milwaukee & Northern.tlinn. 4 St. Loula.Minn. St. Paul 4 8. S. M.'ûincv Omaha 4 K. C.•It. Paul 4 Duluth.^loux City 4 Northern.*Vlsconsln Central.

Southwestern.Atch.Top.4 S.F.(3 r'ds.)

Crystal.tDenver 4 Rio Gr.Ft. Worth 4 Rio Gr.tKan. C. Fi. 8. 4 Mem.Mo. Pac. 4 Iron Mt.Rio Grande Southern.SUverton.Teiis Sabine V.& North.

Paciflc Coast.Canadian Paciflc.Nevada Central.-!-

Northern Paciflc.Oregon Improvement Co.Rio Grande Western.,San. Fran. 4 North. PaC.So. Paciflc (6 roads).Union Paciflc (9 roads).

Southern Roads,Sir. 4 Atlantic.BIr. sheir. & Tenn, Blv.Car. C. 4 Chlc.-t-

Carolina \lldland.Char. Cln. 4 Chic.Cheraw 4 Darl-ngton.(ihtjs. & Nash.tChes. & Ohio.Ches. Ohio 4 Southwest."Cln. N.O. 4 Tex.P.(5 r'ds.)

Klor. Cent. 4 Peninsula.

+

Georgia Railroad.Ga. Southern 4 Fla.Gulf A ( hicago.Kan. City Mem. & Blr.Louisville 4 Nashville.Louis. 8t. Louis & Tex.Nash. Chat. 4 8t. Louis.New Orleans 4 Southern.Norfolk 4 Western.Petersburg.KIch. Fred. 4 Pot.tRich. 4 Petersburg.SandersvlUe 4 TennlUe.Sav. Amer. & Mont.South Carolint.Wrightsv, 4 Tennllle.

Mexican RoadsMexican Central.Mexican National.

' For the month only. •^ For the nine months, t We include these Westernlines In our table by taking an estimate for 1891 on which to base the increase

or decrease reported for this year.

Stock Eximanqe Clearino-House Transactions.—The

jubjoined statement includes the transactions of the Stock

Exchange Clearing-House from Nov. 7 down to and includ'

ing Friday, Nov. 18; also the aggregates for May (from 17th to

3l8t), June, July, August, September and October.

STOCK EXCHASOB CLEAEINO HOUSE TE\N8ACTION3.

.

—

Shares, both sides.—

.

Cleared. Total Value.Afonth— $May 4.731,800 256,200,000June 16.684,000 1,041,048,200July..t,,., 9,807,300 899,313,200August.... 18.9»8,480 977,583.000Sept 18,8.57,M00 1.288,000.000October.. 20.726,300 1,358,733,000

. Balances, oii^ side. . Slieelt .

Shares. Value Shares. Cash. Olear'd.

445.0001,508,7601,120.1001,6.^7,4002,055.8002,326,800

22,500,60094,666,70074,186,100

107,386.900128,6'i3,600148,022,000

$298,300

1,433,971974,700

1,301.600 •

1,697.5061,761,400

24906,8966,8886,1886.262

Nov. 7.. 794,700 64,400,000 96.8008 Holidaj-,9.

10.11.

493,500938,600707,200

37,100,00066,900,00052,700,000

7,600.000 123,600 276

5,600,000 38,7007,700.000 69,9006,200,000 49,800

Tot. wk.2,934,000 221,100,000

Nov, 14.. 1,352,400 107,800,000" 15.-1.143,600 75,700,000" 16.. 819.200 57,700,000" 17.. 803,900 53,600,000" 18.. 891,400 61,400,000

Tot wk. 5,010,500 356.200,000

72,800104.80083,200

357,600 27,100,000 282,000

141,700 11,100,000 92,100107,800 7,400,00073,400 6,0:10,00083,800 5,700,00091,100 5.900,000

94,40062,30049,50066,500

253306276

liiir

323317290296293

497,800 36,175,000 364,800 1,519

From May 17 to 34 inclusive the stocks cleared were Chi-

cago MUwaukee & St. Paul, Louisville & Nashville, Northern

Paciac pref. and Philadelphia & Reading. On the 25th,

NuvEilBBR 19, 1893.] THE CHRONKJLR 887

Atcliison, CliicnKo HurlinKton & Quincy, Bix'k Inlaixl mid

Union Pnciflc were ndJed to the ll«t. On June 4, ChlcaKO

Oaa, Missiouri FaciHc, Now York Lake Erie & Weatem and

New York & New KiiKland wore added; on June Ifi, Delaware

LAckawaniiii Sc WeMtern, Ainorican SuKar common and

WeHtern Union wore added. On Sept. 91, OiBttlhng & Oatlie

Feedin)? was ad<led.

New Youk State Banks.—Mr. Charles M. Preston, Suimt-iutcndent of the New York State KiinkitiK Uepartiiiont. hoafuriiUhe<l us a detaileil statement of the comlilion of the

State banks in New York on Thursday mornintt, Sei)tenibpr 23,

I80i. From it and from the latest stulemont of the uonditioa

of national banks— that of Septenib^'r 30-we have prepued thefollowing, which i<ives thu results for all the banks in NewYork City, and also the figures for the banks, both nationaland State, in New York outside of this city. For omparisonwe also give the totals under the Septeml>er calls of IHUl,

The aggregates for State banks do not include either savingsbanks or trust companies. We first give the results for NewYork Citv.

Srvt. 3u, snt. a.laes. isin.NEtV YORK CITY

Numlier 48 *«

Ix>u'iis"&!^l'Mt9.lDOI.orenUU..tMt,U3,ulB tlOS.»80,(Bl ttbO.fiajICiO tSM.imMS

Total.

01

7>>(iil

Stpl.tmi.as

Stoik.1. b"iuls. Ac 88.8e8,t71Dii.' rroiu liniika aii<1 bankers. M,733,77ilII, iklnuli'Uso. rum. ami Bx.. 11,401,890oiluT rvMl twtiito 1,118,006..I ;,-. In ,111,1 certlHcjiten 6().7«6,S0S I

inUwrtliieates.... 6.80S.70H(.mil wrtK. of dep.. 40,.VU,ai5 »

ii.Tlmukii I.llli,s90!

(,\.-iiJiiii;.*siorCie'4r'B House.. ai,iv4l,w3*Ciirreutexp. and taxes poll .. SS!V,288

Prcmlams on D. 9. bondu 660.871Other resources S.876.B71I

Total «eoi,8ao.8si n69.oao,o:s e7ro,88o,877 1723,397,008LUibllillt*—

C(iplt«l»t..el[paldln MO.MO.OOO »17,578,700sur|ilu»ari'l uri'livldedproflts. 5«.8e8,960 lS,3S3.7aiCIrf uliillm ..msiiindliig 5.78->,»;8 2.605DIvl.l.-i.l- iini.iHl 24l.0;aIn,l:> '<•> 276,801,088 120,739,089Ot 9*4,274 479,»i»Dll.M Ibaokors 211,283,357 11,414,639Other iiiuiiiiies 2(S9,271 446,743

S,S40,aT80,667,000!l,7«4,i01

UM1210,«77.888

0,0«O,6i:

23,221,>:47S7«,716

«7e,428

44,434,14944,400,776ij,i«o,oaoi,«ai,e77

72,819,039

61,634,787

81,76.1,1711.2*8,003dbO.mi

4.1&3,8»4

$87,222,70072,2;I0,|J81

6,788,133241,073

397,513,7:71,401.203

225.730,99071rt,014

37,l>U7,2a438,971,01814,1)17.6751,327,561

61,276,102

41,418,541

123.784..'iSI

108*1.364»S6,3il

3.412,992

«fl8,08l.l!7068.742.aS05,8.iO.H13

13.>,:;««

396,811.0672,2,30,07.1

181,0»a,018437,779

Total |601.8«),8il M68.020,026 $770,880,877 $723,397,9

Tlie amount ($23,224,2471 under State banks opposite exchanges for' given In report!* nf State bdiiks as "cash Items," but Is alrauat

.V.itf _ _

Clearing Hou.ie ._„- -

wbi.Uy made up of exchanges for Clearing House.

A glance at the above statement shows clearly thatalthoughthei-e has been a loss of one bank since September, 1801, and adecrease in capital of 5861,970, there has Tieen a material ex-pansion in some of the 1 adioK items. Specie holdings haverisen from $64,276,102 to S'<2,B4.'),ya9, or a Rain of 13 per cent.

Loans have been augmented in about the same ratio, or to the

extent of S54.2.'>4,6.57, while surplui and undivided profits haveincreased about three and a half-millions. Outside of NewYork Citv the exhibit is as follows :

HEW YORK STATE.lOtherthan .V.Y.CIty.)

NumberHemurcet—

Loans& dlscts., Incl.overdrfCsStocks, bnnds. .vcDue from reserve suent.Due fr.im banks and tiankers.Banking buii!.e. furn. and Ox.Other real estateQoid coin and certlllratesSilver coin and certlfloates

—

Log. ten. notes A cert, of dep.Bills of other banksExchanges for Clear'g House.Current exr. and taxes paid.Premiums on U. 8. bonds—Other resources

Nat.llankt. StatfBnnha.Sept. 90. Srat.xa.18J2. 1892. Todll.

277 146 423

$125,-146,03029,283.1(1021.07 1,71'.'

6.821.6463.842.1ila1.610,2135,aa3.«<>41.31.5.8211,222.49;1,108,85;)1,27».8;5614.105810.016

1,807,610

(78.991.4243.030,938

I 14.808.110

2.102.4371,561.681

I1.316.982

$204,336,46633,214.098

42,701,488

5 444,5908,077.893

8.256.410

TntalSept.,1891.

399

$189,795,72128.815.746

33,101,874

4.1119.2122,650,292

7,661,887

9,877,082 8,555.707

1.317.848273,777

300.643

2,.'>»7.7«3

788.24281I>.V15

2,108,253

2.01O.72372:t.818816.323

1,903.587

Total $204,033,566 $109,178,574 $31:1.212.139 $280,737,720Z,i<l5ili(iM-

Caultal stock paid In »38.S46.0«0 $11,961,000 $51,207,060 $50,300,060Surplus and undivided prottts 22,725.069 10,53.5.870 33,211.1.959 31.0811.017

Circulation outstanding 13,626.552 6,166 13.63'i.OOT 12.9SI,U23Dividend" uniialJ 71.971 71.971 nn.376

Individual di-p.jslU U7,776,803 74.80i.328 192.378.631 165.217.660other deposits 607,277 1,817.343 2,414.020 3.263,060

Due to banks and baokara.... I^,.^^8.071 6,963.111 19,081.182 16,:!OV,120

Otherliabllltles..... 662.842 f73,467 1.2.16,709 2.494.216

Total $204,033,585 $100,178,674 $313,212,139 $280,737,720

Xoff'.—The amount <$1.317.818> under State banks opposite exchanges forClearing House is given In reports of State banks as "cash ltems,"bnt Is almoelwholly made up of exchanges for Cleariug House.

A comparison with previous returns of some of the leading

items in the foregoing affords useful suggestions, and hencewe subjoin similar figures for other years. First we give for

four years the total loans, specie, legal tenders, capital, sur-

plus and undivided profits, and individual deposits, of the NewYork City banks (national and State)

:

1802. 1801. 1800. 1880.

Loans and diacoonts $160,013,660 $395,788,003 $$06,121,673 $096.40.'.. 169Specie 72,815.939 64.276,102 91,016.806 70.53..,II87

Leg. tend, and certs, of dep.. 51,631.787 41.418..541 !i0.S48.All 32,381.424Capital 67.222.700 88,081.070 66,»6!!,70O 65.61 ;.7is)

Surplus and nndlT. profits .. 72,230,B8l e8.742,«8i> m,72».458 5a:8.i.7i'2

Individual deposits.... 307.543.777 396,841,067 372.600,560 410,705.024

.Vof.'. -Dates of statemenu are In 1892 for national banks Sept. SO and forState Sept. 23: In 1S91 for national banks Sept. 26 and for State sept. 12; In 1800for national Oct. 2. State Sept. 27: in 1889 for national Sept. SO, Sti^ Sept. 7.

We now add the same items for the banks outside of NewY'ork City :

Loans and discounts .

.

Specie 8,16<).51i>

Iêg. tend, and certs, uf dep. . 9.966.1HiOapital 51.207.0(10 60,309.0110Surplus and undlT. profits ... 33,230.959 31.i'80.917Individual proflU 102,S78,6<1 166.217.660

IMl'UUTS AND EXPOUTS <)I-' <{()L1> AND81L VER A T SAN FHA mJISOO.

We have received from the Collector of CiMtoma At BaaFrancisco this week the returns of lnii>ort« and exporti o(gold and iilver through that Dort for the month of C>ctob«r,and they are given below, together witli the flgurea for pre-ceding months of the calendar year 1H93. I m|iorUi reachednn important agKfegoto in October, the amount of gold ra-

oeived being |l,r(09,7BO—In large part from Au«lrali»—and$822,036 silver from Mexico, Onlral America, dtc. There haabeen received during the ton months a total of $8,838,973

gold and $2,891,048 silver, which compares with $S,31M,780

gold and $2,.W7,4aO silver for 1891. The shipmenU of goldduring October were $U7,24!S coin and $14.'i bullion, all goingto Honolulu and China. The exports of silver have been$2,391,287 to China, Japan, &c. For the ten months the ex-ports of gold have been $659,890, against $1,214,787 in

1891 and $10,514,184 silver has been sent out, against $6,8M,-011 in 1891. The exhibit for October and the ten montba ia a*follows :

IMPORTS OF OOLU AND.4ILVEB AT SAX rRAXCISCO.

1892.January...February.

.

MarchAprUMayJuneJulyAu«nist.. .

BcptemlterOctober

Coin.

76,4S691,81256,51388,55103,787111,71736,0702.253

082,3151,407,300

Tot.lOmos 3,007.380 321,483 3,S2l;',872

BuMon Total.

930,10122,50554,07622,10329,87122,19825,12333.04849,v2742,411

96,067114,317110,589110,744123,658133,915161,7991H5,301

1

1,032,2421 ,.509,750

ILTCB.

Coin. I Bullion, i TotiU.

10,92527.76310,0874»,674l54,752

25,41848,78359,126,

161,882

*214.173217.470219,362206,tl53172,810165,124103,855179,92.'i

229,403100,154

284,008245,24S238,440253,327227,563165,824189,278220,70S288,5193.^2,038

461,410 1,929,638 2,391,048

KXPOBT8 OF SOLD AND SILVBB FBOM 8AH FRAKCISCO.

GOLD.

1892.January .

.

February..MiirchAprilMayJuueJulyAugustSeptemberOctober...

Coin. BuU'n

$85.30782,01043,54234,6426,82312,34014,50688,862139,870147,243

Total.

22

670;002140

885.30782,01043,,54234,0046,823

12,34014,50089,-=.32

140,781147,3o5

SILVER.

Coin. Butllon.

Tot.l0mo8| 655,1501 1,734! 65e,S&0! 8,158,044)L'.3.>5.1B0 10,.')lj.l34

246,117301,263483,267405,224334,005

1,011,077623,717»'.!0,32i

1,270,5032,0«}1,047

Total.

8 i193,000 439,11740,0001 347,263

100,500 589,76747,500 452,724

178,200 513,105218,700 1,830,677205,'.KK) 889,61737!<,6O0 1,199,92459O,l.)0 1,860,693320,040 2301,287

IBM. 1801.$$04,836,466 $189,706.7*1"

7,661,6878,65.\707

1800.$tS6.2nS.3SO

7.210.7186.488.801

47.853.73620.606.70316t.4W,»l

$17n.6i«.0746.7 •. I. •»>.'.

5.I1.-' <;-47..V,l 1..

27.Ji 1.3U8163.110j.at7

(Fruoi our own oorreapondeDt.

)

LOHUON, Saturday, November 5, 189?.

Contrary to general expectation, the Directors of the Bankof England made no change in their rate of discount this

week. They have probably had information not accessible

to the general public which justifies the decision; if they badnot, it appears unwise. Messrs. Rothschild have had to sendto [Russia lately about a million and a-half sterling in gold,

but they knew that if they took the whole amount from theBank a rise in the rate would be indispensable ; therefore

they bought the larger amount in the open market at 78e. Id.

per ounce—that is, at a premium ab3ve the cost .it the Bank.Yet in spite of this action the withdrawals for the weekended Wednesday nigbt^ amounted to £704,0. 0, and, so far

as is known by the public, it stems inevitable that Russiawill go on taking the metal. According to the semi-official

Journal de St. Petersburg, the Russian Oovernnient has about80 millions sterling in gold in St. Petersburg and 10 or 17 mil-

lions sterling in London, Paris and Berlin. She can, therefore,

withdraw a considerable amount more, especially as she ia

still endeavoring to raise a fresh loan. The discount rate ia

the open market is now 27g per cent, and both the banks andthe discount houses are allowing U^ per cent on deposita,*

The price of silver fell on Thursday to 38 l.VlBd. per oe.,

but recovered yesterday to 39 l-16d. per oz. The market is de*cidedly weak. The committee presided over by Lord Her~scbell to intjuire as to what remedies, if any, ought to be ap-plied in India in consequence of Ihe^depreciation of silver, hasbeen taking evidence since the middle of last week, but re-

porters are not admitted to its proceedings. It is understood

however, on excellent authority, that the most inflnential

members are in favor of the adoption of a gold standard. Xhft

838 THE CHRONICLE. [Vol LV.

-details of the plan are not known, but it is believed that, at

first at all events, a gold currency is not to be introduced. If

a report to that effect is made by the committee' and is acted

upon by the Government, sooner or later it is evident that the

Indian demand for silver must fall off. Probably the Indian

mints will have to be closed against private parties. Public

opinion here, at all events the public opinion of experts, is

against the proposal, but the mere rumor that the committee

or its most influential members are in favor of it is adverse

to the silver market.

The rise in the value of money, the uneasiness caused by the

persistent withdrawals of gold for Russia, the proposed in-

crease in the German army, the Eussian demand for the free

passage of its ships through the Bosphorus, the disturbed

state of the Balkan Peninsula, and rioting in Spain, have all

"weighed upon the Stock Exchange and the Continental

ijourses during the week. Speculation is almost stagnant,

«nd investment to a large extent is at a stand-still. The elec-

tions in the United States, of course, checking businees in

ITew York, have also had a considerable influence. It is

"possible that if New York shows confidence and keeps prices

xip well for some time business may increase in the American•department here. But for the present at all events there is

xio incliration to operate, the general public is holding

«loof, £nd even professional speculators are afraid to in-

-crease their risk?. Still, markets are fairly steady. But

there ii an undertone of apprehension ; especially the

policy ( f Rassia is inspiring uneasiness. Nobody can under-

«âud why she should be accumulating such a vast hoard of

gold unless she is contemplating an early war. Her negoti-

ations in Paris, too, for a fresh loan are disquieting. It is

known that under the pressure cf French opinion the Messrs.

Eotbsctiild of Paris were prepared to join the other great

bankers in the negotiations ; but the London house firmly re-

cused to co-operate, and Jewish capitalists everywhere else in

Europe tiok up such an attitude that it was certain they

would do their utmost to defeat the issue. The present opinion

is tbat the negotiations will fail, especially as the negotiations

between Russia and Germany for a better commercial arringe-

'xcent are not proceeding smoothly. At the same time the

JBanque de Paris et des Pays Bas is very powerful and very

«nterpiising, and may decide to defy the Jews. If so, there

will be another struggle in Paris like that of twelve months

The Central Chamber of Agricultare here has called a Na-tional conference of agiiculturalists for the 7th of December,•when the great London Catt'e Show will be goina; on. Land-lords and farmers complaio that the present is the worst year,

•vrith the exception of 1879, of the present geaeration. The«rops have all been exceedingly bad, and they have suffered

in quality from the inclemency of the weather during harvest

time. Prices, too, are very low both for grain and for cattle;

dairy-farming even, it is alleged, does not pay, and wool is

<juite unprofitable. For instance, it is stated that during the*wenty years 1860-80, the average price of cheviot wool wasIs. 6d. per lb. ; now it is only 9d. per lb.—a fall of exactly one-iialf—and black-faced wool has fallen from lOd. to an averageof from 5d. to 5J^d. per lb. In addition, disease is rife

amongst horses, horned cattle, sheep anl pigs. Rents evi-

dently must come down ; wages are falling, and many agri-

<:ultural laborers are being discharged.

The corporation of Manchester has decided to lend another2 millions sterling to the Ship Canal Company. The corpora-tion of Salford is willing to advance a million and the cor-

poration of Oldham is expected to offer a quarter of a millionsterling, so that the company has now the prospect of getting«resh money to the amount of 3}4 millions sterling.

Trade continues to fall off, and the number of the unem-ployed is increasing. On Thursday a deputation of labormembers of the London County Council waited on the Presi-dent of the Local Government Board to urge upon him toissue a circular advising the local authorities, dock, harbor,gas, water and sanitary authoiities to carry out such worksas would give employment to thousands.About two months ago a split occurred in the Association of

Scotch Oil Producers which led to an intensely keen competi-tion. Th« price of ".scale" od was at once reduced J^d. perpound, a lurther reduction of }:^<i. per pound was very shortlymade, and now it is said that the Irish trade is being suppliedat a further reduction of %<i. per pound, making a total fallin about two months of I'^d. per pound.

The rates for money have been as follows:

Orm Market Rate>. Interest allowedfor deposits bv

Sank mils. Trade mils. nucH fl'M

^ Three Four Six Three Four Six Stock At 7 to 11

2

Months

1 ® -Months

l5®~Months

2 ® —Months

1«®1«

Months

lU(3i2

Months

2ir®2M

Banks.

1

Call. Days.

Sept. 30

Gel. 7

H2 1 ® - IM® - 2«® - iH®m 1«®2 2«®2« 1 H H

" It 2 m®!"* 15^®- 2M® - 1H®2 1«®2 2«® - 1 H H•' 21 3 2-'»®- 2)4®- 2«9 - 2«® - 3 ® - 3M®- 3« IJi 1«" 28 3 2«®- 25«® -m% - 2H®3 2«@3 aHssji JW iH Ki

Nov. 4 3 '2jâ - 3 ® -3 @ — 3 @ — 3M@ —\SHSi - VA i-H IW

The Bank rate of discount and open market rates at the

chief Continental cities now and for the previous three weekshave been as follows:

Itatu 0/

Inttrwt at

Nov, i. Oct. 28. Oct. 2t. Oct. 14.

BankBate.~~2«~

4

4

4

2H2«4

6

4

OrenMarket

~~2ir2«2%2%2H1%in4

Hi

BankBate.

~2Tr4

3

3

2«m4

6«6

4

OpenMarket

"IJT2J»

2M2Ht^1«4

4

4«3i«

BankBate.

~2ir3

3

3

2«2«4

6H6

4

OpenMarket

~~2h'2H2%2M2«

SH4

iH3X

BankBate.~~^

3

3

3

2%2M4

6«6

4

OpenMarktt

Paris 2^Berlin

Hamburs-Frankfort

Amsterdam ....

BruBselB

2

2M2M

3«4

4«3Ki

St. Petersburg.MadridCopenhaeen...

The following rettrrn shows the position of the Bank ofEngland, the Bank rate of discount, the price of consols, &r.sompared with the last three years:

1802.

•VOK. 2.

S,

CIrculat'on 26,871.315

Publlcdeposlts 6,233.633

Giber deposits 28,940,303

aiTernmerit securities 14,356,140

Otber securities 23,162,798

Reserve 14,607,933

Coin and bullion 24,429.253

Prop, assets to Uabllltles.per ct. 42^Bank rate perct. 3

Consols 2}< per cent 96J1ClearlnK-ncuse returns 143,777.000

1891. 1890. 1889.

A'oy. 4. Nov. 5. Nov 6.

£ £ £25,719,4*5 24,788,005 24,800,870

4.326,819 2.6.10,383 4.133,100

29.783,022 29.171,983 25,614,404

12,262.042 15,498,500 15,767,101

27,1-24.856 23,127,503 19.956.881

12,699,556 11,200,503 11,908 896

21,868,981 19.541,513 20,809,766

36« 34« 39J<

4 5 6

94 15-16 94 0-16 97 3-16

153.213,000 113,417,000 137.96t,0C0

The quotations for bullion are reported as follows:

Q01.D.

Xiondon Staniari.

Bar gold, fine— oz.

Bar gold. contain*g

80 dwts. silver. ,oz.

Span, doubloons. oz

.

U.S. gold coinOflrman gold coin...

Nov. 3.

>. d.

78 0!<

«. d.

78 0)i

78 1 78 1

74 OM 71 0%76 7H 78 -1%

78 7« 76 l\i

SILVER.London Standard.

BarsllTer, floe., oz.

Bar silver, contain-

ing 6gr8. gold. oz.

Cake silver oz.

Mexican dollars..oz.

Nov. S.

d.

38 15-16

6-16

42

37 16-16

d.

39 1-18

39 7-16

i2i4

3S 1-16

Messrs. Pixley & Abell write as follows under date of

November 3:

Gold—The very Mch rates ot a week ago are no longer to beliad,t)ut still the demand for the Continent coutiuuea unabated. The Bankstill receives but small parcels, and £129,000 has arrived during tlie

week, against £437,000 withdrawn, ot which £227,000 has gone tothe Continent and .£200,000 to Egypt. Arrivals—Natal, £182,071;West Indies. £87,000,Silver—Silver hardened up to 39M(\. on the 31st. but since has

shown some weakness, more especially after the tndia Council sale at;

under Is. 3d., and to-day is miottd S-siSj^d., tiut very llriu, and at theclose 39d.couldbeobt.ilned. Shipments—To Bombay, Oct. 28, £24,000;Calcutta, £.5,000; Japan, £100,000; Colombo, £22,800Mexican Dollars—These coin have arrived in some quauiities from

New York and have followed the price of silver at Id. under the barquotation. Shipments—To China and the Straits, Oct. 28, £117,700.

The forowing shows the imports of cereal produce into the

Onited Kingdom during the first nine weeks of the season

compared with previous seasons:

IKFOBTB.

1892. 1891. 1890. 1889.tmport80fwheat.owt.l2,074,493 13.261,292 13,565,764 10,589,181Barley 4,340,702 4,873,853 5,497,410 4,311,910Oat8... 2,597,445 2,549,274 2,176,746 2,914,777Peas 324,210 370,412 218,873 192,544Beans 1,036,899 7t7,996 517,965 812.820Indian oorn 6,105,196 3,332,368 6,183,310 5,624,099Flour 3,715,929 2,727,642 2,570,812 2,647,427

Supplies available for consumption (exclusive of stocks on

September 1):1892. 1891. 1890. 1889

Wheat cwt,12,074,498 13,261.292 13,565,764 10,589,181Imports of Hour 3,715,929 2,7-27,642 2,570,842 2,647,427Bales Of home-grown. 4,753,895 5,805,175 7,847,068 9,359,472

Total 20,541,332 21,794,103

1892. 1891.A,T6r. prioe wheat week.288. 8d. 359. lid.Average price, season. .28s. 6d. 369. 7d.

The following shows the quantities

maize afloat to the United Kingdom:Til is week Last week.

Wheat qrs. 2,075,000 1,891,500Flour, equal lo qrs. 430,000 385,000Maize qrs. 377,000 353,000

23,933,6741890.

3 Is. 63.3l9, lid.

of wheat,

22,596,0801889.

303. aa293. lOd.

flour and

1891.1,905,000211,000188,000

1890.1,651,000227.000353,000

NOVEEBER 10, 1892.] THE CHRONICLE. 88if

Bodlah Plaaaalal III«rk«t»-Par OakI*.

The daily closing quotations for aeouritlea, *c.. at Londonare reported bv cable as follows for the week ending Nov. 18 .

Sat. Hon. Tun. w»a. r*«r«. FM,

tUrer, per on dOon8olii.n«w,2% peroM.

do foraooouDt.IVoh r«>ntt<8 (In Parl8)fr.a. B. 49 of 1907

39«7'',8

97'IJ99-4(}

SB's071 1«

9915

34%

97498-05

88%

97409 30

38 '897i|g

90-46

38'897%97 Jh

09-45

Oanadliin PaolfloOhio. Mil. A St. Paul....miDolB Central

9082T8

1031137%7270-4114%27111041152^856 »829 '44m37 «8

g6'>4

8338106 Vi

13717217011527%11041%62 »«66''8

29'a41%27»8

9182%1051136 "4

7l''8

70114k27 >4

109%413a52 '456128140%87

01%SaTg1061136%731701141273*

X10741^52^8xM'8281411271

921fl2ii»

105%186 "4

72%701141271

10741153154%283840%271

9i4'"821

106125%72<>8

70llaTg271107413a5338r.4%2-3«403h26%

Iiakn f>hf>rn

LoalsTllleA NiuhvUle..Uexlcan Central 4aW. Y. CentralA Hudaon.W.Y.lAkeErledcWesfn

do 2<l oongorfolk & Western, pref

.

Hortliern Pacilllo pref...PennHvlvanlaPhllartelphtii A Reading.Onion PacltlcWabash pief

tfixmmerctal and W^lsczllvineatxs Mtvoe

National Basks.—The following national banks havrecently been organized:4,814—The Flrgt National Bank of OlldJon, Iowa. Capital, $50,000

.

President. 8. C. Duukle; Caohlor, 1>. E. Waldron.4,315—The Carthage National Bank, Cafthatre. Mo. Capital, $100,000-

Pie!<ldcut, Oavld K. Qouoher; Caahter, Joseph L. Moore.4,816—The Central National Bank of Milwaukee, Wt:). Capital,

$300,000. President, George Q. Houghton : Cashier, HermanF. Wolf.

4,317—The Wisconsin National Bank of Milwaukee, Wis. Capital.$1,000,000. Piesldeut, Fred Pabst; Cashier, FrederickKastcu.

Imports and Exports for the Week.—The following arethe impwrta at New York for the week ending (for dry goodt)Nov. 10 and for the week ending (for general merchandise)Nov. 11 ; also totals since the beginning of the first week ic

January.FOBBIOH IMPOBTS AT HBW TORE.

For Week.I

1889.

Dry QoodsCton'l mer'dUe.

TotalBiiiceJan. 1.

Dry Goods..

2,649,2686,3'J4,627

$8,973,895

$115,841,317

1890.

$1,809,2068,806,917

$10,616,123

1831.

$1,723,8216,915,912

,

$8,639,736

$132,326,020 $102,110,681

\892.

$2,078,22311,884,5S4

$13,962,807

$111,108,829Q«ii'l mer'dlse. 313,661,972i 343,487,977] 351,807,4331 389,402,811

Total 45 weeks. $429,503,289,$475,813,997i$453,918,114|$500,51 1.610

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

The following is a statement of the exjxjr^ (exclusive ofspecie) from the port of New York to foreign ports for theweek ending November 15 and from January 1 to date

:

aXPOBTS FBOM HBW TORK rOB THB WBBE.

1889. 1890. 1891. 1 1892.

For the week..Prev. reported.

$5,920,563292,982,286

$5,731,586300,248,435

$9,594,240816,673,295

$326,267,535

$7,966,818330,063,851

T .tal 45 weeks. $298,902,849 $305,980,021 *338.030.66q

Thefollowing cable shows the exports and imports of apecitat the port of New York for the week ending Nov. 13 andsince Jan. 1, 189J, and for the corresponding periods in 18blaid 1890:

IXPOB-rs AHD ntPOBTS OF SPBOIB AX HBW TOBK.

QoltiXxporlt. Imporit,

Week. ^SituxJan.l. Week. Since Jan.l

ereat BritainFrance...., ..,...,...

$900

41,206

"iisbo

$6,222,29318,410,22826,117,3507,065,484

10,1501,375,448

10,500

$2i',310

3;456

$32,8134,738,151914.150

West indies.. 1,100,2-2846,523Mexico

Bonth AmericaAM other countries..

703,473201,790

Total 1892 ,.Total 1891Total laao

$49,9508,900

10^.676

$59,211,45375,679,07718.989,611

$24,7601,680,274

68,716

$7,737,12827,074,0727,714,910

Silver.Bxportt.

Week.

Sreat BritainFranceGermanyWest IndiesMexicoSouth America .....All other countries.

$396,050

" 8,916

8inctJan.\. Week,

Zmporl$.

$16,389,485523,139

1,300975,41338,215

5 18,06527,513

Total 1892.Total 1891.Total ISfM).

$404,990 $18,503,160 $146,108677,849! 17,3<5.644 185.540641.350' 15.6.57.6.-.9 225.196

$1,44»<133,^0010,950

Since J»n.l.

$21,014335.737100,855381,609

1,008,652833,11966,515

$2^837,5312.330,5336,322.584

Of the above imports for the wtek in 189:J $4,100 wereAmerican gold coin. Of the exports during the same time$34,050 were American gold coin and $!J,010 were Americansilver coin.

EXPOETS or BitBADflTUrFS F0« OOTOBBB, 18«.—TtM foUlowing, made up from tlio sutement i«iuu<i by the Buraau ofStatistic*, showi the exports of domealiu brrii.lstiifT* from thounder-mentioned cuitomi dIatricU of tho United Ht»t«« forthe monthof Ootib^r in 1832 and In 18J1, aad for the fourmontlis ending Oi-t jber 81 , 1893,

BrtaaehtfiMsporU,

Oticbtr,

uas.

OhIiMMm

««w Vork ....toatonPhUadalphla...Saltlmor*««w Orleansfuo. cost, dliu.*3th«r Ott*. dtsK.t

fotal, l>arl*7.OonLMua.MewYorkBuatonPUladalphla.Biftltlmore....-••wOrlmnsPm. oniu dlsU.*Oiharoas.dlstM

TojU.oom... .

Oom-mutl. bblt.Mew rorkdoctonPblladelphU....Baltimore.Vew Orleans

—

t'ao. cust. diBts.otnei CUB. dlats.t

fjtal. com-mea.OaU, diufi.

Saw yorkBostonPblladelphta....aaltlmure.Hew Orleans

—

Pac. cast, dials.*JUieroofl.dists.^

Total, oatsUatnuol, U>-

.

NewVorkRontonpmUdelphla..

.

Baltimore ....xew Orleans...âc. cast, dists.*•theroaa.dlBts t

Total. OAtmeal.Ave, bualu

.-(ew torkSofltoQpallHdelpbla.daltlmoreHaw Orleans. ..

t*ao. oust. dlBts.'Oinar oas.dlaM.t

rotal, rye(T/Kctt, biuh.

.law yorkSoBtOD?biladeiptala. ...

Baltimore.-iaw OrleansPac. oust, dlttta.*

^taer cuB.dl8tB.-t

Total, wheat^heat-fiowr. bbuHaw forkBostonPDIIadelphlaBaltimoreMewOrleansPac. oust. dIstB.*Other uufl.dUiB.t

rot.,wheat-Iloar.

Totali.New VurkBostoaPhiladelphiaBaltimoreNewOneana —Pao. cast, dists.*OLnar cus.dlBiB.f

Qraad total..

IS, lis

»,n«6,8«4

i;e.W7l>ill^.lhl*

4eS,tT36.»)17.*1H>

nv.ise

8,S88.»l9

12.8815.ttU

"8,«e714

'"iiso

KolM.

S3,S4U

SS,S40

1,18 l,7Wtta,OT«

s<ie,TosS84,7W

S,lultjaa*

17e,80»

QWnHU—

•W

4413M

s«,38e

i:e.>)S4498

lU.OOO4'i9

T.P«Sant

138,&78

83.5132Bi,aou

68.M00801

l.-OO

4ie,w

lll.TM

87.354114

«ov,ie5

3,248,541

l.S7»,8S5l.tllB.UtVI,145.at64.03U.6IOTM,UO»

U,619,0e4

ei6.384103.403188.680341,lf97

S.IVD230.02<

1.670.M7

i.iKM.iee

41,88510.140

B1,78H45

B,70»

i»,a8S

4S,RS9

3,600184

8.36910

61,884

1,99<1

5.8 ris

"'i.66iIWsu

8.34S

79,415

01.T1360

141,187

3.698.348

V»i,»«H1.^87.378

9.S2,4Utl

8.158.775.608.837

10,071,852

2,720.294

670,101l,«»8,57iJ

2X400886.103

7,tit.S0»

4<S.V»I

1,481,718no.ai3

SU.SM1.014

446,400

3,110.852

11.87Ve.TvM887

2,4106

"l,T»

26,183

1(9.SS4

74287

2.438l.UOo

203,613

l.SOS1,040,880120,001

8U0

27.7UU80,000

1.840.85;

1,810.5171.-J78

Value.

8M

8ISA7

810,807

lJIB2.a8S180/11878.««75.07410,7881.487

257,804

8,I82,!|8S

sijns2ijl341,4U07,1«

17

"sjsie

8J377

81.043117

183l,14t407

887.408138.388

180,081

1,706,803

8,609.888677.034

1.053.714i.sao.'ttii

1.074.8728.5ao.48J063,3U»

14,0^8,280

861.023130.00688.7U

218.7888.V04

]B3.20»138.112

1.116.3SH

6,T7S.SOO1,404.8771,878.076S,«'<0,8451.004,8»44.078.6801,266,488

18.'SS,888

83,478

863I.4«U3,(100

80""

iiio

1,280

"40.291

1.153.0371,038

f>>urHaiiaa.

QWHUMlM

•7.110

HiiMi

rim.

Bk8,678

4,l»7.««MM.R'/S

l,eil»,ll>1,132.014840,53840.1<a

1J)I6.440

e,830,4««

eo.47<i7.a»7.c*72u,080

"y.Vti

108,488

480.788l.!tS3

8.6IU48.81e1.344

24,7728.488

248.760U8,C5«

134.388

i,oe.<,9o

14J>33,46>

1,-80.082011.383443.810

l.aol.-Wrt2u.eo8

717.3&5773,860

6.571.348

10.037.218l,44~.4u31.044.3383.030.400l.«lt.01b4.884,^98l,a8i.4ul

Z4.10J.488

870, I5S

826.8Kb&8.n0(60.084

211.84U1.0j»6.000

78.880

1.378.718

868,032

288.2031.481

103,88!

681,613

14.818.1 to8.000.IM14.7:4.3007.03<.8l4».371.>f76U.8i"<.7833.081.480

41.37V330

2,''63,n8l

7i5.7«61XiTt>

1.321.0^41.10

eu;.»i4«47,l72

8.773,140

~4M,M«

B,4M,ai»

i«i.e7i48,0««26,84066,70*

160

18J»8il,8«a

S0,64l>8t»

10.87a8,aa»

2»7,54&

7.7«»183441.8067,S0>

81IM

1,8II»

33.80r7

203,13&

1T8,78»9e»

120,043

600.Sia

12.807.47»1.<18,U7^3JJ33,S4».^S88,887<.y4A67A7.347.4078,38(>,06S

86,731,882

8.048.S828.140,780-8.018.1S»6.781.7808UO.U09k

2.488,S4<1.880,280

26,68130^

24.845,405.63S3.7Slk7JI74J>I0

18,»41.80t8,284,'nilu.848.86S8,485,8S»

70,S44.'ia

* Valoe of exooru from PaoiOc distriots (or tbe month of 0.;t.. 1888 :

8aa Pranolsco. CaliCornla... .11,800,761 | 0.-e,( in. Oregon tl7,3S3Willamotta, Oren.m 1,U0.<17 -—Puxeiduund.Washliutan... dl8.186 I

Total t4,o;3,e8S

t Value of exports from other cnstoiis districts for the month of Oct., ISOd

CnlcadO |103.;»47I

Newpurl News, Va 300.806Oalu h. Minn ... 81W.8U0Detroit, lilohlKaa 101.81bHoron.MlctaUan 104,-.3l I

Braios. Texas.Poril.nl, Malae.

Total »W«,4«i»

»8.8a»89

NOTI.—This statement Includes about C8 per sent of the entire exports of tit

articles named rrom all iHiru of tbe ouunLrr.

—Mr. Wiliinm A. Lombard, wliose card appears in th»Chronicle, lias just issued his quotation sheet of New YorkCity t>ank stocks, which can Ud had on applicition at biaoffice. Mr. Lumbaid uiveo aUo, beaides the quotations^

statistics as tj the book value of 6t jcks and net surplus analprofit.

—Messrs. Lamprfcht Bio?. & Co., of this city. Boston andCleveland, offtr $500,0CO flist moriga.;e 5 per cent i,oHbonds of the New Haven & Wtrs: ffi-.'en RiUroad (.electric

railway) and Manchester Avenue Railway Cooipany of No.vHaveo, Coon., due in 1912,

—Mr. Edward E. Higgin.", formerl/ CJtneral Manager of th»Short Eleciric Railway (Jo. of Cleveland, hai op-ned an oIUjij

in the MilU Building as flnaccial expirrt in wuuicip.al triins-

portation. Mr. Higiîns ha? had widt cxpetience iu tkb UaCkS.-e card on fi'st page, _ ^

840 THE CHRONICLK [Vol. LV.

New York City Bank Statement for the weekending Nov.

18, 1892, is as follows. We omit two ciphers tOO) in all cases.

Banks.(008 omitted.)

Bulk of New YorkManliattan Coliercbants'MecbauiGS'AmericaPhonlxCitj-Tradesmen'sCheuiicalMerchA'jts' Exch'ge<5llilatiii National.Bntcher8'& Drov'rMechanics' (feTrafl'aGreenwicJi ... -.---

Ijeather Klannfac'rs^Tent^ National...State o* New York.>ineii«an Exch'ge..CoaomereeBroadwajrSCercantile.r«cmcStepnblicCbatUa aPeople's.Ifortb AmericaECaeoverIrving.^Citizens*NassauMarket <& Faltoa...6t. NicholasShoe & LeatherCorn EscbangeContinentalOrientalttmpontei's'' ATrad'sParkIBast IliverfonrtJi Natioaal

—

Oentrv.l National

—

SeodiKi National—Klixbh Na4ional

,

First '^ffUana —TMrd NationalI^.Y.Nat ExdiaugeUowesTJJew \ rk t?euBty,

.

Oemian-Araericau .

.

CliaseNaU inaLVUAi Avenue<3erui&u Exchange..Oermania .....

United Sta esJLiuc 4nGarfloUlFifth NationalBank of the Metrop\Ve.itSldcSeaboatd«iith Nationalvwestem Natioua'..IFirstNat., Br'klyn.FdouLhern National..

Capital

2,000,02,060,0?,00l',02,U0(>,03,000,01,000,01,1100,0760,0300,06(10,0

1,<100,0800,0400,020 ,0800,0300,0

], 200,06,000,06,000,01,0 0,01,000,0422,7

1,500,0450,0200,0700,0

1,000,0600,0600,0600,0760,0500,0600,0

1,000,01,000,0300,0

1,600,02,000,0250,0

3,200,02,000,03oO,o750,0600,0

1,000,0300,0250,0200,0700,0500,0100,0200,0200,0500,0300,0200,(1200,03 10,0200,060C,o2('0.0

2,100,0300,0

1,100,0

Surplus Loans.\Specie. Ltgals. Deposits,

1,063,51,69(1,49 97,

2

2,O09,:<

2,105,044*i,0

2,697,3193,4

6,98H,4l*i7,4

1,66 ',0303,24SJ,7ltiX,9

566,173,9

.520,0

2,223,23,.'i]9,7

1,66;,9l,0Ui,2447,9876,487 3, s

3J0,8l630,0

1,791,3330,2446,2275,7808,5129,4259.4

1,231,6260,2421,3

R,514,82,897,713<,8

1,875,0677,8485,s201,1

7,030,885,4

162.1516,5559,9276.1

1.100,8009,3681,9644,96i7,3391,5469,82U»,4726,8266,9206,7347,4V46,7807,9142,0

11,360,011,826,07,101,07,965,0

17,816,44,5i4,0

12,521,^2,770,8

24,56!,

»

3,748,«5,486,3,7'lr,

2,166,1,135,8,666,81,752,93,4 '7,1

16,784,018,331,26,06', 1

8,-:91,.'.

2,t64,911,2.7,05,nl4,72,302,36,570,8

15,2'27,22,930,02,818,>-2,027,14,196,82.10»,22,«28,07,8i9,»4,682,42,ll:<,0

22,400,024,387,51,153,5

18,257,78,380,05,504,03,01 .».«

2.1, ••01,7

4.881,31,482,0.'«,027,0

3,187,22,818,0

12.9.i7,25,532,62,907,43,190,16,828,75,236,.14,296,01,944.<4,65^1,12,2'i0,04,522,111,8.9,0

11,090,14,77o,o2,414,3

TTotal 60.422,7 68.233,5 448.958,8 75,143.0 40,4ii7.6 451,606,4

i,7ao,o1,663,0896,4763,0

3,'235,8743,0

2,«80,"35:<,S

5,362,2538,8808,326'<,i'

260,019',36.'>4,0

326,592,2

1,356.0],''o2.0877,3

1,229,5208,4

1, 635.x1,011.6127,H6i3,4

4,461,2260,1B05,o2ia,7602,863,8

504,01,460,11,095,8156,9

4,743,06,607,6

44,93,728.71,388,0913,0504,8

3,067, 'i

869,998,7

606,0710,0378,

«

2,455,91,097,21»8,418.^,9

1,512,4833.9

1.140.0179,3f98.8337,0796,0221.0

2,047,8043,6133,7

1,650,0664,0963,')

851,01,732,73M),0715,0229,"'

l,20l',5

074,5456,82'/'.7,8

280,t)17:<,"

277,963,1

308,31,866,02,124,9388,3

1,145,7612,8

1,717,8606,5340,8293,083.1,2340,9184,13^2,7805.9405,2465.0357.0287,7272,3

2,128,01,:(45,521'',9

1,25.%7638,0822,06.'8,0

947,7734,1206,6221,0110,0150,2

1,355,5458. *

582,8482.5303,0844,4277,2344,3436,'2208,0200,0170,0888,8206.4379,7

10.910,011,«41,07,080.96,1A2,0

18,717,74,349,0

IS.O.M,!2,877,0

23.>-03,44,45.'i,S

4,607,81,831,52,710,0],1«8,13,27-^,1l,"d3,02,415,5

13,300,0lv,745,65,2J;<,1

8,751,93,3b8,1

li,48;<,36,122,2:<,:<20,2

3,038,017,126,92,701,03,077,73,133,04,491,42,163,53,440,07,219.96,40^,71,040.0

2:<316,028,452,4

993,718,700,88,9.! 1,06, 7461^13,8'29,7

20,504,15,273,31,404.33,2.-..-),0

3,63.1,52,.J09,9

14,M18,76, 109,

4

3,41^7,93,673,77,8«7,76,-.'20,6

6, 10 •',9

•/,0ll9,4

5,^81,42,420,04.872,01,005,0

11,611,74.-45,01,9-6,6

^tm York City, Boston and Philndelpliia Banks:Capital A

ÎBATfCS. Swplu^. Loans. Specie. Lejats. Deposits.] Circ'Vn Clearlngi.

JH.Vxnai.'•Oct. -IS ..

'• 22..." 29 ..

UOT. "B....• IS ...

•Oct. 39....ajov. s....~ 12....

ffhila.o•Oct. 26....INov. 5

" 12-...

$128,6.-6,2128,656,2128,656,2128,656,2128,(556,2

04,'612,964,642,9<i;4,«42,9

85,793,7'35,793,735,J9a,7,

459,432,149,149,445,

162,163,164,

109,108,107,

525,0 71,78 ?,5 45,802,3 468,183,0333,9 70,149,3 46,904,4 400, -85,1112,8019,1958,8

,695,8,803,4,821,6

,929,0,744,0,900,0

72,8.30,0,45,303,3 457,050,173,070,0^42,968,9 '45.3,«41,675,143,040,437,6 431,606,4

9,729,8 6,900,7144,674,810,3'27,8 6,130,9148,120,410,331,0 6,094,9 147,631,9

28,376,028,039,027,683,0

110,568,0109,496,0103,034.0

6,571,75.811,45,636,35,6.')3,4

6,6j8,8

4,890,71.h20,14,931,1

.3,585,03,5 3,

3,572,0

$632,009,1076,008,0760,238,1808,7''3.6858,626,4

107,151,1124,086,693,160,8

88,062,189.181,367,469,1

'^:t* Weomtt two others in all these floures.eljihla. the item " due to other banks."

t Including, for Boston and Pbtla-

',j 'Trxna^'Cotftlneatal Association.—The TranscontinentalM.6«ooi*ion is practically extinct. The efforts of ChairmanîninK and others to keep the organization alive have provedmnavaifinsL At Chicago, Nov. 16, a resolution was adoptedinstructing the Ctiairmin to wind up the atfairs of the asso-"OMition Ks B(X)B as possible after January 1 and providing for/a division of the expenses.

'B—Messrs. Bpenoer Trask & Co. offer in our columns to-daya line of bonds suitable for investors, and full particulars ofeach issue wiU be furnished upon application to them.

—'Call No. 11 of the Northern Pacific Railway Comp iny sIbondswilt be found in another column among advertisements

,

iwith all the numbers of the bonds called.

— Messrs. Kidder, Peabody & Co. offer in to-day's issue of<the iChronicle g3,0(X),000 West End Street RaUway Oom-3)ai>y;gold fives.

|}CJnit«d States Sab-Treasury.—The following table shows«eeiptB and payments at the Sub-Treasury in this city, asvrailas the.balances ia the same, for each day of the week.

K»v.l2" 14" 15" 16... 17" 18

«2,663,6103,309,-'56l3,070,61512.872,0633,136,1464,183,172

3,232,9903,584,60o!3,986,9853.1.S7,7SI93,215,0643,370,951

95,734,57095,541,29195,841.38895,935,69395,993,18596,074,399

"Jotal.l 19,--'36,'262! 20,678,389

5,322,9395,144,8934,874,3414,897.ii605,103,9665,7'.'7,038

FoBEiON Tradk op New York—Monthly Statement.—Inaddition to the tables given previously, made up from weeklyreturns, we give the following figures for the fuU months,also issued by our New York Custom House, The first state-ment covers the total imoorts of merchandise.

lUPOBTS INTO NEW YORK.

Honth.

January....

February ..

Maroh .....

.

April

May........

JuneJuly

An^stSeptember

.

October

1892.

DrvBmdM.

12,474.861

14,937,143

9,670,851

8,501.492

8.259,928

7,275,568

10,647,403

14,160,»«1

10,627,801

12,274,005

General

MtrchaU'Mte.

29.744,029]

29.415.8671

45.130,2991

41,676,008

35.131.808

40,593,834

84.811.855

38,890.5061

35.807.343l

88,443,908'

Zotol.

42,218,890

44,353,000

55,001,168

60.177,500

43,391.588

47.869.392

45.459.858

51,051,487

40,235,144

50,724.511

1891.

JJru

B00(U.

General

Merchan-tUee.

Total.

12,749,506

13,146,984

13.041,850

8,9«t^,738

8.334.070

8,899,170

9,201,148

14,810,797'

8,348,888!

798.225;

29.831,248

29,958,305

1

35,579,721

41,479,853

38,573,4811

33,517,181

31,227,490

31,088.248

31,140,887j

34,490.021

42,530.758

43.100,289

48,618,071

48,448,891

42,927,581

42,246,601

40,428,888

43,899,048

39,487,275

42,288,248

Total.. ..1 109.030.808 367.451.245 478.481.851)1 98.817,175 334,907.863 433,624,838

BXPOBT8 PROM NEW YORK. OUSTOHS RECEIPTS.

Januaryrebruary.„.

MarchApril

MayJuneJuly

AugustSeptember .

October—

Total Itercltandite.

1882.

34,378.994

30,780,177

83.084,920

80,842,1451

31,332,782

33,843,288

28,263,673

30,781,807

28,911,062

31,338,003

27,000,185

28,433.249

28,874,476,

29,644,853

28,924,487

28,326,491

31,183,120

33,353,768

37,91»,10»

37,3')6,7ei

3 11 ,30 1.7681 307.035.778

JTontA.

JanuaryFebruaryMarchApril

MarJuneJuly.

AugustSeptemberOctober

At New York.

11,983.590

11,832,835

10,872,149

8,886,924

10,874.828

9.594,998

12,304.197

18.179.931

11,342,128

10,839,867

Total 111,789,853 104,051,06!

18,794.868

12.880.580

10.520,568

7,712,053

7,450,389

9.131.833

11,301.108

10,481.013

9,982,117

9,337,374

— The Union Loan & Trust Co., of Sioux City, reports its

surplus as increased to §190,000. The paid-up capital is

§1,000,000. The company deals in high grade commercialpaper, also in municipal, corporation and school bonds. Seecard in another column,

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

By Messrs. R. V. Harnett S Co.

:

Shares10 Twenty-third St. Ry. Co.300

BohUs.

Shares.300 Leatlier Manufacturers'

Nat. Bank 231195 Terre H. & Indlanap. HE.110%20 Mechanics' Nat. Bank... 1U51 Blackwell'e Durham To-

bacco Co., *25 $17

By Messrs. Adrian H. MuUershares.

224 National Mte lug. Co 63»847 Cent. N.J. Laud Imp. Co. 8522 Lafayette Fire Iiis. Co.

of Brooklyn 6175 Globe Fire lus.Co.of X.Y. 7510 Star Fire Ins. Lo. of N.Y.$1 lot

186 Hamilton Fire Ins. Co.of N. Y 75

20 Manliattan Fire Ins. Co.of N. Y S2-50 lot

10 Park Fire Ine. Co. (75p c. paid in liquidation) 8

10 Nat. Newark Bauliiug Co.of N.J 164

18 Nat. Bank of N. Ameriea.172'410 Lawyers' Title Ins. Co.. .150

$200 City of Muscat ineJa. ,6s. 108 >«

$11,000 South Car. By. Co.2dcous.6s,1931(temp.cert.) 91

&am:Shares.

10 Lawyers' Sui (ity Co 100500 Coufol. Elec. Storage Co. 3'a25 The Umbrella Co. 8 p. c.

debeuture stock 10614 Bond & Mort. Guar. Co..llli*45 N. Y'. Produce Exchange

Bank 1331500 Brooklyn City RR. Co.,

218^ to 219%30 Fulton MunicipalGas Co.

of Brooklyn llSig3 Thiirber-Whyland Co. pt. 821 Tliurber-Whyl'd Co. com 25's

Hands.f1,200 N. J. Steamboat Co.cons. 5s, 1921 89

PâttUtttfl ana l^tttauctaX.

LIBERTY NATIONAL BANK,Central Baildinc, 143 Litbertr Street. New York.

CAPITAL, .... 9300,000ACCOUNTS OF BANKS, BANKKB3 AND MKBCHANT8 80UC1TKD.

HENRY C. TINKHB President. HBNKY QaAVKS, Tioe-PrMldenI

HBNBT C. TINKBB,HBNBY GRAVES,GEO. F. BAKER,J. R. MAXWELL.

JAMES CHBI9T1B, Caahler.

DIRECTORS.B. F. C. YOUNG, H. C. FAHNESTOOK,WM. BUNKLB, HON, G. A. HO BART.DUMONT CLARKB, J. A. GARLAND.JNO. H. 8TAR1N.

Spencer Trask & Co.,BACfKSRS.

10 JXTanjSt., New Vork. 16 Congress St., Boston.

Albany. Providence.

Members of New York and Boston Stock Exchanges.

INVESTMENT SECURITIES.

THE MERCANTILE NATIONAL BANKOF THE CITY OF NEW YORK.,

No. 191 Broadway.

Ompltml, • $1,000,000ISnrplnsdc Profits, $1,030,003

WILLIAM P. ST. JOHN, President, j FREDERICK B. 8CUBNCK, Caabler.

JAMES V. LOTT, Assistant Cashier.

ACCOUNTS SOI.D.

NOTKMBEK 10, 1802.] THE CHRONICLE. 841

f,Ixe gaulijcra' daiuette.

DITIDKIfDa.

Kam4 of Company,

Hallroads.CblcBKo A: Noithw. pii'f. (quar.)..

' <M>1U

Obtc. St. I'aiil Mhiii. A On), prcf.niacVlaiiffonn.

Bnnwv .V wnillli Oar prof, (qunr

)

Ilcckir Iciii.'^ I.'w'l .Mill.|ir.(qu.)

l.noli'U' i.;i--l,i^lil pref. ((i\i«r.)..

Mti'lj.r. 11,11. liir nrcf. (quur.)...

NHtliiiml l.fiul prof, (quar.)

Cnltoit State* Egiilt. »a» of W. Y.

Ottit.

1\}8 {3>«

22

2

40

WhtnPayaUt.

Deo.

Jan.

Deo.Doo.l>eo.Dec.Deo.Nov.

83

30

1

X1ft

1IS28

Bookt Oloitd,(Dayi ineluti9t,>

Nov.

Jau.

30 to Deo.

1 to Jan.

Nov. 23 to Doo.Nov. 18 to Doo.Doo. 2 to DocNov. 20 to De<\Nov. 29 to Doc.

to

\i discount, lellinK («r; CharlMton, Xnijinf, ^ dUoount, felllni^

p«r ; New OtImhip, buik, psr ; oomnMroUl, |l SO difwouot

;

St. Loula, OOo. promlutn; ChloMfO, SOc. per $1,000 prcmiuni.

PoHted rat«a of leading baokeraare aa follows:

Xortmbtr 19.

Prime bankers' sterling bills on London

.

Frinieooiuiiierola* .......-•• •.•••••••••poonmentaryooinmerolelFarts bnnknrs (franca).iLmsterdam (KUllders) bankersFrankfort or Brenienlrelobmarkstb'nkera

A«(y Aw«.

4 8ft>«I

4 894 84 Si 94»44 8a\«4 84

I

» 18%*A 19>« B iai««5 13H4O<«*40>]« I 40»i.*40%

United StatM Bondi.—Quotation* ara aa follow*:

InUrtMlPeriodi

Kot,12. 14.

WAI.I. iOTUEET, VRIDAV, NOV. IH, 1899-5 P. IH.

The Money Market and Financial Sltnation.—Tlie fmnn-

cial luarkct.-^ liavf m'lierally relapsed into duluess after the

late iH)litical oxciU'iiiunt. Tlie situation, however, has not

materially changed, and tliero is a good prospect of renewed

activity in the near future, although tliia may be postponed

until after the meeting of Congress, or even till the new year

is at Iiand.

Tliero has been a hopeful movement this week among rail-

road managers looking to the establishment of better rates for

transiwrtation where they have been too low. Tlie trunk line

presidents are proposing an arrangement in the natiu-e of

pooling, and the Soutliem railroad officers also propose to

take measures whiclt will secure fair rates on traffic. In

addition to this the Eastern tnmk lines will make a reduction

of only 20 per cent on Chicago passenger rates to tlie World's

Fair next year, so tliat the earnings from that source wiU

probably be remunerative, whereas they might have Ijeen

placed so low as to give very little net profits; the reduction

too does not apply to fast trains.

Once more the stock and bond markets have been influenced

by reports apparently false—this time by London and Philadel-

phia dispatches that the Feb. interest on Reading pref. income

Ifov,

IS.Jfo»16.

Ifo:17.

3vVf •***««•««•* «• rv|§

*

is, 1907 re*.is, 1907 coup.es, our'oy,'96

—

reg.6s, our'oy,'96— re*.es, cor'oy,'97— re^.Os, oar'or,'98....reg.fls, cnr'ey,'9B....r»g.

-Mcb. -lOOM *100'4 MOO'4 MOOî'lO*'* 'tOOls-Jan. *ll4>«*ll'tli tU>«-ll-l>t 'lltLt 'llt>«-Jan.'lU's ll.'i MH'«*lll'«M14'i*ll4>«* J. '107^ •107>» MO?"* -lOTis 'lO"* MO?"*

J. A J. "lOft^'iogainoeî •106\ -lOBH 'loiiî

J. A J. •112H'112%*112\'*112\'112V*112HJ. * J. •115>4*115'«:*ll.'i'4'll.'i'4*ll.'»U'Ha>4J. A J.1'118 *118 I'llS '118 I'lltJ /lltt

'Tblsts tbe prloe bid at tbe moramz board ; no tat* ira* 'Oa to

doremment Parehases of Sllfer.—The folk>wing show

the amotmt of silver purchased to date in November bj the

Oovemment.

Ouneeioffered.

Prevloasly reported 4,810,000November 14 927,000

1« 323.00018 655,000

'Looal poroliases

OuTieetpure/uued. PneepaU.

2,637.000 «0>3 160 • SOSSeO40n.0()(> ikO'4 tSO • fO-848S323.0U0 $0-8170 » $0-8490305,000 tO-ifiia 9 90-8480

}

»

•Total In montb to date.. 6,715,000 3,669,000 $0-8460 9 $08560

bonds would be paid in scrip or not paid at all. The parties

publisliing such reports here ought to be held to a strict

accountability, as they ought to know the character of their

special correspondents, and should be responsible for them. If

such information is correct it must be based on some substan-

tial knowledge, and the publishers should liave the credit for

it. If it is incorrect and false, it is simply bogus news circu-

lated to depress the prices of securities, and the authors ought

to be followed up and held responsible.

Tlie open market rates for call loans during the week on

stock and bond collaterals have ranged from 4 to 6 per cent,

the average being .5 per cent. To-day rates on call were 4 to 3

per cent. Commercial paper is quoted at a(Qii% per cent.

The Bank of England weekly statement to-day showed

an increase in bullion of £200,000, and the percentage of re;

89rve to liabilities was 46-78. against 43-85 last week ; the dis-

count rate remains unchanged at 3 per cent. The Bank of

France shows an increase of 2,735,000 francs in gold and

of 850,000 francs in silver. •

The New York Clearing-House banks in their statement of

Uov. 13 showed a decrease in the reserve held of $1,053,400

and a surplus over the required reserve of $2,678,930, against

$2,678,525 the previous week.

•Tbe looal purobases of each week are not reported till Xondayofthe loUowinn week. •

Coins.—The following are the current quotations in gold for

various coins:

BovorelgnB $4 81 il$4 90 Pine sliver bars.. 84>4*— 8)Napoleons 3 S.'S » 3 90X X Kelobmarks. 4 70 » 4 8025 Pesetas 4 75 » 4 85

Flvefiiijos —90 » — 9-">

Mexican dollars.. — 66 » — 67Do unoommero'l » — —

PsruvianaoU —61 » — 62

0*pltal.Burplns

1802.A'or. 12.

Differtn'tjromfret. week.

1891..Vor. 14.

60,422,7006k.233.500

1890.Viw. 15.

«59,372,700 60,572,700

„,.,,,.„„ „.-.. 64,931,000 6-2,-213,100

Loans and dUc'ts 445,i».")S,800 Deo.3,000,300 408,519,500 393.277.900Oroulation I

3.60H.800 Deo. 44.6001 .i,538,400 3,490.500Net deposits '4.t1.(!O(!,40O I>ec.4,23.->.100 416,919,400 3'<(J..i71,S00

Specie. 7.).M3.0«0 Inc. 1.473.000 8J,036.-2O0 73,'.W5,4 lO

L*Kal tenders....j

40,437,500 Deo 2,531,400, 2y,645,800 21,!J16,000

Reserve held....|ll5.D30,50ODcc.l.O53.40O 113,682,000 95.811,400I/egal reserve.. ..lll2,901.(iOOiDeo.l.Oo8,775^104,229,850 96,643,700

djrplns reserve. 2,678,90o|lno

.

3751 9,452,150 def.832,300

Foreign Exchange.—Both sterling and Continental ex-

change have been very strong lately, and the higher rates are

attributed mostly to the small supply of commercial bills. Tlie

4emaud lia.s been stimulated to some extent by tlie falling due

of sterling loans which were not renewed and the short inter-

est in sterling is said to be still considerable. Actual rates of

exchange are : Bankers sixty days' sterling, 4 8434^4 85; de-

mand, 4 87>4@4 87}^; cablcs,'4 87»^@4 87?^,

The following were tlie rates of ajmestio exuaaag^ oa Sewfork at the undermea oned cities to-day: Savanuah, buying,

8pan.Doabloon8.15 53 »15 70 .„,_.„.Mei. Doubloons. 15 55 «15 70 i English silver.... 4 80 » 4 80Fine gold bars... par a i* prem. 1

1'.8. trade dollars — 70 • — —

State and Railroad Bonds.—State bonds are dulL Sales

include |15,000 Ark. 6s fund. (Holford) at7-83i ; $18,000 Tenn,

settlt. 33 at 76-77)^ ; $1,000 do. 6s at 102 ; $13,000 Ala., class B,

at 106 to 1061^ ; $10,000 do. class A at 103; $24,000 Ark. 78, L.

R. P. B. & N. O., at 16 ;$.5,000 do. Cent. RR. at 6.

Raih-oad bonds have been dull as a rule with less activity

than usual, even in special lines. There has apparently been

an attempt to depress Reading preferred incomes by getting

eports from London and PhUadelphia that the February

interest would not be paid in full, although earned

(according to the company's monthly statements), and

the bonds dechned about 2 per cent. The drive, however,

looks like an effort to depress prices for the purjiose of buying.

Atchison bonds met with a good, steady demand mthout

much change in prices. Northern Pacific consol. 5s are

steadier at Ti% and Chicago & Northern Pacific at 75,?^.

Two other 5 per cents of good standing are the Dulutli South

Shore & Atlantic at 101 and Chicago & Erie Ists at 101 J^.

These are both seUing lower than a short time ago. The Union

Pacific gold notes, 6s, due in 1894, are selling at 96, with 3 per

cent coupon due in February. The amount of th^ notts

outstanding has been reduced by purchase to $li, 117,000.

Texas & Pacific 1st 53 were depressed by rumors that tlie

December interest would not be paid, although the money is

said to be already in bank. The St. Louis Southwestern 1st 4s

also seU low at m%, owing to the prospect of smaUer earmugs

from cotton this year, which affects aU Texas rc«^. The

General Electric .5^, under the prospect of $8,000,000 newbonds, have declined to Wi%Railroad and Miscellaneous Stocks.—Stocks have b?en

duU but prices are generally steady at the moderate declme

recentlv made. Reading has been pres«-d down by vague re-

port-i that the interest on the incomes m February would be

paid in scrip, or not i>aid at aU, which reports are hanUv worth

repeatin"- except to mention the small effect produced on the

stock North. Pac. pref. was at one time the strong feature of

the market, and it was reported that Mr. Vdlanrs iiarty were

buvers. North American also showed a Uttle aminatton

around 13. New England sold to-dav at 43>, but the pubUc in-

terest in this stock has greatly diminishetl. Clucago Gas and

Distilling & C. F. have still been among the mojt active stocks,

but the other popular industrials have been more quiet, and

some of them are at easier prices, as may be set>n by the range

elsewhere. National Laad common and pn-ferred are a

trifie easier and probablv waiting for the result of •'- tia-

tions with the Linseed Od people. The new in«l'. Uwunlisted, the U. S. Kubbi.'r Co., sold to-day from J

, . '4


NEW YORK STOCK EXCHANGE—^Cr/FS STOCKS for week ending NOVEMBER 18, and since JAN. 1, 1803,

HIQHS8I Ain> LOWBST FBIOBS.

Saturday,Nov. 12.

SB's 39%

*87i4 881s6758 57^

126 126'8*28iii 291s2338 23%*61 62*41

*144 148102^8 10338*62 63*99i«100is801a 80'fe

124 124>4II6I4 1161s

'82% "83 is5113 52

119 119ei 63

Monday,Nov. 14.

87785

88 >4

5738

3914514

975b88'458

125»8 12618-28I2 29 4,

23 23%

'29 30•72 74133 13336153 153'eI7I3 17%5378 54 1«

*4% 51s*32 341s*10is Ills

*140 142•134% I35I2103 103i«*10ia 11*35 S72468 24^8*77is 781413314 I3314•103 10469% 69782558 2556•21 23

•133 1331s109 109*17 18457e*14%'2ft !«61*33"8411113111%•16 16i»•72 80•35 36%2658 26%62% 62%43% 4II4

•237 245t 195a 19%

19i«

71%•lOis39%*185078"2335%•73231s17185658•216138•35»

*^8

'144 148102=8 1035863 65

100 10080i« 8118mala 1231ansijiiesg142 1421s8218 831450is 51%119 12063 635).

Tuesday,Nov. 15.

37'8•41s961s88135714

126

383851696%8957 13

127

Wednesday,Nov. 16.

291s2316

2s» 29%-72 74133 1331517gl541758 17%533i478

'32

10140

54%478

3610

140

281s2278-60 ....•40144 14810258 103651s 65H(

100 1008OI4 805g

123% 123%11558 116

8214 8350i« 51

1191s 119%63 63%96 962838 28%72 72132 133I5II4 152i<-1714 1758

457e18%26'4613591

1

72141129%195II4;:3%35%7723%17%6722U613t369

4VS

133% 135102% 103•10% 11%•35 372414 2577% 77%132% 133%103% 103%70% 7126% 2658227e Vi3

132 133108 109%16 161^45% 45%•14%2560%*33%86

15%2561383586%

11U%1115836723526%62%43%23S19%lf%71%•10%40%18%5068•2335%•73•22%16%5538•21•>:0%35878

40

16723327%633844%

243197e19%72%1140%18%513s23%35%7723%175722%61%359%

40

54•4%

•341078

140

54=85%

35107e

140133 135103 103•10% 11-35 3724% 24%77% 7778

133 133103 10370 71%25% 257824 24%131% 132%108 108•16 1745% 46

37%596%89%57

38%597%9067%

125% 125%'28 2923% 233660% 60%•40%'144 14810258 103•65% 66%100 10080% 8058122% 122%11556 116%

Thursday,Nov. 17.

37^ 5%" 9790%57125% 125%•28% 292278 2360% 60%

37%5%97%907857%

8238 8350% 51119% 119%•62% 63%

•28% 30•71 73132% 132%151% 15217 17537e 54384% 4%

•33% 3510% 10%

140 140133 135102% 103•10% 11•35 30•24% 2577 »8 78132% 132%103 10470% 71562558 2621 25

132 133

•14%24786034•85

15%2.T%6038343888

11058 1105p16% 16%

111% 111%•7% 8

•14% 15%•43 45

"lOe 107113% 113%36 36%•10% 1135%•44•754038•17%

110% 110%7% 7%14% 14%43% 43%

'106 107113% 113%3553 36%

72•3326%62584338238 I

19%167871•10%40•18%50%•23•35•73•2116%55•21•60%•359%

40

803626%62%45143llrh193g7211401>5%

517e2430772316%56%22%01%37%9%

40

64977%40%|18%

•1158 12265e 265e23% 23%64% 64%•17 17%

45 4685% 86

10578 107%101% 101%87% 977838% 39%

•121 12264% 65lli%1147e133% 134%•112% 11445 4 5580458 9518% 12%•21 2431 31%•51198 L98•84% 85%•36% 38100 .05 •

98 5h 99%

9%34%•447739%'17%•1158262<!7e64%•17

10365077405818%1226%23%64%18

*110a»lll%73» 73814% 14%43% 44105 107II359I1435% 369%35'44•753938•17%11%262264

97633'>b508039%18%11%26%226864

164578•15243459%'34•85

'1111673%•3326%62%44%

•247 2331958 20%18%•71•10%40%18%51%22%35•72•22%16%55

16457815%2560%3588

1121673%36265862%45%

102% 103%66 66%99% 1007958 80%

123 123115% 116142% 142%82 826849% 60%119% 12063 63

28% 28%•71 75'131 132%151% 152%•16% 17%5338 54%5 533% 33%•10 11140 140133 135102% 102%10% 10%

' 36•24% 25%77=8 7758131% 132'8102% 102%70% 71%247a 25%25% 25%130% 131%

Friday,Nov. 13.

9157

^3678

"96%905857125% 126•28 292258 23%•60•40140 140102% 10258667, — -

100

STOCKS.

Active RR. Stocks.3738 Atohlson Top. A Santa Fe..5% Atlantic <fe Paolflo97% Baltimore & Ohio

Salesof theWeek,Shares.

Canadian PaoifloCanada SouthernCentral of New Jersey.Central PaolfloChesapeake & 0„ vot. tr. cert.

Do do . l8t pref...Do do 2d pref

Chlca);o & AltonChicago Burlln)?ton A Quincy.

67 %Cliloa»jo & Eastern Illinois. .

.

100I Do pref

79% 80%

•16•43•14%255J%34'85

174615%25593483

110% 110%

*iO•60•359

40

187871%1140%18%5122%37%7722%16%557,2261%37%9%

40

6978 697b11058111%•7% 7%14% 14%42% 43%105% 105%11378 11435% 36

45%86

4485

1063s 108101% 101%97 9838% 397e120% 121%6478 66%11279114%133% 134%112 11443% 45%9312%20%30%•51200

9512%22%31%52

200'84% 8535% 37100 10598% 99%

9%34%•44•7539%16%•11%262058•6278•16%

95835%50804017%1226%217e637817%

1674•32%266244

16%743626586344%

19^818%71'10%•401858515s•2337•71•2216%56%•20•60•359

38

20%19%7111411862%2141%76231755562261%37%9%

41

•110% 111%6% 7%13% 1442% 42%106 106113 11435% 35%9%34%•4475387816%11%2558206278•16

9%34%5075397;1711%26%2163%18

53% 54%6% 5%

•33 35*10 11139% 140133 135102% 103-10 11

36•24% 251477% 77 7e131% 132%102% 103%70% 7125 25255h 26%

12a 130%107% 107%*15 1645% 45%14%24%58%'33•do

14%24%59%3588

ChlcaKoMllwankeeiSE St. Paul.

64 65llO^H 111%

e-^ 6%13% 1442 42105 107113 11435% 35=8

43% 4584% 85%

10658 108%101 10196 97%38% 39%

12068 121%64% 65%112% 11413378 134%114 lis4358 44%92%12%•2030%52%

93%12%233153%

198% 198%84% 84%35% 36%

10598% 98 7t,

44%8558

43%8478107% 108%1015& 1016896% 97%39% 40%121% 12265% 60%

113 113%134% 134%114% 1154358 44%9312%203152

•198

93561268233152

199

44%85%

4484=8107% 103%102 10296% 97%39% 40121 12265% 67112% 113%134 134%115 115%43% 437|

9%34%•44

'385816%11%25%19%03%•16

95834%50

39%16%111!26206863%17

84% 84%36 36%

10598% 987*

93%12%2030%51

198

93%13%23;-o%51%199%

8478 85%85 3578165 105SB's 98%

12258 12258 bo pref115% 116 Cbtoago A Northwestern

Do- pref.8134 92%ChlcaKoRockT8lanrt&Paciflc.49% 497e Chicago St. Paul Minn. & Om119 120 60 pref62 6258 Cleve. Clnoln. Chic. & St. L

Do pref

-

23 29 ColnmbusHooklngVal. &T0I.1 75 Do pref

13l%132 Delaware 4 Hudson150% 151% DelawareLacbawannaAWest

Denver & Bio QrandeDo pref

East Tennessee Va. A GaDo 1st prefDo 2d pref.

EvansvlUe ATerre Haute..Great Northern, pref.lllinolsCentralIowa Central

Do prefLake Erie A Western

Do pref.Lake Shore A Mich. SouthernLong iBlandLoulBviUe & NaehvlUe,Loulsv. New Alb. & (IhlcagoLouisville St. Louis A Texaa .

Manhattan Elevated, oonsolMichigan CentralMtniieapolis A St. Louis

Do prefMissouri Kansas A Texas

Do pref.Missouri PaoifloMobile A OhioNashv.ChattanougaAStLouls

110% 111 New York Central A Hudson.•15% 16% New York Chic. A St. Louis..•72 80 Do 1st pref.•32 36 Do 2d pref.26% 2G%New York Lake Erie A West'n62% 62% Do pref.43% 44% New York A New England...235 240 New York New Hav. A Hart.1078 20% New Y'ork Ontario A Western18% 18% Now York Susquohan. A West.*09 71 Do pref.'10% H Norfolk A Western•40 41 Do pref.18% 18% Nortliern Paclflo51% 5178 Do pref.•23 24 Ohio A Mississippi40% 41% Ohio Southern•71 76 Oregon K'y ANavigiUii;n Co.•21% 22% Oregon bh. LinoAUtali North•16% 17 Peoria Deea*ur A Evausville.63% 56 Philadelphia & P.eadiui.-

•1:0 21% PlttebuigCinn. Chic. A »t. L.I60 . 60 Do pref'35 37% Pitts. A West., pref. tr. certs.9% 9% KIcliniond A West Point Ter'l

•38 41 Do prefRio Grande Western

Do prefRome Watertown AAgdensbSt. Louis Southwestern ......

Do pref.St. Paul ADuluth

Do prefSt. Paul Minn. A Manitoba..Southern Pactflc CoTexas A Pacific ,

Toledo Ann Arbor A N. Mich.Toledo A Ohio Central

Do pref.Union PaolfloUnion PacUlo Denver A Gulf.Wabash

Do pref.Wheeling A Lake Erie

Do pref.Wisconsin Central Comscellaneona Stocks.

American Cotton Oil CoDo pref.

113,9504,2179,3103,7443,5152,112

Range of sales in 1893.

Lowest.

8,162110

2023,21,100600

79,2ti71,5998,697

2923,4088,8;i5251

3,77420

830100

2,57013,0261,400

13,245304100430700

3,105100

1,6101,7955,230745

32,3054,9103.4003,6f5420600700100852

35,61010075

2,2321,210

2100

24.3053,000

43,607

32% May 214 Apr. 2192% Oct. 886 Oct. 2654% Sept. 15111% Jan. 19;14528 Sept. 2| 35

Highest

46% Jan. 4578 Jan. 2

101% Mar. 1294% Jan. 1264% Mar. 5" Feb. 29

Jan. 421% Sept. 16 28 Jan. 1459 Jan. 9 64% Jan. 1838% Jan. 9 44% Jan. 21139 Feb. 4|154 JiUy 2S95 Sept. 1560 Aug. "

96% Sept. 287558 Apr. 2120% Jan. 19111% Sept. 15141% Jan. 1275%Jun6 844 Jan. 19103% Jan. 2059% Sept. 1693 Jan. 16277e Oct. 566 Jan. 6

12278 Jan. 8133% Jan. 1915 Sept. 2345 Jan. 84 June 2330% June 21758 June 22

xll9%Jan.l5119 Jan. 2295% Sept. 16 110978 Julv 1935 Sept, 1620% Jan. 1969% Jan. 5120 Jan. 1995 Jan. 1864% Sept. 2320% Sept. 1

14% Jan. 6104 Jan.

13,33810,0602,750

4585

44%81106% 10758102 10296% 96%39% 39%

122 122t66 66%112% 113%134% 134%115% 115%43% 45

9413%

93%12%•2030%51

198 19884% 84%35% 36100 105

% 9S%

103% Sept. 158 Feb. 23

18 Mar. 514 June 624 June 654% June 733 Nov. 1084 Oct. 17107% Sept. 1515% July 772 May 193234 Sept. 1624% Sept. 1461 Sept. 1~

3078 Aug. 24224 Jan. 1517% Sept. 1510% Jan. 441% Jan. 29 Sept. 2337% Sept. 2917% Sept. 1947% Sept. 2119 Sept. 2819 Jau. 1270 July IS21% Sept. 1"

15 Oct. 2638 Jan. L

3 9% Sept. 1357% Sept. "

35 Oct. 236% June 2

37 Aug. 233% Sept. 1264 Nov. 18110 Jau. 196% 1-ov. 1713%Ki.v. 1739% July 6

205' 103 Jau. 199-7|112 Feb. 26

2,215 34% Sept. 13• —' 7 July 1

23 Apr. 1

45 Oct. 675 Oct. 1336% Sept. 15157eJuly 11

400 10 June 8

3221,0

21,36360

3,020

7002.377

373.220

"iYo100

3,215400

110% Jan. 2S70 Jan. a104 Feb. It8468 Aug. 1

12878 Mar. S12178 Mar. 6147% May 2*94% Jan. 754 5e Aug. ^123% June 976 Jan. 799% Aug. IIV40 May 1880% June 3149% Apr. 7167% Feb. 29'19% Jan. a54% Nov. 1»9% Jan. 751% Jan. IX20 Feb. 29151 Sept. 9>

144 Aug. 11Jan. 5

15% Jan. 456% Feb. 1927% Apr. 1880 Apr. 18140% Mar. 5112 June IT84% Jan. 331 Jan. 726% Nov. 18!

139 Aug. 19117 Mar. 521% Aug. 1048% Aug. lO-20% Jan. 1833% Jan. 1865% Jan. 442% Jan. 391 Jnne 2k

634400

2,5402,2 lOl1,179

4,9308,490

'•-456'

33,6401,355

7,3504,680820

22% June19% Nov. IS6278 Nov. 1715*8 Sept. 15

119% Mar.22% Jan.81% Jan.45 Jan.34% Jan.77% Mar.59 Mar.

252 June _23% Feb. 1120% Nov. 274 Nov.18 Jan.66 Jan.26% Jan.72% Jan.24 Jan.41% Nov. 18.91% Jan. 2833% Jan. 42278 Jan. 465 Feb. 113058 Jan. 5.

67% Jan. fr43% Apr. 2»17% Feb. la;79 Feb. la41 Jan. &.

74 Mar. 11113% June 30

1044335

11% Jan.22% Jan.4878 Jan.108 Oct.116% Jan.41% Jan.14% Jan.38 Nov.52% Feb.88 Feb. 1160% Jan. 4,

25 Jan.15% Jan.33% Jan40% Jan.80% Jan.21% Jan.

aa77464lO18

444

44

Am. Sugar Ref.Co 189,976Do pref

Chicago Gas Co., trust rec'ts.Colorado Coal A Iron. ,

Consolidated Gas CoDistilling & Cattle Feed'g Co.General Electric CoNational Cordage Co

Jo pref.National Lead Co

Do pref.North American Coij»4 j>orin Amer

22 Oregon Impi30% Pacirtc Mail

rovement Co

.

52% Pipe Line Certificates? i.

Pimman Palace Car CoSilver Bullion Certificates....Tennessee Coal A Iron

Do pref)hWestern Union Telegraph .

.

50,86104,7386,7402,169

156,698

15,6688,3716,090

12,5261 32% Jan. 19| 4778 Aug. 195.226 63% Jan. 19' 867r Nov. 11

78% Jan. 19 115% Aug. 2590 Jan. 19 107% Aug. 1971% Jan. 2; 99% Nov. T28% May 24 43% Oct. &

102 Jan. 13 124% Nov. 344% Mar. 9; 68% Oct. 2S

14,598104% July 7 11978 Oct. 76,146 91% Mar. 7 135 Oct. 54,472 100 Jan.' 4 123% Aug. 17

30% Mar 24 48% Oct. 2781 Mar 24 99% Aug. 2211% May 18 1878 Jan. 419 Juue 14 29% Jan. 4

2,800 29% Sept. 16 40% Jan. 432,000! 50 Oct. 17! 64% Jan. la

320 184 Jan. 4 200% May 11148,000 82% Aug. 12 93% Jan. 4

5,207 31% Julv 11 30% Mar. 1014 92 Feb. 23 108 Apr. 21

17,840 82 Jan. 19)100% Aujr. 16-

^ IheseareUie prices bid and asked; n sale made. iPtloeg from both Exolauges. x Ex dividend

November 19. 1893.J THIS (jflKONlCLE. 843

BOSTON. PHILADELPHIA ANU UALTIMOBB STOCK EEXOHAMOBS.

Active Stock*!1 lailioalct uiillDted

fctsh.kt\n"B>l'

I-.

id

T. A 8. Fe r£a>/oit;.100,l„ €. !.... •• 100

i\0(BaU.).\0O100

1 " 100aatoii.i: Albrknr(£<u(an;.1008}at<in A: I^weilBoatiiii & MaineOcatrnI of Mans.

Prefi>rreil

OlIcBurAQaln.OUo. Mil. dk lit. 1'

100100100100100

^PAU.MOOOklo. A W. Mich. CKtutonMOOOlere. * Caaton " 100Preferred.... " 100

Pltohharg pref. " 100PI. A Pen Marq. " 100Preferred " 100

Bint.&Br.Tos.(rhUa). 50Preferred " to

LehlKli Valley " 50Maine Central {Botlon).100Mezloan Central •' 100

Y. A N. Eng. " 100Preferred.... " 100

Varthern CentraK'Balf.;. 50VorthiTu PaoUlorFAi7a.>.100Preferred " 100

Old Colons- fBo»ton;.100Penneylvanla.. (PAUa.j. 60Phlladel. * Erie. " 60Phlla.iReadtne " 50Bammit Brunvli (Botlon). 50Onion Pacllio '• 100Onlt«dCo».ofN.J.rPAi7o.;iOOWeataruN. Y.&ParPAao.; . 100

iniaeellaneoaa Stocks.km.Sag'TR»ttu.'i',(Bos(onjPreferred "

Bell Telephone ..'• 100

Boat. A Montana " 25BatteABoeton.. " 25Oalamet & Heula " 25OsQton Co (Bail.).lOOOonaoUdatcdOaa " 100Brie Telephone (Boston).\00General Electric. " 100Prsferred " 100

Lamson 8tore8er. " 50LeHrhCoal&Nav 'PAii..* 50K. Ens. Telephone fBotfn) 100Horth American. (PhU.). 100Vest End Land.. (Bo$en)

* Bid and asked pnces;

hara Price* — not Per Oeataae Prleea.

Batnrday,Nov. la.

30 30 M

80>i ea>9

'201 >• 303IriS 185173 17817 17>«45 43103 10380>e 80^45 46•3

'ia««81

6S>i40 >e

53\57>«

127'«11%43\07•d5•18>4

50'a179A3\•32

•640 3g

230>4*7

ei>

405n

57»s127 >«

11\44%93

SlHi

63'e33 Hi

409g

lOS'^ 107iom« \oi^208 20332 '8 32 »«

288 29072'e 7462^ 62\45^ 46

1141a 115118 118*16 17>a53^ 53\

• 60•12 12>«•1758 17\no sale was

Monday,Nov. 14.

3J 89>44>»i« 8>«97>« 97<«

204H 20.>

183 1X3175 175\•16>t 17>«45 43102^ 103>l*80>« 8144 465*19>e 8083 83>i

40i)g

5.'iî

ST^

"iTvi4SII8

96•65ISk50\18053 >4

3327%

230>47%

7040%63%57»812714>444>*97

18'«5138

180\t63'83328 >•

C\40>i

—ft

1063a 108101>«101>a207 "a 20833 34^30>« 9>4

2S»0 290•72>s 7462 62>446 46

113 114llSmiSJe16 16531s 53%59>a 59>s

ifos'msmade.

Tuesday, Wedneeder, Tborsday, rrtdny,Nov. 15. Nov. IS. Nov. 17. Nov. 18.

OU 6040<« 4155% 55%67 67%

127*14 14%43!>g 44%90 98*65>« 07•la's 18%SO'a 510H

181 18153>4 53'«*33 3327»j« 28

6%3938 39%

230>« 230>4•7 7i«

106% 10838101 101207 1« 207 1«3ti3 347^•9 91s

295 2,'>5

*72>s 7460 601846% 47

1123g 1131s118 118'16 17>s53=8 53%59>9 59>s

i7=8 "li"

37 ««•4''«

*»61S2>«120>t204%183IT.'i

•l«ii41102%80ie•43•510<«83

S9%6

97

iso'ii

203

iViiii17%441s10380%

a1D%83%

40% 40%*55»g 65%57 67%

12714 1444% 45%98 98%•65%'18% 18%51% 61%

181 181639^ 63%•32 8327»ie27l>^

"393b 89 's230% 230%'7 7%

107% 103%10 1 (>8 102207 207%33% 33%9% 10

293 29572% 72%60 6047

11311816

47%113^811817%

53% SB's59% 59%12% 12%17% 18

374%

06

lii"204%183176*16%•44102%79'%'42%6

•1083

87%4''»

90

iiji'204%18317317%45103%80%

6%2083%

69 6941 41%55% 5667 67%

12713^8 13T844 44%97% 10066% 60%18% IS'p51% 32%181 18153% 33%•32 4 3327i>u 27%

6%3878 39%230% 230%•7 7%

107% 108102 102207 207%33% 3110 10%

290 290'72% 7339 59%47 47112% 1131171s 118•18 17%53% 53%

' 69%13 13%•17% 17%

Baleeof tbeWeek,Sharea.

87%4%

97

36%4%

•96133'120201% 201%•1H3%173•16%•14102%79%

17617%45102%80%

•5 ....,

19 1983% 83%

41% 41%•35 66%67 67%

' 12713% 13%48<>8 41%07% 98•66 67183« 18%61% 61%181 18163% 63%•32 3327Hi8 28

38% 39230% 230%•7 7%

108% 107%lOlOg 102206 207333a 3110 10%

•283 288•72 7158% 59•17112% 112'8•117 118•16 17%'53 53%5J% 59%12% 13%17% 17%

BeageOfMlee IsUM.

UamtM. BKkMl.

lieS,5S3935

8,8293

90013.6112,639

398,1 UU

12,825201

6,2t820

107.710

l6',3662030

21,930773864

0,6192,830274100

3,118421

4,08759«0

46561

1.360749

•3% May 314 Mar. 9

84 Jan. «180 Jan. 13118 Jan. 18199 Jatt. 8178 Jan. S169 Jan. 3816%8ept.l788 Jan. 396% Sept. IB76% Apr. 344 Nov. 145 Nov. 1717 Sept. IS80 Hepl. 1317 Bept. 1668 Nov. 736% Jan. 3746% Jan. 21

««%Jm. 46''«Jaa. I

100% Mar. IB136 Pcb. 18138 June IB300 Mar. •183%JonaaO188% Oct 1719% on. 2748 OrA. 37110% Jan. SB84%Aait. %65 Mar. 818 Feb. IS33 Jan. «93 May IS38% Mar. SB87 Apr. a41% Nov. 1766 Bent 3t

60% Jan. 13 62% Fet>. 11113 Mar. 14 137% May 1713% Nov. 181 34% Jan. 431 AOK. 26 58% Mar. t75 May 4 114% Jan. B63 July 13. 69% Mar. IB17%8ppcl9 26% Jan. S47% Hepl. 21 72% Jan. 51

161% Jan. 5 187 May 1153 Nov. 9 37% Jan. 131 Hept. 20 40% Mar. S

19>i8 Jan. 19i 34% Feb. 115 Mar. 29 1 7 Feb. 1586% Rept. 13' 50% Jan. 4x223%Mar21 232 June 177% Nov. 10 10% Feb. 18

78% Jan.90% Jan.192 Mar.30 Bent.7 July

253 Feb.60% Jan.43 Jan.43% Jan.104% July117 July14% Feb.48% Jan.60% Feb.12 May16% Jan.

115%107%21043^817%

3007363%47%llO's1202165%6318%30%

Autfr 3BAug. IBJan. ISMay 38Jan. 8Aug. 15AuK. 28Nov. 7Jniy 14Oct. 7Aug. 10May IBPeb. UOat. SJan. SMay IB

Inactive Stocks.

Pricu of Xov. 18.

Atlanta & Charlotte (£aJ(.).100Boston iSc Providence (Bo«/on). 100Camden <& Alautio pf. {.FMla.). 50Oatawlssa " 60

1st preferred " 60Sd preferred " 60

wsntral Ohio (BcUt.). 50Qliarl. Col. & Auitusta " 100C'onnectlcut & Pass. (£o«f<»i).100Connecticut River... " 100Delaware* Bound Br.(PAite.).100Har.Ports.Mt.JovAL. " 60Kan. Cy Ft. 8.&<Iem. (J7o(ton).10OOPreferred " 100It. CltyMem. ABlrm. " 100Little SohuylklU (PhUa.). 60Manchester & Law.. (£o«(on). 100Maryland Central.... (Bait.) 60Mine Hill <Sc 8. Haven (PAiâ.). 50NesquehoninKVal.... " 60Horthcrn N. H (So»ron). 100Worth I'euusylvauia. {PMla.). 50Oregon Shori Line. ..fi<o»to»>. 100Pennsjivauia i N. W. (Phila.) 50BaUaud (£o<ton).100Preferred 100

Bîboard <Sc Roanoke. {Ball.) 1001st preferred , '• 100

WeatEnd .(Boston). 50Preferred " 60

West Jersey (Phila.). 80West Jersey ^ Atlan, " 50Western Maryland.. (Bait.). 50WUni. Col. Si AuKUSta " 100WllmintcfuAWeidon " 100Wiscon.sln Central... (Sosfon). 100Preferred " 100

Woro'st.Nash.&Roch. " 100MIKCKLI.AII£OrS.

AUonez Mining (Boston). 25Atlantic MiniuK " 25Baltimore Traction.. (Bolt.) 25Olcy Passenger KK... (Batt.). 25Bay State Gas (Boston). 50Boston Land " 10Oentcuuial Mining... " 10Port Wayne Electric^ " 25Franklin Mining " 25Freuchni'n'sBayL'nd " 8Haron Mining " 26Illinois Steel It " 100K<*ar«arge Mining.... " 25Mel. 1 rue. Co (PhUa.)Morrin Canal guar. 4. (PAi<a.).100Prelerrid guar. 10- " 100'

Osceola Mining (Boston). 25iPallman I'alace Car.. 100Qoincy Mining " 25Tarnaraclf .Mmtiitr * 23Thom.Europ.E.WeldU '• 100Unileil iini' Inipt. (Phit.l (

Bid.

255257

r27-

6852% "ii"

122%

82

572

7351

"8l"21%

•9010%26%81315%

12144%

Ask.

12135

31%197%1371001061%

Inactive stocks.

81%22%

72%8760%2011

73

"is"

l6% "17%

•91

11%279031%

812%11%6%

12%

35198%110162

«*2%

Water Power (fjoa(o»).l00Westing. El. tr. reo.H '• 60

Bonds—Boston.At.Top.<fcS.F.100-yr.rg.,1989, JAJlOO-ycar income 5 g., 1989.8ept.

Burl. & Mo. River Exempt 6i>, J&JNon-exempt 6s 1918, JAJ;Plain in 1910, J&J,

Chic. Burl. i Nor. 1st 5,1926, A&OI2d mort. 6s 1918, J&DDebenture 6s 1890, J&D

Chic. Burl.A Quincy Is . .1922, F&AIowa Division Is 1919, A&O

Chic.&W.Mich. gen. 58, 1921, J&DConsol. of Vermont, 58.1913, JiJCurrent River, 1st, 58. .1927, A&ODet. Lans.A Nor'n M. 78 . 1 907, JAJBastern Ist mort. 6 g., 1906, MASiree.Elk.AM.V.,lat,08.1933.AAOUnstamped 1st, 63....1933,AAO

K.C.C.A Spring.,lst,5g.,1925,AAOK C. F. S. A M. con. 68, 1928, MANK.C.Mem. A Blr.,l8t,58,1927, MASK.C. St. Jo. AC. B., 7s. .1907, JAJiL. RockAFt.8.,l8t,78..1905,J4JLoui8.,Kv.A»t.L.,l8t,6g.l926,AAO:2m.. 5—6 g 1936, AAO

Mar. H. A Out., 68 1925, AAOExtcn. 6s 1923, JAD

Mexican Central,! g... 1911, JAJIst consol.incomes, 3 g,non-cum.2d consol. incoujce, 38, non-cum.

N. Y. A N.Eng,, 1st, 7B, 1905, JAJIst mort. 6s 1905, JAJ2d mort. 68 1902, FAA

Ogden. & L. C.,Con.6B.1920,AAOSInc. 68 _1920

Butland, 1st, 68 1902, MAN2d, 58 1898,F&A

Allegheny Val.,'7 3%8, ISliS. JAJAtlantic City 1st 58, g., 1919,MANBelvldere Del., let, 6a. . 1002, JADCatawlssa, H.,78 1900, FAA

I Clearfield A Jeff., Ist, 68.19-27,JAJI Connecting. 6a 1900-01, MASDel. AB'dBr'k,l»t,78 1

EHStonAAin. l8tM.,.~i9. :

Elmlr. A\Vilm.,lst,69. i

'Hunt. * Br'dTop,Con.5s.'Uj,AAOLehigh Nav.liss 1914, 0-JZd68,g6ld 1897,JAOGeneral mort. 4%8, g. 1924,Q—

F

Lehigh VaUey, 1st 68. . . 1898, JADI 2d78 1910,MAS• Consol. 6 1923, JADNorth J'eun. lat, 78.... 1896, MAN:Gen. M. 78 1903, JAJI

Pennsylvania gen. 6s, r..l910, VarConv>l.68, o 1905. Var

, Consol. 5a, r 1919, Var' Collat. Tr. 4% c 1913, JAI>

Bid.

2%37%

82%57

lioi'

92

93

102%

7010110121

Ask.

38

82%

101%101

9395%

80

111%

101%41%

92%

SlO<i5100J 66

|109

Bonds. Sid.

66%2816

119 '

101

:idi%

110% 111101111118118116127109%119101109111%

103I

110 i

i

133%'127%!

109% II0%<127% l'J8%12H'i121%111

11

110 I I

Pa. A N. Y. Canal, 78. . . 1906, JADConsol. 58 1939, AAO

Perkiomen, 1st ser., 58. 1918, Q—

J

PnlIa.A Erie gen. M. 5g.,1920,AAOGen. mort.,4g 1920. AAO

PbiU A Bead, new 4 g., 1958, JAJIst pref. Income, 3 g, 1938, Feb 12d pref. Income, 3 g, 1958, Feb. 1Sd pref. Income, 6 g, 1958. Feb. 12d, 78 1893, AAOConaoL mort. 7s 1911, JADConsol. mort. 6 g 191 1, JADlmprovementM.6 g., 1897, AAOCon.M.,5 g..atanipe<l,1922,MAN

Phil. Read. A N. E. Is 1912Incomes, series A I95iIncomes, series B 1952

PhIL WUm. A Bait, 18.1917, AAOPitta. C. A Bt. I..., 78. ...1900, FAAPo'keepele Bridge, 6 g.l93U.FAAacbuyl.R.E.Side,l8t5 g.l935, JAUBteuben.A [nd., Ist m.,58. 19 11,JAJUnited N. J., 6 g 1891, AAOWarren A Frank.. l8f,78,1896,FAA

Bonds.— Baltimore,Atlanta A Charl., IslTs, 1907, JfeJIncome 6s 1900, AAO

Baltimore A Ohio Ig., 1936, AAOPitts. A Conn., 5 g...l925, FAABtaten Island, 2d, 5 g.l926. JAJ

Bal.AOhio S.W.,lst,l%g. 1990, JAJCaj)eF.AYad..8or.A.,6g.l9l6. JADSeries B., 6 g 1916, JADSeries C, 6 g 1916, JA1>

Cent.Ohlo,l%g 1930. MASCharl. Ool.AAag. Ist 78.1896, JAJOa. Car. A NorD si 6 g. . 19^29, JAJNorth. Cent. 6a 1900, JAJ6s 1901, JAJSeries A, 5a 1926, JAJ4%8 1926, AAO

Pledm.ACum.,lst, 5g.l9ll, FAAPitU. A Councils. 1st '78.1898, JAJVirginia Mid., Ist 68. . . 1906, MAa2d Series, es 1911 MAS3d Series, 6s 1016, MASItb Series, 8-1-68 1921, MAS5th Series, 6a 1926, MAS

West Va. C. A P. 1st, 6 g.l911. JAJWesfl. y.a Consol. 6 g. 1914, JAJWllm. Col. A Aug., 6s.. 1910, JAD

I MISCCLLAXBOUS..Baltimore—City UaU61.1900,I Funding6s 1900,i West Maryl'd KB. Os.. 1902, JAJ1 Water 58 1916, MANFundlng6s 1910, MANExchange 3%« 1930.JAJ

Virginia (State) 3s, vew. 1932, JAJChesapeake Oas, 6s 1900, JADConsol. Oa8,ee 19 10, JAU53 1939, JAJ

iBoultabie 0»». fl« 1913. A.fcO

128 •.•••111 ....—

lis100%'85%| 86's75% 75%68^8 69%61%l 61%103 101

131<a

106105%

77 1

62 .••^35 .—

~

115% ilim70% •.•106

"•••

102 >-••«106%'

117%'U8>«

ioo%|ioi%

ii'03107 107%9193% 9691102^8 -—102% 103101 101%111% 113%118111% 113108

111% 115113 lis111 112105 10«7798^4 m108 1081a

se

111 ...—m

119

122% ...m100% 100%71 71%109% ....11.^ lis101 101%110

1 Unllsied. i And aooraed Interest. 4 lAst.pri«e tlus weak.

844 THE CHRONICLE. [Vol. LV,

NEW YORK STOCK EXCHANeE PRICES (Continued).—^GTJFS BONDS NOV. 18, AND FOR YEAR 1899.

BlILBOAD AND MlSCEL. BONDS,Olofng

Inter'tl\ PricePervod.'Non. 18

Q-FJ dc J4 & OSept

A & OJ & JM & 8

Q-JM& NJ & JQ—

M

M& NJ dc JJ & iA & OM & NM & SJ & J4 J

J &M& NM & 8F & AM & NJ & OA& OM & NH& NOct'b'rJ & J&

8457%STê71»sb,13

H7i4b.106101 %b.71J«a.118 a.

119 b.111J411312a.102 a.

llOifibllOifib.11514b.ioa%79^87979 a.

di

&,

&.

&&&.

&Q-FJ & DA & OA A OM& KM& NF & AM & BJ & JJ <b JM & 8J & I>

J & JJ& DJ & JA & OApril.F& AF & AM <& 8J & I)

M di MJ & J& J& O& J& N& Jdi 8di 1>

101106%

86ifcb,

115>«b,

99%lOlifi45I392129 b.

llSiab.117 b.

110

106 "iib.

lOSisa.

116 Sib137 b.

125iflb.limb.

Amer. Cotton Oil, deb., 8 g.l900AtTOD.&S.F.—100-yr..4g.l9892d 2V48, g., CI. "A". ...1989100-year income, 5 « 1989

A.11. & Pac—Guar, 4 g....l937W.D. Inc.es 1910

Brookl'n Elevat'dl8t,6,g.l924Oan. Soutli.—l8t guar., 58 1908Sd,SB 1913

Oent.Ga.—8.& W. l8toon.58,'29Central of N. J.—Cone., 78. 1899Consol., 78 1902General mortgage, 5 g..l987Ijell.&W.B.,con.,79,asM.1900do. mortgage, 58 1912Am. Dock & Imp., 5b.. ..1921

Oentral Paciflo—Gold,68..1898Ohee. & Ohio—Mort, 6 g..l911lBtoon80l.,5 g 1939Gen. 41SS, g 1992B.dtA.Dlv.,l8tcon.,2-4g.l989

do 2d con., 4 g... 1989CbXe. Burl. & Q.—Con., 7s. 1903X>ebenture,5B 1913Convertible 5s 1903Denver Division, 48 1922Nebraska Extension, 4s. 1927

OUc. & E. 111.—Ist,8.f.,6s.l907Con80l.,6g 1934General consol. l8t,58..1937

C31ilcago&Erie-l8t,4-5 g.l982Income, 58 1982

Ohio. Gas L. *C—Ist, 5 g.l937Ohlc.Mll. &8t.F.—Con.78.1905

let, Southwest Div., 68.1909let, So.Mln. Div., 68. ...1910l8t,Ch.&Pao.W.Div., 58.1921CWc. & Mo. Blv. Div., 58. 1926Wis. &Miun. Dlv.,5 g..l921Xermtnal,5 g 1914Gen. M.,4g., series A.. .1989MU.& Nor.— 1st, con., 68.1913

OUc. AN. W.—Consol., 78.. 1915Coupon, gold, 78 1902Sinking fund, 68 1929Blnklng fund, 58 1929Sinking fund debeu., 58.193325-year debenture, 5... 1909Extension, 46 1926

Ohio. Peo. & Bt. Louis—5 g.l928Ohio. R.I. &Pac—68, coup. 1 917Extension and col. ,58. ..193430-year debeut. 58 1931

Chic. St. P. M. &0.—6s.. ..1930Cleveland di Canton—5.. .19170. CO. & I.—Consol.,7 g.l914General consol., 6 g 1934

C.C.C.&St.L.—Peo.&K.48.1940Income, 48 1990

Col. Coal & Iron—6 g 1900Col. Midland—Con., 4 g...l940Ool.H.Val.&ToL—Con.,5g. 1931General, 6g 1904

Denver & Kio Q.—l8t,7 g.l900lBtC0U80l.,4 g 1936

Det. B. City Ji Ahiena—6 g. 1913Det.Mac.&M.—L'dgrant8.1911Dm. So. 8h. & Atl.—5g 1937E.Tenn.V diG.—Con.,5g.l956Knoxville & Ohio, 6 g...l92o

Ellz. Lex. &Big8an.-5 g.l902rt W. dsDenv.City—6g..l921Gal.H.&8anAn.-VV.Div.l8t,5g. M dt NHan. &8t. Joe.—Cons., 68.1911 M ds 8nilnolB Central—4 g 1952 A di OInt. <fe Gt. No.—1st, 6 g 1919 M d[ NConp.,6 g.,tr.rec.stmpd.l909 M dc 8

Iowa Central—l8t, 5 g 1938 J & DKentucky Central—4 g 1987 J & JKlngBCo. El.—l6t,5 g 1925 J & JlAoledeGas—Isl, 6g 1919 Q—

F

IiakeErle&WeBt.-5g 1937 J & JIi.Shore—Con. cp., let, 78.1900 J & JConsol. coup., 2d, 78 1903 J di D

tonglsl'd-let, con., 5g..l98l Q—

J

General mortgage, 4 g.. 1938 J & DLoula. & Nasli.-Cons., ,e.l»9alA & O».0. diMob. Ist, bg 1930 J &. J

do. 2d, bg 1930 J & JGeneral,6g 1930 J & UCnlfled, 4g 1940 J & JNaBli.Fl.&Bh.—l8tgtd.5g.'37 F & A

I,oale.M.A. &Ch.—l8t,68.1910 J & JConsol., 6 g 1916 A & O

LonlB. St. L. <feTexas—6 g. 1917 F di AMetro. Elevated—let, 6 g.l90S!J & JSd,6s 1899;M &. NI106 b.

Mloh. Cent.—lsl,con., 78. .1902 M& N|119 b.Consol., 58 1902 M& nI106

Mll.Lake8h.&W.—l8t,6g.l921 M& NlExten. & Imp., 5 g 1929 F & Alioyisa.

M. K. di T.—Ist 4b, g 1990 J <k D| 8II4M 48,8 1990 F & A 47Mo.Faoifio—1st, oou.,8g.l920M ds nL ..

8d,7B 1906 H di N 114P»o.ofMG.—l8t,ex.,4g.l938F & a! Qii-'a2d eiLteoQed 58 1938 J & J 107

Range (scUei) in 1892.

Lw/oetU Highest.

106 b.

10314b.94i6b.99 a.

124 b.lOm9558122 b.

93 b.

7914a.27 b.

IO41466 b.

9297isb.

llSHib.861660 b.

38 b.

93 1«ll;0=8b.97I11

1011*96 b.

115iab.100 â.129 b.

90 lab.

8514b.9919SSOg111 b.

120isb.124 b.

115 b.

94 b.111 b.121i8b.110 b.120 a.

81%100 b.

112 b.

105OS's

1181a

107 14 Jan.81% Feb.561a Nov.53 May67 July10 Aug.

Ill Jan.1 0518 Jan.100 Mar.67 Sept.115 Jan.119 Nov.1091a Jan.109 13 Jan.94 Jan.

1051a Jan.109 Sept.1141a Apr.102 Nov.78i4 0ct.76 Jan.751a Jan.

1211a Jan.100 Nov.105 Oct.911a Feb.86 Nov.1121a Jan.119 Oct.97 Jan.971a Jan.421a Oct.86 Jan.

125i4Jan.1121a Jan.US'* Jan.106 Jan.10014 Jan.103 Jan.103 Jan86I4 Jan.

IIII4 Jan.136 Nov.1231a Jan.1141a Sept.1051a May105 Apr.103 1« May96 Jan.96 Mar121 Jan.99 'g Sept.94% Sept.120 Feb.88 Jau.

1281a Jan.1181a Jan.78 "s Nov.26 June99 May66 Sept.87'a Jau.93 Jan.115% May77% Jau.60 Oct.36 Apr.95 Mar.90 Mar.961a June81 Mar.981a Jan.95»e May114 Sept.961a Jan.tl06 Feb.73% JulySS's Sept.81 Jau.971B Feb.80 Mar.

10714 Jan.119 Sept.121% Enu.113 Apr.91 Jan.110% Oct.1171a Jan:108 Jan.II514 Jan.78% Jan.98 Feb.

lOS's Jan.99 Apr.871a Jan.1131a Jan.105 14 Jan.119% Nov.106 Nov.123 Jan.1041a Mar.79 June451a Juiy

1061a May1121a Jan.96 Nov.102% Jan

II314 June8558 June58 Nov.66% Jan.74 Jan.14 14 Jan.

1201a Sept.110 June10478 Feb.85 Feb.

119 June1231a Mar.114 June114 June102 Aug.111 June113 June119 Feb.107 Apr.84''e May81 Aug.8O14 June126 June1051a Apr.114 Jan.941a June911a Aiir.118 1« .ây123)4 July104 Apr.1041a Apr.53% Feb.94% June

I3214 June1161a Apr.118 June111 June106 June108 May108% Aug921a June117 Aug.1 42 Apr.I2714 May120 Mar.Ill June109 Aug.1 07 Mar.lOOia Jan.101 Apr.126% June1041a .May981a Feb.124 la May951a June135% May123 July83 Feb.34i« Feb.19414 Nov.74 Jan.98 July105 May119 Apr.S6I4 Nov.80 Feb.44% Oct.105 May100 Feb.108 Jan.100 Aug.105 May99 Oct.11858 Feb.102% Sept.130 Aug.82 Jau.96 Feb.86 June1021a June85% Nov.114 June1241a Oct.126 May117 Aug.971a Aug.115 Feb.1211a JunellOij Apr.ll9i«May831a Oct.

101 'b June113 June105% Nov.100 Aug.12014 June110 Juue124% Apr.1081a Apr.128 July110 July83 May54% Jan.113 Oct.117 Oct.100 Jan.109 June

Railboad and Miscel. Bonds.

MobUe dt Ohio—New, 6 g.. 1927General mortgage, 4a... 1938

Nash. Oh. & 8t.L.— Ist, 7s. 1913Con., 5 g 1928

N.Y. Central—Extend., 58. 1893let, coupon, 78 1903Deben., 58, coup., 1884. .1904N. Y. &. Harlem—78, reg.1900E. W. &, Ogd.—Con., 58. .1922

N.Y. Chio. &8t. L.—4g...l937N. Y. Elevated—78 1906N.Y. Lack. & W.—1st, 68. .1921Construction, 58 1923

N.Y.L.E.&W.—I8t,oon.,7g.l920Long Dock, 7s 1893Consol., 6 g 1935

2d consol., 6 g 1969N. Y. Out. & W.—let, 6 g..l91'lConsol. 1st, 5g 1939

N.Y.Sus.diW.—I8tref.,5g.l937Midland of N. J., 6 g.... 1910

Norf. & South.—Ist, 5'g...l941Norf. & VV.—100-year, 5 g.l990Md.&Wash. DiT.-lst,5 g.l94I

Nortb.Pac—lst,ooup.,6g.l921General, 2d, coup., 6 g..l933General, 3d. coup., 6 g..l937Consol. mort.,5g 1989Chic. & N. P.—let, 5 g. . .1940

North. Pac. &Mon.—6g...l938North. Pao. Ter. Co.—6 g..l933Ohio di Miss.—Cons, e.t, 78. 1898Consol., 7s 1898

Ohio Southern—let, 6 g...l92lGeneral mort.,4g 1921

Omaha & St. Louis—4 g ..1937Oregon Imp. Co. -1st, 6 g.l910Consol.. 5 g 1939

Ore.R.&Nav Co.—I8t,6g.l909C0U80l.,5g 1925

Pa. Co.—41a g., coupon. ...1921Peo. Deo.&Evansv.—6g..l920Evansville Div., 6g 19202d mort.,5g 1926

Phila. & Read.—Gen., 4 g. 1958Ist pref . income, 5 g 19582d pret. income, 5 g 19583d pref. income, 5 g 1958

Pittsburg & Western—4 g. 1917Rich &Danv.—Con.,6g..l915Consol., 5 g 1936

Rich.&W.P.Ter.-Trust,6g. 1897Con. Ist&col. trust, 5 g. 1914

Rio G. Weateru— Ist, 4 g..l939St. Jo. & Gr. Island—6 g. . 1925St.1.. Alt. &T. H.—let, 78. 1894St, L. & Iron Mt. 1st ext. 5s. '972d, 7g 1897Cairo Ark. di Texas, 7g.. 1897Gen. R'y & land gr.,5g.. 1931

et.L. diSan Fr.—6g.,Cl.B.19i)66 g., Claaa C 1906Geiieral mort., 6 g 1931

8t. L.So.West.-Ist, 48,g..l9892d, 4s, g.. Income 1989

8.P.M.&M.—Dak. Ex., 6 g.l9101st consol., 6 g 1933

do reduced to4iag.-.MontanaExteusion, 4 g.l937

San A. & Aran. P.—let,6g. 19161st, 6 g 1926

Seattle L.8.&E.—Ist.gu. 6.1931So.Car.- let, 6 g., ex coup. 1920Income,6s 1931

80. Pac, Ariz.—6g 1909-1080. Pacitic.Cal.-6g 1905-12

1st, consol., gold, 5 g 1938So. Paclflc,N.M.-6g 1911Tenn.C.I. &Ry.—Ten.D.,l8t,6gBlrm. Div., 6g 1917

Tex. & Pac— let, 5g 20002d, Income, 5 g 2000

Tol. A. A. & N. M.—6g 1924Tol. Si Ohio Ceut.—5 g 1935Tol. Peo. & West.-4g 1917Tol. 8t. L. di Kan. C—6g..l916Oniou Paoitlo-6 g 1899Sinkingfuud. 88 18931Collat. trust 4is 1918Gold 6s, col. trust notes. 1894Kau. Pao.-Den. D1V.-6 g.l899l8tcou8ol.,6 g 1919

Oregon Short Line—6 g..l92'.2Or.S.L.&Ut'hN.—C0U.5 g.l919U.P.Den.& Gulf con. 5 g.l939

Onion Elevated—6 g 1937Virginia Mid.—Gen. m.,58, 1936

do stamped guar.Wabash—l8t,5 g 19392d mortgage, 5 g 1939.Debeut. M., series B 1939

West Shore—Guar., 4s 2361West. N. Y. di Pa.—1st, 5 g. 19372d mort., 3g., 5sc 1927

West. Un. Tel.—Col. ti-.,5B.1938Wis. Cent. Co.—1st, 5 g 1937Income, 5 g 1937

\OlofngInter'St' PricePeriod. lA'oi). IS

Range (talti) in 1392.

J di DM di B! 62J & J|127 b,

A & o'l02%b,M & Br|100i4b.J & j!l25 bM & 8 107 b,

M& NIIII497

113129 b.113137104 b.

119 b.

107 b.

iofiigb.

A d[ OA ds OJ & JJ dt JF & AM di 8J dt DA dt OJ dt DM dc 3J dc D;J dt J 106=8A dt OM dt NJ & JJ dc JJ dc JA dt OJ dt DJ dt DA dc OM & 8J dc JJ & JJ dc JJ dc DM dt NJ dc JJ dc DA dc OJ dc J

& Ddc J& J

M dc 8M &NJ & JFeb.Feb.Feb.

J & JJ & JA dc OF & AM dc 8J dc JM dc NJ dc JF & AM dc NJ dc DA dc OMdt NMdl NJ dc JM dc NJ dc JM &. NJ dc JJ & JJ dc DJ dc J

J dc JF dc A

101 lab.

9211714b.112 b.

108 b.73%7578SSiab.

104 laa.

limjb.111 lab.

112 b.

6414

10464 13110 b.

87 b.

107 lab.

100 b.

65 lab.

85^875%69 146II982%

108 b.

7578i4b.49 b.

791a94 a.

Lmoest,

J dc JA dc OA dc OJ dc JA dc OJ dc JJ dc DMarch.M dc N

dc Jdc J

J dc DJ dc JM dc 8M dc NK dc AM& NM dc NF dc AA dc OJ dc DM & NM dc NM dc NM dc NF dc A

&. Jdc

dc

dc Odc Jdc J

102IO6I3lOO's8314b.

llOifib.110=8109 b.

6627

lieiab.12078b.101%9267 b.

69 a.

90 a.

105%b.

102%b.112 b.

96106 b.

9294i2b.

801a26%

1021a

82 b.

8111114b.103 b.

66 b.

90110 b.

108 b.

104 b.

73 lab.

7114114%b.

80 b.

10314b.801a4018

10358b.102%33iaa.

'

goiab.38

112 Feb.601a Nov.126% Jan.1021s Oct.lOOig Nov.1231s Jan.106 Oct.tl7ia Nov.IHI4N0V.95 Jan.Ill July125 Jan.109 Aug.13414 Mar.1021a JuneII714 Apr.1031a Sept.110% Apr.100 Jan.103 Jan.U5i4 0ct.98 Apr.91 Oct.9014 Aug.115 Jau.lllia Oct.106 "4 July71 Sept.74 Oct.8858 Nov.104 Oct.HI Jan.110 Mar.106 Jan.60 Nov.6213 Apr.991a June63% Oct.

109''8 Jan.87 Nov.105% Jau.10114 Sept.100 Apr.651a Nov.8318 Jan.69^1 Feb.53% Feb.37 Jan.8OI4 Jau.

1 1041a Nov.74 Nov.75 June4114 Juue76% Jau.93 Nov.105 Sept.101 Oct.105=8 Nov.1041a .Tune82=8 Oct.no's Nov.llOia Nov.106% Jau.65 ifi Nov.27 July116% Nov.11818 Jau.97 Jan.8714 Jau.65 Apr61 Jan.90 Apr.105 Sept.14 Apr.

101 Feb.llliaOet.96 Nov.101% Jau.89 Feb.91 Jau.76% July25 July96 July102% Jau.77 Jan.84 Nov.110% Jau.102 14 Sept.64 Sept.92% Sept.109 Feb.108% Jan.101 June72 Sept.68% Sept.110 Jan.76% May79 Nov.103 Nov.78% Sept.35 July101% Jau.99 Jan.3II4 July100% Jan90 Mar.

', 32 June

RighetU

119 Nov6778 Jan.132 Jane106 Feb.105 Mar.129110

JaneFeh.

I2314 Apr.115100

"4 Aug.June

130114139

115% JuneJuneOct

% Aug.10614 May122% Aug109% May116 Jai108% May107 14 Nov.119 Mar103% Sept.96% May95 Jan.119 June116% Mar.111 Apr.80% Jan.82 Feb.103 Feb.108% Apr.115% June115 Juno113 Nov.6678 Mar.66 July.01% Feb.7114 Jan.

1 12 June96 Feb.

1087a June110 Feb.108 Jan.71% Mar.9058 June79% Aug.72% July67 Feb.86% June112 Jan.85 Feb,100 Feb.72% Feb.83 Juu100 Mar108% Jan.102% Nov.109% Feb.109 Mar.86% Mar.115 Apr.115 Apr.111 June72% Jan.37% Jan.119% Aug.123% June103 Apr.93 Nov.75 May70 Aug.97 July108% Mar.22 Jan.107% June116 Mar.102 Mar.108% June97 June100 June85% May34% Mar104 Feb.109% June82% June

101 May114% June110% Feb.74% Jan.100 Jan.112 Sept.114 Apr.108 Jan.83% Febb77% Jan.117 Oct85 Feb.87 Feb.107 Apr.85 Jan.50 Jan.

10573 Juno105 May35% Feb.106% June95% June42% Jan.

HoiB—" b " indicates price bid ; " a " price asked ; the Range la made up from actual sales only. * Latest price this week. t Coupon oil.

NEW YORK STOCK EXCHANGE PRIONS.—STATE BONDS NOVEMBER 18.

SECURITIES.

Alabama—Class A, 4 to 5 1906Class B, 58 1906Cla.ssC, 4s 1906Ciureucy funding 48 1920

Aikansas—6s,fund,Hol.l899-1900do. Non-HoUord

78. Arkansae Central RRliouislana—78, cons 1914Stami)€d 4s

MlsBouri-Fund lS''4-l*-95

Bid. Ask.

102% 103%106 106 •,

97 102945% 8

150 1905 12

105»*%

1 02 >-

SECURITIES.

New York—Be, loan 1893North Carolina—6s, old JdtJFunding act 1900New bonds. J&J 1892 1898Chatham RRSpecial tax. Class IConsolidated 4s 19106s 1919

Rhode Island—6s. cou.. 1893-1894South Cfirnlina—OS. noufund.lSSHl

Bid.

10030101533%

98122%102

•^

Ask.

54%

100127

SECURITIES. Bid.

3m

S.C. (com.)—Brownconsol.68.1893Tennessee 68, old 1892-1898Compromise, 3-4-5-68 1912New settlement, 6s 191358 191338 1913

Virginia—6e. old68, consolidated bonds68, consolidated, 2d series, rccts.6s. deferred t'st rec'ts. slanipeii

.

966272101%10176%

Ask.

99

10310478

NOVIMBER 10, laUZ.J THE CHUONKJLE. 845

GENERAL QUOTATIONS OP STOCKS AND BONDS,Qnoutloni 111 Nitw York rnimwtiit the p«r mnt raliie, whatever the p*r m%r be: ntliir qimucluiM itre rraaaaatlr ni»'tn oer «h»r«The roIlowlDK atinruvlMlon* are i>rt<m lued, via.: " U." for lO'iriKiitn. " «." for «ol>l : "K'il,"(or (lUTMiMedi "aail "(or eniliirMil

for ooniolldated: ooiiv." rormnvnrtltile: "a. r.,"rorfiliikln««iin>l: "1. «.," for lunditnuil.# •.

..w.^...^.

Qautatlons In N»w York are t<i Thurmlay ; from olliur ultlw, to latn mall data*.

Subaortbcra will oooftor a flavor bf Klvln« uolloe i

amrCB 8TATBS BomM.

VNITSn HTATBS BONDS,2i, option U. 8., reit ti—

M

ta, 1907 red4a, 1907 ooup.. .(J—

J

ea. Currency, 189% res J^8a, Currency, 1896 reg JAJ8a, CnrriMiiv. IM'.iT ro»f J&JBa, ITur ^ ....reK J&J6a, On I rov JAJ

8T.\ I . ' VlIKIXIBtt.Alabama.—CUm "A," 4 to S, 1908..Olaaa ' B." 58, 1906OUaa"C." 4a, 1906Current'}- fundint' 48, 1920

Arkan.-6B,fuua.,'i);i.Holforrt.J*J6», funil., non-llolford J4J7a, 1,. K.dtPt.8.iuue,li)00.A A O7a, MetcphU A I.. R., 1899.A ik O7b,L. K.P.B.&N.O.,1900.A AO78,Ml8s.O. A R. Rlv.,1900.A A OTa, Ark. Central KR., 1900.A A O

Ooniieotlo't-N«w,rf;..3>«8,1903.JAJMew, reK. or coup., Sa, 1910

01at.Ool.—Oona.3.6S8,1924,op. FAAPnndlnK 58, 1809 JAJVaabluKton—Pand. loan(Lef;.)68,g.. 1902V»r

Water atook, 7b, 1901 •.„.do 78,1903

nonda—Conaol. Kold ea J A JBeorKta-4i<8, 1915 JAJa^s, 191' to 1936 JAJ

Indlann—Tem'y loan. 8 "as, 1895...BefuudlUf;, SVjg, 1895State Uouae, 319S, 1895Temporary loan. 38. 1899TemiKirary Int. loan, 3s, 1894 ..Trinimniry int. loan, 38, 1392..TeniiMirary Int. loan, 3i, 1893.School fund rufundinK, 3b, 1909.

Lonlalana—Con8ol.78, 1914. ..JAJ8tainpe<1 4 tier cent, 1914 JAJ

Maine—New 38. 1899 1929. ...JADMaryland— 3a, gold, 1900 JAJ8-668, 1899 JAJ

MaaaaohusettB-as, KOld, 1894. .JAJia,Kom, 1897 MAS

Muineaota—Ad). 4ias, 1912, 10-30.Mlaaoari—Fund. 68, 1894-95 JAJFandlug 3>i. 5-2oa. 1U06-8 ..JAJ

KdW Banipah'H—6a,Jan.,1894.JAJWar loan, 6a, 1905 JAJ

K«w York—Sn. Kold, 1893. . .. AA OMaCaroUna—68, old, 1886-'98.JAJ6a N. C. RK., 1883-5 JAJ6a do 7 coupons 06* ...AAO68,fnndlnKaolof 1866. 1900^1AJ68, new bontla, 1892-8 JAJ8a, Chatliani RR AAO3b, Bi>ecial tax,olu88 1,1898-9AAUFrtist certlflcatea4a, uiiw, coui> , 1910 J A J6«,1919 AAO

North Dakota bond8,f'ded4B..JAJfenn.-58, new,reg.,'«2-1902..FAA

48,rei:., 1912 FA AKhodtt iBl'd—69,1893-4, coup.JAJSouth Carolina—6bJfon-funtl,1888Brown oouboIs, 6s, 1893 JAJBlue consols, 4ia8, 1928 JAJ

Bonth Dakota 4148, 1897lenneesee—tis, uufuniled. JAJComprouilne, 3-4-5-68, 1912. .JAJBettleuient. 68. 1913 JAJSettloiueut, 58, 1913 JAJSettletutint, 39, 1913 JAJ

Texas— 7e, Kold, 1904 JAJVb^nla—68, Old, 1886-'95...J A J

6a, new bonds, 1866 J A J6a, consols, 1905. ex-coup....JAJ8a,oonsol., 2d series JAJ8e, deferred bonus ...,..., ,,,.Do trtiat recBipta

Hew3s(Rlddletj«iger),1932.JAJCoupons

('l-IIt SKCLHITIEii.Albany, N.Y.—6a, 1915-1919.MvUN

Mmeoff* la lliaM Qa

113118119

}110>»inICO

lo^94 >4

98

|1021 107I99

1021s

1021251003U

1018344

981234

1022>a96

105%627210210177

3735507

177

112101

96100IOIJ4104>s103108

103126

5100I23I4

116>s

4100

104

7429

512448, 1920 to 1930 MAN 5101

AlleKheny,Pa.—6a,ep., '87-07. Var. 1004><a, coup., 1900 Var. 101%lAlleKhnny Co.,5b, cp., 1913.JAJ 101>«4a. Court Ilotise, 1908, reg..JAJ 1008-8B, refunded, 1895, reg.. ..JAJ 100

Atlanta, Qa.-Water 78, 1904..JAJ 1156a, 1895-6 JiJ 1046a. 1914-15 JAJ 102iH0, 1916 JAJ 100

Angnsta, Me.—6s, 1905, Fund .JAJ U16>9Aafcustii, Ua.—6s, 1905 JAJ 1078alttmc)rl^—68, bounty, 1893.M A g 1005s, water, 1894 MAN 10168,1900 Q—

J

11168. West. Md. BK., 1902.... JAJ 1196b, 1916 MAN 122'a48, 1920 Q—

J

107Sisa, 1928 .JAjI

Bangor, Me.—Water.68, 1905. JAJE. it S. A. RK. 6b, 1894 JAJutb, .Me.—«a, 1902 Var4>«8, 1907 JAJ

selfast, He.—6a, railroad aid, '98..flnulnKham, Ala.—5 g., 1920 AAOf>o8ton, Maaa.-Water 68,1906 .Var° WaUir 68. gold, 1906 VarWater 4s, 1917 VarWBt«T3'«a, 1917 AAO38.... AAO

ill9ilu2>104'«

75

103103102

109105104118114

Orrr BsocmmM. Bid.

B'klyn,M,Y.-B'g*7a,igi& a4.JAJPark 6a, 1024 JAJiBridge 6a, 191» JAJBrtdge4a, 1926 JAJWater 8a, 1905 JAJ

BufTaln, N.Y,—7a, 1924-8 J.VJAAO

,..MA8...JAJ

".FAA

166160127>a112961441039fl

»e

Water 58, 1898-0.Water 4a, 11)04.....Waier3>aa, 1905...Funding 3>a9, 1018Water 3a, 1016 _..

Caiubrldge,Maa8,-Wat«re«,'»e.JAJCity «8, 1904 JAJWater 3>«», 1911 Var

Oainden, N. J.— 78. 1M03 JAJOharleBton,8.C.-Conv.7l,'97.AAOOonv. 4a, 1909 JW

Chicago, III.—78, 18997i, 18964iaa, 19003-«6a,19034a, 1911Oook Co. 4>«a, 1900Woat Chicago 58. 1399Lincoln Park 78, 1895

Cincinnati, O. -7-308, 1903 ...JAJ7e, 1908 VarBe, gold, 1906 MAN4a, 1005 Va"-4a, S0-60B, sink, fund, 1931. JA.I&a, 30-50a, sink. fund,I030. tIANHamilton County -is. 1937

Cleveland, O.— 78, 1894 AAO69, 1900 MAS59, 1907 JADFundeddebt 4a, April, 1902.JAJ

OolumbuB, Oa.—78 Var58

Covington. Ky.—48, 1927, new.JAJ5a, 1920 FAA8s, 1899 -..JAJ

Dallas, Tex.-58, St. Imp'm't, l«2S

.

58, water, 1920Diyt in, O.—5s, 1895-1906Denver.Col.—Pub. lm.4s,1904.MA«Ditlutb, Minn.—48, 1920 JAJDetroit, Mloh.—7s, 1894 FAA6», W. L., 1906 JAD3>S8, 1911 JAD

Erie, Pa.—Consol. 7s, 1894 ....JAJElizabeth, N. J.—New 4S.1922 JAJEvaiisviUe, lnd.,oomprom. 48,1912FltohburK, Mass.—as.ÔS.W.L. .JAJOalveaton.Tex.—5a, 1920 J,kDUr'nil Itaplds, Mloh.—5a, 1904.JAJWater, 8s. 1895 JAD

Harriiburg, Pa.-68, 1895 JAJWater He. 1H03 JAJ

Hartford. Conn.—68, 1897 JAJTowns, 38, 1909

Hoboken, N. J.— 78, 1892 AAOImprovement Oa, 1398 JAD

do 5s, 1901 MANHooston.Tex.-Op, 191869,1912Compromise 5b, 1918

'Indlanapolla,Ind.-"D"7-3,'99.JAJ68.1897 JAJ

Jersey City—78, 1905 VarWater 79. 1904 JAJWater 5b, 1916 AAOiWater a8ses8.,58, 1916 AAO'HudBon County 5s, 1905 MAS $103Hudson County 78, 1894 Jj:D!{l03Bayoune City, 7b, long JAj' 115

167163

80

107 1 10812m 12207 9!)

122106

86118lOflti101 >t96101100100\101125l«131119100«101 >i

l!2>«103 1«Ii 3>4;i04iimiiisiioi< 112

102I25''a132120><10l>i103«113105

991141005:005107'.^123>«1021U2

100

112UOl103><

§114§ 90

1003s120

i

103;

106103 105105". 107

124 125114 114>t106H 10798 9J80 91

Kansas City, Mo.—78. 1893.. MAN48.1910 AAO

KuoxviUe, Tenn.. 5b, 1922I.,awrence, Mass.—6s, 1900 ...AAOLeavenworth, Kan.— 4s, 1914 .JAJLouK- Inland City, N.Y—Water,78...Los AuKclort, Cal.—"9Loulsvtrie, Ky.-78, 1903 Var 512368,1897 Var "

20-408. 58, 1920 MAN48, 1923 JAJ;

Lowell 48, 1903 AAO'Lynchburg, Va.—68, 1901-4. ..JAJJLd'nn, Ma88.-Waterloan,6B,'94.JAJ58,1905 MAN

Macon Qa.—68, 1909Hanoheater, N. H.—68, 1902..JAJ.

48, 1911 |{103Meiuphia. Tenn.-Cotup. 68, 1907.. ' 107>arax Dist., 68, 1913 JAJTax Dist, 68, 1915 JAJ

Middletown, Conn.—3-65, 1915MlnneapoUB, Mlnn.-8B, 1893.JAD7s, 1901 JAJ4188, 1912-154b, 191.V174b 1922

MllwBUkee,Wla.-'water7s,"02.JAJ5», 1912Water 48, 1906-7 JAJ

Mobile, Ala.—4-58, rded, 1906.JAJMontgomery, Ala.—6a58, new

Nashville, Tenn.—68, 1900 JAJ4s. 1910

Newark—48, 1908 AAO4Jt9, 191858,190968, 1910 Var78, Aqueduct, 1906 Var

New Bedford.Mosa.-68,1909.AAO3'«», 1910 AAO

S. Brunswick, N.J.-7S,water, 190468. 1898

1031011:0

10.5'

104

iui"too106 1«

121100

86'

i'24"lo2

105 106 •*

116 117106 10990

107 110105 10894 97>»110104110 1-iO118 119104 106104 106103

Orrr 8bovBmM. Bid.

N. Bmnawlok, N. J.- (Conilo'd) -aa.1906 Var

(»ew RaT*D-Park,3«p e.30.60ikJAJ

1

Mew Orl«MU, La.- Premium 6* . .

.

Oona. aa, 19a3,ext. Oroaamaa.JAJ68,1034 JAD

II.Y.CIty-7a, 1900 MAM««. 1900 MANea, gold, 1001 JAJ6a, 1008 MAN68,gol(^ 1808 MAM4a, 1906. ....... .•••,.••. ....MAN3>ta. 1904 MAM8a, 1007 AAO'Park, 2>«a, 20-4a MAN} 94

Norfolk, V».-6a, 1914 Var88, Water, 1901 MAM6a, 1916 AAO

Horwlch,Ot.-6a, 1907 AAOOmaba, Neb,-Pavlag 6a, 1006 ....

88. 1912Orange, M.J.^Ta, longFMaraon.M. J.—7a, IMO68, 19014«, 1908

Peteraburg, Va.—e«, long JAJPhlladelpiiia, Pa.-68,1896.... JAJ6a, 1904-6-6 JAJ

Pittsburg, Pa. -58, tOtS JAJ7a, 1912 Var48, 1915 JAD6a, Conaol., 1904 reg JAJ

Porttand,Me.—6b, RR.A]d,1907MA848, funded, 1912 JAJ

Portland, Ore.—Oold 6e.l920.MANPorumoutb,N.H.—6a,'93,RR.JAJPoughkeepele. N. Y.—78,waterlungProvidence, R.I.—5a,g.,1900...J>Ue«, gold, 1900, water loan. .J A J4i«a, 1899 JAD3>9a, gold. 191K MAS

Quincy III.—6a. 1898 JAJBabway. N. J.-Old 7»,Newa4l"9tni(!nt, 4a

Reading, Pa. -48. 1920 AAOliKlobmond, Va—6a, 1901-1910JAJ 1148a, 1909 JAJI 13J.58, 1921 A 1922 JAJ 11048, 1920

108 '...._

i«'a ' 163 >«10^ « ioa«»

IIHI

120131106

100 loa"

123

116

104125113101 >«

104116

103

123>i106107100lU3>t

103114

116105109

lu4>s 105>«107 « 109

Bocheater, N. Y.—7a, Water.lOOS..4a. 1912 FAA

St. Joseph, Mo.—68, 1903 FAAOomp'iul8e48,1901 FAA

St. Lottia, Mo.—68, 1899 Var6e, gold, 189458,190048,19053-658, 19078t.L.Co.—6a,1905 AAO

St. Paul. .Minn.—4B, 19124>as, 191658.191.)6b, 1904.7b 1898

San 'AntonlorTex.'-^,'i9<>9î9JAJ.58, 19-20

Savannah—Fd 58, oons.1909 .Q—

F

Scranton, Pa.-43, 1893.1910.FAASioux Cltv, Iowa-4'aa, 1899..Spokane Falls, Wash.—-6aSpringfield, Maas.—6a, 1905..AAO7a, 1903, water loan AAO

Sprlngaeld,0 -58, 1907 MANToledo, O.—7 dOe, BR., 1900.M A N

8a, 1893- Var68, 189-» VarSa, 191 X (call after Oct. '93) .AAO4s. 1913 Var.

Trenton. N. J.—4a, 1911 JAJnrorceater, Masa.—58, 1905...AAO48, 1905 AAO3>te, 1905 JAD

134lOOlOS97 1«

10»102 >«

lOHItiO9ti41199S

105 «112114114107101104§100IGl

il22>s128illl>114>«il01i«10810096 >|

lOU[113,10398

RAIIiKOAD BONDS.(Bonds of eompaniet eontol'led aregenerally under the eontol'd name.)

I

Ala.Qt. Boutbem—l8t,69, 190»J AJ «1 14IDebenture 6a, gold, 1906.. .FAA slOlOen'l mort. 68, 1927 JAD a 94

Ala. Mldland-lat, gua. Os, 1928. . . • 89Ala. N. O. T. Ac. lai deb. 68, 1907. < wO2d debent. 68, 1907 JAD « 3tl

118

123103

i<>0%

ibo"11610590100

"ii"

ii8~

100

08 >aIll's103107 "«

101>a99>4120100107113lie116>«

106

103

07 "a

100

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98:03106116

{120

{ 97'.113104

98

101

118i«10290

100

13098lie106

Ala. A VIoksb. -Cons. 58,1921.AAOViuk8b.A.Mer.-lst,68, 19-Jl.AAO2d, conaol. 5a

Alb'yASoaq.—Oona. 78, 1906, giutr.Cousol. mort.,68,1906, guar.AAO

AUegh. Val.—Qen. M., 7^10e. JAJIst luort., 7a, 1910 AAO

Allentowu Tertu.-l8ta.48,1919.JAJAtoh.r. AS. F»-new48, 1989,JAJ2d,2>*-48,aa8aA,1939 ...AAO2d. 48, gold, Olaaa B. 1089..AAO100-year, gold 5s, Inoomea, lOstO.Trust receipts

Atl. AUhart— lai pf. 78, 1897.AAU1st. 78, 1907Imooma. 6a, 1900 AAO

Atl Anorida-lst, Oa, 1939. MAMAllanUo Olty—Ut. 58,g.. 1919.MANAUan. A Dan.—laSg. 6«, 1917.AAOAtlantic A Pao.-l(t 48, 1937. .JAJ8d W.D., guar..g, 8.1.68.1907.MASW. D. inoomea, 1910 AAOOeot.Div.- Inc.,6a,nan-ou., 1932Land gr. Inoomea, cum., 1901..

Balumure A Oblo -ia, 1936 . . .AAO('araeraburg St., 6a. 1919.. .AAO

'

5««iil<1. i«J^ FAM

87>t'lull

72 >«

llOt11-.'

123>a123)«112>*115102110101981031141069»

1181039691934193>

ISO120

83:<t57'462 >•

57V57

i102 I

1171.96

84

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lOi) 101 «4118>« ....

MSPr<„. Qo Hlnal. ^ PnrobiMeraiso i>ays auurued tnteniat < luLondoo f Conpona oa alnce 1869 I Subject to

84B THE CHRONICLE. rvoL. Lv.

QE.VKRAL QUOTATIONS OP STOCKS A-NTD BONDS—Contlvukd.

For Explanations Sse Notes at Head of First Pasce of Qnotatlons.

Railroad Bondb.

Baltimore & Ohio— (Contlnuedl—Consol. goMSe, 198P F&ABoliuylklll Riv. East Side 58, 1935BterUng, 6s, 1895 M&3Bterllng, 68, g., 1902 MASBterllng, 68, g., 1910 M&NBterlmg, 58, 1927 JADSterling, 4138, 1933 A&OEqu.Tr. 8er. B,1891 to 1900 -M&NMon.Riv.—letgu.2.58.1919.F&AC6ti.O.-Cons.l8t,4Ts8,1930.M&8A.k.&Cli.Jun.l8t,g.,59,l930.M&N

B iltitnore & Oliio SoutUweBtem—Cln. & Bait. 7s, 1900New 4ia8,guar., 1990 J&JiBt pref. income 5a. ....-•..

2d do do3d do do

8 at.&Pot'o—l8t, 68,K.,1911A<SOl8t,tnnnel,68.g.,K'd,1911. J&J

B leoli Creek—l8t,g'ld,48.1936,J&JB ilvldere Del.—l8t,6s,o,1902.J&I)Cons. 4s, 1927 F&A

Boston & Albany— 18. 1895 J&JBoston & Lowell— 78, 1895. ..M&868, 1896 J&J6s, 1899 J&J48,190.5-6-7 Var.i^s, 1903 M&N

B >8ton & Maine—78, 1893 J&J78,1894 J&JImprovement 4s, 1905 V&A

Do 48, 1937 ....F&ABoat. & Providence—78, 1893.J&J

48, 1918 J&JBo8t. Revere & Lynn—68,'97..J&JB.-ooklyn Ele.— Ist, 6b, 1924..A&OZdmortg, 5b, 1915 J&JUnion El.—Ist, 6s, 1937. ...M&N

Brnnsw. & W.—lst,48, g ,1938.J&JBaft. Brad.& P.—Gen.M.7s,'96.J&JBaft.N.Y.&Erle—Ist, 7e, 1916.J&UBaff.Rocli. & PittBb.—Gen.5B, 1937Koch. &P., iBt, 68, 1921. ...F&AConsol., Ist 68, 1922 J&D

Bafl.& Southwest.-68, 1908. .J.&JBurl.C. E. & N.—l8t.58,1906..J&DCons.lst&col. tr., 5s,1934..A&0Iowa C.& W., 1st, 7s, 1909.M&SC.Eap.I.F.& N.,l8t,6s,1920.A&O

do 1st, 58, 1921....A&OCiltfor. Pao.—1st M.,4'ss,1912 J&J2 Mor. 68, g., '9 ) ,ext.at 4 15%.J&J3d M. (guar. C. P.), 6s, 1905.J&J

do 38, 1905.J&JCamden A Atl.—Ist, 78, g.,'93..J&J

Consol. 6b, 1911 J&JCamden & Burl. Co., 68, 1897.F&ACanada So.—l8t5s, guar.,1908,J&J2dmort., 5s, 1913 M&S

Cape Fear & Yadkin Valley—let 6b, SerieB A, 1916Iat6s, ser. B, 1916 J4DIst 68, series O J&D

Cape Girard. S. W.con.68.1908M&S0»roUnaCent.—l8t,68,g.,lU20.J&JOatawlssa-Mort., 78, 1900.. ..F&AOjdar F.&Mln.—181,78, 1907.J&JCant, of Ga.—l8t,oona.,78,'93.J&J

Collat'l trust 5s, 1937 M&NChat. R. &C0I.—5s, g., 1937.M&3Bav.&West., l8t,guar.,1929M&8

Central of New Jersey—iBtcons. 78, '99 Q-JConvert, mort. 78, 1902. ...M&NConvert, debent. 6s, 1908. .M&NGen. mort., 58, 1987 J&JLeh.A WU.—Con. 78,g.,1900,a88.QMortgage 5s, 1912 M&N

Am. Dk.& Imp. Co., 58,1921.J&JCentral Pac—iBt, 6b, g, 1895.J&J

l8t, 6s, gold, 1896 J&Jl8t, 6s, gold, 1897 J&JI8t, 6s, gold, 1898 J&.I8.Joaquin, 1st M.,68,g.l900.A&0Cal.A Or.—SeriesA,5 g.,1918.J&JMort.. (lold, 58, 1939 A&OC.& O. Div., ext. 58, g. 1918.J& I

liand g. 6b, g., 1900 A&OWest. Pacif., iBt, 68, g., '99. .J&J

Cent, of S. Car.— 1st «b, 1921. .J&JCharles.Cin.A C.l8tg.5s,1947.Q—

J

Oliarl'te Col.&A.—Coii8.,78,'95.J&J8d mort., 78, 1910 A&OConsol., gold, 6b, 1933 J&J

OhartierB- iBt, 78, 1901 A&OOae8.&Ohio.—Pur.money fd.,63 '9bSeries A, 6s, 1908 A&OMortgage 6s, 1911 A&OO.&O. Ky.lstSs, 1939 M&NGeneral 4>a8,g., 1992 M&Sist Consol. B. & A.2.4.1989.J&J

do do 48, 1989.. .J&J2d do do 48, 1989. ..J&JCraig Val. let 5s, g., 1910.. ..J&J

Ohes. O. &8.W.—M.6a, 1911. .F&A2d mon., 6b, 1911 F&A

OheBhlre—68, 1896-98 JAJ48, 1910 J&J

Ohio. & Alton.- lBtM.,78, '93.J&JSterling mort., 6s, g., 1903. .J&JSinking fund, 68, g., 1903...M&NLools'aA Mo.R.,l8t,78,1900F&A

do 2d, 7s, 1900M&Nlit.Ii Jack8'v.&C.,l6t,78,'94.A&0

do 1 8t guar. (564),78,'»4A&0do 2dM. (360), 7a, '98. .J&Jdo 2d guar. (188) 78,'98.J&J

«lB8.Eir.Bridge, l8t.,s.f.,6B,1912C Jlc. Burl. A Nor.—5b, 1926. .A&Oza 6s. 1918 J&DDebent. 68, 1896 J&DEquipment 78, 1893.. F&A

Bid.

el03ell3ell9el08el08971s

103101

112ifl107%75319^

122123

111

UOSij'1061s105 «i

105

Ask.

105115122110110101

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1021361s9911011810310414954)ICO100901009810665

1081055)10116

i 95

11890102%

701s

119

111

lioij108108 14109 14Hole1081105%971071041,1081s

102106108106105i<lOOij101100 Is

103IOOI4lOOij100 Is

I02is108118

115

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1051s104{103 Is

101100

120102

116102 1«

791s791s

79

781061s

103'119

Railkoad B0KD8. Bid.

105

1181231sI2714

1231s 127124 1261271291s129 132II5I4 llOis105117 1181264 128103 1061*117

110

I14i£

104IOII4

Chio. B. &Q.—Con8.,78, 1903. .J&J58. s.f., 1901 A&O58, debenture, 1913 M&NlowaDtv. S.F.58, 1919 A&OIowa Div.. 4e, 1919 A&ODenver Div., 48, 1922 F&A4s, plain bonds, 1921 MASNeb. Ext., 4s, 1927 MANPlain, 78, 1896 J&J,,-Bonds, 5s. 1895 JAD:5lOOi4Convert, deb. 5s, 1803 M&SBur. A Mo. R., I'd M., 7s,'93.A&0Bur.&Mo.(Neb.),l8t,68,1918.J&JCons, 63, non-ex., 1918 J&J48, (Neb.), 1910 J&JNeb. BR, Ist, 78, 1896 A&OOm. A 8. W., Ist, 8s. 1896.J&D

Ott. Osw. A Pox R., 8s, 1900.J&JAteh'n & Neb.—l8t,78,1908M&8Repub. Val., Ist, 6s, 1919...J&J

C!hlc.& East 111.— 1st mort. 6s, 1907l8t,con.,68, gold, 1934 A&OGen. con., Ist, 5s, 1937 M&N

Ch.&t. Coal R'y.lst 5s, 1936.. J&JChic. & Gr. Trunk-l3t, 63., 1900..Chic. Mil. & St. Paul—M.&St.P.lst, 88, P.D.,1898.F&AP. D., 2d M., 7 3-108, 1898..F&AR.D., Ist, $, gold, 7s, 1902 ..J&JLa. C, Ist M., 78,1893 J&JI. & M., Ist M., 78, 1897 J&JI'a. & Dak., 1st M., 78, 1899.J&JChic. & Mil., 1st M.,78, 1903.J&JConsol., 78, 1905 J&JiBt H., L & D. Ext., 7b, 1908J&JIst M.,6s, S't.hwest Div.l909J&JiBt M., 58. r.a C. & Dav.l919J&J80. Minn. 1st 6s. 1910 J&JHast.&Dak.Ex.lst,73, 1910.J&J

do 58, 1910 J&JChic. A Pao. Div. 68, 1910 ...J&J

do West. Div..53,1921.J&JChio. & Mo. Riv. 58, 1926.. ..J&JMineral Ft. Div., 58, 1910...JAJChio. A L. Sup. l-lv., 58, 1921J&UWis. A Minn. Div., 5s. 192 1 . . .J&JTerminal 5s, g., 1914 JAJDubuque Div., Ist. 68, 1920.JAJWis. Val. Div., Ist, 6s, 1920.J&JFargoA South.- 6B.a38.1924.JAJInc. conv. 8. F. 5s, 1916 JAJDak. A Gt. So. 5s, 1916 JAJGen. g. 4s. ser. A., 1989 J&J

(;hlc.A Northw.-Cou.78,1915.0—

F

Consol., gold, 73, cp., 1902..JADSinking fund, 68, 1929 A&O

do 58,1929 A&Odo debent., 58,lt)33.MAN

25-yr8. deb. 58, 1909 MAN30-yr8. deb. 58, 1921 A&OExten. bds. 48, 1926 FAA15Eecan.&L.Sup., Ist, 68,1901.J&JDes M.AMiQn's.l8t,7s,1907.FAAIowa Mid., lat M., 8b, 1900.AAOPeninsula, 1st, conv.,78,'98.MASChic. A Mil., l8tM.,7B, '98..J&JWinonaASt.Pet.-2d78,1907MANIst extension, 7 g., 1916. J&D

Mil. & Mad., Ist, 68, 1905.. .MASOtt. C. F. & St. P., 58, 1909. .M&SNorth. Ills., Ist, 5s. 1910.. ..M&SMadison Ext., 1st, 78, 1911.A&OMeuoiuiiie6Ext.,l8t,7s,1911J&DNonhwest.Un., lst.78, 1917.M&SChio. &Tomah.—l8t,68,'05.M&NCedar R. & Mo.—1st, 7s, '94.F&AiBtmort., 78, 1916 MAN2d mort., 7s, 1909, guar...JADS. C.A Pac, 1st, 68, 1898. .JAJ

Frem. Eli.A Mo.V.—6s,1933A&0do do Unstamped..

Chic.Peo. &St.L.— l8t58,1928.MASLouisville A St. L., 58, 1927.A&0

Ohie.R.I.APac—6s,1917,ooup JaJClileago A SouthwesternExten. A coi. 59, 1934 JAJ30 yr. deb., 58, 1921 MAS

Chic.ASC. L.-lst 6s, 1915. ..MASChlo.St. L.AP.—Con.58,1932.A&0Chio. A Gt. East., Ist, 7s, 93-'95.Col.AInd. C.,lstM.,78,1901.J&J

do 2d M.78,1904.MANUn.A Logan8p.,l8t,78, 1905.A&0

Chi.Bt.P.&K.C—Pr'ty 58,1934.JAJl8t, g, 5s, 1936 JAJMinn. A N.W.lst, 58.1931. .J&J.

Chic.St.P.Min.AOm.—Con. 68, 1930Ch.St.P.&Minn. lst,68,1918M&NSt. Paul&S.City. 1st 68,1919.A&0

Chic.& W.Iud.—s.fd. 68, 1919 M&NGeueralmort., 6s, 1932 Q—

M

Chi. &W. Mich.—Geu.58, 1921.J&Dan. Day. & L— l8C,g.,5s,1941 .M&NCiu. Georg. A Ports.-68, 1901A&O 5

Asb.

101

951*95

t6islC5is1011071s102 1411610787

1031s1121221251051*117

'99'8

1031s110i»

1201251s1231$

10810510314

110123123

iii'

106

105%97%

123

131%

103%

Railroad Bonds.

122120121

ilf"94%96%

Cln. Ham. & Day.—Consol. 58A&.0Consol. 8. F., 78, 1905 A&OCouBol. mort.,6s, 1905 A&O2d mort., gold, 4%s, 1937. JAJCin. H. & 1., 1st M., 78, 1903.JAJ

C.I.St. L.AC—Ist g. 4s, 1936,Q—

F

Con. 68, 1920 „ ...ladianap. C. AL., 78, 1897. .F&ACin. Laf.&C—l8t,78,g.l901.MAS

Cln. Leb. A Nor.—1st, 5a, 1910JA.ICin. Rich. ACblc— 1st, 78, '95.J&JCin. Rich. AF. W.—l8t,7B,1921JADCln.ABp.—7s,C.C.C.& I.,iyoi.A&0

78, guar., L.8.A M.S., 1902. .AAOClearf. A Jea.— ist, 6s, 1927. ..JAJOlev.AkronACol.—Gen. M., g., 5b, 1927 MA3Equip ir. & 2d M.. lO-lOs.-.FAA

Cleve.* Canton— 1st. .5a. 1917.J.feJ

$104%121511496

511694102

5 116"4

JlOJi,51055118%

118

110110093

111%

94%97 14

105%

lYs"97116%96

118101106

Clev. Cin. Chio. A St. Louis.-C. Div., 4s, 1939 JAJSt. L.div.l8t,col.tr. 48.'90.M&NC.\V.&M.l>iv.-l8t,ts,i; 1991 J&JCinn.San.A Clev.—6s, 190O..FA.\Consol. 58, 1928 J&J

Peo. A East. cons. 4s, 1940Income 48, 1990

Clev.Col.Cin.A In.—Ist 78,'99.MANConsol. mort., 7s, 1914 JADCons. S. F., 7s, 1914 JAJGen. con. 68, 1934 JAJBelief. & Ind. M., 7s, 1899. ..J&J

Cleve. & Mah. Val.—0. 5s. 1938J&JCie. &Pitt8.-Con.8.f..78.1900.M&NGen. gu. 4%8, g., "A," 1942.J&J

Colorado Mid.—Ist, 68, 1936. .J&DConsol. gold,48 ...1940

Columbia A Or.-Ist, 68, 1916.J&J2d mort., 63. 1923 AAO

Col.A C.Mid.—l8t,4%8, 1939. .JAJColum. Hock. V. A T .—Con.58,193

1

Gen. 6s gold, 1904 JADCol. AHook.V.—lstM.,78,'97.AAOCol. A Toledo—l8t7s, 1905. .F&A

do 2dmort., 1900.MA8OhloAW.Va.,l8t,8.f.,78,l9iOMAN

iCol.Shaw. A H'k.-lst 59,1940.J&JiCol. & We8t<rn, let, 68.1911. ..J&JCon.AMon.-B.O.A M.— iJon.78,'93

Consol. mort.. 69. 1893 AAOImprovement 6s, 1911 JAJ

Conn. APassump.-M.,7b,'93.A&0Connecting (Phila.)—Ist, 68 ..MASConsol.RR.of Vt., Ist, 58, 1913.JAJDayton A Mich.—Con. 59,1911 .J&JDayton A Union—lat, 7b, 1909J&DDayt. A West.—l8tM.,68, 1905.JAJ1st mort., 73,1905 J&J

Delaware—Mort., 63, guar.,'95.JAJDel.ABoundB'k—l6t.78,1905FAADel.AHul.—C'.upon 7s, 1891.AAO1st, M., Pa.Div.,7a. 1917....M&S

Del.L. AW.—Mort. 78, 1907. .MASDen. City Cable Ist 68, 1908. .JAJDen. AR. G.—l8t con. 48, 1936.JAJIst 78,gold, 1900 MANImpr., g.,5s, 1928 JAD

DesM. A F.D.—Guar. 4r,1905.J&Jlat mort., guar., 2%3, 1905 JAJ1st M., on Ext..guar. 4s,1905JAJ

Det. B. 6. A Alp., l9t,6s, 1913. JAJDet.G.HavenAMil.—EqiUp.68,1918Con. M., guar. 68, 191;; AAO

Det. L. A North.—1st, 78,1907.JAJGr.Rap.L.A D.,l8t,5a,1927.M&S

Det. Mack.A M.— Ld. gr. 3%s, 8. A.Dub.AS. City— l8t,2dDiv.,'94.JAJDuluthAIronU.—l8t,58,1937.AAODuluth 8. 8h. A Atl.—58,1937.JA JDunk.A.V.A P.—l8t,78,g..l900JADE. T. Va. AGa.—l8t.78, 1900..JAJDivisional, 58, 1930 JAJConsol. 58, g., 1956 MANTru.st reoelotsIstExt., go'ld,58, 1937 JADEquip. &Tiup.,g., 58, 1938. .M&SCincinnati Ext. —58. , g, 1 9 10F&AMobile & Biriu., 1st, 5a,1937.JAJKaoxv. A Ohio,l8t, 68, 1925.JAJAla. Cent., 1st, 68, 1918 JAJ

East.AW.Ala.— lat, 68, rec't3.1926Eastern, Mass.—68, g., 1906. .MASEaston A Aiuboy-M..5s,1920MANElizab.Lex.A Big S.—09. 1902.MA8ElmiraA W'mspt—1st 6s,1910.JAJ58,2862 AAO

Erie A Pitts.-Con. M., 7b, '98.J&JEquipment, 7s, 1900 A&O

Eureka 8priug9—l8t,68, 1933.F&AEvaus.A Ind.—lst„g.,68 1924

1st, con., guar., 1926 JAJEvaua.A T.H.,lst oon.,68,1921,J&JMc.Veruon—lat, 68, g.,1923AAOSul. Co. Br. l3t, g. 53, 19 iO.AA O

Evans. & Rich.—1«C5 g.l928.MA8Evanev.T.H.AChi.—lat, 68, g.l9o02d, 6s, gold, 1900 J&J

Fitchburg—58, 1899-1903.... Var.58, 1908 MAN68, 1897 A&O78, AprU, 1894 AAO4%B, 1897 MAS48, 1907 AAOBost.H.T. A West., deb. 58, 1913.

Flint A P. Marq.—M. 68, 1920.AAOIst, con., gold, 5a. 1939 M&NPort Huron Div. Ss, 1939..

Fla. C. A Pen.- lat, g., 5s,1918.J&JFt. Worth A Deuv. C—lat, 68, 1921Ft.W.&RloG.lstSa. g., 1928. JAJOal.Har.&SauAut.-l9t,68,g. 1910,2d mort., 78, 1905 J&DWest. Div. lat, 58, 1931. ...M&N

Qal.Hou8.& Hen.—lat,5s,1913A&0Georgia—63, 1910 J&JGeorgia Paoitlo-lat, 6a, 1922.JAJCon. 2d inort., Sa, g., 1923. ..A&OCon. iQOOiue, 5s, g., 1923 ... 4.&0

aa.Carol.&No.—lst,5s,g..1929.J&JGa. So. & Fia.-l8t da. g, 1927.JAJ(ir. Bap. Alnd.— I8t, l.g., g'd, 78,g.lat M.,78, l.g., gold,not guar.AAOGeneral 5s, 1924 M&8Muskegon Div. 58, 1926. ..JAJ..Ex. lat., g , 4%9, 1911

9r. Bay Win. & at.P.— lat. 63, 19112d,income8, 1911, tr. recta

aan.&St. Jo.-COQ. 68, 1911. .MASHarriab'g P., &0., lat., 49,1913.JAJU*rt. & Conn. West.-o8,1903.J&Jtlouaatonlc—Cons. 53, 1937..M&N-lo'Bt.E.&W. Tex.—lBt.7a.'98.MAN

Bid. Aa>.

9192 92%

i1077.* 79I427T8 2j113

132%122

I --,„107 ..„117 12310311067 68

9663^ 729391 91^897% 98%

5.—-.

f .••>••85

1015100%SlOO5iii5100%117

5 93%5107%512041135122lv3126%106

13298%86115%85%7549%

60elll«112IOII4

. 8539%102%100%100%

IIII410393

5960

100ICO

121%10J%97%

119103^108

90102101100%112100%

94107%

iY3%

141

ioi%86%

8380

115116101%8740

102101%

95

6477

84102%

121%

110116%11710093

5104%510610610310197%

98

111%

100

101

ice108107103%101%93

118101

95 100100101 101%

72102% ^,

102%96 ....a .

74

100559

10178

e 96

37115%104%

5 98112%ro

101%5713101%81%

9810311038%

108

•Price nominal, § PuroHaMi also p»y« accrued intereefc «lnLondoL, 1 In Anntardam. jinFraoktott

K0VEKBER19, 1893.] THE CHRONICLE. 847

aiCMHi«A.tj qUOTATIO.V.S OP dl'OaiCS KSO U'J.VD-J-'Jo.tTisoM.Por BcpUMtlon* «•• ?|otaa al H—* of VIrat r«c« af QasMtloaa.

Raiuioad Boicds.

B ATenRnren.lit c. A«, 1937JAJ~.lBt,7t,K<rlBUlJ*J

Bid.

l(7ÎS-i100>(voee>480

lOllglOS05 >«

*98>i107112

• 105(103•108110>«110>(

iii'

I22>«

ii»105)29>«lf9>«

"oo'i,

S130

87

WaooAN.WSd «r. 6h, 1912 AAODfliciitiirf en, 1807 A*0Oun.K 4», 1921 A40DclxMitiiri' iK, 1»*97 AAO

Bant.ikBr.Top-lBt, 4s, 1920.AAOOona. Sd M. 5ii, 1895 A&O

nUnola Can.— iHt.gold.lii.lOSl .JAJGold, Si«ii, 1051 J&JCol. tr.. K"ld. «8, 1052 AAOCairo Itriilê—48, lOJO J4DBlirhiKtlcM OIT., 6s, 1898. .JAJMldillu Dlv. reg. 5s, 1921. .. F&ABterllnK, 8. F.. 6», »?., 1903..A&O8t><rllnK,K«n.M.,6B,K.,1895.AitOBterUng, 5b. 1005 JAI)Clilo.8t.AN.O.-T.rn,7»,'97.M*K1st con. 7». 1897....Sd, 6b, 1907 JAli6s, 1951, gold JAl)Mem. Dlv.. Ist 4b. g., 1951JAD

IDd. D. A W.—Gold, 5s,1947... AAO2d m. Inc. Rs, 1948 J&Jfnil. Deo.ASp.—lBt,7s.l906.A*0

Ind. Ills. .V la.—l8t 4s. 19:19. ...I&Dlart'pollsASt.L.— l8t,7«,l!tl9.Var.nd'HpoUsAVIn.—l8t,7s,1908.FAA8d mon..6B, K.,KilBr.,1900.MAN

lat. A (U.North.—lBt.6s,1919.HANDo courou off.

2d. •»•«— .^«. ISH'.I HAStis, 1909, Triiiit rer.,Btainp'd.MA{*

lowaOent.— Ist g.,!>s, 19»8..JADI'sFallB A 8. C.—lst, 78,1917.A&OJaok.T. A Key W.,let6 K.l'JlT.JAJJeffenon—l8t58,K. Kriv,IUU9.AAOJeff. Had.A Ind.—lBt,7B,1906.AAUSd mort., 78, 1910 JAJ

Kanaw. AHlch.. l8t4g., 1990.JAJKansas C. Belt, Ist, 68, 1U1(>. .JAJKan. C. Clinton A 8pr.— 1 8t,58,192:Pleaa. Hill A D« Soto, 1 sr . 7h. 1 907

K.C.F.8<i..t.Mem.-lBt,6». 1928.MANK.C.AM. Rv A Br. 1 8t 5 «, I Hva.AAOCurreiil River, Ih^.îs. iy27.AAO

K.C.Ft.8cottA Q.—lst,7s,l!)08JADKan. C. M. A B.-lst, 5s, 11127. MateBlr.,e<|Uln.,6g.,gu..l903. .MAS

K.C.8t.jQ8.AC.B.-M.7B,1907 JAJNodaway Val , Ist, 7^.1920.J*D

Kan. C.Wy.AN.W.-l8t 6». lyS-J.JAJKen. Cent. Ry.—Gold 4s. 19S7.JAJKentneky Uu. Ist M.,6«.1U28.JAJKsokukADes M.—l8t.5s, J 923.AAOKlnL-sCo. El.- 8r. A.,J8, 1925. .JAJ

2il mort 68. 1938 AAOFulton Kl. Isl M. 58, 1929. .MAS

Klnpe. A Peinb.—l8t. 68,1912.JAJLi»o E.A West.—l8t,g.,68,1937JAJ2d «.. ."Se, 19J1 JAJ

I.Hke ^lioie A Wleh. 8o.

—

autt.&H., new bd8,M.,78,'98.AAODet.Mou.A Tol.,l8t,78,1906.FAADividend bonds, 78, 1899..»AAOiLake Shore, oona. ,cj>.,l8t, 7b.JAJdo eon8.,cp.,2d,78, 1A03..JAD

Malion. CoalKR.l8t,58,1934.JAJKal.A.A (ir.R.-l8t 5", 193o.J«J

Lelugta Val.—l8t, 68, 1898. ...JADOon.M.,8ierling, 6g.,18978d mort., 78, lalOOon. M., 68, g.. 1923 reg JAD

Leh.V.Ry.lbt 4is», g., ly4<>,reo.gn.LeJLV.Ter.—lBt.g.gu.c8.1941.AAOLltolif. Car* Wed, Istg. 6h.'1W AJL.Mlainl—Renewal 58, 19 12..MAM Ull\L. Boca A Ft.8.—l8t, 78, 1 U05..J AJ

;

4 92Little K.dtMeui.-l8I.5».ll*;i7.MA8Long (8iand—l8t>I.,78,1898.MAN1st oouBol. 5e, 1931 Q—

J

Oen.M.48. 1938 JADFeiry-l8t,4'i8, g.,l»2^ MAs«.V.jiK'yB'ill,iBtK.58,1927.Ma.82d luf n. inc., 1927 8

W V.AMBU.Beacli,l8t78,'97,JAJN. Y. B. A M. B.,lBt con. 58, lOS,-)Brook. AMon., l8t6B, 1911.MASiBt 58, 1911 MAtt2d, 5b, 1938 JAD

Bmltb.A Pt.Jeff.,l8t.78,1901MA8L.M."ltyAFlu. Ist 6«,iyi L.MaN

Loa'T.Kv.AHt.L—lnt.eB, 1926.AAOE. R. A E. Div., Ist, 68,1921.JAJ2d mort., 2-68, g., 1936H. i. C.A C. l8i68,g.,1927.AAOConsol. 5e, 1939 JAJ

LomsT.A Nasliv.-ConB. l8t,78,189bOeolUan Br., 7b, 1907 MAPa. O. A Mobile. l8t 68, lilJO.JAJ

do 2(1,68, l;i30 JAJE. H. AN., l8t68, 1919 JaUSnl mort., 68, 1930 JADLoa'v.C.ALex.—I8t,78,'97 ..JAJ2d mort, 7b, 1907 AAO

lIem.AO.,etl.,M.,78, g.,1901JAlvel2oIf *Clark8V.,et'g,68,g.,l!>02 KAA el09PBaBacol»Div.,let,68,l'J20..MA8i 107St. I«alsDlv.. lat, Os, 1921 . .MAS

do 2d.,38„19«0.MA8Leb. Braccli Extension, 18ti3A4:U.aasli. aueo., Ist 78, 1U00...JAJo.&No.Ala.,S.F. 68, 1903M«N ellllen-forty 68, 1924 MAN60-year gold, 58, 1937 MANUnflled4a, g., 1940 ...JAJi'ensa. A Atl.—l8t,6s,gu,'21.FAACol. tr., gold, 5b, 1931 MANe. A N. Al. 8. f. 68, 1910 . ..AAO<Consol. 58, 1936 FAAI

Aik

107^

86

102100

i'ooi

Baiuioad Boimt.

U N. A. A C.-(ConUaurd.)Qaneral m. g. Ss, 1040 MAMO. * I. Dlv., da gold, 1011...rAA

Lo'laT.N.O.AT«z.-l«t,4s,ie34JiM8dni.,lnp.,58,1934 MM

Ix)u. By .Co.. 1st 0., 5B,g.,1030..J*JU>als.Bt.L.A'r.— lat68,g.l017.rAA

Bid.

74 «f

107

0804%735793

Atk.

OS746195

107I13>s115111137 >i

1071061031031058526100 1«

101105

100

1111<.'2

114126114

124109108113

.JADlelOe

.MAfi '-«->

104

90

1121159497

22ltloo

105105105110)112;109toils0981

111107120>8110114

9742ia8\ lo

119>« 120105>«il0e115>i

100105 >s

5125^ 9i81

6728 >f

112

107127

120

108;124

11661100112

aali.F.A8.lBtga. g.58,ig37.FAAI.'g7j(.A.A Chic— l8t.6B,1910.JAJ

I

Oon. mort. 68. 1916 AAQi

10181

101>t101 1910190100111105

112>a

'so

99

LonlSTllle Southern Js JAJMaoon&Nor.— Ist4>«s, 19U0.HA8Manhat El., consol. is, 1000.AAOBond, scrip, 4a ext AAOMxtrop'nBl.—lst,6a, 1008..JAJ 118%2d 6s, 18'0 .MAN 106

N.Y.EIevated.- lst,7s,1006.JAJ 112>t107 MalneOent.-Mort.78, 1808...JAJ Sll3105 Exten. bonds, Os, g., ie00...AAO 61 10%110 Cons. 7s, 1012 AAO (187112 Con8.4>«fl, 1912 AAOjIOjtilis Leeds A Farm'gt'n. Os, 1896.JAJ JlOS

Portl. A K..ConB. M., 6s. 'im.AAO 5 102116>a Debenture, 68, 10-208. ID05.FAA {102

MarlcAPIitBulx— l8tG8,1919.MAN 00Mar'taAN.Ua.-l8t.i;8,g., 1911.JAJ

29ii Consol., 6« , 1937 JAJtfarq'tteHo.A 0.~ -. 1908...HAS s^CO118,1023 (extension) JAD (100>«6a, 1025 (Marq A West.). AAO (100

Memph.ACharl.— l8t,78, 19t5JAJ2d mort., 78, extended, IOISmIAJ1st consol. 78, 1015 JAJ HOlst.oons..Teuu. Ilen,7s,191SJAJ 110

69 Oold,6s, 1024 JAJ 012d 6s, 1800 HAN 87>s

Hex. Cent.—Consol. 4s. 1011. . JAJ i 66%Istoon. Inc. 3s, 1939 July 282dcon. Inc. 3s. 1939 JuLv 14Old Ist mort. 78, 1911 J«jl

Mexican Nat.— iBt, 6s, 1927. .JAD2d M.,8er. A,lnc.,68,1917...HA82d M..Ser. B,lnc,68,1917.. April

Mich. Cen.—Consol., 7s, 1002.MANConsol. 5s, 1902 MAN68, 1909 MAS58, oonp., 1931 MASMortgagees, 1940 JAJJ. L. ASag.—Istext. 58 1901Det. A B. C, lat 88, l»o2 ..HAN

Mldd. Un. AWat.aai>— l8t,'i8,101I2d 5b. guar. N. Y. s). A W., 1306.

an. Lake Sh.A W.— 08, 1921..MANConv. deb. 68, 1907 FAAExt. AIuap.8. f. g. 58, 192J..FAAMich. Dlv., iBt, 68, 1924 JAJ 122Ashland Dlv., l8t 68, 1925. ..MAS 121 125Iijoomes, 68, 1911 .MAN 106St. P.E. AOr. Tr'k,l8t,guar.,6B. no's 114'j

MU. A No.—l8t, 68, 1910.. ..JAU 116>» 11888 Ist, consol. 68, 1913 JAD 1I5>«

MInnV- A St. L.—l8t, 78,1927.JAD 130>» 135l8t, g , guar. Vs.. 1!>27 JAD

I02i« IstM., lowaCltyAW., 1909.JAD 133 140Sontbwest.Ext.,l8t,78,1910.JAD 123Paoldo Ext., l8t, 68, 1921.. AAO 113Imp. A Equip. 6a. 1922 JAJ 95

Mlnn'p. A Pac, Ist, 58, 1936. .JAJMinn.H.Ste. M. A Atl.-l8t,48,1926Consol. 48, 1938 JAJ « 9«

Mo.Kaa.AT.-l8t. g., 4s,1990.JAD Si's2d, g. 4b, 1990 FAA 46KaDB. C. A Pac. l8t is. g FAA 70

lOd Dal. &WaoolBt,gu.,5a,lyio.MANMo. Pac—Conaoi. 6b, 1920. ..MAN

130% 3d mortgage, 7b, 1H06 MAN105 Trust gold, f 8, 1917 MAS111"* Col. trust, .^8, 1920 FAA95 Lexington Div, 5, 1920 FAA112% Pae.iif Mo., latex. g.4s,19J8.FAA 97 98921, 2d 78, 1891 JAJ 107611a Ver"8Vy.Ind.AW.l8t58.U)2«MA8

Leroy A C. Val., l8r,58,1926.JAJ117 Car. Br., Ist , 6s, g. 1893... .AAOl>5>« Buui.lVl.siS.-lstex.&s, u.'.FAA lol%100 2d. 7s, g., 1897 MAN 106 10«i«

Ark. Br. 1. gr., M., 7s, g., '9D.JAD 103 10«'iCairoArk.AT.,lst,78.g.,'97.JAD 106'e lOSGen. oon. r*; Al. g., S8,1931AAO t3>4 83 's

MoblleAO.—l8t,g'd,68, 1927.JAU 11J% H«tl8t Extengiou 68, 1927 (^-J 112

j

Gen mort., 48, 1938 MA4 62Bt.L.ACairo-48,guar.,1931.JAJ 82 |

Mont. AEutaula, I8t68. 1909..JAJ 105Morg'n'8La.ATex.,l8t,e8,1920JAJ 1'.2 .....

112>«| l8t mort., 7», 1918 AAO 126109>*| MorrlsA EBSex- lst,78, 1914 MAN 136% l40102 Conv. bonds, 7b, 1900 JAJ100 I General mort., 78, 1901 AAO83 Consol. mort., 7s, 1915 JAD

^Nashua A Lowell—68, g., '93.FAA108 . 58,1900 FAAil04

iNash.Chat.Aa.L.-lBt,7s,1913.JAJ §127115 1 2d mort.. 6s, 1901 JAJ.

I ConsoUdatedgoldss, 1928..AAO| 102i«

120 iNew Haven A uerby-Con.58,19181 lOS-t108>i [New Uaven AN., lat 78,1899..JAJ 115125 Consol. e*, 1909 AAO 120% 122122 N.J. Junction, 1st, 4a, 1986..F«A 101%112

i

N. J. AN.Y.-ldt, 6s, 1910...MANN. J.80U.—1st, 68,1899 lnt.gu.JAJ 107N. O. A Northeast.-Prior 1.68.1915N.Y.ACan.-£M.,68,g..l904.MAN<114 117N.Y.C.A Uud.Blv.-Eiidis. MAN 100% 100%

116 1st coup. 7s, 1903 JAJ 125114 Debenture SB, 1884 1004. ..MAS 106% 107%

do 58, 1880 1904. ..MAS 105%do 4s. 1890-1905...JAD 101%

SceiUngmort.,6s,g., 1903...JAJ <il21 123103 Uouv.A08W.lBt5s, g.l942...JAD llO .....

!N.x.l.Uo.A8t.L.—l8t,48,1937.AAO 96^ 97|N. t.AGreenir'dL.-l8t.M.lno.6a 37 402a mortgage income, 6« 7 10

N.i^ AHarlem—7s,coup.,1900.MAN 110 120N.K. Lack.A W.— 1st. 68, 1U21.JAJ 129

105% I ^1 d. 58. (mar.. 1923 ...FAA 113 114

BAILBOAD BoltM. Btd.

N. Y. r*rk. A W.-(Contlniiwl.)T«nn. A Impt. 4«, 102:1 MAV }....„

** Y. I.«ko Erie A WMtern-

9881%47%

85109%114

107%loo

101%44%

«4107%a»u118%100%}103%ct0332%

< 3%< 1%«100110

lOS8896

117101%

iVs"117

0200%

100

1211U2

92101lOJ

140121139% :

100% 101105128112103

ist M,text. 7s, 1897 MANd mort. ext«nded,Sa,leiB.MAfl

84 M. extnodwl,4>a8, 1023. .MA«4tb M.,ext«nded, 5s, 1020..AAOStbM., extended, 4s, 1038.JAIIlat oona. M., 7s, K.,1020 MAB1st cons. rundoonp.,7s,10SO MABReorganlsat'n 1st Hen. 6s, 1008I»ng Dook mort.. 7s, 1803. .JADLong Dock oon. g., 6s, 1035 AAONew 2d oons.68. 1060 JADCollateral Tr. 6s, 1022 MANFunded oooDon Ss, 1060. ...JADGold Income bonds, ea, 1077Chic. A Eriel8t4-Ass.1032.HANInoomoSs, 1983

Coal ARR. lst,gu.,ea,1923.MANN.Y. AL. Br'cb—Tat, 5s, 1931.JAON. Y. N. H. A H.lst r. 48,I003.JAD4 106N. Y.ANortli'n -1st K.5a,102T.AAO2d gold is. 1027

N.Y.On.A.W.—Con.5s,g., 1939.JADRnfundinir, lat, g.,4H, 1992 HAS

N. Y. A N. Eng.— 1st, 7s, 1905.JAJ1st M., 6s, 1905 JAJ2dm.,6s, 1002 FAA

B. Y. Pa. A O.—Prior lien. 6s, 1805do iBt 7s. 1905

2d mort. inc., 5s, 1910..3d mort. Inc., .^s, 1915...Eiiulp. Truflt., 5b,1908 MAN

N.Y. Phil. A Nor.— 1st, 1923 ..JAJIncome 68, 1933 AAO

N. Y., Prov. A Bo.4ton 7s, 1899.JAJN.Y.8.AW.-l8t refnd.,58,1937.JAJ2d inort., 4%s. 1937 FAAGon. m. .-,8. g. 1940 FAAMldl'd of N. J.—lst,6a.l0I0.AAO

Norf.ASoiitl'.- :stg.,5s,1941.MANNewD'g Dutch.A Conn.—rncs.1977Norf.AWest.-Uen.,6g, 1931.MANNew River Ist Os, 1932 AAOImnr. A Exten., 6s. 1034 FAAAiljuatraent 78, 1024 Q.—H.Eiuilpnient. 5b, 1908 JADClinch V. D., IstSs, 1957....HASMd. A W. Dlv. Ist 58, 1941. .JAJDebenture 6.8. 1905 MASKoan. A PO.lst g gn..'>a,1922.MAS80. Side, Va..ext. ft-6s 1900

do 2d .M., ext. 5-68... .19001 100do 3dM..e8, '96-1900.JAJI 100

ya.ATenn..4th M.,8s, 1900.JAJdo extended 53,l900.JA.l

100-year mort. 58, 1990 JAIdo Nos. above 10,000

j

North. Pac. Coast Istfls MANNorth Penn. -l8t,78, 1896....MANGen. mort.. 78, 1903 J&j! 121Debenture 68, 1903 MA8I

NortheaBt.,S.C.—lat M.,8b,'99,MASI 1162d mort.. Ss. 1899 MASi 114Consol. gold. 08, 1933 JAJ 105

Northero,Cal.— l8t, 68, 1907..JAJI HOConsol. 58, 1938 AAOl »7'

Northern Cent.—4%s, 1925..AAO2d mort., 68, 1900 AAOCon. mort., 68, g., coup., 1900.JAJHort. bda., 58, 1926, seriesA JAJ

do scries BCons. M. 6a.. 1904 JAJCon. mort, stg. 6s, g., 1904. ..JAJ,Union RB.—l8t, 68, end. CanL,'95' lOi

Northern Pac—Gen.,68, 1921.JAJI 117Gen. land itr.,2d, 6a, 1933.. .AAO 112Gen. land gr., 3d, 6s. 1937...JAD 108L. G. con., g. 58, 1939 JAD' 72^

Dividend scrip ext. 68, 1907.JAJPen D'Oreille Dlv., 6b, 1910..MAaMo. Dlv. 6s. 1910 MANJames RIv.Val.—lst.g..6B.'36JAJSpokane A PHl.,lat68,1936.MANlleluniiA Red .\it.lst,68,1937MAaDill. A.Man., lat, 68, 1936.. .JAJDak. Ext., lat, s.f. 6s, 1937.JAD

No.Pac.A Man.,l8t,e8, 1938.MASCueur d'Al.,l8t,g., 6s, 1916.MA8do Gen. Ist g., 6s, 1938...AAO

Cent-Wash'o, Ist g.68.1933.UA9Ch. A No. Pac. oon. 5 g. 1940.AAO

iNorth.P. Ter. Co.-lBt, 68. '33.JAJN. W. Gr. Trunk iBt, 69, 1910 .JAJN. W. Nor. Car. let 68, 1938. .AAONorw'h AWor.—lat M. , 68.'07. .MAS i

Ogd.AL.Cham.-Con8.6B,1920.AAOi4l06%Income, 68. 1920 :§ 26

Ohio r. A W.— iBt ptd.58,1938..Q-JInd. Bl.A W.— l8t, pf.,7s, leoo.

O. A Miss.—Cons., a.f., 7b,18 J8.JAJCons, mort., 7s, 1898 JAJ2d consol. mort., 7s, 1011...AAOlst.Sprlngf. Div., 78, 1905..MANlstg«n.,58, 1932 JAD

Ohio Btver RR.-l8t. 5b, 1936.JADGen. gold, 5b, 19J7 '..AAO

OUo Southern- lat 6s, 1921. ..JADOen. M. 4S, 1921 MA.N

Ohio Valley- Gen.H..S g.,19J8.JAJOld Colony—ea, 1807 F<aA68, 1895 JAD7s, 1894 HAS4%s, 1004 ^..AAO4%a, 1897 _ JAD4s, 1038 JAJB. C. F. A N. B., 5s. 1010 ..JAJ ....N.Bedford KB., 7a, 1894..JAJ ^03

OmahaASt.L.— lsc,4a, 1937..JAJ' 63 •«

OrangeBelt—IstM., 5s, 1007..JAJ!Oreg.ACal.—Iat5s. 1037 JAJ OSOrng. R'v ANav.—Ist d8. IROg.JAJl 110

113114%

'

107%|iSj"

ioi" ioi"136". ,37%iVo"}03'.ioi%

02%

10811096108%81%119100^10410783%4>»3

102111

107%9096>»

110

123

112

116%

107

98

03

101

110%* Price nominal, § Fttrotiaaer aUo para aoomed Interest. ( la London. I Coupon oO. t la AmstenUia. ', U Fraoklort, Oermaojr,

848 THE CHRONICLE. [Vol LV.

GENERAL QUOTATIONS OF STOCKS AND BONDS—Gontinctbd.

For Bxplanatlons See Notes at Head of First Page of Quotations.

Bailboad bohdb. Bid. Ask.

Or. Ry.&Nav.-Con.M.58, 1925J&DCollateral trust f 8, 1919....MAS

Osw.&Rome—IstM., 7s. 1915.M&N2(1. g. 5s. guar., 1915 F&A

Ox.&Clark.— iBt, p.& 1. Ru. 6B.M&NiBt Interest guar., 68 1937. .M&N

Tanama^Sterl'gM., 7s. g. '97.A&0Subsidy bonds, 68, 1910. ...MAN

Penn.RK.—Gen.M, 68, c,1910.J&JCons. M., 68,cp.,'05.J. 15 &D. 13Collateral trust, 4ifl8, 1913. -J&l)Consol. 58,cp.,1919 MASEquip. Tr. Is, series A Q—

F

Penn.Co., 68, coup., 1907..Q.—

J

Penn. Co.lst M.,4i«8,1921,r.J&JP6im.&N.y.Can.-lst.7e,'96-J&DiBt mort., 7s, 1906 J&DA RR. consol. 4b, 1939 A&OPenn. & N. W.-58, 1930 J&JPa. P. & Host.—l8t, 68, 1939. .J&JPeo. Dec. & Ev.—Ist, 68, 1920.J&J2dmortKage, 5s, 1926 M&NEransTille Div.,lst 68.1920.M&a

Peo.A Peklu Ur . -l8t,68,1921.0-F2dmort..4'48, 1921 M&N

Perklomen—1st ser. 58, 1918 Q-J2d series 5s, 1918 Q.—

J

Petersburg -Class A, 5s, 1926.J&JClass B, 68, 1926 A&O

Plilla.&E.-Gen.guar.,6s,g.,'20.J&JGeneral 58, 1920 A&OGeneral 4b, 1920 A&OSiinb. & Erie—Ist, 7s, 1897..A&O

Phil. AReadlng—Ist, 6b, 1910.J&J2d,7B,1893 A&OOonBol.M.,7B,1911,reg.&op.J&DOonsol. mort., 68, 1911 J&L"Improvement mort., 6a, '97.A&OCons. 5s, l8tBeries,1922....M&NDeferred income 68New gen. mort., 4s, 1958—J&JIst pref . inc. , 58, gold, 1958 .... FSdpref. inc., 5s, gold, 1958....

F

8d pref. inc., 58, gold, 1958. ...FSd pref., inc., 5s, convertihle...FTerm. 5s, gold, guar., 1941.Q.—

F

Phil. Bead. & N. E.—4s, 19^2..Ineomts, Class A 1952..Incomes, Class B 1952..

Phll.W. A Bait.—Deb.6s, 1917A&06s, 1900 AAO68.1910 JADTrust certs. 4s, 1921 J&J

Pled. A Cumb.—1st, 58, 1911.F&APlt.C.C.&8t.L,.oon.4i«8 \,1940A&0Plttsb.C.A St.L.-Ist, 7s. 1900.F&APlttsb.U.ATol.—let, 68, 1922.A&OPlttsb.ACon'llBV.—lstM.7s,'98.J.WSterling cons. M. 6s, g., guar.J&J

Plttsb.Ft.W. & C.-lst,7»,1912 Var2d mort., 7s, 1912 Var3dmort.,7s,1912 A&O

Plttsb. June. 1st 6a, 1922 J&JPittsb. A Lake E.—2d,5s,1928 A&OPlttsb. McK.& y.—l8t,68,1932.J&J2d 6b, 1934 JAJ

PlttB.Pain.AF.-lst,g.,5B,1916J&JPltts.Slien.A L. E.lst 58,1940.A&OTlttsb. & West.—ist, 4s, 1917.J&JPltte. Y. & Ash.- l8t,58,lil27.M&NAshtabula & Pitts.- iBt 6s. 1908.

Portl'nd&Ogb'g-l8t6s,g. ,1900JAJPort Royal A Aug.—let,6B, '99.JAJIncome mort., 68,1899 JAJ

Ports.Gt.F. &Con.-4i98,1937.JADPres. & Ariz. C—Ist g.68,1916.J&J2d Inc. 6b, 1916 J&J

Prov. & Worces.—1st 68,1897.A&0Balelgh & Gaston—88, 1898.. .J&JEen.&8'toga—lBt 78,1921 oou.MANBicli.&Dan.—Qen.m.,68, 1915J&JDebenture, Ss, 1927 A&OCon. mort. gold, 58, 1936. ..A&OEquip. M. s. f . 58, 1 909 M&8Wash. O. & W 1st gu.4s,'24.FAA

Klch. & Petersb., 6s, 1915. ...MANBlob. York R. A Cbes., 1st 8s, 18942d mort., 68, 1900 M&N

Blob. & West Pt.Ter., 6s, 1897.F&ACon. col. trust, 1st, 5s, 1914.MAS

Bio Grande West., 1st 48,1939. JAJBio Gr'de Junc.l8tgu.58,1939.JADBio Or. South.-Ist, 5s, 1940.J&JBorne A Carrollt.-1st, bs, g.,1916Borne W.AO.—Con.,ex.5e,'22.AAOButlanu—Ist M., 68, 1902....MANEquipment, 2d 5s, 1898 FAA

t.Jo.& Gr. Isl'd—l8t,guar.6e,19252d mort., incomes, 58, 1925Kan. C. A Om. 1st 58, 1927..JAJ

Bt L. Alt. AT.H. Ist M.,78, '94.Var2d mort., pref., 78, 1894 Var2d Income, 78, 1894 MANDly. bonds, 1894BeUev.A 8.IU.,l8t,8.F.8s,'96.AA()Bellev.A Car., Ist 6s, 1923. .J&DCli8H..APad.,l8t, g., 5s, 1917..Bt. L South., 1st, 48, 1931. .MASdv 2d , income 5b, 193 1 ..HAS

Garb. AShaw.,l8tg.48,1932.MASBt. L. So. W. 1st, g.. 4s, 1989. . .MAN

2d,g., inc. 4s, 1989 JAJ8t.L..* 8.F.—2d 68, cl.A,1906.M&N2d M., 6s, class B, 1906 M&N2d M., 68, class C, 1906. ...MANiBtm. Mo. & W. 68, 1919...FAAEqolpment 7s. 1895 JADGeneral mort.. 6s, 1931 JAJOeneral mort.,5s, 1931 J&JIst trust, g., 5b, 1987 A&OCon. gu. 4b, g., 1990 A&OKan. C. A8w., lst,68,K.,1916..JAJFt.8.A V.B.Bd.,lst,6B, 1910.AAO

72130105>«

el0295

129

9075 Jj

108»4100lOO105

130121H

107>«111128

107 1«

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11365

104

106109 >a

113100^113127103131

106

85%75k63»861>s62

-77"

6235

10767

107

70

108

131»s

B.UI.ROA.D Bonds

t 91»109H0>«105107 >slO/ijlO.'l

1091aI15i«116121lom

861s753869I4

ice's103

1011*110

107105

102>4

el29139^

131

130117

120

82 <«

105110511010490

^108

83107

107>«

1401088874%

11310197784979>s

§ 9581

96>s

111

108 1«

109119142>s

1113811U%5101

104101101

111

1008072i»8065 >«

27110IIOI4II014el0510010992

68I4

90

8049=679%95>s8490111%111IOIJ4OS's3?

Bid. Ask.

116

12067«795

78

10810810582ii

101

SO105%

St. Louis & 8. F.—(continued.)8t.L.K.&So.W. -1st 6s, 1916M&SKansas Mid.— ist, 48, 1937.JADSt. Louis Salem & ArkaD8a8-58.St. L. W. & W., 6s, 1919 M&8

St. L. V. & T. H.-lst M., 7s, '97.J&J2d mort., 7s, 1898 MAN2d, 7s, guar., 1898 MAN

n. p. A Duluth—iBt, 58,1931.FAA2d mort., 5s. 1917 AAO

9t P.Minn.A Man.—Ist 78,1909 JAJ2d 6s, 1909 A&ODak. Ext., 68. 1910 M&NIst consol. 6s, 1933 J&JIst COU80I., reduced to 4i«s ..J&JMontana Ext., 1st, 48. 1937.JADPac. Ext., 1st 4s, *, 1940. ...J&JMinn's U'n, Ist, 6s, 1922 ....J&JMontana Cent.— Ist, 6s, 1937J&J

1st, guar., g ,5s, 1937 J&JEa8t'n,Minn.,lst,g.,5s,1908.AAO

St.P.ANo. Pac. -Qen.68. 1923 . FAAian Ant.A.A.Pass.,lst,G8,1916.JAJ1st, 6s, 1926 J&J

San F.& N.P.- l8t,58,g.,1919. . .JAJSanduskyMansf.AN.- 1st, 7s,1909Sav.Am. AMon.con.,6,g.,1919.JAJi»y. Fl. & W.—1st, 68, 1934..A&OAt. & Gulf , con. 7b, 1897 ....J&JBo. Ga. & Fla.—l8t, 78,1899.M&N2d, 78,1899 MAN

Sciot.V.&N.E.-l8t,g.,4s,1989.M&NSeaboard & Roan.--68, 1916. .F&A5s, coup., 1926 JAJ

8eat.L.8.&E.—l8t,gold,6s,'31.F&Ajham. 8un.& Lew.—1st, 58,'12 M&N3ham.V.&Pott3.—7s,cou. 1901J&J9o. Cen. (N.Y.)—Consol. mort., 58..3o. Carolina—Ist M.,68,1920..A&O2d mort., 68, 1931 J&JIncome 6s. 1931

So. PacArlz.—lst,68,190910.J&JSo Pao.Cal.-lst,6B,g.,1905-12A&OIst con. g, 58, 1938 A*0Aust.<»Norw.—lst,o8.g. 1941J&J

80. Pac. Branch—68, 1937 AAO80. Pac. Coast—Ist gu., g., 48, 19373o. Pao.. N. M.— 1st, 68, 1911 .J&JSpok.FallsAN.—lst6s,g.,1939.JAJ JStateL. ASul.—l8t6B, 1899. ..J&J §102Stat.Isl. B.Tr.—lst6s,g..l913.A&0,2d mort. guar. 5s, g., 1926. ..J&J

8anb.Haz.&W-B.—l8r,5s,1928M&Nl 102'ji

2d mort., Os, 1938, reg M&NI 98Sunb. & Lewlstown, ) 8. 1896..J&J 106Susp. B. & Erie Juno. -1st 7s, 1900 109%Syr.Blng.&N.Y.—oonsol.7s,'06A&0 1^8Syraouse8(.R'y.—lst.58, 1920.J&J J.Ter.RK.A.8t.L.l8t,g.4i«,1939,A&0Terre H A Ind.—Ist, 78, 1893 AAOConsol. mort., 58, 1925 J&J lOa

Terre H. & Log'pt.— l8t,gu., 6s,JAJ 1 10Ist and 2d, 6s, 1913 J&J 105

Tex. Cent.-l8t,8k.fd.,78,1909MANiBt mort., 7s, 1911 MAN

Texas & New Orleans—l8t,7s.FAABablne DIt., 1st, 6a, 1912. ..MAS 103

Tex.&P.-East.D.l8t68,1905.MAS1st gold, 58, 2000 JAD2d gold Inc. , 5s, 2000 Mch

Third Avenue Ist 5b, 193V JAJTol. A. A.A Cart.—lst,6s,1917. MASTol. A. A.&Gr.T.—lst,68,1921.J&JTol. A. A. & Lake Mich.- let 69Tol. A. A.&M.P.—lst,U8,1916.M&Srol.A.Ar.&N.M.—lst.68,1924.M&N1st consol. 58, g. 1940 J&J

Tol. & Ohio Ceut.—lst, 5b, gu.l»35ToL & O. C. Ext.—Ist, 5s, g., 1938.

Do do guarMarietta Min., Ist, 63, g., 1915..

Tol.PeoriaAW.—lBt,4s,1917....JAJTol. 8t.L.AK.C.,l8t,6s,1916...JADTroy & Boston lat 7e, 1924...JAJ !{

Ulster A Del. con., 5, 1928. ...JAD! 103United Co'bN.J—Gen.6s,1901.M&8 5115%

do gen. 4s, 1923 FAA J102do gen. 4s, 1929 MAS iM06

Bterllngdo 68,1894 MA8ci02do 68,1901 MASelia

Union Pacific—Ist, 68, g, 1896.J&J 107Ist, 6s, 1897 ..J&J 108lat, 68, 1898 J&J 109Ist, 68, 1899 JAJ 110>sSink. F., 88, 1893 M,Sj8| 103

122101%90

1141*lOIis

68%

80

8258

90ifl

120

102381129687i«

lOiTg

ioe'

102>s64114110

65%27%

lis

iio%

69

Om. Bridge, sterl. 8s, g., '96.A&0 el09Collateraltrust, 6b, 1908 J&J "'Collateral trust, 58, 1907. ...J&DCollateral trust 4is8, 1918.. M*NGold c'8 col. t'st notes, 1894.F&AEquipment Trust 5s A&OKans.Pao.,l8t, 6s, 1895. ...FAA

do IstM., 6s, 1896 JADdo Den. Ext., 6s,1899.M&Ndo let cons. M.,66,1919 M&N

Oen.Br.U.P—A.&P.P.68,'9oM&NFund, coupon 7s, 1895 ...MANitoh.Col. & P.,lst,6s,1905Q.—

F

At.J.Co.& W.,l8t,68,1905.Q,—

F

U.P.Lin. & C, l8t.g.,5s'18A&0Oregon 8hort-L. & U. N. Consol .

CoUat. Trust 5s, 1919 ....M&8Oregon 8hort-L., 68. 1922 .. F&AUtah 80., gen., 7s, 1909 J&J

do Ext,l8t,78,1909J&JUtah A Nor.— Ist M. 7s,1908.J&JGold 5s, 1926 J&J

U.P.Den.AQulf oon.,5.g ,1939.JADU. A Bl. R.—Con. 48, g, 1922. .JAJUtioa Clin.ABIng.lst5,1939...J&JValley of Ohio—Con. 6b, 1921.M&SVer. & Mass.—Guar. 58, 1903.MANVa. Midl'd.—l8tBer.,68, 1906.M&S

15

96 1«

106

100

RAILBOA.D AND MISCEL. BONDS. Bid. Ask,

1111057798 >«

78 >s

80103 14

79 «

Va. Mid.—2d series, 68. 1911. .M&83d series, 68,1916 M&S4th series, 3-4-5s, 1921 M&B5th series, Ss, 1926 M&SGeneral 5s, 1936 M.feNdo guaranteed, stamped

Wabash-lst gold 5s, 1939. .MAN2d gold 58, 1939 FAADeb. mort.,serie8 A, 1939 J&JDeb. mort., seiies B. 1939. ..J&JDet. AChic. Ext.. lst,g..1941.JAJ86.L.K.C.AN. (r.e8t.&R.),78.M&B

do St. Cha's Bridge 68, 1908do No. Mo., lst,1895...J&.l

W. Jersey A At. 1 st M.,68l910MA8West Jersey -Ist, 68, 1896 J&Jl8tM.,78, 1899 AAO

West Shore-Guar. 4s, 2361...J&JIWestVa.C.&Pitts.—l8t,68,1911JAJWest. Va.&°itts.—lst58, 1990.A&OWest.Maryl'd—3d eu.,68, 1900.J&JWest.N.V.&Peun— l8t..i8.1937J&J2d m., 38 g.—5s -so. 1927. ...AAOWarren A Frank., l8t,7s,'96F&A

W'n No.Car-Con.Os.guar. 1914.JAJWest'nPenn.-Ist M., 6s, '93. .AAOPitts. Br., Ist M., 6s, '96 JAJGold 4s, 1928 J&D

Wbeellng& L. Erie—Ist, Ss,... 1926Wheel. Div.,l8t, 5s, 1928 ....J&JExtens. and Imp. 58, 1930..F&AConsol. 48, 1992 JAJ

Wilm. Col. A Aug., 68, 1910 ..J&DWilm. & Weldon—78, g., 1896. .J&J5s, 1935 J&J,

Winona&S.W.—lst,63,g.,l<>2S.A&o5WiBcon. Cent.Co.—l8t,58l937.J&J 90>tIncomes, non-oum., OS, 1937 36

Wore. Nash. & R.—5b, •93-'95. Var. 5100Nash. & Booh., guar., OS. '94.A&0,§101

106

89'

HO

99

114132

iniscE:i.i..%^NEovs bonds.Amer. BeUTeleph'e-78, 1898.F&A ÎSHAm. Cot. Oil—M. g. 88, 1990.

.Q -F

Am.WaterW'sCo.—l8t6s,1907.J&Jlet con. goldSs, 1907 J&J

Amer. Steamship—6s, 1896...A&OBoston & .Montana—78, 1S98..J&J il02>sBust. Uu. Gas—58, 1939. r.rec.J&J 5 s9

11060

CauabaC'lMln.— l8tg.7s,1907.J.ScJChes. &Del.Can.—lst5s,191B J&J

~ .J&J

SO>s »l>«26% 28

113100110 114%87 90

99%102>«

, 90106 >a 1071*

90 959382 8481 84I4

UOHi

107

1129583 >« 8766 Is 709578 9618

f 9810610811010810010080

827474 74'*74 >j 76104 10510^102106 1107071'4 71I21025109 111

926 105 "a 107113

Chic. Gas L. &C.—g. 5s, 1937Chic. June. col. g. 58, 1915..Col >r»do Coal & I—6s. 1900.

.

Cul.&Hock.C'lAl'n-g.6s,1917.JAJIComst'k Tun.— 1st iu. 4s,1919.M&NCousol. Gas, Bait.—6s, 1910. .J&JConsol. 5s, 1939 JAJ

Oonsolld. Coal—Conv. 68,1897.J&JDenv.City Water Co. 59,g.'10.MANDenver Con. Gas ist 6s, g 1911Edison Elec. 111. Co.— Ist, .Ss. . . 19 10Do B'klyn l8t,g.,5e, 1940,A&0

Eq.G'ÂF.,Chic—lstg.6s,1905.J&JGeneral Elec. C6u. 5s, 1922.. .JADGr'dR.Cl.&C.—l8tg.6s,1919 A&OHecker-Jones-Jewell Mill'g 1st. 6s.

Henderson Bridge—68, 193 1 . .M&SUoboken L. & Imp. Ss, 1910..M&Nlualaniipolis Gas Ist 6s,lj20.M&NIron Stenmboat Co.— 6s. 1901.J&JLaclede Gas, St. L.—5s, 1919. .Q—FLehighC.&Nav.—M.4iss,1914.Ci—

J

RR. 68, 1897 Q-FConvert. 68,1894 M&SMort. 68, 1897 15 J&DConsol. mort. 7s, 1911 J.&DGen. mort. 4is8, 1924 Q—

P

Man.BchH.Lgen.4sg.1940 .M&NMut.Uu.Tel,—SKg.fd.6s,1911.iI&NNat.St'rcli.Mt.Co.-l8t,K.tt8,'20 M&NNew Eug. Telephone, 0s,1907.A&ONew Orleans Pac—land grants...N.Y.& Out. L'd— Istg. Gs.lylO.FAAN.Y. APerry C. A I. 1st g.Cs, 1920.Northw'n Telegraph-7s,1901 J&JOregon Imp.Co —1st 68, 1910.J&DCousol. Ss, 1939 A&O

Peun. Canal—68, 1910 ...JAJPenu. Steel—Ist Ss, 1917 M&NPeople's G.AC.Ch -l8t,6, g. '04.M&N2d do 1904 J&D

Peoria Water Co. 6s, g., 1919. iM&NPleas. Val. Coal lst68g.1940.MANPo'k'psie Bridge—1st 6s, 1936. FAAProitor & Gamble Ist 68. 1904...St.L.B'dge&Tuu.—lst78, 1928.AAOSeiiurlty Cor. let g. 68,1911. .MANTenii.C.I.&K.—T.ilv.l8t63,'17A&0Blr. dlv. Ist con. 68, 1917... J&J

W'n Un.-Deb. 78, 1875-1900.M&NDeben. 78, 1884-1900 MANCollat. trust cur. Ss. 193» JAJ

Wh LE.AP.Coall8tg.5s,1919.Jj.JW'ooist'ck Iron-i8tg.6s. 1910.J&JSTOCKS—KAlliUOAU. Par.Ala. Ut. south.— A., 6a, prol.,.*10B. commoQ iilO

Ala. N. O. & Pac, &c.. A, pref.JJlOdo do B, def. ilO

Alabaaia & VicksburgAioauy <£ aa8queu..Guar..7...10'jAtchison TopeKa & Santa Fcit/OAtlanta & Charlotte Air Line ..lOOAtlanta & West Point 100Atlantic & Paoillo 100Augusta & Savannah, leased. . . 10'}

Baltimore A Ohio 100Benef. Int. Certs 100do lstpref.,6.. lOudo 2d,pref 100

Bait, A O. S. \V.—pref lOJBeeon Creek, guar .50

39 41

i'oe" iofii

167" ids

iofii i'oT117103% 10414107% IO8I41041141a102>«32 331061a

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104

112

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105

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103109

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64 >«

64 la

100

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1041170

16

100109%

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122

i-rloe oomlnaL 5 Purohaser also payg aoorued Interest, e In London. lOouposoI. » Prloe per share, tin Amsterdam. ! tn FranUori.

NOTKMBBR 10, 1803. THE CHRONICLE. 849

OENKRAL QUOTATIONS OK STOOKd AhfU BONDS—CojrrmoiDFor BKpUaatloas He* i<Io(m mt Haa« or rirst Pa** of Qaatallona.

RliUtOAO BTOOKB.

B«Uev'e&B.Ill.,pr.lOOBoaton a Albitnv..looBoaton A lA>wiin..lOOBoaton A Mai no... 100Boa. AMnliicprct.lOOBo«>.*v VBo«iBoxBr»»l.....Ball. Kuch.dt

do

pf.lOO..100I.. 100

.id. 100P 100Prrf 100

Bid.

130203\18V8178 1«U2>s100 >•

2B2IVS3130866113>«

r

r 2S&7>«»0\7

B. a R. A North.. 100CHllfoinlii fiKllto 100Ouiidoii AAtlai>il('.r>0

do d.i IT ftO

Canada Boulhvrn.lOOOa ladlan Paolllc. 100OtttawlBsa SO I

do iHt pf..Ô(.do 2d |>rBf..50

OedarF. A Minn. ..100Cent, or (leorKla...l00OentralMass 100 16><

do pref . 100 *bCent, ol N.J 100 125>aCentral Ohio 60

do Pref...80Central Pacmo....I00 2S>«Oliar. Col. A Auf;..100 10Obea. A O.-Vot. Tr. cor 28

do latpMOO 60>«do 2diirur.lOO 40>9

OhloaKO A Aiton..lOO 144do prof. 100

Ohio. Bur. AQuln.lOOOhlo.AEast. III...100

do pref. 100ahl«. Mil. A 8t. P. 100

do pref.. 100Ohio. ANortliw'u.lOO

do pref., 7.100Cblc. A Kor. Piic .100Ohio. R. 1. A Pac.lOOC.Bt.P.M.AO.,coiulOO]

do pref.lOOiOhio. A Weal Mioh. 100Oln. Ham. A Day. 100ClncN.O.AT.Pac.lOOCln. Sand. A ('.pf . SOClnoln. A SpringOlevel. Ak. a Uol.lOOOlere. A Cuntun..lOO

do pref. 100OleT. C. C. A St. I.. 100

do pref.lOOCLAPtn.,Knar.,7. 60 151OoL A Qreen.,prei.lOOCol. H. Val. A Tol.lOOPret

OoLAZen.,gu.,b>ic 80Con. A Montreal—

C1.I (B.C.AM. pf.lOOOlaaalV. (Cono.)lOO

Con.APort«.,j<u.,7 100Conn. A Pasuuiup.lOOOouneotlcut KlverlOOOona. of Vt., pref 100Ourent Klver 100Danbury A Norw'lk.50Day. A Mloa., gu.. 80 z 75

do pf.,gu.,8.80 173>«Del. A Bound Br'klOODelaware A Uuil.. IOC 131Del. Lack. A West. SO 151 \Del. A Mew £ug...lOODeny. AKloGr....lOO

do pref.lOODe« M. A Ft. l)'ge 100

do pref.lOODet.Bay City A A.lOODet. BiLb. a S. W.IOOOet. Lan. A North.lOO

do pref.lOODnlQth S. S A Atl.lOO

do pref.lOO& Tenn. Va. <)iUa.lOOdo X8t pref.lOOdo 2d pref.. 100

Beat Pennsrlvaula.SOaatemin N. H...100 78i4KUx. Lex. A Bin S.IOOClmlraA W'iutip't..SO

do Pref SOSvanavlileAT. H..SOfitohburg 100

do Pref. ...100mm APereMarq.lOOdo pref.. 100

•Ta.Cen.AP. -V.T.Oer. I

do 1st pref.oum.loo t

do2dpr.uou.cuiu.10U <

Georgia PaclHc.lOOOa. KU. A B'kifCu.lOOOr. Kaplila A Ind .100Gt. North. Ky. pref..Or.B. W.A8UP...1O0

do Prof... 100Har.Por.Mt.J. A1...50HanfMACt. Weat.lOO'fioosatouu- pref.. 100Hous. A Tex.Cent. IOCHnntlDg. A Br.Tup. So

do Pref.SOIfllllnola Central... IOC

I:

do leased l.,4p.c. 100'Iowa Central 100

do Pref.lOOIowa F.A Bloux City

.

Kan. A Mich 12JeO.M.AInd.,l'd.lOOKan.C.Ft.S.AMem. 100Kan.C.Ft.8.A U.pMOOHon r M..III A mr.ltO

ISO808183>917«>4143

2831303487 ^87 >«

70IB

918

58 >«

174U

126>iiS660292023>i

148

BAILBOAD 8T00U.

Kan.acrnA8p-d.100Kentucky Cont 1 00Keokuk ( l>e«M..I00

do prer..l0OKiokuk A Weat'n . . 100<lnKat' aAPeml>r'ke30'.AkeLrle A W....100

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do Pref.. .100 45Mo. Kan. A T 14>9

do pref... 100 24>«4lBSourlPaolflc...lOO 89^Mobile A Ohio 100 33Morgan's La.ATez.100Morris A E'x, gu.,7.S0Sa«hv.Chat.A8t.L.25Nai!h. A Decatur. ..25Nishua A Lowell. .100Naugatuck 100N squebontuK Vall'ySO.VewH'n A North.. 100Sew Loudon Nor. . 100N.Y.Oent.A H.Klv.lOON.Y.Ch.A8t.I.newlOOdo Ist pref.lOOdo 2d pref.lOO

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do Pref.lOO 98N Y.N H.AHartf.lOO 247N.Y.ANorth.,oom.lOO

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do Pref.lOON. News AMl8S.Val.OoNorf. A Sou 100Norf.A West,, com. 100

do pref.lOONorth Carolina 100Nj. Pennsylvania.. 50Northern Central. . .50Northeastern 50Sorthern N. H 100Norlh'n Pao.,oom.l00

do Pref.lOONorw.A Worcester. 100Ogd. A L. Champ. 100Ohio A Miss 100

do Pref.lOOOslo Southern 100Old Colony 100Om.ASt. L. 100

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do pref.lOO 60Pitts. A Connell'e..50« 8rttta-Ft.W.A C.,Kuar.7 153Pitts. Junot 80 a 35Pitts.-M.K.AYough 504120Pltts.Va. A Charles.SO « 48Pitts. A Western. ..5o'» 8

do Pref.. 50, 35Pltts.Youngs.AA8h. 50 a

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do Pref. ..100Tol. Peor. A West. 100Tol.8t.L.AK. City.. 100

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do pref.. 100'Warr'n(N.J.),rsM,7.50West End (Bost.)...50

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American Bell....lO«aErie 100Hudson River 100Mexican 10N.Y.ANewJeraey.lOONew England 100Tropical 10'TBUrr GO'S

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a Price nominal ^ Purchaser also pays accrued interest [• (Quotations dollars per share. a In London.

850 THE CHRONICI.E. [Vol. LV.

GEN'BRAL QUOTA-TIONS OF STOCKS AND BONDS—Concluded.

For Explanation aee Notes at Head of First Page of ((aotatlonn.

Miscellaneous St'ks. Bia.

Wells Fargo Exp.. 100West End Lanil (Best.)

Weet'nUnion Beel Co.

niNING STOCKS^^(N. Y. & 8AN. FRAN.)Adams ConsAmerican Flaf;AliceAstoriaBarcelonaBelle Isle 100BelmontBest & BelcherBodie 100BreeceBulwer 100Caledonia B. H . . . . 100Con. ImperialChoUar 100ChryBollte 50Comstock Tunnel st'k.

Consol. Cal. &VaCrown Point 100Deadwood terraDenver City Con...DnnldnEl ChristoEu'kaCon 100Father DeSmet.... 100Goiild&Curry 6.30.100Hale & Norcross-.lOOHomBilverIron Silver 20Iron HiUKlngs.iSiPemtir'ke IronLacrosse 10LeadvilleConsol....lOLittle Chltf 50Mexican 100Mono ...Moulton>Javajo 100:*orlhBeUeIsIe....Ophir 10Oriental & MillerPhoenix of Arizona...PlymouthRoblu80iiron?c;....50Bavago -. .. ,

Sierra Nevada 100Standard 100Union Consol 100UtahYellow Jacket

145) 171s

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Weetamoe (F. R.).100* illim'tic Linen Co.25York Co. (Me.K...750BANK STOCKS.

Baltimore.Bankof B.altimore 100Bank of Commerce. 15Citizens' 10

65 Com. & Farmers'.. 100..

I

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t

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•21

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Brooltlyn.Bedford 100Broadway 100Brooklyn 100City National 50Commercial 60Fifth Avenue 100First National.... 100Fulton 40Hamilton 100Kings County 100Long Island 100Manufacturers...- 30Mechanics' 50Mechanics' & Traders'Nassau 100North Side 100

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130 Atlas National. ...100 133Citizens' National. 100 237ia

60ii iCommercial Bank..50i 11548 Equitable Nat 100121 lFlrihNatioual....lOO123 iFirst National lOOl

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95 Third National. ...100Western German.. 100

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l>etv Yorlt.Ameiica 100American E.xoh'gelOOBowery 100Broadway 25Butcher8'&Drovers'25Central National . . 100Chase National 100Chatham 25Chemical 100City 100Citizen's 26Columbia ICOCommerce 100

USisl Continental 100OUI4

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, Fifth National ICOFirst National 100Fii stNat. ofStaten Id,

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153 N.Y.N at.Kxch'nge 100Ninth N&tional 100Nineteenth Ward. 100North America 70Oriental 23Pacific 30Park .100

170 People's 25Phenix -20

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Seaboard 100lis Second National. . .100

Seventh National. 100Sherman 100

300 Shoe & Leather ... 100St. Nicholas 100

157 State of N. Y 100Southern Nat 100

Inscbance Stocks.

220

230

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2381s Seventh Natienal.lOO120 jWesteru National. .50— St. Louis.

I

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Fourth National. .100330 ['German 100;

German ArnericanldOl128 Hlnternational 10013% 1 Laclede National. . 1 00

162'a'iLiif.iyette....

3 80157%2C0991351.'6

525991s3502103256 '2 .J

13513 8

110

160

102100

190160

820220

175"1801C2

i'16"105

.100 1300

137330

21215631026j184138134=>0

41344004f'015527.'>

200130250110160

10013513

100

loo's

217160315274190142

1224800

201.020025001101702013104001253403301603411251616C0180i31125420125190220188180220143130

5400280300165230630130115170165242193303295123131ifl173173323125130152132115lOOis

161

202137

116ItO

20725

400

333133

€35'200245

150

195

230531407

Mechanics 10()[ 233Merchants' Nat'l.. 100 137i«Mullanphv ..lOOi 250Nat. Bk. Republic. 100 1

101Noithwest.rn 100, 200St. Louis National.lOO 130State Bank 50 195Third National. ...lOo' 121isSan Francisco

AnKlo-Calrfornian OS'sBank of California 26 J

First Nat'l God. ..100 182Loudon Paris & A I

120>4;Lon.ion & Sun Fran... !

,

Paiitie [

,

INSLBANCJiSTOCKS.Noiv Iforli.

Alliance 1000 SOAmerican 50 110Bowery 23 85Broadway 2o 129Citizens' 20 lii7

Comaionwealth ... 100 70Continental 100 3.-0Eagle 40' 217Empire City 10U[ 70Farragut 50 80Germ in-American 100' 300Germania 30 170iGlobe 50[ 73Greenwich ...25| 105Hamilton... 15i 75Hanijver 5"' 130[Home 100 140Kiugs Co. (B'klyn) 20' 163Lafayette (B'klyn).50 6)Manuf.A Builders' 100! 75Nassau (Brooklyn). 50i 140National 37is' 60Niagara 50l 145North River 25 70Pacilic 25 135Peter Cooper 20J 130Phenix (b'klyn).... 30 150Rutgers 25; 108Stuyvesiut 25 80United States 25i 120Westchester 10| 165Wllham8burgCity..30[ 315

inARINE INSCR-ANHK ."CKIP.

Atlantic Mutual1888 1031889 1011890 1041891 1051892 106

JComm'ol Mut.1873-82 :•

120

'240

140

102

lis"200122 >s

175240

137120

250

315

133

l-bO

155162

125104

26519312137'»162

9014USiO13511080

2602238010032018085

115?0140145175f59J1456516075

1401401651139513517533a

10»10610»106107

5

PRICES OF FXCHANGEniliHIBEHSHIPS.

iN. Y. SlockI

Lastsaie, Nov 18,500N.Y.Consoi.St'k* Pet. 160b. 175*.Last sale, Nov. 2.... 150

N. Y. Produce 800 ask.

Lastsaie, Nov. 16... 725N.Y. Cotton 1000b 150CaLast SiUe, Nov. 2.... 800

N.Y. Coffee 190b. 225».

Last sale. Nov. 12... 205N.Y. MetalLastsaie 35

R'l Est. Ex. & Auc. B'm 900b. 920a.

Last sale — ..

Boston Stock 17,000 bid.

Lastsaie, Oct. 1.... 18,000Philadelphia StockLastsaie 2,500

Chic. Board of TradeLastsaie 1.050

Chicago Stock ••

Lastsaie, Oct. 6 1,000Iplttsb. Pot. St'k & Met. 500 bl'l.

* Prloes nominal, tBoatonbaakquotaUous areaUex<4lTidencl. « Price per share—not per cent, j 75 per ce it paid In cash.

November It). 1803. THE CHRONICLF. 851

UnuestmenlAND

ijailvoadi IntclUgjetice.

V.f Investors' Sopplement, a pamphlet of 150 pageacontains e.vteniled tablet of the Stocks and Bonda of Rail-

roads, and other Companies, mth remarks and statistics eon-

eeming the income, financial status, etc, of each Company.It is published on the last Saturday of every other m-mth—vit., January, March, May, July, September and November,

and is furnished without extra charge to all regular tub-

teribers of the CnRONiCLE.

The General QuotatioTis of Stocks and Bonds, occupying

six pages of the Chronicle, are published on the tbirdSaturday of each month,

RAILROAD EARNINGS.

BOAtl».

AIIecTicnr V:il.

K,

(

Lateit Samtngt Rtporttd

Week or Mo 1892.

Septenib'r. I

l8t wk Novl8t wk Not.IstwkNovl

•240.191789.517188,9673a.092

A

I

.<* 5<eptemb'r.Al. CnlOutohpr. .

Atlaut.i A u I'l.i AiiKUst...B.40.K;li<tI.lni-

' TotulBal.ArO.fiouthw.BatliiS; ir:im'ii(UBlct Atlaiilio..

Blr.Sli.ATinu KBrooklyn Klt-v.

Bilff.i:"cl).\ritl 1 St wk NovBur.r. Uap. & N i I st wk NovCninil-ii \- Atl.'i^fpt

I Cauailiaiil'u^'ilU'Car.cuiu <;.vrii.

' Car. Mi.llaiiil ....

Ceutral of Cia...

Ceiitialof N. J..

I

Central I'acilln..

CeDtral off. c.Cliur.Cln \lliic.ChailcsfuASav

' Char. film. cV; No.CiiiTaw.\Uarl..Choraw.A-Hal!8l>< hiM. & Ohio(lies. O. A-.S. W.Chic. Bur. it No.Cliic. Bur. & y.

• Chlc.A East. 111.

Cblcafio A- Erie.Chlc.Mll.*St.l>Chlc.&S'tliw'nChlo.Peo.&S L.I

' Chlo.Kkl.AP..Chlc.St.P.A-K.f.CUlc.at.l'.M.AOCUic. iW. MkbCln. ()a. APoit.".

' Cla. Jai'kAMav.ClD.N.o.iT.P.

I

Ala.Gt. SoutU.N. Orl. & N. E.Ala. & Vlcksh.VIcks Sh. &P.ErlauKrr 8.vi"t.

Ciun. Northw'ii.Cln. Ports. A V..

Col. & Mav.«v.Clev.AkrouiVCo.Clev. Can. «t .So.

CI. Cln. (h A.-i.L.

Peo. A East'ii.

Clev. A.Mari.ttaCol. II \' .V I,. I,

Co! - ill

twkNov 1,013,57658.96613,40130.436

C<Con:.. :.

Current Kivfi-..Deuv. & Rio (ir1)69 M v.. .V vv.

DorJJ.1

Dulu .. .u.Ilululli ,v Winn..K.Tenn.Va & Ga'I'.'ln Jol.AEa.-(t

nsA Imrpll.ima. A RIcli..^1 A- T. U.

.^(pttMuli'r.

>*rptt'iuirr.s'i'ptcuili'r.

1st wk Novrî'pteiiiirr.

Ofiol.er. ..

*i'pt(>ml)'r.

-MwkXov.

niirr.

I wk Nov.^'pptPinb'r.October.JuneSeptouib'r.Septemb'r.Septemb'r.October.;<optemb'r.October .

Septenib'r.>^(•I^temb'^,-il wk Nov.Sipteinb'r.Septcinli'r.Scjitcuib'r,1st wk Nov.Si'ptemb'r.'.M wk Nov.Bepteiuh'r.1st wk Nov1st wkNovIstwkNScptenih'r.1st wk NovOctober. .

1st wk Nov1st wk Nov1st wk NovIstwk Nov1st wk Nov1st wk NovIstwk NovOctober. ..

October. ..

October. ..

Istwk NovSeptciub'r.1st wk NovI St wk NovOctober. ..

Oc toiler. ..

I wk NovOctober.Septenib'r.Istwk Nov2'lwkNov.October.October1st wk NovlatwkNov.Septenil)"r.1st wk NovOctober. ..

2.1 wk Nov.Istwk Nov2(1 wk Nov..*^cpteiuirr.

".Mani.i latwkNoviScjitcnib'r.

l;io (ir.Octoher. ..

' .* No.l:Scptenib r.II' -<..tcmb'r.

• iier. ..

••mb"r.— i...,^... ..... ... : u k NovCiii. K. A: i: t. W. 1 si wk NovOther lines 1 st wk .VovTotal all lincs.lst wkNov

Grand rrniik....'Wk Nov. 5Chlc.di (ir. Tr. »'k Nov. 5I>et.Or.H.A-M.,W» Nov. 5

Creat Nortb'n—St. P. M. A M. October.

* £aat. of Mlnu lOclober.• Montana Cent October.

.9.^4,561650.365

2,604.9264S,<)!)3

4,1033,490

21,49536.758 91797,72377.769

498,0001,3738,200

544,9281,313.2981,395.031

6.64315,(10034.50517.7507.922976

176.139215.036223,504

4,135.59890,294

237,235763,905

3,207.88026.275

411.336103.493870,83139.0566.9214,46074.57934.08628.36611,60013,310

162.0312,075

25,4361,100

19,7369.">.7

273.2:28,57932,680

315,20616,8632,800

114,2564.411

190,60041,66028,30024.06837,73210,149

123,80179,2776,2752,508

23,539687,93053,0773,570

51,OSS27,302

130,582|71.4S22,693

49,11010,6214.389:

61.119427.006'67.93423,851

1891.

S238,064733945184.78834,253

952,98963.72716.11332.789

1,810,646512,302

2,322.94852.8503.7!)94.577

) 9.82836.25452.7i9

102,02484,473

480,0003,8597,064

1.27i",6381,643,899

8,72S19,04045,66322,6689,1251,328

206,701210,221225.921

3.713.13662.985

232.614762.S83

3.186,21325,026

342,508105.816862,3 1

2

35.5387,530

12.29780.83 7

40,1502.).42317,97619,381

183,7672,062

25,2981,081

19,20571,992

274,97"36,04833,126

338,98115,6892,400

102,9482.663

177,80033,67029,0502-1.92937.5455.652

143.96272.7488,8171,924

21,6506-18,94756,4283,115

58,70914,615

140,11s69,9233,002

48,8169,2274,396

62,439

Jan. 1 U> Latttt DaU,

1892. 1891.

•1,925,150

31,655,1267,744,1071,855,947

4I,2.^5,181519,101

27r.67814,644,7684,693,36819,248.1352,250,772

19,65934,203

176,0551,630,8842,719,0273,622,2.53683.530

18,394,00319,94053,106

10,637,07111,034.804

70.6721 17.666453,481121,92857,02211,548

8,290,1841,611.9521.570.392

29.306.7703.480.1392,014.280•28.447.97723.930,2321,109.779

15.789.9804.322,9216,371.4571.703.796

59.069601.465

3.584.71,481,8501,060,438601,116454,107

7,033.29017,417

216,32 ->

11,9108.51,006657.658

12.2*0.1301,515.050274.176

2,776.946610.73225.126

896,201174,501

7,930,251341.400300,551

1,054,8191,981,037

89,438

70i",602329,130

1,112,5245,556,0352,437,675

20,349306,385163,660

1,017,321619,79033,464

2,136,163423,692209,299

2,769,154

1,871,89229,543,9877,274,5991,731,106

38,572.109592,915

283;39514,184,9464,095,09318.280,0392,103,730

17,91542,664

151,6931,53?,9852,39 V6913,916,492666.675

17,241,20233.02651,615

10,4'l6.47612.429.808

73.664132.405553.255105.85274,44315.276

8.056.6791.699.6611.544.54324.406,0573,181.3651.933.330

25,111,71020,656,797

976,19714,142.3733.875.8735.424.1311,510,313

57,823619.682

3,695,0921,604,740978,387543.417521.364

7,341,00117,658

205,56010,621

808,687630.283

11,700,7971,431,733287,722

2,712,839489.68323.735

824.510136.835

7.424,160274,429375,559

1,078,8301,922,079

54,297

583,412311,332

1,054,6085.195,9052,484,147

30,800248,81788.167

1,293,622620.12730.U14

2,061,823385,299196,178

2.643.300420.823; 16.732,836; 16,306,20071,62224,633

1,727,448 1,601,710164,501, 149,579129,845 117,629

3,146,1971,024,129

10,685,794895,876983.220'

3.064.3.1-J

1,007.589

8,833.287878,613

1.058.598

Or.Not.-Oon.)-'Tot •rttem. rTctolwr.

(I.IIairW.&BtP. Meptenib'r.OnlfttUhliWKllooa.TUD.AWi I I.

Iliiinoiit'nMhi'rillnlcli.ABoiith'n ^< pteuib'r.Illliii>ls Central. Oclolwr. ..

lull. Dec ifc Wn-t. OiUilicr. ..

In.Ailt Norlh'n Istwk NovUiilcioc. (Mex ) Wk Oot.29

. 2,0:

Iowa Central.. IntwkNovIron Uallwoy. . October. ..

J'ki.v.T.AICW JulyK'anuwliaA.MIcb 2(1 wk Nov.Knu 0.0L&8p.

I latwkNovK C F.&AMeni. latwk NovK.C.Mon.ABIr. latwkNovKa.C Nev Ail''l.9,0otobor.Kun.C.Wv.*NW Octolier.Keokuk AWeat. latwkNovl..Erlc All. dcSo. October. .

L. Kric ft Woat. letwk NovlAsMifhti Uud.. Ootober.I/OhiKh Valley.. Auguat..I<. RockAMem.. 2(1 wk Sep.Ix>nK taland 2dwkNov. „. .

jijiy2dwKNov.1 at wk Novlat wk Nov1st wk NovOctober. ..

AugustlatwkNov

• I •11,794 l,86X.blH

I,ouls.& Mo.Rlv.lA>ula Ev.&StL.I.oul4v.&Naahv.Louls.N.A.&Cb.lA)U.8t I..* Tex.MaulatliiueMar. A Nor. (ia.

M(Mupbt8&Cha9. ....

I.Mexican Ccuf.i2d wk .VovLVIex. Natlonal.{'.<dwkNov^Mexican R*WHy Wk Nov. 5Milwaukee A No 2il wk NovMineral Ranifo. October,.Mlniicap.&st. [,. October.M.St.P. &S.H.M. OctoberMo.Kan.&Tex.. Istwk NovMo.Pac.AlrouJI 2dwkNov.Mobile ik Ohio.. October. ..

Nash Ch.ib8t.L. October. ..

N Jersey &N.Y. JulyNowOrl.&Sn'n.. October. ..

N Y.C.AH.K... October. ..

N. Y. L. E.&W. AUKUSt....N.Y'.Pa.AOhlo.. AugostN. Y'.&N.Ene... JuneN.Y'.&North'^n.. October. ..

N. Y.Out.dtW.. Istwk NovN.Y fiuaq. <t W.. Septeiub'r.Norf. ASoutli'u. Septeiub'r.Norfolk 4 West. Istwk NovN'tlieast'n (8.C.) Septemb'r.Norib'u Central, septemb'r.Northern Paolflo 2dwkNov,Wis. Ct. Lines. 2(1 wk Nov.N.P.A W.Ceut. 2dwkNov

Ohio & Miss October. .

Ohio River Istwk NovOhij Southern.. October. ..

Omaha <& St. L.. Septeiuti'r.OreKouImp.Co. .Septemb'r.Pennsylvania... Septemb'r.PeoriaDoc.&Ev. 2dwkNov.Petersburg septemb'r.Paila. & Erie... Septemb'r.Phlla.A Read'K. Septemb'r.Coul&IronCo. Septemb'rTotal botb Con. Septemb'r.Lohlgb Valley. August....

Pitts. Mar.ACb. Ootober. ..

Pltt.Sben.ftL.E. October. ..

Pitt8.*We«t. sys 2d wk Nov.Pltl.Youne <tA. October...Pt. Koyal&AUK. Septeiub'r.Pt Roy.&W.Car. Septemb'r.Pres.AArlz.Ceu. July(JiiincyO &K.C. October. ..

Hii'h..VDan.sy8. JulyRich. & Petersb. Septemb'r.Rio Or. South'n. 2s) wk Nov.Rio (ir. Wc8l'u.. 21 wk Nov.8a(t.T,!»ci)la.tI£. October. ..

St I..A.&T.H Ifs Istwk NovSt.r,.Keu'etASo. October. ..

St.Iy.Southw'ru. 2(1 wk Nov.St. PaulcScDui'tb October. ..

s.Fran.itN.Pac. ithwkOct.Sandersv.ATon. Uetober. ..

Sau Ant.&A.P. JaneSnv. Am. AHou. Septemb'r.Silverton October. ..

Sioux City 4 No. October. ..

.South Bound October. ..

South Carolina.. October. ..

So. PaclBc Co.—Gal.Uar.AS.A Septemb'r. 491,358Loula'aWoat.. Septemb'r. 94,687Morgau'aLAT. Septemb'r. 499,608N.Y.T.&Mot. SepUsmb'r. 80.971Tex. (k N. Orl . . Septemb'r. 143,03

1

Atlantic sys.rf. Septemb'r 1,273.967PacIHe ayttem Septemb'r. 3.426.684Total or all.. Septenib'r 4.700,651

CoaatDlvtCal.) septemb'r. 221,775Soii.Ulv.(Cal.) Septemb'r. 778.553Arizona Uiv.. Septemb'r. 171,639New Mex.Uiv. Septemb'r. 86.610

f!par. Un. 4 Col. Soplemb'r. 9,876Statea lal. R. T. Septemb'r. 93,962stonyCI.4CMt.. Septemb'r. 7,831Summit Branch. Septemb'r. 114,057

[.ykena Valley Septemb'r. 1 11.622Tot'l botb Co'a Oriober. .. 220.'277

Tenn. Mldlniwi ii..i.,i,..r. 20,239Texas* P.i Nov.i 149,504rexS.Val.\^ c-r. ..' 4,519Tol. A.A.A.N..-U. Nov.: 24,25HTol. Col. A Clu..|4llnvkOc-l. M..5!HTol..kohloCento 2-lwk Nov. 42.305Tol..t O.Cen.ExtiSeptcmbr. 18.434Tol. 1'. 4 Weat. .' l»t wk Nov 31.146

43,9648,5 IH8,437

15,00010,828

1,833.85143,148841.55630,10087.8878.806

40.1816,0316,273

104,200S4,0439,400

84,6638,0318,486

67,38946.748

1.848,7707,686

76,5788,91036881

4-t5.2.50

00.49512.09!)

S7721,01130,or.9

in.i(j6105.50764,i)5338 19110.656

194.764355,356216,837518,000297,480473,23931,82912.717

1.289, 87-<2.677.501641,705

'58,9075s,537

163,93232,292

226.24131.982

650,070570,22911.5,373685,602397,32319,02560,95147,398

347,0426,0^8,024

16.46037,564

538,877•2.104,923.902.649

4,0(!7.57-J1,548,770

3,96739,42547,221

l-i2,42422,7912-2,12113,09925,626

917,43028,59216,30645,60013,89429,1703,493

97,000246,62131,711

838107,03750,70913,20080,07922,669136,000

33,3745,.'>49

3,18317,888,166

1,889,18488,403

I3.M4.8W

88.0173l<,446118.70071,990

18,788,400- 416.740

101,800 3,25M,88434,46541,4 308,001

89,8267,6148,080

100,43681,8706,438

33.8168,3087,788

66,98836,802

1,638,44218.19169,38142,05333.456

447,89566.89210,0023,575

34.827170,86381,771e'<.27440,09(113,724

222.503287,204222.460554.000348,370491,98027,90714.876

4.173.6632,946.268699.624

'48,35567,129

15$,124

182,94344,736

625,919630,555107,480738.035404.95818,32160,60448,513

426,6326,159,557

15,54236,031

503,7962,124,9612,348,2694.473.2301,528,442

4,59235,38444,4.^5

147,66125,20627,81816,83025,817

1,107.02025.2949,327

52,00012,06228.0503,360

132,700247,54136,6531,004

137,83052,82017,39055,989

1,608,84729.787

806,868316,677373,847

4.316,300936,737

380,907841,58968,066

8,011,018880,049

872,7583,856.20:1343.950

1.302.86118,346.7.543,810,867543,39380,705

10,770J08

88.04817,679

180,<HI«

18,163:84^396,781

>,a59,lt8

l,4'8i',883

38,043488,833383.30«364,149

8.996,173996,131

346',6To349,43461.787

8,744,133818,907

185,072

451,312102,198473.84630,771

184,6891,238,3923,653,8184,892.207356,703656,338173,71989,62812,150

105,2897,284

109.34470,011

•J11.77722.8 40

179.5675.452

17.76610.63 c>

38,38316.83121.767

1.201.9767.804,7793.924.6252.560.9001,474. lO.S

109.5371.631.0372,603.3328.134,369

33,720,0002,708,6504,282,116175,183108.490

37,681,48120,255,3634,636.7482.906,004478,840

2,962,9931,277.059321.06S

8,339.173466.741)

.5.219.43521.711.8365,087,22726,799,0638,500,135654,731524,687421,822

2,935,62380,598,756

753,131413,941

3,800,02516.853,34915,893,43232,746,782

"3'2",7'5,'5

3-25,9622,086,7051,231,829169,369191,78674.496

226.7076.986.986267.113586,339

2,287,436103,671

1,261,78929,-20i

3,829,0271,724,831742.080,

5.508639,196373,35078,957|

353,2761159,3571

1,095,566

3,226,793'759,821'

3,641.475,168.186'

1,220,703]

489.0188,716,822233,040

1.351.372.7.082.9272,411.694432,84

1

104,910

1,341,8886,353,6603,614,8753,886,1181,811.177120.661

1,471,2951,976,8758,096,779

22,061,0002,837,9828,861,081168,335137,850

36,172,09419,5,50,5814,532,7162,918.416431,338

2,600,9171,218,650

7,6l8'.7V8546,009

4,979,82121,714,7564.510.727

26,225,4823,517,069603,237476,685888,693

3,104.64349,5'27,125

749,333399,348

3.803,03315,970.41414,612,28230,58'2,693

'3A898274,963

1,975,3801,090,192273,339290,48775,016

215,5467,706,829250.216242,127

2,243,10389,468

1,203,16819,730

3,830,4601,487.907739.169

7,673722,276357,070100,010367,290

1,382,767

3,174,235716,946

3,780,624154,846

1,179,8249,091,945 9,083.310

26.445,63035,537,5981,694,0348,864,884 4,927.9591,430,370742,63780,869

840,91931,916

962,876793,434

1.9X1.587157.546

3,677,93840,171

972,295383,650

1,705,701

843,298

37,225,60336,'J08,9131,740,959

1,467,713771.43399,380

831.31348.887

946,769689,745

1,918.289167.973

6,090,45637,638

892,333383,384

1,384.636

818.433.

862 THE

Roads.

Tol.8t.L.&K.C.Tol. & So. HavenUlster & Del ..

Union Pacific—Or.e.L. &U. N.Or.Kv &N.CO.U.Pac.D.&O.St.Jo.&Gd.Isl.All otiier lines.Tot.U.P.8\s.

Cent Br.iL.L.Tot. cont'lpd

Montana Un..Leav.Top. &S.Man.A.l.&Biir.Jointlj" ownedGrand total.

Vermont ValleyWabasliWest JerseyW.V.Cen.& PittsWestorn of Ala.West. Maryland.West.N.Y. &PaWest Va & Pitts.

Wlieel. & L. ErieWll. Col. & AuffWriglitsv.&Ten

Latest Earnings Reported.

WeekorMo] 1892. 1891

2dwkN0T.Septemb'r.Septemb'r.

Septemb'r.Septemb'r.Septemb'r.1st wk NovSeptemb'r.Septemb'r.Septemb'r.Septemb'r.Septemb'r.Septemb'r.-eptemb'r..Septemb'r.Septemb'r-Septemb'r.2fl wlf NovSeptemb'r.October. ..

AueustOctolier. ,.

3(1 wk Oct.August2dwlfNov.Septemb'r.October. ..

46,7192,469

42,269

667,389520,989514,14122,600

2,556,72«4,394,683143,759

4,538,44a86,8142.4834,251

93,5-'iO

1,585,21820,8.='

4

362,000168,05391,71339,410

102,0008<',10036,33125,65261,5657,000

46,1992,680

37,955

637,737617,521574,41828,900

2,268,78"4,192,539100,585

4,293,12444,6482,i-.50

4,25451,8.Tl

4,319,050118,588291,000190,08399,75539,43090,92576,40023,58323,35066,8998,230

Jan. 1 to Latest Date.

1892.

1,898,41819,771

326,789

5,291,9683,238,3734,264,1751,014,326

17.287,59630,976,322

973,05331,954,37.T

813,95?25,59329,562

869,11232,388,931

I52.1.i012,346.0691,354,328907,09-2303,334

1891.

1,702,79220,751

298,640

5,621,9034,026,2364,131,306745,945

15,913,01130,309,410

503,80730,873.217

531,31322.45830,561

584,36231,165,398

140,15411,964,2071,310,853921,959342,839

2,808,074212.971

1,259,912568,99857,289

2,931,212110,981

1,123,415678,01272,819

* Figures cover only that part of mileage located in Soiitli Carolina-fEarnings given are on whole J.acksouville Southeastern System-d Includes earnings from ferries, etc., not given separately. tiMexioaucurrency, a Tol. Col. & Cln. included for tlie week and since Jan. 1 iuboth years.

Latest Gross Earnings by Weeks.—The latest weekly

earnings in the foregoing table are separately summed up a

follows:

Only 27 roads have furnished returns as yet for the seoon dweek of November. On these the loss in the aggregate is 3- 10

per cent.

2rf wccfc of Xotember. 1892. 1891. Increase. Deereau

SS $ SBrooklyn Elevated 36,779 36.2.54 525Canadian Pacific 498.000 4S0.O0O 18,000Chesapeake & Ohio 176,139 206,700 30,561Chicago Mllw. & St. Paul. 763,905 762,833 1,02-.!

Denver & Kio Grande... 190,600 177,800 12,800Evansv. & Indianapolis. 6,275 5,-<17 458Evansv. & Tirre Haute . 23,539 21,650 1,889Kanawha* Michigan

—

6,023 7,614 1,591Long Island 75,571 69,381 6,190Louisv.Evausv. & St. L.. 36,881 33,456 3,425Mexican (.eiilral 171,106 170,863 243Mexican National 105,507 81,771 23,736Milwaukee & Northern.. 38,191 40,096 1.905Mo. Pivciflc ii Iron Mt.... 518.000 554,000 36,000Nortborn Pacific 570,229 630,555 60,326Wisconsin Central 115,373 107,480 7,893

Peoria Dec. & Evansv... 16,460 15,542 918Pittsburg & Western 47,221 44,425 2,796Bio Grande Southern 16, •'06 9,3-J7 6,979Kio Grande Western 45.6f0 52,000 6,4006t. L. & Southwestern..

.

97,000 132,700 35,700149,504 179,567

17,76630,063

Tol. AnnA. & N. M 24,258 6,492•Toledo & Ohio Central.. 42,305 38.383 3.922Toledo St. L. & Kan.City. 46,719 46,199 5-20

262,000 291,000 29,000Wheeling & Lake Erie . . - 25,652 23,350 2,302

Total (27 roads) 4,105,143 4,236,579 100,110 231,516

Net decrease (3-10 p. c.) 131,43

• Toledo Columbus & Ciucinnatti iucluded In both years.

For the first vveek of November the final statement covers79 roads, and there is a trifling gain^l55,914—or 1'76 per cent.

1st week of November.

Previously rep'd (23 r'ds)

Atch. Top. & Sail. FeSys.St. L<mis & SiinFr. Sys.Colorado Midland

Bait, ite Ohio Southwest.Brooklyn ElevatedBuffalo Roch. & Pitvsb. .

.

Burl. Ced. Rap. & North.Canadian PacificChicatto & East. Illiuois..

Chicago & Grand Trunk.

.

Chicago Peoria & St. L...

Chic. Kock Isl. & Pacific.

Chicago St. P. & K. City.Chicago & West MichiganCln. Jackson A MackinawCln. N. O. & Tex.Pac.5 rdsCleve. Akron & ColumbusOleve. Cin. Cliic. & St. L..Peoria & Eastern

Col. Shawnee & Hockiug.Current RiverDetroit Gr. Hav. & Mil..

.

Detroit Lansing&No

—

Doluth 8. S. & Atlantic. ..

East Tennessee Va. & Ga.Evansv. & IndianapolisEvansv. & Richmond...Bvausv. & Terre Haute.Flint & Pere Marquette..Brand Rapids &lndiaua.Cincinnati R.& Ft. W..Other lines

Interu'l &. Gt. North'n ...

Kanawha <IK MichiganKansas City Clin. <s Spr..Kan. City Ft. S. ^ Mem..Kansas C. Mem. <Sc Birm.Keokuk & Western

1892.

4,321.632789,517188,96735.09248,9»338.19458.91797,723

488,00090,<i946 7,93426,-276411336103,49339,05814.460

162.03119,736

273,2^228,57916,8634,411

23.85124,06837,732

123,8017,0172,508

23,44653,07749,11010,6214,38886,5566,0796,273

104,26024,0428.021

iOJNlCLE. [Vol. LV.

1«( week of Xoveinber. 1892. 1891. Increase. Decrei\'.

« « $ *Lake Erie & Western

—

67,389 66,932 437Louisv. Evans. & St. L.. 37.036 31,339 2,747Louisville & Nashville... 465,250 447.595 17,655Louis. N. Albany & Chic. 60,195 36,592 3,903Louisville St. L. & Texas. 12,099 10,002 2,097Memphis & Charleston... 39,059 34,827 4.768Mexican Railway 64,9.53 68,274 3,321Mo. Kansas & Texas 216,837 222,460 •• 5,623Sew York Out. & West... 58,537 57,159 1,378

19.02517.537

1^,32115,765

3,7041,772Peoria Dec. &, Evansv...

St. Jo.seph & Gd. Island. 22,610 28,900 6,'iOOSt. L. Alt. & T. H. ilr-olies 29,170 28,030 1,120 .

Toledo Peoria & West'n.. 21,146 21,767 621

Total (79 roads) 9,011,758 8,885,811 393.423 242,511Ket lnorease(l-76 p.o. 155,911

Net Eariiiu^s Monthly to Latest Date*.—The follovying|

shows the gross and net earnings to latest dates of all railroads

furnishinff monthly statements. The compilation includesevery road from which we can get returns ol: this character,

and in that form is given once a mouth. Early returns arej

published from week to week, as soon as issued, but for tlie

convenience of our readers all the roads making returns arebrought together here in tlie week in which we publish ourmontlily article on net earnings—say on or about the 20th of ^

tlie month. A paragraph mark (^) added after the name '

of a road indicates that the figures for that road have not pre-

viouslr been given, but appear for the first time in this

issue.Oross Earnings . . \et Earnings.

1891.

1891. Increase. Deerease.

« $ $4,293,663 156,737 128,763733,945 55.572184,788 4,17934,236 83652.8^6 3,86335.693 2,50152,7-29 6,188

102,024 4,301466,000 22,00062,985 27,30971,622 .--- 3,68823,026 1,249

342,508 68,828105,816 2,32335,533 3,51812.297 2,163

183,767 21,73619,205 531

274,977 1,75536,048 7,46915,689 i,r7'42.663 1,748

21.633 >• 78223,929 13937,545 187

143.962 26,i'6'i

6,950 671,924 584

22,109 1,33756,428 3,-35148,816 294 .... ->•

9,227 1,3944,396 8

101,50C 11,9447,193 1,1145.03C 1,243

100,426 3,83131.3 H 1 7,3288.308 _. 237

i892,Roads. S

Allegheny Valley.. USept. 210,191Jan. 1 to Sept. 30... 1.925,150Mar. 1 to Sept. 30... 1,534,583

At. T. & S. Fe Sys.bSept. 3,666,191Jan. 1 to Sept. 30. ..27,111,933 25.227,71

1

July 1 to Sept. 30. ..10,163,376 9,509,300

8t.L.cfeSanFr.Sv8.b8ept 951,821Jan. 1 to Sept 30... 6.579,539July 1 to Sept. 30... 2,604,940

Colorado Mia. b... Sept. 183,162Jau 1 to Sept. 30... 1,620,613July I to Sept. 30... 581,353

Aggregate Sys. ..bSept. 4,807,775Jan. 1 to Sept. 30. ..35,312.097 33,901,622 11.12J,1 19 10,018.365July 1 to Sept. 30. ..13,349,869 12,323,317 4,801,307 4,189,768

Baltimore & Ohio—LinesE. O. R. b...8Bpt. 1,951,561 1,810,646

Jan. 1 to Sept. 30. ..14,611.763 14,134,946July 1 to Sept. 30... 5,430,279 5,455,928

Lines W. O.R. 1»... Sept. 650,365 51'.!.302

Jan. 1 to Sept. 30... 4,6;)3,3i>8 4,095.093July 1 to Sept. 30... 1,676.315 1,453.253

Total system. b... Sept. 2,^')4,926 2.322,913Jan.l to Sept. 30. ..19,213.133 l8,-28 1,039

July 1 to Sept. 30... 7,106,593 6,914,131

Beech Creek USept288,631

238,0011,871,3321,198,382

3,429,359

839..1996.147,7462.280,709

176,2341,52(5,161533,309

4,441,993

1892

109,090/ 37.370623,411

1,430,1378.206,2753,55(1,301

432,6132,16J.2401,124,381

37,031393.635120,623

1,920,131

1891.

111,990752,991614.103

1,293,6277,597,7073,151,61237-2,933

2,071.315902,01845,941

379.342136,138

1,717,3-21

801,9304,612,3141,931,237

215,9336)3,402396.033

1,020,8614,:m,2l52.377,370

July I to Sept. SO..

Bennington & Kut ISept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

Birm.ii Atlantic. bUSept.Jau. 1 to Sept. 30...July 1 to Sept. 30...

Bir.Shef.& Ten. R. bISept.Jau. 1 to Sept. 30...

Bjst. Rev.B. & L. 'I Sept.Jau. 1 to Sept. 30...July 1 to Sept. 30...

Bt'klvu Elevated.. TISept.Jan. 1 to Sept. 30...

Buff. R. & Pitts... b.Sept.Jau. 1 to Sept. 30... 2,360,462July 1 to Sept. 30

"''

'""

Burl.Ced.R. & No.aHSept.Jan. 1 to Sept. 30...

Cam.iV \tl.& Brs. alfSept.Jau. 1 to Sept. 30...

Oinadian Pacific. a. Sept. , ,

Jan. 1 to Sept. 30... 15,314,003 14,232,70

J

Carolina Midland. USept. 7,838 0,310Jau. 1 to Sept. 30... 44,906 44,351July 1 to Sept. 30... 19,041 16,918

Cent, of New Jers. a Sept. 1.313,293 1,271.638Ja-j. 1 t>Sept. 30. -.10,637,071 10,416,176

Central Pacific.Hb. Sept. 1,395,081 1,613,899Jau. 1 to Sept. 30. ..11,034,804 12,429,803

301,183 133,57

710,3614.897,7972.120,976

101,677647,196262,429

813.0335,511,9362,3^3,405

isJ.'ii*

199,42180,0033,372

30,70610,152

21,495170,035

2'4'2,778

125,677

151,3851,382,254290,611

854,438437,400

3,046,86877,769683,530

1,375,031

184,23179,8514,031

33,08711,27619,32S

151,693

27J'ilO147,620

140,9711,303,366

257,2302,062,020746,293423,874

2,637,895

81,473666,675

1,835,659

47,509 def 14.212

Char. Cin. & Cliic. USept.Jan. 1 to Sept. 30...

Cheraw,fe Darl...bT3ept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

Ohesaneake & Ohio aSept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

Ches. & O. S. W-.'rbSept.

Chic. Bur. &Nor.b..Sept.Jan. 1 to Sept 30...

Chic. Buri. & Quin.bSept,

30,734142

4,1932,097

4.83557,162

'72!l4961,98064,271593,31091,328692,537262,371101,501776,89020,220166,121838,999

5,372,414

1,8312.9674,049

59 2,6104,135,331

563.1654,407,031def.96512,266 13,738

102,666 113,365

7,922 9,12557,022 74,14318,636 21,592

939,731 893,6-997,021,894 6,703,3322,819,320 2,683,439

215,036 210,221

233.501 225,9311,576,392 1,511,543

„ _ 4,135,598 3,713,136Jan. 1 to Sept. 30.. .29,306,770 21,406,037 9,331,226

Chicago &E. 111.. blSept. 395,894 341,639July 1 to Sept. 30... 1,140,8-27 1,029,619

Chlo.M.&St. Paul.aSept. 3,109,375 3,003,609Jan. 1 to Sept. 30. ..33.316,838 20,077,971July 1 to Sept. 30... 8,586,335 7,770,167

Chic. &W. Mich... a Sept. 204,302 173,592Jan. 1 to Sept. 30... 1,479,446 1,304,533

Cin. lack. &.Mack. 1[S apt. 66,977 63,633Jan. 1 to Sept. 30... 521,228 547.095July 1 to Sept. 30... 201,693 195,167

26,929

1,3039.6883,303

6.84352,'272

so'isi73.340

59,215557,040

3 6, 6,3.1

673,315254,993

166,451768,366

24,310163.4SI

825.2105,162,786

2,31416,3935,977

529,0304,337.715

763.1205,692,-2'22

def.2.96td6f.22,879 det.25,815

3,15013,0726,031

301,3341,923.903939,13279,09996,924

533,2301,723,167

1.19724,7813,741

240,0331,643.312757.154

81,854

113.986603,671

1,616,8449,109,457

466,0071,114,9267.216,743

431,813

1,329,377

, ... 6,217,9092,807,139 2,710,082

61,587 61,399

395,299 411,819

23 2-20 17,263

135,338 13?.2iS

67,297 57,17*

NoVKMHKll 10, 1802.] THE CHRONKJLb; 8S8

1803. ISUI.BoaitK • t

<Jln.N.().>kTt>J.P.1I«Bei)l. 3rt2,.%37 887,320Jnii. 1 to !<<'|>t. 30... 3,136,933 3,206,772July 1 to M(>|it. 30... 1,036,238 1,1.^5,371

Xla.Ot.Soiitli'iilla.-liipt. 151,273 186,6^1Jim. 1 to SiMil. 30... 1,282,210 1,371,534July 1 to 8epl. 30... 430,219 463,970

N. O. A No-eiist.11 aSopt. 103.3 17 105,98

1

Jiiu. 1 to Hcpt. 30... 905,377 825,123July I to Sept 30... 320,322 2J2.70J

Al»t)'rt.tVlok<.1lH8upt. 45.162 .'i6,076

Jan. 1 ti> Kept. 30... 43i,302 442.828July 1 to Siipt. 30... 139,030 149,701

Vlcks.Sh.APac.HDSept. 42,364 59.06SJau. I toTJinit. 30... 380,«73 423,402July 1 to Sept. 30... 124,200 141,272

Total 8y8ieiu...BlI8opt 704,054 765,996Jau. 1 to Sept. 30... 6,135,997 0,207,720July 1 to 8opt. 3J... 2,109,045 2,193,023

CIn. Ports. iVlr.1lb.Sopt. 27,815 26,191Jan. 1 to 8opt.30... 190,389 130.232

V.Akron AC'ol.liaSept. 91,861 88,724Jau. 1 to Sept. 30... 733.363 701,407July 1 to Sept. 30... 265,806 256.237

.vel.Cnn.ASo.b.SepI;. 95,778 71,992Jan. I to .Sept. 30... 057,653 530,233July 1 to Sept. 30... 284,478 216,191

riev.Cln.U.*8tL...«Sept. 1,397.847 1,305.131Jau. 1 to 8«pt. 30. ..10,615,411 10.134.317Julv ltd Sept. 30... 4,109,508 3.896,691

Peoria A E.Dlv.HaSopt. 175,093 170,847Jau. 1 to Sept. 30... 1,321,729 1,241,841July 1 to Sept. 30... 474,378 506,255

Oleve. & Marietta... Aug. 29,188 28,716Jan. 1 to Auc. 31... 210.368 222,392July 1 to Aug. 31... 53,430 53,765

; n. V. & Tol...b.Aug. 306,334 332,131Jau. 1 to Aug. 31... 2,139,856 2,029,232

Luuiberltnrt Val...1i8ept.Jau. 1 to Sept. 30... 700,598 729.354July 1 to Sept, 30... 270,694 249,110

Den. & k Gran'io.b.3ept. 825,710 807,093Jau. 1 to Sept. 30... 6.754,251 6,225,960July I to Sept. 30... 2,541,724 2,359,972

DdtBayCltyAAlbHSept. 32,793 33,452Jan. 1 to Sept 30... 272,251 346,509

Det. Laus. &Nor...aSopt. 122,287 122,072Jau. 1 to Sept. 30... 913,633 924,636

Diilutb <feIron Rue.lTSeptJan. 1 to Sept. 30... 1,283,180 627,714July 1 to Sept 30... 735,755 662,609

aiklrk AII.V. * P.USeptJan. 1 to Sept. 30... 220,304 204.995July 1 to Sept. 30... 88,300 77,764

KUlnJoIlet&E.. 11a Sept. 77.843 62,147Jan. I to Sept. 30... 622.325 510.661July 1 to Sept. 30 .. 224,310 199,096

Blmira Cor. &No..1i8ept.Jau. 1 to Sept. 30... 308,645 337,529July 1 to Sept. 30. . . 125,867 111,244

Evansv. <k Terre U-HOctJuly 1 to Oct. 31... 480,711 460,840

mil Brook USeptJan. 1 to Sept 30... 553,711 .^65,571July 1 to Sept. 30... 189,445 222,430

»Unt&PereMar.a..8ept, 237,704 245,156Jan. 1 to Sept. 30... 2,146,171 2,170,913

Ka.Cen.& Peuln.blTSeptJan. 1 to Sept. 30... 1,215,703 1,037,122July I to Sept. 30... 326,627 . 296,396

fort Worth A- R. a.l SeptJan. 1 to Sept. 30... 255,297 192,108July 1 to Sept. 30... 78,769 83,508

eeOrglaRK ITaScpt. 130,532 140,118Jan. 1 to Sept. 30... 1,047,324 1,293.622July 1 to Sept. 30... 352,236 338,648

ea.8outU'n&Fl»b1I8ept. 63.434 .59,896Jan. 1 to Sept. 30... 543.308 550.201July 1 to Sept. 30... 181,729 192,002

Sfd Rap.* I.8V9...1ISept. 299,713 289,723Jan. 1 to "Sept. 30... 2,410,900 2,296.569

erandTr'kof CanHSept. 389,576 368,539Jan. 1 to Sept. 30... 2,938,313 2,351,975

CWe.iGrandTr.llSept. •62,163 62,390Jan. 1 to sept. 30... 576,412 556,158

Dat-Qr.H.ii.MU.IfSept. 24,546 24,014Jan. 1 to Sept. 30... 186,501 181,153

Onlf &ClileaKo..1IbScpt. 2,895 3,611Jan. 1 to Sept. 30... 24,499 27,494

Hoos.Tun. AWilm.HSept. 3,437 2,152Jan. 1 to Sept. 30... 28,416 17,679

lBd.Deo.& West. .IT Sept. 53.02^ 41,001Jan. 1 to -ept. 30... 373,592 351.711July 1 to Sept. 30... 157,393 145,728

Iowa Central bSept. 189,768 181,452Jan. 1 to Sept. 30... 1,375.943 1,241.069July 1 to Sept. 30... 499,537 466,392

Ir»n Railway.... bH Sept. 3,531 2,705Jan. 1 to Sdpt. 30... 25,982 25.642July 1 to Sept. 30... 9,340 7,321

Kanawha A Mich. ...Aug. 30,330 27,494Julv 1 to Aug. 31... 61.395 62,855

Kan. C. Ft.S. AM.. aSept. 436,608 430,901Jan. 1 to .Sept. 30... 3,633,776 3,394,360July 1 to Sept. 30... 1,223,776 1,163,353

Kan.C. Mem.&B.aScpt. 99.770 100.162Jan. 1 to Sept. 30... 792,092 832,100July 1 to Sept. 30... 267,251 272,528

Keokuk A Wesfu.rbSept. 41,336 44,575Jan. 1 to Sept. 30.. 294,322 298,503

L.ErieAll.ASouth1IaSept. 7.128 6,456Jan. 1 t« Sept. ao... 59,579 53,952

Ii.ErleAWe9fn.b.H8ept. 318,219 295,898Jau. 1 to Sept 30 .. 2,603,878 2,372,489

-Ket Xamlnat.-1892.•

81.690698,3852^6,37225,2H9

236..59761,02311,000

116,00045.0002.000

37.0)07.000

4.00038.0009.00J

123,3791,143.932313,395

8,61935,719

29.900206.55980,891

31,199236,104103,264401.367

2,732,8301,051,333

64,310351.990112,794

4,57641,3768.738

156,752959.274

1891.S

131,159097.966391,76331,420

365.117104,49 I

26,000192,30.^58,0 10

14,0006 1,09320,0001I),':00

H3,41322,00 )

221, .5791,»;93,199597,259

6,75720,1532i>.278189.40877,413

25,13513S,52077,448

43 2,3323,074.6031,217,521

44,519231.378151,382

7,44653,578'11,810

171,013943.163

210.67091,145

350,9912.311.0291,102,377

12,99685,35839.318

23a,770

741,627487,980

'69;7io30,46921.131

178.51769,079

215,59363,111

312,1512,172, /48975,537

9,505123,09939.244

269,919

406,241379,876

96,56357,137

276;515

2d2i22397,72984.321

621,112

38i,"38964,311

163,65686,87592,095

611,338

25,5;9'i647,636

20,62457',614

37,044

49,11218 ">,403

93,502

29,073385,57391,414

21,063135,59048,474

22,121188,57272,725

107,463695,470

£116,131815,511

97,257637,333£

113,272738,225

11,378127,031

12,430128,991

7,52742,199

def.403def.2,2J8

3,12547,033S538

det.307

1,14210,772

5745,554

20,914103,57062,046

3,21263,01231,182

71,798343,364146,016

65,463323,936134,787

227569198

7527.C141,171

8,69817,724

8,63212.153

113.992813,351*301,647

151.470937,515347,646

7,03353,302

172

18,30177,3 )4

26.358

17,20595,441

22,311120,776

1,98612,933

1.56810,466

172,2261,155,807

133,2511,018,211

. Oroli Earning:—> IftI Karntng:— -«1892.

4'«,035337.996131,310

IBVI

37,013312,6051U.621

080,266l.«23.l0fl

291,H262,114.351841,40047,972

377,213140,506

3,653,4291,480,033

66579,821631.379

5,721,297

411.9223.271,115

147,7101,234,520437,339176,301

1,436,273529,000278,753

Knadt.I/eh.A IIiid.Klrnr II bSept.

Jau. I t<i Sept. 30...July I to Sept Mt...

LouDt. Kv. a Ht. L.ITOotJuly 1 to Oct. 81... 611,301

Louliiv. *N««hv.b..Hopt. I.')07,125Jan. 1 to Hcpt. 30.. 15.83 I. -ilO 11.672,MlJuly 1 to Hcpt. 30... 5,6.^9.271 5.435.1».M

lx)ul«v. ». A.AC.aSept. 323.277Jau. 1 to Sept. 30... 2.453.133July 1 to Sept. 30... 951,092

Loulav. StL ATnx.llSept. 52.643Jau. 1 to Sept. 30... 474.479July I to Sept. 30... 161,429

Maine Central ir.Sept.Jan. 1 to Sept. 30...July 1 to Sept. 30. .

.

.ManUtlque llSept.Jan. 1 to Sept. 30...

Mexican Central....Sept.Jan. 1 to Sept. 30...

VIexlean National.. .Sept.Jau. 1 to Sept. 30...

«llw. A North a. . .1[8opt.Jan. 1 to 8opt. 30...July 1 to Sept. 30...

Miun. A at.Loui.s.i;a3opt.Jan. 1 to Sept. 30...July 1 to 8opc. 30...

Mlun.StP.AS.S.M.nSept.Jan. 1 to Sept. 30... 2,217,976

Mo.Pao.AIron M.UbSept. 2.781,751Jan. 1 to Sept. 30.

Nash. Ch.A.8t.L. H b. .Oct.Jan. 1 to Oot. 31. .

July I to Oct. 31... 1,799,963 1,996,746

SewOrl.&South.aHScpt. 11,258 13,533Jan. 1 to Sept. 30... 95,073 122,971July 1 to Sfpt. 30... 27,415 37,333

N.Y.L.E.&Wei!t«rn.cAug. 2,677,501 2,916,268Jan. 1 to Aug. 31...20,255.363 19,551,584Oot. 1 to Aug. 31. ..28,155,0115 27,155.332

N.Y. A Northern. bTl Sept. 53,032 49,600Jan. 1 to Sept. 30... 419,333 332,983July 1 to Sept. 30... 173,990 143,597

N.Y.A Rook. Beach 1( Sept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

N.Y. Out. A We«.a1?8ept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

N. Y. Su9. A West. . bSept.Jau. 1 to Sept. 30...

Norfolk A South'u . bSept.Jan. 1 to Sept. 30...

Norfolk A West'n.a.Bept.Jan. 1 to Sept. 30... 7,238,737

Northern Central. bSept. 650.070Jan. 1 to Sept. 30... 5,219,435

Northern PaclHo.UbSept. 2,669,239Jan. 1 to Sept. 30.. .17,503.527 17,437,592July 1 to Sept. 30... 7,093,602 6,733,662

Wis. Cent.Unes.lTbSept.Jan. 1 to Sept. 30July 1 to Sept. 30

13M3.

32,75116<.U2061,661

38i',MiB?«.S2»

5.14'>.03A2.01:1.953

96,139812,988333.92723.133174.24309,600

1801.

le.iw136.71363.748

683,7846.4O0.79S2.032,238101.746184J07387,08310,060

160,06762,896

3,279,6101,316.602

2,607102,335

623,4785,253,002

360,1503.110,53 2

171.8931,2)3.951478.610200,759

1,213,792503,708275,992

1,639.671

2,484,118.19,881,050 18,201,0)6

473,239 401,9304,232,116 3,864.051

1,322.237564^170

del. 1,68340,659

211,0992,002,625•162.2611.132.618

47,608380.149138.37969,201

533.019198.22302.593

740.493975.524

5,061,790139,292

1,810,520711,893def.2U

def.5.158def 3.140

841,0816,459,9559,172,373

14,23672,95443,133

1,086,218546,470def. 13441,011

203,5711,803,368* 103,351•856,37176,063

166,873103.10789.017

113,760213,006126.171634,030023,319

4,656.960.

191,0311,538.346700.875

1,1301.814

def. 1,860

1,122,3456,351,2150,419,070

13,33617,32940,761

231,812170,991303,201

2,608,9891,015,122

163,9321,277,059

32,292321,068913,191

582,0224,231,0021,633,612

221,805164.984

232.8052,280,706877,76.)

153,1241,218,550

820,7766,638,414

625.9194,9r9.324

2.718,339

80,188108,57876.037

672,357328,09376,441663,90111,330

116,539316.527

2.139,492

222,4901,437,472

.1,256,3727,154,5513,024,605

Tot. both Co.'s.lbSept. 3,231,261

492,3393,794,9121,468,294

3.211,278Jan. 1 to Sept. 30. ..21,734,529 21.232,533July 1 to Sept. 30... 8,732,213 8,201.956

Ohlo&Ml8«l99ippiTIaSept. 410,323Jau. 1 to Sept. 30... 3,102,312July 1 to Sept. 30... 1,162,218

Ohio River, b Aug. 90,500Jan. 1 to Aug. 31... 469,006

Orecou Imp. Co..a..Sept. 317,012Ji»u. 1 to Sept. 30... 2,93.5,623Dec. 1 to Sept. 30... 3,233,461

Peon, (east P. A E.).Sept. 6,098,021

403,0033,112,111l,132,6i4

65,089431,231

426.6323,101,6433,447,027

6,159.5)7Jan. 1 to Sept. 30.. .50,593,755 49,527.125

Lines westofP.AE.Sept. Inc. 108.682Jan. 1 to Sept. 30... Inc. 2.570,613

Peo. Dec* Evans.. nOot. 80,990 66.390July 1 to Oct. 31... 316,078 291,093-

Petersburg aUSept. 37,564 38,031Jan. 1 to Sept. 30... 413.941 393,3i8July 1 to Sept. 30... 128,174 118,391

Philadelphia A Brio. Sept. 533.877 503.798Jan. 1 to Sept. 30... 3,800,025 3.303,053

Phila. * Beading...Sept. 2,164.923 2,121.961Jan. 1 to Sept. 30. ..16,853,349 15,970,414Deo. 1 to Sept. 30... 18.734,373 17,658,526

Coal 4 Iron Co Sept. 1,902,619 2,348,269Jan. 1 to Sept. 30.15.893,432 14,612,232Deo. 1 toSspt. 30.17.677,8.^>1 16,218,6.>8

Total both Co'8.... Sept. 4,067.572 4.473.230Jau. 1 to Sept 30.32.746.782 30.532,693Deo. 1 to Sept. 30.36,412.727 33.875,131

Lehigh Valley Au«. 1,548,770 1,523,442Dec. 1 to Aug. 31.13,325,703 12,177.242

Pitts. C. C. A St. L. root. Inc. 93,339Jan. 1 to Oot. 31... Inc. 1,127.989

Pltt9.Mar.4Chl..11b.Sept. 3,130 4,010Jau. I to Sept. 30... 28,738 33,0 J6

Pitts. Youngs.A A.. VOct. 122.421 117.661Jan. 1 to Oot. 31... 1,231,329 1,OJO,102

Pro9.Plt.&Coney I.HSeptJan. 1 to Sept. 30... 157,599 147.400JulT 1 to Sept. 30... 99,831 90.836

(iuln.Om.4K. C.blJScpt. 26.401 27.932Jan. 1 to Sept. 30... 201.031 191.318

Rlcli. Fred. A Pot..1I8eptJan. 1 to Sept. 30... 672.745 563,609July 1 to Sept. 30... 173,010 166,109

252.3421,803.251732,713

1,509,2158,762,3013,757,318

153,353732,977391,59746,631

183,77073,340

537,529627,312

2,052,99511,623,591 15

Deo. 55Dee. 202,

62,01192,18778,981

552.733287,43171,203

536,661

318,983,2*2.691

191.375,515.760

.178.589

.7 1.3.840,812,939198,306

,3 17,793575,179,374,801,098,6:11,383,183143.913924,879338,30623,129

153,057106,180583,633616,610,216,376,431,063

,095,256

158,08016,988174,09956,693

210.9591,091,611

1,091,4337,619.5198,527.231

212,018471,806514,130

1,301,1318,0)1,3 >5

9,071,364443.824

3,260.211

Ino.Inc.

1.1352,195

40,149181.023

16,361J 58,77956,010

167,8301.100,000

1.075,8887,303,5318.003.331

113,37618.63323.309

1.210,1637,327,1168,036,633407,476

2.400,733

20,99367.460

1,0911,456

68,61ft129.183

40,91517.960

7,19362.364

216,66001,639

41,04630,039

10.65068.749

2I8V43T63,078


-Gross Bammgs.-

Roads,Rich. &Petersb'ga1!Sept.

Jan. 1 to Set>t. 30...JulT 1 to Sept. 30...

Eio Grande SoutbTf bSept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

EIo GrandeWe8t.b..Snpt.Jan. 1 to Sept. 30...July 1 to Sept. 30...

8ag.Tu9.&HuronTIa.8ept.Jan. 1 to Sept. 30...

Bt.L.A.& T. H.bclis. bAug.Jan. 1 to Aug. 31...

St. Paul & Dul...bir.8ept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

Sander3.& TennilleUSept.Jan. 1 to Sept. 30...

San Fran. & N.Pac.a.Oot.Jan. 1 to Oct. 31...July 1 to Oct. 31...

Bav. Amer. & Mont.. Sept.Jan. 1 to Sept. 30...July 1 to Sept. 30...

Silyerton IT Sept.Jan. 1 to Sept. 30...

Bloux City& Nor.UbSept.

Boatb Carolina. ..bll Sept.Jan. 1 to Sept 30...Nov. 1 to Sept. 30...

Southern Pacific Co.—Qal.H.&S.Ant.TfbSept.

1892.$

28,592267,11388,34067,441

434,340197,308234,669

1,957,533759,64612,52989,677135,245947,902229,118

1,178,280625,374

8194,730

93,208742,080361,741

53,709373,350142,13813,11265,73741,200115,383959,568

1,23 1,79 J

481,358Jan. 1 to Sept. 30.. 3,226,;92

1891.$

25,294250,21681,36728,005

132,88680,293

230,3381,386,938740,481

11,55477,406

121,162839,102

182,7771,240,306492,231

7336,571

96,931739,169373,91952.820

357,070125,13116,21482,6:^0

33,073150,876

1,197,6951,139,371

451,3123,174,23.5

102,198716,916473,f48

3,780,624

30,771154,846154,639

1,179,824

1,233,3129,033,310

3,653,813

-Xel Earnings.-

lonlslanaWest.TFbSept. 91,687Jan. 1 to Sept. 30.. 760,821

M'gan'sLa. &T.irbSept. 499,608Jan. 1 to Sept. 30.. 3,641,475

K.Y.Ter. &M..iyb.9ept. 30,971Jan. 1 to Sept. 30.. 168,188

Texa3& N. 0.1Ib..8ept. 143,031Jan. 1 to Sept. 30. 1,220,703

Tot. Allan. sys.llUbSept. 1,273,937Jan. 1 to Sept. 30... 9,091,913

Tot.Pao.systembHSept. 3,12 3,631Jan. 1 to Sept 30.. 26,445,65 J 27,2 :5;603

Total of all.bU..Sept. 4,701,651 4,392,2)7Jan. 1 to Sept. 30.35,537,595 36,308,913

Southern Paciflo RR.—Coast Division.UbSept. 221.775 236,703

Jan. 1 to Sept. 30. 1,S94,034 1,740,939Bouth'nDivls'nUbSept. 778,552 636,335

Jan. 1 to Sept. 30. 5,864,834 4,927,939Arizona DiyisnlfbSept. 171.689 17.3.719

Jan. 1 to Sept. 30. 1,430,570 1,437,712

KewMexicoDiv.TIbSopt 86.610 89,825Jan. 1 to Sept. 30. 712,637 771,452

Btatenl.RapldTr.bHSept. 93.962 105,239Jan. 1 to Sept. 30... 840,919 831.313July 1 to Sept. 30... 332,191 383,211

Btony CI. &C. M.bHSopt. 7,231 7,234Jan. 1 to Sept. 30... 5!,9I6 48,887July 1 to Sept. 30... 37,723 35.813

Btunmlt Branch Sept. 114,057 109,244Jan. 1 to Sept 30... 962,376 946,769

liykens Valley. ...Sept 111,622 70,004Jan. 1 to Sept. 30... 793,434 689,745

Total both Go's ..11Oct 220.277 211,777Jan. 1 to Oct 31.. 1,981,587 1,348,289

Tenn.Coal,I. &RR..SeptFeb. 1 to Sept 30

Tenn. Midland bAug. 17,056 20.513Jan. 1 to Ang. 31... 119,637 127,506July 1 to Aug. 31... 33,121 36,712

Tex. Sab.V. & N. W.irSept 4Jan. 1 to Sept 30... 33,

Toledo Col.A Ciu.b USept 32,Jan. 1 to Sept. 30... 2.56,July 1 to Sept 30... 104,

Toledo & O. Cent. b.Sept 168.Jan. 1 to 8ept3i)... 1,183,July 1 tD Sept 30... 462,

ToLPeoria&West bUSept 100,Jan. 1 to Sept 30... 723,July 1-to Sept 30... 238,

Tol. St. L. & K. CTIaSept. 219,July 1 to Sept. 3j... 666,

Ulster & Dclaw'e bUSept 42Jan. 1 to Sept 30... 326July 1 to Sept 30... 155

Union Paciflo—Greg. S.L. & U. N.HSept 667,

Jan. 1 to Sept 30. 5,291

Ore. Ry. &N. Co.USept 520Jan. 1 to Sept 30. 3,238

Un.Pao.p.&Qulf.TISept 514Jan. 1 to Sept 30. 4,264

Bt Jos. & Gd. iBl.lfSept 135Jan. 1 to Sept. 30. 894

Allother lines. ..USept 2,556Jan. 1 to Sept 30.17,287

Total Un.Pao.8T8. II Sept 4,394,Jan. 1 to Sept 30.30,976,

Cen. Br.&Lea8.L,.Tr8ept 143Jan. 1 to Sept 30. 97d

Total controlled. USept. 4,533Jan. 1 to Sept 30.31,951

Montana Union..USept 86Jan. 1 to Sept 3 J. 813

Leav.Top. &S.W.USept 2Jan. 1 to Sept. 30. 25

Man. Alma&Bur.USept. 4Jan. 1 to Sept. 30. 29

1892.

9,94081,25430,71934,120

247,87499,930

105,002631,6142J5,917

5,16926,571

60,813371,875106,312531,210280,531

587733

45,357235,967167,65618,361

133,91955,68210,00226,23320,40054,135

233,273326,961

137,201644,70852,466

349,888121,174514,63317,76641,00161,631

510,664419,806

2,035,379

1,536,02210,430,0381,935,328

12,483,418

113,038761,219386,533

2,473,178

53,0453J7,01343,016343,36339,101293,326176,176

4,57026,351•27,966

12,86168,16221,11547,19623,881

139,259t52,800

1619,900

4,39318,2217,437

1891.S5,706

50,14123,85518,221

105,68146,715

113,571697,004311,661

2,83213,58252,491

346,971

83,504422,173174,136

326def.433

47,183286,349181,63522,483

138.87849,26310,41444,12315,21480,446

372,195497,211

192,636731,82759,087

260,954113,436767,72119,33923,67680,371

492,603481,594

2.280,927

1,684,75711,382,141

2,149,35013,663,067

157,878893,761289.991

1,858,795

65,816446,09744,298

352,5c046,538312,428193,021

4,96123,92127,144def.42844,0U7

aef.12,729def.32,372

15,00926,64569,600

419,200

7,00929,37910,109

,153,652

4,75132,188

1,51310,460

,361,3:i2592

30,007251,.54687,776

8,57988,91134,249

,156.351,610

138,1581,076,446414,941

61,10940J,709163,714

,904,636,562

98,057702,075265,546

35,16218:^,51573,147

,533,173

187,749582,489

65,000205,975

,269,789,536

37,953293,640140,176

12,527105,09165,581

.339,968

637,7375,621,903

287,9602,105,734

,989,373

617.5214,026,236

229,809822,642

,141,175

574,4484,131,306

133,077989,890

,436,210

94,046616,351

66,792324,127

,728 2,268,787',596 15,913,611

1,234,7966.963,693

,683 4,192,539 1,972,434,322 30,309,410 11,206,136,759,053

1011,585563,307

58,603357,683

,443 4,293,124 2,031,037,375 30,873,'J17 11,563,318,814,958

44,648531,343

21,913197,478

,433,593

2,950 def.4,93722,458 def. 20,974

,254,562

4,254 def.2,14530,561 def. 14,522

1,6067,180

8,57296,14432,523

50,871372,671155,57734,636

183.76179,81353.407

184,05714,805

107,11660,674

271,8102,139,061

321,9071,283,328

218,130979,93622,580

109,9931,104,3445,631,068

1.933,79010,216,034

39,15094,203

1,977.94010,310,236

15,28596,692

def. 3.480def. 30,383

def. 715dcf.9,523

.. 1

Tioads.Union Pacific—fOoui.;—Total I'tly owned.USept

Jan. 1 to Sept 30.

Grand total.. .USept 4,

Jan. 1 to Sept 30.32,

Vermont Valley...USeptJan. 1 to Sept 30...July 1 to Sept 30...

Wabash.b Sept. 1,

Jan. 1 to Sept 30. -.10,July 1 to Sept. 30... 3,

West Jersey& BrsaUSept.Jan. 1 to Sept. 30

W.Va. Cent. & Pitts. . .OctJan. 1 to Oct 31. .

July 1 to Oct 31...

Western Maryland.TfSept

ffestN.Y.A PennbUSept.Jan. 1 to Sept 30...July 1 to Sept 30...

Wheel. & L. E b.Aug.Julyl to Aug. 31...

Whltebreast Fuel Co. Aug.Jan. 1 to Aug. 31...July 1 to Aug. 31...

Wrights. & Tenn'le USept.Jan. 1 to Sept 30 ..

July 1 to Sept. 30...

Oross Earnings. , ,

1892. 1891.—Ifet Earnings. «

1892. 1891.

93,550 51,851 14,860 11,090869,112 584,362 161,982 56,782585.213 4.319,030 2,038,467 1.933,485,338,931 31,163,398 11,644,809 10,338,627

152,'i5b63,521

I'ioiisi57,591

'56,45627,366

49,07729,230

406,142 1.336,142408,589 10,065,376936,871 4,021,463

40.5,6082,432,3191,087,337

363,811 L2,569,9671,124,848

163,053,354,328

190,0831,310,353

46,303380,923

72,26» .

374,18191,714907,092360,355

99,755921,959375,039

30,968302,818114,776

32,501292,039120,818

136,552 127,322 66,919 67,385331,203574,974962,425

342.8732,702,8121,027,099

110,758863,573336,047

116,260783,204329,010

132,034239,403

119,679226,399

37,59175,363

42,50172,231

5,23659,8799,893

6,69050,2455,853

6,55250,23917,673

6,26864,53918,253

3,79221,1149,692

2,17925.6936,209

a Net earnings here given are after deducting taxes.b Net earnings here given are before deducting taxes.c Net earnings are here given after deducting taxes on property.11 A paragraph mark adaed after the name of a road indicates that

the figures for that road have not previously been given, but appealsfor the first time in this issue.

" After deducting other expenditures for repairs, replacements andgeneral expenses, net income applicable to interest on bonds In Sep-tember was $103,974, against $63,359 in 1891, and for nine months$817,756, against $450,448.

t Bessemer Division (De Bardeleben Coal & Iron Co.) iuoluded onlyin 1892.

Interest Charges and Snrplns.—The following roads, inaddition to their gross and net earnings given above, also

report charges for interest, &c., with the surplus or deficit

above or below those charges.

Întcr'l, rentals, <ic.~. ^Bal. of Kct Earns.^

Koads.Cam. & Atl. <tBr8..8ept

Jan. 1 to Sept 30...

Flint & Pere Marq..8ept.Jan. 1 to Sept 30...

Lake Erie & West'n.Sept.Jan. 1 to Sept. 30...

Nash. C. <fe St Louis .OctJuly 1 to Oct 31...

Peoria & Eiistern...Sept.July 1 to Sept 30...

Rio Grande South'n.SeptJuly 1 to Sept 30...

San Fran. & No. Pac.OctJuly 1 to Oct 31...

West Jersey & Brs.SeptJan. 1 to Sept 30

1892. 1891.

10,83182,76053.912

452,95753,279

473,446122,555489,68136,802110,40520,98762,96017,07568,33815,689

170,765. Sepiem her.—

1892. 1891

9,63577,83448,038

427,37243,236

338,082117,294543,84037,872

113,667

17,19263,79933,569189,068

1892.$9,389

83,364

30,109171,153

118,947632,36166,737

222,21227,5082,339

13,13336,97023,23399,31930,614

210,158

1891.$15,17685,64644,057

183,516

90,015630,129

74,627247,035

6,64737,714

29,996112,83638,700

185,113

-July 1 to Se])t. 30.—

.

1892. 1891.

3,231,2611,722,016

8,732,2134,974,895

8,201,9564,813,838

Nor. Pac. & Wis. Cent-Gross earningsOperating expenses.

Net earnings 1,609,215 1,374,894 3,757,318 3.388,188Miscellaneous income.. 153,710 134,093 430,053 359,863

3,211.2781,836,384

Total net income 1 ,662,925Fixed charges 1,220,879

1,508,9871,069,875

4,237,3713.617,569

3,747,9863,153,176

Surplus 442,046 439,112 619,302 591,810

ANNUAL REPORTS.EvansTille & Terre Hante Railroad.

CFor the year ending June 30, 1893.^

The annual report of Mr. D. J. Mackey, President, remarksthat the yearly operations of the road for twelve years showthat the gross business has about doubled, while expenseshave increased but one hundred thousand dollars. This re-

sult is largely due to the constant increase in auxiliary earn-

ings, car service, switching, terminal rental", mail, express

and miscellaneous, these earnings reaching, at this time,

nearly two hundred thousand dollars. He says : "The great

future of your property is in the circumstance that you haveunderlying your tracks, as they now exist, the greatest de-

posit oif coal of a fine grade in the Western country, and the

nearest to the great consuming and distributing market of

this country, Chicago and the Northwest. We are nowmoving three hundred cars a day on your lines in aU direc-

tions, and the time is near at hand when you will move onethousand cars daily, the next five or six years. It may sur-

prise you when I say that ten years ago we did not haul a car

of coal as freight." - ~,^SDuring the fiscal year just ended a first general mortgage

bond of .$7,000,000, five per cent, was issued, bearing date of

April 1st, 1892. Of this amount $3,8.55,000 are for the pur-

pose of taking up at their maturity all the exising bonds, the

balance to be used in retiring the floating debt and used for

corporate purposes of the company, as the necessities of the

future, due to the constantly-iacreasing business, may re-

quire. The floating debt has been reduced $830,000, whichretires all of it excepting car trust notes, and as these obliga-

tions reach out over quite a per;'o 1 of time, it is believed that

November 19, 1892.J THE CHRONICLF. 856

tlu'y cim 1)0 rotirod tiy the oarniiins of the caxth alonn ; oh for I

this year this enrniiix r(?iiclif8 the lar(;e sum of $87, DIM), andno fiirtlior sale of honds will he necessary tu extioguiMh all

(lie ol>lii?ntions of the company now existinfi;.

Earnings and expenses and the incomu account wore ashelow

:

HARKINOS AND aXPEitgag.

iSBO-no.Total iiitles oiicrated 160KnrttiHga— 9

Psimt'iiKer 237,865FrolKlit 605.0UMall, oxiircHO, &a l'J6,74S

Gro88 eaniinK' 070,551Operutlnt; exjicDMea and taxes 407,094

NeteirulDgs 473,457INCOME ACCOUMT.

188900.Reeeipts— $

Netenrulup.'' 173,1^7OtUor liicoiuo 51,B55

Total 525,812Disbiirttrnifttls—

TutiToBt on debt 201,300nivliloiuia 150,000Misci-llaneoiig

I800-01. 1801-02.101 165$ 9

252,225 287,630706,839 760,015143,565 10j,150

1,102,620 1,225,413607,044 617,636

404,685 607.777

1890-91,

494,68544,050

1801-92.$

007.777100,233

538,741 708,010

221.175165.000

229,925180,000

1,421

411.346206,661

Total disbursements 354,300 383,175Surplus 171,012 152,586

Bnffalo Rochester ft Pittsburg: RallTray.

fFor the year ending June 30, 1893.^

The report of President Yates will be found on anotherpage, giviiift full particulars of the year's operations.The statement of earning:!, expenses, &c.. has been com-

riled for three years for the Chronicle as follows:

BASNIXGS AND EXPENSES.1889-90. 1800-01. 1891-92.

Eaiitl»t)S— $ St xPassenger 343,090Freight 1,607,479Miscellaneous 2,498

362,197 391.1992,146,397 2,549,897

2,891 6,010

Total 1,958,967 2,511,485 2,947,106Erpttitts—

Trausiiortiition 460.914 642,216 760,160Motive power 330,082 553.777 658,639Mainteuance or cars 179,434 249,303 274,191Haintenauou or way 269,927 286.646 322.551General 57,380 58,381 67,081Tuxes 46.339 45,302 62,905Extraordinary and luiprovcments 56.292 46,886 .'>4,853

Total 1,406,668Net earnings 547,299

INCOME ACCOUNT.1889-90.

Reeeipta— $Net eariiing<i 547,299ether Income 25,647

1.882.511 2,190,380628,974 756,726

lb90-91. 1391-92.

628,97430,674

756.72652,555

Total 572,956 659,648 809,281l>itbur8€i»cnts—

Interest on bonds and car tnist 453,930 477.457 499.8S2Interest on bonds or proprietary rds. 14,402 18,900 18,900Bentalii 73,019 72,985 73,193Miscellaneous interest 701 13,841 23.709

Total

Sorplns542,032 535,18330,904 74,465

BAI.ANCE SHEET JDUE 30.

615,686193,503

Assets.

Cost or road and equipmentCost or proprietary roadsInvestmentsCashBills receivableMaterials on handDue from aeents, conductors, AcMicellancous

1891.

19,18.5,228585,220

1,003,67041,022455,058294,945217,240

240

1892.IS

,538.900685,738,003,67032.394

455,019286.636261,658

259

Total 21,782,629LiabUUits.

Stock, common 6,000,000Stock, preferred 6,000,000Bonds (see Suitlement) 7,645,000Car trusts 440,000Real estate mortgages 295,500Bonds of proprietary roads 370.000Intr-rest account not due 93,346Pay-ioll3 and vouchers 169,469Bills payable 545,000Miscellaneous 124.797Prolltand loss 94,517

22,164,274

6.000,0006,000,0008,195,000543.000292.500370.00'

I

106.855217,092201,71799,998

138.112

Total 21,782,629 22,161,274

Chesapeake Ohio & Southwestern Railroad.


The President of this company, Mr. Charles Babbidge, saysin his report that the fiscal year has been changed to end withJune 30.

The breaking of the levees aloni? the Mis5i33ippi River inthe spring of this year interrupted for some lime the regularservice over the connections of the road, and caused tha diver-sion of a considerable amount of frei;?ht trafH :. From thiscause, and the lo* price of cjtton, which affected the earningsat the l)cal stations along the cotton-pâducin^; section ot theroad in Tennessej, resulted tha decrease in the freight earn-ings. An estimate of the extent to which these ciuses hiveaffected the earnini?s may be formed from the fact fiat thefreight eirnings fir the year endin< December 31, 1891. were81,667,731, or $141,747 greater than for the year 1890. The

gain in passenger parningi h-u \y<-u .i', ml ciml in lo!«l andthrough travel, and roiults In i \- m nn fr , n inpr )v id fuclH-tieH an4 oonneotioas. T.u «M-.iin<i frjiii oil und localfreight were $9S1,88), an Increwe of $1,028. or -06 por cent,and from throurli freight $913,095. a docroiw of $lt,7tS, or8-10 per cent. The totti froigtit eirain'tfi show a d>)craai« of$35,732, or 2-15 par cent a^tiast th« pro-ieJing year.The operating exp3n«ei have abiorbid 6( per cent of tho

groHs earnings, and they are $37,187 (6*18 par cant leu thanin tho preceding year.To carry forward the exp'n lituroi for c instruction and Im-

provement account from DdC3mber Slst 18'J) to tho clone oftho current flicil year, tha table eoahraoe* th) expendituresfor said eighteen mmthi. incluling $J15.239 for cjnitrustionand improvement and $)t0,6t7 far e)uipm<)nt, a total of$635,887, which his baen chirked to the capital account of thocomoanv."In Mirch, 1891, anagreem-nt was entered into with the

Western Contract Cjmpany by which the luter companyagreed to transfer to this company sixty per cent of the out-standinz capital stock of the Oiio Valley Riilwty Cjmpanyin consideration of this comoany's guirantee of the pavmentof the principil and interest on $3,16J,030 of the OIjio ValleyRiilway Company's first mirtgage five per cant gold bondsdue in 193i5. This company's proportion of said cipitil stockamounted to ijl.297,.')0 ). whicli was s'ibjequantly transferred tous.andon August 1, 1891, the property passed into the control ofa board of directors designated by thisompiny. The roid ex-tends from Princeton, a point on this company's line, toEvansville, Ind., a distance of 93*83 miles, with branches of9-50 miles, a total ot 10813 miles. There are located alongthe roid important coal, coke and iron interests, and fromthem and the city of Evansville, which is an important man-ufacturing and distributing centre, sending its products intoall sections of the Houth, a considerable increase of businessis expected over the main line of this company."The statistics have been compiled for the Chbonicle as

follows :

EASNINOS ASD EXPBHSBt.1890-91. 1891-92.

Earnings— ( $Passengers 510,374 529,015Freight 1,659,168 1,623,446Mall, express, Ac '. 141,738 145,364

Total 2,311,280 2,297,825Operating Expenses—

Transportation 529,938 495.989Motive power 411,833 396,647Maintenance of oars 224,677 191.091Maintenance of way 359,057 3-12,882General 47,342 45,057

Total 1,671,852 1.474.666Neteamings 739,428 823,159

INCOME account FOB 1891-92.Receipts—

Net earnings $823,159Other income 45,525

Total ¥368,631Disbursements—

Taxes and miscellaneous $73,189Kentals 91,2^0Interest on bonds 638.460Interest on equipment 37,439Interest on loans 46,935

Total.

Deftclt....

$887,303$18,619

JUNE 30, 1892.

LiabUities.Bonds (see Sctpplem.).$10,541,000Common stock 6.0.30.000Preferred stock 3.698.0oOLoans & IjiUs payable. 4.702Equip, trust bonds 648,000Kqulp. trust notts 265,-528Unpaid coupons 591,910N. N. AM.V.Co 1.399,701Due other parties 72,066Unadlust'dopen accts. 3,310Interest accrued 266,025Income account 1,018,306

Total assets $24,537,147 Total liabilities $24,537,147

New Jersey & New York Railroad.


Reports to the New York State RR. Commissioners for sev-eral years have shown the following :

EARNISUS, expenses AND CHARCES.1889-90. lS9n-91.

BALANCE SUEET.4 ssets.

Road and franchises. .$16,809,641Construction and imp. 3.298.540EquipmentKcal estateCashP. & E. RR sink, fundBonds & stocks ownedUnadjusted open sectsOhioValley By. Co....

2,079,645260,201

1.089123,036

1,668,00042.871

234,103

$276.609244.624

Oross earnings 263,150Operating expenses and taxes.. 208,376

Net earnings 44,774Dcitttet—

Interest on bonds 29.000Rentals 11,400

Total 40.400 40.400

Balaaoe «ur.4.374 de(.8.41S

ORNKEAL BALANCE SHEET JONB 30, 1802.

1391-92.$

304.410267.720

31.9JS - 86,740

29.00011,400

23,00011,400

40.400det.3.660

Assets.Cost of road $2,695,537Post of equipment 168.0128Iork ol this companyCash on handOpen accountsMat. and sup. on baud.Due by agents

571.40O3.627

11.3886.045

14.079

Total t3.471.019

LtabUiUct.Capital stock $2,^00.000Fundeddobt 600,000Interest on bonds 11.467Loans and bills payable 43,000Open aoooont*. auditedvouchers ft payrolls. 36.519

ProOt and loss ((urplns) 80.034

Totol »3,471,oii

856 THE CHUONICLE. LVol, lv.

GENERAL INVESTMENT NEWSAtlantic Avenne (Brooklya).—^tentaji'* News Letter to-

day says : "The purchase of the Atlantic Avenue R.R. ofBrooklyn by J. & W. Seligman & Co., E. W. Clark & Co.,

Philadelphia, and powerful syndicate, has been to-day con-firmed. The cash cost is believed to be about $6,000,000.

Provision is now being made for converting the entire systeminto electricity (trolley system)."

Called Bonds.—The following bonds have been called for

payment.Northern Pacific RR.—Three hundred and forty-on°. gen-

eral first mort. bonds have been called for payment at 110 andaccrued interest. The numbers and other details are given in

an advertisement in another column.

South Park (Chicago) Bonds.—The numbers of 53 bondsdrawn for payment will be found in our adyertising columns.

Chicago Great Western— Cliicago St. Paul & KansasCity.—The Chicago Great Western Railway Co. was organizedunder the laws of Illinois in January, 1892, for the purpose offacilitating a reorganization of the capital accounts of theChicago St. Paul & Kansas City Railway Co. It is authorizedto issue $15,000,000 4 per cent debenture stock, interest pay-able January and July in gold ; $15,000,000 5 per cent jsre-

ferred stock A, dividend contingent upon earnings, payablehalf-yearly in gold

; $10,000,000 4 per cent preferred stock B,dividend contingent upon earnings, and §30,000,000 commonstock.In August 18^ a committee which had been appointpd by

the holders of the first mortgage bonds issued by the ChicagoSt Paul & Kansas City and Minnesota & Northwestern rail-

vray companies met with representatives of the holders ofthe junior securities and agreed upon the following plan ofreadjusting the capital accounts :

That the Chicago Great Western Company should assumethe rolling stock lease warrants ($1,723,430) and the sterlingpriority 5 per cent loan ($3,823,150) of the Chicago St. Paul &Kansas City Company, and should offer

(a) To the holders of tne first mortg-isre bonds of the Mlunesota ANorthwestern and Chicago St. Paul & Kansas City railway compa-nies—In exchanKC for each $1,000 hond with coupon of Jan., 1803, and

all Rubsequeut coupons, $500 4 per cent debenture stock entitled toInterest from lat July, 1892, and *600 5 per cent preferred stock Aentitled to dividend from 1st July, 1892.

(b) To the holders of the ticneral mortgage bonds of the Chicago St.Paul & Kansas City Railway Company -In exchange for each *1,000 bond with coupon of Jan., 1893, and

all subsequent coupons, $1,000 4 per cent preferred stock B.(c) To the holders of the income bonds of the Chicago St. Paul & Kan-sas City Railway Company an option for 60 days after the scheme ofreorganization has been accepted by a majority of the first mortgagebondholders to pay an assessment of 10 per cent in cash on the nom-inal amount of their bonds and to make over the bonds in exchangefor twice the amount of cash paid iu 4 per cent prefen-ed stock Band twice the amount of the 'bonds made over in common stock ofthe Chicago Great Western Railway Company. Holders failing toexercise this option or to pay the assessment within the time speci-fied shallbeentitled to exchange their income bonds for 150 per centin common stock of the Chicago Great Western Railway Company.

(d) To the holders of the common stock of the Chicago St. Paul &Kansas City Railway Company an option for 60 days after thescheme of re organiz.ation has been accepted by a ma,jority of thefirst mortgage bondholders to pay an assessment of 10 per cent incash on the nominal amount of their common stock, and to makeover the common stock in exch^ji'-'e tor twice the amount of cashpaid in 4 pei cent preferred stock B, and an amount equal to thestock made over fn comhion stock of the Chicago Great WesternRailway Company. Holders falling to exercise this option or to paythe assessment within the time specified shall be entitled to ex-change their common stock for half the amount In the commou stockof the Chicago Great Western Railway Company.These propositions have been accepted by the holders of a

majority of each class of securities, and the reorganizationwill be completed as soon as the new securities can be pre-pared and issued.In writing of the foregoing plan Mr. A. B. Slickney says

"The plan of the Chicago Great Western Company presentssome unique features in the capital organization of an Amer-ican railway company. You will see that it proposes to issueno bonds. But in lieu of the ordinary first mortgage bonds itissues two classes of stock. The first, known as 'debenturestock,' has a fixed interest of 4 per cent^ the second, knownas 'preferred stock A,' carries with it a contract to devote netearnings after payment of interest on the debenture stock, upto 5 per cent per annum, in payments of dividends on thisstock. The agreement to pay dividends on the debenturestock and preferred stock A is secured by a deed of trust andagreement with a trustee, which provides that in case thecompany makes default in its contract in regard to such in-terest or dividend the trustee (acting under the direction of afinance committee which for the time being acts as a quasiboard of directors) may take possession of the property andoperate it and appropriate the earnings. The finance com-mittee IS elected by the holders of these two classes of stockonly. The trust deed contains no power of sale of the prop-erty, the only remedy in case of default being a change ofmanagement in the manner s-tated. The trust deed containsanother rather unique provision: That in case the companymakes good its default the management of the property shallagain revert to the board of directors."

Colorado Coal &Iron DeTelopment Co.—It is proposed toissue §650,000 five-year 6 per cent collateral trust bonds thecollateral being $900,000 in land notes. The schedule valueof the lands for which these notes were given in part pay-

ment on the basis of the price at which they were soldamounts to about $1,.350,000, and constitutes the security(aside from the company's obligation) for the notes, whichwill be deposited with a trust company as trustee for thecollateral truast bonds. The bonds are reported to have beentaken at par, less a commission, and the proceeds will pay offthe entire floating debt.

Distilling & Cattle Feeding Company.—Dow, Jones & Co.say of the recent reports about new acquisitions by this com-pany that five outside distilleries, heretofore oppositions, havebeen purchased, but there will be no issue of stock or bonds topay for these properties. The distilleries purchased are theDodson, of Cincinnai ; the Star and the Crescent, of Pekin,III. ; the Central, of St. Louis, and the Nebraska City. Thesecompanies may and may not be incorporated with the Distil-ling & Cattle Feeding Co., but all opposition of importance hasbeen acquired and harmony is assured. The next dividend,declared in December, will be 1}4 P- c.

East Tennessee Virginia & Georgia.—The annual meetingof the stockholders of the East Tennessee Virginia & GeorgiaRailway was held at Knoxville this week. The programmedecided upon by the controlling interests in this city was car-ried out, the Richmond Terminal Company getting the greaterpart of the board, while the Brice-Thomas interests retain animportant representation. The changes are made, it is said,in a harmonious spirit. The directors elected were George P.Stone, W. E. Stone, William P. Clyde, T. F. Ryan, R. S.Hayes, J. C. Maben, Walter G. Oakman, C. M McGhee, Gen-eral Sam Thomas, Thomas L. Manson, Jr., John G. Moore,Calvin S. Brice, E. J. Sanford, George J. Gould and R. G.Erwin.

Fonda Jolinson & GloversTille.-It is announced thatcontrol of this railroad has passed into the hands of New YorkCentral parties. The road runs from Fonda to Northville,passing through Gloversville. It is said to be the intention ofthe purchasers to extend it north to Lake Pleasant, and ulti-

mately to connect with the Adirondack and Delaware & Hud-son near Glens Falls.

General Electric Company.—A circular, issued under dateof Nov. 15, to the holders of the common stock of this com-pany, says: "In view of the increasing business of the com-pany and the consequent necessity for increased workingcapital, the directors of the General Electric Company havevoted to issue the balance, amounting to $6,000,000, of the§10,000,000 gold coupon debenture bonds heretofore author-ized by vote of the stockholders. The other $1,000,000 ofthese bonds are now outstanding and the $6,000,000 now to beissued are to be identical with them in all respects."These bonds are of the denomination of $1,000 each, prin-

cipal payable June 1, 1922, interest payable June 1 and De-cember 1 in each year, both payable in gold." * * *

"They provide that if the company shall at any time mort-gage its property, said bonds, if then outstanding, shall be se-

cured by such mortgage, ratably with any and all other in-

debtedness secured th« reby."Any of the $6,000,000 oE bonds hereby offered for subscrip-

tion may be converted at any time at the option of the re-

spective holders into shares of the common capital stock of theGeneral Electric Company at the rate of one share of stockfor each $120 in bonds, and such right to convert is endorsedon each bond. The company hereby offers to holders of its

common stock of record on the books of the company at theclose of business Nov. 38, 1992, the right to subscribe for thesaid $6,000,OOOJof gold deb. bonds at par and accrued interest."

Georgia Sontliern & Florida.—At a recent meeting of the

bondholders of the Georgia Southern & Florida Railroad Co.the following gentlemen were appointed a committee to

represent their interests: H. P. Smart, of Savannah, Ga. ; Thos.

B.Gresharo,of Baltimore; D.U. Herrmann,of New York; Wm.Checkley Shaw, of Baltimore; Charles Watkins, of Richmond,Va. ; Henry Rice, of New York, and Charles D. Fisher, of

Baltimore. Bondholders are called upon to deposit their se-

curities with the Mercantile Trust & Depo-it Co. of Baltimore,

who will issue negotiable receipts therefor. Notice is given

that copies of the bondholders agreement may be obtainedfrom tbe Trust Co. or the committee.

Houston East & West Texas.—The sale of this road underforeclosure on Aua;ust 2 was confirmed recently in the

district court of Harris County, Texas. The purchaser hasnow to make settlement with certain creditors, and will

organize the new company early in January, when the newsecurities will be Issued.

Inter-State Commerce—Long and Short Hauls.—TheInter-State Commerce Commission in Washington has just

announced its decision in the cases brought by the GeorgiaRailroad Commission against the Cincinnati New Orleans &Texas Pacific Railway Company, the Louisville & Nashville

Railway Company, and other railroad and steamship fines,

seven cases in all, involving rates for longer and shorter hauls

from Cincinnati and other Ohio River points, and from NewYork and other North Atlantic ports to points in southern ter-

ritory.

The long-and-short-haul clause of the Inter-State Commercelaw is construed by the Commission in the light of more than

five years' operation of the law and decisions heretofore rend-

ered by the Comnnission and the courts. The main points de-

cided, as reported in the N. V. Times' dispatch are as follows:

1. The fact of a receivership for a defendant carrier subsequent to

complaint should not Interfere with the progress of a proceedingbrought merely tor the purpose of railway regulation. 2. The phrase

November 19, 1802.] THE CHROMCLE 867

"common coutnil. niftntt|{i>iiii>nt, or arriuuri'iiient for conlliiuoiu cur-

rlMTO or »tiliiiiii>ul" 111 the tlrnt Boctlon of thc' act to r«<K>>l»t4* imiiuiutoc 1

w»« Inteoili'il to coverall liitprHtmc inirtlc. oiirrlxil throiiKli over «ll

rail or imrt wiit^r nml part rail IIiipm. Tin- rccolpt diu'opnnlviily by twoor mori- .arrlorsfortraiisiiorlallonof traWoshlppeil iiiidiTtliroiixh lilIU

for rontlmious carriaKi' ovi'r tlioir linen In anKent to a ciMuinon arranifo-

ment for "iioli roiillniioiiR carrtatfe or hlilpiuiMit. anil prevloiiM foroiiil

grrouueuient bolwecii tlieni In not ueee«»ary lo briiiit nni-li transporta-

tion miller the teriun of the law 3. The total rate for throiiKh earrliMje

over two or more linen, whether tnaile by the nililltinn of entnbllitbiMl

looali or of thronKh anil loenl rates, or upon a le»n proporllonato l>a«lii.

In the Ihronxh rate that Ih nubleot to ncrntlny by the roKttlatlnit author-

ity; hiiw the ratfl'UmtdolB only material aaliearlDK upon I he IcKalltyof

the aiTk'n u-ate charge, and how any reduotloa may be aocompllaheil la

matter for the oarilers to determine among thetnseWes.4. The Rccond, third and fourth aeotlona of the aet to regulate com-

merce are compared with proviBlons In Kngllnh itatutea. EogUihdeelslonit arc rxnniineil and the frcquout cItHtion of unch deulMonii to

In tlucnco cases brouttht omler Kreatly dlwilnillar Btatutory provUlonsIn thin eoiintry, without rcKard to illlferouooH In fact. time, extent of

counir; and metUodn of trade and tr»nn|)ortatlou. are eonnldured imil

orlllclned. ."i. The fourth neetlon of thc act to re(tnlnte commerco In

con«true<l and the principal laid down In re pctlllonn of Lonlnvllle &Nanhvlllu Railroad I'ompaiiy, 1 Intern. Cotu. rep. 273, I,

I. C C. rep. 31. In leatllrmcd. except the ruitUK thereinwhereby carriers were permit tod to Judê for thomnelves In thclli-t Instance of what louniltiiten "rare and jwcnllar cases of

n between railroads which are nubject to the atatnte,ii't appllciition of the Keiierai rule of the atatuto would bo

' of legitimate competition.'* which in over-ruled. 0. Thecnmi'iiiiion of carriers nubject to the act to rcKulalo commerce docsnot create clrcumstaiicen and conditions which the cnrrlcm can takeInto account in deterniininK for ihemselvcn in the llrat instancewhether they arc lustitled under the fourth section in charjiinK morefor shorter tlian for liniL'er illntancen over their lines. 7. The comwtl-tlon of mitrketn on ditferent linen for the sale of commoditien at a f^lvonpuint nerved by both linen docs not create cireumnlancen andceniiilionn which the carriers can take iulo account In dctcrm-IniiiK for themselves in the tlrst Instance whether thoy arciu.-'tilled under the fourth section in cliai'Kiui; moro for snorterthan for ImiKer distances over tlieir lines. To detcnidne the force andetfcet of such competition involves consideration of comiuoroial ques-tions peculiar to the business of shippers, such as advantage of busi-

ness locatiim. comparative economy of production, comparative(luality and market value of oommmlitles—all of which are entirelylii-'iiinuected from clrcumstaucea and conditions under which trans-port itlou in conducted. Carriers cannot create abnormal situationsby uiakiuK rates which eijualize iidvantuKOs and diniwivantaKes of loeal-

Ities. and tliereupnn claim Justltlcatlon for greater charges on shorterhauls on the ground that tlie lesser long-haul charges, which accom-plish such eiiuallzution, are necessary to secure increase In tralflo overtheir lines.

s. The carrier has the right to Judge in the first instance whether It

is iustitieii in making the greater charge for the shorter distance underthe fourth section in all cases where the circumntanccs and oonditionsarise whidly upon its own lino or through couipetitiou for the sametralllc with carrier.-* not subject to regulation umler the act to regulatecommerce. In other cases nnilor the fourth section the circumstancesand conditions are not presumptively dissimilar, and carriers must notcharge iesn for the longer distance except iipou the order of this (_'om-

mlssion.8. When a carrier on complaint under the fourth section aTer.«i sub-

stantial dissimilarity in circumstances and conditions as Justifying its

greater charge for shorter hauls. It is concluded by its pleading andmust atBrmatively show that the circuBistances and conditions ofwhich It is entitled to (ndge In the Hrst instance are in fact substan-tially dissimilar; but upon an application for relief under the fourthsection proviso the carrier in not limited by such a rale of evidenceand may present to the Commission every material reason for an orderIn its favor. There seems to be no limitation upon the power of theCommission to grant relief umler that proviso, when, after investiga-tion, the Commission is satisfied that the Interests of comtneroe andcommon fairness to the carriers require that an exception should bemade.

10. The complaints in cases Nos. 324 and No. 325 are dismissed. Inca-ses Nos. 314. 315. 316, 317 and 326 the defendants are onlcred to

cease and desist from charging more to shorter than to longer distance

Soints mentioned In the complninta. or flic applications for relief underle proviso clause of the fourth section, and show cause thereon,within

a time specified.

Marietta & North tJeorgla.—The committee of which Mr.H. A. V. Post is the chairman give notice in another columnthat the reorganization plan submitteJ by the committeeunder date of May 12, 1893, has become effective by the de-

posit with the Atlantic Trust Company of a majority of thelirst mortiiage consolidated bonds and of the capital stock.

Further deposits will be received under the agreement- until

Dec. 17.

New York Central & Hudson River Railroad.—The stata-

ment of earnings, operating expenses, etc., for the quarter

ending September 30 (the first quarter of the fiscal year) is as

follows :

1891. 1802.

Grosseamlngs 11,887,987 12,066.595Operating expenses 7,657.003 8.398,.'>20

Expenses to earnings. (64-41p.c.) (69-60p.o.)

Net earnings 4,230,984First cliarges 2,466.929

3,668,0752,508.219

Profit (l-97p.o.)1.764.055 (1-30)1,159.855Dividends (l-25p.c.)l,117,854 (1-25)1,117,854

Surplus 616.201 42.002

New York State Railroads.—The following have reported

to the New Yorli State Railroad Coiomissioaers for the quar-

ter ending September 30.

. Long Mand. . . XaitAatlan. .

1891. 1892. 1891. 1892.

Grosseamlngs 1,469,926 1,522,293 2,396.129 2,468,730Operating expenses 806,795 876,896 1,286.780 1,294,251

Net comings 663,131Otherlncome 22,791-

645,89759,796

1,109.349 1,174,47935,000 35,000

Total 6!'.'>.922 705,693 1,144,349 1.209,479Int., rentjUs and taxes... 222.087 239,043 600,192 681,089

gnrplus •t03,835 467,660 544.157 528,390

National Wall Paper Coiiipany.—A special stockholders'

meeting of the National Wall Paper Co will be held on Dec. 7

to consider an increase in the capital stock from $14,000,000

to $30,000,000, and bIho a propoMd anMndciMat to Um <

piinv'it charU'r to pruviiln for th« taia« of dcbtatonttOOk 10the total •stent of $H,UOO,OUO.

New York Lake Krie * Weatera.—It U reported (but wltb*nut any oflScial conflrmatlon) that at the annual meeting aaannouncement will be made that the compaov haa been abUto negotiate a $10,000,000 5 per cent collateral trust loan totake up the $8,000,000 Long Dock boncU falling due in June1808, and to fund the floating debt.

IMilladelphIa A Reading—Central of New ItTMj.—XJkTrenton, N. J., November 14, additional affidavita were flied

in the coal combine suits between John P. Stockton, infor>

mant, and the Central Railroad Company of New Jersey andothers. The aflfldavits were thoae of A. A. McLieod, Presidentof the Philadelphia & Reading Railroad, and other Readingortlrora.

President McLeod's affidavit quotes largely from the sup-plemental information filed by the Attorney-Oenoral, whichcharges that the Philadelphia & Reading and Central Rail-

roads disobeyed the order of the Court and operated their

roads to diminish competition in the anthracite coal, and ar-

bitrarily increase<l the price to the people of New Jersey. Mr,McLeod swears that it is absolutely untrue. TheaflSdavit fur'

ther states that immediately u(X)n the service, August 81, the

Central Company re-entered on the possession of all its prop-erty, and that the Philadclpliia & Reading Company baaobeyed the order of the Court.On the 15th the Reading suit was before Chancellor McOUl

at Trenton. In the matter of the Bivston & Amboy Companyan extension of time to November 25 was granted in whichto file affidavits. In the case of the Jersey Central receiver-

ship the final argument is set down for Thursday, December 1.

Texas & Paclflc—The falling off in the Texas & Pacific

earnings, due to the reduced cotton movement, has created

some uneasiness as to the payment of interest due Ue<;. 1. Weare officially informed, however, that the December couponwill be paid.

Third Arenne Railroad, New York City.—The stockhold-

ers of the Third Avenue Railroad Company held their annualmeeting and elected the following directors : Henry Hart,

William Remsen, S. S. Riker, Robert George Remsen, RobertW. Taller, John E. Parsons, Edward Lauterbach, Albert 8.

Rosenbaum, Simon M. Ehrlich, Abraham Ayres, ArthurLeary, William H. Webb and A. J. Eiias. President Elias

reported the capital stock of the company had been increased

from $2,000,000 to $4,000,000 since the erection of the cable

road began, and will be increased another$l,000.000 November31. It is estimated that the cable road will be completed byMay 1, 1898. During the year 34,135,477 passengers were car-

ried. Receipts from the horse cars decreased $51,000, but there

was $81,000 increase from the cable road. Total receipts for

the year were $1,739,723; the expenditures were $1,463,719.

Toledo St. Lonis & Kansas City.—At Toledo, Ohio, Nov.14 a special meeting of the preferred shareholders of the Tol-

edo St. Louis & Kansas City Railroad Company was held to

vote upon the authorizing a consolidated mortgage of $18,-

500,000 on the property. More than three-fourths of thepreferred stock was represented, and there was a large ma-jority cast against the proposition.

Trnnk Line Rates.-There was a meeting this week of the

Joint Committee of the trunk lines and the Central Traffic As-sociation, a£ which it was voted to apply to east-boimd rates

the principle which has prevailed regarding west-bound rates

for the last four years, of adjusting rates by different lines so

as to preserve to each road an equitable share in the total

traffic.

The Tribune's report says that the agreement reached giree

authority to a board of three persons to grant such rates to

ei^h line as will divide the tonnage fairly. The board con-

sists of George R. Blanchard, Chairman or Commissioner of

the Central Traffic Association, comprising the roaiis l)etween

Cliicago and St. Louis and the Western termini of the tninklines; J. F. Goddard, Chairman of the Trunk Line Associa-

tion, and Aldace F. Walker, Commissioner of the Western Traf-

fic Association, which is now defunct. "The new plan doeanot comprehend any 8pecifte<l percentaîes of business

among the different roads. But if under mamtained rates anyroad falls below the amount of business that it thinks it is

justly entitled to, after representations to the board of three

commissioners, that board may. if it sees fit. allow a lower or

differential rate to the complaining line that will adjust the

inequality. While avoiding the semblance of an iron-clad

pool the railroad managers hope by the new agreement to

secure the practical benefits of a pool in stable rates and a di-

vision of business in accordance with the relative strength of

each road as to fast trains, terminal conveniences, etc. Mostof the trunk line presidents were present at the conference.

The Eastern and Western roads have voted to restore all

rates, east-bound and west-bound, to the regular tariff schedule

on December 1, and fo bold rates firm hereafter. The tariff

will be as follows, in oents, on the basis of 100 pounds,between New York and Chicago : _ . ^WeHtoHnd

Eatl-iound Wttt-botmd diJfirtntMnxla. nUtt. ratt.

KlratcUiM 75 75 70SecondcUu •S ?5 ?5Third olaas *<> 5? JZFourthelMS 15 S5 SFifth ol>M 30 30 »8lxtb class 28 28 24

853 THE CHEONICLE. [Vol. LV.

%evovts and âcumtnts.

BUFFALO ROCHESTER & PITTSBURG.

ANNUAL REPORT FOR YEAR ENDING JUNE 30, 1893.

To the Stockholders of the Buffalo Rochester & Pittsburg

Railway Company.The following is a condensed statement of the result of the

operations for the fiscal year ending June 30, 1892:

Gross earnings $2,999,661 71Against latt year, san.e period 2,542,158 22

An Increase of 18-00 per cent, or $457,503 49

Operating expenses $2,082,621 78Against last year, same period. 1,790,323 38

An increase of 16-33 per cent, or $292,298 40

Net earnings $917,039 93Against last year, same period 751,834 84

Anlncreaseof 21-97 per cent, or $165,205 09

Cost of operating, inoludinsr $54,853 82 extraordinaryexpenses and improvements, and excluding $52,555 21miscellaneous receipts ,

68-81 percentAgainst last year, same period 73-15 per cent

Prom the net earnings $917,039 93are to be deducted:

Interest on funded debt $518,781 67Interest on floating debt 23,709 65Eoches ter & Pittsburg Coal & Iron Co.—Bentalof 500 cars 16,200 00

New York Lake Erie & Western B. K. Co.—Kentalof tracks 56,995 26

Taxes 52,905 05668,591 63

Net Income $248,448 30Extraordinary expenses and improvements 54,853 82

Profit $193,594 48Against last year, same period 74,462 29

The gros3 earnings in all departments show satisfactory in-

creases as compared with the figures of the previous year,although the rate received par toa per mile is slightly less,

chiefly caused by a reduction in the coke rates, necessitatedby the general depression of the iron market. As predictedin our last reporti slightly higher rates of freight prevailed onbituminous coal.

The improvement in general results is due, therefore, almostentirely to the increased traffic, coupled wita a decrease in theexpense of movement.The tonnage moved was the largest in the history of the

company, as follows

:

Bituminous coal 1,675,684Last year 1,364,454

Increase.Coke 32«,976Lastyear 275,714

Increase.Other freight 839,806Last year 750,710

IncreaseGrand total tonnage 2.844,465Last year 2,390,878

Increase.

311,230

53,262

89,098

453,538

The passenger traffic continues to present a steady growth :

Passengers carried 762,512Last year 681,835

Increase. 80,627

ROAD OPERATED.., . ,. . Milts.Main line owned 24()-ti5Branches owned '..!!!!!!!!! 1 1-56Three jiroprietary roads l-'O"Trackage rights .'.'.".'."."."!!.'."." 40-23

Total road operated 304-46Sidings ;;"". 39.70

Total tracks operated 39416The only change since last vear is an increase of 4-19 miles

in the sidings.

CONSTRUCTION.The following amounts have been charged to this account:

Machinery for docks, Bufl-alo, N. Y $5 680 00Lands at Reading Junction and other points 9,434 19Additions to shop.s, machinery, etc . 10 og-J 09Sidings and track extensions 35'538 30Discount on $550,000 general mortgage bonds sold .' 50,000 00Sundry miscellaneous items 8a79 04

^"tî ~... $119,823 62Important improvements were made as follows: 27 1 miles

of mam track re-laid with 71-pound steel rails; sidings in-creased 4-19 miles; 26 miles of track ballasted with graveT andcmders; 27 miles of fences re-built. 1

In order to provide suitable facilities at Reading Junction, inear Mumford for our connection with the Philadelphia &>^?^"?,n

R^' 19 acres of land were purchased at a cost of$4, im UO and additional tracks put in at a cost of $3,000 00. *

EQUIPMENT.There was expended for new rolling stock, as follows:

Nine locomotives $84,323 80Three hundred and twenty-one freight andservice cars 171,377 32

$255 706 12The account was credited for sixty-nine freight and ser-vice oars wrecked and destroyed, charged to operatingexpenses 21,857 62

Making a net increase of $233,848 50Of the above equipment eight cars were built at the Com-

pany's shops. In addition, eight locomotives were purchasedat a net cost of $64,049 to replace an equal number condemned,and the whole amount charged to operating expenses.

BONDED DEBT.There were issued during the year $550,000 00 of the gen-

eral mortgage five per cent bonds. $149,000 00 car trust bondsmatured and were paid, and new series Nos. 8 and 9 were is-

sued for $353,000 00, making a net increase of $103,000 00 incar trust bonds. A payment of $3,000 00 was made on thereal estate mortgages. The net result is an increase of$650,000 00 in the total bonded debt of the Company. Thefunds thus obtained were applied to the reduction of thefioating debt caused by expenditures for new construction androlling stock in this and former years.

J0HN30NBURG & BRADFORD RAILROAD.In the month of November, after a long delay in the ne;;o-

tiations with the New York Lake Erie & Western RR. Co.,the contract for trackage rights over their line between How-ard Junction and Johnsonburg, was finally modified, so as topermit your Company to lease a road chartered under thename of the Johnsonburg & Bi-idford Rfl. Cj., extending be-tween Howard Junction and Mount Jewett, and to arrangefor the building of the same ; and upon its completion to ussin connection therewith the New York Lake Erie & WesternRR. tracks from Mount Jewett to Johnsonburg.

Besides furnishing us an independent road, the great ad-vantage of this line in cost of operation over the one nowused is conceded. Although three miles and a fraction longerthan the present line, thq maximuoi grade is reduced from119 feet to the mile, to 79 feet ; and the Kmzua Viaduct, aconstant source of danger, is avoided.The Johnsonburg <Sr Bradford Railroad has been leased by

your Company at an annual rental of 6 per cent, based on its

actual cost, now estimated at $675,000 00. * * * *

CLEARFIELD & MAH0\ING RAILWAY.On the 10th of May an important traffic contract was en-

tered into for the term of fifty years between your company,the New York Central & Hudson River RR. Co., as lessee ofthe Beech Creek RR., and the Philadelphia & Raiding RR.Co., by which we agree to build a railroad 26-1 miles inlength, of the best standard, with eighty-pound steel rails,

and iron bridges, and the necessary sidings, terminals, &c.,from a point on our main line 3-59 miles south of Du Bois to

the Beech Creek RR., in the tiwn of Clearfield, at a total esti-

mated cost of $1,100,000. This link will form part of a

through line to all points on the Philadelphia & Reading Sys-tem and its connections.In order to conform to the laws of the State of Pennsylvania

a charter was taken out in the name of the Clearfield & Ma-honing Railway Co., and an agreement was entered into withthem on the part of your Company to lease the same by guar-anteeing the bonds at 5 per cent, and the stock at 6 per cent,

or an average guarantee of ^% P^"^ cent on tha actual cost ofthe road. « * » «The operations of the Rochester & Pittsburg Coal & Iron

Company for the fiscal year ending June SOtli, 1893, showsatisfactory results. Large expenditures were made for nec-essary improvements and equipment. The proflt-i for theyear are not included in the earnings of the Railway Company.During the year your company expended a larger amount

than ever before on the rolling stock and road bed, materiallyraising the standard of its physical condition, the benefits of

which will be manifested in the increased ability to handle amuch larger tonnage at a lower cost of operation. A commo-dious car repair shop has been completed at Lincoln Park andstocked with the requisite machinery and tools.

In the month of February the net income for the year, after

deducting all fixed charges, reached that point where it wasdeemed advisable to inaugurate the payment of quarterly

dividends on the preferred stock at the rate of 5 per cent per

annum. Two such dividends, amounting to $150,000, havebeen declared and paid.

I desire to express my thanks to the officers of the companyfor the very efficient services rendered by them.Statements and statistics of the operations for the year are

submitted herewith.RespectfuUv,

ARTHUR G. YATES, President.

COMPARATIVE INCOME ACCOUNT.Fo the fiscal years ending Juno 30, 1892, and June 30, 1891.

EARNISOS,

1892. 1S91. /"';. or Dec.

Passenger— $ $ * , „„Local pass'ger revenue... 323,29151 219.973 71 Inc. 23,315 83Int«r-llne pass'ger rev... 27,473 77 26,534 01 Inc. 933 83Mails 19,955 38 2<i.-25o 78 Deo. 300 40Express 12.30)00 12,300 00 „„„ „,Excess baggage 2,628 70 2,3306;) Inc. 278 01News privilege 499 92 49993 „,„-.Passenger oar mileage... 49 74 279 48 Dec. 329 74

Total.„„ 391,199 05 362,190 52 Inc. 29,002 53

November 10, 1802.] THE CHIIONICLK 859Itruuahl farieanl %3<)i.'OO os 93t>t,rq6 jt Ine. 9tQ,ooi tj

Frelyhl- iw^-!. 190J. Ine.or Drf.Conl revenue fl," $1,173,088 73 Ir.r.«3'i7.IOl UlCoke '• : U6e,'i0i7n Inc. 34,0*it 117

Meri-li>n<lis« rnveuiio... Cf . .'. .' ai4,A10Vt) Inc. (II,3H7*I3frelKlit cur iiilloa«c 13U,UstM(L 162,S3-J B5 Boo. 'wia.Uaoi

Total 2,540,eU7 22 8,140,300 75 Ino. 403,60047Olhfr KurniHii*—

Tclt'Kriil'li 78473 658 27 Too. 106*1)Truuk reiitnlH 3,01306 55000 Inc. 8,0080(1Humlry nourocs 1,032 41 1,0^2 93 Deo. 50 51

Totnl 6,01023 2,8J1 25 Ino. 3,113 09itisetlluiieoiu—

RciUM 2,583 02 2,210 98 Inc. 303 04luloruHt on balance 87,1A8 50 20.175 70 Ino. l,02iH<)Sundry suUTOea 22,773 03 2,277 90 luo. 2U,4<JS 07

Total 52.55.5 21 30.073 70 Ino. 21.88iTr

Total KaruhiKS 2,090.661 71 2,542,158 22 Ino. 457,503 40" Expenaos 2,082.021 7d 1,790,323 38 Inc. 292,298 40

Net Earnings 017,039 93 751,S34 84 Ino. 105.205 09

. KXPBMSKS.1892. 1891. Increase.9 $ S

ConiUictlnK Tranaporta'n 700,159 71 042,216 18 Ino. 117.913 5 JMotive Power 6JS,6a921 553,77701 loo. lOl.SOJ 20Malntouauoe of C tr-i 271.1910!) 2U).:t0i72 Ino. 21.8SS 37

•• Way 32^,5\0(W 240.1113 91 Ino. 3.'J.»0l7lGeneral Espouses 67,09103 5M,36l 50 Ino. 8.099 33

Total 2.032.6il 78 1.790.323 38 Ino. 2'?2.298 40

OporatinK per cent, ei-oliMliii; MiscellaneousIncome 70-7 71'3 Dec. 0'6

BVLAXCE SaEET OP THE BUFFALO ROC!HE3TEa & PirT3-BUKG RAILWAY CO. JU.-JE 30, 1892.

ASSETS.Costof RoaA $16,105,.'SOO 10Cost of Equipment 3,373,309 73

$19,533,899 89Cost of FROPBiBTABr Roads—

Perry Railroad 928,253 53East Buffalo Terminal Railway 20.00000Lincoln Pork & Charlotte Railroad 537.481 20

533,737 79

$20,124,037 03

Boclicster&Pittsl) Coal & Iron Co., 40,000 shares stack. 1,033,670 50Cdrbi^nt Assets—

Cash $32,39141Bills receivable 455,019 23Materiul on hand 280,635 60Rcntsduc 178 50Due from AirentH and Conductors 186,512 14" " otUerr'dsforcarmll'geat'k'ls. 21,705 12" " Individuals and companies. ... 53,410 41

Trastees' Ceriihcate—£. ic B. Holmes... 80 171,035,965 69

Total assets $22,101,273 87

LTABlLrilES.Capital Stock—Common $8,000,000 00

Preferred 0,000,000 00

$12,000,000 00FCJTOKD Debt—Bl'ffalo Rochesteb & PrrrsBtJRO Railway :

First MortgaKe Bonds R. & P. BR Due 1921... $1,300,000 00Income MortgaKe Bonds R A P. RR '• 1921... 1,870,00000First Consolidated Bonds B. & P. RR " 1922... 3,920,00000General Mortgage Bonds B. R. dc P. R'y " 1937... 2,971,000 00Car Trusts—Scries No. 2 $50,000 00

• 4 28,000 00" " 5 33,000 00" " 7 200,000 00•' " 8 97,000 00

" 9 135,000 00543,000 00

Mortgage Bonds on Real Estate 292,500 00

$10,896,500 00Deduel—

Income Mortgage Bonds hell by Trustoe.$l,862,0O0 00First Consolidated Mortgage Bonds, de-posited with Trustee to redeem out-standing income Mortgage Bonds 4,000 00 1,866,000 00

F0NDED Debt—PROPEiETAKr Roads:P.-rry Railroad Bonds Due 1902..$20,030 00Liu. Park Jc Charlotte BR. Bonds •' 1939.. 350,000 00

i 9,030,500 00

370,000 00

$9,400,500 00AccRURi) Interest cm Fo.vdbd Debt, not yet Payable :

First Mortgage Bonds 5 mos $32,500 00First Consol. Mortgage Bonds I " 19,58000General " " 4 •' 49,516 67Car Trusts—Series No. 2 3 " 875 00

•' 3 2 " .... 33000" " 7 1 " .... 833 33

" 8 1 " .... 40117" 9 1 " .... 67500

Perry Railroad Bonds 1 " .... 110 67Uurtgage Bonds on Real Estate 2,021 38

$106,855 22ACCIUF.D REJfTALS. NOT YET PAYABLE :

New York Like Eilo A Western KB.—Tracks 210 16CURRKST LlAniLITIES:

Pay-rolls and Vouchers payable In July $217,091 76Due toother roads for mileage and tickets. 11,934 31Due to individuals and companies 84,853 53Bills payable 201.717 00

„ ,. $518,596 85ProStacd Loss—Surplus 138,111 34

Sfee Commercial gimes.

Total liabilities $22,161,373 87

COMMERCIAL EPITOME.FwioAT NloBT, Novcmbt-r 18, ISOa,

The drouxbt previously prevailing over many •ectiotu of

the country has been broken by copioua rains, producinggenerally IwnefloiAl reHulti. Autumn-soirn grain U reportedaa doing fitirly well. Lighter markclings of both wint«r andspring wheat are accepted aa evidence that visible supply baaabout reached maximum, and will bo followed by a leaaenlDg

movament. The export movement in breadstuff* and curedmeata has been of somewhat more encouraging volume.Belief in a greatly reduced yield of cotton has attracted

additional investing demand and further stimulated valuee.

OlBcial announcement has been given that the Erie Canalwill be closed at midnight December 5 and the smaller canatoin this State at midnight November 30, unlesi sooner cloaedby ice. General business is of seasonable character and pro*portions.

Lard on the spot has been dull, but prices have advancedsharply in sympathy with a rise in contracts, and the close

was firm at OSO^Q-OO;. for prime City, 10-25c. for prime West-ern and lO'oOc. for refined for the Continent. The speculation

in lard for future delivery has been more active, at rapidly

advancing prices, due to continued small receipt) of swine at

primary points, and the close was firm.

OAILT OLOSIHO FKIOBS OV LAKO rUTnaiS.Bat. Hon. Tuei. Wed. Thur, tri,

November delivery o. 9-20 9-20 9-30 9-45 9-80 10-10Ddoem >er delivery o. 8' 10 8-50 3-60 8-73 900 9-40January delivery o. 8-12 8-18 8-25 8-35 8-58 9-10

Pork has been in active demand for export, and prices havemade a decided advance, closing firm at $13 00,3 $13 23 for old

mess, $14 25@$14 GO for new mess, $17@$18 for clear backsand $17@ $17 50 for familj-. Cut meats have been taken slowlybut prices hold firm, closing at 8^@9c. for 10(313 lbs. averagepickled bellies, 8}i(gB}4c. for pickled shoulders and lOgiO^.for pickled ham^}. Beef sieady; extra mess $6 50vi$$7, packet$8<3$9 and family $9@$11 per bbl.; extra Indian me>s $13@$17 per tierce. Beef bams firm at $14 per bbl. Stearine isdull and quoted nominally 10%c. in hhds. and 10>^c. in tcs.Oleomargarine is firm but quiet atS^gC. Tallow has advancedand the close was fairly active and firm at 5}^c. Butter is dullbut steady at 20>929c. for creamery. Cheese is quiet and easyat 8J4@103^c. for State factory full cream.Coffee has found continued favor from local and interio-

lines of custom at gradually improving prices. The statisrtical situation appears favorable to holders of the supply.Rio is quoted at 16J^c. for No. 7, goad Cucuta 2OJ^031c. andinterior Padang at 393291.^0. Contracts for future deliveryhave sold readily on a demand stimulated by a renewal ofshort-crop estimates and prices advanced, but to-day are ashade easier under sal?s to sscure proStd, and the close wasbarely steady, with sellers as follows :

Nov 16-300. 1 Feb 15-753.| May 15-150.

Deo 16150. Mch 15 0)c. Sept 15-300.Jan 15-900. I April 15-450. | Oct 15-lOc.

Raw sugar was greatly neglected, but small accumulationsof stock have encouragei holders to ask previous rate) withsteadiness. Centrifugal quoted at '6'}^;. for 98 deg. test andmuscovado at 2Jgc. for «9 deg. test. Refined sugars havefound very slow sale without further change in price. Cutloaf quoted at 5K{r. and granulate 1 at 4Jgc. Other staplegroceries generally slow of salt*, except in specialties adaptedto holiday trade, which are selling more freely.There has been an active export demand for the low grades

of Kentucky tobacco at full prices, and sales for the weekwere about 650 hhds. Seed leaf tobacco continues quiet butsteady. Sales for the week 1.375 cases, as follows: 309 cases1891 crop, Zimmer's, lOJ^'^lli^c; 150 cases 1891 crop, NewEngland Havana, 23®57}^^c.; 100 cases 1891 crop. NewEngland seed, 24^260.; 150 cases 1891 crop. State Havana,18023c.; 150 cases 1891 crop, Ohio, 8t^®llc.; 125 cases1890 crop, Wisconsin Havana, 12@14c.; 150 cases 1891crop, Pennsylvania Havana, 14 >i40c.; 150 cases sundries, 0^@32c.; also 800 bales Havana, 61c<3$tl5, and 400 bales Su-matra, $3-a0@$3 70.

Straits tin has been fairly active at declining prices, due toweak foreign advices. The do le, however, was steady at thedecline, at 20-25c. bid. Sales for the week amount to about350 tons. Ingot copper has advanced, owing to the stoppageof lake navigation, and the close was firm at ll'90o. bio.Load has lieen dull and values have weakened a trifle, closingdull at 3-7.'5c. bid for domestic. Pig iron has continued mod-erately active and steady.Refined petroleum is quiet and unchanged at 6'80c. in bbls.,

3'30c. in bulk and 6'40c. in cases; crude in bbls. S'35c.;in bulk3 85c.; naphtha, 5>^c. Crude certificates closed dull butsteady at S3V^c. bid. Spirits turpentine has been dull butsteady at SUaSlJô. Rosins are quiet and unchanged at$1 27^'a$l 821^ for common and gool strained. Wojl is leotactive but firm ^Hopj dull and weak.

860 THE (CHRONICLE. IVol. LV.

COTTONFriday, P. M., November 18, 1892.

Thb Movement of the Crop, as indicated by our teieKrat s

from the South to-night, is given below. For the week ending

this evening the total receipts have reached 262,766 bale?,

Bgainst 365,619 bales last week and 293,552 bales the previous

week, making the total receipts since the 1st of Sept., 181^2,

2,241,457 bales, against 3,159,461 bales for the same period of

1891, showing a decrease since Sept. 1, 1893, of 918,004 balec.

Seeeiptt at— Sat. Hon. Tues. Wed,1

Thurt. Fri.1

Total

Oalveston 10,227 13,610 7,272 8,302 6,277 8,748; 54,436

ElFaBO,&o... 1,102 1,102

He-w Orleans... 8,367 13,668 17,463 5,155 11,539 13,799 66,991

Hoblle 672 3,435 1,482 1,018 492 1.124

7,736

8,223

Florida 7,-36

Bavannab 6,068 6,480 9,055 5,214 6,513 6,025 39,355

Bran8w'k,&o. 6,793 6.793

Charleston 4,715 3,504 3,257 3,820 3,830 1,121 20,547

PortRoyal.&c 1 1

Wilmington 781 2,665 2,304 2,332 3,779 4,310 16,171

Wasb'gton.&c 116 116

Norfolk 1,972

2,622

1,966

2,629

3,7002,500

l,838l 3,722 2,251

1,365

15,449

West Point... 2,136 3,453 14,705

F'TTp'tN'S.&O. 1,561 1,561

New York 675 551 505 972 2,703

399 197 590 768 683 6512,837

3,286

Baltimore 2,837

Plilladelpli'a,&o 240 266 84 160 4 754

TotalsthlBweek 33,063 48,154 48,564 31,216! 40.953 60,816 262,766

The following shows the week's total receipts, the total since

Sept. 1, 1892, and the stock to-night, compared with last year.

Btetipt$ to

Nov. 18

1892. 1891. Stock.

This

Week.

Since Sep.

1, 1892.

ThUWeek.

Since Sep.

1,1891.1892 1891

Qalveston... 54,436 545,701 54,773 589,553 159.511 147,480

ElPaso,i&o. 1,102 21,864 1,273 13,464

New Orleans. 66,991 500,415 124,540 910,399 195,004 353.876

Hoblle 8,223 78,101 9,987 135,918 24,891 38,515

norlda 7.736 10,909 412 6,578 .. .

flavannab. .. 39,355 445.368 38,270 559,709 106.657 146,837

Brans., &o. 6,793 74,610 6,894 77,817 8,215 14.208

Charleston .. 20,547 184,173 21,589 281,519 66,658 139.351

F.Royal,&o I 222 42 615Wilmington

.

16,171 95,694 9,147 92,717 25,273 16,661

Wash'tn,<&c 116 350 203 879Norlolk 15,449 124,575 29.620 238,547 53,354 60.695

WestPoint. 14,705 111,572 13,631 144.379 26,445 15.594

NwptN.,&c 1,561 5,620 1,837 10,834 874 775

New York. . 2,703 7,021 616 6,626 314,491 231,116

Boston 3,286 18,437 7,917 31,758 16,500 21,500

Baltimore... 2,837 9,701 1,942 7,604 30,364 15.641

PWl'del'a.&o 754 7,124 2,993 20,515 7,225 9.113

Totals 262,766 2,241,457 325,7143,159,461 1,037,465 1,211.362

In order that comparison may be made with other year, wegive below the totals at leadin? ports for six seaons.

Bteeipts at— 1892. 1891. 1890. 1889. 1888. 1887

Galv'Bton, &o 55,538 56,046 31,086 36,042 25,464 33,457New Orleaue 66,991 124,540 82,154 105,200 89,021 75,544Mobile 8,223 9,987 11,460 12,811 9,400 10,161

Bavannab. .. 39,355 38,270 50,666 42,705 39.040 40,003Obarrst'n,&c 20,548 21,631 15,953 23,051 18,627 18,440Wllm'gt'n,&c 16,237 9,350 7,718 8,399 11,718 8.939Norfolk 15,449 29,620 23,211 23,893 31,830 26.659W'tPolnt, &c 16,266 15.466 18,108 17,284 30,458 26,425Allotbers... 24,109 20,804 25,658 19,192 10,704 9,760

itOttblBweek 262,766 325,714 266,044 288,607 266,262 249.388

Since Sept. 1. 2241,457 3159.461 2946,161 2808.306 2358,371 2874 549

The exports for the week ending this evening reach a totalof 249,271 bales, of which 171,542 were to Great Britain, 37,356to France and 40,373 to the rest of the Continent. Below arethe exports for the week, and since September 1, 1892.

Week Bndinu Nov. 18. 1 frcm Sept. 1, 1892, to Nov.

MxvoruExported to— Exvortei to—

Qreat OonU- Total Sreat Oonti-BrU'n. France n<nt. Week. BHUin. France runt.

OalreBton 67,793 e.Ui 4,8S5 69,127 237,186 45,063 36.386

TelaBCO, &c.... 950 950 9.230 10.520

Hew Orleana.

.

40.902 26.817 67,719 166.337 88,096 73,993Hoblle & Pen. 14,885 14,885 14,866

Barannah 6,17J 16,919 2i,oa3 46,693 12,645 109,879Brnniwlok ... 2,480 2,480 32,639 2,180 6,921Oharleston . .

.

10,896 3,030 13,92d 61.991 2,600 37,006Wilmington... 18,890 9.000 27,890 50,421 16,160Norfolk 1,874 1,874 28,8.J3 2.174West Point... 29.109H'portNwB.ic 20i 205 206New York 11,851 870 3,189 15,910 145,661 2,818 17.522Boston 6,430 135 6,665 46,798 137Baltimore 4,531 746 1.891 6,867 22.728 a 046 23,988Pblladelp'B,&c

171,542 37,356

606

882,080 333.625

479.700

Xotal 40,373 249,271 150,667

Votal, 1891.... 141,793 18,716 76.121 236.829 1,118.949 186,176

Too

317,551

19.770

313,428

14,806

168,118

42,040

101,496

88,571

30,997

29,109

206

165,92!

46,935

48,781

606

1,366,372

1,784 .829

In addition to above exports, our telegrams to-night also

Jive us the following amounts of cotton on shipboard, notcleared, at the ports named. We add similar figures forNew York, which are prepared for our special use by Messrp.Carey, Yale & Lambert. 24 Beaver Street.

0» Shipboard, not cleared—forLeavingSlock.mv. 18 at— Qreat

Britain. France.Olh^r

ForeignCoast-Kise. Total.

Jew Orleans...QalvestonBavannabObarleston. . ..

Uobile

7,30151,9226,0006,4006,0007,200

12,10030,000

24,37811,8861,0005,200None.None.1,000None.

25,54311,17712,00011,100None.2,8007,800

28.000

None.4,5374,6001,800None.5'000None.2,000

57,22279,52223,60024,3006,000

15,00020,90060,000

137,78279,98983,05742,35818,894

NorlolkSew YorkOtber ports

Total 1892...

38.354293,59156,896

126.923 43.464 98,420 17,737 286,544 750,921

Total 1891...Total 1890...

189.13879,191

26.53512,072

100,231! 21,25872.89l! 13,610

337.162177,764

874,200464,874

Speculation in cotton for future delivery has again been of

very liberal proportions. During the early part of the week con-

tinued buying by domestic spinners, an increased business at

Liverpool, with private advices of probable early settlement

of the strike among English mill operatives, and also increasing

belief in a material reduction of the crop, stimulated liberal

investment and a sharp rise in values. Subsequent partial mod-

ification of some of the strengthening features and free liquida-

tion to secure profits resulted in an acute reaction. During

Saturday and the mornina; hours of Monday prices settled oil

some 11@12 points, but commenced to improve Monday after-

noon, and by Wednesday evening had advanced 45 points

from lowest, with free buying of all leading months. Yester-

day buying orders were less plentiful, and a report was circu-

lated that the anti-option (so-called) measure would be

promptly acted upon at next session of the Senate, influences

that induced selling out of long contracts and led to igc. de-

cline. Practically the same features prevailed to-day, and a

further decline of about 20 points left the market in an un-

settled condition. Cotton on the spot sold slowly, and after

advancing Jgc. closes at i^c. reaction. Middling upland ^l^c.

The total sales for forward delivery for the week are 3, 144,700

Dales. For immediate delivery the total sales foot up this week4,830 bales, including for export, 3,030 for consumption,— for speculation and 1,600 on contract. The following are

the official quotations for each day of the past week

—

November 12 to November 18.

UPLANDS.

OrdinaryStrict Ordinary ,

Gk)od OrdinaryStrict Good Ordinary..Low MiddlingStrict Low Middling...Middling ,

Gtood Middling ,

Strict Good Middling.

.

Middling FairFair

• Vlb.

Sat. Mon Taes Wed Tta. Fri.

6^7^8

She

8101891a

9»81010%

6%7l8

885,8

ij '»815ig9l8

9'189=8

101038

6787M816

81*1,

9'l6914

9%10 1«10i»

77%8I4

8»i6Sli-ie

93i89^891I169'78

I0141058

773881489,88'*18

9'l8

6'78

7148%87,6

._ 9'l89% 914fliiie 99ie9^8 ' 9%IO14 lOiglO^s 101*

GULF.

OrAlnaryStrict OrdinaryGk)Od Ordinary ,

Strict Good Ordinary.

,

Low Middling ,

Strict Low Middling..,MiddlingGood MiddlingStrict Good Middling.Middling FairPair.

.Vlb,

Sat. MonTues Wed Tb. Frl,

6i6ie

ZS'8

8ifl

8'99%?.>9=s913i6IOHb109i„

615i8

She8I3

8^891s9!i69^8913,8

103,6109,8

71,6

77i«§°.168»69914

9'l89^915,8

106,610lt,6

73,879,687,68%9i«

9389916979

101,6107,81013,8

73ie

l>She8%9139389»169^8

101,8107,61013,8

7I16

1=1885l68=89914

9'ie

9161a106,6iQiiie

STAINED. Sat. Mon Taea Wed Th. Fri.

9ood Ordinary f lb. 6I4

663758

8"l6

614658

8^18

638631734813,6

6i«6^87'8816,6

6^678778816,8

638

Low Middling 7%Ulddllng 8l3n

MARKET AND SALES.

The total sales of cotton on the spot and for future delivery

each day during the week are indicated in the following

statement. For the convenience of the reader we also add

a column which shows at a glance how the market closed on

game days.

SPOT HAKKBTCLOSBD.

aat'day. !

Quiet at is adv.

.

Monday DullTuesday Quiet at is adv..Wed'day Steady at is ad..Thur'd'yDullFriday.. Steady at H dec.

Total. I

SAl.KS OF SPOT AND CONTKACI.

Sx- Con- Spec- Con- .

port. sump, ul'fn tract, ôuu.

200843271772

94i

....I 3,030

400200

1,243271772

1.200 2,144

1,600| 4,630

Sales 0/Futures.

183,900283,300347,200494,100453,300382,90©

2,144,700

NOVEMBKH 19, 18M, I IBB GHfiONlCLB. 861

Thb Salbb and Prioks or Futcbib are ahown by tbtf illnwintt comoMihennive table!

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• Inolades sales In September, 1892, Tor September, 1,700; Septem-WerOotober, tor October, 120,330.

' The folio vrta)< exchaaiêa liave been made durint; the week :

'28 pd. to exoh. 100 Jaa. for Mch.66 pil. to exoh. '200 Deo. for May.•40 pil. to exoh. 50J Mob. for July.10 pd. to exob. 1,100 Apr. for May.•62 pit. to exoh. 2,000 Deo. for >I ly.•6S p<l. to exoh. 200 Nov. for May.•25 pd. to uxch. iOO Jan. for .Mch.

•26 pd. to exob. 1,100 Jan. (or Mch .

•15 pd. to exch. 500 Beo. for Jan.•15 pd. to exeh. 1.700 Deo. for Jan.•7 J pd tJ exoh. 6,K) Deo. for Juuo.10 pd. to exeh. 300 .Mob. for Apr.•05 pd. to exch. 100 Xov. for Dec.

The VisibleSupply of uotton to-night, as made up by cableand telegraph ia as follows. The Continental stocks, as well asthose tor Great Britain and the aUoat are this week't returns,and consequently all the European figures are broughl downto Tliursday ovenins. But to make the totals the completefigures for to-night 'Nov. 18), we add the item of exports fromthe United States, including in it the exports of Friday only.

ttoekatUrnrpool balM. 1,103,000 «32,000 SPO.OM 6a£8o9ttook at London 8,000 8,000 a7,000 IMM..

Total Great Britain itook. 1,171,000 810,000 72«,000 618,000Jtook at llamborg s,800 8,800 3,800 I 7g0Stock at Bremen 92,000 78,000 58.000 - '---

nook at Anuterdam 17.000 18,000 11,000Stock at Rotterdam lOO lOO 300Stock at Antwerp i.000 5,000 S.OOO SJStookatHavre 816,000 201,000 119,000 ItlXStock at Mamlllea 10,000 10,000 3,000 tijOStock at Barcelona 43.000 36.000 50,000 40,000Stock atQuuoa 0,000 6,000 4.000 6.000Stock at Trieste 17,000 21,000 4,000 4.000

Total Continental (tockl 512,000 880,300 283,000 228,500

ToUl Eoroaean stocka 1,088,000 1,220.200 1,004,000 ~848.600Cndtacotton afloat (or Boropa. 83,000 26,000 14,000 38,000Amer.oott'nafloatforKarone. 601,000 823,uOO 608,000 660,000EK7pt,Brazll,Aoâflt(orB'r'p« 60,000 50,000 52.000 34,000Stock in UnltedatateaporU.. 1,037,165 1,211,362 642,639 725.585Stock In U. 8. interior towns.. 826,081 4a6,(«2t 360.170 237,825UnltedStateiezporU to-day. 82,022 4^,510 43,694 39,764

Total risible anpply 8,777,068 3,841,032 2,818,511 2 596,031Of tbeaboTB, thetotalaof American and other desertpUont are aa follows:A menean—

ulverpool stock bales. 1,000,000 649,000 422,000 421,000Oontlneiitalstooks 380,000 2.'>4,000 178,000 1X4.000Amerlciiii afloat (or Europe... 601.000 823.000 608.000 660 000anlted HtHtes stock 1,037,165 1,211.362 642.638 725,585anlted States Interlorstocka.. 32l,0Sl 100,021 360,179 257,833anitedStates exports to-day. 32,622 13,510 43,094 39,754

Total Amsrtoan 3,386,168 3,416,832 2.311,511 3,328,164tOMl Indian, Braiit.dc—

Urerpool stock 157.000 181.000 276.000 182.000Londonstook 8.000 8.000 27.000 l.n.OOOContinental stocks 132.900 126,200 105.000 101500tndla afloat for Europe 33.000 26,000 14,000 33 000Egypt, Braill,<ko., afloat 60,000 50,000 52,000 31,000

Total East India, Ac 300.900 301,200 471,000 368,500rotal American 3,386,168 3,440,832 2,314,511 2,228,104

Total visible aapply 3,777,068 3,811,032 2,818,511 2,596,664E»rlce Mid. Upl., Liverpool liSmd. I'lsd. Sî.d. 5»aaPriceMld.Upl., New York.... 9'4<". 8>«c. 9iitO. lO^te.

1^" The imports into Continental ports the past week havebeet) 01,000 bales.

The above figures indicate a deereaae in the cotton in sightto-night of 63,964 bales as compared with the same dateof 1891, an increase of 933,5.57 bales as compared with thexjrreeponding date of 1890 and an increase of 1,180,404 bale*,tB compared with 1889.

AT THB INTERIOR TOWNS the movement—that is thereceip..9for the week, and since September 1, the shipments for fiie

week and the stocks to-night, and the same items for theoorreeponding period of 1891—is set out in detail in thefoi 'owing statement.

toto MtCXtOM ^^^ M^Mi^W MMtCl^MMMMMMtOKÔMtexw'tobwMw^tc tote-*»axcbê: wkVj-cVi'x'V MteMMOCQWOMtOtOXM'XMX-tOWO.-tOO«.XWWO^MA^t0OOOxOMif.MMUt0M|tkXXWWOXÔCt0t;'W-J*.O-4

atOM MMCMM^WXJ,;**;.!©--^0s'm*-4'*."*wVmmVi*.wqc MMo;>.tc"o'--MM"j a to-ic;Tk x'c^tol(-WMACMWWMCtCtOXt^waiât>^WOtOMtO^C;'^XX-JMtOMtCtetOM-qWMi^tOri^MtO^tOMXX^tOiâM^Xt^tOMXM

la

10 3: tfk ac CD 19 9 CO VI ; ic«ooOi»>to^*^^x iâoo"

Mi^©»t-M*i^co3woacxaDeD9»ewe*iMa:*jc«»»oc«M

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M^ M«4(D^Cd^^ppfttO ; M; ppa'-i*WM*»'Wc''*»'0" *r M(D«x V'tpCMbswot^V««wws>x»oSaScsiAccô" CD', wwp— x*S*c^>o:MiM--t —www

I

5??

* LoalavUle tlKures "net" In both yearsI This year's OKurea ctttmated

The abovetotals Know that the interior stocks have itierwueddaring the week 66 bales, and are to-nigh 140,310 balealess than at the same period last year. The re • i jts at ail thet iwns have been 83.11) bales /eta than the ^-x-ui week Uatyear, and since Sept. 1 they an 699.S2i bale* le * than for thetame time in 1891]

86:i THE CHRONICLE. [Vol. LV.

Quotations fob mioDLiNa Cotton at Other Markets.-Below we give closing quotations of mi(ldlini» cotton at South -

em and other principal cotton markets for eac, i; day o ' th wee -.

Week endtTiBNov. 18.

0I.O8UC8 QOOTATIOSJS FOB MIDDUNO OOTTON 0«—

Satur. Hon. T^le>. Wednes. Thurt. Fri.

Galveston... 8^ 8»8 8=8 813,8 9 9ew Orleane 858 81'l6 9 9I4 9h8 9'mMobile S^ 8^ 8^ 9 914 91sBaTannali . .

.

8H 8^ 81s 8% 8-'8 S'sCharleston.

.

858 8«8a% 8=8'*% 9 8'8«9 8\Wilmington. S^ 858 858 8% 9 9%Norfolk S'a 8=8 8ii,e 8 '8 9 9Boston 9 9^8 91s 9% 938 9%Baltimore... 8^8 b's 9 914 9^ 914

Philadelphia 9^ gifl 99l6 91I18 9% 9%Augnsta.. .. 8-h 8>s 8=8 8^8 ss 8%Memphis,.., 8^ 8'8 9 9I4 9^8 9^8

Bt. Louis 8 '8 8'8 9 938 91a 91aHouston 84 858 8=8 8 '8 9 9Cincinnati.. 8=8 8% 834 8% 8H 938

IxinlsvlUe. .. 81a 8% 834 9 919 91a

8i3ie8\

The closing quotations to-day (Friday) at other importantSouthern markets were as follows:

Little Rook.... 9 Newberry 9\Montgomery.. 8% Ealelgh 8«iNashville 9 Selma 8%Natchez 8''8 Shreveport .... 8%THE Plantations.—The following table

Indicates the actual movement each week from the plantations,

The figures do not include overland receipts nor Southernoonsumption; they are simply a statement of the weekljmovement from the plantations of that part of the crop whiclBnally reaches the market through the outports.

AtlantaOolumbas, Oa.Columbus, MissBafaula , 8=8

Receipts From

WtehJInilinff—

Oct, U..•• 21..

" S8..

Hot 4,..

" 11.,

" IS.

Reeetvti atthe Porti.

1890.

311,313

313,451

343.188

1891.

375,820

380,121

360,489

1892.

SVkat Interior Towns.

1890. 1891. 1892.

800,368 344,697

278,281 345.668

806,014 325,714

259,128

270.733

290,470

293,652

265,619

2a?,766

148,672 258.127

194,967 310,863'

244,706 335,347

281,151

322.297

860,179

373,630

433.178

468,921

235,8 ;0

259,990

288,774

321,031

32!,01o

326,081

Ree'vU from Plant'nt.

1890.

352.060

359.746

392,927

337,111

319,130

303.926

1891. 1892.

442,814 298.766

482.857 304 853

374,8;3|319,264

383.98o|326,809

.195,216 270,603

369,457 262,832

The above statement shows: 1.—That the total receipts fromthe plantations since September 1, 1893, are 3,43S,904 bales; ir

1891 were 8,570,453 bales; in 1890 were 3,391,770 bales.

8.—That, although the receipts at the outports the past weekwere 362,766 bales, the actual movement from plantations watonly 363,833 bales, the balance going to increase the stocks a(

t le interior towns. Last year the receipts from the plantation;for the week were 369,457 bales and for 1890 they wert303,936 bales.

Overland Movement for the Week and since Sept. 1.—We give below a statement showing the overland movementfor the week and since September 1. As the returns reach ueby telegraph late Friday night it is impossible to enter sc

largely into detail as in our regular monthly report, but all

the principal matters of interest are given. This weekljpublication is of course supplementary to the more extendedmonthly statements. The results for the week ending Nov. 18

Bid since Sept. 1 in the last two years are as follows:

Kovember 18

Slipped—Via St. LouisVia CairoVia HannibalVia EvansvlUeVia LouisvilleVia CincinnatiVia other routes, &o.

Total gross overlandDeduct shiîents—Overlana to N. Y., Boston, dtc.Between interior townsInland, &o.,from South

Total to be deducted

Leaving total net overland*

1892.

Week.

18,1348,832

11,944995

8,9245,1457,695

61,722

9,'580756

3,569

13,905

47,817

SinceSept. 1.

1891.

Week. Sept. 1

101,21951,2S*7

62,5333,097

42,14126,12635.396

27.2G48,7989,4051,1078.1974,7426,723

324,7f9 66,236

42,2835,472

18,741

13,4982.0622,39;

66,496 17,953

258,303; 48,283

195,160100,82468,5195,144

67,9434461960,473

542,592

66.5032o752739,344

131,874

410,708•Including movement by rail to CanadaThe foregoing shows that the we k's net overland movement

this year has been 47,S17 bales, against 48,383 bales for the sameweek in 1891, and that for the season to date the aggregate netoverland exhibits a dejrease fro;n a year ago of 153,403 bales.

Z» Sight and Spinnert'Takings.

Receipts at ports to Nov. 18Netorerlana to Nov. 18Southern consumption to Nov. 18

Total marketedInterior stocks in excess

1892.

Week.

262,76647.81"18,000

328,53366

Came into sight during week 328,649Totalinslght Nov. 18 1

SinceSept. 1.

2 241.457253,30 i

165,000

1891.

Week.Since

Sept. 1

325,714 3.159 46148,283 410,70317,0001 155,000

2,664.760 390,997 3,725,1 69197,447 43,743 410,992

434,7402.862,207: 4,136,161

Worth'n spinners tak'gs to Nov.isl 551,903! ^ 783,104It will be seen by the above that there has come into sighl

durmg the week 338,649 bales, against 434,740 bales for tiesame week of 1891, and that the decrease in amount in sightto-night as compared with last year is 1,273,954 bales

Weather Reports by Telegraph.—Telegraphic reports to>

us this evening from the South indicate that on th3 whole the

weather has been rather more favorable during the week.

In Texas dry weather hai prevailed and picking U again

actively in progress. Elsewhere rain has fallen, but as a rule

fie precipitation has not been heavy. Killing frost is re,;ortedat some points.

Oatveston, Texas,—The weather has been dry all the week.Average thermometer 60, highest 75 and lowest 44.

Palestine, Texas.—No rain hai fallen during the week.The thermometer has averaged 58, the highest being 80 andthe lo vest 36.

Huntsville, Texas.—We have had dry weather all the weekpast. The thermometer has averaged 57, ranging from 34to 80.

Dallas, Texas.—The rains have ceased, the election is overand cotton-picking has been actively resumed everywherethroughout the State. But the top crop has been killed byfrost and the total yield will be very far short of that oflast year. The thermometer has ranged from 36 to 78, aver-aging 57.

San Antonio, Texas.—Tuere has been no rain all the week.Average thermometer 58, highest 83 and lowest 34.

Vuling, Texas.—We have had dry weather all the week.Tlie thermometer has averaged 53, the highest being 82 andthe lowest 32.

Columbia, Texas.—The weather has been dry all the week.The thermometer has averaged 58, ranging from 36 to 80.

Cuero, Texas.—There has been no rain the pa^t week Thethermometer has averaged 58, ranging from 34 to 80.

Brenham, Texas.—Dry weather has prevailed all the week.Average thermometer 59, hight st 83 lowest 36.

Belton, Texas.— All tender vegetation has been effectually

killed by frost. We have had no rain all the week. Thethermometer has averaged 50, the highest being 76 and thelowest 24.

Fort Worth, Texas.—There has been no rain the past week.The thermometer ha^ averaged 57, ranging from 35 to 79.

Weatherford, Texas.—The weather has been dry all theweek. The thermometer has ranged from 34 to 80, aver-aging 57New Orleans, Louisiana.—Rain has fallen on one day of the

w,>ek, the rainfall reaching eighty-eight hundredths of aninch. The thermometer has averaged 60.

Shreveport, Louisiana.—There were very heavy windsWednesday night and Thursday, ranging as high as fori y-fourmiles per hour. Rain has fallen on two days of the week, to

the extent of fifty-five hundredths of an inch. Average ther-

mometer 55, highest 79 and 1 jwest 35.

Columbus, Mississippi.—Frosts did greater damage than atfirst estimated. There has been rain on two days of the pastweek, the rainfall reaching eighty-eight hundredths of an inch.

Tne thermometer has averaged 53, ranging from 30 to 73.

Leland, Mississippi.—We have had rain on two days of theweek, the precipitation being fifty-eight hundredths of aninch. The thermometer has ranged from 38 to 74, averaging53-7.

Meridian, Mississippi.—Telegram not received.

Little Rock, Arkansas.—Tho wet weather is interfering withgathering what crop is left, and unless we have an earlychange for the better but little more cotton will ha housed in

this State. Rain has fallen on three days of the week, to theextent of eighty-five hundredths of an inch The thermome-ter has averaged 51 '8, the highest being 68'5 and the lowest 33.

Helena, Arkansas.—Crop reports are less favorable. Lightrain has f illen on three days of the week, to the extent of oneinch and twenty-five hundredths. The thermometer has aver-

aged 54, and ranged fr.)m 36 to 73.

Memphis, Tennessee.—It is claimed that crop prospects are

constantly depreciating. We have had rain on two days of

the week, the rainfall reaching one inch and ten hundredths,but the weather is now clear. The thermometer has rangedfrom S3 -9 to 70*4, averaging 51 '9.

Nashville, Tennessee.—Unin has fallen on two days of the

week, the precipitation reaching one inch and thirty-four

hundredths. Average thermometer 48, highest 67, lowest 36.

Mobile, Alabama.—Telegram not received.Montgomery, Mabama.—Telegram not received.Selma, Alabama.—Telegram not received.Aubur7i, Alabama.—The week's rainfall has been sixty-

seven hundredths of an inch. Average thermometer 47'o,

highest 66 and lowest 38.

Madison, Florida.—Rain has fallen on two days of the

week, the precipitation being one inch and ten hundredth?.The thermometer has averaged 64, the highest being 80 andthe lowest 33.

Augusta, Georgia.—We hid light rain on two days of the

week, to the extent of fifty-eight hundredths of an inch, but

the weather is now clear and pleasant. Cotton is coming in

freely. Ave rage thermoimter 51, highest 73 and lowest 31.

Savannah, Georgia.—We ha^'e had rain on two days of the

week, the rainfall reaching sixty-nine hundred'hs of an inch.

The thermometer has ranged from 37 to 73, averaging 54.

Columbus. Georgia.— It has rained on t>vo days of tlie week,

the rai fall being one inch and seventy-five hundredths. Thethermometer has averaged 53, ranging from 38 to 63.

Charleston, Soiith Carolina.—We have had rain on two-

days of the week, tlie precipitation reaching seventy-four

hundredths of an inch. The thermometer has averaged 55,

the hight st being 71 and the lowest 39.

NOVBUBXR 10, 1803.] THE CHRONICLE 868

Stateburg, South Carolina.—There have been three killing

frests on low Krmn.jn. It has mined on one day of the week,the precipitation reaching eighty-two hundredths of an inch.

The tliernviMieter has averaged 49-2, ron)(ing from 82 to 6H'7.

Wilson, North Carolina,— Wo have had rain on one dayof the week, tlio rainfall roaohing one incli and six hun-dredths. The tlicrnionioter haa ranged from 2!j to (18, averag-ing 48.

The following statement we have also received by telegraphhowing the height of the rivers at the points named at 8O'olook November 17, 1893, and November 19, 1891.

New Orleans Abovelow-w»termark.MiMiiphls Above low-watermark.Naxhvllle Above low-water mark.Blireveport ..Above low-water mark.Vlfks'mrK Above low-water mark.

VoB. 17, '99.

rut.3 12-3111420-4

.Yog. 19. '91.

r*ti.8320201-724

CoTTOv MANtTFAcrriTUiNa AT Fat.l River in 1892,—In our

editorial columns this week will be found an article under the

above caption.

Jute Butts, Baooino, &c.—There has been little or nodemand for jute ba;?gin;.; during the week under review butquot.itions have be?n pretty well maintained. The closeto-niuht is at 5}4c. for 1% lbs., 5%c. for 2 lbs. and 6\ic. forstandard grades. Jute butts have ruled quiet but steady at13iic. for paiM>r grades and 2c. for bagging quality on the spot.

iKDiA Cotton Movbmbnt from all Ports.—The receii ts

and hipments of cotton at Bombay have been as follows forthe wees and year, bringing the figures down to Nov. 17.

BOMBAT BECEIPra AMD RHIPMBNT8 FOB FOUB TBABS.

SMpmentt tMs week. SMpmentt tinee Sept. 1. Xeeeipto.

Xitur GreatBriTn.

OotUi-neni. Total.

QrealBritain

Conti-nent. Total.

ThUWeek.

SinuSept. I

1893189118901889

3,000 3.000 3,0002.000; 2.000 3,0003,0)0 3,000 4.0002.000 2,000 13,000

51,00039,00024.00087,000

54.0004^,00028,00050,000

9.0008,00013,00023,000

43.00079,00/,71,00X

97,00JAccording to the foregoing Bombay appears to shoî

an increase compared with last year in the week's receipts o'

1,00c bales and an increase in shipments of 1,000 bales, andthe shipments since Sept. 1 show an increase of 13,000 balesThe movement at Calcutta, Madras, and other India ports (oi

Ote last reported week and since the 1st of September, for twcyears, haa been as follows. "OtherTuticorin. Kurrachee and Coconada.

ports ' cover Ceylon

SA^pmtntt tinee Sept. 1,

ereatBritain.

Conti-nent. Total.

GreatBritain. Continent. Total.

Oalontta—18921891

Kadrag—18921891

All others—18921891

2.0001,000

1,000

1,0001,000

1,000

3,0002,000

2.0002,000

11,00011,000

12,00015,000

3.0002,000

4.0006,000

15.00011,000

8,0004,00C

15 00Cn.ooc

27.00C26,00C

XbtalaU-18921891

2,000 2,000 4,000 2i,0001,000 1,000 2,000 28.000

22,00019,000

47,O0C47,00C

The above totals for the week show that the movement fromthe ports other than Bombay is 2,000 bales m yre than the sameweek last year. For the whole of India, therefore, the total

shipments since September 1, 1893, and for the correspondingperiods of the two previous years, are as follows:

BXPOBTS TO BDBOPB FBOM ALL IHDLA.

SMpmenttto all Europe

from—

1892. 1891. 1890.

TMttoeek.

SinceSept. 1.

Thitweek.

SinetSept. 1.

TMtvietk.

Sine*Sept. 1

BombayAll other porta.

3,000 54,0004,000 47,000

2,0002,000

42,00047,000

8,0001,000

23,00085,OOC

Total 7,000 101 000 4,000 89,000 4,000 83,000

Alexandria Receipts and Shipments.—Through arrange-ments we have made with Messrs. Davies, Benacni & Co., of

Liverpool and Alexandria, we now receive a weekly cable of

the movements of cotton at Alexandria, Egypt. The follovdniiare the receipts and shipments for the past week and (or thecorresponding week of the previous two years.

Alexatutria, Egvpt,yotfmbtr 16 1892. 1891. 1890.

Beoelpta (cantars*)....ThlBweok....Since Sept. 1.

370,0002,2:<6.000

260.0001,839,000

180,0001,677,000

TMtweek.

SinceSept. 1.

TMtweek.

SinetSept. 1.

IhUwfk.

BinetBtpL 1

rjwrtB (bales)-To LiverpoolTo Continent

31,0007,000

125.0005J,000

4.0005,000

103.00035,000

8,0004,000

101,00042000

Total Earope 41,000 175.000 9,000 143.000 12,000 143.000

A oantar In 98 poanaaThis statement shows that the receipts for the week dnoing

Nov. 18 were 870,000 cantars and the snipments to all Europe41,000 bales.

Hanohibtbr Harkrr.—Oar report r«oeir«d by oabia to-nichtfrom Manchester states that th« market is flrm for tiothyams and sliirtlngs. Production i« being oartailed. W*give' the prices for to-day below and leave those (ov prerloiMweeks of this and last year for oomparison;

d.Oo. 14 6>«

1893.

83« Cop.Tttitt.

d.

- •7!«

•• 88 6HNov. 4 6%" 1116»8

•7H•7%•8i«

8<« Ibl.

MMrtingt.

d. •. dse 7

1 96 9mse 93 ttS 98 vaioe 97

OotfnItld.UpUU

d.

1801.

83f 000.TwitC

*"isll

d.7H mT^t

7H •T't7«s •7%

8*« lb:MMrtingt.

».

»7•7•7•7

7««»77<«»7

d.

!>•l>t

(Mmvpui

d.4I«M

4S

IS.V

BVRoncAN Cotton ComnxFTioii for October —We havereceived to-day (Friday), by cable, Mr. Ellison's flgnres forOctober, th» first m mth of the new cotton soason. We havealso received the revised totals for last year and give themfor comparison. The spinners' takings in a«fual oales andpounds have been as follows:

In October. Great Britain. Continent. TOUU.

For 1803.TAklnfra by aplnnerg. . .bale*

A 'eraffe wol^bt of balea.Ibs

Takings In poanda ..,..

257,000479

123,103,000

19.5,000

46891,200,000

412,000474>4

214 3Aa nOA

For 1801.TaklnKS by Bpliuier8...balea

Average weight of bales-lba.

Taklnga in poanda

271,000477

129.00-.,000

184,000451

8i,te<,'v>o

455,000466-3

212.169,000

AocordiuK to the above, the average weight of the deliveriesin Great Britain is 479 pounds per bale in OctolK-r this Hea*5n,against 477 pounds during the same time lîst season. TheContinental deliveries average 468 pounds, against 4~>1 poundslast year, and for the whole of Europe the deliveries averago474'^ pounds per bale against 466'3 pounds last season. Ourdispatch also gives the full movement for this year and last

year in bales of 400 pounds.

In October. Creal Britain. Continent. Total.

For 1893.Splnnera' stock October 1...

Takings In October98.000

808,000333.000228,000

431,000536,000

405.000320.000

561,000343,000

967,000668.000Consumption 4 weeks

Biinnera' stock Nov. 1 86,000 213,000 299,000

For 1891.Splnnera' stock October 1..

.

Takings in October118,000

324,000326,000208,000

474,000530,000

470,000328,000

534.000348,0 ;o

1,004,000Consnmpti'.n 4 weeks 676.000

Spinners' stock Nov. 1 14?,000 186,000 333,000

The foregoing indicates that spinners' stocks are now 399,000bAl-s, against 828,000 bales last year. The cable further statesthat the average weekly rate of consumption in Glreat Britainfor October this year is stated by Mr. Ellison to have been7'^,000 bales. List year the weekly average was 82,iX)0 bales.

Continental spindles c msumed weekly this October 87,000b ilep, again-t 87,O(J0 bales a year ago.

East India Crop.—From the Bjmbay Prices Current ofOct. 15 we have the following

:

Bright, no sign of rain, was the tenor of the tolegrams received onMonday from tao cotton-gtowlu/i districtd ; and as no further r.ilo hadtiillon over any portion of the cotton are i since tli" middli of the pre-vious -veek. crop prosp<^cta hn 1 1'ontluuud to Improve In the Bengalciri'le the plants were showing bolLs at Agra, which were rapidly np-enlngut Bewar. where, however, the dewfail wa-* Innulflolent, while atCawnixire the crop was ready for picking. At Sagnorc, In the Oomracircle, the cotton crop was excellent, according to MoiiilHyV reports;Kl Kliangaiini an<l B;ir»cc, In the same circle, the plants were readyfor iilckim; in part'', and at Julg.ium the bolia on the plants worerapfjiy rlpeiiliig. The out-turn of the crop in the DliuUii diitrlutlsestl-matcd at V5 per cent. At Broach the plants wore tlourl'hlug In lea-sonablc weather, as they also were at Wadwan. parts of tlie Dholleradistrict, and at Bhownugger. In the Uhollera circle, the crop havlii( ahealthy api»carance at Wadwan. Yesterday's a*lviees by wire oon-flrmed the favorable news received at the beginuiug of the week as tothe seasonable weather and the iujprovemeut of the cotton cro,» gen-erally under Its iMlIoencc. no niore rain h.iviiic fallen anywhere naean-tlinc. The pi mts were ready for picking at C.iwui«)rc and Bewar. Inthe Ben>;al circle, anil picking liafl pardallv coumienecil at Khaagaom*Barsee and Dhiilla, in the Uomra circle, while in other parts of thesecircles the plants were showing bolls rapidly ripening.

Messrs. Lyon, Comber & Co. in their report of October 14say

!

Crop ncconnts continue aatiefactory. and now that the rains arei< over pro8|>eot8 are likely to continue favorable. From theI 1 lets improved reports nave some tn band lately, and re-< Mits iMiInt to a crop alwut the same as last year ; but owingto excessive ralu laat month a portion of the crop will be later tbaait was last season. In the Oomra and Khnnileish districts the weatherhas l>een very favorable all week, and as a result the agents in thevartooa districts continue to send more favorable reports of the srow-lug crop than were current a month ago. In the Dhollera andBbowiiuggerdistrlctsit is Just the same, and the recent Uno weatherhas improved prospect', wuich may now t>e oalle.l saU<fac(«ry. Bengalacooonts are also good, and picking will soon oommence In some ofthe earlier dlstriota : but. generally speaking, the crop will tie ratherlater 1

1

It is too early yet to give any delloite estimate ofthe oil I of the crop, but present prospects point to a gooddeal ui" ; :: coming to hand than we bad last season.

864 THE CHRONICLR [Vol. LV.

OOIIPAEA.TIVE POBT HEOKIPTS 4.ND DAILY OROP MOVEMENT—A comparison of tha port moveraent by weeks is not

accurate as the weeks in different years do not end on the

same day of the month. We have consequently added tQ our

Other standing tables a daily and monthly statement, that

the reader miy constantly have before hiin the data for

seeinc; the exact relative movemant for the years named.The monthly movemanta since September 1, 1S93, and In

prev.'ous years, have been as follows"

Monthly Tear Beginning September 1

Beceiptt 1892 1891. 1890. 1889. 1888. 1887.

Bept'mb'r

October.

.

405,3551,135,473

676,825l,532,42t>

732,236

1,365,231

561,7101,319,35H

332,0171,133,016

654,7761,213,404

Total

Pero'tage

receipts

1,540,823

ol tot. port

Oct. 31...

2,209,249

30'87

2,097,467

2999

1,831,06-

32-01

1,465,033

26-41

1,868,180

33-34

This statement shows that up to October 31 the receipts

at the ports this year were 663,431 bales less than in

1891 and 556,033 bales less than at the same time in 1890.

By adding to the totals to Ojt. 31 the daily receipts since

that tisne we shall be able to reaoh an exact coinpariaoa of

the movement for the different years.

1892.

1,540,82^1

1891. 1890. 1889. 1888. 1887.

To.Oot.3

1

2,209,249 2,097,467 l,831,06f 1,465,033 1,668,180

Ifov.l.... 40,456 8. 45,7(36 38,008 36.096 41,951

" 2.... 40,173 66,736 8. 44.468 56,520 37,030" 3.... 40,021 62,446 61,398 8. 40,552 41,293" 4.... 50,497 47,031 62,220 53,093 8. 50,241

" 5.... 43,595 4-,402 3-2,132 63,291 51,659 40,917'• 6.... S. 57,215 43,420 45,495 46,812 8.

" 7.... 51,722 4«,998 59,430 41,766 39.912 61,088•' 8.... 54,553 8. 45,782 49,02-.' 42,263 61,309" 9... 34,445 73,074 8. 43,025 47,89.^ 41,068•• 10... 29,755 73,467 56,112 8. 35,012 41,411" 11... 52,646 47,494 62,347 62,024 8. 55,807" 12... 33,063 49,073 35,158 49,806 4','~64 37,071' 13... 8. 55.562 37,984 49,135 47,790 8.

" 14... 4', 154 40,789 40,901 44,149 42,119 53,418- 15... 48,564 8. 43,473 4«,349 36,913 51,535" 16... 31,216 65,30,= 8. 42,625 56,471 48,316<' 17... 40,953 75,59:- 46,500 B. 35,732 34,725" 18... (0,816 43,82J 53,634 50,869 8. 54724

Total . . 2,211,45-: 3,C 66,261 2,824,284 2,613,193 2,127,841 2,625,161Peroentag6 of tota'

port reo'r ta Not. It 42-84 4039 44-47 3335 46-86

This statement shows that the receipts since Sept. 1 up toto-night are now 8J4,S07 bales less than they were to thesame day of the month in 1891 and o8-3,837 bales less thanthey were to the same day of the month in 1890. We add tothe table the percenta'jes of total port receipts which hadbeen received to November 18 in each of the years named.

The Exports of Cotton from New York this week show annorease compared with last week, the total roachint; 1.5,910bales, against 14,873 bales last week. Below we give ourusual table, showing the exports of cotton from New York,and the direction, for each of the last four weeks; also thetotal exports and direction since Sept. 1, 1892, and in the lastcolumn the total for the same period of the previous year.XPOBT8OF COTTON (BALES) FROM NBW TOttK SINCE SEPT. 1. 1892.

Exported to—

Week Ending-

Ocl.28.

Nov.4

Liverpool :10,174 12,368Otber Brltlali ports.. 2.91S| 3,134

Nov.11.

Nov.18.

Totalsince

Sept. 1.

3,09 i 9,8633,486, l,9b8

Tot. TO Gt. Bkh'n. 13,092 15,502 11,579 11,851

HavreOtber French ports..

Total Fr£nch

BremenHamburgOther poHs

Tot.toNo.Edropk

Spain, Italy, &cXll other

Total Spain, <to..

400

403

80,

1,475

1,555

700

foo

595

595

'.'.V.'.\""356'

l-'SJ l,679j

870

8,0

1,899500710

155

100

100

Grand Total.... 15,047 16,457

2,029 3,109

550120

670

80

80

14,873 15.910

118.31026,741

145,551

2,648

Sameperiod

previouiyear.

134,75522,489

157,244

10,757

2,843 10,757

5,072 12,9451,200 22,6727.684 20,719

56,336

7.261

13,9561

3.107459

3,566, 7.261

165.921' 231.598

Shipping News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached154,139 bales. So far as the Southern ports are concerned, thseeare the same exports reported by telegraph and published inthe Chronicle last Friday. With regard to New York weinclude the manifests of all vessels cleared up to Thursday.

New York—To Liverpool, per 8t<(amer8 Aaranla. 907 ° " " **'

N*ro ilo, 6,66) ...3t. Enoch, 1.222 ...-ilrlus. 1.06J .

To Hull, per steamora -Marohlnness, 383 ... Remus 200To Loailon, per ateamer Montezuma, 1,400To H ivr^ per steamor La Bretagno. 870

9,363538

1.100'<70

To Br«mpn, per steamers Sailer, 1,598 ...Trave, 301 ..II.. 1,399 '

Totat baleiTo Hamburg, per steamer Cremon. 500 , 5(ioTo Antwerp, per steamers Friealand, 360 Pennland, 3 50 710To Genoa, per steamer Kaiser Wilhi-lm It., 80 .... 80

Sew Orleans—To Livtirpiiol, per sUâmers Explorer, 3,632Navigator, 3,750 Texan, 6,480 13,862

To Havre, per steamers Benoroy, 5,600 Nlgretia, 6,283... Tantallon, 2,368 14,251

To Bremen, per steamers Abana, 7,800 8t, Oswald, 4,800....Toledo. 5.717 18,317

To Hamourg, per steamer GaUlcl.a, 3,400 3,400To Vera Cruz, per steamer Violaute, 1,027 1,027

9ALVESTON—To Liverpool, per steamers H. M. Pollock, 6,785... Roehampton, 4,855 11,640

Savannah- To Llyerpool, per steamer Lady Armstrong, 8,095upland and 500 Sea Island 8,595

To Havre, per steamer Ealsby, 6,307 upland aud 78 SeaIsland 6,385

To Genoa, per steamer Dalegarth, 6,301 6,341Brunswick-To Liverpool, per steamer Incbbarra, 12,000 12,000Charleston—To Liverpool per steamers Cambria, 5,845

Luclna, 7,416 13,291Norfolk—To Liverpool, per steamer Pocasset, 4,438... 4,433West PuInt-To Liverpool, per steamer Sieilla, 7.074 7,074Boston—To Liverpool, per steamers Bostonian, 2.018 Kan-

sas. 2,800. ...Palestiue, 1,632... Venetian, 3,917 10,367Baltimore—To Liverpool, per steamer Mentmore, 2,008 2,003

To Bremen, per steamer Stuttgart. 3,79i) 3,790To Rotterdam, per steamer Gliioagj. 227 227To Antwerp, per steamer RIalto, 600 600

Philadklphu— To Liverpo.il, per steamers British Prince, 500....Ohio, 106 606

Total

The particulars of these shipments, arrangedform, are as follows:

Hull Bremen Uotle--Liver- <fi Lon- <£• Ham- dam c£

pool. don. Havre. birg.Anlw'p. Genoa.

154,129

in our usual

»ewYork. "9,863 1,983 870 2,399V.Orleans. 13,862 14,25121,717

6,385

710 80

Silvestop. 11,61.0Savannah.. 8.595Bruna-wlelf. 12,000CJharlest'u. 13,231Norfolk.... 4,433êst Point 7,074Boston 10,367Baltimore. 2,008Philadel'a. 606

VeraOruz.

i;627

6,341

3,790 827

Total.15,91050.8.5711,64021,32112,00013,2914.i-i87,074

10,3676,625606

Total.... 93,744 1,933 21,506 27,906 1,537 6,421 1,027 154,129

Below we add the clearances this week of vessels carryingcotton from United States ports, bringing our data down tothe latest dates:

Galveston-To Liverpool -Nov. ll-Steamer Parkaeld. 6,484Nov. 12-S!eamer« Endeavor, 7,045; Moorgit-, 5.850: Noma,5,34.'i; Twlckeubam. 6.102; Wm. C. Mitchell. 4.620 ...Nov. 14-Steamer Dew.-daud", 5,034 ...Nov. 15—3team6r Bsndi, 9,723....Nov. 16-8teamer Avona. 7.59.'i.

To Havre -Nov. 10—3teain<!r Wevbrldê. 6,441.To Hremen-Nov. 16—Steamer Vala 4,385.

Sbw Orleans— To Llv^rpool-Nov. ll-Steamers Hugo, 4.702. P.iles-tlno, 5,000; Queensland. 5.100. ..Nl v. 15- Steamers Alava, 4.000;Crown of England, 5,438; Darien, 6,712; Vesta, 5,750; Wake-field, 4,200,

To Havre -Nov. 11 -Steamer Dunkeld. 6,930 Nov. 14 - SteamersArroyo, 8,900; Endeavour, 6.1 17... Nov. 15—Ste.t-oer Dora, 4,900

Mobile—To Liveroool—Nov. 12—Steamer Hellopes, 7.255.Pessacolv- To Liverpool Nov. 17-Stâ uer Ûo^tlâ. 7.610.Savann.vh-To Liverpool Nov. 11—Steamer Norfolk, 5,174.

To Bremen—Nov. 12 -Steamer Malabar. 4.341.To Amsttrdam- N v. 12 - Steamer Edinburgh, 1,900.To Lisbon -Nov. 12—.Steamer Ciown Prince, 1,500.To Barcelona -Njv. ll-Steamer Pcidor Prince, 3,575.To Oporto -N'lv. i:!— Steamer Crown Prince, 1,500.To Pasages-Nov. 12 -Steamer Crown Prince, 1,400.To Siilerno Nov. 15 Bark Themis, 1,700.

Brdnswick—To Dunkirk—Nov. 17—Steamer Coventry, 2.180.Charlkston— To Liverpo il -Nov. 12-Steamer Noithumbrla, 5,014....

Nov. 14 -Steamer Veotis, 5,856.To Bremen -Nov. ll-Steamer Falshaw, 5.300.To Barcelona -Nov. 16 -Steamer Naranja, 2,430.... Nov. 17—Steamer Frutera, 550.

Wiluinoton-To Liverpoil-Nov. 17 -Steamer HeaJlanda, 9,710....Nov. IS-St-amer Ormsby, 9,180.

To Bremen—Nov. ll-Steamer Calliope. 9,000.Norfolk— To Bremen -Nov. 11-SteauiHr R -stormel, 1,371Boston— To Liverpool —Nov. 3—Steamers Georgian, 4,066; Romaili

1,292. ..Nov. 11-SteamerCephalonla, 1,072.To Yarmouth -Nov. 15 -Steamer Bo<toa. 13,t.

Baltimore— To Liveroooi-Nov. 10 -Steamer Baltimore, 3,531.To L-mdon-.Vov. IJ-Stea-ner British Q leeu, 1,003.To Havre—Nov 11 -Stan r G jvlao, 715.T.I Hamburg—Nov 12—Steamer stubbenhuk, 1,050.To Rotterdam—Nov. 5—Steamer Palapsco, 341

.

Below we give all news received to date of disasters to

vessels carrying cotton from United States ports, &c.

:

Ohio, steamc (Br.), from Baltimore for Rotterdam, went aground atMaasluis. but after partly discharging her cargo she iloaced.

Cotton freights the past week have been as follows:

.Sfofur.

Liverpool, steam.d "e

Do d.\ ....

Hiivre, steam. ..rf. 'aait'ie

Do d.

Bremen, steam.. rf.

Do d.

Hamburg, steamci.

Do d.

Ams'dam, steam.e.

Reval, steam ...d.

Do d.

B'lona,via M'sl's d.

Genoa, steam... rf.|

Trieste.V. Lond'n d.

Antwerp, steam. (*

Do *

^18

35"

H'16

I

'»2

Hon. Tuet. Wednee. Thuri.

H >« <«

h» 'l8 '18

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

S18 'is »18

.... ...• ....

"33 632 'aa

.... ...• ....

35* 35* 35*

FH.

35*

TsaSH ''s»3H ha^^ ''sa®'*

'^*! "« I "^ ! M

'l8«"84 'll.®!'.* 'l6'»"84 'l(.»'3g^

hi'

35*

3ig3l3g4

* Cents per 100 lbs.

NOVEMBKR 19, 1892.J THE CHRONICLE. 665

Liverpool.—By cable tro-jo. LivoroDol wo have the followingtatoment of the week's nxlm, sto.iki, &<;., at that port:

Oct. 38. Not. 4. Nov. 11. Nov. 18

BklM of ths week baloa.

or which oiiM>rters took ..

Of wlilrh simcalators took

.

Balee Aitirrloan. ....... .......Actual export. ........ ........Forwar<U^MTotal stoik— KitlmatertOf whloli AmiTlnan—Eatlm'd

Total liuiKiri of thu weak....Of whiob Amorloan

Amnant afloatOf wMoh Amerloan. ..<....

57,0002,7001.000

49,0004.000

66,000,007,000851,0004H.0OO38,TOO

28.^,000275,000

40.0001.4001,000

32,0008,000

57,0001,075,000917.000131,000116,000285,000875,000

70,0003,0005,300

55,0008,000

61.000,117,00006.>,04)0111,000100.00021H,0<)0210,000

91,0006,(H>0

3.1,00058.0006.000

71,1*00,1(13,000, 106,0001 iS.OOO100.000.100,000300,000

Tlie tone of the Liverpool mirket tor spots anl futures eachday of the week ending Nov. 18, and the daily closing price?

of spot cotton, have been aa follows:

Spot. 'Saturday Uonetay. ' Tue*day.\ Wtdnet. ThuruPy. rriday

Market,(

1:45 F. M.{

lfld.Upl-d8.

Biklee

Bpeo. Aexp.

SmalliDQulrr.

4I3i«

7,000SOO

In barer*'favor.

4l»,a

8,0001,000

Steadier.

1"18

10,0001,0)0

Hnog

4l'ii

11.0003,000

Fairdemand.

5

11, MX)3,000

Irresnlar

415,8

8.0002,0)0

Futures.

Market,1:45 p. M.

Market,4 P.M.

BasTat8Mas-Mdeollne.

Quiet and(taadj.

Steady at1.MA3.Madvance.

BarelT•t«ulr.

Bteadjr at

rirm.

PIrm at

adranoa

StaadT.

Firm at8-04 ad.Tanoa.

Qnlal.

Irre«. atStoS p'tsdeollne.

Steady.

Tlie opening, highest, lowest and closing prices of futuresat Liverpool for each day are given below. Prices are onthe basis of Uplands, Low Middling clause, unless otherwisestated:

m^- iM prieei are i/iven in pence and 6KA.4 33-64(i.. and 5 01 meant 5 1 '64<i.

TKu$ : 4 63 mea n»

Movember..HOT.-Deo...

Secjan....Jan.-Feb...Mb.-Moli...Moh.-AprllAprU-Mar..Mar.Jane..Jti]>*.JalT.

Jnlr-AOK.-.

Anc.'Sept.

.

8at., Nov. 13.

Open H<gk Low. Olo«.

d.

4 60151)

ISO158156tS7159lei500

d. iL

1 SO 1 SO

1 50 1 so

1 51 1 60

1 53 i 62

1 55 1 56

1 57 4 57

1 eO 1 50

1 62 1 «1

600 SOO

d.

1501601511681551571601625 00

Btan., Not. 14.

0p4n HtQh how.

i.

117117

d. d.

117 lis1 17 1 18

1 18 1 18 ' 1 17

1 60 1 50 1 IS

1 52 1 52 1 51

1 51I

1 5S 1 63

1 66 1 67 1 60

159 158 168161 162 161

Olof.

d.

117117lis1501521611661694 62

Taee.. Nev 1

3

Open SiQh\Low. Oloi

16115116215116616S161les»oi

d.

163153161156158160162601603

d.

1511611521511561681611635 01

(f.

1531531511661(8leo1626 01

6 03

Wed., Mot. 16.

0pm Higk Low. Clot.

KoTember..IIOT.-Deo...

I>ao..Jan-..

Jan.-Feb...

reb.-Heli...

Mch.-Apm.April-Hay..

Mar-June.

.

Jmne.Jnly.

.

t-alj-Ang...

Aii(.-Sept..

4.

16715715715«1626 00

5 02

5 01

6 07

d.

158loS1684601625 01

5 03

506508

d.

1571571571691626005 02

6015 0'cl

4.

1581-68

158leo1636 01

6 03

6 05

608

Thnre., Not. 17.

Op<n B^g^\Low. Oku.

d.

160160

d.

1611 61 I 1 58

1 eiI

1 61 1 59

1 63 1 63 1 61

6 01 6 01

d. d.

1 68 1 59I

159169

5 03 5015 05 1 6 06

6 OS 6 08

1611 68

I

1 63

6 01 5 02

6 03 6 01

6 06 606610 6 10 6 08 5 09

Fri., Not. 18.

Opm\Btth Low.] OUu

d.

1511511511661681601625 01

603

d.

1511511511561681611636 01

601

d.

138

52 1 53

61 1 55

57 1 57

69 16961 1<263 60002 602

BREADS TUFFS.Fbidat, November 18, 1892.

There has been no improvement to the demand for flour^

and prices are weak, and it is quite probable that moderate

concessions could be obta ined on a good-siz- d order. Corn

meal has been moderately active and firm for choice stock

but low grades have been dull and steady. To-day the market

for flour was quiet. Com meal was firm but quiet.

The speculation in wheat has been dull and prices have

weakened to a moderate extent under weaker foreign advices^

a continued free crop movement in the Northwest and large

increases in the available supply. The spot market has been

fairly active and comparatively firm, shippers being moderate

buyers. The sales yesterday included Nc, 2 hard winter at

V^'c. under December delivered ; No. 8 red winter at December

price f. o. b. and ungraded red winterat74J^976%c. To-day,

however, the market was more active and higher on a report

that Russia intends to establiRh an export duty on wheat.

The spot market was firm but quiet. Sales included No. 3

sp»ing at 4'^c. under Decem'rer delivered and ungraded r<:d

winter at 74(377c.

XoTMDber dellTerr «. 76>«OeMmbsr daUTM7 e. 77>«Jaiiiiarjr dellrary o. 78*iUitrob ilellTery o. SfsWar dollTerr o. 84>4

DAUr otoano raioM or no. t uo wvmm mfait.gal. Men. Am* ITect. n«re fH

7»«i 76't 7e«i 77i«77 7610 79H 76% 7117H\ riH 7Sl« 7-^1 79<t81 \ 807, gm Hm g2>a84 >• 83• MS B3H 84%

Indian cum futures have been quiet and prlC4>a weakened atrifle under selling by the West and In tympathy with theweaker feeling in wheat. In the spot market liipix-r't harebeen fair buveis an<l prices have ruled about st'-aly. Thesales yesterday included No. 2 mixed at 50^'4Afi^>:. in ele-vator and 6t>^^Sl^g(\ delivered. No. 3 white at file, deiireredand yellow at 50j5c, in elevator. The mark'-t to-dny was<|uiet, but prices aavanced, reflecting the improvement inwheat. In the spot market there wai a moderate bO'lncMdone at full prices, and sales includi><l No. 2 mixed at 00,^^50J^c. in elevator and 51}^ -fSl'ô. d-livered; also No. 2 whiteat lo, over IXcemlK'r, delivered.

DAILT 0U>SaiO PBIOI

gal.XoTOmbcr delivery o. 50^'lecemlier titUverj .....o. 51January delivery o. 61Ûajr delivery «. B3>4

s or >o. 3 Hixao ooaii.

Man. Tutt. Wed. Thure. 9r*.50 49^ 50>s 50 50>s50% 50>4 50''( 50>a 5151%i A0% 5m 51>4 61>»BS^s S3>« 53>4 52''s 53*«

Oats have been quiet and prices have declined slightly, fol-

lowing the weaker drift of values in wheat and corn. Themarket to-day was dull, but prices advanced, following othercereal markets.

DAILT OU>SIHO PBIOCS Or HO. 2 MIXBD OAT*.Bat. Hon. Tuet. Wed. TAuri. TH.

HOToniber delivery o. 36 .... 35>* 35% 35>s 85%OtreemberdeUvery o. 36>« 86>s 36>4 3fl>« 36>4 36isJanuary delivery o. 37»8 87ag 37>« S7% 37i« 37%WaydeUvery o. 41>« 40% 40% 407) 10% 41%Rye is without change and dull. Barley has been in slow

demand, but steady.The following are closing quotations :

FU>DB.Patent, winter 93 85^*4 35Cltymllla extras. ... 4 10 4 20

rtno 9 bbl. Jl 70»$2 00tnperfine 1 809 2 15Sxtra, No. 2 1 95« 2 25Sxtra,No.l 2259 300neais 2 8.") » 3 35straights 3 109 4 20?atent, sprln?. 4 20 9 150[Wlieat flour In sacks sells at prices below tbose for barrels.]

OBIIN.

Rye flour, auperUne.. 3 159 3 45Vine ....9 ....

Com meal—We«teni,*c 2 8092»)Brandywlne 3 00

W eat— c. 0.

Spring. t)«r bush... 70 • 85Red winter No 3.. 76% 9 7

a

Red winter 67 9 81White 70 9 80

Oitu—Mixed..* bu. 35 "49 38Wblte 39149 46««No. 2 mixed 35%9 36%No. 2 white 40 9 41

Oom, per bush.-Weet'n mixed .

.

Steamer No 2...

Western yellow ..

WoBtem whileRye-western, per buflb.State and Jprsey..

Barley—No.2We«t'n.

. 47

48

56567d

53

64"

53

606080

The movement of breadstuffs to market is indicated in thestatement below, prepared by us from the figures of the NewYork Produce Exchange. We first give the receipts atWestern lake and river ports, arranged so as to present thecomparative movement for the weekending Nor. 12, 1892,and since August 1, for each of the last three years:

fteeeÛat-

Chloaco

Ullwaakee...

Daluth.

UlnneapoUa.

Toledo

Detroit

Cleveland-..

St.Lonls.....

Peoria.

Tot.wk, '92.

Same wk.^)!.

Same wk,'90.

Since Aug. 1.

1892

1891... .

1880

flour.

8M<.190Um111,631

ss.ma106,

i,56<;

1.92

6.050

SLSon8,750

332,235

356.185

262,975

6,266.453

3,832,1158

8.081.871

Wheat.

Biull.60 Uu1,706,12

454,250

1.^20,3 19

1,991.200

268,100

119,312

22.6U855,000

11,350

6,4S1.581

7,790,400

3,831,372

118,899,881

106,705,1

»

4i.flii5.o;o

Com.

Buth.biUMl,St9,29<j

9,28'}

2i,700

20,2m10.219

110.130

129,200

1.651.115

1,101 030

1,113,302

11.366,906

80,152,092

31.341.024

OaU.

ButK.S2 U»1,217,783

150,000

S,l.>

22,086

6«,S7U

H0,03221,100

1,791,07.

2,535,15-'

1,782,»4B

11,602.IS.''

88,60t.n)l

86.050,53

Barley.

BiuMSlM660,330

157,90.1

8,000

61,511

13,60)

102.90>

16,000

1,330,011

1,228.616

1,183,855

Rue.

BuM tbt.

213,01&

13,410

10,600

11,800

11.100

S19,7S5

126,190

9t,«9S

U.077,212 1.218,991

12,838,V)l 10,111.507

15,140,7381 1,710.180

The receii

<veek endect

At—New York...Boston. .

.

Montreal ...Philadelphia.Baltimore ...

Richmond . .

.

Hew Orleans.

its of flour and grain at the seaboard ports for theNov. 12, 1892, foUow:flour, Wheat,bblt. btuk.

189,757 1,62'>,55073,iU2 123.63516,2:J67.',t>9r

75,0312, '..SO

16,«67

401,903492,«9d2J3.8"92.5.718183,336

Corn,btuh.

216,700225,390

400217,683117,702

5.77023,791

Oats, Barley,b>t*h. both.

715,352 167.400178,357 _7,72553,15361,12'J28,2162.11317,310

21,91710,100

Kye,buth

3'i,7002,30030ft

3,10010,611

300

Tot week..445,lS0 3,060,227 8 17,418 1,055,68 1 307,472Week 1891 4)3,317 3.003,879 617,963 1,229,037 593,»71

.%4.617323,91

1

Below are the ra I shipments of fl >ur and grain fromWestern lake and river ports for four years:

1892.Week

Nor. 1230 .',819noor.. .bbls.

1891.Week

y>e. 11274,617

1890.Week

Not. 15254,310

1880.Week

Not. 16.275.207

1.212.731517,915

I.S.SH.ISS299,11!191,660

717.523620.992

1,631,450389,16577,020

818.511499,06699J,763430.19184.796

Wbeat bosh. 846.743Corn 386,70-tOata 1,329,076Barley 354.403Rye 138,593

Total 2,955,527 4,1 38,33 j 3,326,15) 2,832,327

The exports from the several seaboard ports for the weekending Nov, 12, 1392, are shown in the annexed statement:

866 THE CHROJSICLE. [Vol. LV.

Exportsfrom—

NewYorkBoston. .

.

Norfolk..MontrealPWladel

.

Baltim'reN. Orl'ns.N. News.

.

Biolim'ud

Tot. weekS'me time1891

Wheal.

Bush.926,14733,977

154,01.'528-',421100,002255,200

1,737,762

2,974,212

Corn.

Buih.469,48963,708

186, 84<156,93453,935

930,956

502,883

Flour.

Bbls.81,58250,835

8.28 J

29,73o33,060

771

204,267

297,70*

Oals.

Bush.8,330

52,856

19,874

300

81,410

368,' 63

Rye.

Bush.17,89'3

17,896

317,332

Peas.

Bush.10,166

26,078

36.244

397,263

The visible supply of graia, comprisiag tUe stocksm granary

at the principal points of accumulation at lake and seaboard

ports, Nov. 13, 1893:TTr,....< Corn,

bush.1,370,000

69,00012,000

794,0006,840,000

9,000

Wheat,In store at— bush.

New York 15,288,000Do afloat.... 231,000

AlbanyBuffalo 3,577,000Chicago 10,328,000Milwaukee 1,859,000Duluth 7,277,000Toledo 3,542,000Detroit 1,196,000St. Louis 6,591,000Do afloat.... 15,000

ClnclnnaU 7,000Boston 236,000Toronto 133,000Montreal 449,000Philadelphia.... 1,986,000Peoria 126,000Indianapolis.... 523,000Kansas City.... 2,075,000Baltimore 2,253,000Minneapolis.... 6,790,000On Mississippi.. 15,000On lakes 1,637,000On canal & river 1,073,000

Oats,bush.

3,136,00035,00039,000

492,0002,364,000

72,000

Rye,bush.

102,0008,00014,00043,000

431,000133,000

Barley,bush,12,00042,0008,000

714,000183,000282,000

233,00037,00081,000

'

'slobo430,000

'17,000271,000150,00073,000151,000319,000

8,00018,000

1,09«,0001,124,000

102,00024,000

343,000

"'s'.obo28,0003,000

357,00090,000

175,000107,000185,000115,000

116,00017,00049,000

12',006

1,000

33,O0'6

83,00039,000

119,00010,00042,00074,000

"6',00043,0001,000

101,00078,000

89,000 191,0001,000

284,000 62,000 681,000144,000 16,000 28^,000

Tot. Nov.12,'92.67,205,000 13,113,000Tot. Nov. 5. '92.64,717,000 13,281,000Tot. Nov.ll,'91. 38,823,513 1,805,633Tot. Nov. 15,'90. 23,197,212 5,658,607Tot. Nov.16,'89. 23, 101,773 6,091,065

For Exports of BreadstufTs

8,195,000 1,260,000 2,762.0008,255,000 1,276,000 2,183,0004,173,825 2,460,788 3,295,0293,971,235 685,935 4,765,3346,235.217 1,176,154 2,718,550from^the United States lor

October, and lour months, see paire S39.

THE DRY GOODS TRADE.New York, Friday, P. M., November IS. 1892.

Whatever may be the effect of the Democratic victory in

other departments of the dry goods trade it has neitherchecked the demand for nor the upvs'ard movement in prices

of staple cotton goods. This week there has baen a largenumber of buyers in the market whose attention has beengiven mostly to brown, bleached and colored cottons, withthe result that agents have booked numerous orders, many of

considerable magnitude, for future delivery, while stock?,

where carried, have undergone a course of depletion very grat-ifying to holders. All the leading makes are sold ahead for

some months to come and other styles occupying a secondaryposition are better conditioned than for a long time past.

Buyers show no traces of late hesitation. They haveapparently made up their minds that they haveseen the lowest prices in all staple lines forthis and next season certainly, if not for a longer perio 1, andare acting as though they were apprehensive of still furtheradvances. The relative position of supply and demand makesthe situation strong on its own merits, even if it were notfurther backed up by the activity and rapid rise in the mar-ket for raw material. Outside of the class of goods referredto there is no activity, however. It is still too early for anextended business in spring prints, ginghams and similar fab-rics are quiet, and trade in the woolen departments slow,liocal jobbers are still inactive in all branches except holidaylines, but an improving business is reported in other jobbingcentres, although the open character of the season so far is asubject of complaint. Collections coniuue generally satis-factory.

DOMBSTic Cotton Goods.—The exports of cotton goodsfrom this port for the week ending November 15 were 4,616packages, valued at §371,034, their destination being to thepoints specified in the table below:

Nbw Yohk to Nov. 15.

Great BritainOther European.

.

ChinaIndiaArabiaAfricaWest IndiesMexicoCentral America.

.

fiouth America...•Other countries. .

.

TotalChina, via Vancouver..

Total 4,616

1892.

Week. Sinee Jan. 1.

330120717150

1,07562

31226

1491,594

81

4,616

5,2801,592

69,9725,880

13,7507,04714,7173,0785,691

42,9762,565

172,55118,120

190,671

1891.

Week. Since Jan. 1.

6812130220290

921471

3111,017

16

2,388

2,388

4,0771,445

108,2018,641

12,3884,724

12,4903,4677,866

31,8212,408

197,53123,301

220,832* From New England mill points direct.

The value of the New York exports since January 1 havebeen $8,878,333 in 1893 against 110,398,377 in 1891.

All staple lines of cotton goods of the brown, bleaclied,dyed and colored order haye ruled very strong, and numerousadvances ranging from 1-^0. to ^c. per yard have been re-

1891. 1890.X'ov. 14. iYoo. 15.201,000 231,000370,000 577,000

None. None.

corded. These have mainly been in lines not hitherto moved,but in some instances they show a further rise in some lead-ing makes previously advanced and further sold ahead on thahigher range of values. An idea of the general character ofthe upward movement is conveyed by the fact that this week'schanges include brown sheetings, drillo, bleached shirtings,cambric muslins, wide sheetings, kid-finished cambrics,silesias, jeans, denims, checks, stripes, cottoaades, camletjeans, cheviots, ducks and plaids. Staple and solid colorprints also show a hardening tendency, some having advancedSlightly and others baing held "at value," while the Amos-keag staple ginghams have been raised 2^£ per cent. Asstated above, business in new season fancy prints has notopened up yet, and the price of these is still a debatablepoint; but it would be no surprise to buyers to fini themdearer, either by the shortening of discounts or an actual ad-vance in quotations. Print cloths have male a further ad-vance, 64 squares bein? up 1-163. to 3 13-18o., aid 56x53s iô.

to 31^0. The price for 64 square ! is bid at the close withsellers quite indiffi-jrent and the tone very strong.

1392.Stock of Print Cloths- Ifov. 12.

Held by Provldenoe manufaotorers. None.Fall River manutaoturers None.Outside speculators (est.) None.

Total stock (pieces) None. 571,000 853,000

Domestic Woolens.—The dull interval previously referred

to has been prolonged throughout thepast week, and new busi-

ness has run within restricted limits in all lines of men's- wearwoolen and worsted trouserings and suitings, whether ieavy-weights or for spring trade. Agents report an increase incancellations of orders for the.latter, with a disposition to

attribute it to the result of the elections, but there do not ap-pear to be any definite grounds for such an assumption.Business in overcoatings has taken a voider range, as a num-ber of new lines have been put upon the mirket, and fair

orders have been recorded for beavers, kerseys, friezes andchinchillas, particularly the first two named. Spring cloak-

Ings were also in fair request; satinets, cotton warps and doe-skins jeani continue dull. Woolen and worsted dress goodshave ruled quiet throughout. Spot goods are in slow request,

and spring orders for the first round of deliveries are mostlyall placed.

FOREION Dry Goods.—Badness 'n this department has im-proved during the week in all lines suitable for the holidaytrade, to which buyers for immediate delivery are chiefly

confining their attention. Besides these, stapl-^s in fine woolenfabrics and silk materials have been purchased to a moderateextent, while seasonable fancies have ruled dull anl irregular.

There has been but little doing for spring trade pending the

arrival of new supplies. Any probable tariff changes are

regarded as too far off to affect the present or the immediatefuture of this market.

Importations of Dry Goods.The importations of dry goods at this port for the week

ending Nov. 17, and since Jan. 1, 1893, and the same facts for

the corresponding periods of last year are as follows:

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November 19, 1893.] '.THE CHRONICLE. 867

BtATt AWD City DtfAHTMti^T,TERMS OF SUBSCRIPTION.

Commercial and Financial CHRONICLE con-

tains 40 to 64 pages published every week.

State and City Supplement of CHRONICLE con-

tains 1^0 pages published several times each year,

InvcHtom' <>iipplcmont of CHRONICLE (a Cyclo-

ptedia of Railroad Securities) contains 100 pages published

every other month. ^^_^_^^

Subscription to CHRONICLE for one year $10.00,

which includes every issue of both Supplements.

The purpose of this State and City DepartmentIs to furnish our subscribers with a weekly addition to andcontinuation of the STATE AND CiTT SUPPLEMENT. In other

words, with the new facts we phall 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 Chbonicle can

be found, he will at all times possess a complete and fresh

cyclopaedia of information respecting Municipal Debts,

INDEBTEDNESS AND VALUATION OFCALIFORNIA CO UNTIES.

The valuation and indebtedness of each county in

the State of California has been reported for the yesr

1893, and the returns made to State Comptroller E. P.

Colgan show that the total value of all property in Cali-

fornia is at present $1,275,816,228. This total is madeup of the following items : Real estate, $797,221,036 ;

improvements on real estate, $249,630,321 ;personal

property, including money, $187,008,874, and railroad

«3ses3ment, $41,956,000. The State's assessed valua-

tion in 1891 was $1,239,647,063, and the increase for

the past year is $36,169,165.

During the same period the aggregate Indebtedness

of all the California counties has been cut down from

$6,833,289 in 1891 to $6,256,301 in 1892, the decrease

being $576,988. In 1889 the total indebtedness of the

counties was $7,285,826, and the amount of the

decrease for the past three years is $1,029,524.

We give below a short financial statement for each

<3onnty in California, all the figures being taken from

the State Comptroller's report for 1892. The tax rate

in each case is that levied upon property outside the

limits of incorporated cities and towns, and it includes

a road tax, from which property inside of cities and

towns is exempt. The city and county of San Fran-

cisco are under the same government, and the debt of

the county, as reported below, includes that incurred

for city purposes. A similar statement giving the

returns for the year 1891 was published in the Chrok-

ICLE, vol. 54, page 535, and it may be found interest-

ing at present for the purpose of comparison.

The details of the bonds issued by many of these

counties will be found in our Statb and City Sup-

plement.indebtedness and valuation by counties.

AI.AMEDA County.—The county seat is Odkiand.Bonded debt 1892 $40,000 I Tax rate (per $1 ,000) fll'OOFloatlDK debt 6,42.'5 Popiilatluu In 1890 was 93,864Tax valuation 1892. ...91,000,897 | Population lu 1880 was.. ..^2,976

Alpi.ne County.—^The county s'»at is Markleeville.

rioatlii)? debt 1892 «21.642 I Tax rate (per «il.00O».. $28-00Tax viiluaiion 1892 269,494 | Populatiou In 1890 WM.... 667

AMAIX3R County.—The county seat is Jackson. This coimtyhas no debt.

Tax valuation 1892. ...$4,143,312 I Tax rate (per $1,000) $20 00Tax valuation 1891..., 4,263,570 | Population in 1890 was. ...10,320

BtTTK County.—The county Is Orovllle.I t 1803 $S1,<K)0

I

Tr.i rain (pur $1.000) tl 1 001 I't I,2.V> I'lipiiliillooln 19«OWM....I7.1>atl.i- .1. iLlun 1893. ...19,104.974

IPopulaUon In 1»«0 ••«..,. li.Tal

Calavbbas County.—The county sect is Sun AndrMa.n.xiil.Ml .1.0.1 1803 $17,400I >>t 10,464I on 1803 4,256,898

This coantjr

Tax raUi (i><<r $1,000) %WiPopuUtliill 111 ItOOWM.... M'Population In H-<Owa«..... 9,0

( ui.isA County,—The county seat is Colum.has no debt.

Tax valnation 1893... $18,300,320 |Popnintinn In 1890 WM 14,945

Tax rate (p«r $1,000). 12-00 I Popiilitiloii in 1880 wa* 18,11$

Contra Costa County.—The county st-at is Martinex.Bonded debt 1802 $4,000 j Tax rate (per $1,000) $13-00Tax valuation 1802 ...I9,63e,30'< | Population In 18B0 WM is.SlS

Del Nortb County.—The county seat is Creacent City.

Bondeddebt 1803 $7,200 I Tax rata (p«r $1,000) $1500riuatlUK debt 3,317 Population In 18U0 wan.... V,9»$Tax valuation 1893 3,218,327 I Population In 1880 waa.... 2,3-.4

El Dorado County.—The county seat is Placerville.

Bondeddebt 1893 $157,000 I Tax rate (per $1.000) $20-00Tax valuation 1&93 3,aeO,8&.5 | Population In 1800 wis 9,333

Fresno County.—The county seat is Fresno City.

Bonded debt 1892 $95,000 I Tax rata (per $1,000) «13'30Tax valuation 1893. .. .41,434,267 | Population In 1890 WM....32,030Glenn County.—The county seat is Willow.

FIoatliiK debt 1892 $17..^91 I Tax rato (per $1,000) $13-$0Tax vuluatlou 1892. ... 12,U2.'^,U2 | Populatiou In 18B0WMHumboldt County.—The county seat is Eureka.

Bonded debt 1802 $74,000 | Tax rate (per «1,000) $16-00Tax valuation 1802.. .. 13,01l,'.237 | Population In 1890 was....23,400

Inyo County.—The county seat is Independence.Bondeddebt 1892 $66,741 1 Tax rate (p«r $1,000) $20-00Flouting debt 4,110 Population In 1300 was.... 3,544Tax valuation 1892 1,513,532 I

Population lu 1880 was.... 2,923

Kbrn County.—Bakersfield is the county so it.

Bonded debt 1802 $20,000 I Tax rate (jier $1,000) $14-50Tax valuation 1302. ...13,329.061 1 Population In 1800 wan.... 0,808

Lake County.—The county seat is Lakepoit.

Bonded debt 1892 $47,800 i Tax rate (i)cr$l.0O0) $16-50Tux valuation 1892 3,874,062 | Populailou lu 1890 was 7,101

Lasses County.—The county seat is Susanville. Thiscounty has no dvbt.

Tax valuation 1892. ...$2,852,156 I Population In 1890 was 4,239Tax rate (per $1,000).. 13-00

| Population In 1880 was 3,340

Los Anoeles County.—The county seat is Los Angeles.

Bondeddebt 1892 $1,011,500 I Tax rate (per $1,000) $14-50Tax valuation 1892. ...82.839,024 |

Population In 1H90 was. ..101,454

Marin Cou.sty.—The county seat is San Rafael.

Bondeddebt 1892 $271,000 ' Tax rate (per $1,000) $12-50FloatluiT debt 2,100 Populatlonin 1890 was 13,073Tax valuation 1802. ... 12,452,622 | Population In 1880 WM 11.324

Mariposa Cou.vty.-The county seat is Mariposa. Thiscounty has no debt.

Tax valuation 1892 ...$1,807,705 I Popul.-»tlon In 1990 wM 3,797Tax rate (per $1,0U0).. $24 00 | Population In 1880 was 4,339

Mendocino County.—The county seat is Ukiah.

Bonded debt 1892 $112,000 I Tax rate (per $1.000) $1503Tax valuation 1S92.... 12,203,057 | Population In 1390 wM 17,012

Merced County.—The county seat is Merced.

Bonded debt 1892 $1'28,900 I Tax rate (per $1.000) $13 50Tax valuation 1892 15,770,660 j Population in 1890 WM.... 8,036

MODOC County.—The county seat is Altura<>.

Floating debt 1892 $860 |Tax rate (i er $1,000) $15 50

Tax valuation 1892 3,205,682 | Population lu 1890 was 4,98i

Mono County,—The county seat is Bridgeport.

Bondeddebt 1892 $15,000 1 Tax rate (per $1.000) $22-50Taxvaluatlon 1892 903,971 1 Population lu 1890 was.... 2,002

Monterey County.—The county seat is Salinas.

Bonded debt 1892 $170,000 I Tax rate (per $1,000) $12-50Tax valuation 1892. ... 18,268,780 |

Population in 1890 was....18,637

Napa County.—The county seat is Napa City.

Bonded debt 1892 $96,000 I Tax rate (per $1,000) $13-00Tax valuation 1892. ...14,721,017 | Population iu 1890 was. ...16,411

Nevada County.—The county seat is Nevada City.

Bonded debt 1892 $7,000 I Tax rate (per $1,000) $24 50Tax valuation 1302 5,847,974 | Population In 1390 w»g....l7,3e!>

Oranoe County,—The county seat is Santa Ana. This

county has no debt.Tax valuation 1892...$10,060,190 j

Population In 1890 WM... .13,589Tax rate (per $1,000). 13-00 | Population In 1830 was....

Placer County.—The county seat is .Vubum.Floating debt 1892 $2,118 I Tax rate dier $1,000) $17-00Tax valuation 1892 10,275,060 | Populatiou lu 1890 was 15,101

Plumas County.—The county seat is Qtuncy.

Bondeddebt 1892 $46,200 I Tax rate (per $1,000) •2*'$2Tax valuation 1S92 2,-272,251 1 Populatiou In 1800 wm.... 4,933

Sacramento County.—The county seat is Sacramento.

HDuded debt 1802 $6«0..50O I Tax rate dwr $1,000) *\*S!fFlo itlnif (li-bt 2,'.:'!4 Population in 1b90 WM 40,33WTux valuation 1 892.... 34,375, 159 |

Population In 1880 wm....94,390

San Benito County.—The county seat is HoUister.

Bonded debt 1892 $32,000 i Tax rate (per $1.000) t'*'?®FloatlUK debt 9,250 Populatton In 1800 wm .... 0.412

,

Tax valuation 1892 6,318.775 |

San Bernardino County.—The county aeat is San Ber-

nardioo.Bonded debt 1892 $15,987 I Tax rate (per •IjOOO) Ji«;22Tax valuation 1892... 26,761,114 | Population In 189J wm.. ..25,497

San Dikoo County.-The coimty seat is San Diego.

BondMl deirt 1892 $36'>,0D0 I Tax rale (per $1.000)Jl*'**

TaxvaloaUon 1392....29,1«!J,808 IPopulation In 1890 wm... .34,9*7


San Francisco County.—The county seat is San Francisco.

Bonded debt 1892 $1,120,000 I Tax rate (per $1,000) -*14 3iTax valuation 1892. ..412,158,906 I

I'opulation in 1890 was. ..298,997

San Joaquin County.—The county seat is Stockton.

Bonded debt 1892 $235,000 I Tax rate (per $1,00 » '?,y>„^0Tax valuation 1892.. ..39,929,385 |

Fopolation m 18J0 was 28,629

San Luis Obispo County.—The county seat is San Luis

Obispo.

Bonded debt 1892 $153,000 I Tax rate Cper $1.000)f12-50

Tax valuation 1892... .15,278,939 1 Population in 1890 was. ...16,072

San Mateo County.—The county seat is Redwood City.

Bonded debt 1892 $78,000 I Tax rate (per .$1,000) Jll'SSTax valuation 1892.... 16,264 ,679 |

Population in 1890 was. ...10,087

Santa Barbara County.—Tue county seat is Santa B.ir-

bara.

Bonded debt 1892 $6,"00 I Tax rate (per ?1,»00) $1 1-00

Tax valuation 1S92...17,070,1d4 IPopuliition in 1890 was ...15,754

Santa Clara County.-The couny seat is San Jose.

Bonded debt 1892 $212,000 I Tax rate (per $1,000) $11-50

Tax valuation 1892....54,8 12,088 |Population in 1890 was....48,005

Santa Chuz County.—The county seat is Santa Cruz.

Bonded debt 1892 $136,000 I Tax rate (per $1,000) $1600Tax valuation 1892... .12,313,231 1 Popul ition in 1890 was... .19,270

Shasta County.—The county seat is Shasta.

Bonded debt 1892 $85,000Floating debt Il,4-i6

Tax valuation 1892 7,406,379

Taxrate (per$',000) $19-50Population iu 1890 was. ...12,133Population in 1880 was.... 9,492

Sierra County.—The county seat is Downieville.

Bonded debt 1892 iH6,900 I Tax rate (per $1,000) $27-50Tax valuation 1892 1,518,968 |

Population in 1890 was.... 5,051

Siskiyou County.—The county seat is Yrelia.

Bonded debt 1892. $90,300 I Tax rate (per $1,000) $1500Tax valuation 1892 8,4'22,386 |

Population in 1S90 was 12,163

Solano County.—The county seat is Fairfield.

Bonded debt 1892 $33,285 |Tax rate (per $1,000) $12-00

Tax valuation 1892 ...19,949,301 1 Population in 1890 was.. ..20,946

Sonoma County.—The county seat is Santa Rosa.

Bonded debt 1892 $224,500 |Tax rate (per $1,000) $10-50

Tax valuation 1992.. ..30,860,796 | Population iu 1890 was 33,721

Stanislaus County.—The county seat is Modesto,Bou'led debt 1892 $23,070Floatlni; debt 2,501Tax valuation 1892 17,083,750

Tax rate (per $1,000) $13-50Population iu 1890 was 10,040'Population iu 1380 was.... 8,75L

Sutter County.—The county seat is Yuba City.

Bonded debt 1892. $11,0'10|Tax rate (per $1.000) $1000

Tax valuation 1892 9,533,010 | Population in 1890 was.... 5,469Tehama County.—The county seat is Re 1 Bluff.

Bonded debt 1892 $85,500 I Tax rale (per $1.000) $14-50Tax valuation 1892.. 11,474,660 1

Population in 1890 was 9,91ff

Trinity County.—The county seat is Weaverville.Tax rate (per $1,000) $27-50Bonded debt 1892 $46,400

Floating d.-bt 2,119Tax valuation 1892 1,427,674

Population in 1890 was 3,719Population iu 1880 was 4,999

TuLAKE County.—The county seat is Vasalia.

Bonded debt 1892 $41,500|Tax rate (oer $1,000) "SllOO

Tax valuation 1892. ...25,2)1,015 |Population in 1890 wa3....2 i,.574

TuoLUMNUE County.—The county seat is Sonora, Thiscounty has no debt.rax valuation 1892. ...$5,144,990 I Tax rate (per $1.000) $17 OOTaxvaluation 1891.... 3,047,895

|Populatlou in 18iJ0 was.... 6,0i2

Ventura Cou.vty.—The county seat is San Bueniventura.Bonded debt 1892 $11,000 ITaxr.ate (per $1,000) $l6-50Taxvaluation 1892 8,'253,341

|PopulaliOH iu 18'10 was 10,071

Yolo County.—The county seat is Woodland.Bonded debt 1892 $42,000Floating d-bt 9,355Taxvaluation 1892. ...21,086,490

Tax rate (per $1.000) $1100Popalatloa in 1800 was 12,684Population in 1880 was 11,772

YuB.v County.—The county seat is Marysville.

Bonded debt 1892 $81,000 I Tax rate (par $1.033) $18-03Floating det)t 600 Population In H90 was 9,fi3STaxvaluation 1892 7,194,308 1 Population iu 1830 was 11,284

Bond Proposali and tVegôtiationg.—We have re-

ceived through the week the foUoveing notices of bondsrecently negotiated and bonds offered and to be offered fox

sale.

Allegheny Connty, Pa.—(State and City SappLEMENT,page 65.)—Notice has been given by the Sinking Fuad Com-missioners of Allegheny Cjunty that the followiag boud&dated January 1 18S3 and maturing Januiry 1 1913 will be

NEW LOANS.

-WE OFFER, SUBJECT TO SAI.E,

$400,000CITY OF

ST. LOUIS, MO.,

Refunding Sinking Fund

Twenty-Year 4s,

Principal and luterest Payable In Gold.

DATED KOVEMBER 1, 1S92.

DUE NOVEMBER 1, 191!2.

COVPOM BONDS OF Sl.OOO EACH.

INTEREST PAYABLE MAY AND NOVEMBER.

Price and Inll partlcalars on application.

FOR SALE BY

N. W. Harris & Co.,BANKERS.

15 WALL STREET, NEW YORK.

CHICAGO. BOSTON.

$30,000NEW BRIGHTON, PENN.,5 PER CENT SCHOOIi BONDS.

Dated May 2, 189'.j. Due dlOerent datesIroiii 1^93 to 191-.2.

Bealvaluatton.. 17,500,000ITotal debt {32 600

Ass'd valuation. 2,712,411 1 Population 6,80aLaws of Pennsylvania limit debt to 2 per cent of

Msessed valuation. .

Price to net 4 5-8 Per Cent.FURTHER PARTICULARS ON APPLICATION.

C. H. WHITE &, CO.,7*i and 74 Broadway, New Yorii.Send for full list of Investment Bonds.

THE WALL STREET JOURNAL.An kiTalnable flnanolal daily : |6 a year. Sample CODVtTM. DOW JONBS & CO., PabllBtieri, 11 Broad St.

NEW LOANS.

INVESTMENT BONDS

FOR SALE.

LISTS ON APPLICATION

Members of the New York and Boston Stock

Exchanges.

DEALERS IN

COmmERCIAL. PAPER.

Blake Brothers & Co.,

28 STATE STREET, BOSTON.

G NASSAU STREET, NEW^ YORK.

NEW LOAN.875,000

City of Sandusky, Ohio,DOCK IMPROYEMENT 6s.

Price and Particulars on application.

FARSON, LEACH & CO.,CHICAGO,

lis Dearborn Street.

MEW YORK,3 Wall Street.

W,J. Hayes & Sons,

bankers!Dealers in MUNICIPAL BONDS.

street Railway Bondt and other high grade in-restmenta143 Superior St.,

Cleveland,T EzchanKe Place.

BostonCable AddrcM. 'EErNNBTH.''

10 WALL STREET,NEW ¥ORK.

NEW LOANS.

SOUTH PARK BONDS.To AVIioiii it may Concern

:

Take notice, that the following numbers of South-

Park Bonis have been selected and retired by theSouth Park Commlssl'jners, iu conformity with law,

for the annual sinking fund, viz.; 5, 23, 30, 38, 67, 101,.

103, 119, 122, 120, 147, 199, 250, 290, 329, 332, 378, 382,

381, 387, 405, 413, 438, 480, BOO, 686, 690, 707, 723, 763,

780, 839, 849, 8«8, 869, 871, 884, 891, 924, 929, 948, 990,

1017, 1046, 1018, 1059, 1066, 1071, 1091, 1103, 1169, 1168,

1188. Interest will cease on above numbered bondson and after the falling due of the next annual in-

terest coupon.Principal of retired bonds payable on and after thei

falling due of their next annual interest coupon, at

the Chicago National Bank, Chicago, Illlnolf.

H. W. HARMON,Secretary South Park Commissioners.

November nth, 1892.

W. H. Howcott,INVESTMENT BANKER.HIGH-GRADE LOANS KFFBCTBD.

Dealer in

Southern Timber LandsÂppraiser of Southern Land Values.

NO. 193 COmniOM STREET,MEW ORLEANS, LA.

Hackett & Hoff,REAL ESTATE AND INVESTMENTS^96 Mieliigan St., milwankce, Wis.

First Mortgages on Improved Milwaukee Real.Estate, bearing six and seven per cent interestalways on hand. No charge to the investor for col-

ectiug interest or looking after taxes and fire Insur-nee Absolute security.

r, T. iBwni. TBANK ZUJg. r. H. BAixnAint

[rwin, Ellis & Ballmann,Stock, Bond and Note Brokers,

to. SI WEST THIRD STREET,

CINCINNATI, OHIO.

Wm. Fisher & Sons^BANKERS AND BROKKRS,

23 Sonth Street,

BALTIinORE, ni'O

KOVBMBKR 10, 1801] THE CHRONICLR 860

paid, together with intoreat to January 1 1808 u|>on prMento-lion at the otBce of iho County Controller at Pittitburf, Pa,,

at which time sll iiiturpst on anid bonds will ceaso.

Coupon CuJti'UoMisit ob Uiot Bokdb Nos. 888, 850, 861, 889,

at8, 804. 865, 366, 807.

Kboistbbbd Compromise or Riot Bohds Nob. SSO, ono, 660,

B61. 570.

Thene bonds are for $1,000 each and the total am)unt called

is $15,000.

ATondale, Ohio.—(Statk and City Sitpplement, pajp 77.)

—Bids will be roceived until Doceuiber 12tli by H. I*. Cooke,Village Treasurer, at the Foiirth National Bank of Cincinnati,

for Avondale bonds to the amount of $15,000. The securities

wUl bear interest at the rate of 5 per c<"nt per annum. Theywill be dated October 1 1893 and will mature October I 1913.

Boston. Mass.—(State and City Supplement, puso 21.>—

The BDard of Aldoruion of Boston is considerinR an ordiniinco

providiuK for a loan of $530,000, of which it is proiMsod to use

$387,500 for the construction of Blue Hill Avenue.

Buffalo, N. Y.—(State and City Supplement, page 45.)—

Bids will be received by the City Comptroller of Buffal > until

November 2!Uh 1892 for the purchase of $100,000 of Buffulo

city refunding bonds.These bonds will lie dated December Ist 1893, and will bear

interest at the rate of SJ^ per cent per annum. pnyable seml-

annuiiUv on the first day of June and DecemtH-r in each year,

at the oifflce of the Comptroller or at the Gillalin National

Bank in the city of Now York, as the purchaser may elect.

The principal will be (>ayable at the same place twenty years

from the date of the bonds, viz : December 1st, 1913.

On the 20 th of last June, when $100,000 of similar securities

maturinK July 1 1913 were offered for sale, twelve bids werereceived and the loan was awanled to N. W. Harris & Co at

104-58. Asain on Softember 20th $.50,000 of these 20-year re-

funding boncLs were sold to the Buffalo German Insurance

Company at 103-77. and another blooi of the same amouutwas awarded to L. W. Morrison at 102 053. I

The bonded debt of the city of Buffalo on the first day of

Noveml>er 1893. less bonds held by the city in sinking funds,j

was $11,248,895 C'3.

The auemed raluation of the taubl* raal «atat« ot tiM cUf,by th* rolto of tb« year XHm, In $188,804,870.

Calhonn County, Iowa.—Oa Deomnb«r 8 County TrearararWilliam N. Brown will hoU 7 p"r OMit ooonty dl'ch bond* to

the amount of $3,000. The bondfi will bn for $1 .000 Mtob andone will mature July 1 1807 and the other o'l July 1 10O3. Tb*sale will take place at the ot&oe of the County Treaanm loRockwell City, Iowa.

Cincinnati, Ohio.—(Statk avd Cmr Scmjuonrr. page 77.)— The hiKhext bid for $100,000 of 4 \ieT cent 90-40-year aawerlionds was made bv 8. Kunn A Son*' Western Oerman Bank.The offer was $101,808 08.

Clereland, Ohio.—(State and Cîty Supplement, page 78.)

—On November 15 bidt were receiv.Hl for the purohaae of$80,000 of 5 per cent newer bonds macurine Oct<jber 1 1809

and $74,000 of i^ p^r cent bridge repair bonds mtturingOotoljer 1 1807. The loHowing list of the protxMals rei-eived

haa been sent to the Chboniclk by City Comptroller W. J.

Oleason.Bidden. Beieer BondM. Bridge Bvndt.

Fanion, I.e«ch A Co., Chlo»KO, 111 «40,«4.'» 00 <I75.30» 80Bnltser A Co., Tnle<lo. O 8i).»4t 00 7.\011 00SoMoiiiooil & M»y(<r, Cincinnati, u 30..Sftl '^6 7.V84I 4*W. J. Uaves li Son.'.. <-|evfUii(l, O HO.HOfl 23 VS.lOi 60Blake Bros. & Co, Boston. M«»H .-)0,<130 mi T.t.i'SS 00Biienwr Tnisk A Co.. Boston. Mass SO.Kl'J Oil 75.130 AOThird Vatloiml Bank. Bustou Mass. .SO.fMt ."iO 7.^.20^^ BOK. L. Day A Co., Boston, Mass 3i),.V>3 -Ml T.'i.SOT 60Lamprueht Bros, A Co., Clevclanil, 30,676 00 7S.481 00

Both issues were awarded to Lamprecht Brother* & Co. ofCleveland.An otlicial statement of the debt and valuation of the city

at the present date is given below.

Total funded debt. Including above new Issues $6,574,331Water dobt lueliided In above $1,775,000/Par value of all sInkluK funds -.{,021.531$ 3,796,531

Total debt. exoludiuK water works debt and sinkingfunds »4,777.700

Valuation of taxable city property 1I7,h:i3,205

Real valuation 500.000.000Population 265,000

17* For conUnaatlon of proposal* •«• next pace*

MISCELLANEOUS.

CITY BONDSAND

OTHER APPROVED SECURITIES

FOK INVE8TOU8

FOB BALB BY

FISHER & SHAW,UVVESTMENT BANKERS,

4 SoutU Calvert Street,

BAI.TIITIORB, nARVLAND.

FAIRHAVEN,BEL,L,INGUA.n HAY,

FUTUKK MHTB0P0L18 OF PUaBT 800NDdestined to be the Kreat ManufsotorUw and Com-

mercial Center becanse It has

The LarKest and Safest Harbor on the Paciffo Coast.

The arestest Area of adjacent AKrtcnltaral Laud.

The most Mh*^ n illcent Forests ofTlmberlntheworld

The dnest Natural Town Site and Water Front

ImmenBe Veins of the Best Coal In the West wblcb

produces a coke equal to Pennsylvania. Iron, Bllver-

ead, Oold and other ores. Kxtenslve Quarries of

e BandBtone fur buildtuK purposes. Valuable In-

ormatlon can be had of

THE FAIRHAVEN L.AND COMPANY.FAIUUAVEN.

WASHINGTON.Lampijrecht Bros. & Co.,

BANKERS,

MUNICIPAL BONDS.Olereland, Oltiu, Perrjr-Payne B>ld«B

Boaton. niaua., J>% State Street.

New York, 1 1 XKwM Street-

MUNICIPAL SECURITIESOF

PITTSBURG AND VICIWITTDealt In by

Jas. Carothers,90 FOURTH AVE., PITTSBVIftG, PA,

MISCELLANEOUS.THE

Lewis Investment Co.,DEH moiNEI^. IOWA.

CAPITAL PAID UP, - 1150,000.

Choice InTestmenta lo the most Conaerva-

tWe Field In the West.

SIA iCIf UCn I K»«es on ImproTCd lands

n Iowa and Eastern Nebraska. Safe and Desirable.

Miy BPB PITklT Uebentnre Bonds, secnr-

»IA rEn uCn I ed b; deposit of First

Hortsafie Loans with an Uastem trustee. FirrcBNTKAK8' SDCCISSrOL BXFIKIUICI. BBHD rOB PAM-PHLIT.

W. A. H0TCHKI8S, SEO. H. LEWIS,Act's Becretarr. President.

6% INVESTMENTS 6%FIRST MORTGAGE GOLD BONDS,

Amounts CSOO to SICUUO.

GOLD DEBENTURE BONDS,9, 7 and 10 Yeara,

ATIjANTIO trust CO.. NBW YOKK, TRDBTHHAmounta SlOO to •1,000.

A FBW CHOICB

7 PER CENT FIRST MORTGAGES.Write for Description.

Lombard Investment Co.ISO BROADWAY. NEW YOKK.

G. R. Voss,

Commercial Paper,Bonds, Stocks and InTeatma i Pacarltlas.

MS riBST NATIONAL BANK BUILDINO,

Omaha, Nebraska.

Mortgage Loansm

TEXAS.NO OOMMIBaiONB ohantad borrower or lander an

loans haTa proTsn good.

FHANCIS SMITH ac CO.,

HAH ANTOMIO. TBXAH.

MISCELLANEOUS.

The Mutual Benefit

L.1FB INMDRANCE CO.. NEWAKK, N. J.

AMZI DODD, Prasldaat.

Asseu (Market alnea),Jan.l,ian....(48,SM.2m 06Liabilities (N.Y. and Mass. SUndard).. 4A.S8<,tM 00Surplus 8.M&,7n 06Surplus, br former N. T. Standard.(Am. Kx. 4M per cent iteserre) «a37,(W0 06

POLIcnS ABSOLirTXLT NON'rOBrilTABLS Ann8ICX>Nn TCAK.

In cabi orlapsc the Pollc; Is coNTiwrrmD ih pobcias lonK as Its Talne will par for: or, it prefarreO, sPaid-up poller for Its full Talua Is issued In szobaiice.AftOT t£s second Tear Policies are UfOointsTABLl.except a* aaainst Intentional (raod ; and all netrU-Wmt as to rMidsncs, traesi or occupotMn ors rmnoesd.Cash loams ara made to the extant of SO par eant

Of the resarra Talua, where ralld aaalxnmants ot uapollelas can be made as oollataral eaountj.L088I8 paid Immadlatalj upon eomplatlon and a^

proTal of proofs.

North British

& Mercantile Ins Co.or

LONDON AND EDINBVROB.:

SAM. P. BLAODEN, Manager.

WM. A. FRANCIS, AsBUstant ManaKer

W. R. ECKER, Assistant G«a. Agent

H. M. JACKSON, Socreta^ .

U.S. BRANCH OF CE,

No. S4 WILLIAM ST.. N. Y.

BTABUBHHD 1866.

tingrene R. Cole,STATIONER AND PRINTBK.

Supplies Banks, Bankers. Stock Broken aad Oor-porallons with complata outflu of Acoosnt Book!and StaUonarj. _., _ .. -_Vr New concerns orsanlslnji will haTa thairorders promptly azacntaa.

No. 1 WILLIAM STREET.nANOTmi aQOABK)

WALSH & FLOYD,Na. •*» Broad Hirprc,

STOCK BROKERS,AND DMAI.KtS IN INTWTMINT SaonUTtM

870 THE CHBONICIJl [Vol. LV.

Erie, Pa.—(State and City Supplement, page 67.)—Mr.T. Hanlon, City Clerk, writes us that the proposition co issue

B3wer bonds to the amount of §123,000 which was voted oa atthe general election on Nov. 8 was defeated by a large majori-ty. The question will probably not come up again until nextspring.

Fayette, Mo.—Electric light bonds of this place to tlie

amount of |13,000 have recently been sold.

Franklin County, Ohio.—(State and City Supplement,page 80.)—Bids will be received until November 2oth for

$30,000 of 6 per cent road improvement bonds maturing at therate of $3,000 yearly from January 1 1894 to January 1 1903.

Haverliill, Mass.—(State and City Supplement, page 25.)

Haverhill's $60,000 of 4 per cent 10-year bonds and $25,000 ot

30-year 43 have been awarded ^to N. W. Harris & Co., whobid 101 '91 for both issues.

Itliaca, Mich.-New water bonds of Ithaca to the amoimtof $35,000 are being otfei ed at private sale by Mr. Charlrs E.

Temple of Grand Kapids, Mich. The securities will be datedDecember 1 1893, bear interest (due J. & D.) at the rate of 5

per cent per annum, and they will mature as follows : $5,000,Decemberl 1902; $10,000 December 1 1907, and $10,000 Decem-ber 1 1913.

Ithaca's total debt is $26,000, assessed valuation $723,255 andthe population in 1890 was 1,637.

Los Angeles, Cal.—(State and City Supplement, page189.>—Oa November 2 the people of Los Angeles voted 4,980

to 1,192 in favor of issuing $526,000 of bonds for water-worksto supply the hill districts of the city.

Middletown, Pa.—This place has issued bonds to theamount of $25,000 for the construction of an eltctrio light

plant.

Milwanicee, Wis.—(State and City Supplement, page100.)—On November 10 bids were opened for $550,000 of 5 psrcent city bonds maturing part yearly from 1893 to 1913, andthe entire loan was awarded to N. W. Harris & Co. of Chicagoat 108-91,

The following list of the proposals received has been sent tothe Chronicle by City Comptroller R. Czerwiaski:

Coffin <& Stanton of New York $104-530Seasongood & Maver of Cincinnati, 107 100Farson, Leach & Co. of Chicago 107' 170R. L. Oay & Co. of Boston 107-278E. H. Rollins & Co. of CMcago 107 -SOOBlake Bros, of Boston 107-533Spencer Trask & Co of New York 107-540Brewster, Estalirook .V: Co. of Boston 108"27OBlair&Co. of Now York 108 600N. W. Harris & Co. of Chicago 108-910

The terms of the sale are casli on delivery. The aggregateof the bonds sold is made up of the following issues:

City Hall bonds $200,000 I Viaduct bonds $150,000Librarybonds 150,000 | Bridge bonds 50,000

Newcastle, Wyoming:.-On November 33th bids for $22,000of Newcastle b mds will be opened by Town Clerk C. C. Ben-ner. The securities will bear 6 per cent interest, payable an-nually, and the principal will mature 30 years from date ofissue, being subject to call after 10 years.

Norwood, Oliio.—At the election which took place in Nor-wood on November 8, to vote on issuing $50,OL)0 of bonds forwater works, the people voted 3 j9 to 103 in favor of the bonds.

New York City—(State and City Supplement, page 50).—Comptroller Myers reports to the Chronicle that on Novem-ber 16 the following bids were received for $400,000 of 3 percent dock bo:ids, maturing November 1 1893:

BIDS FOR $400,000 OF DOCK BONDS.Bidders. Ami. Bid for. Price.

Blake Brothers & Co '. $100,000 10128The East River Savings Institution 10O."O0 10-853. G. Boaert lO.OuO 100-77South Brooklyn Savings Institution 200,000 100-25A Iselin & Co 50,000 101-51Manhattan Trust Compauj- 60,000 lOO-'-B

50,000 100-61" 50,000 100-66

" " 50,000 100-71" •' 50.000 100 76" '• 50,000 100-81

The Commissioners Of the Sinking fund 400,000 100-00

The above securities, to the amouat of $35.),000 wereawarded to Blake Brof.iera & Co. at 101-2S and $50,000 to A.Iselin & Co. at 101-51.

CHICAGO.

Jamieson & Co.,

STOCKS—BONDS,Members New York Stock Exchange,

ChicaKO Stock Exchange.

187-189 DEARBORN STREET,

Chicago, III§,

Private Wire to

LAB. WORMSJSR, NEW YORK.FLOWER A CO., NEW YORK.B. GLENDINNING & CO., PHILADELPHIA.

veelal attention clveu to out-of-town busl-

nesa. Correspondence solicited.

J. B. Bbusi, Member New York Stock BxohanKeD. !£. OUHMINOS, Member Chloago Stock BxohanKe

Breese & Cummings,BANKERS AND BROKERS,

111 AND 113 IHONROE STREET,CHICAGO

8«onrttle« luted in New York, Boiton or ChloaKO•ft.'ned on oonaervatlve marginB.

A. 0. 8LAU0HTBR, Member N. Y. Stock ExchangeWM. V. BAKER, Member Chicago Stock Exchange

A. O. Slaughter & Co.,BANKERS,

111-113 LA SALLE STREET,CHICAGO, ILLS.

Chleaso Securities Bousht and Sold.

Henry C. Hackney,113 DEARBORN ST., CHICAGO.

raVESTMENT SECURITIESBOUGHT AND SOLD,

Member Chleaso Stock Exchange.

CORRB8PONDENCB 80LIC1TBD.

Fred. G. Frank & Bro.LOCAL 8BCDRITIB8 A SPECIALTY.M WASHINGTON STREET, CHICAGO.

Correipondence InTlted.

CHICAGO.

Title Guarantee & Trust

CompanyOF CHICAGO,

9'i, 94 <fc 9« WASHINGTON STREET.

Oapltai, paid-up 81,000,000Undivided earnlnffe, Including

urplue it'ZO.OOODxpoatted with State Auditor. . iCOO.UOO

GnARANTBBS TITLES TO REAL H8TATB.

Offers Inveetore In real estate eecurltleHprotection affôrded by no other eTetem ofdoing business.

Is authorized by law to act aa Registrar of StookB

and Bonds, Executor, Receiver and Trustee for

filstates. 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. Tloe-Presldent.

AHCHIBALD A. 8TKWART, Secretary.

CHA8. R. LARRABBB, Treasurer.

DIRECTORS:Gwynn Oamett. Chas. W. Drew,W. D. Kerfoot, John P. WUson,George C. Waliter, Bdson Keith,John G. Shortall, Geo. M. Bogne.John DeKoven, Â. H. Sellers.

Samuel B. Chase,

COnNSBL:W. C. Goudy,A. W. Green.

John P, Wilson,A. M. Pence,

Herman Schaflher & Co.BANKERS,

COMMERCIAL PAPER,100 'Washington Street,

CHICAOO, IL,E.

IOWA FARM LOAMSAre safe and sure. 21 years' experiencewithout the loss of a dollar. Inttirest andprincipal net to lender. Send for pamphlet.

ELLSWORTH & JONES,321 Chamber of Commerce BIdg,, Chicago.

First Nat'l Bank BIdg., Iowa Falls, la.Established 1871.

CHICAGO.

Illinois Trust & Savings

Bank.CHICAOO, lEE.

CAPITAL AND SCRPLUS, - 83,230,008

INTEREST ALLOWED ON DEPOSITS.This Bank Is directly under the jurisdiction and

lupervlsion of the State of IlUuois, is a LEGALDEPOSITORY for Court Moneys, and la autheriiedf,0 act as TRUSTEE, KXBCOTOR, RKCBIVER andASSIGNEE for ESTATES, INDIYIDUAL8 andCORPORATIONS.

OFFICERS:lohn J. Mitchell. President.

John B. Drake, Vice-President.Wm. H. Mitchell, Second Vice-President,

Wm. H. Held, Third Vice-Presidentlames S Glbbs, Cash'r. B, H. Chatteil, Ass't Cash>r

DIRECTORSJohn MoCaffery, John B. Drake"L. Z. Lelter, Wm. H. Reid,Wm. H. Mitchell, John J. intohell"Wm. G. Hlbbard. J. C. MoMulUn,n. B..8htpman. J. Ogden Armour*

Frederlok T. Haskell.

The Jennings Trust Co.,

185 DEARBORN ST., CHICAGO.

CAPITAL, PAID UP, -

SURPLUS.

$500,000

$50,000

NBGOTIATBB GROUND RENTS In the CltT ot

Chicago. Takes entire charge of estates. Acts as

agent for the registration and transfer of bonds and

stocks and the payment of coupons, interest and

dividends. Authorized by law to receive and exeouta

trusts of every character from courts, corporations

and individuals. A legal depository for court ant

trust funds.

INTEREST ALLOWED ON DEPOSITS Of monST

Which may be made at any time and withdrawn afte

live days' notice, or at a fixed date.

TRUST FUNDS AND TRUST INVE8TMHNT8

are kept separate and apart from the assets of the

Company.

J. a. WALSH. President.

CHAS. H. HULBURD, Vice-President.

FRANKLIN HATHKWAY. Secretary.

gAHUBL D. WARD, Treasurer

LYMAM A. WALTON. Ouk'w

KOVBUBKR 10, 1893.J TtIK GH»ONlCL& 871

Oil the aame clay the followin«f bide were received for |199,-749 83 of 3 per cent school bonds maturing Nov. 1 1811.

BIDS FOB $199,740 or BCBOOL BONDS.

Bulderi. Amt Bid for.

Blakp Brother» A Co (1199,000TU« KUHt Kivttr SikvluKH lustitiittou lUO.OOOThe CummlHelout'i-a ut tlio milking Fund 199,719 8'i

PrUe.

101 Ofl

lOO-Hft100 00

\

Of the school bonds Blake Brotliers & Co. securod $190,(100at 101-08and the remainder of $740 82 was awarded to theEast Kiver Savings Institution at 100'86.

Oraupe, N. J—(State and Cmr Supplement, psRe 61).—At a iiu'oting held last Monday the Common Council ofOrange dccidt d to issue bonds to the amount of $256,000 forllie completion of the sewerage system of the city.

It was reported that the total cost of the work, as nearly asit could l)c estimated, would tie between $850,000 and $920,000.Tliis amount included the full coat of the outlet sewer, ofwliich §100,000 will be re-paid by the townships of Bloomflcldand Montclair. $50,000 for the house connections thai will beassessed directly on the property, and about $100,000 that willbe assessed on the property benetitted.

Philndeluhla, Pa.—-(State and City Supplement, page68.)—The I'iimnce Committee of the Philadelphia CommonCouncil has recommended the issuance of bonds to the amountof $3,500,000 for the extension of water-work, sewers andpavements.

Pltlsbnrg, Pa.—(State and City Supplement, page 69.)—Ciiy Comptroller E. S. Morrow writes the Chronicle that asboth the executive and financial departments of the city gov-ernment are opposed to the proposition, it is not probable thatthe autliorizatioii of a $6,000,000 loan,which has recently beenagitated, will be brought to a vote of the people.

Port of Portland, Oregon.

—

(State and City Supplement,page 143.)—Mr. James Steele writes the Chronicle tliat the$50,000 of 5 per cent 30-year bonds recently advertisf d havebeen sold to W. J. Hayes & Sons of Cleveland and Boston at104-52,

From the above it would appear that the report which was

ourrent tiwt week to the effect that thU kwa had hmu awaHvdto the ItolllnM Invoatment Couipanjr of braver, Uol., wuwithout foundation.

Readliiff, Ohio.—The citsra* of RM/)inR have voted • to 1In favor of building water-works, and m<inictp'il bonds to theamount of $40,000 will soon be iaeued for thiti purpoae.

ShPnandoih. Iowa.—City Clerk J. B. Carter writes oa thaton Novuiiitier 15th $20,000 of S per cent water boode wanawarded to E. II. Rollins & Sons, who bid $19,910 and the ooatof the bonds.The loan matures twenty vears after date and the option of

paying $2,000 yearly after eleven years is reserved by the city.

South Chicago.—(State and City Supplement, page 90.>—The Secretary of the South Park Commissioners gives notice

that flfty-tbree of the South Park bonis are called for pay-ment and will be retired on and after the falling due of their

next annual interest coupon, on which date also intereit will

cease. The bonds and coupons will be paid at tlie ChlcaxoNational Bank, Chicago. Illinoin. An advertisement givingthe ntcmberg of these called bonds toitl be found eUewhert inthis Department.

Topeka, Kan.—(State and Ctty Supplement, page 136.)—Two weeks ago we mentioned that this city haa sold pavingbonds to the amount of $4,228 90. City Clerk George Taabernow writes us that thes") are sixes beloni^nif to the internalimprovement loans, which are payable by special asnerameiit,and they mature at the rate $423 89 yeaily from October 151893 to October 15 1902. The bonds brought par and aocmedinterest.

Utica, N. Y.—(State and City Supplement, page 55.)—The Common Council of Utica has authorized the usnance ofbonds to the amount of $25,000 for the city school fund.

Vallejo, Cal.—(State and City Supplement, page 141).—An election held in this city resulted in favor ot issuing $350,-000 of bonds for water works by a v<^te of 1,065 to 397.

CHICAGO.

Union National Bank,CHICAGO.

Paid-up Capital.Snrplaa,

$3,000,000T00,000

A reffular Banking Business Transacted. Acoonnuor Batiks and Bankers. Mercantile and MauafacturlngFirms or Corporations, received on favorable terms.VoreUn BxcnauKe Bought and Sold. Commercla]and Travelers' Credits, available In all parts of thelobe, Issued. Telegrapblo Transfer* made with all

prlnolpal European and DomesUo Points. Unitedstates and other flrst-claas Investment Bonds dealt

COBRESPONDBNCS SOLICHTBD.

TO INVESTORS.

Chicago Co-operative

Construction Co.,(INCOKPORATBD.)

Aaihorlzed Capital, - - 81,000,000Shares SlOO Each.

7 Per Cent Gaaranteed.BBCUBBO BY CHICAGO REAL ESTATE FXIUn

MORTOAaBti.A LIMIT>ID NUMBER ot shares are now offered

tor sale at the offices of the Company,

Via, «17 and 018 Klaito Bnlldlnc,

CHICAGO.rULL INFORMATION UPON APPLICATlOM

CORRESPONDIBNCa INTITED.

Cahn & Straus,BANKERS,

1»8 liA SALLE ST., CHICAGOA Qcoeral Banklnc Bnalneaa Tranaaeted.

riBST MORTaAQB LOANS ON IMPROVED CITYREAL ESTATE EOR SALS.

Members ot the Chloaoo Stock Exchaac*.

Loeb & Gatzert,mORTGAOE BAA^KERS,

13S IÂ 8AI.I.K STRBBT, CHICAGO.First MortffaKBS for sale In large and small amoonta,

netting Investors 6, 6^ and ber cent, secured byImproved and Income-bearing Chicago city property.

frlaclpal and Iniereai payable In G«ld.coMutsronujuioiiaoueamo.

ST. LOUIS.BAMl. A. OATLOSD, JMo. B. llijaasuie.

Gaylord, Blessing & Co.,BANKERS AND BROKERS,

ST. LOUIS.WESTERN SECURITIES AND

HIGH QRAOE MUNICIPAL BONOSA SPBCIALTV.

DWAKDS WHTTAKMB. chablu HodsMAI

Whitaker & Hodgman,BOND AMD STOCK BROKKRB«800 Nortli Foartb Street,

ST. LOUIS.

Geo. M. Huston & Co.BOND AND STOCK DEALERS

We buy&nd sell 0Qtrl«tat alt WesternMonlotpal Bonds and Stocks. W«cheernul7 furnish full and reliable In-formation oonoemlng anr Western •»•onrltj wlthont obarae. Monthlr qno>tatlon circular mailed to all applicants.New IsBueA of muulclpal bonds waut«d.

g05 PINE STUKBT, ST. LOtIS, MO.

MINNEAPOLIS.

Minneapolis Trust Co.,niNNEAPOLIS, niNNESOTA.

CAPITAL., tSOO.OOO.

Beat Eatale Loaoe. Safety Deposit Vaalia.

Aeta a* Bxacotor, Trnatee and Gnardlan.DEPOSITORY FOR WILLS.

P. O. BOX 1,000.

Cable Address "Trnat" Sllnneapella.

DIRBCTORaSamnel HUl, President; Wm. H. Dnnwoody, First

loe-Presldent! H. K. Brown, Second Tlce-Pred-dent: Daniel Basaett. Third VIce-Presiaent; ClarksonUndley, Saoretary and Treaaoreri Isaac Atwatar,n. W. Cannon, C. O. Goodrich. Jas. J. UlU. A. t.Kelley, K. B. Laosdon, A. H. Linton, W. Q.iNonhap,Cbaa. A. PUlabnry and P. B. Winston.

S. H. Wood & Co.,INTESTMENT BANKERS,Qaarantee l<«aii BMlldlac*

MimMEAPOUS, nilVN.,Deslars In the hlsbast class of Minneapolis Seeort-

IM, Bank Stocks. Mortaac* and Bonds.

cmaamammmammtueama.

PACIFIC COAST.

Merchants National BanliOF SEATTLE, WASHINGTON.

UNITED STATES DBP091TART.Angns Mackintosh, Pres.

I Abram Barker, Vloa-PreaWm. T. Wlokware. Cashier.Capital, S'lUO.OOO I Hurplaa, etc., S4V.0MInlerest-bearloc Certlflcatea af Depaalu

Superior Collection Facilities.Correspondsnea SolMMt

Merchants Nat'l Bank,PORTLAND, OREGON.

Paid Capital Sl.OOO.OMJ.LOHWENBERQ. PTes. JAS. STbIl. Tloe-Praa. I. A. MACRUM, Cashier.SBLL8 SIGHT EXCHANGE AND TBL»-

QRAPHIC TRANSFERS, and ISSUES LBTTHUOf CREDIT available CbrouKtiont the United Btataa-DRAW8 BILLS OF EXCUANOB on London.Liverpool, Dnblln, Paris, Berlin. Frankfort-on-th^Main, sod all the principal cities of Europe ; also o.Hong Kons.COLLECT]IONS MADE jn all aocaaslbl* polnta.

Commercial Bank,TACOMA, WÂSHINCTOn.

PAID-UP CAPITAL MOCOOO.Six Per Cent Coapon CertUlcate of Deposit, rannma

One or Two years. Interest and Principal payable sitheêrclianta' Exchange Nat. Bank, New York OtyThis CertUlcate has a oonpon attached, whlah i

be out off when due, and presented to any Bank foapayment, the same as a New Tork Draft. A moalconvenient mode of Investing your surplus money.Write for a copy of the CartUoalaiA.BRiDaMAH,Caah. SaaiTAir H. WHnuni, Pr«k

Merchants NationsBankTACOnA, ITASHINGTON.(OLDEST BANK IN THE CITTJ

Interest Paid on Time Deposit*.Capital •JSU.Oe.Sarplasand Undivided Protts SlUO,.liaOerraspondenoe solicited. CoUeeUons a spacuityj

I

SAN FRANCISCO.

The First National BankOF SAN FRAJWCISCO, CAL-

UNITED STATES DEPOSITART.CAPITAL, ... S^SUU.OO*SDRPLUH, . . . STSO.UM8. 0. MiniPiT, Preaidaau H. D. MoaaAJi. Cttsklsp

JAim Mormr. v.-Pres. G.w. Euici.Asat.QMEUKMBKAI. BA.>(K1!4<1 Bt'ttlll]

AUC«UM*» •OiauiVK*.

872 THt: cfliioNicLE. [Vot. LV.

a!/0tt0ti.

WOODWARD& STILLMAN,MERCHANTS

16 to 22 WILLIAM STREET,

NEW YORK.

COTTON OF ALL GRADES BUITABLB XO

WANTS OF AMERICAN SPINNERS.

LmatiAS, BTiBir * Co., lihuan, dubk ft Co.i

New Orleana, La MontROmerr, Ala.

LEHMAN BROS.,connissioN iserchants,

No. 40 Exchange Place,

NEW TORK.MEMBERS OP THE STOCK, COTTON, OOF-

FEE AND PRODUCE EXCHANGES,New Tokk.

Orders executed on the abo re BzohanKes ai well

as Id New Orleani, Chloaio and forelKn marketi.

BTRAU3S A GOhdarauiiah andNew Orleant.

8TBAU8B A CO„MancheBter. and at prin-cipal Cotton Centre!on the Continent,

STRAUSS & CO.,COTTON merchants;

4S BROWN'!!) BUILDINGS.

LIVERPOOL.Bpedal attention given to oorrespondenoa with In-

terior Cotton Merchants and Barers for the pnr-

ehase and sale of Cotton both on spot and for fDtnre

delirerT.

Hopkins, Dwight & Co.,COTTON, CUTTONHBBD OIL,

HOeVUEKN PRODCCBCOMMISSION MEBCHANTS,•• Si*t Cotton Exehanco Bnlldlnc.

NJW YORK

itUtSTSs 0. Hopkins. Loolns Hopkins Bmlth.(Biarlas D. Miller. Bamnel Hopkins.

Crenshaw & Wisner,Id * 18 Excbanse Place, Nair York.

conBussiosr iherchants.Htmbors of the Cotton, CoSee and Prodaoe Hzota's.

AOHSCT or

THE HAXALL CBENSHAW CO.,

RICHMOND, VA.

tUndard Brands of Flour for Shipment to WarmCUmates always on hand.

SULPHUR MINES COMPANYOF VmOINIA.

Hlsh-Orade Prrltes, free froa Arsenia

J.Spencer Turner,

BUCCHBBOR TO

BiinckerhoS, Turner A Co.,MANnFACTUKHB AND DEALBB IN

COTTON SAIL DUCKifs Au, KINDS or

COTTON CANTAB FBfLTINQ DUCK,CAB COTEBINQ, BAOQINa,

BAYHNB DCCK, BAIL TWINU, *o,"AWNINO" BTBIPKB.ASBNTS

rwITED STATKI* BUNTING CO.^tnll supply, all Widths and Colors, always la

Mo. 109 Duaue Street.

®0ttO«.

INMAN, SWANN& Co

COTTON MERCHANTS,

New York.

Henry Hentz & Co.,

COMMISSION MERCHANTS,1 6 to 32 'William Street, New York:.

XKC17TB OBDHRB FOR FUTURB DBLITXKT

COTTONat the NBW TOBK, LITBRPOOL AND NBW OB-LNANB COTTON BXCHANOBB. Also orders for

COFFEEat the NBW YORK COFFEB HXCHANGia, and

ORAIN AND PROVISIONS•t the NBW YORK PBODUCB BXCHANOB and

the CHICAQO BOARD OF TRADB.

Hubbard, Price & Co.,COTTON KXCHANGB BUILDING

NEW YORK.General Commission Merchants.

Members New York Stock ExcbanKe, New YorkCotton Hzohange, New York Produce Excbauge, NewYork Coffee Exchaiiff©. Chicago Board of Trade.Orders executed uu any of the above KzcbanKss,

also for purchase aiid sale of cotton for future de-livery In New Orleans and Liverpool. Liberal ad-vances made on cotton couslunments.

PRICE, RKID dk CO.,Norfolk, Va.

PRICE, REID •& ADAAI8, Limited.ChnrleHton, H, C.

Special attention (civen to orders for cotton forforeign or domestic shipment.

J. O. BL088. Oio. B. CHUBOH, Special

J.O. BLOSS & CO.,

COTTON niERCHANTS,Hit William Street,

NEW YORK.W. D. BODNTHEB. ALBKBT L. BOUNTHSI.

W. D. Rountree & Co.,COMMISSION MBBCHANTB,

COTTON EXCHANGE BUILDING. NEWYORK, and NORFOLK, TA.

COTTON, COFFMB, OBAIN, PB0VI8I0NB ANDBTOCKB.

Geo.H .McFadden& Bro.OOITOM MEROHAKia,

PHII. ft.DKI.PHIAs

UTMRFooii ooaaaiFoinDnna,

VREDERIC ZKREOA * CO.

Bliss, Fabyan & Co.,NSW YORK, B08T0N, PHILADELPHIA

Bbujso Aoents roB LuAsina Braddb

BROWN and BLEACHED SHIRTINGand SHEETINGS,

PRINTS, DENIMB, TICKS, DUCKS, 40.

TowoU, Qnllta, White Goods and Hosiery,Drillt, Skeetingt, <te.. Tor Export Tradt.

Geo. Copeland & Co.,COTTON BROKEK8,

139 PEARI. STREET, NEIV YORKCotton landed at Mills from Senthem Markets

specialty

Cahoone & Wescott,Members New York Stock Bzohange,

18 DTALL STREET.GoTenuuent and Inrestment Bonds.

atoaki and Bonds Bovbt and Sold on OoawlHloB.

^ttmucfeil.

Walter I. Hatch,Benry PreteoU Batch, Arthur Melvin BatehMembers of N. Y. Stock and Prodaoe Bxofaanjiae.

W. T. Hatch & Sons,

96 Broadway & 6 Wall St, New York.

Dealers In investment stocks and bonds.Personal attention given at the N. Y. Stock Kz.

change for the purchase and sale on commission ofstocks and bonds for cash or on margin.Interest allowea on deposits, subject to draft at

sight.

F. H. Prince & Co.,

BANKERS an:; BROKERS

BOSTON, MASS.

HIGH GRADE INYESTMENT8

Members of New York and Boston Stock Bxchangei

Howard Lapsley & Co.,BANKERS AND BROKERS,

NOi 1 Exchange Court,

NEW YORK.Private Wires to Boston and Philadelphia,

E. D. Shepard & Co.,BUCCBB80B8 TO

AUG. T. POST, Banker,DREXEL BUILDING, BROAD ST., N. Y.

State, Conntr and City Bonds.

Hatch & Foote,

7 PINE STREET NEW YORK

INTESTMENT SECIJRITIBt,

Wayland Trask & Co.,BANKERS AND BROKERS,

18 WâU Street, New York.

Tiansaet a general banking business, ineladla

the purchase and sale on commission of secultie

dealt In at the New York Stock Kxohange.

WATULXD TBA8K, THIODOU BAU>1fIMAXTBID N. BAMKnf.

American Exchange BankST. LOUIS, KiO.

Capital, - 8300,000 ISurplus, - 8313,000

PBTBB NICHOLSON, President.ALVAH MANSUK, Vice-President.

WALKKB hill. Cashier

We send dirbot to every banktog point In Mo.

Fifth Avenue Hotel,madleon Square, NE^V YORK,

The largest, best-appointed and most liberally

managed hotel In the city, with the most central

and delightful location.

HITCHCOCK, DABIiINS A 00.

Massasoit House,SPRINGFIELD, MASS.

THB BBST-APPOINTKD HOUBH IN WBBTBBNNBW BNOLAND.

ConvnUant for the tourist or business man. user

union Kpot.. W.H.CHAPIK.

November 19, 1892, Vol. 55, No. 1430 - FRASER | Discover … · · 2016-05-18SixMob. do. do....ilirs. ... +187 —90 Totalallcitiesfor ... waycranotheritstrikesattheindustriesandenter-

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